Like

CMC Markets’ Chief Market Strategist, Michael McCarthy likes Oilsearch (OSH). “As  a long term shareholder, I view the recent share price pull back as an opportunity to add to holdings,” Michael said.

“Ongoing discussions with the PNG government to potentially double LNG production could provide a kicker,” he added.

Dislike

Michael doesn’t like National Australia Bank (NAB). “The rally since the end of 2018 in my view puts it in lofty territory,” he said.

“There’s a possibility investors are waiting to collect the (reduced) dividend before rotating away from NAB.

“The half-year result could be viewed as unimpressive, and a subordinated note issue later this week could pressure the shares,” he added.

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