Banks are definitely back on the agenda, not that they were ever off it for Peter and Paul, with Charlie Aitken upgrading his call last week for the sector and moving ANZ and Westpac to buy alongside a NAB buy recommendation. He remains neutral on Paul’s favourite, which is CBA.
Commonwealth Bank of Australia (CBA)
Source: Yahoo!7 Finance, 27 January 2015
National Australia Bank (NAB)
Source: Yahoo!7 Finance, 27 January 2015
Australia and New Zealand Banking Group (ANZ)
Source: Yahoo!7 Finance, 27 January 2015
Westpac (WBC)
Source: Yahoo!7 Finance, 27 January 2015
Also one of Australia’s best healthcare companies – hospital operator Ramsay Health Care, is one to watch given its exposure to the lower Aussie dollar and new business activities in China. James Dunn explains in his article today that it could even be in for an upgrade.
Geoff Wilson mentioned a couple of these stocks in his article last week but in announcing WAM Research Investment portfolio’s returns for the year this morning, chief investment officer Chris Stott also said that its top performing stocks for the period were Mantra Group Limited, Sirtex Medical Limited Infomedia Limited, Corporate Travel Management Limited and Slater & Gordon Limited.
Don’t forget every fund manager’s mantra that past performance is no reflection of future performance but a couple of these stocks are still very much on WAM’s radar and I know you’ll remember how often we’ve written about Sirtex.
And if you’re keen to give Europe a whirl, you can’t go past the European ETFs that Peter talks about today. There’s the Vanguard one VEU and the iShares one IEU.
And if you just want plain old exposure to the ASX, which AMP Capital Investors head of investment strategy and chief economist Shane Oliver says should have a better year than last year, you can always try the SPDR S&P/ASX 200 ETF or STW.
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