You might’ve seen your companies reporting last week but I thought it could be instructive to see what analysts and brokers surveyed by FNArena think. I always find it useful to see what the collective view says about the companies we are invested in.
The big potential gainers are Iluka Resources, BlueScope, Baby Bunting, Primary Healthcare and Oz Minerals. None of these, except say for BlueScope, are my kind of companies (quality players with a healthy dividend) so they should only be seen as companies for a short-term hold or maybe they should be ignored, if you’re a ‘buy and hold’ type.
If we can believe the experts, the companies on a big downer are Goodman Group, Cochlear, Wesfarmers, ASX, Seek and Seven West Media, which looks like it’s in for a shocker!
I reckon there are some good “buy the dip” stocks there, such as Goodman, JB Hi-Fi, Cochlear, TWE and ASX. These are my kind of companies.
Away from last week’s reporters, here’s something for bargain hunters. Macquarie has reviewed the performance of slot machine games within Australia during June. Aristocrat Leisure (ALL) is significantly outperforming peers and its new “Mighty Coins” series is performing well at 1.8x floor average. FNArena says Aristocrat Leisure (ALL) (now at $31) has a target price of $34.65, an upside of 11.8%.
And this chart of JB Hi-Fi shows why ‘buying the dip’ has worked for this company.
Source: yahoo.finance.com
Being patient, waiting and buying when this company’s share price slips, has paid off in the past.
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