CMC Markets’ Michael McCarthy likes Blackmores (BKL) this week.
“A disruption to export channels has crimped BKL’s outlook,” he says. “I see this as temporary, and relying on the quality of their product expect that buying below $125 will yield good longer term value.”
McCarthy wasn’t so keen on Qantas (QAN) and he believes shareholders should take advantage of current prices.
“This may be as good as it gets for Qantas, with the capital hungry nature of the industry a threat to the longer term outlook.”
Gary Stone from Share Wealth Systems like Retail Food Group (RFG) despite its big share price jump last week.
“It may take a breather or even retrace in the short-term, however, technically RFG’s share price should advance over the coming months to test its all-time high of $8.00,” he says.
However, he doesn’t like IPH Limited (IPH).
“The IPH share price has broken below a key support zone between $6.00 and $6.30. The next support zone below the current price of $5.66 is between $4.85 and $5.10.”
Raymond Chan from Morgans says he is a big fan of data and was an earlier supporter of NextDC (NXT), so this week he likes Megaport (MP1). “I have recently added positions in MP1, which has recently completed capital raising to fast-track growth.”
He doesn’t like IAG though, as results were below expectations.
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