This week, Michael McCarthy of CMC Markets likes the Australian testing services provider, ALS Limited (ALQ).
“The [company] reported in line and affirmed market estimates for the coming year,” he says.
“In my view, its environmental and food testing services sustain the current share price, and its mineral testing services provide a potential kicker.”
ALS shares are currently trading at levels around $5.30.
ALS Limited (ALQ)
Source: Yahoo!7 Finance
In the bad books for McCarthy is supermarket heavyweight Woolworths (WOW). He says no news is bad news for shareholders, and contradictory reports on the failed Master’s deal could be interpreted by the market as a failure of the new management team.
“Conflicting reports from either side of the failed Master’s deal may be interpreted as the new management team still failing to “get it”” says McCarthy.
Gary Stone of Share Wealth Systems likes what he’s seeing in the share price trend of Coca-Cola Amatil (CCL).
“The share price rose above its fairly strong resistance zone of $9.40 to $9.60 two weeks ago,” he says.
“The price breakout is persisting during a weak overall market period, indicating the strength of the price breakout.”
Coca-Cola Amatil (CCL)
Source: Yahoo!7 Finance
Shares in Coca-Cola are at levels around $9.80.
In the dislikes list for Stone this week is AGL Energy (AGL). After falling below two support levels, he says AGL’s share price is approaching a third support zone between $16.95 and $17.20.
“With such negative price action, it is unlikely that the AGL share price will recover quickly in the short to medium-term,” he says.
AGL Energy (AGL)
Source: Yahoo!7 Finance
And for the second week running, Raymond Chan of Morgans has placed Ardent Leisure Group (AAD) in his likes list, while Regis Healthcare (REG) remains in the bad books on the back of regulatory uncertainty.
Regis Healthcare (REG)
Source: Yahoo!7 Finance
Our Super Stock Selectors is a survey of prominent analysts, brokers and fund managers. Each week we ask them to name a stock they like, and one they don’t like. We purposely ask for ‘likes’ and ‘dislikes’ instead of recommendations, so it provides an idea of what the market is looking at, rather than firm buys or sells.
Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.
