With Brexit and the messy Federal Election adding to these uncertain times, many of our stock selectors remain on the sidelines.
Morgans’ Raymond Chan says that in times of uncertainty, Transurban Group can provide investors with predictable yield.
His least preferred bank among the big four is ANZ.
He cites “regulatory uncertainty on capital requirements” as the reason for placing this bank on his dislikes list.
Michael McCarthy of CMC Markets likes UK-exposed Australian wealth manager, BT Investment Management.
In his opinion, the Brexit sell off has been overdone and has presented a buying opportunity.
“[BT Investment Management] trading at a historical valuation – an opportunity to add to the portfolio,” he says.
Switzer Super Report expert Tony Featherstone also said speculators may consider capitalising on BT’s recent price falls, while “long-term portfolio investors should watch and wait for better value.”
On his dislikes list, McCarthy says CIMIC Group’s overall conditions are subdued, with “razor-thin” margins.
“Take advantage of what may be temporary price strength,” he says.
And today, chartist Gary Stone explains that he’s interested in biotech company CSL for its “ongoing indications of strength.”
Woolworths’ continual downtrend has earned it a place on Stone’s dislikes list.
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