Sentiment towards Santos has improved a great deal recently. The company has reduced costs and the price of oil seems to have stabilised for now. The interim update in August even managed to beat expectations. We looked at Santos a couple of times in the last few months, noting the bullish nature of the chart. The rally in the last few weeks further confirms our view. It now becomes clear that the stock has much more upside from here and …
Xero (XRO) is a chart that we have followed a few times this year and the stock continues to climb. Price action is once again indicating that there from current levels, we should expect even more upside for Xero. It first came to our attention in April when it finally broke through resistance in the mid $19’s. This breakout was on high volume. This means that the stock was likely to go on a run. And go for a run …
There’s a lot to like about Transurban (TCL), but not the way that has traded in the last few days. This begs the question that, despite all the pundits loving it, do we buy it at $12, or can we get it closer to $10? Imagine that, grabbing TCL when it is trading near $10 with a yield of over 5 per cent. Most of the major broking houses believe TCL to have more upside from here. As recently as …
Retail stock prices have made some large moves during the last few months. We traded the recent bounce in JB Hi-Fi but have since moved on. Harvey Norman (HVN) is the other large retailer that attracts plenty of interest amongst investors. At the end of August, Harvey Norman announced their full year results. NPAT was up a staggering 29 per cent to over $448m – a record breaking result for the company. However, the shares closed down 7.5 per cent …
It can be tough to invest in an airline. Australian airlines have to fight competition from overseas airlines (which are often owned by governments with deep pockets), fluctuating fuel prices and currencies, workers unions, and changing consumer demand. However, recent cost cutting and more attractive fuel prices, amongst other things, has seen the share price of Qantas (QAN) do remarkably well. Qantas has had a stellar run in the last few years, heading from $1, up towards $6. Across late …