Stock Analysis

Macquarie Group shares to slide further

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After peaking in early May on the day of their results, Macquarie Group was then heavily sold down (circled). This price action on the shares clearly suggests that the all the upside was factored in. And therefore means that the stock was too expensive. Since then, it has been struggling and we can see some lower highs and lower lows starting to set it. Looking at the chart, we think that investors should brace themselves for some more downside. Currently …

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How the IAG chart gave us clues to avoid it

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IAG reported today and the share price tumbled. At one stage it was down 10%. In our weekly research that we send to clients, we warned a week earlier that there was something wrong with the IAG chart. The chart was giving us clues that the market did not like the stock. We had recently warned of upcoming weakness in Suncorp and QBE, and those concerns played out. With IAG also getting sold down heavily, how did we identify the …

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Too late to buy FMG? Not according to the chart

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The last several weeks has seen Fortescue (FMG) bounce strongly from nearly $4.50 to over $5.80. Some analysts are getting nervous with the iron ore price up here, but is there even more upside for FMG? We have seen some huge moves in the price of iron ore during the last 12 months. Measured in $US/tonne, we’ve seen it rally from under $50 to over $80 earlier this year. It dropped back to the low $50’s in May and is …

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A brief analysis of Nufarm as an opportunity

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The following is a small extract taken from a research report sent to our clients on 11 July 2017. Nufarm (NUF) is a Melbourne-based crop protection and specialist seeds companies. The Company produces products to help farmers protect their crops against damage caused by weeds, pests and disease. The Company’s sales are exposed to demand from the agricultural sector of the respective economies in which it operates, as well as weather conditions, which can create year-to-year volatility in sales. This …

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Will You Have Enough to Retire and How Shares Can Get You There

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Statistics show that three in five Australians feel they do not have enough money to retire. This mortgage choice survey also identified that 54 per cent of Australians start planning for retirement when they are over 50 years old. These are alarming figures if you want to retire on a comfortable level. Below is a guideline set by the ASFA (Association of Super Funds of Australia) outlining annual costs involved for a modest and comfortable retirement. The below table assumes …

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