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November 8, 2017

Michael Gable on Switzer TV – 7 November 2017

Michael Gable chatted with Peter Switzer on Tuesday 7 November 2017 on Sky News Business, about the Australian market (S&P/ASX 200) pushing through 6000 and shares his charts on BHP (ASX:BHP), National Australia Bank (ASX:NAB), and Woodside (ASX:WPL). Click the image below to view the video on SwitzerDaily:   Michael Gable is managing director of Fairmont Equities. Sign up to
November 1, 2017

Michael Gable on Switzer TV – 30 October 2017

Michael Gable chatted with Peter Switzer on Monday 30 October 2017, about the likelihood of the Australian market pushing through 6000 and other stock opportunities. Click the image below to view the video on Switzer Daily:     Michael Gable is managing director of Fairmont Equities. Sign up to our newsletter. It comes out every week and its free! You
October 26, 2017

The challenges and opportunities for Pact Group

Pact Group Holdings (PGH) is a provider of consumer and industrial packaging solutions in Australasia and Asia. The Company operates across seven countries and is the largest supplier of rigid plastics packaging in Australia and NZ, with an estimated 40% market share. PGH specialises in the manufacture and supply of: rigid plastic and metal packaging; materials handling solutions and recycling
October 25, 2017

An update on the chart for BHP

Brokers are once again bullish on BHP (ASX: BHP), despite the shares underperforming the market during the last couple of weeks. Twelve-month targets average near the $30 mark, suggesting some decent upside from here. However, do we need to be worried about BHP’s recent underperformance? What do the charts say about BHP? Is $30 a realistic target, or are we
October 18, 2017

Proposed changes to Private Health Insurance: Impact on NIB

The Federal Government recently proposed changes to private health insurance, which is expected to result in up to $1 billion of claims savings over the first four years of operation. This is mainly through a reduction in prices paid for medical devices and prosthesis. The measures are designed to simplify and homogenise the products across providers. It will also allow
October 16, 2017

The relationship between bonds, interest rates, and stocks

What are bonds? When you purchase shares, you are essential purchasing a part ownership in a company. Bonds on the other hand are debt obligations. A buyer of a bond is a lender, they are lending their money to a company or government in exchange for interest payments. A buyer of a $1,000 bond with a coupon of 5 percent
October 11, 2017

Determining an investment opportunity with Mirvac

After reporting well in August, Mirvac (MGR) is now trading near multi-year highs. Do the fundamentals stack up at these pricing levels, and what are the charts suggesting for an entry level? The fundamental viewpoint Mirvac’s EPS growth guidance of 6-8% for FY18 implies another year of strong EPS growth. While there are market concerns around a weaker level of
October 3, 2017

Get ready to buy the dip in Santos

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
September 27, 2017

Xero is about to rally even higher

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
September 20, 2017

Transurban (TCL) chart to take the scenic route

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
September 13, 2017

At what level does Harvey Norman become a buy?

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
September 6, 2017

Qantas to lower the landing gear?

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
August 30, 2017

Macquarie Group shares to slide further

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
August 23, 2017

How the IAG chart gave us clues to avoid it

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
August 1, 2017

Too late to buy FMG? Not according to the chart

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