Share tips and stock recommendations for the Australian (ASX) share market – buy, hold, and sell. Michael Gable is an expert guest commentator for the stock market newsletter thebull.com.au.
This post is an extract from the newsletter dated 15 February 2021. You can access the full version of the article HERE.
To stay up to date with our best recommendations, sign up to an 8-week FREE TRIAL of our weekly client research.
PPS shares have trended very well since the March lows. Most recently we saw them break from a rectangular consolidation on the chart, retest it, and then continue higher. This charting formation is very bullish and it means that PPS shares are likely to head much higher from here.
Arisocrat continues to expand into digital gaming and the rest of their business is proving to be more resilient than expected. The shares have found some strong buying support recently and we believe that the share price will continue to trend higher from here.
Uniquely combining both Fundamental and Technical Analysis
Not yet a subscriber? Join now for FREE!
Receive our weekly tips and strategies into your inbox each week.
BONUS: Sign up now to download our 21 page Trading Guide.
Commodity stocks should do well in 2021, and support for the Aluminium price is translating into support for AWC shares. A recent pullback has resulted in some healthy buying to step back in at current levels and this should result in another rally higher over coming months.
Increasing demand for explosives and fertilizer has made IPL an interesting proposition down at these levels. We have seen some good buying support on the chart over the last few months and IPL has now established a sustainable uptrend. This should see the share price continue to edge higher from here.
This NZ based telco looks expensive for its very low levels of earnings growth. There is a risk here that increasing competition puts further downwards pressure on its earnings. This means that any future dividends could be more than offset by a decline in the value of the shares.
This infrastructure stock pays a good yield, but the share price is losing more than what investors gain in the dividend. With the broader economy recovering, there is more potential upside in cyclical stocks and this will be at the expense of low growth companies such as APA.
Michael Gable is managing director of Fairmont Equities.
Would you like us to call you when we have a great idea? Check out our services.
Disclaimer: The information in this article is general advice only. Read our full disclaimer HERE.
Like this article? Share it now on Facebook and Twitter!