Share tips – 22 March 2021

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

This post is an extract from the newsletter dated 22 March 2021. You can access the full version of the article HERE.

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Buy Recommendations


Travel stocks are back in the spotlight after the Federal government announced discounted airfares to help the travel industry. Webjet is a beneficiary of that, and we have liked the way the shares were trading before this announcement. They should continue to head higher from here.


This rare earths company is the largest producer outside of China and demand for their products continues to increase, especially from the US government. The stock trend is very sustainable and any dips in the LYC share price is a buying opportunity.

Hold Recommendations


Ever since MQG upgraded their earnings guidance in February, the shares have held up particularly well, despite a weak market overall. MQG shares recently broke out to new highs and this has drawn in even more buying support. This should see the share price continue to trend higher from here.


Soft commodity prices continue to improve and we expect this momentum to continue. This should lead to further upgrades to earnings estimates for global fertiliser and explosives provider, IPL. This in turn should lead to further buying support for its share price.

Sell Recommendations


The chart of OFX shares continue to look weak and we see little support at current levels. Earnings growth is also under pressure and the outlook for the business continues to be uncertain.


MTS shares recently traded at a new high, but it was quickly sold off on the back of a poorly received trading update. This has caused the chart to look a lot more bearish and we expect there to be more follow-through on the downside.


Michael Gable is managing director of Fairmont Equities.


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