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Hot stock – Costa Group (CGC)

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CMC Markets’  Chief Market Strategist, Michael McCarthy likes Costa Group (CGC). “After a profit warning last week the food group’s shares plummeted almost 40%. Many analyst have pointed to the cyclical nature of their business and the potential for a quick earnings recovery. In my view, the sell down is overdone and a share price around $4.70 is worth examining,” he says.