Hot stocks – Caltex and Chinese insurance

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In this week’s likes and dislikes are a Chinese insurance firm and a major petroleum company.

Michael McCarthy of CMC Markets likes South32 this week, which he believes is an unconventional commodity portfolio.

“While the share price has lifted, a recent sell down means the shares don’t reflect the big uplift in coal prices. Buying S32 won’t make you popular with environmentalists, but it may help round out a commodity portfolio” said McCarthy.

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