Hot stocks – Seven West Media & AGL Energy

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CMC Market’s Michael McCarthy likes Seven West Media (SWM), noting that consumer stocks are finding greater support.

“The upswing in Nine Entertainment’s earnings at its last result is, in my view, at least partly systemic – and SWM could be the next beneficiary,” he says,

“At a PE of less than 10x SWM may be a useful speculative buy.”


Source: ASX

Gary Stone of Share Wealth Systems likes AGL Energy Limited (AGL) this week. This is what he has to say:

“The AGL share price rose above the $22.45 to $22.75 resistance zone last week. This price recovery looks set to continue after support has held at the $20.50 to $21 zone on at least 5 occasions during 2018.

 Expect some resistance around $23.60 but thereafter there is good chance that AGL could continue rising towards its next resistance zone at $25.60 to $26.”



McCarthy doesn’t like St Barbara Mines (SBM).

“The sub-sector has enjoyed a golden run. Hard to explain in the light of a falling gold price, although a lower Australian dollar does help,” he says.

He sees SBM’s record highs on record production as unsustainable.


Source: ASX

Stone says he’s not a fan of Ramsay Health Care Limited (RHC):

“Technically it appears that Ramsay’s share price has a bit further to fall, and if it does, it’s likely to remain subdued for some time.

The target price is around $50 which coincides with the lower support zone established between April and November 2014. This is also the 50% retracement zone of the five year strong uptrend from 2011 to 2016.”


Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.

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