My “HOT” stock – I like Macquarie Group (MQG)

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Michael likes Macquarie Group (MQG). “A new pivot for MQG towards renewables could provide the next valuation leg-up,” he says.

“Its share price is stabilised and now rising.

“MQG may also benefit from its agile structure, as the Big 4 banks focus on regulatory issues,” he adds.



However APA Group (APA) is on Michael’s dislike list. “APA’s pipeline owner is trading on a P/E ratio higher than 35 times,” he says.

“Despite its near monopoly and good longer-term growth prospects, its share price failed repeatedly around $11.25.

“I suspect a pullback towards $10 is on the cards,” he adds.

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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