My Hot Stock – Pinnacle Investment Group

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CMC Markets analyst, Michael McCarthy, likes Pinnacle Investment group (PNI). “This diversified advisory and wealth management business may be a beneficiary of the Royal Commission fall out, especially if it can successfully divest its funds management business,” he says. “The growth outlook in the advisory business may be the key,” he adds.

Source: Google


Michael doesn’t like Atlas Arteria (ALX). “This management company /toll road operator is trading near all-time highs, as central banks took their foot off the interest rate pedal,” he says.

“I think the data driving this is a soft patch of data, and sentiment is likely to swing back to a more growth-oriented view. This could see steady earners/interest rate sensitive stocks shunned, hurting ALX’s share price,” he adds.

Source: Google


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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