Our two “HOT” stocks today – BlueScope Steel (BSL) & Baby Bunting (BBN)

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Michael likes BlueScope Steel (BSL) and thinks it is defensively positioned around $11 and could surprise on growth again. “The full-year result confounded investor fears with a 17% increase in underlying profit,” he says.

“Initial market reactions suggest a focus on the headline drop of 35%, however, the comparison with last year is muddied by the one-off benefits that lifted the previous result,” he adds.

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