Super Stock Selectors – Oil Search and Rio Tinto

Editorial director of Switzer Super Report and Switzer Daily
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Out of all the banks, IG markets’ Evan Lucas likes the National Australia Bank (NAB). Lucas remains of the view that the banks will be the ones doing the heavy lifting but notes that with the sale of its UK banking business, NAB should improve its asset quality.

“We think its earnings report in a few weeks may give it a fundamental reason to leg up on ANZ (ANZ) and start to really hone in on the Commonwealth Bank of Australia (CBA) and Westpac (WBC),” Lucas says.

While Lucas is not as bearish on BHP Billiton (BHP) as he was a year ago, he says now is the right time for some profit taking in the stock.

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