Super Stock Selectors – Tabcorp and Macquarie

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This week, chief market strategist at CMC Markets, Michael McCarthy, is backing Platinum Asset Management (PTM).

“The stock sold down from above $8 to current levels around $6 on fears about earnings as funds under management (FUM) declined. The most recent date – May 2016 – shows FYM increased by 2.95% month-on-month.”

He says the estimated dividend yield and franking of around 9% looks appealing.

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