Consumer Staples Sector – SWITCH Elders ELD:ASX to Treasury Wine Estates TWE:ASX
SWITCH Elders ELD:ASX to Treasury Wine Estates TWE:ASX
ELD
Balanced Portfolio Recommendation: Take Profit 4% Woolworth Group Ltd (WOW)
We advise selling 4% of our portfolio allocation in Woolworths Group Ltd (WOW). The stock has provided an 11% profit, rising from our entry at $30.8 to an exit at $34.2. Given the recent challenges faced by the company, including operational issues and potential management changes, there is uncertainty surrounding the upcoming earnings release. These factors could lead to a revaluation of the stock, making it a prudent time to lock in profits and reduce exposure.
Balanced Portfolio Recommendation: S&P500 Short ETF (Hedge)
Poor economic data out of the US has started to pile up along with soured sentiment on the Mega-Cap stocks and the AI thematic. We are recommending a 5% allocation to a portfolio protection tool or “short hedge” to buffer the damage from any downside move
Balanced Portfolio Recommendation: Take Profit 4% Elders Limited (ELD)
We are taking profit on Elders Limited (ELD) by selling our entire 4% allocation. Purchased at $7.60 and now selling at around $9.15, we realize a 20.3% capital gain. Additionally, we received a $0.18 dividend per share, which provides a 2.36% yield. In total, this equates to a 22.66% profit on our investment.
Balanced Portfolio Recommendation: Switch 2% Elders (ELD) to Nufarm (NUF)
We recommend reallocating 2% of our portfolio from Elders (ELD) to Nufarm (GNC). This decision is based on the realization of a 9.2% profit in Elders and the assessment that Nufarm is currently undervalued, as supported by its recent earnings report and market conditions.
Balanced Portfolio Recommendations: ADD Elders (ELD)
We recommend to add into the weakness due to improving agricultural conditions
Balanced Portfolio Recommendation: Switch 1.5% Duxton Water (D2O) to Elders Limited (ELD)
The emergence of La Niña will bring wetter conditions to country Australia
Balanced Portfolio Recommendation: Trim Take Profit – Elders (ELD)
For our trading strategy, we’re adjusting our position in Elders Limited (ELD) by reducing our allocation by 1% due to its recent impressive performance. Despite this adjustment, we will maintain a 2% allocation in ELD, recognizing the stock’s strong momentum. Additionally, the significant rainfall recently suggests the potential for continued positive performance, justifying our decision to retain a substantial investment in the company.