Balanced Portfolio Recommendation: Trim Take Profit – CSL Ltd (CSL)
The CSL position that we put on initially is now 10% in the money. We are looking to trim 2% or 1/4 of our position to take a profit.
Sell
Balanced Portfolio Recommendation: Sell – Macquarie Group Ltd (MQG)
Macquarie Bank is set to announce earnings, consistently demonstrating a remarkable record of exceeding expectations. MQG is a cornerstone in our portfolios, showcasing reliable performance. We advise purchasing a 2%-4% allocation of MQG shares on Thursday, anticipating a potential gap-up at Friday’s market open, following the release of positive updates.
Alpha Portfolio Recommendation: Sell – ResMed Inc (RMD)
A positive surprise is anticipated in today’s quarterly earnings report, and historical reporting has been strong. Currently, the stock is undervalued, making it an opportune time to invest in this stock.
Alpha Portfolio Recommendation: Sell – XJO Call Mini-Warrants (XJOQOA)
Equity markets have all taken a beating with rise in Bond Yields. Oil dropped 5% overnight so this could help stall the bond rally, which would lead to a relief rally in equities. Use a trailing stop on this trade
Alpha Portfolio Recommendation: Sell- Paladin Energy Ltd (PDN)
General market risk-off, global bond yields have reach new multi-year high causing a sell off in risky assets.
Alpha Portfolio Recommendation: Take Profit – Paladin Energy Ltd (PDN)
A recent rally in the underlying Uranium price. The we have hit the recent highs for Paladin and recommend taking half our position off for a quick scalp.
Alpha Portfolio Recommendation: Sell- Stanmore Resources (SMR)
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, we hit our target exit price and took profit on the trade.
Balanced Portfolio Recommendation: Trim – Yancoal Australia Ltd (YAL)
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, We are generally bullish the energy sector and see SMR as a short term buy with a 10% trailing stop