Running with the market RICHARD WEBB January 17, 2010 Shares have soared 55 per cent since March, but experts say there's loads more to come.
THE resource giants, mining and engineering services companies, retailers, financials and internet-related stocks are some of the places to be to take advantage of what is expected to be a solid year on the sharemarket, stock experts say. Macquarie Equities associate director Lucinda Chan says the outlook is positive for offshore economies so companies such as BHP and Rio with big overseas exposure are poised to do particularly well.
"It's our view that Australia is travelling well and that we will get about 15 to 20 per cent out of the Australian sharemarket," she says. "But at Macquarie we believe that overseas markets will do better and we will get 20 to 25 per cent as overseas economies improve."
Ms Chan says Woodside is another to look at with the oil price continuing to climb. She also likes engineering companies that service the resource majors such as Transfield Services
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***** Boart Longyear *****
Read the whole article here: http://www.theage.com.au/business/running-with-the-market-20100116-mdez.html
BLY Price at posting:
$3.85 Sentiment: ST Buy Disclosure: Held
