And the good news keeps rolling in, thanks to Andrew Tang at Morgans.
Courtesy of that bastion of credibility, James Mickleboro from The Motley Fool -
Next week earnings season will kick off and, if February is anything to go by, it is likely to be a volatile period for many of Australia’s most popular shares.
Ahead of the event, analysts at Morgans have been picking out the shares that they believe will be the winners and losers this season.
*** But Morgans doesn’t expect all shares to perform as well as these. In fact, it has listed no less than 10 shares which it thinks investors ought to avoid next month.
Amongst the ten are the high flying CSL Limited (ASX: CSL), Nanosonics Ltd (ASX: NAN), and REA Group Limited (ASX: REA). Morgans may believe investors are expecting far too much from these companies next month based on the recent appreciation of their respective share prices.
Also on its avoid list are energy company AGL Energy Limited (ASX: AGL), struggling infant formula company Bellamy’s Australia Ltd (ASX: BAL)
Struggling???? WTF? My contempt for this report is shared between Morgans and The Fool - it being Mickleboro that has added the "struggling" description; Morgans just have reservations (subscribers only, but you can imagine the same old tropes about lack of SAMR have been rolled out...)). Does that chart to the right of this post look like a struggling stock? Yeah, nah.
Meh - I contend nowadays that TMF is best seen as contrarian advice, anyway - in which case I'm looking forward to the upcoming reporting from BAL!
DYOR - GLTAH
BAL Price at posting:
$10.23 Sentiment: Buy Disclosure: Held
