the banks have had a huge run so it may be buying at the high end now. I got a tip from my mate who is an analyst at CBA to buy ANZ just before the spring racing carnival and I’m on about 19%.
Lots of support for mining (eg. BHP). The economic recovery ahead will be reliant on this industry. Also discount buying at the moment due to current US COVID uncertainty which has momentarily dropped the price. It will come back strong and hard in the opinion of my CBA mate (and that of the broking houses). I bought up big. It represents about 30% of my portfolio now. Have a look into it. The big brokers have recent buy ratings on BHP with consensus price target at $40 +. I was also lucky to have got into BSL at about $15 not long ago
*apologies everyone for the cross thread
NXT Price at posting:
$12.08 Sentiment: None Disclosure: Held
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