Sentiment has certainly turned positive on the healthcare sector recently and with healthcare the top performing sector on Wall St last night (CSL’s US listed stock up 2.64%) the locally listed stock is a pretty sure bet to surge past $300 on Monday.
It’s fair to say recent gains have been largely due to favourable exchange rate movements however since the ASX200 last peaked at 7592 on April 21 (almost 3 months ago) CSL has outperformed the market considerably.
Happy to stay overweight as a defensive play for the time being. With the froth completely blown off the market there is again proper scrutiny and analysis of the fundamentals - CSL stands up pretty well in that respect.
The weak $A has nearly got us to $300.....with sentiment now strongly favouring the sector a positive half year report in terms of results/announcements/forecasts could now see CSL kick well north of $300.
In terms of its relative attraction as an investment - the planets haven’t aligned like this for CSL in quite a few years.
Sentiment has certainly turned positive on the healthcare sector...
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Last
$285.29 |
Change
1.900(0.67%) |
Mkt cap ! $138.1B | |||
| Open | High | Low | Value | Volume |
| $286.24 | $286.95 | $283.70 | $138.5M | 483.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 79 | $285.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $285.40 | 112 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CSL (ASX) Chart |