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.
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Sentiment has certainly turned positive on the healthcare sector...
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Last
$311.28 |
Change
3.230(1.05%) |
Mkt cap ! $150.7B |
Open | High | Low | Value | Volume |
$310.00 | $312.47 | $310.00 | $34.27M | 110.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30 | $311.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$311.30 | 38 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 200 | 311.280 |
2 | 67 | 311.270 |
2 | 22 | 311.260 |
1 | 7 | 311.250 |
1 | 7 | 311.240 |
Price($) | Vol. | No. |
---|---|---|
311.380 | 18 | 2 |
311.390 | 102 | 6 |
311.400 | 12 | 1 |
311.430 | 31 | 2 |
311.440 | 7 | 1 |
Last trade - 11.38am 29/07/2024 (20 minute delay) ? |
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CSL (ASX) Chart |