Fidelity’s Kate Howitt explains why it could be time to take profits on certain lithium stocks, avoiding IPOs, and M&A in the media sector.
, a round of profit-taking wouldn’t go astray, especially as operations based in Western Australia risk a double whammy of weakening commodity prices and higher COVID-related costs.We like BHP’s commodity positioning, its proactive approach to securing social license to operate and its strong cash flows – but there’s no denying the stock will be pulled around by perceptions of China’s economic outlook and by commodity price swings.
Fortunately, the Aussie market hosts a number of other global winners such as CSL, Macquarie Group and Goodman Group, so with some judicious diversification you can benefit from the upside whilst smoothing out the downside.Unlike most small mining stocks, there’s not much enthusiasm built into the share price of Nickel Mines.
The company’s latest quarterly showed a great outcome on both production and margins; a few more quarterlies like that the risk discount in the shares will be squeezed out.P/ASX 200, so only Aussie stocks are on the menu for me. Looking further afield, in today’s environment it’s hard to find a stock that’s better positioned than Cheniere Energy Inc.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With falling real incomes and rising prices many people don’t believe the story of prosperity Scott Morrison is preaching | Richard DennissAustralians facing rising interest rates and rising average tax rates have little to celebrate
Read more »
Variable rates versus fixed rates with interest rates on the rise | 7NEWSManaging your mortgage with interest rates on the rise, its variable rates versus fixed rates. There are good arguments for each but making the right decision could save you up to $15,000 over 2 years. InterestRates 7NEWS
Read more »
Why banks want higher interest rates (and it’s not what you think)Interest rates are finally going up after 10 years, so it is time for a refresher on what makes banks decide to pass on rates to customers and how exactly they boost their profit margins.
Read more »
Borrowers could still save despite RBA rate rise - realestate.com.auExperts say there are a few things you should know about the RBA rate rise – that could come as a pleasant surprise.
Read more »
Best ever status and another title: Why the stakes have never been higher for Alex VolkanovskiThere will be more than just a UFC belt on the line when Alex Volkanovski completes his trilogy with Max Holloway — if he wins, the Australian can call himself the best featherweight in MMA history.
Read more »
It now takes more than a decade to save a home depositNationally, the median dwelling value is 8.5 times the median household income, a record high and up from 6.8 since the pandemic. But across regional Australia, the ratio is 7.9 times, up from 5.9 pre-pandemic. | Elizabeth Redman Domaincomau
Read more »