Mark Goulopoulosos Cumulus Wealth
BUY BHP Group (BHP)
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Moves from “hold” to “buy” due to excessive price weakness. Even after accounting for the material price decline for iron ore, the long-term outlook is robust.
Regis Resources (RRL)
Regis has a strong balance sheet, restructured hedge book and solid medium-term production growth profile. An undervalued Australian gold producer.
HOLD NextDC (NXT)
A material sale from the managing director has unsettled the market. The long-term growth outlook remains attractive. However, it may pay to wait for a better entry.
AusNet Services (AST)
With two bidders now competing to take over the company, shareholders should wait to see how the battle plays out over coming weeks.
SELL Megaport (MP1)
Year-on-year revenue growth rates are slowing and the company is yet to generate a profit. Appears very expensive.
Novonix (NVX)
A market darling in the battery space, it appears a lot of growth has been priced in, which makes the stock vulnerable to any negative setbacks.