Sean Conlanlan CC Equities s BUY

Amcor (AMC)

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Amcor offers a stable and highly diversified earnings stream that appeals to investors looking for defensive exposure. REA Group (REA)

REA reported a strong first-half result with underlying net profit of $220.5m, up 28 per cent. Third-quarter trading implies REA’s growth is on pace to outperform Domain again.

HOLD Imdex (IMD)

We see a solid outlook for revenue and earnings growth, although IMD will need to cycle record operating results, with a backdrop of tightening rig availability. Commonwealth Bank (CBA)

CBA reported a first-half FY22 cash net profit of $4.75bn. A fully franked interim dividend of $1.75 per share was declared.

SELL Graincorp (GNC)

Record east coast grain crops at a time of record international trading margins are creating a material tailwind for GNC earnings. However, when crop sizes normalise, these factors will dissipate and likely result in earnings more than halving. Nanosonics (NAN)

NAN announced the revision of its sales model in North America where GE Healthcare will effectively cease to be its major distributor.