3 Three stocks we like into weakness.
Three stocks we like into weakness
1 Whitehaven Coal (ASX: WHC) $4.56 Coal miner WHC is in the materials sector that we like moving into 2019 assuming the $US falls plus the stock is yielding almost 6% not including the special dividend that the company returned to shareholders in August. Technically MM likes WHC around 4-5% lower Whitehaven Coal (WHC) Chart
2 ResMed (ASX: RMD) $14.08
Sleep device business RMD has now corrected around 12% from its recent high, significantly outperforming the likes of CSL Ltd (ASX: CSL) and Cochlear (ASX: COH).
We like the business and have had the stock on our radar for months but its simply been too expensive.
MM likes RMD under $13, around 8% lower.
ResMed (RMD) Chart
3 Star Entertainment (ASX: SGR) $4.43
We sold the casino operator SGR for the Growth Portfolio, as it rallied towards $6, back in July 2017, and have sat back believing there was a strong possibility of re-entering close to $4 – the time is nigh.
MM is looking to buy SGR ~4-5% lower.
Star Entertainment (SGR) Chart
