IAG held up well yesterday in the face of sector weakness, the technical picture looks great to us for the insurer targeting a break of $6 after trading sideways for the last year. When combined with an earnings report void of any nasty surprises earlier in the month and forecasted 4.5% yield over the next year MM remains happy with our recent move into IAG.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM remains long & bullish IAG
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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