The retailers are coming back into favour which could just be some EOFY book squaring or a more meaningful pivot that bond yields are peaking. Today ARB has the added tailwind this month that tradies are speccing up their Utes ahead of June 30th.
- We are bullish towards ARB initially looking for a test of $21, but more likely well above $25.
Trade Idea: Buy ARB Corp Ltd (ARB) at $19.65 with stops at $18.05, around 8% risk
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