Australian Investment Blog

5 Moves We’re Considering Seriously As We Approach the End of a Tough Financial Year for Stocks As you all know, we remain bullish US equities, targeting fresh all-time highs with a likely 5-10% further upside. If this view (illustrated below)is correct, there remains some opportunities for buyers with good stock selection and entry levels. The US Memorial Day weekend is basically upon us and not surprisingly, markets have gone quiet, but it's time to be on alert as markets often experience large moves at the start of the month and June starts next Wednesday. We have been asked to clarify our anticipated investing moves during June so here are 5 plans currently on our radar at this moment in time. S&P500 Monthly Chart Primary Health (PRY) Monthly Chart We are bullish PRY, targeting the $5 area. Normally we would simply allocate 5-10% into the stock, with a $3.20 stop. However, PRY is down over 28% over the last 12 months, making it an ideal candidate for tax loss selling in June, hence we are being patient at present and hopefully not too clever! Spotless Group (SPO) Weekly Chart SPO, the cleaning and catering company, has experienced a simply awful year falling over 50% in the last 12 months. We are considering an aggressive, but small position if the stock is crunched down towards 80c in June. QBE Insurance (QBE) Monthly Chart QBE has been a "landmine" stock more than once over recent years, but technically we like the stock at present, with stops under $11.
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