WBC almost shot the lights out yesterday and we feel the stock can ultimately rally much higher in 2021 but obviously a 58c fully franked dividend being paid on the 13th will slow down the appreciation short-term. Ultimately WBC is likely to have another ~$4 pullback but it could be from much higher levels, even after yesterdays pop we like the stock and especially for yield hungry investors.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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MM is bullish WBC
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