Morning Report Tuesday 24 June 2014
**Kathmandu Holdings (KMD) downgrades its earnings forecast down 10-15% below FY13 earnings. Another retail disappointment.**
Please see our Market Matters Market Update Video
The five worst stocks of the last yearWith financial year end looming, people always start talking about tax loss selling. This characteristic can throw up opportunities as investors sell their biggest losers to offset profits realised elsewhere. In a market that has rallied almost 17% in 12 months, there are profits around this year, hence I am looking at the worst 10 stocks in the ASX200 over the last 12 months; the worst five today and next five tomorrow. The ideal scenario is we identify a stock that is “totally beaten up” which may get oversold in the coming week, with tax loss selling into good fundamental and technical value levels.
Show more...
