Australian Investment Blog

Yesterday, we looked at the worst 5 stocks in the ASX200 for the last financial year, today it’s the next worst 5 with 2 noticeably stocks coming from the battered mining services sector and one from retail. Not surprisingly, a boring bunch of stocks but one good risk reward opportunity may arise if we get accelerated selling into financial year end.

WorleyParsons (WOR) -12.4%: Technically remains bearish and is in a sector that is likely to continue with tough times.

Iluka Resources (ILU) -12.3%: A serial underperformer still looks technically bearish with my preferred scenario is another 10% lower.

Myer Holdings (MYR) -10.1%: I am neutral MYR here but not a fan of the stock or sector at present.