Chart of the Week – Brambles Ltd (BXB)

The recent 8% pullback by the ASX has seen a number of high profile companies who delivered earnings beats in the last few months see all of their share price gains, and often more, wiped out by the weakness e.g. CAR Group (CAR), Super Retail Group (SUL), Nick Scali (NCK), and Brambles (BXB) illustrated below. When we look to increase risk towards the market these stocks are a good place to start looking, as operationally they have been kicking goals.

• We like BXB below $23 with the stock a candidate for our Growth Portfolios “Hitlist.”