We have focused on heavyweight CBA this morning as it doesn’t report or pay a dividend this month which in our opinion makes it an excellent indicator for the underlying sector as opposed to individual names like NAB which will be driven by their latest reports and subsequent dividends.
- We believe there’s a strong possibility that CBA will break below $90 in the coming months confirming we are in no hurry to increase our banking exposure.
MM now likes CBA 8-10% lower
Add To Hit List
