Australia’s main telco Telstra (TLS) enjoyed a strong session yesterday rallying almost 3% on a day when over 65% of stocks declined. We like the risk / reward with TLS which fits our defensive preference over the coming months, our target is 15-20% higher. We’ve been long in our Income Portfolio for the last 10-months which is working nicely but its now tempting as short-term “active” play in our Growth Portfolio.
MM is bullish TLS
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