MM tackles BLD, HLS, CSR
“Hi MM Team Heading into reporting season can I have your view of the following: Boral (BLD), Healius (HLS) and CSR (CSR). Do you still see upside? regards Debbie G.
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Answer
Morning Debbie,
We are bullish but expecting elevated volatility through 2021 and especially on the stock level in the coming weeks as reporting season kicks into gear. Undoubtedly some of our holdings will deliver in the remaining of the month but a couple will probably disappoint, it’s the nature of the market. However, we rarely take a profit / loss on a position before reporting around concerns about the pending news, as we often say surprises usually happen with the trend hence if stocks trading higher and the reason we bought originally is still relevant we will hold the position, or in other words pending reports rarely influence whether we buy or sell – not fool proof but nothing is.
All 3 stocks you’ve mentioned look remarkably similar and constructive on both the technical and fundamental level.
MM likes BLD, HLS and CSR
