Australian Stock Report - Share Tips
Share to buy - Macquarie Group (MQG)
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Publish date: Mon, 27 Apr 2015, 04:15 PM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
Activity trends for MQG were positive in the recent quarter and the group should benefit from a medium-term positive earnings upgrade cycle.
Optimism about MQG's upcoming results has been gaining momentum of late, with the investment bank likely to benefit from further growth in FUM, volatility in financial markets and a lower AUDUSD.
MQG will report full-year earnings on May 8, with consensus estimates suggesting net profit will come in at $1.51 billion.
We wanted to position ourselves appropriately ahead of the announcement, hence our recent buy recommendation.
The technical evidence is also strong, with a strong uptrend in place coupled with a recent retest and confirmation of a key round number – $80 - as support.
With everything lining up fundamentally and technically, we wouldn't be surprised to see a move towards $90.
The post Share to buy – Macquarie Group (MQG) appeared first on The Best Shares to Buy.
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