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Six dogs, five compounders and nine charts
Hi there!
A short one this week, with our ASX workbook and the best of Livewire.
Let's dive in.
Investor sentiment survey
Bears jumped to 41.1% or a -12.4 percentage point spread, marking a sharp swing back to pessimism that erases the mild optimism of the prior five weeks.
Largest single-week deterioration since the 7 Jun
Bearishness at 41.1% is now in the 87th percentile
Neutral shifted from 34.2% to 30.2%, which means the shift was mostly bulls converting straight to bears
Over the next three months, do you expect the Australian stock market to be:
Bullish
Neutral
Bearish
The best of Livewire
Here are some of this week's best reads from our friends over at Livewire.
Buy Hold Sell: 6 ASX stocks in the doghouse: WiseTech is a sell on structural pressures, while Xero , CSL and TWE all touted as sells. Guest picks were CAR Group and Amcor.
Why WAM Active is going for gold and still backing miners: Zip was recently added, gold is being bought back after trimming in Feb-Mar, and the portfolio remains overweight copper and rare earths.
9 key charts for investors amid oil and AI worries: AMP's Shane Oliver stays upbeat over the medium-term but sees high near-term correction risk with Hormuz shut and 12-13 mbd of oil at risk. Kospi's 28% fall is his AI warning light.
5 ASX and global companies to hold for the next 10 years: Fundies back IHG, Catapult, Auckland Airport and Breville as quality compounders, with Nanosonics a watch.