Sandstone Insights: navigating market dynamics with CSL, Temple & Webster, and Goodman Group
Sandstone Insights' Best Ideas explores the latest market insights on CSL's growth potential, Temple & Webster's retail momentum, and a strategic switch from Woolworths to Goodman Group.
This video was recorded by Sandstone Insights on 10 December, 2024.
In the latest episode of Sandstone Insights' Best Ideas, investment strategist John Lockton and John Meagher discuss potential investment opportunities with two stocks as 'buy' opportunities and one 'switch' idea.
Key stocks to watch
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CSL (ASX:CSL)
CSL faces market volatility due to vaccine distribution concerns but remains strong in its blood plasma business. New contracts support steady vaccine pricing. February's earnings could boost recovery, with mid-double-digit growth expected over two years, offering traders an opportunity.
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Temple & Webster (ASX:TPW)
Temple & Webster is promising in online home furnishings, where Australia lags behind the United States (US) and United Kingdom (UK). Underperformance suggests catch-up potential, especially after strong Black Friday sales. Anticipated sales growth presents an attractive entry point.
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Woolworths (ASX:WOW) and Goodman Group (ASX:GMG)
Switching from Woolworths to Goodman Group is suggested. Woolworths struggles with a 20% decline and margin pressures. Goodman shows strong momentum, driven by its data centre pipeline, offering better alignment with market gains in the coming months.
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