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.
- The information provided by Sandstone Insights does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
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