Stock of the day: Macquarie Group
Macquarie Group and Northern Star are top picks for resilient returns amid market volatility, highlighting their investment advantages and gold's role as a safe haven.
(AI video summary)
This video was created on 7 April for IG audiences by ausbiz.
Stock picks for market meltdowns
Market meltdowns can be daunting for traders, but they also present opportunities to buy high-quality stocks at attractive prices. In times of volatitlity, selecting the right stocks is crucial for long-term success. Here are the two stocks that stand out during such periods:
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Macquarie Group (ASX:MQG)
Macquarie is a robust financial institution known for its solid business model. For those considering entry points, a share price under $180 is historically favourable. This strategy allows investors to capitalise on market dips, potentially leading to substantial gains when the market rebounds.
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Northern Star Resources (ASX:NST)
In uncertain economic climates, gold often serves as a safe haven. Northern Star Resources, a leading gold mining company, is an excellent choice for traders looking to hedge against market volatility. With strong gold prices in Australian dollar (AUD) terms, Northern Star generates significant cash flow, making it a compelling option for portfolio diversification.
Strategic investment approaches in volatile markets
Rather than investing all at once, consider spreading investments over time to mitigate risk. This method, known as dollar-cost averaging (DCA), allows traders to benefit from lower prices while maintaining flexibility. By focusing on high-quality stocks like Macquarie and Northern Star, traders can position themselves for market recoveries, setting the stage for long-term financial growth.
News and trade ideas
Gold
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Stock of the day: Macquarie Group
Macquarie Group and Northern Star are top picks for resilient returns amid market volatility, highlighting their investment advantages and gold's role...Shares -
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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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