1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Michael Gable from Fairmont Equities analyses the current bullish trends in US markets, noting the Nasdaq's record highs and the S&P 500's potential breakout. He observes the sideways trading pattern as a positive indication for growth in both indices.
Locally, Michael highlights the Commonwealth Bank of Australia (ASX:CBA) as a buying opportunity amidst its consistent uptrend, driven by index-tracking investments. He also sees potential in BHP (ASX:BHP), following a recent breakout and a stabilised US dollar, suggesting a rally for the mining giant.
In the commodities sector, Michael views recent gold price movements as a longer-term uptrend, recommending Northern Star (ASX:NST) as a buy. Additionally, Codan (ASX:CDN) presents a promising prospect with its recent breakout from a tight range, offering potential upside for investors.
