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Wealth Within’s chief analyst and author, Dale Gillham’s hot stock tip for this week is The Lottery Corporation (ASX:TLC).
In this episode of his weekly HotCopper show, he explains how the stock has bounced off lows around $4.35 in November and December to close just above $5 yesterday. He provides his analysis as to why it could be a good bet.
He also discusses Network-as-a-Service solutions provider Megaport (ASX:MP1) and his reasons for rating it as ‘proceed with caution’.
His ‘not hot’ stock this week is fintech Block Inc (ASX:SQM), formerly Afterpay, which in October fell to about a third of the original $176.08 stock price. Shares plunged as low as $60.56 in October and have since recovered to above $100, but Mr Gillham predicts it could fall again to around $88.
Mr Gillham looks at the best performers for the past week, discussing how he filters companies using relative rotation graphs, seeking stocks that offer his ‘buy’ signals.
For more from Dale Gillham and senior investment analyst Janine Cox, you can also see the interactive Wealth Within TV live on YouTube every Tuesday at 7pm (AEDT).
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
While Wealth Within holds an Australian Financial Services License (AFSL:226347) the information featured in this program is general in nature and therefore should not be relied upon. Before making any investment decisions, you should consult a licensed professional who can advise whether your investment decisions are appropriate for you.
