HomeCo Daily Needs REIT tops the stock picks this week

HomeCo Daily Needs REIT (ASX:HDN) is Wealth Within’s HotCopper Hot Stock Tip this week.

It’s a stock that hasn’t been on the ASX too long and in this episode, Wealth Within’s Filip Tortevski and Dale Gillham discuss why they deem the $2.6 billion market cap, metro property REIT has upside potential.

Since an all-time low in October, there’ve been five months of gains for HDN. It was up about 2 per cent at close yesterday, at $1.28.

Filip Tortevski said the ‘Proceed with Caution’ stock was gold miner Evolution Mining (ASX:EVN) ‘in a positive sense’. The ‘Not Hot’ stock was packaging manufacturer and visual communications play, Orora Ltd (ASX:ORA).

Filip and Dale also discuss the overall ASX market momentum.

“Right now, it’s super bullish, it’s holding that 7800, wants to keep going higher,” Filip Tortevski said.

“If the market can show more strength this week, I’d be thinking more that the market’s got more upside in it, but if it starts to fall away…”

“Half of me’s thinking it should be going down,” Dale Gillham said.

Wealth Within’s live show is tonight at 7pm AEST on YouTube.

Questions can be submitted ahead of the programme, the details are at the end of this segment.

Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.a

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