Join our daily newsletter At The Bell to receive exclusive market insights
Metals recycler Sims Ltd (ASX:SGM) is Dale Gillham’s ‘Hot Stock’ on the HotCopper Wealth Within show today.
Sims attained 313% over 108 weeks from 2020. It’s fallen for more than 120 weeks now, but not by that much.
Dale Gillham said if Sims breaks through the $11.35 mark, it might be a ‘buy’.
“I like this stock at the moment,” Mr Gillham said.
“But remember it’ll be slightly higher risk because of such big fall, but I don’t think it’s too bad at the moment, and, as long as you have you stop loss on it, you’ll be doing ok.”
Sims has been down nearly 1.7% today, closing at $10.47.
Milking it with caution
The ‘Proceed with Caution’ stock is The A2 Milk Company (ASX:A2M) which closed up nearly 1.3% at $5.60.
Pizza’s on the nose
But the ‘Not Hot’ stock is Domino’s Pizza Enterprises (ASX:DMP) again!
Dale Gillham predicts it could drop 90% from its peak in 2022 at above $167. Today it closed at $29.34 and he says it’s ‘heading south’.
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.au
Disclaimer: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.
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.
