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Wealth Within senior analyst Fil Tortevski and analyst Pedro Banales have come together again to pick the HotCopper Hot Stock pick of Week 17, and it’s a heavy hitter on the ASX in their sights: Commonwealth Bank (ASX:CBA).
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“One of the best performers on our market, no surprise,” Mr Tortevski said while speaking on the Big Four leader. “Looking at this… we’re looking at them post-Trump mania. Right now it’s a bit calmed and look at how CBA has reversed.”
“Was this one to sell in May?” he continued. “Nothing’s pointing to that direction – and it may change your view to see it’s on a longer-term [upward] gradient again.”
Also discussed – Westpac (ASX:WBC), which is one to remain cautious on in Week 17. Fellow big four bank NAB (ASX:NAB) sits in the same basket, they said.
And, the Wealth Within duo tipped ANZ Group (ASX:ANZ) as one to watch for now.
This show comes in the lead-up to Wealth Within’s live YouTube show tonight at 7pm AEDT.
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