NRW Holdings voted Wealth Within’s hot stock tip

Before today’s Hot Stock tip, Wealth Within’s chief analyst Dale Gillham and co-host Filip Tortevski look at what’s been performing on market, noting the emerging strength of the Healthcare sector.

Their ‘Hot Stock’ pick today is NRW Holdings (ASX:NWH), which has tested the $3 mark four times since 2019, but recently appears to have cemented that as a base price.

NRW provides a wide range of civil and mining contract services to the construction, infrastructure and materials industries.

Dale Gillham raised concern trade in the stock had been ‘heavily heating up’ with a significant period of upwards momentum.

The company’s market cap is above $1.5 billion and shares have been trading around $3.33.

Proceed with Caution

The “Proceed with Caution” pick is Viva Energy Group (ASX:VEA).

Viva runs a convenience and fuel network of some 700 stores across Australia. It also supplies fuels and lubricants to more than 1,300 service stations.

It has been trading at $3.16 (1.50pm AEST).

Not Hot stock

The “Not Hot” stock pick is Lifestyle Communities (ASX:LIC) which has taken a significant downwards move.

It is down another 2.2% today to $9.18.

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

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