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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