Join our daily newsletter At The Bell to receive exclusive market insights
Social infrastructure real estate investment trust, Arena REIT (ASX:ARF) is the ‘Hot Stock’ pick for Wealth Within this week.
In today’s HotCopper show, Wealth Within senior analyst Fil Tortevski said there were signals pointing to there being potential for growth for ARF.
“I don’t really see from a long term perspective any real resistance back up until this $4.80 level, so in the medium term some very good opportunity,” he said.
“I think if we can get to $4.80 really quickly then obviously that begs the question, the all time high’s next,” he said.
Arena REIT was trading at $4.14 mid-session today.
Their ‘Proceed with Caution’ – ‘bullish caution’ – is Perseus Mining (ASX:PRU), but the ‘Not Hot’ stock today is telecommunications company Spark New Zealand (ASX:SPK) which Mr Gillham suggests is a ‘shorting’ stock sitting around $3.10 today.
Also in today’s Wealth Within HotCopper show, Dale Gillham and Filip Tortevski discuss the risks of investors ‘jumping on bandwagons’.
“They jump in too early, they get stuck in suckers rallies, only to see it move over,” Mr Gillham said.
The Wealth Within live Australian Stock Market show is on YouTube tonight at 7pm (AEST).
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.
