Tipping on 4WD success

Wealth Within’s Hot Stock Tip for this week is motor vehicle accessories company ARB Corporation (ASX:ARB)

Chief analyst Dale Gillham and co-host senior analyst Filip Tortevski tip that if it breaks through the $40 mark, trade could head towards an all-time high.

ARB was trading above $38.50 yesterday (July 8, 2024).

The ‘Proceed with Caution’ stock is crop protection (fungicides, herbicides, insecticides) and seed technologies company, Nufarm (ASX:NUF). Nufarm’s half yearly results posted in March were considerably lower than the previous corresponding period.

It has been trading just above $4.50.

The ‘not hot’ pick is NZ construction company, Fletcher Building (ASX:FBU) which has seen its share price already down nearly 50% over the past year. It was trading at $2.64 yesterday).

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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