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Professional trader and analyst Filip Tortevski takes the reins for today’s Wealth Within Hot Stock Tips show.
With Dale Gillham, he notes healthcare stocks are performing strongly, something he said tends to occur when markets fall.
Fisher & Paykel Healthcare Corporation (ASX:FPH) is the ‘Hot Stock’ pick this week, a stock that’s been making gains since a covid ‘correction’. FPH closed yesterday at $25.39.
‘Proceed with Caution’ is Regis Resources (ASX:RRL) and ‘Not Hot’ is Domino’s Pizza Enterprises (ASX:DMP), as the hosts question why it had a ‘suckers’ rally’ and has been sinking on market.
“You’d think more people would be buying cheap pizza if the economy’s struggling,” Dale Gillham said.
“To me it’s just interesting why this stock is like this at the moment because they sell cheap pizzas, so you’d think they’ve got consistent cash flow, now obviously they work on very small margins, so I don’t understand it at all.
“If they’re opening up more stores, you’d think they’d be making more profit.”
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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