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Blog

Equity strategy: Trim, switch or dissapoint candidates

Tom Sartor

Protecting capital in an unforgiving market


Roughly three dozen stocks have recently downgraded their FY17 earnings outlook either explicitly or implicitly.

Notable misses like Vocus and Vita Group have been harshly punished by a market trading on full-ish valuations, reminding us that avoiding a loss is just as important as achieving a profit.

In our latest equity strategy research note 'Flagging risk and funding sources', our analysts flag stocks that are either; 1) vulnerable to disappointment before or at August results; 2) worthy of trimming on valuation grounds; or 3) worthy of selling or switching into preferred names outright.

More information

Morgans clients can access the Flagging risk and funding source report for the full list of trim, switch and disappoint candidates. Alternatively, view our list of Buy ideas by viewing our latest High Conviction Stocks research report. If you would like more information, please contact your adviser or nearest Morgans office.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.