Macro: Sandcastle economics
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Looking for stocks to buy; here are five stocks to watch - Oct 4th-7th 2022
Jessica Amir
Market Strategist
Summary: Five stocks to watch this week, in our two minute video. CSL could likely see a pickup in flu-vaccine demand and revenue ahead of the Northern Hemisphere winter. Rio Tinto, is another to watch as it just started producing spodumene concentrate for lithium batteries. Tesco and Constellation Brands are also on watch with results out this week. And Insurance Australia Group is also on watch with the RBA making a bevy of more interest rates hikes. Will IAG continue to outperform?
CSL(CSL)
CSL is the one of the world’s biggest producers of influenzas vaccines. The thinking is CSL’s revenue could pick up with flu vaccine demand likely to rise ahead of the Northern Hemisphere winter.
Rio Tinto (RIO)
Rio just started producing spodumene concentrate for lithium batteries, at its facility in Canada. Rio is also one of the world’s largest producers of Iron Ore (SCOA) and Aluminium. And last week, Aluminium prices saw their biggest jump on record on potential supply fears. So its worth watching to see what eventuates.
Tesco (TSCO)
Tesco, The British Super market giant is due to release financial results in the first week of October, while also kicking off a huge half price toy sale in a bid to boost its performance. Tesco shares are trading at 4 year lows.
Constellation Brands (STZ)
Constellation Brands is the business that makes and producers beers such as Corona. It also produces and sells Wines and Sprits. the Alcohol giant is due to report results in the first week of October. And it’s worth watching their shares as they’ve outperformed the market this year.
Insurance Australia Group (IAG)
IAG is Australia’s largest insurance group. Insurance groups generally do well when interest rates rise. So with the Reserve Bank of Australia (RBA) expected to rise rates in the first week of October and for the rest of the year and into next year, IAG is worth watching. IAG shares have outperformed the market and risen 6% this year.
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