Stock Picks
Today we are looking across three international exchanges for stocks to kick-off International Woman’s day. Diversification is still key over the coming months and these stock picks could be good for the long haul.
EasyResearch looks at 3 stocks across currencies to get your week going!
Aus
This leading Australian data centre outsourcing solutions company has been gaining attention over the last couple of months despite its recent share price downturn. NEXTDC Limited is a highly rated growth stock which posted strong revenue and earnings in its latest report. UBS and Citi retained a buy rating on the company with UBS lifting its target to $15.40 per share.
Operating cash flow increased 219% year-over-year and robust data centre services came in at $121.6 million as EBITDA increased by 29%. The data centre operator also reported a positive outlook for the second quarter. “We are pleased to deliver another record result in 1H21, against a more difficult economic backdrop due to the COVID-19 global pandemic.” - Craig Scroggie (CEO)
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USD
Oracle has been an exciting company to watch not only for its innovation in the adoption of Blockchain technology and growth acceleration. The software company will report fiscal 2021 third quarter earnings this week on the 10th of March. It is expected that Oracle will report a year-over-year profit growth of 14% as demand for the company’s cloud computing services improve. On average the company has delivered an earnings surprise of 5% over the last four quarters.
Oracle’s shares were in high demand last week as Barclays also got in on the action and raised its outlook on the company to a buy with a price target of $80 per share. “However, we believe the ‘good’ cloud products are now big enough to offset the headwinds from the dwindling products, pushing overall growth higher, and better IT spending will be an additional catalyst,” Lenschow wrote in a research note to clients. “This should prompt investors to revisit the name, especially given the undemanding valuation.” - Raimo Lenschow (Barclays analyst)
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ZAR
The 1nvestRhodium ETF (ETFRHO) is a firm Intellidex favorite and an absolute gem, which gives the investor a cost-effective way to invest in the precious metal market. The ETF has gained over 113% over the last year an might continue to deliver as demand outweighs supply.
“The structural drivers of rhodium remain strong through demand for greener and cleaner technology in the automotive industry. However, rhodium remains in short supply due to capacity constraints in SA, where 85% of global rhodium is sourced and mines face operational difficulties from a lack of investment, policy uncertainty and unstable electricity supply. As a result, we think that the rhodium price will enjoy continued support until supply increases.” - Intellidex
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New to investing
and want to know more about Blockchain and our recent Stock Picks?
Read: Forget Bitcoin, Blockchain is where it’s at! and 3 Stock Picks to kick off March
Sources –EasyResearch, EasyEtf, Intellidex, Investing.com, MarketWatch, The Motley Fool, Yahoo finance
Take note: stock data was taken on 08/03/2021.
Follow Barry Dumas
@BEEF_FINMARKETS
Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.
