Australia Stock Alert

AUSTR

CLOSING UPDATE: Macquarie Group increases 1.0%, led Diversified financials sector higher September 21, 2018 16:00:00 AEST

NEWS BITES - AUSTRALIA

This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Macquarie Group, Australia's largest diversified financials company by market capitalisation, has increased 1.0% to trade at $A127.85 vs. the Diversified financials sector which strengthened 43.9 points (or 0.5%) to 9,154.3. Representing a weighting of about 33.4% of the sector, the stock accounted for 68.3% of today's gain. The shares have outperformed 85% of the market in the past six months. Trading volume was 1.8 times average at the end of the day. Compared with the All Ordinaries Index which rose 28.6 points (or 0.5%) in the day, this represented a relative price increase of 0.5%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.46 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last three months the stock has hit a new 52-week high six times, pointing to an uptrend.

+ The price lifted 2.7% in the last week and 2.5% in the last month.

+ The present value of AUD1,000 invested one year ago is $A1,606 [vs $A1,103 for the All Ordinaries Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Earnings of 16.9 [19.4]

+ Price/Sales of 3.1 [4.4]

+ Return on Equity 15.6% [10.1%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 6% of stock by value of Q Ratio.

+ Net profit margin has averaged 44.7% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 15.6% is better than sector average of 10.1%.

Note

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price to Book of 2.8 [2.5]

Return on Assets 1.3% [2.2%]

Year-on-Year Earnings Growth of 15.3% [19.8%]

TODAY'S ALERTS

Afternoon Alert: Macquarie Group increases 0.9% - outperforming 84% of stocks

September 21, 2018 13:00:00 AEST

Macquarie Group Limited (ASX:MQG) has increased $A1.11 (or 0.9%) today to trade at $A127.72 and has outperformed 84% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal.

Morning Alert: Macquarie Group increases 1.1% - outperforming 83% of stocks

September 21, 2018 11:00:00 AEST

Macquarie Group Limited (ASX:MQG) has increased $A1.42 (or 1.1%) today to trade at $A128.03 and has outperformed 83% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

CLOSING UPDATE: Macquarie Group decreases gains by 0.01% - outperforming 85% of stocks

September 20, 2018 16:00:00 AEST

Macquarie Group, Australia's largest diversified financials company by market capitalisation, has increased 70.0c (or 0.6%) today to trade at $A126.61 and has outperformed 85% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal. Compared with the All Ordinaries Index which fell 20.2 points (or 0.3%) in the day, this represented a relative price increase of 0.9%.

Afternoon Alert: Macquarie Group increases 0.6% - outperforming 84% of stocks

September 20, 2018 13:00:00 AEST

Macquarie Group Limited (ASX:MQG) has increased 71.0c (or 0.6%) today to trade at $A126.62 and has outperformed 84% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal.

Macquarie Group Limited (AU:MQG; ASX:MQG; AX:MQG)

ISIN: AU000000MQG1

PermID: 5000055834

Source: www.BuySellSignals.com