Australia Stock Alert

AUSTR

CLOSING UPDATE: Wesfarmers decreases gains by 0.1%, led Food & staples retailing sector higher June 20, 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).

Wesfarmers, Australia's largest food & staples retailing company by market capitalisation, has increased 0.4% to trade at $A47.46 vs. the Food & staples retailing sector which strengthened 22.9 points (or 0.3%) to 7,104.7. Representing a weighting of about 56.2% of the sector, the stock accounted for 63.2% of today's gain. Trading volume was 76% of average at the end of the day. Compared with the All Ordinaries Index which rose 65.7 points (or 1.1%) in the day, this represented a relative price change of -0.7%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.87 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Australian market, the stock's relative price strength percentile is improving at 70 for 6 months, 78 for 3 months and 80 for 1 month.

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

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

Undervaluation:

+ Dividend yield of 4.7% [4.0%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 16.7 times.

+ Tobin's Q Ratio is 1.3. Compared with the rest of the market the stock is undervalued.

Note

Bearish Signals:

Net profit margin has averaged 2.9% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

As per the Du Pont analysis, Return on Equity of 12.0% is lower than sector average of 13.2%.

Overbought/Bearish:

The 1.9% discount to 12-month high of $A48.38 against the 25.1% premium to 12-month low of $A37.93 suggests the climb might be peaking.

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

Overvaluation:

Price/Sales of 0.8 [0.7]

TODAY'S ALERT

Afternoon Alert: Wesfarmers increases 0.5%, leads S&P/ASX 200 Consumer Staples index higher

June 20, 2018 13:00:00 AEST

Wesfarmers Limited (ASX:WES) has increased 0.5% to trade at $A47.51 vs. the S&P/ASX 200 Consumer Staples index which strengthened 67.2 points (or 0.6%) to 11,118.8. Representing a weighting of about 39.7% of the index, the stock accounted for 30.6% of today's gain.

RECENT ALERTS

CLOSING UPDATE: Wesfarmers hits 52-week high twelfth time in one month

June 18, 2018 16:00:00 AEST

Wesfarmers, Australia's largest food & staples retailing company by market capitalisation, hit a 52-week high of $A48.38 today for the 12th time in the past one month and last traded at $A47.88. Trading volume was 87% of average at the end of the day. Compared with the All Ordinaries Index which rose 7.5 points (or 0.1%) in the day, this represented a relative price change of -0.4%.

Afternoon Alert: Wesfarmers hits 52-week high twelfth time in one month

June 18, 2018 13:00:00 AEST

Wesfarmers Limited (ASX:WES) hit a 52-week high of $A48.38 today for the 12th time in the past one month and last traded at $A47.80.

Wesfarmers Limited (AU:WES; ASX:WES; AX:WES)

ISIN: AU000000WES1

PermID: 4295857467

Source: www.BuySellSignals.com