Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.
Three sell ratings that caught my eye are summarised below. Here’s why top brokers think investors ought to sell these shares next week:
According to a note out of Credit Suisse, its analysts have retained their underperform rating but lifted their price target on this building products company’s shares to $2.10. This follows the release of its quarterly update. While the broker notes that demand has been improving in certain markets, subdued conditions in other areas continue to weigh on its performance. In light of this, it feels its shares are overvalued at the current level. The Adbri share price…
No savings at 40? I’d follow Warren Buffett’s tips today to retire rich // Motley Fool Australia
Warren Buffett is one of the most successful investors of all time. Therefore, following his advice could be a sound move when seeking to build a retirement portfolio.
Even if you have no retirement savings at age 40, it is not too late to build a nest egg that can provide a generous passive income in older age.
By starting to invest in cheap, high-quality shares today, you could capitalise on the long-term growth potential offered by the stock market.
Warren Buffett’s focus on undervalued stocks
Warren Buffett has sought to buy the best companies he can find when they are trading at the lowest prices. This enables him to benefit from their likely recovery as the economic outlook gradually improves. It also means that his money…
Why the CV Check (ASX:CV1) share price finished the day 5% higher // Motley Fool Australia
The CV Check Ltd (ASX: CV1) share price finished the day in positive territory following the announcement of a new customer win.
Despite the broader decline of the All Ordinaries Index (ASX: XAO), the CV Check closed the day at 18 cents, up 5.8%.
Let’s take a look at what CV Check updated the market with.
What does CV Check do?
CV Check, founded in 2004, is an online tech company that offers background screening and verification services.
The company conducts over 300,000 verification checks every year for private and government organisations, employers and individuals. These services include national police checks, employment reference checks, credit and financial checks, and predictive psychometric assessments, among other…
Webjet (ASX:WEB) share price on watch after FY 2021 trading update // Motley Fool Australia
The Webjet Limited (ASX: WEB) share price will be one to watch on Friday following the release of its annual general meeting update after the market close.
What was in Webjet’s update?
As well as providing investors with a breakdown on its performance during an unprecedented FY 2020, management released an update on current trading.
In respect to the latter, Webjet revealed that bookings are still down materially from the pre-pandemic levels but are improving.
The Webjet OTA business recorded monthly bookings of 18,700 during September, down from its pre-COVID average of 131,300 per month. This represents 14.2% of pre-COVID levels, which compares favourably to a 7.1% recovery by the rest of the market.
This booking performance…
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