The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) staged an afternoon rally on Friday to close the day up 0.4%, bringing the gains for the week to a solid 2.8%.
It's certainly not a pleasant time for investors caught sitting on the sidelines who have now watched the index gain around 10.5% over the first three months of 2015.
If you're wondering which stocks could still have further to run the following three stocks could be worth considering…
- Telstra Corporation Ltd (ASX: TLS) – as I said here, there would appear to be scope for the telco giant's share price to keep rallying higher in the face of low and possibly lower interest rates as investors will continue to seek out defensive, fully franked yields.
- Macquarie Group Ltd (ASX: MQG) – the investment bank's exposure to US dollar earnings is a huge plus for investors given the weakening domestic currency coupled with the strong economic conditions being enjoyed in the USA. Macquarie is being described as in "an upgrade cycle" and with the group scheduled to report its full year results on 8 May, investors may not have to wait long for a re-rating which sends the stock's share price even higher.
- Platinum Asset Management Limited (ASX: PTM) – provides investors with an opportunity to own a high quality funds management business with leverage to improving global equity markets. Concurrently, investors gain exposure to the tailwind of increased demand from superannuation funds for global equity exposure as they increasingly realise the need to diversify away from the Australian economy.
