A watchlist is an incredibly handy tool for investors. Whether we are talking about a multi-billion dollar hedge fund guru or an investor so new to the market that he or she hasn’t even bought a share yet, the chances are they both have one thing in common – they both utilise watchlists!
With so many companies and so much information to filter through a watchlist is certainly a great way to keep abreast of companies that pique your interest.
Here are four stocks which recently grabbed my attention due to their quality and the fact they are all trading close to their respective 52-week lows.
Despite reporting double-digit growth in net profit after tax (NPAT) from continuing operations at its recent half yearly result, gambling services provider Tatts Group Limited (ASX: TTS) has seen its share price track lower and is currently trading at a new 12-month low of $2.85. While firms such as Tatts do always have regulatory risks attached to them, they are also defensive in nature which means they can provide steady dividends to shareholders.
Coca-Cola Amatil Ltd (ASX: CCL) disappointed investors when it reported a 9.6% fall in NPAT for its full year results in February. Since the initial fall after the results release, the share price has continued to trend lower and is currently trading at levels last seen (briefly ) in mid-2011. Given the quality of its brands and growth potential in Indonesia, the company’s ticker almost certainly deserves a slot on your watchlist.
InvoCare Limited (ASX: IVC) is a company that may not be familiar to you and hopefully its businesses aren’t all that familiar either, given that Invocare is in the funeral business. The stock price is quite volatile, bouncing back and forth between the $10 and $12 level throughout much of the past year. While the stock doesn’t appear cheap just yet, it is a high quality business and one worth watching should the share price head lower.
Southern Cross Media Group Ltd (ASX: SXL) operates radio and television broadcasting services including the popular Triple M radio network. While television and newspaper franchises remain in a state of flux, radio continues to perform well. The potential for Southern Cross to be involved in some form of corporate action, coupled with its enticing 6.7% dividend yield makes this company also worthy of investors’ attention.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of February 15th 2021
Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.
- 3 ASX stocks to buy now to get rich later – October 20, 2016 1:34pm
- Why this fund manager is worried about the sustainability of bank dividends – October 18, 2016 7:56am
- Here’s why I might buy these 2 beaten-up share bargains – October 17, 2016 4:18pm