Professional sharemarket analysts have an interesting job; they spend all day reading press releases, analysing company financial data, collating sales information, and investigating the themes that are likely to shape the investing landscape over the short, medium, and long terms.
They spend their days talking, researching and living the sharemarket and therefore have an insight into company quality and future performance that average investors simply don't have time to acquire.
I attempt to keep abreast of the latest broker recommendations as a method of either validating my own research or identifying companies that are a little out of favour and present a turnaround opportunity.
Here are 5 companies that analysts love, and one that our own Motley Fool team thinks is even better!
TV company Nine Entertainment Co Holdings Ltd (ASX: NEC)
Gold miner Beadell Resources Ltd (ASX: BDR)
Cloud application and data centre service provider Nextdc Ltd (ASX: NXT)
Property developer Peet Limited (ASX: PPC)
Global insurance company QBE Insurance Group Ltd (ASX: QBE)
Should you buy them?
With the exception of gold miner Beadell Resources, all of the companies above have had an excellent start to 2015 and returned investors over 10%. Analysts are essentially aligned in their belief that these are five of the best buys on the ASX, however after such a good start to 2015 more and more investors are aware of the prospect of a near-term correction!
