As the ASX opens for another week of trading, leading brokers have updated their ratings on ASX stocks.
Here are four stocks that you should watch today:
Charter Hall Group (ASX: CHC) has been raised raised to overweight by leading broker JP Morgan. The property company is well positioned to deliver one of the highest funds from operations (FFO) growth rates in the sector and that will likely keep its share price buoyant. The group recently announced its unlisted wholesale partnership, Brisbane Square Wholesale Fund, had entered into an exclusive heads of agreement with QSuper to pre-lease 17,200 sqm at its planned $450 million Brisbane Square Tower 2.
iSentia Group Ltd (ASX: ISD) has been raised to hold at Shaw and Partners. Its share price has plunged by a staggering 66% this year. Last week iSentia announced that due to its continued underperformance the company has decided to exit its King Content business by the end of the year. King Content was acquired by iSentia for $48 million in 2015 in what has now turned out to be a disastrous move. Investors will now hope iSentia has cut its losses and can move on to focus on more profitable ventures.
Westfield Corp Ltd (ASX: WFD) is now rated neutral at Goldman Sachs. The group has a $9.8 billion development pipeline aimed at developing commercial or residential property in prime locations only across major international cities like London, Los Angeles and New York. This strategy has been in response to concerns that foot traffic may fall outside the popular shopping locations.
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 Kevin Gandiya has no position in any of the stocks mentioned.
You can follow Kevin on Twitter @KevinGandiya
The Motley Fool Australia owns shares of Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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