MENU

Is the Bellamy’s Australia Ltd (ASX:BAL) share price in recovery today?

The Bellamy’s Australia Ltd (ASX: BAL) share price is up 5.6% to $8.20 at the time of writing with no clues in the registry as to why the stock is staging a mini recovery.

The 1-year capital loss on Bellamy’s shares is down 34.65% at present, after the Tasmanian-owned baby formula stalwart’s shares began to hit the skids back in March.

A surge upwards in the Bellamy’s share price is a welcome change for shareholders who must have been getting concerned the good old days would never return, alas its likely not time to pop the champagne just yet.

US and China trade war-related issues have put a dampener on the previously strong sector, but Bellamy’s has a debt-free solid balance sheet to lean upon despite these industry headwinds.

While today’s rally might not mean the share price is on a definite incline from hereon, investors should keep an eye on Bellamy’s movements, alongside other stocks with Chinese interests, namely, A2 Milk Company Ltd (ASX: A2M) and Treasury Wine Estates Ltd (ASX: TWE).

While nowhere near a "blue chip", Bellamy's certainly has some compelling fundamentals in play.

Find our top 3 ASX Blue Chips To Buy For 2019 here

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia owns shares of A2 Milk. 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 Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.