BUY HOLD SELL - MQG
Macquarie Group (MQG)
We hold Macquarie in our Marcus Today portfolios and consider it a quality stock which will outperform in a bull market.
Ahead of results on November 2 (ex dividend November 12) Citi has put out a piece of research saying that Macquarie will beat expectations and has been conservative in its guidance. They say the exit from Property Exchange Australia could see cash profit rise by 15% next year beating guidance which currently stands at a consensus expectation of 10%. The company guidance, as always is non-committal and conservative suggesting a result “broadly in line” with last year. They say...Continue Reading