Top brokers name 3 ASX stocks to sell next week on February 7, 2021

The Motley Fool Australia Stock Market News Top Brokers Name 3 ASX Stocks To Sell Next Week

Once again, a large number of brokerage bills came on the wires last week. Some of these notes were positive and some were bearish.

Three sales reviews that caught my eye are summarized below. Here’s why top brokers think investors should sell these stocks next week:

AGL Energy Limited (ASX: AGL)

AGL Energy Limited (ASX: AGL)

According to a statement from Credit Suisse, its analysts have maintained their underperform rating and lowered the price target for the shares of this energy company to USD 9.50. The broker took the move after AGL announced billions in asset impairments last week. A large part of this was attributable to onerous contracts, which mainly related to old purchase agreements for wind farms. The company was also very negative about the outlook for wholesale electricity prices. AGL stock price ended the week at $ 11.39.

Commonwealth Bank of Australia (ASX: CBA)

Commonwealth Bank of Australia (ASX: CBA)

A note from Morgans shows that its analysts have maintained their downgraded rating and low price target of $ 64.00 on the stocks of this banking giant. The broker believes Commonwealth Bank stocks are overvalued at current levels. With this in mind, they are expected to leave the other big banks behind. Especially when trading conditions are relatively normal again. It believes CBA benefited from the perception that it is the bank with the lowest risk. However, it is believed that soon investors will be paying less attention to risk profiles and paying more attention to valuations. Commonwealth Bank’s share price was last traded at $ 88.64.

Macquarie Group Ltd (ASX: MQG)

Macquarie Group Ltd (ASX: MQG)

Citi analysts have downgraded the shares of this investment bank to a sell rating and lowered their price target to $ 120.00. According to the notice, the broker is a fan of the company and sees opportunities for long-term growth. However, it is believed that the market is expecting too much from the company in the short term. Especially given headwinds from a stronger Australian dollar and low volatility in commodity prices. It also believes that potential tax hikes in the US would be bad news for the bank. Macquarie stock closed the week at $ 134.52.

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James Mickleboro, a contributor to the Motley Fool, has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorized by Bruce Jackson.

James Mickleboro has been a Motley Fool employee since late 2015. After studying economics at the University of the UK, James lived in Australia and got a job with an Australian fund manager. This was the beginning of a love affair with Australian stocks and he hasn’t looked back since. James is part of the CFA Institute’s Chartered Financial Analyst program and hopes it will teach him to become a smart investor that will enable him to help others with their own investments. Outside of reading and researching, he spends many late nights watching the English Premier League and Seinfeld reruns.

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1 Hindustan Unilever LTD. 5,36,407
2 Tata Consultancy Services LTD. 6,82,389
3 Crisil LTD. 10.229
4th Bajaj Finance LTD. 1,18,549

Which stock is more profitable?

SL Surname OPM-5Y (%)
1 Bajaj Consumer Care 33.76
2 VST Industries 32.96
3 HEG 33.63
4th Computer age management 42.47

Which is better NSE or BSE?

NSE and BSE, which is better for you? BSE is more suitable for beginners, while NSE is more suitable for experienced investors and traders. If you are an investor in India looking to invest in new company stocks, BSE is an ideal choice.

Where should I invest in 2021?

Here is my list of the seven best investments in 2021:

  • Build up your cash reserves. …
  • Shares u2013 Still the right way in 2021. …
  • Real estate. …
  • Pay off or pay off debts. …
  • Start or accelerate your retirement plan. …
  • Make 2021 the year you start investing in yourself. …
  • Invest in a side business.

Which stocks will increase in 2021?

5 growth stocks that will make you richer in 2021

  • Teladoc health. There are a number of high-growth companies in the healthcare sector. Few offer the charged potential of Teladoc Health (NYSE: TDOC). …
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  • Green Thumb Industries. …
  • Facebook.

Should you buy a home in 2021?

1. Equity is unlikely to decrease until 2021. With most real estate markets at low risk of a downturn, Freddie Mac predicts that house prices will continue to rise in 2021 – albeit at a slower pace of nearly 3%. This is still good news for sellers as you will likely make a good profit if you choose to sell.

What is the best stock to buy in the future?

  • 9 best stocks for a long-term investment.
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  • Asian color. …
  • Bajaj Finserv. …
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  • Titan Company Limited.

Should I buy Yes Bank shares?

Yes, one should definitely start buying bank stocks. According to yes bank’s new revitalization plan, many of the most prestigious banks have invested in them, bringing stock prices to their 80th largest profit in the last 6 months.

Which is the cheapest stock to buy?

Sr. No. Name of the company Rating (stars)
1 Vodafone idea 0.50
2 NHPC 1.00
3 Trident 0.50
4th Jammu and Kashmir Bank 0.50

Which company share is best?

SL Surname Price (Rs.)
1 Nestle India 17,115.75
2 CreditAccess Grameen 719.25
3 United Drilling Tools 266.3
4th Hindustan Oil Explora 86.05

What stocks should a beginner buy in 2020?

Here are the 15 best stocks for beginners:

  • Amazon (NASDAQ: AMZN)
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  • Mastercard (NYSE: MA)
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Some Buffett purchases:

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  • Pfizer (PFE)
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  • General Motors Co. (GM)

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10 Ways To Invest $ 1,000 And Grow Your Portfolio

  • Try day trading. Playing on the stock market is not for everyone. …
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Is it worth buying an Amazon share?

If it’s a good company with a high value of stocks on the stock market, a stock or two would earn you some dividend at the end of the trading period. It’s just bad when the stock market’s value falls. You don’t have to worry about the number of stocks you buy on Amazon.

Top brokers name 3 ASX stocks to sell next week on February 7, 2021
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