This week’s hot stock is none other than one of our favourites in the sector, Macquarie Group (MQG). A superstar stock that has only just joined the $100 club, hopefully which will act as a strong level of support. With Trump’s tax cuts to happen, we view this as positive sentiment gathering around the stock and sector, and could potentially even be better longer-term as well!
Macquarie has been quite the stock in 2017 having bounced from its lows in 2016, the reinvention and refocus on their core business has really driven shareholder confidence and overall share price performance.
We are seriously impressed with Macqaurie as a whole and it is a stock that we are more than happy to recommend short-term (knowing any pullback would be more likely to be attributed to day-to-day price action vs. a fundamental flaw in the business).
Get it while it’s hot!