In a disappointing earnings season for many, what stocks are outperforming the rest?
Ben Richards from Seneca suggests the following three picks says Wesfarmers (WES) displayed steady growth in the current market. He says key divisions such as Kmart, which cater to cost conscious consumers, equipped them well for an economic downturn.
Ben says AUB Group (AUB), an insurance provider, is benefiting from the rising insurance premiums in NZ and AU but doesn’t bare the underwriting risks of some of its competitors.
Lastly, he says the Macquarie Group’s (MQG) diversified earnings streams (investment banking branch, asset management) allow it to successfully manage the current economic pressures, making it a good consideration in the current season.
Watch the interview: Ausbiz – Three stocks bucking the trends of earnings season