Well it is Melbourne Cup Day after all and we were joined by Luke Laretive from Seneca Financial who gave us his three stocks that are likely to upgrade over the next three weeks.
First up is insurance broker and underwriting agency AUB Group (AUB) and Luke said there is scope for the business to outperform and it has a good track record of beating estimates around their reporting season Agribusiness Elders (ELD) reports in two weeks and Luke said its been a good period for agricultural businesses in general.
With a strong market position, strong brand and good acquisition history, he said it’s fantastic value. Collins Foods (CKF) is Luke’s last pick with a good track record for managing costs and margins. The fast food industry according to Luke will be a sustained beneficiary for the coming months. So tune in here for all the details here…
Watch the interview: Ausbiz – Three stocks likely to upgrade in the next three weeks