Business Services Industry
Safety first on the market.(investment adviser Stuart Smith urges investments in bank stocks)
Australasian Business Intelligence, April, 2005 by Tilbury, Alex
Apr 25, 2005 (The Courier-Mail - ABIX via COMTEX)
Analysts say banks and stocks paying large dividends will help investors endure the current volatility of the sharemarket in Australia. Bell Potter Securities senior investment adviser, Stuart Smith, warned against new investments in retailers Coles Myer and Woolworths in the current market conditions, and instead recommended shares in BHP Billiton, BlueScope Steel, Woodside Petroleum, Westpac Banking and Adelaide Bank. Other recommendations include the ANZ Bank, Commonwealth Bank of Australia, National Australia Bank, Alumina, Newcrest Mining, John Fairfax, Patrick, Toll, OneSteel, APN News & Media, and Smorgon Steel. Macquarie Financial Services Queensland state manager, Colin McKenzie, recommended QBE...
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