Sharemarket Update
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  Date: 01/06/2011 The extraordinary strength of the Australian dollar is playing havoc with many sectors, but good opportunities abound in the current climate to diversify share portfolios for the future. The growing strength of the Australian dollar has outpaced the rise in commodity prices, putting many companies on the back foot, even in sectors that normally do well when the dollar's high. And, says Elio D'Amato of Lincoln Stock Doctor, the exchange rate's probably not going to change significantly any time soon. The bank reporting season has now concluded, and Elio says the NAB's strong performance was the big surprise. But, at Lincoln, they still prefer ANZ, which has become a Star Stock, because of its earnings growth and solid performance in Asia, where there's still plenty of prospect for growth. Five other companies which have attracted attention at Lincoln are Mineral Resources Limited, Thorn Group, Horizon Oil, Mermaid Marine and Fortescue Metals. Topics: Economy, Financial Management, Investment |
 Elio D'Amato, Lincoln Stock Doctor |