Sharemarket update June 2014

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Running Time: 8:19

Date: 01/06/2014

Is the "tech bubble" getting ready to burst again?

Tech companies are again driving up the NASDAQ - 150% in the past five years. But does this mean we should be wary of a major correction? Not according to Elio D'Amato, CEO of Lincoln Stock Doctor, who says the says the fundamentals of the businesses pushing up the NASDAQ are far stronger than of those back in 2001.     

Back on our shores, Elio explains that an increase in local merger and acquisition activity is increasing confidence in the stockmarket. He says banks should remain the staple of portfolios because of their good dividend yields and strong balance sheets.   

Stocks to watch this month are Kathmandu and Ardent Leisure Group. Elio's preferred banks right now are ANZ and Westpac.