Australian bank Judo Capital Holdings (ASX:JDO), best known for its finance and credit for small and medium-sized businesses, is Wealth Within chief analyst Dale Gillham and senior analyst Fil Tortevski‘s HotCopper Hot Stock tip this week.
Judo Capital has surged up 106.59% over the last 12 months to sell at $1.88.
Mr Gillham said: “You know, it doesn’t get much better than that.”
There’s more to love than just the gains in the rear view mirror though, with Mr Tortevski suggesting there may even be a “trend acceleration” soon.
“Get the opportunity right [here], find your moment to get in and ride this momentum and volatility that’s coming because it is beautiful to look at,” the Wealth Within senior analyst claimed when looking at the monthly charts.
Mr Gillham added he really liked how quickly Judo had found its all-time highs – within the last four to six weeks – and said it proves there’s “a lot of strength…. it’s smashing.”
HomeCo Daily Needs REIT (ASX:HDN) is the “Proceed with Caution” stock tip this week, with the ASX-listed Australian real estate investment trust mainly standing out to Mr Tortevski because of its lower-end support.
“It’s always important to identify that significant reversal turning point and [then] nominating the best times where that is confirmed,” he added.
That appears to be on the horizon; whether things will improve isn’t clear though, leaving the trust as a cautious watch for the time being.
At close on Tuesday, HomeCo Daily Needs was at $1.24 a share.
Today’s “Not Hot” stock is Ramsay Health Care (ASX:RHC), which sits in an “amazing sector” but has failed to impress quite as much as some others there.
“The charts aren’t giving us a cause for happiness,” Mr Tortevski said.
Mr Gillham pointed to Ramsay Health Care’s performances from the height of COVID-19 in 2020 through to today as a reason to be quite bearish on the Healthcare stock, adding he believes it “has a lot further to go” in its downtrend yet.
Ramsay last traded at $39.31 today – and may slide to $30, both analysts agreed.
This show comes in the lead-up to Wealth Within’s live YouTube show tonight at 7pm AEDT.
You can join conversations on Wealth Within’s tips on HotCopper here.
Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.au
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