In this episode of Virtually Live, Shannon Rivkin covers: Insurance Australia Group (IAG), QBE Insurance Group (QBE), Fortescue (FMG) and more.
04:35 – Q1: – Analysts seem to bullish on the insurance sector including IAG, QBE and Suncorp, do you have a preference among these ?
08:28 – Q2:Just a question with ILU. I know there is no set stop loss but I would have thought that if one was looking for gains to $9 or $10 then there should be a plan (stop loss) for if the trade goes wrong as well considering the original recommendation was based on technicals with a stop buy at $7.60.
13:09 – Q3:FMG dropped by about 5% today. What is driving the downward pressure today? Analysts seem to think that it is over priced but they are a sound company in a period of more average pricing of iron ore. With a PE of 7.4 which is great and even if revenue dropped 20%, EPS would be better than many stocks on the ASX. Is this a time to top up my holding?