Saturday, October 4, 2014

Rio Tinto and Coca Cola Amatil Week Ahead

This week, I predict that both Rio Tinto and Coca Cola Amatil will break out of their respective price slumps and that shares will move higher.  The dividend yields are getting too high and there is no way to escape the fact that the companies are earning solid profits.  In the case of Coca Cola Amatil, earnings are slowing, but with Rio Tinto, profits are soaring.  In both cases, markets are overreacting to the downside in my opinion.

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