{"id":330473,"date":"2024-11-18T15:49:19","date_gmt":"2024-11-18T07:49:19","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330473"},"modified":"2024-11-18T15:49:21","modified_gmt":"2024-11-18T07:49:21","slug":"stock-picks-for-the-week-nov-18-22-2024-by-first-metro-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/stock-picks-for-the-week-nov-18-22-2024-by-first-metro-securities\/","title":{"rendered":"Stock Picks for the week (Nov 18-22, 2024) by First Metro Securities"},"content":{"rendered":"\n

Market Recap: Stock market last week<\/h2>\n\n\n\n

Last week, the PSEi mostly traded lower and declined by 4.3% week-on-week, closing at 6,676.65, a decrease of 300.53 points. The market was mainly weighed down by growth concerns and uncertainties surrounding potential Trump administration policies. Furthermore, investor confidence was adversely affected by the persistent weakness of the peso and a less dovish monetary policy outlook from the Federal Reserve.<\/p>\n\n\n\n

<\/div>\n\n\n\n

PSE outlook this week<\/h2>\n\n\n\n

This week, we expect the market to trade sideways with a slight downward bias given the absence of significant catalysts to trigger to drive the market higher. While this week may be light on data, investors will focus on assessing the impacts of Typhoon Pepito (international name: Man-yi) and the conclusion of the 3Q 2024 earnings season.<\/p>\n\n\n\n

<\/div>\n\n\n\n

Stock Picks this week<\/h2>\n\n\n\n

1. Ayala Land, Inc. (ALI)<\/h3>\n\n\n\n
Recommendation<\/strong><\/td>Buy on support<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 35.80<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Despite the growth reflected in the earnings results, the stock continued to decline, breaking below all key moving averages (20-day, 50-day, 100-day, and 200-day). This weakness started in early October, when the stock established resistance around PHP38.00 and has since continued to fall. In terms of momentum, the RSI is now at oversold levels, suggesting a potential reversal. <\/p>\n\n\n\n

Accumulating ALI on pullbacks around the PHP30\/PHP28 support range is advisable. Take profits 15% above your average cost and set stop loss limits 8%
below your average cost.<\/p>\n\n\n\n

<\/div>\n\n\n\n

2. \u00a0\u00a0BDO Unibank Inc. (BDO)<\/h3>\n\n\n\n
Recommendation<\/strong><\/td>Buy on breakout<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 167.00<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

BDO has dipped below its 20-day and 50-day moving averages (MA) but found new support around its 200-day MA, indicating sustained long-term bullish momentum. Further, the RSI rebounding from oversold territory suggests a potential short-term rally, with BDO now testing resistance around its 100-day MA. We recommend buying BDO when it decisively breaks above its 100-day MA on high volume.<\/p>\n\n\n\n

Accumulating once BDO breaks above its 100-day MA (around PHP149.46) on strong volume is advised. Take profits at PHP171.88 and set stop-loss limits below PHP137.50.<\/p>\n\n\n\n

<\/div>\n\n\n\n

3.\u00a0AREIT, Inc. (AREIT)<\/h3>\n\n\n\n
Recommendation<\/strong><\/td>Sell on rally<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 41.25<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

AREIT has been rallying after breaking above its consolidation pattern in July 2024. It is currently trading above key moving averages (50-day, 100-day, and 200-day) supported by momentum indi- cators signaling strong continuation.
<\/p>\n\n\n\n

Despite bullish action, we see rebalancing activities as an opportunity to take profits on the counter as it encounters upward pressure. Taking profits on AREIT on rallies prior to and on the rebalancing date (Nov 25) of the MSCI Index changes is advisable.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Our stock picks for the week<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1372,11],"tags":[],"class_list":["post-330473","post","type-post","status-publish","format-standard","hentry","category-stock-picks","category-special-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330473"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330473\/revisions"}],"predecessor-version":[{"id":330475,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330473\/revisions\/330475"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}