The Stock of the Day is Commonwealth Bank (ASX: CBA)

Commonwealth Bank (ASX: CBA) has defied expectations, rising to $128 per share at the close of business on the 24th of June. The share price has gained almost 30% in the last year. Why is the abnk continuing to break records?! Our experts, Francesco De Stradis from Ord Minnett and Mark Moreland from TeamInvest, share their views on the bank. Mark says that the stock is hugely overvalued and other metrics are not very compelling, he says it may be performing well due to people feeling that a bank is a safe place to invest. Francesco agrees with Mark, saying that he wouldn't be getting into any banking stocks at the moment - they're all too expensive relative to long-term averages. So what will it be - a buy, hold, sell? Or take some profit off the table?

Stocks covered:
Worley (WOR)
Macquarie (MQG)
Australian Finance Group (AFG)
Breville (BRG)
Kelly Partners (KPG)
Infratil (IFT)
Metcash (MTS0
Technology One (TNE)
Accent Group (AX1)
Dexus (DXS)

Subscribe to ausbiz:

#asx #sharemarket #stocks #ausbiz #shares #investing #equities #hotstocks #stockpicking

[therealtrader]

The CBA shares have gone up another $10 since this video was done.

[hotchinahk]

I disagree both of them, when CBA up to $150 a share and they will eat their words 😐