Northern Star Resources Ltd (ASX: NST) could be on the rise today after the gold price pushed higher on Friday night. According to CNBC, the spot gold price rose 0.4% to US$1,783.30 an ounce. Traders were buying the precious metal despite the strong jobs report.
Magellan given sell rating
The
Magellan Financial Group Ltd(ASX: MFG) share price could be overvalued according to analysts at Goldman Sachs. According to the note, the broker has retained its sell rating but lifted its price target to $49.20. The broker believes the market is underestimating potential losses relating to its Barrenjoey investment. It also believes its recent performance means the earnings risks are skewed to the downside.
Why the Magellan High Conviction Trust (ASX:MHH) share price is soaring
A transition to an ETF structure is sending the Magellan High Conviction Trust share price higher.
Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.
Top brokers have named Zip Co Ltd (ASX:Z1P) and these ASX shares as sells for next week. Here's why they are bearish. The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.