CSL Limited

But plenty of other stocks trading ex-dividend as well today.

Now, I mentioned healthcare was down 1.5% and that's largely due to the largest stock in the sector, CSL.

trading ex-dividend today as well among plenty of other stocks.

On the winner's list has been shipbuilder

And let's have a look at healthcare because that, the so-called defensive sector, was sold off today.

CSL down 1.5%.

ResMed, Cochlear, Pro Medicus, Mesoblast under pressure as well.

Not a lot of corporate news around, but we did hear from Westgold targeting almost 30% production growth.

Yeah, absolutely.

I think it's, um, it's worrisome, but um, I, I do think in certain segments of the market that's already corrected and, uh, represents value.

Like, you know, especially the healthcare sector, we saw CSL coming back.

Um, they've already been beaten down and, you know, o- obviously in the resource sector with, um, the, the large copper miners and other commodity-producing miners, we are seeing them actually perform fairly well.

And, you know, because you've just got to play the percentages and say, well, it's, you know, everyone, nearly everyone gets knocked back.

CSL got knocked back.

I mean, it's not exactly easy.

So I think it's probably on a long-term basis is, you know, a speccy buy here.

But I brought along a longer term chart.

We could see this goes back just over 10 years.

So I think there's just a bit of a lesson, whether it's Cochlear, whether it's CSL.

There's people out there that say, look, it's a great business and there's a lot of market noise and take advantage of it, blah, blah, blah.

So this allows a long runway for the healthcare sector to really thrive for the next 10, 20 years.

I mean just looking at what the potential upside could be if we can see up here around 180 I would say is a potential for CSL and I'm just going to grab my tool there so I can if it behaves itself and it's up around 50% is a potential from that point there.

So a pullback down closer to $105 would be a really nice little move and a push up from that I'd like to see.

Price, pattern and time, having all of those things lined up increases your probability of these major turns providing the best opportunities.

All right, well, let's get into the fun stuff.

Janine Stocks.

All right, shall we? CSL's the first one.

So a lot of people have been excited about what CSL's done recently.

Cochlear, for instance, was off more than 3%.

CSL was down 2%, although that was trading ex-dividend.

Higher oil and copper prices did help offset some of the losses.

Woodside and Santos both rose.

REITs down 0.6, tech down 0.7, staples not acting very defensive down 0.9, banks down 1%, telecoms also down 1%, discretionary stocks keep on getting hit from this rate hike in negativity down 1.1 and the worst performer today following the US was healthcare.

CSL losing out down around 2% today.

ProMedicus suffering from healthcare down and also tech down.

It finishing off 1.8%.

The answer really is the better you know the business, the more easily you'll be able to tell.

So for example, if I could just give a personal example with me and many Team Invest members, when CSL's share price collapsed, it had been ridiculously high.

It was on a ridiculously high P.

But when it collapsed and it got all the way down to less than 100%, Pretty much everybody in Team Investor would say, thank you, Mr.

Market, what a wonderful bargain, because we knew the company well enough to know that it couldn't possibly be that damaging if this was a short-term thing that they'd get over.

Now, they wouldn't necessarily get back to $300 in a hurry, but $90 was crazy.

Now, on the other hand, if it was a company I didn't know at all, let's take, I don't know, some other biotech seeing as CSL's in something similar to that.

And this biotech had never made a profit and its share price plunged.

The idea of bird flu mutating into some sort of human-to-human virus is mostly found in your dopey circle-jerk comment sections because it hasn't happened yet and no one's talking about it.

And if it does happen... we have the vaccine capacity to make vaccines on massive scale thanks to CSL, a great Australian company.

Great Australian

company.