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Article: Time to switch out of banks.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Ciampa
Nov 09, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Shares in Australia's four major banks have gained nearly 80 per cent since March 2009, compared with less than 40 per cent for the resources sector. Tony Brennan of Deutsche Bank believes investors should now sell out of banks and buy resources stocks, as they have greater potential for further gains. Brennan's top picks in the sector include Rio Tinto, BHP Billiton and Alumina.
Publication Date: 10 November 2009
DEUTSCHE BANK AG
RIO TINTO LIMITED - ASX RIO
BHP BILLITON LIMITED - ASX BHP
ALUMINA LIMITED - ASX AWC
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