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ASX Top 200 Stocks Down Under 29 March 2021: Commonwealth Bank of Australia, Wesfarmers, Spark New Zealand
Commonwealth Bank of Australia: Leading the pack in several ways
In today’s edition of ASX Top 200 Stocks Down Under, headquartered in Sydney, Commonwealth Bank of Australia (CBA) remains one of our favourite bank shares. Amid prospects for a strong global economic recovery, the stock has participated in the recent banking sector rally to the tune of 40% over the last 12 months. We see further upside from here on account of CBA’s stellar financial position and growth opportunities in retail, business and digital banking.
Also in today’s edition, a look at retailer Wesfarmers (ASX: WES) and telecommunications company Spark New Zealand (ASX: SPK).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 22 March 2021