Sharemarket Update

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Running Time: 7:28

Date: 29/09/2012

Is the sharemarket moving in a positive direction at last? Our Stock Doctor Elio D'Amato thinks so, despite the doomsayers...

The reporting season is always busy as analysts assess the latest good, bad and ugly news on the Australian stock market. And what has this season brought? Plenty of good news, says CEO of Lincoln, Elio D'Amato,with admittedly a few disappointments along the way. Yes, cost pressures and lower prices are pulling back the mining sector but Elio doesn't believe the mining boom is over. Among the standout performers this season: CBA, with a $7.1 billion cash profit; carsales.com, with earnings growth of 23%; Northern Star Resources, with profits up around 50%; Decmil and Forge - both worthy of mention in the mining services sector; Then, there's Bradken, Domino's Pizza, ARB Corporation, Crown, Aurora Oil, Webjet and many more. In Elio D'Amato's view, this doesn't sound like a depressed economy!

Elio D'Amato, Lincoln Stock Doctor