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2 ASX Stocks have Become the First Choice of Leading Brokers

As top brokers have started to pick up two ASX stocks, the market has started to bounce back to an ideal condition from a sluggish start. The 2 stocks are in a top position in the last 11 years. One stock, which is performing excellent today is Sensex Energy Ltd(ASX: SXY), and it has surged 10.5% to 32 cents after Credit Suisse upgraded the stock to outperform. Yesterday, the energy company announced a $50 million deal of selling its Roma North processing facility to Jemena and fall in a gas tolling agreement.

Credit Suisse says, “We now see SXY as resilient to sub-A$50/bbl oil prices under our base case CapEx assumptions. FY20 earnings are ~7.5% lower to account for toll.”

Another stock which is in the eyes of leading brokers to buy is Nearmap Ltd (ASX: NEA). Its share price jumped 7.3% to $3.96. The first stock is up 204% in just two years and the 2nd stock is up 954% in last four years.  Macquarie Group Ltd (ASX: MQG) is at third position with outperfom rating and $4.22 share price. These two stocks are not the only ones to buy; there are many more. Avanza global has a team of expert stockbrokers which have uncovered other groups of ASX stock. These stocks are suitable for outperforming.

A leading broker said, “The aggregate market opportunity equates to >A$3.0bn p.a. in NEA’s existing markets. Australia, NEA’s original & most mature market, has achieved ~17% penetration, but the key US growth opportunity remains largely untapped (~1% penetration).”

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