Watchlist: Stocks on the edge of an upgrade

Recent volatility has already produced a slew of companies joining the Buy List. With plenty more to follow if prices drop a little further, here’s what to expect.

Well, that was quite some day wasn’t it? After a horror night on Wall Street the ASX was down 1.6% at midday, with the banks dropping over 1%, BHP 2% and Rio almost as much, to say nothing of the smaller iron ore plays which, as predicated in Macro: Time to buy iron ore?, are beginning to fall over.

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