Origin Energy (ORG) AND Iress (IRE) are the stocks of the day - with big news from Origin in the takeover sage, the plan B proposal has been rejected and shares are down. While Iress (IRE) has released updated guidance with EBITDA for FY23 is expected to be between $123M-$128M, versus previous expectations of $118M-$122M. Our experts, Daniel Ortisi from Stock Doctor and Michael Gable from Fairmont Equities, shared their views on the two stocks. Daniel says that there's a lot going on with Origin at the moment and would be watching very closely and with Iress, he says the update shows they're moving in the right direction but isn't taking action yet. Michael is not that interested in businesses like Origin and hasn't watched it too closely. Iress on the other hand, is one he agrees with Daniel on - the announcement looked good, but not so sure about the long-term. So what will it be for the two stocks today, a buy, hold or sell?
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Stocks covered:
Fortescue Metals (FMG)
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4DMedical (4DX)
Paladin (PDN)
Bank of Queensland (BOQ)
Stanmore Resources (SMR)
Electro Optic Systems (EOS)
Temple & Webster (TPW)
Lynch (LGL)
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