NAB Results Recap

National Australia Bank (NAB) results: Up a mere 1.6% since reporting, meeting most brokers expectations. Statutory profit of $1.7bn. Cash earnings fell 17% compared to 1Q23 mostly due to impairment charges. The credit impairment charge came in at $193m. Higher than last quarter’s $165m due to rising mortgage arrears (people not paying the required amounts…

WOW Results Recap

Woolworths (WOW) results: Fell 6% on the day and has since fallen into a bit of a sentiment hole. Down 8% since. Solid results from Australian food and B2B (the online segment which delivers food to businesses) was offset by a poor performance from Big W and the NZ segment. “Challenging conditions” were stated after…

End of Day Report – 360 Jumps 38.5%

ASX 200 closes up 47 points to 7724 (+0.6%) on an all-time high. Defensive sectors were sold off as risk appetite returned with a vengeance. Lithium stocks were on fire as the short squeeze continued. Uranium stocks sold down as the fizz seemed to have left the building. PLS up another 4.3%, but LTM screaming ahead…

Trading Section

SUMMARY ASX200 within a point of its all time high. Staying in cash in the MQG One Stock Portfolio while upside gain remains limited. Staying in cash in the BHP One Stock Portfolio. LLC and BOE off to a good start. Up 4.1% and 2.2% yesterday. PLS overbought on a daily basis. You need to…

Pre-Market Report – US PCE In Line With Consensus

The S&P 500 and NASDAQ hit record highs, propelled by AI-related tech stocks, as inflation data and remarks from Federal Reserve officials influenced expectations for interest rate adjustments. The Dow Jones rose 0.12%, with the S&P 500 and NASDAQ gaining 0.52% and 0.90%, respectively. February saw the S&P 500 rise by 5.17%, NASDAQ by 6.12%, and the…