Pre-Market Podcast Thursday
US markets ended sharply higher, ending just off best levels, their biggest gain in nearly two months.
US markets ended sharply higher, ending just off best levels, their biggest gain in nearly two months.
BHP’s full year results confirmed that BHP is a long-duration trading stock, not a quality, reliable, and especially not a "hold forever" income stock as some people imagine. Despite the brand name there is nothing the company can do when iron ore prices fall 18% in six months, copper prices fall 12% and coal prices…
PE HISTORY The orange line is the share price – the blue line is the Forward PE history. The horizontal blue line is the average PE over the chart period. THE CHART There is a daily short-term buy signal on the chart. DIVIDENDS Going Ex-dividend on August 30. BROKER STUFF
Adding FMG, MIN and CIA as a trade today. Hoping to catch a rally in resources. Short term. Not enough evidence here to buy BHP in the one-stock portfolio. They have gone in on the opening prices today.
ASX 200 rose 34 points to 7191 (0.5%). A solid grind higher with banks in demand.
ASX 200 rose 34 points to 7191 (0.5%). A solid grind higher with banks in demand.
Wall Street ended mostly lower overnight, ending just off worst levels. Dow down 175 points (-0.51%). Dow at best up 50 points. Dow at worst down 207 points. S&P 500 extended its August slide down 0.28%, weighed down by banks as S&P Global Ratings joined Moody’s in cutting some US lenders’ ratings amid a “tough”…
MARCUS TAKE SUMMARY Waiting for Nvidia results tomorrow morning after US market close. Good results will be OK, OK results will be bad and bad results will be disastrous. There’s nothing suggesting the NASDAQ is a buy – can Nvidia change that? Jackson Hole still in focus. Might be an anti-climax. Risk of Hawkishness. Chinese…
Wall Street ended mostly lower overnight, ending just off worst levels. Dow down 175 points (-0.51%).