Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…
Not much to report today – waiting for the CPI numbers on Wednesday in Australia and Thursday night in the US.
ASX 200 fell 32 points to 7780 in quiet trade. Winding down for Easter early it seems. Conflicting consumer sentiment surveys not helpful. Resources once again the problem. Iron ore down in Asian trade, hurting commodity stocks across the board. After a steady start, lithium in China slid and iron ore under pressure. FMG dropped…
CNB rest day today?
GMD – upgrades.
DXB – Pitt Street Research has a 63c valuation.
Quick Takes- REITs and Bunnies
Wall Street ended in the red overnight in a quiet rangebound session after the biggest weekly percentage gains for the indexes this year. The Dow Jones traded lower all session ending near session lows, down 162 points (-0.41%), the S&P 500 and the NASDAQ fell 0.31% and 0.27%, respectively, while the Russell 2000 notched a…
SUMMARY Bond yields up. Markets down (only a bit). Enjoying the ride. Sceptical but no cracks yet – holding at the top. Debating buying FMG. But not buying it. A boring income stock 36% below intrinsic value. Mention AI and off you fly – Webjet – not complaining. Bitcoin up 11.6% and above $70,000. Just…
Gold likely to do well today. Holding BGL and NST. Bitcoin up 11.6%. SQ2 set to benefit. JMS drops 8.5%, shouldn’t have said it yesterday. Will hold with a stop loss just under 20c. MIN’s iron ore exposure offsetting lithium’s short-lived bounce. Uptrend still in place. No change to LLC. Back on the up. Tempted…
