Henry’s Take – Taking Profits and Adding Lithium!
Powell is a nothing burger!
ZIP in focus. UBS upgrades.
Sold GMD yesterday. Added LTM. LPI gone.
The Lucky Shag it is for Perth Meeting.
Powell is a nothing burger!
ZIP in focus. UBS upgrades.
Sold GMD yesterday. Added LTM. LPI gone.
The Lucky Shag it is for Perth Meeting.
Talking ZIP, ABB and two stocks to watch SXE and GNP
Plenty of chatter on Ai too and tech stocks locally.
Sold some GMD yesterday on the gold rush.
Lithium in focus.
Cettire – Good article in AFR.
On the Couch preview with UCP Tech analyst.
The NASDAQ dropped 1.65% overnight. Lithium stocks cratered again. Bitcoin even peaked. We have gone “Risk Off” for a day.
SUMMARY Wall St sells off lead by the NASDAQ. Has the short-term top hit? Daily sell signals from the REIT, consumer discretionary and financial sectors. MQG in cash and coming off the top. No change to LLC and BOE trades. No change to BHP One Stock Portfolio. Markets appearing unimpressed by the latest round of…
Following a member request and it printing a daily buy signal on Monday we are taking a look at Corporate Travel Management (CTD). The company reported two weeks ago and got whacked 20%. Earnings rose by 96%, profit rose by 162% and the dividend rose by 183% to 17c (unfranked). Solid numbers driven by client/market…
Was that the Big Tech Top? Far too early to say. And Nvidia was up. Our Futures only down 10 – a lack of Tech helps sometimes. Cynicism over China’s “meaningless” 5% GDP target. Concerns for Tesla’s and Apple’s Chinese sales. Lithium smashed again – Albermarle exploits the froth. Goldman predicts 25% fall in lithium from here. Short covering rally won’t last. Bond yields conming down nicely. Powell speaks 2am Thursday morning. Bitcoin tops out for a day. Lots of ex-dividends again.
ASX 200 flips to close at 7734 up 9 (+0.1%), turning positive as GDP number disappoints and hopes for a rate cut brought forward. Banks once again the drivers of the market, with the Big Bank Basket up to $208.37 (+1.1%). MQG kicked 0.5% higher, ASX up 0.4% and health insurers up. REITs mixed, GMG…
The Nasdaq Composite pulled back by 1.65%. Apple slips.
Dow lost 1.04%, to 38,585.19.
The S&P 500 dipped 1.02%.
ASX SPI down 10