Henry’s Take
Added TYR at 103c. Looking at JLG and NEU
ZIP – Target achieved – Some thoughts.
Speculative Stock of the Day – DXB Adding today
Added TYR at 103c. Looking at JLG and NEU
ZIP – Target achieved – Some thoughts.
Speculative Stock of the Day – DXB Adding today
Wall Street finished mixed overnight, recovering from earlier losses. The Dow lost 97 points (-0.25%), S&P 500 up 0.17%, NASDAQ gained 0.37%, and small-cap stocks performed well, building on yesterday's gains with the Russell 2000 gaining 1.34%. January durable goods orders declined notably, mainly attributed to weak Boeing orders, while February's consumer confidence was below…
The S&P 500 0.17% to 5,078.18.
Nasdaq added 0.37% to end at 16,035.30.
The Dow Jones fell 0.25%, to close at 38,972.41.
FLT results.
SUMMARY Iron ore up. BHP remains in downtrend. Not buying. MQG up another 0.8% yesterday vs the market up 0.1%. Staying in cash. EVN continues its downtrend after going ex-dividend yesterday. ALU remains heavily overbought after its takeover bid. JLG gets hit hard on results, down 13%. ADH backs up its 15% results rise with…
ASX 200 closes flat at 7660 despite better-than-expected CPI numbers. Only monthly though. We flipped between small gains and small losses. Big short squeeze happening in the likes of CHN, PLS, NXT and BRN. Looks like someone wanted their stock back. Banks eased back, with CBA slipping 1.0% lower. MQG down 1.0%, and insurers better.…
ASX 200 closes flat at 7660 despite better-than-expected CPI numbers.
Huge short squeeze in battery metal sector.
Results in focus.
We are holding up well – the NASDAQ is now overbought on a weekly chart (rare) and we wonder what’s attractive about the Australian market at these levels
Us Markets holding at highs – Some big ex-dividends today – Last two days of results – CPI numbers today
ASX rose a modest 10 points to 7663 (+0.1%). Off early lows. Results the focal point again. Once again, the banks doing the heavy lifting with the Big Bank Basket up to $205.96 (+0.8%). CBA leading the charge up 1.0%. MQG up 0.8% and GQG up 1.4%. While NAB, WBC and ANZ hit 52-week highs.…
Suncorp Group (SUN) – Jumped 3.5% on half-year results yesterday. The banking segment underperformed while underlying earnings in insurance came in line with expectations. 16% written premium growth for this period and full year guidance upgraded to around 13% to 16%. Underwhelming NIM in the bank segment. The results show SUN are much better at…