Members Podcast This Week
All of this week’s podcasts in one place.
End of Day Report
ASX 200 finished up 53 points to 7658 (0.7%) off early highs but still a very solid day. Up 10 points for the week. Most cylinders firing today, Banks firm as usual with the Big Bank Basket up to $202.34 (1.4%). CBA bounced 1.9% the best of the four. MQG rose 0.3% after big run yesterday, insurers…
Trading Section
SUMMARY PME and DTL join CBA and CSL with weekly sell signals after falling hard on results. No new trades today. NASDAQ, S&P 500 and Dow Jones remain overbought on a weekly basis. No changes to One Stock Portfolios. BHP has an ugly fall yesterday. GMG hits a fresh all time high after positive results.…
Marcus Take Friday – SPI Futures up 72
SUMMARY Weak US retail sales help shrug off this week’s scary CPI number. SPI Futures up 72 – Gone a bit early on calling the top (so far). ASX 200 Break out or Break down? BHP writedown headwinds – glad we didn’t buy it in the OSP. Wins on results yesterday – WES +5%, GMG…
PME Results – Ok When Great was Expected
PME reported yesterday OK results but the market smashed it, finishing the session down 13%. It along with DTL are two of the more risky stocks we hold in the Growth Portfolio. Great potential, both stocks were up almost 50% since the end October “dovish pivot” until results. With more upside potential comes more volatility…
Henry’s Take – Results Again – Reach for the Sky
Back on track.DTL added.
Results the focus. IAG and QBE this morning.
A look at TLS and TWE
GQG numbers good Buy.
Pre-Market Report – US Retail Sales fall 0.8% in January
US stocks closed higher on Thursday as retail sales data disappointed, fuelling expectations of potential interest rate cuts by the Fed in the coming months. The S&P 500 rose by 0.58%, the NASDAQ by 0.30%, and the Dow Jones climbed by 350.07 points or 0.91%. US Treasury yields edged lower, with the 10Y Treasury note…
DTL H1 FY24 Results – OK BUT RAN TOO HARD
DTL results yesterday saw the stock hammered over 11%. Similar to PME it had run hard to results and they needed to be fantastic to hold up the share price. Sales up 13% vs last year and up 38% from two years ago. EPS up 25%. Interim dividend (fully franked) up 26%. Yielding 3%. Interest…