On the Couch With Adam Dawes – Shaw and Partners
As always a delight to have Adam on with some very interesting stock picks.
Some high conviction sectors and specifics.
Sit back and enjoy.
Pre-Market Report – US Inflation Hotter Than Expected
Wall Street's major indices fell sharply overnight following a higher-than-anticipated inflation result, which tempered expectations for imminent interest rate cuts and pushed US Treasury yields higher. The S&P 500, NASDAQ, and Dow Jones fell by 1.37%, 1.80%, and 1.35%, respectively, while the Russell 2000 index fell by 3.96%. The VIX reached its highest level since…
Marcus Take Wednesday – Bond yields pop as inflation won’t drop
SUMMARY Bond yields pop as inflation won’t drop. Nothing precipitous, just an end to the strong trend. Interest rate sensitive sectors to top out – Banks, REITs, Tech. CBA results underwhelming, NIM under pressure. Excuse to top out. Selling trades. Come back in a month. Stocks that like higher rates – CPU, QBE, CGF, IAG.…
Trading Section
SUMMARY Wall St Falls. Expect a host of sell signals tomorrow. Selling all trades from the Ideas portfolio this morning. Will watch from the sidelines in the short-term. Not precipitous enough to think about SNAS. Selling MQG from the One Stock Portfolio. Didn’t hold IZZ for long but selling into strength at least. WDS lacking…
Henry’s Take – CBA Results and Wall Street Listens (Finally)!
US CPI speaks Wall Street Listens. Finally.
Is this a ‘Buy the Dip’ moment?
CBA Results.
CSL focus.
Yesterday’s Results not great generally.
END Of DAY Podcast
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (0.7%).
Results and broker talk dominated
Good bounce off 7500
End of Day Report
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (-0.7%). Results and broker talk dominated again with a negative lead from Wall Street colouring the landscape. Banks under pressure following CBA results showing NIM remains under pressure CBA fell 1.7% well off lows. The Big Bank Basket down 1.6% with CBA in…
Challenger Results Impress
CGF jumped 8.4% yesterday on good results, clawing back some of the losses in the Long Term Income Portfolio. Profit up 16% and funds under management up 18%, beating expectations. Return on equity (ROE) up an impressive 15%. Interim dividend of 13c, fully franked (up 8%). Higher than expectations but still only yielding 3.6% (5.2%…