MARCUS STRATEGY Struggled with this section today – there are mixed messages on the macro front. Some mild signs of a resources rally and maybe even a Big Tech (FANG+) rally. Neither are convincing enough yet. Wall St up in "Risk on rally" led by hopes for a Diplomatic solution in the Middle East, and…
A good start with the market up 74 but now drifting as the US Futures wither during the day.
Telstra held its AGM today and confirmed guidance. The share price was up a touch first thing. For big companies like this AGMs rarely contain much in the way of new news – they are more a marketing exercise for shareholders and employees rather than a business event. Outlook slide: Last year's results. As you…
RIO's AGM was well received. The stock is up 2.4% first thing, double BHP's move today. The main focus is the iron ore production guidance which was unchanged. So steady as she goes. On a PE of 9.3x and a yield of 9.5% it looks extremely cheap, but as any Australian fund manager will tell…
ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%) as geopolitical events hang and RBA minutes show RBA thought about a rate rise. Plenty of green on screen today with the Big Banks doing well, CBA up 0.5% and the Big Basket Basket up to $177.81 (+0.7%). Insurers rallied, with…
ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%) as geopolitical events hang and RBA minutes show RBA thought about a rate rise. Plenty of green on screen today with the Big Banks doing well, CBA up 0.5% and the Big Basket Basket up to $177.81 (+0.7%).
S&P 500, Nasdaq fall with data, geopolitics offsets strong results.
Treasuries, gold prices rise, stocks fall on Mideast fears.
US yields slide on worries Israeli raids inside Gaza could escalate.
European shares fall on global risk-off mood but log weekly gains.
SMALL CAP PORTFOLIO 3.00pm Updates I have added a 3% holding in GMD at 140.5c despite the move to tidy up the DCN register with its bid this morning. Plenty of chatter on LTR and what it all means. As members will know I had been advocating taking the 300c and running. Maybe having a…
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ASX 200 lost 25 points to 7027 (0.4%) as caution prevailed. It is a big week ahead with results, AGMs and economic data. Many players happy to hug the sidelines. Banks eased back with the Big Bank Basket down to $176.66 (0.5%). WBC the worst of the bunch down 0.8%. MQG off 1.4% with insurers mixed and fund managers easing. MFG fell 4.1% after moves in MGF to change its structure next year.
