Pre-Market Report Friday

Reports Section

All major US indexes closed sharply in the red overnight, ending near worst levels, losing more than 1% each as profit-taking weighed on shares. Dow Jones down 374 points (-1.08%). Dow at best up 222 points. Dow at worst down 379 points. S&P 500 finished below the 4400 level, down 1.35%, and the NASDAQ lost…

Woolworths – Solid Hold – but not a buy

Stock Takes

Full year results were in line with expectations if not 2% or 3% better than some forecasts. The food division did better-than-expected with increased margins (up 76bp). Described as solid growth. Some brokers upped their target price ($38.50 to $41.30) most simply left among changed. Some brokers upgraded earnings (3%), others downgraded  (2%). They didn’t…

Marcus Take – Nvidia rally didn’t last long

Box 1

SUMMARY The Nvidia rally ended – better to travel than arrive. Glad I didn’t buy FANG. The Resources bounce now looks like a blip. Annoying. Chinese property woes simmer. Bond yield yields take over the narrative again. Yawn. Jackson Hole tonight seems more likely to be Hawkish than positive. A Stock Take on Woolworths today.…