Pre-Market Podcast Thursday

Podcast Section

US equities finished mixed overnight. Blue chip Dow Jones closed down 72 points (-0.22), weighed down by healthcare stocks. Dow at worst down 171 points. S&P 500 was essentially unchanged, down 0.04%, and the NASDAQ gained 0.27% after Powell reiterated that interest rates would rise further this year and that he did not see inflation falling to its target rate this year or next year. US treasuries softened ahead of Friday’s PCE price index results, and the greenback strengthened on Powell’s tough talk. Among stocks, Nvidia fell 1.8% after the US government is considering restrictions on exports of AI chips to China and Netflix gained 3.06% after Oppenheimer raised its price target.

Technical Scans Thursday

Box 1

SUMMARY I have listed Weekly (for investors) as well as Daily (Better for traders) signals today. After a solid rally on the ASX yesterday there are more buy signals than anything else. Some Retail sector buy signals today. Weekly Buy signals – BOQ, HVN, IPL, PMV. Daily Buy signals – FLT, LOV, PMV, AX1, ADH,…

Marcus Take Thursday

Box 3

SUMMARY Good day yesterday, no follow-through overnight. Retailers bottoming as rate rise fear dissipates. US sees low volumes as long weekend approaches – Holiday Season in the US. I have started breaking out Weekly (for Investors) from Daily signals (for Traders) in the Technical Scans. By popular demand – a spreadsheet with expected dividend dates…

Forecast Ex-dividend Dates

Education

Someone asked, so here it is. Using the Marcus Today DIVIDEND PREDICTOR, you can find our best guess at an ex-dividend date. But you can only look at one stock at a time. Then we have our Dividend Tables  – but they only ever show dividends that have been announced. So they won't include the…

Midday Report Thursday

Reports Section

MARKET AT MIDDAY The ASX rallied at the opening bell, despite SPI futures 5 point lower overnight. The ASX 200 dropped lower after the release of jobs numbers and Retail sales at 11:30 as Retail sales beat forecasts of 0.1%, coming in at 0.7%. Market at midday up 7 points (+0.1%) to 7204. Job vacancies in…

Members Podcast Thursday

Podcast Section

Good day yesterday, no follow-through overnight. Retailers bottoming as rate rise fear dissipates.US sees low volumes as long weekend approaches – Holiday Season in the US. I have started breaking out Weekly (for Investors) from Daily signals (for Traders) in the Technical Scans. By popular demand – a spreadsheet with expected dividend dates on it.

END Of DAY Report

Uncategorized

COMPANY NEWS National Australia Bank (NAB) – Alison Kitchen, the chair of KPMG Australia, has been announced as a non-executive director of NAB. Medibank Private (MPL) – Revealed its plan to return $125m to customers as a result of permanent net claims savings during the COVID-19 pandemic. The insurance provider aims to give cash back…

End Of Day Report Thursday

Reports Section

ASX 200 closed down 2 points to 7195, sinking from early gains after Retail sales show signs of resistance, coming in at 0.7% for May compared to 0.1% forecast. Consumer discretionary had an obvious boost from the higher retail numbers, EDV up 0.6%, DMP up 2.1%, and BBN jumped 7.4%. Banks continued to rally, ANZ…