END Of DAY Podcast
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed.
Gold soars. Banks firm.
Henry’s Take – Big Week Ahead. Again!
Gold in focus today.
HM1 looking interesting as US activist takes 10%.
US Check Ins.
Big week for Central Banks. China too.
Index changes announced.
Henry’s Weekend Take – And Breathe…
Happy Easter (Results are Over) To paraphrase the late John Lennon, It has been a long month. Results season always is, and the numbers drop thick and fast. Analysts are ignored by quant funds, hedge funds and proprietary traders as the algo focus on keywords and shoot first and analyse later. We have some extreme…
Members Podcast This Week
All of this weeks podcasts in one place.
Marcus Weekend
Good Morning you lovely Members. All is good in stock market land. SPI Futures up 11 points this morning. Dow Jones up 90. The NASDAQ just hit a second new all-time high on the trot (up 1.14% overnight). US markets have had four straight months of gains. Nvidia up another 4% having risen 33% in…
MMS Results Recap
McMillan Shakespeare (MMS) held in the Income Portfolio is up 25% since results last week. It is now well overbought – having a habit of spiking on results and then peaking. 1HFY24 reports novated lease sales up 25.7%, sales up 42.9% to $87m. Profit of $37m up 5.8%. Interim fully franked dividend of 76c, up…
Trading Section
SUMMARY ASX200 within a point of its all time high. Staying in cash in the MQG One Stock Portfolio while upside gain remains limited. Staying in cash in the BHP One Stock Portfolio. LLC and BOE off to a good start. Up 4.1% and 2.2% yesterday. PLS overbought on a daily basis. You need to…
WOW Results Recap
Woolworths (WOW) results: Fell 6% on the day and has since fallen into a bit of a sentiment hole. Down 8% since. Solid results from Australian food and B2B (the online segment which delivers food to businesses) was offset by a poor performance from Big W and the NZ segment. “Challenging conditions” were stated after…
NAB Results Recap
National Australia Bank (NAB) results: Up a mere 1.6% since reporting, meeting most brokers expectations. Statutory profit of $1.7bn. Cash earnings fell 17% compared to 1Q23 mostly due to impairment charges. The credit impairment charge came in at $193m. Higher than last quarter’s $165m due to rising mortgage arrears (people not paying the required amounts…
PDN Results Recap
Paladin (PDN) Results – No revenue or dividends yet as expected. Profit of $61m mostly from the reversal of an old impairment charge offsetting costs of getting the mine up and running again. 45% of a stockpile at the mine was impaired back in 2016 due to low prices. Thanks to the recent rise in…