ASX 200 finished up 53 points to 7658 (0.7%) off early highs but still a very solid day. Up 10 points for the week. Most cylinders firing today, Banks firm as usual with the Big Bank Basket up to $202.34 (1.4%). CBA bounced 1.9% the best of the four. MQG rose 0.3% after big run yesterday, insurers…
Back on track.DTL added.
Results the focus. IAG and QBE this morning.
A look at TLS and TWE
GQG numbers good Buy.
PME reported yesterday OK results but the market smashed it, finishing the session down 13%. It along with DTL are two of the more risky stocks we hold in the Growth Portfolio. Great potential, both stocks were up almost 50% since the end October “dovish pivot” until results. With more upside potential comes more volatility…
DTL results yesterday saw the stock hammered over 11%. Similar to PME it had run hard to results and they needed to be fantastic to hold up the share price. Sales up 13% vs last year and up 38% from two years ago. EPS up 25%. Interim dividend (fully franked) up 26%. Yielding 3%. Interest…
SUMMARY Weak US retail sales help shrug off this week’s scary CPI number. SPI Futures up 72 – Gone a bit early on calling the top (so far). ASX 200 Break out or Break down? BHP writedown headwinds – glad we didn’t buy it in the OSP. Wins on results yesterday – WES +5%, GMG…
Results season getting busy now – we are having some wins in our Portfolios with a bid for ALU and results from WES, ORG, GMG, CQE.
