Henry’s Take – Super Thursday! Not for BHP!
Buy the Dip?
Results yesterday were a little negative. Banks will bounce a little today.
TLS lifts dividend.
A look at SVW, JHX and DOW.
Pre-market Podcast
The 500-stock index advanced 0.6%, while the Nasdaq Composite climbed 0.9%.
The Dow Jones added 82 points, or 0.2%.
ASX SPI up 52 points. Results.
CSL H1 FY24 Results Update
CSL results on Tuesday were OK but not great. Earnings came in line with expectations while profit beat thanks to cost reductions. The company kept guidance unchanged but currency forecasts now see the USD ending the year higher than the companies forecasts. Resulting in an ~85m headwind. Out of the three major segments, Behring, Seqirus and Vifor…
End of Day Report – BHP Weighs on Index Following $5.7bn Impairments
ASX 200 made up yesterday’s losses closing up 58 points to 7601 (+0.8%). First ‘Super Thursday’ of results. BHP lost 1.7% on a huge write-down on nickel assets (more like liabilities) and Samarco issues. RIO dropped 0.7% with FMG 1.4% to the good. S32 results were greeted by a thud, down 4.6% and lithium stocks…
CBA H1 FY24 Results Update
CBA POST RESULTS (HELD IN GROWTH AND INCOME PORTFOLIOS) Lots of commentary on the CBA after yesterday’s result. The number was pretty much in line with expectations, described as “solid and clean” by Macquarie but margins were down 6bp with “further margin headwinds”. The bias is towards downgrades rather than upgrades and the result this…
END Of DAY Podcast
ASX 200 closed up 58 points to 7601 (0.8%). First ‘Super Thursday’ of results.
BHP lost 1.7% on a huge write-down on nickel assets
On the Couch With Adam Dawes – Shaw and Partners
As always a delight to have Adam on with some very interesting stock picks.
Some high conviction sectors and specifics.
Sit back and enjoy.
Marcus Take Wednesday – Bond yields pop as inflation won’t drop
SUMMARY Bond yields pop as inflation won’t drop. Nothing precipitous, just an end to the strong trend. Interest rate sensitive sectors to top out – Banks, REITs, Tech. CBA results underwhelming, NIM under pressure. Excuse to top out. Selling trades. Come back in a month. Stocks that like higher rates – CPU, QBE, CGF, IAG.…
End of Day Report
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (-0.7%). Results and broker talk dominated again with a negative lead from Wall Street colouring the landscape. Banks under pressure following CBA results showing NIM remains under pressure CBA fell 1.7% well off lows. The Big Bank Basket down 1.6% with CBA in…