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…
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
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…
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (0.7%).
Results and broker talk dominated
Good bounce off 7500
CGF jumped 8.4% yesterday on good results, clawing back some of the losses in the Long Term Income Portfolio. Profit up 16% and funds under management up 18%, beating expectations. Return on equity (ROE) up an impressive 15%. Interim dividend of 13c, fully franked (up 8%). Higher than expectations but still only yielding 3.6% (5.2%…
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.…
Wall Street's major indices fell sharply overnight following a higher-than-anticipated inflation result, which tempered expectations for imminent interest rate cuts and pushed US Treasury yields higher. The S&P 500, NASDAQ, and Dow Jones fell by 1.37%, 1.80%, and 1.35%, respectively, while the Russell 2000 index fell by 3.96%. The VIX reached its highest level since…
US CPI speaks Wall Street Listens. Finally.
Is this a ‘Buy the Dip’ moment?
CBA Results.
CSL focus.
Yesterday’s Results not great generally.
