End of Day Report Monday
ASX 200 rallied 45 points in quiet trade to 7157 (0.6%). Solid day on US optimism and Chinese stimulus moves.
ASX 200 rallied 45 points in quiet trade to 7157 (0.6%). Solid day on US optimism and Chinese stimulus moves.
Dow Jones up 247 points (+0.73%). It was up 342 at best and down 70 at worst. S&P 500 +0.67%. NASDAQ +0.94%. Nvidia was down 2.4%, having risen 8.8% this week after better-than-expected results. SPI Futures up 22. Ho Hum. We've been going sideways in a range for most of the year. For the week,…
All major US indexes closed sharply in the red overnight, ending near worst levels, losing more than 1% each as profit-taking weighed on shares. Dow Jones down 374 points (-1.08%). Dow at best up 222 points. Dow at worst down 379 points. S&P 500 finished below the 4400 level, down 1.35%, and the NASDAQ lost…
All major US indexes closed sharply in the red overnight, ending near worst levels, losing more than 1% each as profit-taking weighed on shares.
Full year results were in line with expectations if not 2% or 3% better than some forecasts. The food division did better-than-expected with increased margins (up 76bp). Described as solid growth. Some brokers upped their target price ($38.50 to $41.30) most simply left among changed. Some brokers upgraded earnings (3%), others downgraded (2%). They didn’t…
SUMMARY The Nvidia rally ended – better to travel than arrive. Glad I didn’t buy FANG. The Resources bounce now looks like a blip. Annoying. Chinese property woes simmer. Bond yield yields take over the narrative again. Yawn. Jackson Hole tonight seems more likely to be Hawkish than positive. A Stock Take on Woolworths today.…
ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus.
ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus.