END OF DAY Report Tuesday
ASX 200 rose 6 points to 7122 (0.1%) as results continue to dominate. ‘Do not disappoint’ is the mantra.
Pre-Market Report Monday
US markets closed out the week mixed on Friday, with the Dow up 26 points (+0.07%). Up 112 points at best and down 212 at worst, snapping losses in the last four sessions. Meanwhile, the S&P 500 was flat, and the NASDAQ fell 0.2%. ASX to slip at the opening bell; SPI Futures down 23…
END Of DAY REPORT – Monday
ASX 200 dropped 33 points to 7116 (0.5%) as results dominated. Banks slid on WBC NIM woes down to $170.88 (-0.9%) for the basket.
END Of DAY Podcast Monday
ASX 200 dropped 33 points to 7116 (0.5%) as results dominated
Members Podcast This Week
All of this week’s Members’ podcasts in one place.
Marcus Weekend
Nothing much to report overnight. Dow Jones up 26 points overnight. Up 112 at best. Down 212 at worst. NASDAQ down 0.2%. S&P 500 unchanged. Defensive stocks outperformed. Energy sector the best. NASDAQ down 2.6% on the week. Lots of newswire chatter about the significance of Powell’s speech at the Jackson Hole economic symposium on…
Members Podcast
Cash is King for another day – Until the dual sentiment cap is lifted – China and Bond Yields – sit back.
ResMed – Quality Trade
We have caught the knife buying RMD for a trade after a 25% collapse in the share price, which, as you can see below, has broken a long-term uptrend. That sell-off came after recent results (August7 2023) which missed sales forecast by 2% and saw margins down 2.1% to 55.8%. Margins were the issue, although they were only 0.3% below expectations. Brokers adjusted numbers downwards after the results to account for narrower margins and higher costs (inflation). Risks include Philips getting back into the market and suggestions that weight loss drugs could take off which would reduce the need for OSA devices.
END Of DAY Report Friday
ASX 200 fights back to close up 2 points at 7148 after a wobbly start.