Midday Report Tuesday

MARKET AT MIDDAY The ASX 200 is up 19 points to 7325 (+0.3%) driven by gains on Wall Street overnight. The materials sector performing particularly well, bouncing back from a previous sell-off, with BHP Group (BHP) +3.9%, Fortescue Metals (FMG) +4.7%, and Rio Tinto (RIO) +4% all showing gains. Iron ore futures on the Singapore exchange also increased by 0.9% to $US113.65 a tonne. Energy stocks continuing…

End Of Day Report Tuesday

ASX 200 closed up 33 points to 7340 (+0.5%), snapping a two-day decline, led by miners and energy stocks, although investors exercised caution ahead of local quarterly CPI results and FOMC meeting both due on Wednesday. Iron ore miners led the advance, sector majors BHP, RIO and FMG up 3.3%, 3.4% and 4.6%, respectively. Energy…

Pre-Market Report Monday

The US stock markets experienced a mixed week last week, with most US mega-cap companies facing declines. The Dow Jones managed to inch higher, gaining 3 points (0.01%), marking its tenth consecutive day of advances and its longest rally in nearly six years. At its best, the Dow was up by 115 points, while at…

Henry’s Take – Zero Caution Ahead

SMALL CAP PORTFOLIO 3.15PM Updates Lithium stocks very much on the nose. CXO quarterly sub-optimal. Lithium pricing easing back. Good to see LRS pulling back too. Looking at 30c as a point to get interested again. Just finished a On the Couch Podcast with Peter Harold CEO POS. Speculative Stock of the Day: Not much…

Strategy By Henry – An Innocent Bystander?

STRATEGY Big week but more a bystander at the moment. MQG AGM, a focal point for OSP. Fed to raise but then what? Earnings season looms. Not much to add today. I have sold out of the HNDQ ETF last week. Only holding the IHVV in the strategy portfolio. Nothing in the One Stock Portfolio.…

Midday Report Monday

MARKET AT MIDDAY The ASX 200 is up 6 points to 7320 (+0.1%), starting the week on a positive note. The energy sector driving gains, with Woodside Energy (WDS) +1.7%, Santos (STO) +1.8%, and Beach Energy (BPT) +0.5% all up. The market keeping an eye on data indicating a contraction in Australian manufacturing and services activities in July, as well as awaiting second-quarter inflation data expected…

End Of Day Report Monday

ASX finished down 8 points to 7306 (-0.1%) in a subdued day of trading ahead of CPI release on Wednesday, with forecasts of a further decline in inflation MoM. Energy the biggest gainer as Crude continues to gain, WDS and STO both gaining 2.3% and 2.2%. Banks continuing to ease off from last week, while…