Paladin (PDN) Results – No revenue or dividends yet as expected. Profit of $61m mostly from the reversal of an old impairment charge offsetting costs of getting the mine up and running again. 45% of a stockpile at the mine was impaired back in 2016 due to low prices. Thanks to the recent rise in…
Reporting season winner for the big banks was Westpac (WBC). Up over 7% since reporting as margins fell less than expected. Banks doing rather nicely at the moment. WBC is well overbought on a daily chart. Broker research out this morning is positive which the results described as “sound” and “solid”. The company beat estimates…
Lithium stock bounce – A rally or a material pivot point? Macquarie – missing recent gains but not buying. End of the results season – we can get back to thinking rather than reporting. Directors buying LLC and BEN. What its like being a broker in a dog eat dinner world. End of the month – the scores on the doors.
Woolworths (WOW) results: Fell 6% on the day and has since fallen into a bit of a sentiment hole. Down 8% since. Solid results from Australian food and B2B (the online segment which delivers food to businesses) was offset by a poor performance from Big W and the NZ segment. “Challenging conditions” were stated after…
Wall Street closed in the red overnight as markets remain cautious ahead of PCE inflation data tomorrow that could influence the Fed’s rate cut decisions. The Dow slipped by 0.06%, the S&P 500 by 0.17%, the NASDAQ by 0.55%, and the Russell 2000 by 0.77%. Market activity was subdued, with no specific catalyst driving the…
Reporting season theme is CONTROL.
Added DXB yesterday – How options work.
ASX 200 shrugs off early weakness to close up 38 points at 7699 (0.5%).
Good gains in industrials.
Results in focus – HVN up 4.4%
The results season finishes today – we have two new trades in the Idea Portfolio today
SUMMARY Two new trades today: LLC and BOE. Adding using opening prices. MQG runs into resistance. Cash. No change to BHP. JBH prints a weekly sell signal after its excellent run. Up 44% in the last year. China focussed A2M and TWE overbought after a recent (potential) renaissance. ALL hits a 52-week high. OBSERVATIONS Two…
The S&P 500 pulled back 0.17%.
The Nasdaq Composite fell 0.55%.
The Dow Jones fell 0.06%, to end at 38,949.02
Bitcoin surges past US$64,000 Briefly.
