END Of DAY Podcast
ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%).
End of Day Podcast Tuesday
ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%). Resources are back in fashion as FMG led the iron ore miners higher up 2.7%, with BHP and RIO also doing well. Lithium had a rare day in the green, PLS up 0.9% and MIN up 3.1%. Gold miners slightly higher.
Pre-Market Report
US markets enjoyed a positive night on Friday. Bond yields stabilised during the session and no Hawkish surprises from Fed speakers. The Dow Jones rose 418 points (1.15%), the S&P gained 1.56% and the NASDAQ jumped 2.05%. The S&P rose above 4,400 and its 100-day moving average, and the NASDAQ’s rise was the biggest in…
Henry’s Take – To SPP or To Not SPP
SMALL CAP PORTFOLIO 2.45pm Updates Lithium remains on the nose. IVZ falling as more testing issues weigh. MQG getting whacked as ex dividend and more. Speculative Stock of the Day: 4DX +62% on CMS approves reimbursement for 4D Medical scans. Honorable mention to TG6 +27% SSOTD last week. Expanded lithium soil samples at Lake Johnston.…
Strategy By Henry- ANZ Results
SUMMARY
ANZ Results – First look. Nothing to really spook the horses. Dividend surprise. Franking drops though.
We are expecting a solid start to the session today given the moves in the US on Friday.
Plenty of economic data this week. US shutdown looms again.
ASX Today
ASX 200 is down 7 points as a positive lead from the US quickly fades. Four sectors are up, two flat and five down. Utilities are the best performers today (not saying much) helped by ORG (+1.7%) which announced a special (conditional) dividend. Financials are the worst as ANZ drags the sector lower on results. CBA is slightly up 0.2%, WBC down 0.4%, NAB the standout up 1.3%. ANZ itself opened dow
End of Day Report
The ASX 200 falls 28 points to 6949 (0.4%) in a quiet start to a big week. ANZ results dominated with a small sell-off after missing some targets and dividend franking levels. The Big Bank Basket dropped to