Members Podcast Thursday – Banks downgraded
The market struggling as banks drop on the back of a Macquarie downgrade
End of Day Report – ARU Soars 76.3% on New Funding Deal!
ASX 200 slipped 16 points to 7714 (-0.2%) as banks came under pressure finally. The index bounced off the 7705, around the level of the sell-off on Monday. Banks saw big sellers as Macquarie downgraded, WBC down 3.8%, CBA off 1.1%, and ANZ falling 3.8%. The Big Bank Basket down to $204.87 (-2.1%). MQG also…
Marcus Take
SUMMARY There are Income Stocks – and there are stocks with high yields. Why brokers are always wrong about the CBA. Why brokers say STRONG BUY. CPI behaves – climbing the Wall of No Worries. Growth and Income Portfolios are now in 17-18% cash. Selling PPT today (it's now gone ex-dividend). Lots of Central Bank…
Trading Section
SUMMARY BOE recovers from another soft open to finish in the green. BHP chart getting worse by the day. Close to oversold. MQG hovering near highs. Not buying. Japan and India ETFs print weekly sell signals. SUN hits a 52-week high. WDS hits a 52-week low despite the oil price fairly steady. OBSERVATIONS BOE recovers…
Pre-Market Report – US CPI Inline with Expectations
US stocks rallied overnight, with the S&P 500 reaching a record high close fuelled by gains in Oracle shares and despite a marginally higher-than-expected CPI result. The S&P 500 climbed 1.1%, while the NASDAQ and Dow Jones also posted gains of 1.1% and 0.61%, respectively. Headline inflation rose to 3.2%, exceeding forecasts, the monthly rate…
Henry’s Take – US CPI and the Deficit We Don’t Talk About!
US Deficit and CPI-No one cares really. They say they do.
A Look at QIP and IPH.
The Big Bank Basket and franking credits.
Members Podcast Wednesday – What is an Income Stock?
Oliver joins us today to discuss Telstra and just what makes an income stock
End of Day Report
The ASX 200 has ended the day up 17 points (0.22%) in mixed trade. US inflation data has filtered through to our market with Consumer Discretionary stocks leading the gains along with Real Estate and Financials. ALL and JBH rose 2.1% and 1.4%. GMG and SCG both finished up 2.5% and 0.9% despite bond yields…