ASX 200 closes flat at 7660 despite better-than-expected CPI numbers. Only monthly though. We flipped between small gains and small losses. Big short squeeze happening in the likes of CHN, PLS, NXT and BRN. Looks like someone wanted their stock back. Banks eased back, with CBA slipping 1.0% lower. MQG down 1.0%, and insurers better.…
ASX 200 closes flat at 7660 despite better-than-expected CPI numbers.
Huge short squeeze in battery metal sector.
Results in focus.
Wall Street edged lower overnight as attention turned to forthcoming economic indicators potentially influencing the Fed’s interest rate timeline. The S&P 500 slipped by 0.39%, the NASDAQ Composite by 0.13%, and the Dow shed 62.23 points. Notably, the S&P 500 has recorded gains in 15 of the past 17 weeks, a feat observed only once…
Speculative Stock of the Day: IRI
Lithium up 4 days -PLS on the move.
Leverage ETFs – Are they good buys?
ABB bids for SLC
U.S. stocks ended Monday in the red.
The Dow Jones fell 0.16%.
The S&P 500 and Nasdaq dropped 0.38% and 0.13%, respectively.
SPI down 4.
SUMMARY Investment banks down in the US. MQG hits a 52-week high. Is that the top for now? Iron ore down, Oil up. Not buying BHP. Keeping an eye on WDS for a new uptrend (results today). LLC prints a daily buy signal after being dumped on results last week. KGN shoots into overbought territory…
US markets quiet but holding their highs. US CPI number tomorrow is the signpost this week. Resources down again overnight on iron ore price risk worries.
Macquarie annoying us – 52 week high. Three more days of results- Expected today – WDS, COL, REH, ALU, AWC, ABC, JLG
Stocks we hold with results yesterday – SUN and NHF – we have a look.
A lot of Dividends on the horizon.
AI swamping HI (Human Intelligence) on Reuters.
Almost there- two more days of resutls left – TLS ex-dividend tomorrow – CPI numbers ahead
Suncorp Group (SUN) – Jumped 3.5% on half-year results yesterday. The banking segment underperformed while underlying earnings in insurance came in line with expectations. 16% written premium growth for this period and full year guidance upgraded to around 13% to 16%. Underwhelming NIM in the bank segment. The results show SUN are much better at…
ASX rose a modest 10 points to 7663 (+0.1%). Off early lows. Results the focal point again. Once again, the banks doing the heavy lifting with the Big Bank Basket up to $205.96 (+0.8%). CBA leading the charge up 1.0%. MQG up 0.8% and GQG up 1.4%. While NAB, WBC and ANZ hit 52-week highs.…
