PME reported yesterday OK results but the market smashed it, finishing the session down 13%. It along with DTL are two of the more risky stocks we hold in the Growth Portfolio. Great potential, both stocks were up almost 50% since the end October “dovish pivot” until results. With more upside potential comes more volatility…
DTL results yesterday saw the stock hammered over 11%. Similar to PME it had run hard to results and they needed to be fantastic to hold up the share price. Sales up 13% vs last year and up 38% from two years ago. EPS up 25%. Interim dividend (fully franked) up 26%. Yielding 3%. Interest…
ASX 200 finished up 53 points to 7658 (0.7%) off early highs but still a very solid day. Up 10 points for the week. Most cylinders firing today, Banks firm as usual with the Big Bank Basket up to $202.34 (1.4%). CBA bounced 1.9% the best of the four. MQG rose 0.3% after big run yesterday, insurers…
ASX 200 made up yesterday’s losses closing up 58 points to 7601 (+0.8%). First ‘Super Thursday’ of results. BHP lost 1.7% on a huge write-down on nickel assets (more like liabilities) and Samarco issues. RIO dropped 0.7% with FMG 1.4% to the good. S32 results were greeted by a thud, down 4.6% and lithium stocks…
ASX 200 closed up 58 points to 7601 (0.8%). First ‘Super Thursday’ of results.
BHP lost 1.7% on a huge write-down on nickel assets
SUMMARY Plenty of sell signals as expected. Wall St bounces back overnight. Weekly sell signals from giants CBA, CSL, WBC and GMG. Daily sell signals from three of the big four banks. BHP bounces off support from the open. Not buying. MQG heading back to middle of long term trading range. COH hits another 52-week…
Buy the Dip?
Results yesterday were a little negative. Banks will bounce a little today.
TLS lifts dividend.
A look at SVW, JHX and DOW.
