Henry’s Take – Quick Takes – Lithium Under Pressure Again
CNB rest day today?
GMD – upgrades.
DXB – Pitt Street Research has a 63c valuation.
Quick Takes- REITs and Bunnies
END Of DAY Report
ASX 200 fell 32 points to 7780 in quiet trade. Winding down for Easter early it seems. Conflicting consumer sentiment surveys not helpful. Resources once again the problem. Iron ore down in Asian trade, hurting commodity stocks across the board. After a steady start, lithium in China slid and iron ore under pressure. FMG dropped…
Henry’s Take – Quiet Start – Two More Monday Takeovers
The Arbitrage Portfolio – Two new deals announced this morning.
CZR follows the Iron Ore sentiment. Cash coming.
US Check-Ins
Macquarie’s New FOMO Sentiment meter.
End of Day Report
ASX kicked another 41 points higher to a near record close of 7812 (0.5%). Banks were solid again, CBA up 1.1% and ANZ slightly higher. The Big Bank Basket trading at $208.94 (0.6%). MQG slid 0.8% despite stories of a bid for part of Heathrow Airport. Insurers flat. REITs rallied with GMG leading the way…
Trading Section
No changes to trades today. Gold down slightly in the US but bond yields dropping will help. Lithium and Iron Ore's bounce short lived. No major damage to MIN yet. Edged out some more gain in LLC on Friday but monitoring closely. JMS looking good for now. Alert as it is a stock that could…