Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…
???? ASX 200 kicks another 39 points higher to 7820 (+0.5%), on better-than-expected CPI number. 3.4% slightly ahead of consensus. Good news and bad. Banks as usual the winners, with the Big Bank Basket up to $209.95 (+0.8%). Insurers jumped after the CPI showed price hikes still above and beyond inflation. QBE up 1.2% and SUN…
SUMMARY Bringing back the 3EMA charts today. Iron ore down, lithium stocks down. Keeping MIN for now, stop loss at $65.7. Glad we didn’t get sucked into buying anything else Iron Ore related. Not buying FMG in the One Stock Portfolio. MQG One Stock Portfolio in cash. No change. Gold up slightly, no change to…
Wall Street ended in the red overnight in a quiet rangebound session after the biggest weekly percentage gains for the indexes this year. The Dow Jones traded lower all session ending near session lows, down 162 points (-0.41%), the S&P 500 and the NASDAQ fell 0.31% and 0.27%, respectively, while the Russell 2000 notched a…
CNB rest day today?
GMD – upgrades.
DXB – Pitt Street Research has a 63c valuation.
Quick Takes- REITs and Bunnies
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…
SUMMARY Bond yields up. Markets down (only a bit). Enjoying the ride. Sceptical but no cracks yet – holding at the top. Debating buying FMG. But not buying it. A boring income stock 36% below intrinsic value. Mention AI and off you fly – Webjet – not complaining. Bitcoin up 11.6% and above $70,000. Just…
