US markets closed strongly higher on Friday night after falling bond yields fuelled a renewed tech rally. The NASDAQ outperformed, up 1.14%. The S&P 500 rose 0.8% and the Dow Jones finished up 91 points (0.23%). Both the NASDAQ and S&P 500 hit fresh record highs. US bond yields had a large fall after US…
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed. BHP off 1.5% and FMG getting whacked down 3.2%. Lithium stocks gave back some early solid gains, prices slipping slightly in China. MIN down 2.1% and PLS up only 0.7% with IGO falling 1.7%. Gold miners were…
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed.
Gold soars. Banks firm.
Good Morning you lovely Members. All is good in stock market land. SPI Futures up 11 points this morning. Dow Jones up 90. The NASDAQ just hit a second new all-time high on the trot (up 1.14% overnight). US markets have had four straight months of gains. Nvidia up another 4% having risen 33% in…
Happy Easter (Results are Over) To paraphrase the late John Lennon, It has been a long month. Results season always is, and the numbers drop thick and fast. Analysts are ignored by quant funds, hedge funds and proprietary traders as the algo focus on keywords and shoot first and analyse later. We have some extreme…
National Australia Bank (NAB) results: Up a mere 1.6% since reporting, meeting most brokers expectations. Statutory profit of $1.7bn. Cash earnings fell 17% compared to 1Q23 mostly due to impairment charges. The credit impairment charge came in at $193m. Higher than last quarter’s $165m due to rising mortgage arrears (people not paying the required amounts…
Smartgroup Results (SIQ) – We hold it in the Income Portfolio. The company is up 14% since results. They do salary packaging, novated leasing, fleet management, payroll administration and other HR services. Revenue of $251.6m, up 12% YonY, operating EBITDA of $100.3m (+7%), and NPATA of $63.2m (+3%). Notable highlights include a rise in novated…
Paladin (PDN) Results – No revenue or dividends yet as expected. Profit of $61m mostly from the reversal of an old impairment charge offsetting costs of getting the mine up and running again. 45% of a stockpile at the mine was impaired back in 2016 due to low prices. Thanks to the recent rise in…
