Trading Ideas Section
SUMMARY NASDAQ down 0.7%. SNAS set for a good start. Selling all Ideas save for SNAS. Loathe to cut ALL so soon but too much risk and uncertainty to carry on. On that vein selling the two oil exposures as well. Locking in a solid profit for WDS and no damage done for KAR. USD…
Inside Information
Bell Financial Group (BFG – the broker) hit a 52 week high yesterday. I used to work at Bells of course, back in 1998. Sat next to Andrew Bell for a few years and learned the retail stockbroking trade. I have been a stockbroker since 1982 but Andrew taught me how to be a retail…
Trading Ideas Section
SUMMARY The NASDAQ falls over. Clearing out tech sensitive AD8 and the last mining stock we hold SFR. WDS up a touch yesterday. KAR down 1.6% after Morgan Stanley lowers its Crude price forecast. Set to recover today with WTI up 2.7%. Sold CIA yesterday at least. The heavy-weight miners all finished the day in…
Henry’s Take
Added CTT yesterday.
Why EOS looks positive.
ZIP raises more than its market cap 7 months ago!
Trump 2.0.
Ausbiz – The Call yesterday.
Pre-Market Report – Chip Stocks Lose Over $500 Billion in Value Amid China Trade Concerns
Wall Street ended mixed overnight. The S&P 500 and NASDAQ fell sharply, with tech and chip stocks getting hammered following reports the US was mulling tighter chip curbs on exports to China, triggering the sell-off. S&P 500 -1.39% and NASDAQ -2.77%. Wall Street semiconductor index lost more than $500bn in stock market value, its worst…
End of Day Report – Australia’s Unemployment Rate Rises to 4.1% in June, Reducing Chances of a Rate
ASX 200 slips 21 points to 8037 (-0.3%) after the jobs number put rate rises (yes, rises) back on the table. Relatively calm markets as US futures rose and chip stocks soured again in Asia. Banks eased back, CBA down 0.6% and the Big Bank Basket slipping to $228.89 (-0.4%). Other financials eased QBE down…