Education Corner – The Problem With Dividends
There are plenty of very experienced investors who sell big income stocks just before they go ex-dividend
Pre-market Report
Wall St closed lower overnight. A 9.3% rise in Nvidia initially saw markets open higher before economic data renewed inflation concerns. Triggering a nervous sell-off. The Dow Jones lost 606 points (1.53%), weighed down by Boeing (-7.6%) and Intel (-4.3%). Closing near the low in its worst session in over a year. The other two…
Marcus Take Sumnmary
Nvidia trying to hold the market up on its own – and failing. Checking the charts – nothing major to worry about…yet. If I was a trader I’d be taking profits. Getting that vibe. Sell signal on the Dow Jones but it’s a rubbish index. Xero – Research after results. Might get it lower.
Trading Section
SUMMARY Cleared out some trades this morning as the market goes risk off. Not sitting around idly while profits evaporate and losers turn into dogs. Sold on the open ILU and PLS for a loss and BPT for a reasonable profit. NVIDIA up 9% in the US. The rest of the magnificent seven all in the red. LNAS fell.…
Henry’s Take – ASX 200 heading for 7700 – BHP/Anglo – Are We There Yet?
More downside today.
Nvidia is not the market.
7700 is possible.
Why the Fed needs to cut rates
BHP/ Anglo – Are we there yet?
Marcus Take Podcast – Market looking a bit peaky
Nvidia is holding up the World on its own. Downgrades for Wesfarmers.
END Of DAY Report
The ASX 200 falls 36 points to 7812 (0.5%) off the session lows as defensives rallied hard. NASDAQ futures improved helped by Nvidia results a positive. Healthcare and supermarkets did well. CSL up 1.4% with RMD rallying 1.0% and COH up 1.6%. WOW and COL also bucking the trend with WES continuing to fall. TLS managed a 1.2% rally…