Henry’s Take – 7800 Target Reached – Now what?
RBA – Higher for longer.
Banks crush it again.
Target of 7800 reached. Now what?
Adding HCH as a copper play.
QIP gets another bid
Marcus Take Podcast Wednesday – Getting back into the market
Giving up on the correction until proven otherwise. Preferring the US to Australia. Weight of money holds everything up. Happy to buy banks with buybacks supporting high multiples. Respecting the change of trend in FMG.
Buying FMG in the One Stock Portfolio.
Adding a 20% holding in FANG in the Strategy Portfolio.
Buying a 5% holding in WBC in the Income Portfolio. Ex-dividend tomorrow.
Buying 5% holding in ANZ in the Income Portfolio. Ex-dividend on Monday.
Assessing stocks to buy in Growth Portfolio.
RBA wash up – Not good for housing and consumer discretionary.
End of Day Report
ASX 200 trades quietly up 11 points at 7805 (+0.1%) after a great day yesterday. Banks stalled close to record highs, NAB fell 0.5%, with ANZ up 1.2% on broker upgrades, MQG unchanged with the Big Bank Basket up to $210.71 (+0.4%). Financials mixed as PPT cratered 7.1% after a strategic review presentation. REITs better,…
End of Day Report
ASX 200 charges 111 points ahead to 7793 (+1.4%). Banks leading the charge higher as ANZ reports and announces a $2bn buyback and NAB goes ex-dividend by 84c. The Big Bank Basket up 1.3% to $209.82. MQG jumped 2.5% as the Equities Conference kicks off with no bad news so far. Early days. Insurers and…
Trading Section
SUMMARY Lithium stocks rise in the US. Ready for PLS to kick into gear. Raising stop loss to $3.93. FMG and BHP charts starting to look very interesting. Adding ORI for a mining services play. Oil up overnight. Will see if this was the price bottom. No change to BPT. ILU gets left behind in…
Henry’s Take – Waiting for RBA
SXE doing great.
ANZ Results – That is not a Buy-back.
Stock of the Day – Lycopodium (LYL)
BHP is a BUY.
RBA today.
Education Corner – TAX Loss Selling
We are approaching June and it’s a good time to start talking about tax loss selling in stocks, something that we should all think about in May rather than June. It works like this. Assuming you pay Capital Gains Tax, many of you don't, on June 30th the tax man will freeze your portfolio, add…