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.
Pre-Market Report
Wall Street advanced overnight for its third consecutive session, ending near session highs fuelled by speculation that the Fed will be able to cut rates this year. The Dow traded higher all session, closing up 177 points. Up 211 points at best. NASDAQ gained 1.19%, Russell 2000 rose 1.23%, and the S&P 500 rallied 1.03%,…
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…
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…
Marcus Take
SUMMARY Beginning to think the much-anticipated correction is going to have to wait. No change to Strategy. Added BOE and NXG to the Growth Portfolio yesterday with a 2.5% weighting each. RBA today. Lets see what they serve up. Added a 5% weighting to NAB in the Income Portfolio yesterday before it went ex. Down…
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…
Trading Section
Wall St and the NASDAQ bounce strongly over the weekend. All three trades enjoy a solid session on Friday. Oil falls again on Friday night, pressured by jobs data. Keeping a close eye on BPT. ILU does well. No change. PLS kicks 3% higher on Friday. Lithium stocks mostly higher in the US. No change.
Pre-market Report
Wall St finished higher on Friday, as markets survived the anticipated jobs number release. The Dow Jones rose 450 points (+1.18%), the S&P 500 advanced 1.26% and the NASDAQ outperformed, rising 1.99%. US job growth slowed more than expected in April, rising by 175k vs 243k expected. Bond yields fell, US10Y down 9.2bp and the…