Wall Street ended lower overnight after US GDP numbers showed a sharp decline and Meta results (-10.6%) triggered a tech sell-off. The Dow lost 375 points (-0.98%), S&P 500 -0.46% and the NASDAQ -0.64%. Microsoft and Alphabet are up 4.38% and 11.65% in after-hours trading on solid results. Alphabet has beat sales estimates and announcing its first-ever dividend. The NASDAQ…
SUMMARY Mixed bag for results season so far. Sold SNAS on Wednesday for a 5% profit. Looking for the next round of Ideas but not going to stick our necks out ahead of inflation numbers tonight. Oil, gold, bond yields up. All bearish signs so staying in cash in the MQG One Stock Portfolio. No…
For the benefit of new members this is a repost of recent trading tutorials. Offering an explanation of the terms and phrases used in the trading section. This section will be posted under "education" and updated with new insights over time. The two primary indicators used in our trading section are relative strength index (RSI) and moving averages (MA). The RSI is…
In 2022 we surveyed you all and asked "What Smart Financial Advice do you have for other Marcus Today Members learned from experience". Here are your replies. Not sure all of them are good advice but you might get some value out of it. Selling APT at $12 in 2020 was too early… ? 80%…
A lot going on today – market down 100 – equities are going to find it hard to make progress with the bond market selling off sharply
Resmed (RMD) results – Is trading up 11% afterhours in the US and up 6.7% on the ASX as results beat consensus expectations by 9%. Brokers said at the start of the week that focus for the results will be on sales growth, margins and commentary on the impact weight loss drugs have been having…
Portfolio additions. DRO and KGN.
AZS wobbles on FIRB concerns.
Thoughts on Tesla
Education Corner – What are Futures?
See you in Perth. Back Wednesday.
The ASX200 has finished the week down 107 points (-1.4%) to 7576. Rate sensitive Real Estate and Industrials were the worst performers ahead of the US PCE inflation data tonight and talk in the newswires of three rate rises now in Australia before the year is out. TCL was hit 3.6%, GMG down 1.8% and…
A very busy day and a big inflation number tonight in the US
