Diary Next Week
DIARY NEXT WEEK The US reporting season enters its final week with McDonald's, Uber, Airbnb, Pfizer, Eli Lilly, Qualcomm and Berkshire Hathaway the big names. Calendar HERE. On the economic front, we have a big week ahead. First and foremost in the USA is the big one, Fed Interest Rate Decision on Thursday morning. There is almost a certain chance that…
Members Podcast This Week
All of this week’s Members’ podcasts in one place.
Marcus Weekend
A pretty sorry week. Another sorry night. SPI Futures down 67, setting us up for a pretty shabby Monday start. Eighty-four new ASX 52-week lows on Friday. There should be a few more on Monday. ASX 200 did better than the US last week thanks to an absence of tech stocks (although our tech sector…
Pre-Market Podcast Friday
Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling bond yields. The Dow ended near worst levels, down 252 points (-0.76%). Up 69 points at best. Down 292 points at worst. S&P 500 fell 1.18%, edging closer to a correction, with the index now down ~10% from its July peak. The NASDAQ slumped 1.76%.
WOW Earnings Update – Didn’t WOW but No Cause for Concern
Woolworths released first-quarter sales results on Wednesday and hosted its AGM yesterday. The results were mixed with Australian grocery sales outperforming while Big W and NZ underperformed.
Jb Hi-fi Sales Update – Good Company, Tough Economy
JB HI-FI updated the market yesterday with its first-quarter sales and AGM. A similar story to Woolworths almost with JB Australia performing well, the Good Guys flat and JB NZ disappointing.
End of Day Report Friday
ASX 200 closed up 15 points at 6827 (0.2%), down only 1% for the week. Banks better after a run yesterday, the Big Bank Basket up to $171.72 (+0.7%). CBA leading the charge up 0.8%. MQG remain under pressure ahead of results due soon, down 0.5%. Insurers slid as yields stabilised, QBE down 1.7% and…