End of Day Podcast Friday
ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus.
ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus.
ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus.
US markets ended sharply higher, ending just off best levels, their biggest gain in nearly two months fuelled by weak PMI data across both the US and Europe, bolstering expectations that central banks would halt interest rate hikes to avert a recession. The Dow Jones rose 184 points (+0.54%). Dow at best up 246 points.…
ACTIONS TODAY Adding FMG, MIN and CIA as a trade today. Hoping to catch a rally in resources. Short term. Not enough evidence here to buy BHP in the one-stock portfolio. They have gone in on the opening prices today. SUMMARY Good results from Nvidia leaves it a bit "up there". Fading a bit…
US markets ended sharply higher, ending just off best levels, their biggest gain in nearly two months.
BHP’s full year results confirmed that BHP is a long-duration trading stock, not a quality, reliable, and especially not a "hold forever" income stock as some people imagine. Despite the brand name there is nothing the company can do when iron ore prices fall 18% in six months, copper prices fall 12% and coal prices…
PE HISTORY The orange line is the share price – the blue line is the Forward PE history. The horizontal blue line is the average PE over the chart period. THE CHART There is a daily short-term buy signal on the chart. DIVIDENDS Going Ex-dividend on August 30. BROKER STUFF
Adding FMG, MIN and CIA as a trade today. Hoping to catch a rally in resources. Short term. Not enough evidence here to buy BHP in the one-stock portfolio. They have gone in on the opening prices today.
ASX 200 rose 34 points to 7191 (0.5%). A solid grind higher with banks in demand.
ASX 200 rose 34 points to 7191 (0.5%). A solid grind higher with banks in demand.