Marcus Weekend

Box 1

Nothing much to report overnight. Dow Jones up 26 points overnight. Up 112 at best. Down 212 at worst. NASDAQ down 0.2%. S&P 500 unchanged. Defensive stocks outperformed. Energy sector the best. NASDAQ down 2.6% on the week. Lots of newswire chatter about the significance of Powell’s speech at the Jackson Hole economic symposium on…

Pre-Market Report Friday

Reports Section

US equities close in the red overnight for the third straight day as a global bond market selloff intensified and tamped down enthusiasm for tech stocks. Dow ended near worst levels, down 291 points (-0.84%). Dow at best up 123 points. Dow at worst down 325 points. S&P 500 and Nasdaq fell 0.77% and 1.17%,…

Henry’s Take – Next Week is Even Bigger!

Box 2

Updated last at 10.59am with A11 announcement Previous update Livewire Video with Alex Pollak. 2.45pm Update Slight book squaring in evidence. Resources doing better. Results and broker recommendations dominate but iron ore gains helping. Nothing done in SCP. MFG the stand out and stock of the day on The Call today on Ausbiz. Click Here…

Cash is King for another day – Marcus Take Friday

Box 1

SUMMARY Cash is King for another day. Sell signals on US markets, finally. A look at Telstra today. No asset sale but good results otherwise. Not much action on the results front today. Bond yields – we’re not going anywhere until they peak. All you needed to know this week – Sell Lithium, Buy Auto…

ResMed – Quality Trade

Stock Takes

We have caught the knife buying RMD for a trade after a 25% collapse in the share price, which, as you can see below, has broken a long-term uptrend. That sell-off came after recent results (August7 2023) which missed sales forecast by 2% and saw margins down 2.1% to 55.8%. Margins were the issue, although they were only 0.3% below expectations. Brokers adjusted numbers downwards after the results to account for narrower margins and higher costs (inflation). Risks include Philips getting back into the market and suggestions that weight loss drugs could take off which would reduce the need for OSA devices.