Wall Street ended solidly higher overnight, breaking a two-day losing streak, as the market digested Powell’s more dovish-than-expected interest rate guidance and the latest round of mixed earnings and economic data. The Dow ended near session highs, up 322 points. Up 392 points at best, down 8 points at worst. Tech-heavy NASDAQ outperformed its peers,…
We survive again. Apple up 6.1% on results. Holding on still. Volatile stuff. Macquarie – Profit down 32%. “Cautious”, “Conservative” – Hmm. Fed’s dovish “No rate rise” news seen as better than “No rate cuts yet”. Jobs numbers tonight. Diary for next week. RBA Tuesday. Education Corner – 10 Farrell Rules. 10 Marcus Rules.
After looking into Boss Energy (BOE) on Wednesday we are seeing what NexGen Energy (NXG) has to offer. NXG is a Canadian company listed on the Toronto Stock Exchange (TSE), NYSE and a depository receipt in Australia (1:1 ratio). It is the smallest of the three major uranium stocks on the ASX with a market…
SUMMARY Risk on sentiment returns, the see-saw market continues. PLS benefitting today. BPT clings on yesterday and up 1.6% today. Oil flat overnight. Talk of OPEC extending production cuts if demand fails to pick up. ILU does well yesterday. No change. Up 2.4% today. Bond yields rise but gold drops. Looking for the next trade…
What to do with BLD?
Strategy – It’s the earnings stupid!
Lunch Ideas. BB1, CYP and IMU
4DS – Ai
The Big Data Centre winner?
ASX 200 kicks another 42 points higher to 7629 (+0.7%) to finish the week up around 0.7%. Banks were better again post NAB with the Big Bank Basket up to $204.53 (+0.5%). MQG disappointed again. Three in a row, starting to become a habit. Down 2.2%. Insurers mixed, GQG better on div announcement, REITs up…
I have been writing the Marcus Today newsletter for over twenty years and read something called "Farrell's Rules" over thirty years ago. There is an article about "Farrell's Ten Rules" below which you might find interesting, but as I read them, I realise they are a bit old, and I'm sure we can do better.…
NAB results reaction – Woolworths opinions – Tech stocks lifting as we go risk on again.
