Marcus Take Tuesday – Results season in full flight today

Wall St closed – SPI Futures up 1. Stocks we hold with results today – BHP, SHL, MMS. We have a look at WBC and COH – we hold – results yesterday. Results season is all about dodging bullets. LLC down 14% yesterday. CBA ex-dividend tomorrow – High enough but not scary. Nvidia results this week will be a signpost. The definition of backcasting – Goldmans ups their S&P 500 target.

Pre-Market Report

Wall St closed lower on Friday night after the last economic data reduced the chances of a near-term Fed rate cut. The Dow Jones fell 145 points, the S&P 500 down 0.45% and the NASDAQ the worst. Off 0.82%. The three major indices finished the week lower after five positive weeks in a row. Core…

ASX Today

The ASX200 is up 22 points (0.3%) in a quiet start to the week. Big miners are keeping the market in the green today as China reopens. BHP, RIO and FMG up 1.8%, 2.1% and 1.7% after the former two fell last week. REITs are the worst performing sector after bond yields rose on Friday…

END Of DAY Report

ASX 200 finished slightly higher by 7 points to 7666 (0.1%) in a quiet day. Results once again dominated as US market closed tonight for Presidents' Day. Resources were the steadying influence today on hopes of Chinese stimulus and better economic news post the LNY. BHP up 0.9%, RIO up 1.6% and FMG flat. Selected…