Henry’s Take – Results Again – Reach for the Sky
Back on track.DTL added.
Results the focus. IAG and QBE this morning.
A look at TLS and TWE
GQG numbers good Buy.
Trading Section
SUMMARY PME and DTL join CBA and CSL with weekly sell signals after falling hard on results. No new trades today. NASDAQ, S&P 500 and Dow Jones remain overbought on a weekly basis. No changes to One Stock Portfolios. BHP has an ugly fall yesterday. GMG hits a fresh all time high after positive results.…
DTL H1 FY24 Results – OK BUT RAN TOO HARD
DTL results yesterday saw the stock hammered over 11%. Similar to PME it had run hard to results and they needed to be fantastic to hold up the share price. Sales up 13% vs last year and up 38% from two years ago. EPS up 25%. Interim dividend (fully franked) up 26%. Yielding 3%. Interest…
PME Results – Ok When Great was Expected
PME reported yesterday OK results but the market smashed it, finishing the session down 13%. It along with DTL are two of the more risky stocks we hold in the Growth Portfolio. Great potential, both stocks were up almost 50% since the end October “dovish pivot” until results. With more upside potential comes more volatility…
Marcus Take Friday – SPI Futures up 72
SUMMARY Weak US retail sales help shrug off this week’s scary CPI number. SPI Futures up 72 – Gone a bit early on calling the top (so far). ASX 200 Break out or Break down? BHP writedown headwinds – glad we didn’t buy it in the OSP. Wins on results yesterday – WES +5%, GMG…
Pre-Market Report – US Retail Sales fall 0.8% in January
US stocks closed higher on Thursday as retail sales data disappointed, fuelling expectations of potential interest rate cuts by the Fed in the coming months. The S&P 500 rose by 0.58%, the NASDAQ by 0.30%, and the Dow Jones climbed by 350.07 points or 0.91%. US Treasury yields edged lower, with the 10Y Treasury note…
End of Day Report
ASX 200 finished up 53 points to 7658 (0.7%) off early highs but still a very solid day. Up 10 points for the week. Most cylinders firing today, Banks firm as usual with the Big Bank Basket up to $202.34 (1.4%). CBA bounced 1.9% the best of the four. MQG rose 0.3% after big run yesterday, insurers…
CSL H1 FY24 Results Update
CSL results on Tuesday were OK but not great. Earnings came in line with expectations while profit beat thanks to cost reductions. The company kept guidance unchanged but currency forecasts now see the USD ending the year higher than the companies forecasts. Resulting in an ~85m headwind. Out of the three major segments, Behring, Seqirus and Vifor…