END Of DAY Podcast
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (0.7%).
Results and broker talk dominated
Good bounce off 7500
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (0.7%).
Results and broker talk dominated
Good bounce off 7500
CGF jumped 8.4% yesterday on good results, clawing back some of the losses in the Long Term Income Portfolio. Profit up 16% and funds under management up 18%, beating expectations. Return on equity (ROE) up an impressive 15%. Interim dividend of 13c, fully franked (up 8%). Higher than expectations but still only yielding 3.6% (5.2%…
ASX 200 fell 56 points bouncing off 7500 to close at 7538 (-0.7%). Results and broker talk dominated again with a negative lead from Wall Street colouring the landscape. Banks under pressure following CBA results showing NIM remains under pressure CBA fell 1.7% well off lows. The Big Bank Basket down 1.6% with CBA in…
SUMMARY ASX200 hovering above resistance level. JBH and CAR hit 52-week highs after positive results yesterday. MQG operational briefing out this morning. Holding uptrend. BHP quiet. No change. WDS clinging onto uptrend. IZZ OK. CSL (and Health Care Sector) print daily and weekly sell signals after yesterday’s big fall. OBSERVATIONS ASX200 hovering above resistance level.…
JB HIFI posted solid results yesterday with the share price rising 7.1%. Sales came in line with expectations. Profit was a beat thanks to margins holding up well for JB while increasing for The Good Guys (TGG). Levels are now higher than pre-covid and forecast to remain high into the future. While costs did rise…
Macquarie’s Operational update doesn’t have the best headlines but its OK
Stocks in the US remained relatively steady, with all three major indices holding near record highs ahead of the upcoming US CPI release. The NASDAQ briefly surpassed its previous closing high from Nov-21 before slipping 0.30%, while the Dow saw modest gains, up 126 points (+0.33%), and the S&P 500 closed marginally lower but stayed…
Stocks in the US remained relatively steady holding near highs.
SPI up 20 Points.
CSL and MQG Results in focus.