END Of DAY Podcast
ASX 200 has started the week up 58 points to 7376 (0.8%) on the US market rally .
Banks and industrials lead; Lithium falls.
ASX 200 has started the week up 58 points to 7376 (0.8%) on the US market rally .
Banks and industrials lead; Lithium falls.
The ASX 200 has started the week strongly, up 55 points to 7477 (0.8%) on the US market rally and tech enthusiasm. Banks leading the charge with CBA up 1.3% and NAB up 1.1% with the Big Bank Basket up 1.3%. REITs too in demand as yields fall, AU10Y down 5bp. GMG leading with a 1.3% gain. Industrials…
US markets closed strongly higher over the weekend, driven by big tech and AI optimism. The Dow Jones gained 395 (1.1%) points, the S&P 500 1.2% and the NASDAQ 1.7%. Nvidia and AMD were the best performers, up 4.2% and 7.1% after info tech company Super Micro Computer made a $800m upgrade to its earnings…
Sold DYL at 155c.
Big shorts in uranium stocks.
Albemarle chucks in the towel.
ZIP going well on consumer spending.
TWE remains interesting.
Nabtrade Podcast.
SUMMARY MQG hits resistance around $185. No action in the Ideas Trades. Oil has a big overnight rise, good for WDS. The CBA prints a weekly sell signal. GOR prints a daily buy signal, too early for a trade. MQG has hit resistance around $185 and come off the top. Short-term momentum has stalled. The stock is likely…
SUMMARY Better day on the cards – the froth has blown off. Back to normal? Big Tech finds a floor ahead of the results season next week. TSMC up 10% on AI guidance. Apple upgraded. Nvidia record high. Semiconductor index up 3.3%. BHP Production numbers don’t excite and ring the bell for nickel producers. We…
ASX 200 bounces 75 points to 7421 (+1.0%) in a solid yet unexciting day really. Third weekly decline still, and down 77 points on the week. Banks led the charge up, with CBA hitting record highs up 0.7%. The Big Bank Basket up to $193.89 (+1.0%). MQG rallied 1.5% with insurers up as QBE rallied…
US stocks closed higher on Thursday,led by Nvidia and Taiwan Semiconductor Manufacturing (TSMC).
Apple gained 3.3% after BofA Global Research upgraded its stock to “buy,”