Good Morning everyone. Please click on the Members Survey if you get a couple of minutes (there's another link at the end). Your opportunity to send the newsletter in the right direction. Thanks for your time. Henry is reporting in from the Perth Members meeting at the Lucky Shag pub last night. 50 Members –…
Portfolio additions. DRO and KGN. AZS wobbles on FIRB concerns. Thoughts on Tesla Education Corner – What are Futures? See you in Perth. Back Wednesday.
Wall Street ended lower overnight after US GDP numbers showed a sharp decline and Meta results (-10.6%) triggered a tech sell-off. The Dow lost 375 points (-0.98%), S&P 500 -0.46% and the NASDAQ -0.64%. Microsoft and Alphabet are up 4.38% and 11.65% in after-hours trading on solid results. Alphabet has beat sales estimates and announcing its first-ever dividend. The NASDAQ…
SUMMARY Mixed bag for results season so far. Sold SNAS on Wednesday for a 5% profit. Looking for the next round of Ideas but not going to stick our necks out ahead of inflation numbers tonight. Oil, gold, bond yields up. All bearish signs so staying in cash in the MQG One Stock Portfolio. No…
The ASX200 has finished the week down 107 points (-1.4%) to 7576. Rate sensitive Real Estate and Industrials were the worst performers ahead of the US PCE inflation data tonight and talk in the newswires of three rate rises now in Australia before the year is out. TCL was hit 3.6%, GMG down 1.8% and…
SUMMARY – A lot going on. Glad we’re not holding BHP as it makes a huge bid. Talk of three rates rises from the RBA after that CPI number. Big Australia bends. Big US Tech holds. The PCE Price index number tonight could just be the number that breaks the bond market’s back. Newmont paves…
Wall Street ended higher overnight, near best levels, building on the positive momentum from yesterday's session as gains in mega-cap tech stocks lifted the broader market. Dow up 264 points (+0.69%), S&P 500 +1.20%, and NASDAQ +1.59%. Treasurys eased a touch following a solid $69bn sale of 2Y notes, and economic data showed US business…
Resources to banks switch kicks off. No hurry to buy gold miners. Quarterlies drop. ASX200 where to from here? Tesla promises yet again. Cheap model?
SUMMARY Sold both gold exposures yesterday. NST for a nice 8.6% profit. BGL in contrast a 7.1% loss. It gapped well below its stop loss on the open. SNAS set to drop 3-4% so taking a profit and selling on the open. Reactions to the upcoming US results could send the market either way. Difficult not to get…
