Henry’s Take
Punching the air with MGFO, IVZ and ZIP. ‘Woodtoss’ thoughts. A look at HM1 and RMD products. IGO is an interesting one.
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Pre-Market Report – Google Advances 5.3% on AI Launch
Wall Street rallied overnight after Google and AMD triggered a mega cap rally on renewed optimism surrounding artificial intelligence. The Dow gained 63 points (+0.17%). Up 110 at best. Down 32 at worst. The S&P 500 halted a three-day decline, up 0.80%, and the NASDAQ gained 1.37% to mark its highest close of 2023. US…
Marcus Take Friday – Focusing the Growth Portfolio
NADAQ POPS as Futures drop. Changes to the MT LONG TERM GROWTH PORTFOLIO – 35 down to 21 stocks – Removing Benchmark stocks – focusing on Growth stock picks. ORG – Added to the MT LONG TERM INCOME PORTFOLIO – GMG – BUY HOLD SELL – Added to the Growth Portfolio. Technology Sector Analyst Podcast.
End of Day Report – STO & WDS Confirm they’re in talks for possible merger.
The ASX 200 finished the week on a positive note, up 22 points to 7195 (+0.3%), defying SPI futures this morning, down 15 points. The All Ords rose 21 points (+0.3%), and the ASX 200 finished the week up 1.72%. Energy sector headlined today, outperforming all other sectors following Santos (+6.2%) after they confirmed they were in…
Pre-Market Report
Wall Street finished lower near worst levels, pulled back by mega-caps and energy stocks. Signs of a cooling job market reinforced bets the Fed could start cutting rates early next year. The Dow Jones fell 70 po
Henry’s Take – Do You Feel Lucky? MGFO holders will!
SUMMARY Bottom of the lithium market? Massive result in MGFO PLS looking interesting. COP 28 shines focus on uranium. Does 48V change things?
Technical Scans – ASX200 in Uptrend
ASX200 working its way up the trading range. Energy Sector with a daily buy signal. Oil down again overnight. Consumer Staples prints a weekly buy signal. CSL overbought on a daily basis.
End of Day Report Thursday
ASX 200 fell 5 points to 7173 (-0.1%) in a day of consolidation closing near highs for the day. Plenty of corporate news around, from Chemist Warehouse's reverse takeover to MFG FUM and MGF deal. Plus, we saw a bid for PPT up 6.7%. Banks eased back very slightly, with NAB down 0.4% and MQG…