ASX 200 trades quietly up 11 points at 7805 (+0.1%) after a great day yesterday. Banks stalled close to record highs, NAB fell 0.5%, with ANZ up 1.2% on broker upgrades, MQG unchanged with the Big Bank Basket up to $210.71 (+0.4%). Financials mixed as PPT cratered 7.1% after a strategic review presentation. REITs better,…
Wall Street advanced overnight for its third consecutive session, ending near session highs fuelled by speculation that the Fed will be able to cut rates this year. The Dow traded higher all session, closing up 177 points. Up 211 points at best. NASDAQ gained 1.19%, Russell 2000 rose 1.23%, and the S&P 500 rallied 1.03%,…
SXE doing great. ANZ Results – That is not a Buy-back. Stock of the Day – Lycopodium (LYL) BHP is a BUY. RBA today.
SUMMARY Lithium stocks rise in the US. Ready for PLS to kick into gear. Raising stop loss to $3.93. FMG and BHP charts starting to look very interesting. Adding ORI for a mining services play. Oil up overnight. Will see if this was the price bottom. No change to BPT. ILU gets left behind in…
SUMMARY Beginning to think the much-anticipated correction is going to have to wait. No change to Strategy. Added BOE and NXG to the Growth Portfolio yesterday with a 2.5% weighting each. RBA today. Lets see what they serve up. Added a 5% weighting to NAB in the Income Portfolio yesterday before it went ex. Down…
ASX 200 charges 111 points ahead to 7793 (+1.4%). Banks leading the charge higher as ANZ reports and announces a $2bn buyback and NAB goes ex-dividend by 84c. The Big Bank Basket up 1.3% to $209.82. MQG jumped 2.5% as the Equities Conference kicks off with no bad news so far. Early days. Insurers and…
The ASX 200 puts on another 53 points to 7682 (0.7%). Banks firing up with the Big Bank Basket up to $207.14 (+1.3%) with WBC up 2.7% reporting in line and a special dividend and an increased buyback. MQG is finding some broker love, up 1.5%, and Insurers are weaker as yields fall. MFG with…
Wall St finished higher on Friday, as markets survived the anticipated jobs number release. The Dow Jones rose 450 points (+1.18%), the S&P 500 advanced 1.26% and the NASDAQ outperformed, rising 1.99%. US job growth slowed more than expected in April, rising by 175k vs 243k expected. Bond yields fell, US10Y down 9.2bp and the…
WBC Results cheer. Special dividend and a Buyback. Take that NAB. Big week with RBA and US IOUs to issue. 7800 possible. Usual US Check-Ins.
