Henry’s Take – Big Week Ahead. Again!
Gold in focus today. HM1 looking interesting as US activist takes 10%. US Check Ins. Big week for Central Banks. China too. Index changes announced.
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End of Day Report
ASX 200 slid 10 points to 7736 (0.1%) off all-time highs as iron ore and healthcare stocks weighed. BHP off 1.5% and FMG getting whacked down 3.2%. Lithium stocks gave back some early solid gains, prices slipping slightly in China. MIN down 2.1% and PLS up only 0.7% with IGO falling 1.7%. Gold miners were…
Henry’s Weekend Take – And Breathe…
Happy Easter (Results are Over) To paraphrase the late John Lennon, It has been a long month. Results season always is, and the numbers drop thick and fast. Analysts are ignored by quant funds, hedge funds and proprietary traders as the algo focus on keywords and shoot first and analyse later. We have some extreme…
Marcus Weekend
Good Morning you lovely Members. All is good in stock market land. SPI Futures up 11 points this morning. Dow Jones up 90. The NASDAQ just hit a second new all-time high on the trot (up 1.14% overnight). US markets have had four straight months of gains. Nvidia up another 4% having risen 33% in…
End of Day Report – 360 Jumps 38.5%
ASX 200 closes up 47 points to 7724 (+0.6%) on an all-time high. Defensive sectors were sold off as risk appetite returned with a vengeance. Lithium stocks were on fire as the short squeeze continued. Uranium stocks sold down as the fizz seemed to have left the building. PLS up another 4.3%, but LTM screaming ahead…
SHL Results Recap
Sonic Healthcare (SHL) results looked reasonable but saw it pummelled, down 8%. Profit came in at $202m, down 47%. The significant fall due to a 90% fall in COVID-related revenue. Despite the Covid drop the company has generated 6% of organic growth. New acquisitions this FY in Germany and Switzerland have also secured $500m of…
Henry’s Take – The Lithium Bulls are Back!
PCE rises – No surprises – No hurry either. The Hare is running in Lithium. Added DRO yesterday. Took some profits in PMT up 39%
Pre-Market Report – US PCE In Line With Consensus
The S&P 500 and NASDAQ hit record highs, propelled by AI-related tech stocks, as inflation data and remarks from Federal Reserve officials influenced expectations for interest rate adjustments. The Dow Jones rose 0.12%, with the S&P 500 and NASDAQ gaining 0.52% and 0.90%, respectively. February saw the S&P 500 rise by 5.17%, NASDAQ by 6.12%, and the…
Trading Section
SUMMARY ASX200 within a point of its all time high. Staying in cash in the MQG One Stock Portfolio while upside gain remains limited. Staying in cash in the BHP One Stock Portfolio. LLC and BOE off to a good start. Up 4.1% and 2.2% yesterday. PLS overbought on a daily basis. You need to…