Marcus Take Wednesday – Some big ex-dividends today – Last two days of results – CPI numbers today
Us Markets holding at highs – Some big ex-dividends today – Last two days of results – CPI numbers today
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End of Day Report – Inflation Holds Steady In January
ASX 200 closes flat at 7660 despite better-than-expected CPI numbers. Only monthly though. We flipped between small gains and small losses. Big short squeeze happening in the likes of CHN, PLS, NXT and BRN. Looks like someone wanted their stock back. Banks eased back, with CBA slipping 1.0% lower. MQG down 1.0%, and insurers better.…
Marcus Take Tuesday – AI swamping HI (Human Intelligence) on Reuters.
US markets quiet but holding their highs. US CPI number tomorrow is the signpost this week. Resources down again overnight on iron ore price risk worries. Macquarie annoying us – 52 week high. Three more days of results- Expected today – WDS, COL, REH, ALU, AWC, ABC, JLG Stocks we hold with results yesterday – SUN and NHF – we have a look. A lot of Dividends on the horizon. AI swamping HI (Human Intelligence) on Reuters.
End of Day Report – Coles Jumps 5.5% Beating Expectations
ASX rose a modest 10 points to 7663 (+0.1%). Off early lows. Results the focal point again. Once again, the banks doing the heavy lifting with the Big Bank Basket up to $205.96 (+0.8%). CBA leading the charge up 1.0%. MQG up 0.8% and GQG up 1.4%. While NAB, WBC and ANZ hit 52-week highs.…
Pre-Market Report
Wall Street edged lower overnight as attention turned to forthcoming economic indicators potentially influencing the Fed’s interest rate timeline. The S&P 500 slipped by 0.39%, the NASDAQ Composite by 0.13%, and the Dow shed 62.23 points. Notably, the S&P 500 has recorded gains in 15 of the past 17 weeks, a feat observed only once…
Henry’s Take – M&A Focus – Lithium Bounce
Speculative Stock of the Day: IRI Lithium up 4 days -PLS on the move. Leverage ETFs – Are they good buys? ABB bids for SLC
Trading Section
SUMMARY Investment banks down in the US. MQG hits a 52-week high. Is that the top for now? Iron ore down, Oil up. Not buying BHP. Keeping an eye on WDS for a new uptrend (results today). LLC prints a daily buy signal after being dumped on results last week. KGN shoots into overbought territory…
Pre-Market Report
US markets closed near flat on Friday night. The Dow Jones up 62 points (0.16%), the S&P 500 up 0.03% while the NASDAQ fell 0.28%. No major news resulted in narrow trade as markets digested commentary from Fed officials and Nvidia’s big Thursday night move. US bond yields fell from multi-month highs, the 10Y down…
Henry’s Take – Another Big Week Ahead – AWC and SLC in Sights
Ah McCains, you have done it again. Results continue – Follow the money. ASX – We have a problem. Another one bites the dust in AWC offer. And SLC too. Uranium – All over Red Rover?