SUMMARY Gold up on Friday night, will see if EVN and NST can came alive. Oil flat, more patience with WDS required. Not doing any harm yet. No change to AD8 or EOS. Keeping a very close eye on EOS. Tempted to add BOE. Has had a two day bounce off support. Will give it…
SUMMARY Gold up on Friday night, will see if EVN and NST can came alive. Oil flat, more patience with WDS required. Not doing any harm yet. No change to AD8 or EOS. Keeping a very close eye on EOS. Tempted to add BOE. Has had a two day bounce off support. Will give it…
SUMMARY No change to Small Caps Portfolio. Will keep you updated on any significant announcements or changes while Henry is away. DXB kicking the lights out. Up 19.4% last week. Lithium remains under pressure. LRS, LTR and PMT all had a bad week.
COMPANY AND ECONOMIC NEWS Sigma Healthcare (SIG) has its underwhelming consensus recommendation retained following news of ACCC scrutiny towards its proposed merger with Chemist Warehouse. Opinions are skewed to the risky side, the majority of brokers think the company will not be able to address all the ACCC concerns. The main problem is raised by…
Overnight, the NASDAQ rose to a record high for a fifth consecutive session, edging up 0.12%, buoyed by gains in Adobe +14.5% and other tech stocks. The S&P 500 ended its four-day winning streak, slipping 0.04%, and the Dow lost 58 points (-0.15%). US consumer sentiment data fell for a third consecutive month to 65.6…
A soggy week for the Australian market thanks to a 4% drop in the resources sector. Outside of that the news was good on the macro front with better-than-expected CPI and PPI numbers out of the US which overshadowed a somewhat hawkish FOMC meeting. Australian jobs numbers killed hopes of a rate cut here. The…
The S&P 500 and NASDAQ closed at fresh record highs for their fourth consecutive session, advancing 0.23% and 0.34%. The Dow lost 65 points (-0.17%), and the Russell 2000 eased 0.88%. Treasury yields sank on bets that the Fed will cut rates this year on signs of disinflation. This came after the PPI for final demand fell…
SMALL CAP PORTFOLIO Henry is leaving on a Jet Plane, don't know when he'll be back again (actually, I do – July 11th). Until then we have been given instructions in absentia. "Make Members Money" and make sure they don't lose money. Will endeavour to comply. Small Cap Bullets: Keen to take profits in DXB…
SUMMARY New trades added yesterday, off to a shabby start. Commodity prices fall as the USD rises again. Glad we didn’t get into those copper stocks yesterday. US bond yields down, the rising USD having more impact on the gold price. Will see if NST and EVN hold up today. OPEC bullish on oil demand,…
