Stocks in the US remained relatively steady, with all three major indices holding near record highs ahead of the upcoming US CPI release. The NASDAQ briefly surpassed its previous closing high from Nov-21 before slipping 0.30%, while the Dow saw modest gains, up 126 points (+0.33%), and the S&P 500 closed marginally lower but stayed…
SUMMARY ASX200 hovering above resistance level. JBH and CAR hit 52-week highs after positive results yesterday. MQG operational briefing out this morning. Holding uptrend. BHP quiet. No change. WDS clinging onto uptrend. IZZ OK. CSL (and Health Care Sector) print daily and weekly sell signals after yesterday’s big fall. OBSERVATIONS ASX200 hovering above resistance level.…
Market behaving – still fully invested at these highs. US CPI number tomorrow night. MQG operational update – typically conservative. CAR write-up – up 1.7% on results yesterday. A 1% beat. JBH write-up – up 7.1% on results yesterday. A 5% beat. ANZ update ruffles no feathers. Up 1.3% yesterday. Main results today – CSL, JHX, SEK, CGF, BRG
ASX 200 slipped 11 points to close at 7606 (-0.2%) as results dominated. CSL and MQG were a little disappointing but off lows, JHX dropped 8.5% on a slightly bearish update for Q3, and SEK also suffered a sell-off as results missed expectations down 4.6%. Banks once again the rock steady beat with the Big…
Week 1 all good. CAR looks ok too this morning. CBA and CSL to dominate index this week. Usual US Check-Ins. Hunting for another ZIP.
US markets closed mostly higher on Friday night, driven by big tech. The S&P 500 crossed the historic 5000 point mark gaining 0.57%, the NASDAQ gained 1.25% while the Dow finished down 55 points (-0.14%). Losses in Chevron and Walt Disney weighed on the Dow while gains in Microsoft and Intel resulted in a near…
ASX 200 falls 30 points to 7615 (0.4%) as a CSL drug trial fails. A Phase III trial for CSL saw the stock down 4.8% with RMD off 1.4%. Industrials solid with good results from JBH lifting the retail sector, JBH up 7.1% APE up 2.2% and LOV up 4.8%. WES and supermarkets fail to…
Happy New Year Tradition says that the ‘Year of The Dragon’ signifies wisdom, good luck, prosperity, and strength, and the market is awaiting positive developments in the world’s second-largest economy. One fund manager has this to say ‘Ride the dragon to prosperity by not timing the market and staying invested even in volatile times’. Don’t…
Sold and bought a few things last week – A bit of a quiet week last week – we get into the results season next week
