SMALL CAP PORTFOLIO 3.06pm Update – Ausbiz The Call from Lunchtime. 3.00pm Updates I am going to add a 4% weighting in LPI given it is trading at 53c and is a HK candidate. 57c cash at some stage. Speculative Stock of the Day: LPI +28% on takeover bid from Codelco at 57c. Harry Kane…
Wall Street finished sharply higher overnight, ending near best levels on optimism about the upcoming earnings season. The Dow rose 314 points (+0.93%). The Dow traded higher all day, up 419 points at best. The S&P 500 added 1.07%, and the NASDAQ gained 1.2%. Treasury yields edged higher, and the greenback retreated, with the USD…
TECHNICAL SUMMARY Not too much to go on today. Some quality stocks oversold and showing some mild buy signals (EDV, AMC, AWC). Big stocks oversold on a weekly basis – CSL, TCL, RMD, COL, APA, QAN, ILU. AMC – 5.5% yield, 12x and discounting a lot of bad news. PME – Finally a sell signal.…
SMALL CAP PORTFOLIO SUMMARY Added a small positon in GMD yesterday. The MGFO punt pays off.. LTR just gets more complicated. Tuesday Take Down runs out of candidates. What does that say about the market! Conference season beckons with MicroCaps and IMARC in focus. Great On the Couch Podcast to come. UPDATES – 3.00pm Updates…
MARCUS STRATEGY Struggled with this section today – there are mixed messages on the macro front. Some mild signs of a resources rally and maybe even a Big Tech (FANG+) rally. Neither are convincing enough yet. Wall St up in "Risk on rally" led by hopes for a Diplomatic solution in the Middle East, and…
ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%) as geopolitical events hang and RBA minutes show RBA thought about a rate rise. Plenty of green on screen today with the Big Banks doing well, CBA up 0.5% and the Big Basket Basket up to $177.81 (+0.7%). Insurers rallied, with…
SMALL CAP PORTFOLIO 3.00pm Updates I have added a 3% holding in GMD at 140.5c despite the move to tidy up the DCN register with its bid this morning. Plenty of chatter on LTR and what it all means. As members will know I had been advocating taking the 300c and running. Maybe having a…
DIARY NEXT WEEK The main events this week are Corporate, not economic. We have the AGM season in Australia underway, and now the Quarterly production numbers from the resources sector. The US Results season continues – Calendar HERE. RBA meeting minutes on Tuesday morning. The odds of an RBA rate rise at the November meeting are at 45%. UK Unemployment…
Not much joy overnight. This week has seen the ASX 200 +16, +70, +47, +2 and then minus 40. SPI Futures are down 30. The ASX 200 was up 101 points (+1.41%) this week. The Middle East escalates. The energy sector was the best performing sector +2.3%, as the oil price jumped 5%. Airlines down.…
