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…
PCE rises – No surprises – No hurry either. The Hare is running in Lithium. Added DRO yesterday. Took some profits in PMT up 39%
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…
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…
Lithium stock bounce – A rally or a material pivot point? Macquarie – missing recent gains but not buying. End of the results season – we can get back to thinking rather than reporting. Directors buying LLC and BEN. What its like being a broker in a dog eat dinner world. End of the month – the scores on the doors.
Wall Street closed in the red overnight as markets remain cautious ahead of PCE inflation data tomorrow that could influence the Fed’s rate cut decisions. The Dow slipped by 0.06%, the S&P 500 by 0.17%, the NASDAQ by 0.55%, and the Russell 2000 by 0.77%. Market activity was subdued, with no specific catalyst driving the…
Reporting season theme is CONTROL. Added DXB yesterday – How options work.
SUMMARY Two new trades today: LLC and BOE. Adding using opening prices. MQG runs into resistance. Cash. No change to BHP. JBH prints a weekly sell signal after its excellent run. Up 44% in the last year. China focussed A2M and TWE overbought after a recent (potential) renaissance. ALL hits a 52-week high. OBSERVATIONS Two…
Two new trades today. See the Trading Section. Uranium stocks bottoming. NextDC – big win on results yesterday up 13%. Last day of the results season. Phew. RHC, ALX, KAR, PTM today. US PCE price index numbers tonight. Lots of ex-dividends on the calendar – PME, MPL today. ASX, SHL, MIN tomorrow. Bitcoin – hate to tell you – it’s going up. Lithium stocks tickling higher again. BHP and RIO lower in the US – Chinese PMI numbers tomorrow.
