Wall Street began the holiday-shortened week lower in a quiet day of trade, with the S&P 500 down 0.6%, NASDAQ off 0.92%, while the Dow Jones hovered around flatline (-0.17%). NASDAQ weighed down by Nvidia, tumbling 4.4% ahead of its earnings report, while small-caps Russell 2000 fell 1.41%, erasing last week's gains. US Treasury yields…
It is not just about landmines but opportunities. Adding more HZR, more MAD. Looking at JDO. BHP CFO briefing. On The Call today on Ausbiz.
SUMMARY BHP falls 1.1% on results with more expected today. Glad we’re in cash. MQG down 0.5% yesterday vs the market near flat. Staying in cash. IVV prints a daily sell signal while IHVV prints a weekly sell signal. Froth coming off. PME recovers strongly from the post-results selloff. SHL falls into oversold territory. ANZ…
Big Tech drops its pants ahead of Nvidia results tonight. Some early (daily) sell signals on US ETFs – IVV and NDQ. Lithium stocks trashed again overnight. Chinese rate cut upsetting Chinese economic confidence. Iron ore down 5.1%. BHP and RIO down 3.7% and 4.6% in the US overnight. Stocks we hold with results today – RIO, NAB (Qly update), WOW, STC, SIQ. Other Results today – STO, DMP, CTD. Stocks we hold – Today we look at BHP, SHL and MMS after yesterday’s results. CBA ex-dividend 215c FF today.
ASX 200 fell 51 points to 7608 (+0.7%) as results the focus. CBA ex-dividend sent the Big Bank Basket down slightly to $202.22 (-1%), knocking some points off the index, too. ANZ recovered 0.8% of the losses yesterday, MQG flat, insurers slid, QBE down 1.8% and SUN off 2.3%. REITs generally down, GMG off 0.1%…
Europe's STOXX 600 reached its highest level in over two years, buoyed by gains in healthcare stocks overnight. The index closed 0.16% higher, marking its fourth consecutive day of gains, with the STOXX 50 also hitting a new 23-year high. Volumes were light due to a public holiday in the US. Healthcare stocks rallied, led…
LTR looking interesting. HZR Capital raise. NEU short sellers attack. Maybe one to look at. Results dominate. MP1 today. Early weakness.Too much expectation.
SUMMARY BHP results today, Iron Ore down. Share price still in downtrend. Not buying. MQG in uptrend but toppy. Not buying. WBC hits a 52-week high and goes overbought after positive results yesterday. WDS drifts lower. ALD meanwhile hits a 52-week high. COH prints a daily sell signal after falling on results yesterday. OBSERVATIONS BHP…
Wall St closed – SPI Futures up 1. Stocks we hold with results today – BHP, SHL, MMS. We have a look at WBC and COH – we hold – results yesterday. Results season is all about dodging bullets. LLC down 14% yesterday. CBA ex-dividend tomorrow – High enough but not scary. Nvidia results this week will be a signpost. The definition of backcasting – Goldmans ups their S&P 500 target.
