Henry’s Take – Juggernaut Rolls On!
AQZ – Results. Added PMT yesterday. GQG up 16.5% in a week. DEV in Uranium Strategy – The juggernaut rolls on. Year of the Dragon.
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Marcus Take
SUMMARY The Wall of No Worries – Until we find something to worry about – it's all-time highs. Buying back WOR in the Growth Portfolio. Down 7% since selling and has bottomed. Coming up – China on holiday tomorrow, Bank results and a US CPI number. US Results getting less significant by the day. SNAP…
Trading Section
SUMMARY Iron ore rose overnight (more China stimulus promises) but fell in January. Staying in cash in the BHP OSP. MQG long and looking good. WDS merger cancellation pricks up the share price. IZZ off to a reasonable start. LTR prints a daily buy signal, thought about adding PLS for a trade. Too risky with…
End of Day Report
The ASX200 has finished the day up 23 points in a narrow day of trade. Utilities was the best-performing sector thanks to AGL’s big 10% rise. The company reported a quadrupling in first-half earnings and expects full-year revenue to come in at the top end of guidance. Tech also had a strong performance following the NASDAQ higher, WTC and XRO up 3.1% and 1%. Big banks…
Henry’s Take – What’s Going On?
ZIP going well,now M&A talk. India is the new China. GQG is my play. Seems the consumer is alive and well. Bullock’s first press conference
Pre-Market Report
US equities rebounded overnight after a previous session's selloff. Despite a subdued start, markets rallied towards the close. The S&P 500 gained 0.2%, with the Dow Jones gaining 141 points. The tech sector lagged, tempering overall gains. NASDAQ eked out a modest 0.07% gain. Meanwhile, US Treasury yields dipped as markets awaited signals regarding potential…
Marcus Take Wednesday – Some life in Lithium today, and China.
The new RBA rhythm refreshes the parts Philip Lowe didn’t reach. Catch the knife anyone – The Chinese stock market bounced yesterday. Magnificent Seven or Sensational Six – Tesla is down 38% in six months and is 55% below the 2021 high. Lithium stocks came alive overnight. For a night. Resources drift. Iron ore price downgrades. And there it is – a sell signal on the CBA a week ahead of results. Right on schedule. India – it doesn’t matter which ETF you buy.
End of Day Report – Santos sinks as WDS merger ends without a deal.
ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%. FUM numbers helped. REITS recovered GMG…
Pre-Market Report
US equities kicked off the week lower as Powell dismissed speculations of imminent rate cuts, and the market digested a mixed array of US earnings reports. The Dow traded lower all day, falling 274 points (-0.71%). Down 434 points at worst. S&P 500 lost 0.32%, and the NASDAQ fell by 0.20%. The US services sector…