US markets closed strongly higher over the weekend, driven by big tech and AI optimism. The Dow Jones gained 395 (1.1%) points, the S&P 500 1.2% and the NASDAQ 1.7%. Nvidia and AMD were the best performers, up 4.2% and 7.1% after info tech company Super Micro Computer made a $800m upgrade to its earnings…
ZIP provides update – Positive. Nickel – Another one bites the dust. Competition in deposit accounts. US Check In Ask the Analyst 2nd February.
The ASX 200 has started the week strongly, up 55 points to 7477 (0.8%) on the US market rally and tech enthusiasm. Banks leading the charge with CBA up 1.3% and NAB up 1.1% with the Big Bank Basket up 1.3%. REITs too in demand as yields fall, AU10Y down 5bp. GMG leading with a 1.3% gain. Industrials…
Predictions. Predictions are everywhere. It’s that time of year. Weather predictions, political predictions and of course financial predictions. Foreseeing the future has been an obsession for the human race for centuries. At one time you might have been burned at the stake if you got it right. Now you just lose your reputation when you…
US stocks closed higher on Thursday, propelled higher by AI-related optimism that bolstered chip stocks, notably Nvidia and Taiwan Semiconductor Manufacturing (TSMC). The Dow Jones rose by 202 points, or 0.54%, closing at 37,469 points. The S&P 500 gained 0.88%, while the NASDAQ advanced 1.35% to 15,055.81. TSMC's US-listed shares jumped by 9.79% after the…
Sold DYL at 155c. Big shorts in uranium stocks. Albemarle chucks in the towel. ZIP going well on consumer spending. TWE remains interesting. Nabtrade Podcast.
SUMMARY MQG hits resistance around $185. No action in the Ideas Trades. Oil has a big overnight rise, good for WDS. The CBA prints a weekly sell signal. GOR prints a daily buy signal, too early for a trade. MQG has hit resistance around $185 and come off the top. Short-term momentum has stalled. The stock is likely…
SUMMARY Better day on the cards – the froth has blown off. Back to normal? Big Tech finds a floor ahead of the results season next week. TSMC up 10% on AI guidance. Apple upgraded. Nvidia record high. Semiconductor index up 3.3%. BHP Production numbers don’t excite and ring the bell for nickel producers. We…
ASX 200 bounces 75 points to 7421 (+1.0%) in a solid yet unexciting day really. Third weekly decline still, and down 77 points on the week. Banks led the charge up, with CBA hitting record highs up 0.7%. The Big Bank Basket up to $193.89 (+1.0%). MQG rallied 1.5% with insurers up as QBE rallied…
