SMALL CAP PORTFOLIO 2.30pm Update – News in The Australian suggests that Brookfield is working…
ACTION TODAY – Selling AKE and MIN in the Ideas Portfolio. Risk off again today. Market plagued by higher for longer again. Bond yields up again on strong data.
Middle East tension not helping sentiment. Oil price up. Gold up.
Morgan Stanley belted on results (-6.8%).
Good Netflix results (+12%). Tesla margin pressures.
Nvidia down 8% in two days.
Lithium stocks hammered overnight on BoA lithium price downgrade.
TECHNICAL SUMMARY Finally buy signals on CSL and RMD from oversold levels. Healthcare sector has…
TPG popped 5.6% yesterday on news Vocus Group had commenced debt talks for the acquisition of TPG’s Fibre assets. Macquarie and Aware Super (the owners), are looking to finance ~$6bn in debt for their non-binding indicative bid announced at the start of August.
Wall Street’s major indexes finished mixed overnight, losing earlier gains to end near flatline amid rising bond yields and renewed fears of higher for longer after higher-than-expected retail sales data. The Dow closed marginally in the green, up 13 points (+0.04%), up 163 points at best and down 130 points at worst. The S&P 500 ended slightly lower, down 0.01%, while the NASDAQ lost 0.25%, weighed down by heavy losses in chip companies after President Biden said it planned to halt shipments of advanced AI chips to China, Nvidia down 4.7%.
Our market losing ground slowly today as bond yields spike – Seeing PermaBears out and about highlighting the US debt and deficit
ASX 200 rose 22 points to 7078 (0.3%) rallying into the close in cautious trade again. Middle East’s tragic events have been weighing on sentiment as gold and oil move higher in Asia. Banks were becalmed with NAB the best of the bunch up 0.6% with the Big Bank Basket up to $178.24( +0.24%). Insurers pushed higher again a
Wall Street’s major indexes finished mixed overnight, losing earlier gains to end near flatline amid…
SMALL CAP PORTFOLIO 3.06pm Update – Ausbiz The Call from Lunchtime. 3.00pm Updates I am…
ASX 200 – Recent rally has failed to break the downtrend. Qantas (QAN) – In a sentiment hole and still going down. One day it’ll bounce. FMG – Three brokers with sell recommendations yesterday but the share price still goes up. HUB – FUM numbers see it hit all-time highs. Healthcare sector – Oversold and no end in sight as GLP-1 wreaks havoc on CSL and RMD.