WBC Broker stuff after results yesterday – still got a few more to come in.
SUMMARY BHP results this morning – good or bad, they need China sentiment to improve.…
US markets closed out the week mixed on Friday, with the Dow up 26 points…
ASX 200 dropped 33 points to 7116 (0.5%) as results dominated. Banks slid on WBC NIM woes down to $170.88 (-0.9%) for the basket.
ASX 200 dropped 33 points to 7116 (0.5%) as results dominated
All of this week’s Members’ podcasts in one place.
Nothing much to report overnight. Dow Jones up 26 points overnight. Up 112 at best.…
SUMMARY Cash is King for another day. Sell signals on US markets, finally. A look…
We have caught the knife buying RMD for a trade after a 25% collapse in the share price, which, as you can see below, has broken a long-term uptrend. That sell-off came after recent results (August7 2023) which missed sales forecast by 2% and saw margins down 2.1% to 55.8%. Margins were the issue, although they were only 0.3% below expectations. Brokers adjusted numbers downwards after the results to account for narrower margins and higher costs (inflation). Risks include Philips getting back into the market and suggestions that weight loss drugs could take off which would reduce the need for OSA devices.