ASX 200 fights back to close up 2 points at 7148 after a wobbly start. For the week the ASX 200 is down 2.6%.
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.
Updated last at 10.59am with A11 announcement Previous update Livewire Video with Alex Pollak. 2.45pm…
Wall Street ended lower overnight night after the FOMC minutes showed bank officials were divided…
MARKET AT MIDDAY The ASX 200 is down 59 points to 7136 (-0.8%), sliding to a 5-week low…
ASX 200 closed down 49 points at 7146 (-0.7%) as China and US worries weighed.
MARCUS TAKE SUMMARY Regrets, I’ve had a few. See today’s article on the millions I…