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Members Podcast – Market expects good CPI

Podcast Section 11 Jul 2023

Not the best list of headlines today but the market doesn’t care, and that’s a bit of a theme – see below.

Some of the headlines:

US corporate earnings season unlikely to fuel fresh gains in the stock market.
S&P 500 braces for profit warnings.
Rate fears accelerate.
Fed’s QT program to kick in in coming months.
Eurozone sentiment weakens for a fifth consecutive month.
Deflationary spiral risk in China. This comes after the Chinese CPI number of 0% yesterday and PPI numbers showing the biggest decline since 2015. It is a reflection of the weak Chinese economy which doesn’t wash well for resources stocks. The pressure is on for the PBoC to stimulate the economy, but the

Banks – Don’t get mad, get even.

Stock Takes 11 Jul 2023

On my Australian arrival in 1994 one of the most noticeable differences between the share…

Henry’s Take – No sleep for this Lion

Henry's Take 11 Jul 2023

SUMMARY Leo Lithium (LLL) roaring ahead again. Patriot Battery Metals (PMT) – Questions answered. Delta…

End Of Day Podcast Tuesday

Podcast Section 11 Jul 2023

ASX 200 closed up 105 points to 7109 (+1.5%), lifted by mining and gold stocks snapping a four-day losing streak.

APE – Cheap cyclical income stock

Stock Takes 11 Jul 2023

APE is a $3.66 billion company. In the pandemic, it dropped from over $14 to below three dollars. In the last year, it is up from $9 to $14, with its results in February sparking a rally from $11 to $14.50. The automotive industry has been through a confusing couple of years thanks to COVID, which included a boom in secondhand car prices, a disruption in the supply network (no cars to sell), a ramp-up in costs. M ost of these factors are now improving helped by unrelenting orders for new cars (now being delivered) and particularly EVs thanks to some tax breaks introduced in Australia in t