Closing Bell 31th October: Interest Rate Speculations and Global Events Steer ASX Movements
The RBA’s anticipated stance on interest rates remained a focal point for investors and market strategies.
October 2023
Alpha Portfolio Recommendation: Buy – Deep Yellow (DYL)
Deep Yellow Limited (DYL) is a well positioned Uranium Junior located in two Tier 1 Jurisdictions i.e. Australia and Namibia.
Pre-Market Pulse 31st October – Equities bounce ahead of Fed and Apple earnings
Equities bounced overnight, led by big tech, ahead of the earnings from Apple later this week, and the Federal Reserve’s interest rate decision due Wednesday.
Closing Bell 30th October: Banking and Energy Sectors Stumble as ASX Navigates Conflict Shadows
The ASX sees banking and energy sectors falter under the weight of global conflicts, while gold miners and tech stocks offer a refuge for investors.
Pre-Market Pulse 30th October – Tech bounces, energy weighs on Friday after grim week
Big tech regained some ground after a rough week and the DOW slumped as investors digested contrasting corporate earnings as Amazon and Intel impressed, but underwhelming results from oil majors including Chevron left energy stocks nursing heavy losses.
Weekend Edition: 28th October 2023
Discover key financial insights with MPC Markets Weekend Investor Newsletter. Expertly curated, it guides investors through global market trends and strategies, fostering informed investment decisions. Subscribe now.
US Earning Calendar: 30th October – 3rd November 2023
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Closing Bell 27th October: Contact Energy and Champion Iron Lead the Charge
Today’s market saw a surge of energy, with Contact Energy Ltd and Champion Iron Ltd powering through, boasting gains of 7.09% and 6.78%, respectively. Investors felt the warmth as these companies illuminated the path towards substantial market profits.
Pre-Market Pulse 27th October – Tech-wreck continues as Nasdaq breaks down
The so-called Magnificent Seven – Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia and Tesla – have wiped about $US200 billion off their value following this season’s reporting results.
Alpha Portfolio Recommendation: Sell – ResMed Inc (RMD)
A positive surprise is anticipated in today’s quarterly earnings report, and historical reporting has been strong. Currently, the stock is undervalued, making it an opportune time to invest in this stock.
Closing Bell 26th October: Lithium’s Luminance – Azure Minerals Basks in Buyout Brilliance
Azure Minerals shimmered in the market spotlight with a 43% surge, courtesy of a lucrative buyout by Sociedad Química y Minera. The lithium sector radiates vibrancy, reflecting the material’s pivotal role in steering the world towards a greener future.
Alpha Portfolio Recommendation: Buy – ResMed Inc (RMD)
A positive surprise is anticipated in today’s quarterly earnings report, and historical reporting has been strong. Currently, the stock is undervalued, making it an opportune time to invest in this stock.