Closing Bell 9th October: Middle East Tensions Fuel Oil Surge
Oil prices soar over 4% following Hamas’ unexpected attack on Israel, raising global concerns about Middle East stability and potential disruptions to energy supplies.
October 2023
Alpha Portfolio Recommendation: Buy – Karoon Energy Ltd (KAR)
With the Hamas-Israel conflict escalating, oil prices are poised to rise due to potential supply disruptions. Karoon Energy, holding a significant interest in Brazil’s Santos Basin, is well-positioned to benefit from these price surges. An entry at <2.57, targeting >3.00, captures this anticipated oil price uptrend. The 9% trailing stop loss offers a protective measure. In this volatile oil market, Karoon presents a timely and strategic investment opportunity.
Alpha Portfolio Recommendation: Buy – Ramelius Resources Limited (RMS)
In light of the recent Hamas-Israel conflict, global markets are bracing for heightened volatility. Historically, during geopolitical tensions, gold has been a sought-after safe-haven asset. Investing in Ramelius Resources Limited, a reputable gold producer, offers a strategic hedge against such uncertainties.
Balanced Portfolio Recommendation: Buy – Woodside Energy Group Ltd (WDS)
Amid the Hamas-Israel conflict, oil markets will be volatile. Short-term price hikes are likely. Investing in Woodside offers a hedge against such disruptions. Currently undervalued, Woodside also boasts a strong dividend yield, making it an attractive and strategic investment choice in these uncertain times.
Pre-Market Pulse 9th October – Strong jobs numbers push both bonds and equities higher, Gaza conflict erupts
Equites jobs report on Friday sparked a delayed rally on Wall Street as the data revealed a strong economy with moderating inflation that helped set aside fears of higher interest rates that caused bond yields to soar
Closing Bell 6th October: ASX Rallies Amid Global Tensions Financials Lead the Way
Despite global economic headwinds, the S&P/ASX 200 index surges, with financial and mining sectors shining bright. Magellan’s dip contrasts the market’s overall resilience.
Alpha Portfolio Recommendation: Sell – XJO Call Mini-Warrants (XJOQOA)
Equity markets have all taken a beating with rise in Bond Yields. Oil dropped 5% overnight so this could help stall the bond rally, which would lead to a relief rally in equities. Use a trailing stop on this trade
Pre-Market Pulse 6th October – Market calms ahead of key US employment figures
Equites finished mixed overnight leading into key employment numbers as the market took a breather from this week’s unhinged indecisiveness.
Closing Bell 5th October: Australia’s Trade Surplus Surges, ASX Finds Footing
Amid global economic shifts, Australia’s trade balance hits a notable high, while the S&P/ASX 200 recovers, reflecting the market’s adaptive resilience.
Pre-Market Pulse 5th October – Oil Extends Slump to Lowest in a Month
Oil prices have taken a hit amidst global financial market unrest, with recent data amplifying concerns about crude and gasoline demand.
Alpha Portfolio Recommendation: Buy – XJO Call Mini-Warrants (XJOQOA)
Equity markets have all taken a beating with rise in Bond Yields. Oil dropped 5% overnight so this could help stall the bond rally, which would lead to a relief rally in equities. Use a trailing stop on this trade
Closing Bell 4th October: ASX Navigates Stormy Waters Tech and Banks Bear the Brunt
The Australian sharemarket approaches an 11-month low, influenced by global rate concerns and Wall Street’s reactions, with tech giants and major banks facing significant drops.