Alpha Portfolio Recommendation: Buy – Coronado Global Resources (CRN)
Coronado Global Resources Inc (CRN) is an international producer of Met Coal, an essential element in steel production
Coronado Global Resources Inc (CRN) is an international producer of Met Coal, an essential element in steel production
The final leg of our agricultural earnings season strategy, we are recommending a switching the 2% allocation in Nufarm to GrainCorp
Equities resumed the rally overnight despite Nvidia disappointing investors with their results.
Seasonaly, equities have a decent finish to November. This usually starts around Thanksgiving. So looking to go long XJO over this period
Despite exceeding analysts’ revenue forecasts, Nvidia’s latest report underwhelmed investors betting on a significant AI boom, leading to a cautious reaction in the stock value.
NVidia beat on both top and bottom lines against analyst expectations, however much of this was “baked in” as the stock initially fell 3%
The Australian sharemarket rose, led by mining stocks amid China’s stimulus, while US equities rallied following Microsoft’s record high and anticipation of Nvidia’s earnings.
The Nasdaq hedge is unlikely to work over the short-term as the thesis of the rate hiking cycle being finished, combined with the 70% occurrence of a “Christmas Rally”
Equities closed higher overnight ahead of the release of minutes from the Federal Reserve’s September meeting and earnings from Nvidia that will likely set the tone for big tech in a holiday-shortened week.
Oil markets exhibit stability in anticipation of the upcoming OPEC+ meeting, with investors closely watching for decisions that could shape 2024’s energy landscape.
IPD Group, valued at around $330 million, excels in electrical engineering, focusing on data centres, industrial installations, and EV charging infrastructure. After over five decades as a private entity, it went public in 2021, emphasizing its quality commitment and experienced management team, driving success and growth.
Equities finished slightly higher Friday, notching their third-straight weekly win as stocks were buoyed by slowing inflation data earlier this week that fueled optimism that Federal Reserve rate hikes has peaked.