Alpha Portfolio Recommendation: Relative Value Play – BUY GEAR & BBUS
with the ASX200 underperforming the S&P 500 by the most in 18 months we are recommending a BUY of the leveraged long ASX200 and a short in the S&P500
December 2023
Closing Bell 22nd December: ASX Nears Record High
ASX edges close to record levels, driven by mining giants and tech; Australian dollar rebounds strongly, influenced by international rate cut expectations.
Weekend Edition: 23rd December 2023
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Pre-Market Pulse 22nd December – Santa buys the dip into the holidays
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
Closing Bell 21st December: Santa rally takes a break
XJO falls slightly as Santa rally takes a break. USA markets break winning streak after a late sell off
Alpha Portfolio Recommendation: TRIM (Take Profit) – Judo Capital Holdings (JDO)
A quick 10% rally in just 6 session may see JDO run out of steam around $1
There are no imminent company announcements to trigger a catalyst for a significant jump from here.
We think it is prudent to bank a 10-15% profit on half and either re-enter under 90c or continue running the 10% trailing stop
Balanced Portfolio Recommendation: Switch STO to YAL
Despite the geopolitical pressure, the Timor approval and WDS merger talk, STO has struggled to fund a bid. Conversely, the recent coal import numbers from China showed a 35% increase in coal imports
Pre-Market Pulse 21st December – Stocks lower on “Santa rally” profit taking
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
Traders vs Titans – the $2.8 billion lithium bet
It’s a good old-fashioned showdown in the lithium sector currently, with mining magnates in one corner and traders in the other
Closing Bell 20th December: Santa’s Rally Keeps Giving
The festive spirit continues in the ASX as Santa’s Rally propels stocks higher, driven by Wall Street’s surge and anticipation of US rate cuts.
Pre-Market Pulse 20th December – Small caps rally eclipses fresh record highs in Dow
The Dow notched up another record high overnight, however, the small-caps continued to play catch up this month, outpacing the “Magnificent-7” heavy Nasdaq and S&P by double
Closing Bell 19th December: XJO rally resumes
XJO rally resumes, commodities and financials strong. Rinehart with joint bid for Azure Minerals