Closing Bell 26th February: ASX flat. Alumina rallies on takeover bid from Alcoa
ASX flat. Aussie Broadband with bid for Super Loop. Kogan jumps on earnings. Alumina rallies on takeover bid from Alcoa
February 2024
Balanced Portfolio Recommendations: SELL Take Profit Telix Pharma(TLX)
Take Profit Telix Pharma (TLX) in our balanced portfolio, we will take half our allocation for a 15.8% profit as we see the overall market underperforming in the next couple of weeks.
Balanced Portfolio Recommendation: Sell Take Profit – EBOS Group (EBO)
Sell Take Profit – EBOS Group (EBO). EBO has remained range bound even after their earnings report. Looking to take profit on position if it gets to the top of the recent range around $35
Balanced Portfolio Earnings Update: IPD Group (IPG)
While there has been volatility today with the release of IPD Group (IPG) earnings, the company has beaten on most analysts expectations. IPG should rally to new highs in the near future. Take profit on IPG above $5.50
Alpha Recommendation: Stop Loss Hit- PeopleIn (PPE)
Upon reviewing PeopleIn’s first-half FY24 earnings, we recommend exiting our position. Despite a record revenue of $602.7 million, the company faced a significant decline in profitability, with EBITDA and NPATA down by 37.7% and 34.3%, respectively. This downturn is attributed to a shift towards lower-margin work and a decrease in permanent recruitment, particularly in the tech sector. Although PeopleIn has implemented cost-saving measures, the current financial challenges, exacerbated by tough market conditions, suggest a prudent move to mitigate risks.
Alpha Recommendation: Buy – Judo Capital (JDO)
Buy – Judo Capital (JDO). Judo Capital Holdings Limited (JDO) is an Australian bank with a focus on lending to small and medium enterprises (SMEs). Judo’s product offering provides SME Customers with tailored lending solutions for their SME business needs. The bank has 3,758 SME Lending customers and 35,050 Term Deposit customers.
Pre-Market Pulse 26th February – Equities eek out record closing high on the shoulders of Nvidia
Stocks eked out another closing record high on Friday, with all three Wall Street benchmarks scoring weekly gains, as artificial intelligence stocks had enough steam to keep the rally chugging along.
Bulls vs. Bears: Nvidia whips up AI frenzy
Welcome to our weekly roundup of financial market updates. We delve into company earnings, investment insights, and market trends, providing valuable insights into the ever-changing landscape of finance.
Closing Bell 23rd February: AI Boom lifts ASX. Block, NextDC rise
AI Boom lifts ASX. Block, NextDC rise. Woodside sells $2.1b Scarborough stake. NAB analysts calls inflation rebound
Balanced Portfolio Recommendation: Buy Add – Stanmore Resources (SMR)
Buy Add – Stanmore Resources (SMR). Stanmore Resources (SMR) owns and operates the Isaac Plains Complex in Queensland’s prime Bowen Basin region which includes the Isaac Plains Mine and processing facilities, the adjoining Isaac Plains East (operational), Isaac Downs Project (under development) and the Isaac Plains Underground Project.
Market Calendar 26th Feb 2024 – 1st March 2024
Anticipating next week’s AU company earnings updates & economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 23rd February – Stocks ride Nvidia to record highs
Stocks climbed to record highs after Nvidia’s blowout earning reinforced investor optimism in artificial-intelligence boom, ushering in a sea of green across tech stocks.