Closing Bell 19th February: ASX near record. Materials surge, Lithium continues rally
ASX near record. Materials surge, Lithium continues rally. Stokes looks to buy remaining BLD. A2M jumps on results
February 2024
Pre-Market Pulse 19th February – Further strong inflation data ends 6-week rally in stocks
Stocks ended their 6-week winning streak as data this week showing inflation remains rein in investor bets on sooner rather later rate cuts.
Bulls vs. Bears: Australian Earning Season in Full Swing
In the latest edition of “Bulls vs Bears,” the spotlight shines on the Australian earnings season, capturing the essence of corporate performance across diverse sectors. From Audinate’s remarkable revenue surge to Wesfarmers’ resilient diversification, the newsletter delves into the financial results that are shaping the investment landscape.
Closing Bell 16th February: Lithium Leads Amid Global Economic Hesitancy
Lithium miners soar as the ASX 200 climbs 0.5%, despite mixed global data sparking rate cut speculations. IAG and QBE dip following earnings reports.
Market Calendar 19th Feb 2024 – 23rd Feb 2024
Anticipating next week’s AU company earnings updates & economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 16th February – Stocks ride Energy and Small Caps to yet another record high
Stocks climbed Thursday, as a jump in energy and small-caps supported the ongoing rally and offset an Apple-led dip in tech and economic data showing possible signs of weakness in the consumer.
Closing Bell 15th February: Altium’s Lucrative Takeover Bid
Today’s ASX market showed notable gains, with the S&P/ASX 200 increasing by 0.9% by midday, led by a 5.9% surge in the tech sector and a 2.6% rise in consumer discretionary, amid a flurry of corporate profit reports.
Pre-Market Pulse 14th February – Equities edge higher as Investors re-assess rate cut timing
The Dow edged higher while Treasury yields slipped on Wednesday as investors tried to assess the timing of possible interest rate cuts from the Federal Reserve, while the dollar eased off of a three-month peak against the yen.
Closing Bell 14th February: XJO drops 1%. SVW and DOW higher on results
XJO drops nearly 1%. DOW, WES & SVW all rally on strong earnings. GNC hit on last years numbers
Balanced Portfolio Recommendation: Buy – Graincorp (GNC)
Based on the updated earnings guidance from GrainCorp and considering the recent weather improvements that positively impact soil moisture and crop prospects, coupled with GrainCorp’s strategic adaptations for future market conditions, it’s recommended to consider buying GrainCorp shares around the $7.5 price point.
Pre-Market Pulse 14th February – Hot inflation numbers wipe out rate cut hopes
The Dow had its worst day in 11 months as US inflation numbers all but wiped out hopes of aggressive rate cuts in the first half of this year.
Balanced Portfolio Recommendation: Sell Take Profit – Judo Bank (JDO)
Our strategy aims to prudently manage risk by locking in profits from our Judo Bank position. Taking profits at this juncture allows us to reduce exposure to potential market corrections and sector-specific risks highlighted by the CBA earnings report and the rising trend in home loan arrears.