Balanced Portfolio Recommendation: Trim Sell Silver (ETPMAG)
Trim Sell Silver (ETPMAG) US Inflation numbers overnight were higher than expected. Silver does not do well in a higher interest rate environment, so time to trim the ETPMAG position
February 2024
Closing Bell 13th February: XJO hovers around 7600. MQG, CSL lower on earnings
XJO hovers around 7600. MQG, CSL lower on earnings. CGF, JBH & AD8 boosted by earnings
Alpha Recommendation: Buy – PeopleIn (PPE)
PeopleIN Limited (PPE) were the provision of staffing, business services and operational services. Services provided by the Group include workforce management, recruiting, onboarding, contracting, rostering, timesheet management, payroll, and workplace health and safety management.
Pre-Market Pulse 13th February – DOW hits record high as energy stocks surge
The Dow closed at record highs Monday, led by energy stocks ahead of a busy week of top-tier economy data, and fresh round of corporate earnings.
Closing Bell 12th February: CSL Stumbles as JB Hi-Fi Soars Ahead of Earnings Week
ASX sees mixed results as CSL’s drug trial disappointment contrasts with JB Hi-Fi’s earnings surge, setting a varied tone for the upcoming key earnings week.
Pre-Market Pulse 12th February – S&P500 closes above 5000 for the first time on AI frenzy
Equities surged higher with the S&P500 closing above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including Nvidia as investors bet on artificial intelligence technology and eyed strong earnings data.
Bulls vs. Bears: Rate Cuts on the Horizon? Analyzing Powell’s Latest Signals
This week’s podcast, titled “Rate Cuts on the Horizon? Analyzing Powell’s Latest Signals” delves into the dynamic interplay between optimistic bulls and cautious bears in the current financial landscape.
Closing Bell 9th February: XJO slightly higher. Healthcare and Telecoms rally
XJO slightly higher. Healthcare and Telecoms rally. Uranium stocks weaker, Lithium rallies
Market Calendar 12th Feb 2024 – 16th Feb 2024
Anticipating next week’s AU company earnings updates & economic figures. Stay informed on the latest financial updates and trends.
Balanced Portfolio Recommendation: Switch PDN to URNM ETF
Given these dynamics, transitioning from Paladin Energy to the Uranium ETF (URNM) is recommended for those seeking to maintain exposure to the uranium sector while managing risk more effectively. URNM offers a diversified investment in uranium and nuclear energy stocks, thereby reducing the volatility associated with individual stock performances like Paladin’s. This move aligns with a strategy to capitalize on the thematic growth of the uranium sector while mitigating risk through diversification.
Pre-Market Pulse 9th February – S&P500 touches 5000 and closes just under
The S&P 500 finished little changed on Thursday after briefly topping the 5,000 milestone for the first time on record.
The broad-based index edged up 0.06% to finish at 4,997.91 after reaching a high of 5,000.40 heading into the close. The Dow Jones Industrial Average rose 48.97 points, or 0.13%, to end at 38,726.33, while the Nasdaq Composite gained 0.24% to close at 15,793.71.
Traders Thoughts: 9th February – Fireside with Barry Sternlicht
Traders Thoughts: Fireside with Barry Sternlicht, Chairman & CEO, Starwood Capital Group