Bulls vs. Bears: Major Banks Set to Reveal Q1 Earnings Amid Rising Costs and Challenges
Silver shines with an 8% gain in March, signaling potential outperformance over gold, bolstered by demand in tech and green energy sectors.
April 2024
Pre-Market Pulse 12th April – Big tech leads market higher as inflation jitters ease
Equities recovered from yesterdays inflation nerves, led by tech, as data showing cooling producer prices eased inflation jitters somewhat just a day ahead of earnings from major Wall Street banks.
Closing Bell 11th April: XJO red for day but rebounds from early lows. Netwealth and Hub24 weaker
XJO red for day but rebounds from early lows. Netwealth and Hub24 weaker. Miners and Energy stronger
Pre-Market Pulse 11th April – High inflation numbers throw cold water on rate cuts calls
Equities pared back steep early losses to only finish down 1% after hotter-than-expected inflation data threw cold water on hopes that the Federal Reserve would begin cutting interest rates as early as June.
Closing Bell 10th April: ASX Climbs on Mining and Health Sector Strengths Amid Optimistic Iron Consumption Forecasts
The Australian share market experienced a notable uplift, primarily driven by a surge in mining stocks amidst optimistic forecasts for iron ore consumption.
Alpha Recommendation: Buy – Electro Optic Systems Holdings Ltd (EOS)
EOS’s record revenue of $219.3 million, along with its successful A$35 million institutional placement, underscores its robust financial health and growth trajectory. The company’s strategic focus on expanding its defense technology portfolio, especially in counter-drone and space warfare,
Pre-Market Pulse 10th April – Equities drift higher, Nvidia slips as competition heats up
Equities closed slightly higher as investors marked time ahead of key inflation data being released tonight. Treasury yields traded lower ahead of the data, giving light relief to the equity market.
Closing Bell 9th April: Iron Ore Leads the Charge as Australian Miners Rally
Australian shares rise, led by mining sector gains amid optimistic forecasts for iron ore demand. Major miners like Rio Tinto and BHP showcase significant growth.
Balanced Portfolio Recommendation: Switch 2% Graincorp (GNC) to Nufarm (NUF)
The recent rain on the eastern seaboard and central-west NSW has secured enough moisture for winter crops to be planted and a surge in demand for Nufarm’s products following high rainfall in the East Coast post-Christmas.
Pre-Market Pulse 9th April – Stocks finish flat as investors are wary into key inflation data
Equities closed flat overnight amid cautious trading ahead of the latest inflation reading as well as the start of the first-quarter earnings season later this week.
Closing Bell 8th April: XJO edges higher. Life 360 jumps. Energy stocks cool while Tech rebounds
XJO edges higher. Energy stocks cool while Tech rebounds. Elders drops 24%. Life360 rallies on user numbers
Balanced Portfolio Recommendations: ADD Elders (ELD)
We recommend to add into the weakness due to improving agricultural conditions