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
April 2024
Balanced Portfolio Recommendations: ADD Elders (ELD)
We recommend to add into the weakness due to improving agricultural conditions
Market Calendar 8th April – 12th April 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 8th April – Equities Rally despite strong payrolls pushing back cuts
Equities rallied Friday night despite very strong US employment numbers put any form of rate cuts this year into question.
Bulls vs. Bears: Silver Bulls Dance the Comeback Waltz
Silver shines with an 8% gain in March, signaling potential outperformance over gold, bolstered by demand in tech and green energy sectors.
Closing Bell 5th April: Mining and Tech stocks weigh on XJO
Mining and Tech stocks weigh on XJO. GQG rises while Magellan falls.
Balanced Portfolio Recommendations: SELL – Clinuvel (CUV)
We recommend selling CUV due to the current broader market weakness, with the goal of moving to a cash position to mitigate risk and capitalize on potential future buying opportunities.
Balanced Portfolio Recommendations: SELL Take Profit – Treasury Wine Estate (TWE)
Treasury Wine Estates will lift prices of its top-tier Penfolds products as export demand rises and as Beijing lifts restrictions on wine from Australia.
Pre-Market Pulse 5th April – Rising geopolitical tensions rattle stock market bulls
Investors remained deluded that rate cuts hopes and a strong economic numbers can co-exist as equities had a relief rally due to Fed chair Powell saying rate cuts remain on the table for this year.
Closing Bell 4th April: ASX rebounds. Gold, Silver and Copper all hit new highs
ASX rebounds. Gold, Silver and Copper all hit new highs. Tech rebounds
Balanced Portfolio Recommendation: Sell 1.5% Duxton Water (D2O)
With Large amounts of rain predicted in Central NSW over the coming week, the urgency to exit Duxton has increased.
This coupled with the emergence of La Niña will bring wetter conditions to country Australia
Balanced Portfolio Recommendation: Buy 3% Newmont Corp
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world’s largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Newmont Corporation bought ASX listed Newcrest mining back in November 2023
Newmont has approximately 31,600 employees and contractors worldwide, and is the only gold company in the Standard & Poor’s 500 stock market index.