Closing Bell 31st May: Guzman Y Gomez flags IPO. Telix Pharma jumps to record highs
Guzman Y Gomez flags IPO. Telix Pharma jumps to record highs. Gold miners stronger
May 2024
Bulls vs. Bears: Rising yields and Salesforce dent AI optimism (except Nvidia)
In a week where rising bond yields de-railed the equities rally, Nvidia did its best to single handedly hold up the market.
Balanced Portfolio Recommendation: Buy 2% Audinate (AD8)
Audinate Group Ltd (AD8) was founded with a vision to pioneering the future of AV. Audinate’s award winning Dante audio over IP networking solution is a market leader and used extensively in the professional live sound, commercial installation, broadcast, public address, and recording industries
Pre-Market Pulse 31st May – Tech slumps as Salesforce & Dell dent AI optimism
Stocks closed lower for a second straight session, pressured by a salesforce-led dent in technology and cautious sentiment ahead of key inflation data due tonight.
Closing Bell 30th May: Catapult Sports jumps on results. Materials and Energy drag ASX lower
Catapult Sports jumps on results. Materials and Energy drag ASX lower
Alpha Recommendation: Short SNP500 using warrants
Citimini SNP500 are Warrants that track the underlying SNP500 Futures. For each 1c (USD) that the SNP500 Futures moves, the SNP500 Warrants move approximately 1.5c (AUD)
Pre-Market Pulse 30th May – Rising bond yields sink stocks
Rising bond yields weighed down stocks overnight as investors become increasingly wary of stubborn inflation and the prospect of rates remaining higher for longer
Closing Bell 29th May: Inflation higher than expected, sends ASX lower
Inflation higher than expected, sends ASX lower
Pre-Market Pulse 29th May – Nvidia dwarfs’ market, adding half a Trillion in market cap… in a week
The Nasdaq closed above 17,000 for the first time ever Tuesday, underpinned by a surge in Nvidia amid ongoing AI-led optimism.
Closing Bell 28th May: Peter Warren drops on profit warning. Retail sales miss forecasts. Gold miners climb
Retail sales miss forecasts, Peter Warren and ASX drops. Gold miners climb. Boss Energy falls
Pre-Market Pulse 28th May – Markets quiet as America pays respect on Memorial Day
Futures and metals prices ground higher in thin markets overnight as the US paid respect to their fallen on Memorial Day and the UK had a Bank Holiday
Closing Bell 27th May: Lendlease jumps on strategy change. Broad rally pushes ASX higher
Lendlease jumps on strategy change. The Australian sharemarket rebounded on Monday following a sharp sell-off last week.