Closing Bell 21th May: James Hardie Plunges Amid Weaker Housing Outlook
Australian shares dipped midday Tuesday as declines in James Hardie and Sonic Healthcare offset a tech rally following a record high for the Nasdaq.
May 2024
Alpha Recommendation: Take Profit (+18%) Liontown Resources Ltd (LTR)
Liontown Resources (LTR) operates as a Battery Minerals producer, targeting the Electric Vehicle and Energy Storage industries in Western Australia. Take Profit (+18%)
Pre-Market Pulse 21st May – Stocks mixed, Metals higher on Asian Central Bank buying
Stocks traded in tight ranges Monday, with investors cautious ahead of more cues on interest rates and earnings this week. Metals held their Asian session gains with Gold and Copper settling at record highs and Silver pushing to 12-year highs at $32
Closing Bell 20th May: Golden, Silver, Copper Rush: Metals Prices Pushes ThroughHighs!
The Australian sharemarket edged closer to its record high, driven by robust gains in the mining sector.
Balanced Portfolio Recommendation: Take profit Graincorp (GNC)
The trade in Graincorp has worked in our favor and has now hit the highs of the technical. We are going to take profit on the trade.
Balanced Portfolio Recommendation: Buy 4% Global Copper Producers ETF (WIRE)
The recent surge in Copper prices to record highs is likely to continue with production falling and demand rising from the energy transition and data center demand from AI
Pre-Market Pulse 20th May – Equities stall, Metals surge higher
The Dow closed above 40,000 for the first time ever on Friday, notching a five-week win streak as rate-cut hopes while precious metals soared with copper & Gold making a record highs and silver playing catch-up with gold at new decade highs
Closing Bell 17th May: QLD Gov defers Star Groups license ban. XJO falls due to weaker healthcare and tech
QLD Gov defers Star Groups license ban. XJO falls due to weaker healthcare and tech. Bendigo Bank rallies on great results
Bulls vs. Bears: Coppertunity knocks
Incitec Pivot faces $148M loss; Aristocrat reports strong growth; GrainCorp stabilizes operations. Copper Warrants (ZHGKOB) highlighted as trade of the week amid supply shortages and record prices.
Market Calendar 20th May – 24th May 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 17th May – Equities take a breather as Fed says CPI “not enough” to cut rates
The DOW briefly topped 40,000 for the first ever as investors weighed up comments from Fed Williams, a rebound in Treasury yields and a rally in Walmart.
Closing Bell 16th May: Aristocrat Leads Market Rally Amid Surprising Jobs Data and Rate Cut Speculation
The S&P/ASX 200 surged on Thursday as the jobless rate rose faster than expected to 4.1%, indicating an economic slowdown aligning with Reserve Bank forecasts.