Closing Bell 24th June: ResMed tumbles after weight loss drug trial results. ASX continues to sell off
ResMed tumbles after weight loss drug trial results. ASX continues to sell off
June 2024
Pre-Market Pulse 24th June – Nvidia stalls as Microsoft reclaims #1
Equities closed marginally higher despite Nvidia taking a second 3% hit in a row, cooling from its recent melt-up, handing back #1 spot to Microsoft
Balanced Portfolio Recommendation: Lithium Strategy update – Switch Arcadium to Liontown
After our timely trim less than a month ago, Lithium stocks have fallen heavily due to EOFY Tax loss selling.
Our relative value model now suggests that Liontown presents more long term value
Closing Bell 21st June: Kathmandu lower on sales warnings. CBA trying to take over BHP as most valuable company
Kathmandu lower on sales warnings. CBA trying to take over BHP as most valuable company
Bulls vs. Bears: Nvidia becomes worlds most valuable… for a day
Equities saw mixed performance this week, with AI mega caps hitting record valuations, despite broader market weakness and a cautious outlook from the Federal Reserve.
Pre-Market Pulse 21st June – Cracks starting to show as Housing starts slump & Jobless claims rise
Equities closed lower Thursday after briefing topping the 5,500 milestone for the first time ever as Nvidia cooled its recent rally, dragging the broader tech sector lower and flurry of economic data pointing to signs of a weaker economy.
Closing Bell 20th June: Guzman Y Gomez surges on listing. ASX lower in quiet trade
Guzman Y Gomez surges on listing. ASX lower in quiet trade
Pre-Market Pulse 20th June – Quiet markets, US closed for Juneteenth -Freedom Day
The US markets were closed overnight for the “Juneteenth” or Freedom Day holiday, commemorating the end of slavery in 1865.
Closing Bell 19th June: Nuclear Stocks Rebound on Peter Dutton’s Pledge for Seven Nuclear Plants by 2050
Australian shares turned lower in the final hours of trading, with the S&P/ASX 200 down 16 points, or 0.2%, at 7761.60 around 2:30 pm. Despite gains in energy stocks, which remained the best-performing sector up 0.7%, the broader index faced moderate declines. Woodside shares rose by 1.2%, driven by overnight gains in oil and LNG.
Balanced Portfolio Recommendation: Add 3.75% – Global X Physical Silver (ETPMAG)
ETPMAG is backed by physical silver. Each physical bar is segregated, individually identified and allocated.
Pre-Market Pulse 19th June – Nvidia crowned most valuable, King of stocks
The US markets closed at another record high on Tuesday as Nvidia rallied to usurp Microsoft as the most valuable company, pushing the broader tech sector higher and overshadowing economic data pointing to a more wary U.S. consumer.
Closing Bell 18th June: ASX Rallies Ahead of RBA Decision; Financials Lead Gains, Fortescue Slumps
Today, the Australian share market saw a broad rally, pushing the S&P/ASX 200 Index up by 0.9%, or 68.2 points, to 7768.5 by midday. All 11 sectors were in the green, with investors eagerly awaiting the Reserve Bank of Australia’s (RBA) cash rate decision at 2.30pm AEST.