Alpha Recommendation: BUY PWR Holdings (PWH)
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August 2024
Alpha Recommendation: BUY Megaport (MP1)
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Bulls vs. Bears: Episode 31: Earnings Lay Bare the Hits and Misses
This week, mega-cap earnings disappoint as investors ask “where’s the revenue”, US economy starts to show cracks and middle east conflict flares up (again)
Balanced Portfolio Recommendation: BUY 7.5% Telix Pharma
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Closing Bell 16th August: Domain jumps on earnings results. ASX rally continues
The Australian sharemarket extended its gains for the sixth consecutive session, driven by broad-based optimism as investors increased their bets on potential interest rate cuts by central banks later this year. Wall Street’s overnight rally, spurred by stronger-than-expected US retail sales data, added to the positive sentiment. The S&P/ASX 200 climbed 1.3% to 7966 points, with the materials sector rebounding 2.1%.
Pre-Market Pulse 16th August – “what recession?” Retail sales show US consumer still spending
Stocks closed higher for the sixth straight session Thursday, as fears of an economic slowdown were dispelled following stronger-than-expected labor market and retail sales data.
Closing Bell 15th August: Pilbara Minerals to acquire latin resources
The jobless rate edged up to 4.2% in July, slightly higher by 0.1%. Despite adding 58,200 jobs, largely due to mass immigration, market sentiment was mixed.
Balanced Portfolio Recommendation: Sell (stop-loss) Nufarm (NUF)
We recommend reallocating 2% of our portfolio from Elders (ELD) to Nufarm (GNC). This decision is based on the realization of a 9.2% profit in Elders and the assessment that Nufarm is currently undervalued, as supported by its recent earnings report and market conditions.
Alpha Recommendation: BUY Playside Studios (PLY)
PlaySide Studios Limited (PLY) develops video games for multiple platforms including mobile, PC/Console, virtual reality and mixed reality, with a portfolio of approximately 60 titles
Pre-Market Pulse 15th August – Stocks drift higher as Investors put Inflation in the rear-view mirror
Stocks drifted higher driven by encouraging data showing a continued slowdown in inflation. This has raised expectations that the Federal Reserve might soon begin cutting interest rates, potentially as early as next month.
Closing Bell
Closing Bell 14th August: Healthcare Gains, Pro Medicus Leads the Charge
The Australian sharemarket saw a solid rise, with the S&P/ASX 200 Index gaining 0.6% (43.1 points) to reach 7869.9, driven by strong performances in industrial and healthcare stocks.