ASX faces midday downturn, tracking global markets after Fed’s Waller cools rate cut hopes. NAB revises RBA stance, while Evolution Mining sees significant fall.
Take Profit Telix Pharma (TLX) in our balanced portfolio, we will take half our allocation for a 15.8% profit as we see the overall market underperforming in the next couple of weeks.
A recent rally in the underlying Uranium price has seen the spot price rally from $80 to a fresh 16-year of $104. We have hit profit target for Deep Yellow and taken a 26% profit on the trade.
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“Uranium producers remain in the spotlight, as stock values surge with increasing global demand, marking a significant uptrend in the energy sector.
A recent rally in the underlying Uranium price. The we have hit the recent highs for Paladin and recommend taking our position off as it has hit profit target.
ASX sees robust gains led by SILEX and SOUTH32, with tech and mining sectors driving the surge amid positive global market sentiments and local growth.
With our Paladin holding a solid 20% in the money, we are recommending a 40% trim to the company specific play and switch to the broader and safer URNM ETF holding to remain involved in the Uranium/Nuclear power thematic.
Tech leads U.S. market rebound with Nvidia’s surge, while Boeing faces decline and commodities falter amidst cautious optimism from financial analysts
ASX edges close to record levels, driven by mining giants and tech; Australian dollar rebounds strongly, influenced by international rate cut expectations.
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The festive spirit continues in the ASX as Santa’s Rally propels stocks higher, driven by Wall Street’s surge and anticipation of US rate cuts.
