Closing Bell 13th November: Elders Surges in Declining ASX Market Dominated by Energy and Banking Losses
Amidst a general ASX downturn driven by energy and bank stock losses, Elders stands out with a notable surge, defying broader market trends.
Strategy Update: Agriculture Reporting Season – Elders Earnings Update
Elders have reported results this morning beating expectations and rallying 10%. This positivity
Weekend Edition: 11th November 2023
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Closing Bell 10th November: Fed Chairman Powell Hints at Further Rate Hikes, Markets React
In a shift from previous expectations, Fed Chairman Jerome Powell’s comments on potential rate hikes spooked Wall Street, leading to a drop in bond yields.
Balanced Portfolio Recommendation: Trim Neuren Pharmaceuticals (NEU)
At all time highs, we recommend a trim of 1% (one third) of the holding
Strategy Update: Agriculture Reporting Season Update
The Biden administration has flagged $79bl as a point where the US will top up their strategic reserves, we see crude oil here at $77 good value and risk/reward
Closing Bell 9th November: ASX Rises Amid Tech Turbulence and Mining Moderation
ASX edges higher despite tech sector slump, with healthcare gains and mining giants’ resilience amidst global economic and interest rate concerns.
Closing Bell 8th November: ASX Rebounds Midday, Tech Rises as Miners Stumble Amidst Global Commodity Dip
ASX recovers with tech stocks rallying, despite mining giants’ fall due to weak Chinese data and a global decline in commodity prices.
Alpha Portfolio Recommendation: Buy – Crude Oil ETF (OOO)
The Biden administration has flagged $79bl as a point where the US will top up their strategic reserves, we see crude oil here at $77 good value and risk/reward
Closing Bell 7th November: RBA Raises Cash Rate to 4.35% Amid Inflation Concerns
The Reserve Bank of Australia has increased the cash rate by 25 basis points, aiming to curb persistent inflation and stabilize economic growth.
Alpha Portfolio Recommendation: Sell – Australian Dollar AUD
The Reserve Bank of Australia (RBA) has increased the cash rate target by 25 basis points to 4.35%, alongside a similar increase for the interest rate on Exchange Settlement balances, in response to persistent inflation that, while past its peak, remains too high. After the RBA hike rates by 25 bps on Tuesday, the language was fairly cautious causing the the AUD to sell off against the USD.
Closing Bell 6th November: Investors rally behind ASX tech amidst economic optimism
ASX’s tech stocks are on a tear today, leading the charge as rate hike jitters take a back seat. Investors, it’s time to buckle up for a tech-tastic ride.