Closing Bell 23th October: ASX’s Rocky Ride Continues
ASX’s tumultuous journey persists, marked by significant drops in key sectors. Amidst global conflicts, the market grapples with potential shifts in economic policies.
Closing Bell 20th October: Energy and Gold Shine Amidst ASX Decline
Amidst market uncertainties, the energy sector and gold miners emerge resilient, benefiting from rising crude futures and record AUD gold prices, respectively.
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Closing Bell 19th October: ASX Plummets Amid Geopolitical and Domestic Pressures
The ASX faced a harsh decline influenced by escalating Middle East tensions and unexpected shifts in Australia’s domestic unemployment figures.
Closing Bell 18th October: Whitehaven Coal’s Game-Changing BHP Acquisition
The ASX today is abuzz with Whitehaven Coal’s victorious bid for BHP’s Queensland mines, a move set to redefine industry competition and market dynamics.
Alpha Portfolio Recommendation: Buy – Paladin Energy Ltd (PDN)
A recent rally in the underlying Uranium price. We are generally bullish the energy sector and see PDN as a short term buy with a ~10% trailing stop
Closing Bell 17th October: ASX Resilience Amid RBA’s Hawkish Stance and Global Tensions
ASX shows adaptability, navigating through RBA’s robust monetary discussions and global uncertainties, reflecting a market responsive to multifaceted economic and geopolitical influences.
Alpha Portfolio Recommendation: PPK group (PPK)
*** GENERAL AVICE ONLY***
Trade Date: 17/10/2023
Recommendation
Entry price: <1.045 Target Price: >1.95
Stop Loss: 0.81 (9% trailing)
Rationale
PPK Group’s subsidiary BNNT has announced it has significantly reduced the price of its high-quality, Australian-made boron nitride nanotubes (BNNT) following a series of production improvements that have dramatically lowered the cost of production for the multi-use super material. BNNT now starts from US$150/gram, compared to the approximately US$400/gram offered by competitors.
Closing Bell 16th October: Geopolitical Strife Casts Shadows Over ASX Performance
The unfolding geopolitical turmoil in the Middle East casts a shadow over the ASX, driving fluctuations and a downturn in technology stocks.
Balanced Portfolio Recommendation: Buy – CSL Ltd (CSL)
CSL is also very close to trial results for a heart attack drug CSL112, a key pipeline product for CSL. Base case assumptions imply a valuation of around $30/share.
Closing Bell 13th October: China’s Sluggish CPI Raise Economic Concerns
China’s unchanged consumer inflation in September and declining producer prices signal potential economic challenges, amidst a property crisis and waning consumer confidence.
Closing Bell 12th October: Oil Markets Navigate Israel-Hamas Tensions; RBA Eyes Rate Hike
Amidst the Israel-Hamas conflict, oil prices waver, while the Reserve Bank of Australia contemplates a potential rate hike in its upcoming November meeting.