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.
US Earning Calendar: 9th October – 13th October
Anticipating next week’s ASX company earnings release. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Closing Bell 11th October: Global Rate Halt Speculations Soften Bond Yields as Israel Preps for Ground Offensive
Australian and US bond yields reflect growing sentiments against rate hikes. Meanwhile, Israel signals a potential ground assault, escalating Middle East tensions.
Closing Bell 10th October: ASX Soars Amid Global Economic Signals
The S&P/ASX 200 rallies past 7000, influenced by US Federal Reserve’s stance and NAB’s inflation insights, with all sectors, especially utilities and energy, registering gains.
Closing Bell 9th October: Middle East Tensions Fuel Oil Surge
Oil prices soar over 4% following Hamas’ unexpected attack on Israel, raising global concerns about Middle East stability and potential disruptions to energy supplies.
Alpha Portfolio Recommendation: Buy – Karoon Energy Ltd (KAR)
With the Hamas-Israel conflict escalating, oil prices are poised to rise due to potential supply disruptions. Karoon Energy, holding a significant interest in Brazil’s Santos Basin, is well-positioned to benefit from these price surges. An entry at <2.57, targeting >3.00, captures this anticipated oil price uptrend. The 9% trailing stop loss offers a protective measure. In this volatile oil market, Karoon presents a timely and strategic investment opportunity.
Alpha Portfolio Recommendation: Buy – Ramelius Resources Limited (RMS)
In light of the recent Hamas-Israel conflict, global markets are bracing for heightened volatility. Historically, during geopolitical tensions, gold has been a sought-after safe-haven asset. Investing in Ramelius Resources Limited, a reputable gold producer, offers a strategic hedge against such uncertainties.
Balanced Portfolio Recommendation: Buy – Woodside Energy Group Ltd (WDS)
Amid the Hamas-Israel conflict, oil markets will be volatile. Short-term price hikes are likely. Investing in Woodside offers a hedge against such disruptions. Currently undervalued, Woodside also boasts a strong dividend yield, making it an attractive and strategic investment choice in these uncertain times.
Closing Bell 6th October: ASX Rallies Amid Global Tensions Financials Lead the Way
Despite global economic headwinds, the S&P/ASX 200 index surges, with financial and mining sectors shining bright. Magellan’s dip contrasts the market’s overall resilience.
Alpha Portfolio Recommendation: Sell – XJO Call Mini-Warrants (XJOQOA)
Equity markets have all taken a beating with rise in Bond Yields. Oil dropped 5% overnight so this could help stall the bond rally, which would lead to a relief rally in equities. Use a trailing stop on this trade