Bulls vs. Bears: Episode 29: Slowing growth arrives to shut down the equities party
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: Take Profit 4% Woolworth Group Ltd (WOW)
We advise selling 4% of our portfolio allocation in Woolworths Group Ltd (WOW). The stock has provided an 11% profit, rising from our entry at $30.8 to an exit at $34.2. Given the recent challenges faced by the company, including operational issues and potential management changes, there is uncertainty surrounding the upcoming earnings release. These factors could lead to a revaluation of the stock, making it a prudent time to lock in profits and reduce exposure.
Balanced Portfolio Recommendation: S&P500 Short ETF (Hedge)
Poor economic data out of the US has started to pile up along with soured sentiment on the Mega-Cap stocks and the AI thematic. We are recommending a 5% allocation to a portfolio protection tool or “short hedge” to buffer the damage from any downside move
Closing Bell 29th July: Broad Gains on ASX as Tech and Energy Stocks Lead Rally; Inflation Data in Focus
The Australian sharemarket experienced broad gains, driven by a positive rebound on Wall Street following inflation data, suggesting the US Federal Reserve may lower interest rates. The S&P/ASX 200 Index rose by 0.8%
Bulls vs. Bears: Earnings Misses Spark a Tech Wreck
This week, Wall Street experienced a sustained decline in tech stocks, marking a tumultuous period for the sector globally.
Balanced Portfolio Recommendation: Switch 5% Newmont Corporation (NEM) to Northern Star (NST)
Northern Star Resources, one of the largest gold producers, operates major mines in Australia and Alaska. Despite its solid operations and strong cash generation, NSR is currently undervalued compared to its peers. This undervaluation, coupled with its ongoing growth plans, makes it an attractive investment.
Closing Bell 24th July: ASX Stagnates Amid Mixed U.S. Earnings Reports; Telix and Flight Centre Slump
The Australian share market remained flat at midday, with the S&P/ASX 200 Index steady at 7969.8, following a weak lead from Wall Street.
Bulls vs. Bears: Sun starts to set on tech rally
A heavy rotation out of the Magnificent 7 and tech stocks into small caps was pronounced this week
Closing Bell 19th July: ASX Slumps Below 8000 Points Amid Banking, Mining, and Tech Weakness; Lifestyle Communities Shares Plunge 16%
Australian shares fell by 1.2% to dip below 8000 points at lunchtime, driven down by declines in the banking, mining, and technology sectors.
Market Calendar 22nd July – 26th July 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Closing Bell 18th July: Tech Sector Plunge Drags Australian Shares 0.2% Lower Amid Global Semiconductor Sell-Off
Australian shares fell by 0.2% at lunchtime, primarily driven by a 2.9% tumble in the tech sector, which mirrored declines in overseas markets.
Closing Bell 17th July: Gold Prices Hit New Peak, Boosting ASX Gold Miners Amid Record Sharemarket Rally
A surge in interest rate-sensitive technology and real estate stocks propelled the Australian sharemarket to a new intraday record on Wednesday.