Closing Bell 5th October: Australia’s Trade Surplus Surges, ASX Finds Footing
Amid global economic shifts, Australia’s trade balance hits a notable high, while the S&P/ASX 200 recovers, reflecting the market’s adaptive resilience.
Closing Bell 4th October: ASX Navigates Stormy Waters Tech and Banks Bear the Brunt
The Australian sharemarket approaches an 11-month low, influenced by global rate concerns and Wall Street’s reactions, with tech giants and major banks facing significant drops.
Closing Bell 3rd October: RBA Holds Steady Markets Navigate Inflation and Interest Rates
The RBA maintains a 4.1% cash rate amidst rising inflation concerns, prompting bond yields to ease and the sharemarket to hover near a six-month low.
Alpha Portfolio Recommendation: Sell- Paladin Energy Ltd (PDN)
General market risk-off, global bond yields have reach new multi-year high causing a sell off in risky assets.
Alpha Portfolio Recommendation: Take Profit – Paladin Energy Ltd (PDN)
A recent rally in the underlying Uranium price. The we have hit the recent highs for Paladin and recommend taking half our position off for a quick scalp.
Alpha Portfolio Recommendation: Sell- Stanmore Resources (SMR)
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, we hit our target exit price and took profit on the trade.
Closing Bell 29th September: ASX Faces Downward Pressure Amid Retail Slowdown and Global Oil Rally
Amid a global oil rally and bond market sell-off, the Australian Dollar tumbles, retail sales growth slows, and the ASX faces downward pressure in consumer stocks.
Closing Bell 27th September: Inflationary Pressures Test New Reserve Bank Governor
Michele Bullock faces a stern test as inflation hits 5.2%, exceeding the central bank’s target. The rise, driven by robust wages and energy costs, signals persistent pressures.
Closing Bell 26th September: Surge in Treasury Yields Signals Extended High Interest Era
Explore the surge in Treasury yields signalling an extended high-interest era, the impact on global markets, and the steadiness in oil prices.
Balanced Portfolio Recommendation: Trim – Yancoal Australia Ltd (YAL)
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, We are generally bullish the energy sector and see SMR as a short term buy with a 10% trailing stop
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 25th September: Navigating Through Surging Oil Prices and Falling Iron Ore Futures
Surging oil prices and falling iron ore futures are creating a challenging landscape for investors, necessitating strategic navigation through this fluctuating financial terrain.