Closing Bell 28th November: ASX Reaches New Heights Amid Mixed Global Signals and Crypto Resurgence
The S&P/ASX 200 Index hit a record high, rising 0.7% to 8466.7, led by strength in banking and healthcare stocks.
Closing Bell 26th November: Donald Trump announces additional tariffs
The Australian sharemarket retreated on November 26, 2024, with the S&P/ASX 200 Index falling 0.4% to 8485 points, pulled back from Monday’s record close.
Alpha Recommendation: Buy Weebit Nano Ltd (WBT)
Weebit Nano Limited is currently exhibiting a strong upward trend, with its stock price experiencing significant gains following a recent capital raise.
Alpha Recommendation: Buy Megaport (MP1)
Technically, the stock is showing signs of strength, suggesting a potential uptrend or breakout may be forming. This technical strength, combined with the fundamental financial improvements, provides a compelling case for investors. Additionally, after falling 45% in 8 months, the stock is now trading at its lowest revenue multiple in some time. This valuation, coupled with the company’s strong position in the growing network-as-a-service market, presents a favorable risk-reward profile for potential buyers.
Bulls vs. Bears EP42: NASDAQ Slides as Mag7 goes on Sale
A wrap of the week in markets from the boys at MPC Markets.
We cover stocks, politics, opportunities on the ASX and geopolitics
Closing Bell 31st October: Mineral Resources Rocks the Market with a $1.1B Deal Surge!
Mineral Resources (MinRes) has agreed to sell its oil and gas assets in the Perth Basin to Gina Rinehart’s Hancock Prospecting in a $1.1 billion deal.
Closing Bell 22nd October: ASX Dips as Investors Push RBA Rate Cut Expectations to May 2024
The Australian sharemarket tumbled on Tuesday, with the S&P/ASX 200 Index falling 1.4%, or 226.4 points, to 8228 by midday, following a sell-off across all sectors.
Closing Bell 21th October: When Visionary Leadership Becomes a Double-Edged Sword
Australia’s sharemarket rose 0.7% on Monday, with the S&P/ASX 200 Index gaining 55.2 points to 8338.7, driven by strength in the materials and healthcare sectors. Mining stocks led the charge, with iron ore prices rebounding and gold prices surpassing $US2700 per ounce.
Closing Bell 17th October: Amazon Powers Up – Uranium Stocks Surge on Nuclear Ambitions
The S&P/ASX 200 Index was up 73 points, or 0.7%, at 8363.5 by midday, having earlier climbed as much as 1.2% to a new intraday high. The Australian economy added 64,100 jobs in September, more than double the forecast, with the unemployment rate steady at 4.1%.
Closing Bell
Closing Bell 14th August: Healthcare Gains, Pro Medicus Leads the Charge
The Australian sharemarket saw a solid rise, with the S&P/ASX 200 Index gaining 0.6% (43.1 points) to reach 7869.9, driven by strong performances in industrial and healthcare stocks.
Balanced Portfolio
Balanced Portfolio: Earnings Season Strategy Coal Sector Relative Value
ResMed Inc.(RMD) pioneer innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. Our digital health technologies and cloud-connected medical devices transform care for people with sleep apnea, COPD, and other chronic diseases. and lower costs for consumers and healthcare systems in more than 140 countries.
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)