Kai Chen - MPC Markets

Balanced Portfolio Recommendation: Take Profit 4% Woolworth Group Ltd (WOW)

Kai Chen / August 2, 2024

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

Balanced Portfolio Recommendation: S&P500 Short ETF (Hedge)

Kai Chen / August 2, 2024

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

Closing Bell 29th July: Broad Gains on ASX as Tech and Energy Stocks Lead Rally; Inflation Data in Focus

Kai Chen / July 29, 2024

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

Bulls vs. Bears: Earnings Misses Spark a Tech Wreck

Kai Chen / July 26, 2024

This week, Wall Street experienced a sustained decline in tech stocks, marking a tumultuous period for the sector globally.

Balanced Portfolio

Balanced Portfolio Recommendation: Switch 5% Newmont Corporation (NEM) to Northern Star (NST)

Kai Chen / July 25, 2024

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

Closing Bell 24th July: ASX Stagnates Amid Mixed U.S. Earnings Reports; Telix and Flight Centre Slump

Kai Chen / July 24, 2024

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

Bulls vs. Bears: Sun starts to set on tech rally

Kai Chen / July 19, 2024

A heavy rotation out of the Magnificent 7 and tech stocks into small caps was pronounced this week

Closing Bell

Closing Bell 19th July: ASX Slumps Below 8000 Points Amid Banking, Mining, and Tech Weakness; Lifestyle Communities Shares Plunge 16%

Kai Chen / July 19, 2024

Australian shares fell by 1.2% to dip below 8000 points at lunchtime, driven down by declines in the banking, mining, and technology sectors.

Events Calendar

Market Calendar 22nd July – 26th July 2024

Kai Chen / July 19, 2024

Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.

Closing Bell

Closing Bell 18th July: Tech Sector Plunge Drags Australian Shares 0.2% Lower Amid Global Semiconductor Sell-Off

Kai Chen / July 18, 2024

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

Closing Bell 17th July: Gold Prices Hit New Peak, Boosting ASX Gold Miners Amid Record Sharemarket Rally

Kai Chen / July 17, 2024

A surge in interest rate-sensitive technology and real estate stocks propelled the Australian sharemarket to a new intraday record on Wednesday.

Balanced Portfolio

Balanced Portfolio Recommendation: Switch 2% Stanmore Resources (SMR) to New Hope Corporation (NHC)

Kai Chen / July 17, 2024

NHC is currently trading at a discount relative to its intrinsic value and peers, presenting an attractive entry point based on key valuation metrics.

Author name: Kai Chen