Closing Bell 21th May: James Hardie Plunges Amid Weaker Housing Outlook
Australian shares dipped midday Tuesday as declines in James Hardie and Sonic Healthcare offset a tech rally following a record high for the Nasdaq.
Closing Bell 20th May: Golden, Silver, Copper Rush: Metals Prices Pushes ThroughHighs!
The Australian sharemarket edged closer to its record high, driven by robust gains in the mining sector.
Balanced Portfolio Recommendation: Take profit Graincorp (GNC)
The trade in Graincorp has worked in our favor and has now hit the highs of the technical. We are going to take profit on the trade.
Bulls vs. Bears: Coppertunity knocks
Incitec Pivot faces $148M loss; Aristocrat reports strong growth; GrainCorp stabilizes operations. Copper Warrants (ZHGKOB) highlighted as trade of the week amid supply shortages and record prices.
Closing Bell 16th May: Aristocrat Leads Market Rally Amid Surprising Jobs Data and Rate Cut Speculation
The S&P/ASX 200 surged on Thursday as the jobless rate rose faster than expected to 4.1%, indicating an economic slowdown aligning with Reserve Bank forecasts.
Balanced Portfolio Recommendation: Sell 3% Incitec Pivot Ltd (IPL)
Sell 3% of Incitec Pivot Limited (ASX: IPL). The ongoing divestment of its Fertilisers business introduces significant complexity and uncertainty, impacting financial stability.
Closing Bell 14th May: Lacklustre day for ASX ahead of Fed Budget & US inflation data
Ahead of the federal budget, Australian shares saw modest declines, with the S&P/ASX 200 dropping by 0.4 percent as the market reacted to a flat performance on Wall Street and awaited crucial inflation data from the US. The real estate sector felt the brunt of the losses, dipping 0.9 percent, influenced by interest rate sensitivities.
Closing Bell 10th May: ASX Climbs on Energy Boost and China Recovery Hopes
The Australian Stock Exchange saw gains, led by energy companies as optimism over China’s economic rebound and rising commodity prices fueled market enthusiasm.
Bulls vs. Bears: Stocks sail higher on rate cut optimism
The investor sentiment pattern, in the US equity market in particular, is of extreme selective hearing with any weakness in the economy cheered because it will trigger rate cuts, while any strength in the economy is cheered as “proof” of a soft landing.
Closing Bell 9th May: Australian Markets Slide as Retail Woes Deepen Amid Economic Pressures
Australian shares fall sharply with retailers and banks hit hard by rising living costs and dampened consumer spending, signaling tougher economic times ahead.
MPC Markets Calendar – May 2024
Economic Calendar – May 2024 Economic Calendar – May 2024 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 29🏦[All Day] JP
Balanced Portfolio Recommendation: Take Profit – 1/2 of Paladin Energy (PDN)
This action secures a solid 25% profit on half of our investment, aligning with our initial risk management and profit-taking strategy. By locking in gains, we protect our portfolio against unforeseen market volatilities while capitalizing on our successful positioning.