Balanced Portfolio Recommendations: SELL – Clinuvel (CUV)
We recommend selling CUV due to the current broader market weakness, with the goal of moving to a cash position to mitigate risk and capitalize on potential future buying opportunities.
Closing Bell 27th March: ASX Rises on Steady Inflation Data Platinum Takes a Hit
Australian shares rebound amid steady February inflation at 3.4%, igniting rate cut hopes. Platinum slumps after $1.4 billion loss. Consumer staples lead gains; mining stocks falter.
Closing Bell 26th March: Real Estate and Tech Drag Down ASX Despite Energy Surge
Australian shares drop as tech and real estate sectors decline, despite energy gains. S&P/ASX 200 down 21 points, mirroring Wall Street losses.
Bulls vs. Bears: To Cut or Not to Cut?
Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.
Balanced Portfolio Recommendation: Switch 2% Worley Limited (WOR) to Maas Group Holdings Ltd (MGH)
Our portfolio has seen considerable returns from Worley Limited (WOR), with a notable performance of approximately 10%, alongside the recent dividend payment. This success prompts a strategic evaluation of our current positions to optimize for future growth and returns. In line with this strategy, we propose reallocating our investment from WOR to Maas Group Holdings Limited (MGH).
Closing Bell 12th March: The Decline of Iron Ore Amidst China’s Recovery Challenges
Iron ore futures dip to a five-month low amid weak demand in China, contrasting with gold’s rise on safe-haven appeal and Bitcoin’s surge to new highs.
Bulls vs. Bears: Bitcoin and Bullion Breaks Records
This week’s episode of “Bulls vs Bears” Bitcoin reached an all-time high of $69,191.95, fueled by U.S. regulatory approval for Bitcoin ETFs, a renewed enthusiasm for tech stocks, and the approaching “halving” event. Gold, on the other hand, marked a significant rise to $2,141.79 an ounce, up 17% from the previous year, driven by its safe-haven appeal amid economic instability and inflation concerns.
Alpha Recommendation: Sell Take Profit on Half – Judo Capital (JDO)
JDO has reached it’s technical level on the upside, there is still reason to remain in the trade due to been a potential takeover target. So we are taking off half our position.
Closing Bell 7th March: Banks lead ASX higher as CBA hits record
ASX rose 0.2% with tech optimism and rate cut prospects by the Fed. CBA hit record highs, while Westpac and NAB also surged, reflecting bullish banking sector sentiment.
Closing Bell 6th March: Gold Miners on the ASX Surge as Gold Prices Hit New Highs
ASX gold miners experienced significant gains as gold prices soared to record levels, reflecting increased investor interest in precious metals.
Bulls vs. Bears: Bitcoin’s Bullish Blaze Meets Lithium’s Electrifying Escalade
This week’s newsletter, “Bitcoin’s Bullish Blaze Meets Lithium’s Voltaic Venture,” offers an incisive look into the cryptocurrency surge and lithium’s market ascent. Highlighted in Ausbiz’s ‘The Call,’ MPC Markets’ experts dissect pivotal stocks, ETFs, and the market dynamics propelling Bitcoin and lithium to new heights. Insightful analyses cover a spectrum from tech giants to resource leaders, unpacking investment trends and market sentiment.
Closing Bell 28th February: NextDC Leads Tech Surge as Lithium Miners Pilbara, Liontown, and IGO Score Major Gains
The ASX remained stable, buoyed by a tech sector rally led by NextDC’s revenue surge, while declines in communications and mixed results in other sectors balanced the market.