Pre-Market Pulse 2nd November – Stocks get relief rally as Fed keeps rates unchanged
Equities ended higher overnight following a slump in Treasury yields after the Federal Reserve kept rates steady for second-straight meeting.
Balanced Portfolio Recommendation: BUY – Paladin Energy (PDN)
Recent earnings results from Canadian uranium-fuel giant, Cameco saw a significant increase in nuclear energy demand and a potential supply gap in the immediate future. This demand is driven by global calls for clean, secure, and affordable energy with Nuclear being the stop-gap solution for base load electricity until new energy technologies become more commercial
Pre-Market Pulse 1st November – Equities book 3rd consecutive monthly loss despite overnight rally
Equities ground higher overnight, led by big tech, ahead of the earnings from Apple later this week, and the Federal Reserve’s interest rate decision due Wednesday.
Pre-Market Pulse 31st October – Equities bounce ahead of Fed and Apple earnings
Equities bounced overnight, led by big tech, ahead of the earnings from Apple later this week, and the Federal Reserve’s interest rate decision due Wednesday.
Pre-Market Pulse 30th October – Tech bounces, energy weighs on Friday after grim week
Big tech regained some ground after a rough week and the DOW slumped as investors digested contrasting corporate earnings as Amazon and Intel impressed, but underwhelming results from oil majors including Chevron left energy stocks nursing heavy losses.
Weekend Edition: 28th October 2023
Discover key financial insights with MPC Markets Weekend Investor Newsletter. Expertly curated, it guides investors through global market trends and strategies, fostering informed investment decisions. Subscribe now.
Pre-Market Pulse 27th October – Tech-wreck continues as Nasdaq breaks down
The so-called Magnificent Seven – Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia and Tesla – have wiped about $US200 billion off their value following this season’s reporting results.
Alpha Portfolio Recommendation: Buy – ResMed Inc (RMD)
A positive surprise is anticipated in today’s quarterly earnings report, and historical reporting has been strong. Currently, the stock is undervalued, making it an opportune time to invest in this stock.
Pre-Market Pulse 26th October – Nasdaq slumps to its worst day since February, dragging equities to 4-month lows
Todays close in the S&P500 notches a fifth daily decline in six sessions, closing below the key 4,200 level. The Nasdaq slumped to 4-month lows, having its biggest single-session percentage drop since February, breaking the key 14,500 level, also the 200ma
Balanced Portfolio Recommendation: Buy – Macquarie Group Ltd (MQG)
Macquarie Bank is set to announce earnings, consistently demonstrating a remarkable record of exceeding expectations. MQG is a cornerstone in our portfolios, showcasing reliable performance. We advise purchasing a 2%-4% allocation of MQG shares on Thursday, anticipating a potential gap-up at Friday’s market open, following the release of positive updates.
Pre-Market Pulse 25th October – Microsoft wins, Google loses in mixed Mega-Tech earnings
Stocks finished higher on Tuesday as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and sparked a broad rally.
Balanced Portfolio Recommendation: Trim Blackrock Mining (BKT)
After a 56% rally on China banning exports to foreign countries, Ex-China graphite assets have enjoyed a spike in prices over the last few days