closing bell
Closing Bell 21st December: Santa rally takes a break
XJO falls slightly as Santa rally takes a break. USA markets break winning streak after a late sell off
Jonathan Tacadena
December 21, 2023
December 21, 2023
Banking Sector
Alpha Portfolio Recommendation: TRIM (Take Profit) – Judo Capital Holdings (JDO)
A quick 10% rally in just 6 session may see JDO run out of steam around $1
There are no imminent company announcements to trigger a catalyst for a significant jump from here.
We think it is prudent to bank a 10-15% profit on half and either re-enter under 90c or continue running the 10% trailing stop
Mark Gardner
December 21, 2023
STO
Balanced Portfolio Recommendation: Switch STO to YAL
Despite the geopolitical pressure, the Timor approval and WDS merger talk, STO has struggled to fund a bid. Conversely, the recent coal import numbers from China showed a 35% increase in coal imports
Mark Gardner
December 21, 2023
Fed
Pre-Market Pulse 21st December – Stocks lower on “Santa rally” profit taking
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
Mark Gardner
December 21, 2023
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