closing bell
Closing Bell 29th January: XJO rises. Oil prices jump on Red Sea attacks
XJO rises. Oil prices jump on Red Sea attacks. Energy stocks rally. GOR falls 16% on lower production.
Jonathan Tacadena
January 29, 2024
January 29, 2024
Alpha Recommendation
Alpha Recommendation: Buy Stanmore Resources (SMR)
Stanmore Resources (SMR) owns and operates the Isaac Plains Complex in Queensland’s prime Bowen Basin region which includes the Isaac Plains Mine and processing facilities, the adjoining Isaac Plains East (operational), Isaac Downs Project (under development) and the Isaac Plains Underground Project.
Jonathan Tacadena
January 29, 2024
Balanced Portfolio
Balanced Portfolio Recommendation: Buy Stanmore Resources (SMR)
Stanmore Resources (SMR) owns and operates the Isaac Plains Complex in Queensland’s prime Bowen Basin region which includes the Isaac Plains Mine and processing facilities, the adjoining Isaac Plains East (operational), Isaac Downs Project (under development) and the Isaac Plains Underground Project.
Jonathan Tacadena
January 29, 2024
CUV
Balanced Portfolio Recommendation: Switch 2% ResMed (RMD) to Clinuvel Pharmaceuticals Ltd (CUV)
With the recent run in RMD we are looking to bank some profits here at $29 (+20%) while we see further upside in the stock, the risk that further developments in the GLP-1 space could derail this recent run. Particularly a study due from Eli Lily a maker of Zepbound in the next month.
We still prefer exposure in the healthcare space and are recommending a switch of our RMD allocation to Clinuvel (CUV) a skin disease treatment for sufferers of EPP. They are also in Phase 2 of a stroke treatment drug which is looking promising
Kai Chen
January 29, 2024
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