The Australian sharemarket saw a solid rise, with the S&P/ASX 200 Index gaining 0.6% (43.1 points) to reach 7869.9, driven by strong performances in industrial and healthcare stocks.
ResMed Inc.(RMD) pioneer innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. Our digital health technologies and cloud-connected medical devices transform care for people with sleep apnea, COPD, and other chronic diseases. and lower costs for consumers and healthcare systems in more than 140 countries.
This week, mega-cap earnings disappoint as investors ask “where’s the revenue”, US economy starts to show cracks and middle east conflict flares up (again)
We advise selling 4% of our portfolio allocation in Woolworths Group Ltd (WOW). The stock has provided an 11% profit, rising from our entry at $30.8 to an exit at $34.2. Given the recent challenges faced by the company, including operational issues and potential management changes, there is uncertainty surrounding the upcoming earnings release. These factors could lead to a revaluation of the stock, making it a prudent time to lock in profits and reduce exposure.
Poor economic data out of the US has started to pile up along with soured sentiment on the Mega-Cap stocks and the AI thematic. We are recommending a 5% allocation to a portfolio protection tool or “short hedge” to buffer the damage from any downside move
The Australian sharemarket experienced broad gains, driven by a positive rebound on Wall Street following inflation data, suggesting the US Federal Reserve may lower interest rates. The S&P/ASX 200 Index rose by 0.8%
This week, Wall Street experienced a sustained decline in tech stocks, marking a tumultuous period for the sector globally.
Northern Star Resources, one of the largest gold producers, operates major mines in Australia and Alaska. Despite its solid operations and strong cash generation, NSR is currently undervalued compared to its peers. This undervaluation, coupled with its ongoing growth plans, makes it an attractive investment.
The Australian share market remained flat at midday, with the S&P/ASX 200 Index steady at 7969.8, following a weak lead from Wall Street.
A heavy rotation out of the Magnificent 7 and tech stocks into small caps was pronounced this week
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