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Month: December 2018

This year’s Santa Rally is being replaced by the “Christmas Grinch Stinge” as the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) is covered in another day of red. The ASX 200 index tumbled 1.2% in late morning trade as fears of a global slowdown from trade wars and a disorderly Brexit have essentially dashed any hope for the […]

  • Posted in Technical Views
  • Comments Off on Does a failed Santa Rally mean a bleak 2019 for ASX shares?

Santa is down but not out with ASX stocks defying weak offshore leads to claw back into the black during lunch time trade today. The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index is trading just above breakeven at the time of writing following a 0.3% morning drop with the mining-heavy materials sector doing most of the heavy […]

  • Posted in ASX:ANZ, ASX:BHP, ASX:MIN
  • Comments Off on Midday market movers: BHP’s special dividend delight

A fascinating chart passed across my desk yesterday from Tom McClellan, a US analyst who was made famous by the McClellan Oscillator – a well-known technical indicator that I think was actually created by his parents. Anyway,  I regularly read his insight simply because he has knack of creating “light bulb” moments while I’m looking […]

The Australian Pharmaceutical Industries Ltd (ASX:API) share price surged to a two-week high after the medical and beauty products group revealed it bought a large chunk of its rival’s shares and lobbed a takeover bid. The API share price surged 4.4% to $1.54 during lunch time trade to become the best performing stock on the […]

  • Posted in ASX:API, ASX:SIG, Healthcare
  • Comments Off on The Australian Pharmaceutical Industries Ltd (ASX:API) share price surges on merger news

We’ve covered the woes of AMP a number of times in the MM Income note however questions consistently arise around whether or not it’s a ‘good yield play’ at the moment. It trades on a current P/E of 8.9x (cheap) and according to analyst consensus and while their dividend will be cut,  they’ll still pay […]

  • Posted in ASX:IFL, Financials
  • Comments Off on High Yield = High Risk… IOOF (IFL) a case in point
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