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Author: Harry Watt

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

We might finally be seeing some tentative signs of the elusive Santa Rally with the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index rebounding from early losses to trade up 0.3% at the time of writing. The market is being driven by headlines and not fundamentals as some of the most beaten down ASX shares are among the […]

  • Posted in Technical Views
  • Comments Off on Midday Market Movers: Dogs of the ASX rebound on global optimism

Stock TPG Telecom (ASX: TPM) $6.54 as at 13/12/2018 Hutchinson Australia (ASX: HTA) $0.10 as at 13/12/2018 Telstra (ASX: TLS) $2.93 as at 13/12/2018 Event The telcos are struggling today after the Australian Competition and Consumer Commission (ACCC) put the TPG (ASX: TPM) – Vodafone Australia (50% owned by Hutchinson Telecommunications (ASX: HTA)) merger deal […]

Stock Sonic Healthcare (ASX: SHL) $21.39 as at 12/12/2018 Event The largest ASX-listed diagnostic imaging facilities group (Sonic Healthcare (ASX: SHL)) is about to get bigger after it went into a trading halt to announce a US$540 million ($750 million) acquisition and a large capital raising this morning. Sonic Healthcare Limited (ASX:SHL) struck a deal […]

  • Posted in ASX:SHL, Healthcare
  • Comments Off on What you need to know about Sonic Healthcare Limited (ASX: SHL) acquisition and cap raise
Evolution mining weekly chart

Stock QBE Insurance Group (ASX: QBE) $9.94 as at 11/12/2018 Event The QBE Insurance Group Ltd (ASX:QBE) share price has slumped to a five-month low after the insurer issued an updated that the market has taken as a convoluted profit warning. The QBE share price tumbled 4.2% to $9.93 in morning trade – making the […]

It’s another ugly day for the ASX as trade tensions are driving investors away from risk assets with every sector on the market losing ground. The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index crashed in late morning trade as the tentative trade war truce between the US and China looks to be on shaky ground following the […]

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