Author: Harry Watt
Stock James Hardie (ASX: JHX) $15.80 as at 5/02/2019 Event James Hardie’s 3rd quarter result was closely watched this morning following the downgrade by peer Boral (ASX: BLD) yesterday. So far the market has liked the release, with the share price for James Hardie trading up +4.5%, but going as high as 6.5%, to trade […]
The market has bounced back from a slow start today, after any early slump the ASX/S&P 200 (ASX: XJO) traded briefly below the 5850 level before bouncing strongly to the current 5892 level, around 0.5% above Fridays close. The banks have lead the rebound with Westpac (ASX: WBC) the best performer, adding 1.83% to $25.08 […]
Stock Boral (ASX: BLD) $4.60 as at 4/02/2019 Event The fall from grace of building materials company Boral continued today as the stock slides over 6% early in the session. The further weakness in the share price comes as Boral updated the market on their expectations for FY19. Despite record levels of infrastructure spend locally […]
Stock Reliance Worldwide (ASX: RWC) $4.65 as at 1/02/2019 Event Plumbing product manufacturer Reliance slumped today, giving back some of the strong rally it experienced this week. Reliance had been bid up in anticipation of the material upgrade coming, driven by the big freeze that has encompassed the US. The company however reaffirmed full year […]
Santos (ASX: STO) $6.29 Santos has been a tale of woe over the last 5-years but the stock’s regained at least some “mojo” since 2017. The 22% bounce by STO over the last 5/6 weeks shows it’s an ideal vehicle to invest in for our anticipated choppy recovery in oil up towards $US60/barrel. MM likes […]
Stock Fortescue Metals (ASX: FMG) $5.56 as at 31/01/2019 Event As if there wasn’t enough news flow in the iron ore space to keep investors occupied, Fortescue has today released its quarterly production report for their 2nd quarter. The report was solid, and the stock has jumped today – partial credit for the move does […]
Stock Zip Co (ASX: Z1P) $1.15 as at 30/01/2019 Event Zip has followed Afterpay’s (ASX: APT) efforts with new records of their own at the 2nd quarter update released today. The alternative credit provider noted that platform had surpassed 1mil users in the period, while also posting record revenue at $19.2m, up 28% on the […]
Stock G.U.D. Holdings (ASX: GUD) $10.54 as at 29/01/2019 Event The GUD share price has tumbled today on a soft first half result which saw modest profit growth on figures reported 12 months ago. The group, which generates most of its profits through automotive part sales, printed profit of $29.3m for the 6 months to […]
Stock Credit Corp (ASX: CCP) $22.91 as at 29/01/2019 Event Debt collector Credit Corp has performed well today following the release of their first half numbers this morning. The company printed a profit number of $33.6m, which was in line with expectations, but surprised the market with an upgrade to full year guidance. The company […]
Stock Rio Tinto (ASX: RIO) $83.15 as at 29/01/2019 Fortescue Metals (ASX: FMG) $5.05 as at 29/01/2019 BHP Group (ASX: BHP) $33.64 as at 29/01/2019 Event Iron Ore names have bolted out of the gates today, trading strongly higher as they track the recent iron ore prices gains. The commodity rallied over the weekend following […]
