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Author: Harry Watt

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 […]

As you know. MM is short-term bullish the ASX200 while being overall concerned around what comes next in 2019 /2020. When we stand back and look at the ASX200 Accumulation Index (including dividends) the current pullback remains relatively small compared to what’s been experienced over the last decade, in other words investors should not be […]

Stock IOOF (ASX: IFL) $4.54 as at 07/12/2018 Event Wealth manager IOOF is the worst performing stock in the ASX200 today, falling 36% after the company announced APRA had begun proceedings against a number of the company’s executive team. IOOF has come under fire throughout the Royal Commission into financial services firms and a number […]

  • Posted in ASX:IFL, Financials
  • Comments Off on IOOF (ASX: IFL) investors spooked as APRA moves in
Megaport weekly chart

Stock Asaleo Care (ASX: AHY) $0.90 as at 06/12/2018 Event The personal care business Asaleo Care (ASX: AHY) has rallied over 40% today on news that they will be selling their Australian tissue business. The business, which includes Sorbent, and Handee paper towels will be sold to Solaris Paper for a handy (pardon the pun) $180m, […]

The big ASX market bounce seems to be petering out as questions emerge over the temporary truce in the trade war between the US and China. The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index gave back some of yesterday’s stellar gains and fell 0.3% in late morning trade as most sectors slipped lower. The Metcash Limited (ASX: […]

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