Author: Harry Watt
With regards to the ASX200 we often say ”the market cannot go up without the banks” well in the US the same is probably true for the FANG stocks, at MM we add influential Apple (AAPL) to the normal 4 stock group to become Facebook (FB), Apple (AAPL) / Amazon (AMZN), Netflix (NFLX) and Google (GOOGL). The […]
Three stocks we like into weakness 1 Whitehaven Coal (ASX: WHC) $4.56 Coal miner WHC is in the materials sector that we like moving into 2019 assuming the $US falls plus the stock is yielding almost 6% not including the special dividend that the company returned to shareholders in August. Technically MM likes WHC around […]
Stock Noni B (ASX: NBL) $2.98 as at 22/11/2018 Event Women’s fashion retailer Noni B has jumped today 16% whilst the company’s AGM is being held. The company, which also owns Rockmans, w Lane and a number of other names, gave a reasonable update to the year’s trading thus far. While not expecting much in […]
Stock CYBG Plc (ASX: CYB) $3.59 as at 21/11/2018 Event The spin-off from NAB’s UK arm CYBG (ASX: CYB) has plummeted today following a disappointing result overnight. The stock slumped in UK trade, and the local ticker has tracked it lower today, falling by around 20%. So what was so bad? The stock had already […]
Stock Trade Me (ASX: TME) $4.75 as at 20/11/2018 The Reject Shop (ASX: TRS) $2.43 as at 20/11/2018 Event Two stocks that are set to outperform in today’s sell off are The Reject Shop (ASX: TRS) & Trade Me (ASX: TME) – both receiving takeover offers this morning. The Reject Shop (ASX: TRS) has been […]
Stock Fletcher Building (ASX: FBU) $4.73 as at 20/11/2018 Event The building materials manufacturer (ASX: FBU) is the worst performing company on the index in this morning’s trade. The company released disappointing FY19 guidance before the market opened, continuing the recent weak commentary coming from a number of construction leveraged names. Guidance for full year […]
Stock Viva Energy (ASX: VEA) $1.76 as at 19/11/2018 Event The biggest IPO of 2018 so far (although no contenders have presented themselves with just 6 weeks left) has fallen today after announcing they expect to miss prospectus estimates for the full year. Viva Energy (ASX: VEA), which operates over 1,000 Shell petrol stations along […]
Stock Medibank Private (ASX: MPL) $2.61 as at 19/11/2018 Event Medibank Private (ASX: MPL) stopped trading for a short period this morning to announce to the market that they had lost a key Government contract. The company had been informed that the Department of Defence would not be renewing Medibank as the healthcare provider for […]
Stock Myer Holdings (ASX: MYR) $0.42 as at 19/11/2018 Event The Myer Holdings Ltd (ASX: MYR) share price is taking a hit this morning as shares in the embattled department store resumed trading after its trading halt on Friday. The stock tumbled over 11% to a five-month low of 40 cents when management was forced […]
Stock Macquarie Group (ASX: MQG) $121.64 as at 16/11/2018 Santos (ASX: STO) $6.23 as at 16/11/2018 Event The bank is outperforming today following an upgrade to FY19 earning’s guidance out this morning The upgrade relates to the sale of Australian oil & gas company Quadrant Energy to Santos, which Macquarie holds a significant stake in. […]
