3 stocks MM is considering selling.

The ASX200 continued to make fresh 11-month highs yesterday with again only 60% of the index posting gains but with the exception of CSL Ltd (CSL) the winners were focused were it mattered from a points perspective propelling the market over 50-points higher e.g. The “Big 4” Banks, Wesfarmers (WES), BHP and RIO all rallied well over 1%. Global equities are clearly embracing the combination of ongoing huge fiscal / monetary stimulus plus the hope that Joe Biden will deliver stability around global trade.
However it wasn’t all roses under the hood as Cleanaway Waste (CWY) fell over 8% following the retirement of its Chief Executive Vik Bansal after 5-years’ in the seat – the bullying incident and associated uprising a few months ago clearly the catalyst for his departure. While we’ve had Cleanaway on our hitlist for a while, the pullback hasn’t convinced MM that its time to buy back into the business. We are keener on a few stocks that already appear to have found a decent swing low such as Aristocrat Leisure (ALL) which we touched on yesterday – watch for alerts today.

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Latest Reports

Afternoon report 03/06/2025 17:01

The Match Out: Financials & Gold drive ASX to new 3-month highs

A solid day for the ASX hitting new 3-month highs buoyed by strength across the financial sector with an average gain across the big 4 banks of 1%, while gold stocks rallied as bullion tested ~$US3400/oz overnight

Morning report 03/06/2025 09:30

What Matters Today: As Gold Shines and Copper Climbs, is it time to revisit Lithium?

The ASX200 started June on the back foot, slipping 0.2%. Overall, this was not a bad performance, considering that further geopolitical uncertainty rattled global markets after a few quiet weeks; the S&P 500 futures were down ~0.5% during our trading session.

Afternoon report 02/06/2025 17:13

The Match Out: Commodities weigh on ASX as Trump restarts the tariff engine

Someone seems to have told Trump about the TACO term (Trump Always Chickens Out) which has gotten him firing again with higher tariffs on Steel imports and accusations that China is not holding up its end of the bargain, reducing tariffs while negotiations take place.

Morning report 02/06/2025 09:24

Macro Monday: Can the ASX make new highs into the EOFY?

Yet again, the “sell in May & go away” catchphrase played out as the myth that the statistics foretold. Although the stellar 3.8% gain was the second-best of the last decade. The most critical point when it comes to considering the seasonality of the ASX200 is to “Keep it Simple, Stupid” (KISS) with our favourite three factors looking forward towards Christmas.

Weekend report 31/05/2025 09:13

Weekend Q&A: As we approach the EOFY, the ASX200 is flirting with its all-time high

The ASX 200 rallied on the final trading day of May, closing up +0.3% for the session, leaving the index just ~2% below its all-time high. Overall, an excellent performance by the Australian bourse, advancing +3.8% for the month, shrugging off the ongoing uncertainty around tariffs and rising long-dated bond yields. However, a more dovish than expected RBA, a strong banking sector, suspicions of overseas buying, and a market caught underweight stocks after their dramatic “V-shaped” recovery from Trump's “Liberation Day” was enough to drive the local market back towards the 8600 area. With pullbacks well supported in one of the most hated bullish advances that we can recall, it makes for a compelling argument that new highs are just around the corner.

Afternoon report 30/05/2025 16:47

The Match Out: Sell in May (& go away) not the go this year, ASX gains 3.8%!

The final trading day of the month carried the ASX to a 3.8% gain over the period and now within ~200pts of all-time highs with investors brushing off tariff risk and shifting focus back to fundamentals.

Morning report 30/05/2025 10:18

What Matters Today: ETF Friday focuses on Fixed Income ETFs

The ASX 200 closed marginally higher on Thursday, and as we enter the last trading day of May, the index is up +3.5% with only the utilities sector dragging the chain. Although it's been a stellar month, yesterday's performance was a touch disappointing considering the global tailwinds.

Afternoon report 29/05/2025 17:16

The Match Out: ASX creeps higher as U.S trade court trumps tariffs… for now

The local market edged higher today after opening mildly weaker, lifted by strength in energy and tech stocks. A strong result from Nvidia pre-market sparked bullish sentiment toward AI enabling a +1.9% jump in NASDAQ futures, while the U.S Court of International Trade ruled against the Trump-imposed tariffs, fuelling ~30pt lift on the ASX mid-morning.

Afternoon report 29/05/2025 10:46

The Match Out: ASX cools, Goodman reconfirms guidance, MinRes cuts production

The market opened on the firm side, pushing to a new high in this recent recovery, before sellers took control post a very mildly hotter monthly inflation read. It actually felt more like index selling that dominated today, shown through both the financials and materials being the weakest links, with selling persisting throughout the afternoon.

Morning report 29/05/2025 09:39

What Matters Today: The Energy Sector is warming up nicely

The ASX 200 failed to build on a strong session on Wall Street, finishing down 0.1% on Wednesday, with weakness in the banks more than offsetting broader buying, as over 55% of the main board closed higher.