Viewpoint: Bullish
US big tech dragged US equities higher overnight with the NASDAQ registering fresh all-time highs while the broad based S&P500 continues to edge closer to its equivalent milestone. It was a volatile session as short-term traders try and 2nd guess what Fridays option expiry will deliver, at the moment investors are clearly optimistic as they vote that strong consumer…
MM believes IGO will acquire fellow nickel producer Western Areas (WSA) in 2022, the only question appears to be at what price / terms. We have a willing buyer and seller and as IGO continues to evolve as a prominent Australian clean energy business an extension to its nickel division feels attractive assuming they don’t overpay, something that feels less…
EVN surged 9.7% yesterday following its earnings accretive deal to acquire copper-gold mine Ernest Henry for $1bn from Glencore (GLEN LN). The deal will significantly push up EVN’s copper production for at least 10-years while positioning the stock as an excellent low cost gold producer moving forward. MM is bullish the Gold Sector and when we combine…
The ASX200 managed to bounce yesterday even after a negative lead from Wall Street and ongoing weakness from the local Banking Sector with CBA already 11.5% below last weeks high, another 5% and it will become interesting to MM. There were no particular standouts on the sector front and only 3 stocks moved by over 5%, the market still remains…
Bayerische Motoren Werke AG is a Germany-based automobile and motorcycle manufacturer. The Company divides its activities into four segments: Automotive, Motorcycles, Financial Services and Other Entities. The Automotive segment develops, manufactures, assembles and sells cars and off-road vehicles under the brands BMW, MINI and Rolls-Royce, as well as spare parts and accessories. The Motorcycles segment develops, manufactures, assembles and sells motorcycles, as well as spare parts and accessories. The Financial Services segment focuses on car leasing, multi-brand financing, fleet business, retail customer and dealer financing, customer deposit business and insurance activities. The Other Entities segment comprises other operating companies, such as BMW (UK) Investments Ltd, Bavaria Lloyd Reisebuero GmbH.
Ford Motor Company is an automobile company. The Company designs, manufactures, markets, and services a full line of electrified passenger and commercial vehicles, such as Ford trucks, utility vehicles, vans, and cars, and Lincoln luxury vehicles. The Company’s segments include Automotive, Mobility and Ford Credit. The Automotive segment is engaged in developing, manufacturing, distributing, and servicing the vehicles, parts and accessories of Ford and Lincoln vehicles. The Mobility segment primarily includes the development of Ford’s autonomous vehicles and related businesses, Ford’s equity ownership in Argo AI (a developer of autonomous driving systems), and other mobility businesses and investments. The Ford Credit segment is comprised of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Ford Credit offers a range of automotive financing products to and through automotive dealers throughout the world.
EVN +9.73%: rallied strongly today after announcing the purchase of its JV partners (Glencore) stake in a copper /gold mine in QLD for $1bn. The addition of 100% of Ernest Henry from 1 January 2022 increases FY22 copper production guidance for Ernest Henry from 17 – 19kt to 34 – 38kt, while there is no change to gold production guidance…
ALU +2.98%: held its AGM today and provided a positive trading update that suggests FY22 upgrades within their previously stated guidance range are on the cards in February. Management commentary highlighted a strong first four months of FY22 across the entire Altium group as momentum returns to the business – it was actually one of the…
We are buying Appen (APX) as the stocks begins to recover after a tough year.
Car dealership business APE has struggled to meet strong demand due to dire supply issues from a number of car makers – computer chips are an integral issue here. We like this business and its quality is reflected by how well its performed during the recent tough conditions. We can see fresh highs for APE into 2022 but the demand side of the curve…
