ASX 200 Discussion

[finicky]

No: WOW and DMP
He's not calling them buys yet - on watch

 

[finicky]

Today

Lithium stocks were rocked. Don't know how anyone can stand this sector.
Market Matters:
"News that China’s CATL will restart its Yichun lithium Lithium mine earlier than expected sparked a brutal selloff in the sector.
Pilbara Minerals (PLS) -17.29%, Liontown (LTR) -18.42%, IGO (IGO) -13.99%, and Mineral Resources (MIN) -6.34% were all hit hard as supply fears resurfaced."

Gold stocks did poorly today but FWIW, Bell Potter raised its call on 3 goldies:
Market Matters:
"Spot gold hit to a fresh record above US$3670/oz before easing back to ~US$3635, yet the miners ignored the move higher. Bellevue Gold (BGL) -3.8%, Perseus (PRU) -0.95%, Northern Star (NST) -0.3% as profit-taking took hold. Evolution (EVN) +0.11% bucked the trend on a broker upgrade."

• Evolution Raised to Buy at Bell Potter; PT A$10.55
• Pantoro Gold Ltd Cut to Sell at Bell Potter; PT A$4.40
• Regis Resources Raised to Buy at Bell Potter; PT A$6.30
• Capricorn Metals Raised to Buy at Bell Potter; PT A$13.10

 

[finicky]

Today

It's goldies again. Didn't think to check on RSG today, lost any interest long ago. This year's chart going well but historically it's a dog.
Boss Energy justifiably smashed again - crap management.

Local gold stocks rallied hard: Evolution (EVN) +6.24%, Resolute (RSG) +8.23%, Regis (RRL) +6.24%, Ramelius (RMS) +3.53%, Newmont (NEM) +1.31%, Northern Star (NST) +3.52%

Service Stream (SSM) +16% – secured a $1.6b Defence contract for land management services across SA and NT. Not in the ASX 200, in the ASX 300.

 

[divs4ever]

Lithium stocks were rocked. Don't know how anyone can stand this sector.

my lithium exposure came from companies i already held ( WES and MIN ) buying into lithium projects ( after i bought them )

so while lithium exposure has been a current boat anchor , i am still well in front on both stocks ( at my buy-in price )

although the gold sector was nice to me today , it was REIT exposure that pushed me nicely into the green

 

[finicky]

@divs4ever MIN and obviously WES have other things going on than lithium as you know. I've never been attracted by the lithium 'story' or the pure Li explorers/developers/producers but that's been pretty subjective. MIN is 'Market Matters' preferred Li play as they aver that you're getting the Lithium business segment in that company cheaply. I used to consider a buy of MIN before it crashed, luckily I dithered.

 

[divs4ever]

i did buy MIN but back when it was an iron ore and mining services play and realistically priced ( around $13.90 )


but never got excited about lithium , graphite or REE any exposure to them was coincidental ( ILU and DRR for the REE )

iron and coal at good metrics gets me very excited , copper makes me cautious , can't find an acceptable silver exposure ( as a dominant product ) and gold ( when the didn't fold/sell ) has been a case of buying early ( 2011 , 2012. 2013 , foe most of them )

 

[finicky]

Today
it was the goldies again and Regis Resources (RRL) was also top asx 200 stock of the week

• Gold miners shone as bullion remained elevated, with Regis Resources (RRL) +6.42%, Bellevue Gold (BGL) +7.18% and Capricorn Metals (CMM) +3.88%.

"Woodside (WDS) -3.39% and Karoon (KAR) -2.74% fell as crude prices slipped, leaving the energy sector under pressure. "


THE WEEK

 

[Garpal Gumnut]

I came across this article in the Sunday Mail. Concise and authoritative. Is ASX Trader one of our mob. ?



gg

 

[Rosscoe62]

Very interesting that real estate and utilities are considered bullish.

I remain bullish with the REITs.

Utilities are closing in on 10000 and definitely finding strength ->

Utilities (ASX Sector) LIVE DATA - Market Index

Australia's S&P/ASX 200 Utilities (ASX Sector) with LIVE DATA and charts. GICS Sector overview, historical performance and daily movement table.

www.marketindex.com.au

I’m liking APA in the established group - ASX 100

Trending very nicely … ready to break into the $9 zone with momentum shortly.

Held

 

[Garpal Gumnut]

Very interesting that real estate and utilities are considered bullish.

I remain bullish with the REITs.

Utilities are closing in on 10000 and definitely finding strength ->

Utilities (ASX Sector) LIVE DATA - Market Index

Australia's S&P/ASX 200 Utilities (ASX Sector) with LIVE DATA and charts. GICS Sector overview, historical performance and daily movement table.

www.marketindex.com.au

I’m liking APA in the established group - ASX 100

Trending very nicely … ready to break into the $9 zone with momentum shortly.

Held

View attachment 208449

A nice chart. That last candle worries me a bit. Certainly if confirmation occurs next week for a continuation of the bull run I would be interested.

gg

 

[finicky]

Is ASX Trader one of our mob. ?

Absolutely not. Where is even a mention of XGD (gold stocks) even if its only a subsector. Reads like an Alan Kohler article, i.e lame.

 

[finicky]

Today

A fightback from the Lithium stocks.
Gold in the losers column.

From Market Matters:
"Gold miners slumped as bullion eased from record highs – Evolution (EVN) -5.25%, Regis (RRL) -4.14%, Newmont (NEM) -1.84% and Capricorn Metals (CMM) -4.30%."

 

[finicky]

Today

Market Matters:
Biggest Winners:
Deep Yellow (DYL) +9.19% and Boss Energy (BOE) +7.05% surged on uranium stockpiling reports.

Biggest Loser:
Super Retail (SUL) -4.29% fell after the sudden dismissal of CEO Anthony Heraghty after failing to fully disclose a personal relationship within the business.

 

[finicky]

Today

Market Matters:
" ..selling quickly set in as traders sat on their hands amid a general risk off feel ahead of the Fed’s rate call tonight."

Maybe there was a rotation out of NHC into WHC today?. Never seen a coal stock topping the winners group while its rival is at the bottom of the losers.
"New Hope Cut to Underperform at Macquarie; PT A$3.80"

From Market Matters:
"Woodside (WDS) +1.32% managed a decent gain while Beach Energy (BPT) +2.09% and Karoon (KAR) +2.72% outperformed on stronger oil prices."

 

[divs4ever]

Maybe there was a rotation out of NHC into WHC today?. Never seen a coal stock topping the winners group while its rival is at the bottom of the losers.

YAL ( i hold ) up as well , but not as much as WHC

an interesting comparison between the current NHC and WHC , ( i hold all three coal stocks )

WHC has a 'transformational opportunity ' maybe even a nice tailwind if BHP continues to pause/mothball more coal operations in QLD ( should reduce any skill shortages )

NHC has a more diverse revenue stream ( and SOL backing through it's large holding , almost 40% )

if NHC continues to slide would NHC continue/restart their share buy-back goodness knows how much of the $100 million has been deployed in the buy-back so far

 

[finicky]

Looks like energy was the story of the day?
CSL declined below 'psychological support' of $200, ending the day on its low with heightened volume.

Market Matters:

• Santos (STO) -11.9% after the Abu Dhabi takeover bid collapsed, prompting Jarden to downgrade the stock to underweight. The fallout spread across the sector with Woodside (WDS) -6.26%, Beach Energy (BPT) -4.51% and Karoon (KAR) -3.53% adding to the pain, Brent crude slipped below US$68 and WTI was trading near US$64 as traders unwound positions following the Fed’s mildly more hawkish cut.

 

[mullokintyre]

I made a post in NYSE Overnight thread about retail buying in the US stock market.
It seems that a similar trend has been developing in OZ.
Are the big boys also screwing OZ retail investors?
From University of Melbourne