Closing Bell 17th July: Gold Prices Hit New Peak, Boosting ASX Gold Miners Amid Record Sharemarket Rally
A surge in interest rate-sensitive technology and real estate stocks propelled the Australian sharemarket to a new intraday record on Wednesday.
July 17, 2024
Balanced Portfolio Update: BHP Quarterly
Overall, BHP has shown strong operational performance with record production in several key commodities and has met or exceeded its production and cost guidance for FY24. The company is actively progressing its growth and decarbonisation strategies, despite challenges in the nickel market.
Balanced Portfolio Recommendation: Switch 2% Stanmore Resources (SMR) to New Hope Corporation (NHC)
NHC is currently trading at a discount relative to its intrinsic value and peers, presenting an attractive entry point based on key valuation metrics.
Balanced Portfolio Recommendation: Take Profit 4% Elders Limited (ELD)
We are taking profit on Elders Limited (ELD) by selling our entire 4% allocation. Purchased at $7.60 and now selling at around $9.15, we realize a 20.3% capital gain. Additionally, we received a $0.18 dividend per share, which provides a 2.36% yield. In total, this equates to a 22.66% profit on our investment.
Pre-Market Pulse 17th July – DOW hits new record as Bank and Healthcare earnings impress market
The Dow had its best day in more than a year Tuesday, closing at fresh record highs, underpinned by better-than-expected retail sales data and a slew of mostly upbeat quarterly earnings from corporates