Bulls vs. Bears: Episode 30: Buy the Dip?
This week, mega-cap earnings disappoint as investors ask “where’s the revenue”, US economy starts to show cracks and middle east conflict flares up (again)
Market Calendar 12th August – 16th August 2024
Anticipating next week’s company earnings and economic figures.
Stay informed on the latest financial updates and trends with MPC Markets
Balanced Portfolio Recommendation: ADD 2% Challenger Group (CGF)
ADD to Challenger (CGF) into Earnings on the 13th August
Pre-Market Pulse 9th August – Better than expected Labour data hoses down recession fears
Investors breathed a sigh of relief as better-than-feared labor market data cooled worries that a recession may be on the horizon.
Pre-Market Pulse 8th August – “Buy the dip” sentiment fades fast as risks weigh on markets
Investors enthusiasm to “buy the dip” faded within one session as equites turned lower mid-session in the US on a slump in Super Micro Computer pressured chips stocks, weighing on the broader market.
Balanced Portfolio – SELL 5% Resmed (RMD) Take +10% profit
Balanced Portfolio – SELL 5% Resmed (RMD) Take +10% profit
We recommended buying ResMed Inc. (RMD) due to its potential for strong performance in the upcoming earnings season on the 29th of July
Pre-Market Pulse 7th August – Investors “Buy the Dip” as global markets stabilise
Global equites stabilized overnight as dip buyers piled into beaten down tech stocks following a rout a day earlier, though gains were limited amid lingers concerns about an economic slowdown.
Pre-Market Pulse 6th August – Equities implode as Japan stocks eclipse the ’87 Black Monday crash
In one of the scariest sessions I’ve seen since the GFC, global equities imploded overnight, led by a 13.5% fall in Japan’s Nikkei, the largest fall since the Black Monday crash back in 1987
Balanced Portfolio – Defensively positioned
A minor equities panic has started to spread across global markets in the last few sessions as investors grow increasingly concerned that the US economy will go into recession.
To reassure you, the MPC Markets Balanced Portfolio is defensively positioned and while we are still not immune to the broader market weakness, we have been wary a move like this could happen
Pre-Market Pulse 5th August – Weak jobs number triggers “hard landing” fears
Investors abandoned growth stocks as a much weaker-than-expected jobs report triggered fears the US economy could be heading for recession and sparked a sharp jump in volatility.
Pre-Market Pulse 2nd August – Weak economic data rattles equities
Weaker economic data rattled investors overnight as jobless claims rose and US manufacturing data notched its 16th straight contraction, the longest streak in a quarter of a century
Market Calendar 5th August – 9th August 2024
Anticipating next week’s company earnings and economic figures.
Stay informed on the latest financial updates and trends with MPC Markets