Balanced Portfolio Recommendations: ADD Elders (ELD)
We recommend to add into the weakness due to improving agricultural conditions
Market Calendar 8th April – 12th April 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 8th April – Equities Rally despite strong payrolls pushing back cuts
Equities rallied Friday night despite very strong US employment numbers put any form of rate cuts this year into question.
Balanced Portfolio Recommendations: SELL Take Profit – Treasury Wine Estate (TWE)
Treasury Wine Estates will lift prices of its top-tier Penfolds products as export demand rises and as Beijing lifts restrictions on wine from Australia.
Pre-Market Pulse 5th April – Rising geopolitical tensions rattle stock market bulls
Investors remained deluded that rate cuts hopes and a strong economic numbers can co-exist as equities had a relief rally due to Fed chair Powell saying rate cuts remain on the table for this year.
Balanced Portfolio Recommendation: Sell 1.5% Duxton Water (D2O)
With Large amounts of rain predicted in Central NSW over the coming week, the urgency to exit Duxton has increased.
This coupled with the emergence of La Niña will bring wetter conditions to country Australia
Balanced Portfolio Recommendation: Buy 3% Newmont Corp
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world’s largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
The Newmont Corporation bought ASX listed Newcrest mining back in November 2023
Newmont has approximately 31,600 employees and contractors worldwide, and is the only gold company in the Standard & Poor’s 500 stock market index.
Pre-Market Pulse 4th April – Gold and Silver rally as Powell says rate cuts “still a chance”
Investors remained deluded that rate cuts hopes and a strong economic numbers can co-exist as equities had a relief rally due to Fed chair Powell saying rate cuts remain on the table for this year.
Pre-Market Pulse 3rd April – Poor start to the quarter as Fed reiterates the “higher for longer” message
Equities had a broad-based sell-off overnight extending the poor start to the second-quarter, pressured by health care stocks and another big jump in Treasury yields amid remarks from several Federal Reserve officials reiterating the need to keep rates higher for longer.
Market Calendar 1st April – 5th April 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 2nd April –Rate cut hopes continue to fade as Inflation & Manufacturing data edge higher
Equities ground higher before the long weekend as PCE data came in higher than expected, Powell said the inflation number was “as expected” and Chinese Manufacturing data expanded for the first time in 6 months
Bulls vs. Bears: Bulls take a rest for the long weekend
Investors shrugged off high inflation data, fueling a tech stock rally. Federal Reserve Chair Jerome Powell maintained a consistent stance on inflation, with plans for three rate cuts in 2024 and a cautious approach to balance sheet reduction.