ASX:TEN

Profit warnings and profit upgrades in 2017

Richard Coppleson

Of the profit warnings this year, 81% of them have been "downgrades". I have found some really interesting observations that I’ll mention through this note that are worth being aware of, before then discussing the main 15 "Positive" Profit Warnings in 2017. Show More

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Sunset Strip > Trading Day Wrap From Blue Ocean 20170627

Mathan Somasundaram

Local market fell on the open before recovering to finish flat. Resources and Financials help to hold the market from profit taking in the big industrial sectors. The best performing sectors were Miners, Banks and Energy while the worst performers were Utilities, Staples and Health Care. On the sector/stock front….(1)... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170601

Mathan Somasundaram

Local market flip-flopped to finish as a positive day despite weaker China data. Tax loss selling in June will add to the seasonal weakness while better than expected retail data was mixed with weaker than expected China data. Market was buying into safety and weak currency stocks today. The best... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170530

Mathan Somasundaram

Local market fell on the open before making a decent recovery on the back of recovering US market futures and better than expected building approval data. US and UK will be back online tonight while China will be back online on tomorrow. Tax loss selling in May/June and seasonal weakness... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170529

Mathan Somasundaram

Local market ran into some pain as market sentiment was low as major markets are closed tonight. US, UK and China were closed. Market Outlook likely to remain volatile in the short term with macro risks while medium to long term view remains positive. Given the recent US retail/housing weaker... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170508

Mathan Somasundaram

Local market popped on the open with better global sentiment post French election before pulling back on the reality of weaker commodities and do-nothing budget. Commodities were stable for a change after a week of bashing…but China hasn’t turned the corner…value has returned to the sector but the momentum remains... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170501

Mathan Somasundaram

Local market made started positive on global investors pushing up the banks before pullback as local investors took profit. After that all the open Asian markets recovered on the US congress deal to fund the US Government till September!!! Utilities, Industrials and Staples were the outperformers while Resources were the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170428

Mathan Somasundaram

Local market made another unconvincing flat day after US market was aimless and commodities stocks were under pressure globally….last day of the month!!! US reporting season remains positive as expected…financials delivering the best outlook…Under Armour had the first negative quarter in its history. IT, Industrials and Health Care lead the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170427

Mathan Somasundaram

Local market made an unconvincing positive day after US market lost steam on the tax reform agenda release. US tax reform agenda was a yawn as expected. It looked like a high school project but with less detail. It was a one pager that stated pre-election slogans with not much... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170317

Mathan Somasundaram

Local market closed slightly positive while sentiment remains weak. Gold outlook continues to improve with rising macro risk and weakening USD. Can the underperforming fund managers miss the third cycle in 12mth? FOMO in gold coming!!! Globally central banks are all talking about better inflation and potential rate rise in... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170313

Mathan Somasundaram

Local market moved down with weaker commodities and weaker yield despite solid non-farm payroll pushing March rate rise to near 100% probability. Gold was a substantial outperformer in a day when most sectors were negative…Property, Energy and Health Care were the worst performers. Volatility index in Australia reached historical lows... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170309

Mathan Somasundaram

Local market gave up some ground in line with weak global sentiment, weak commodity prices, global central bank uncertainties and rising yields. Consumer Discretionary and Financials supported the market while Resources and large caps moving ex div took the market down. Click here for the full report... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170307

Mathan Somasundaram

Local market fell on the open before recovering to finish positive again as US government passed health care changes and RBA confirmed that they are caught between a bubble and reflation. Utilities, Staples, IT and Health Care moved the market higher with support from Financials while Resources were main underperformers... Show More

December 2016: Month ahead in meetings

Avatar fallback

With the main AGM season out of the way for the 30 June FYEs, several key AGMs occur this month including TPG Telecom, ANZ, NAB, Westpac, DuluxGroup, Incitec Pivot, Orica. Outside All the Majors, December features AGMS for Ten Network Holdings, Cudeco, Elders and Emeco Holdings. This month's note also... Show More