market matters

Nicholas Forsyth

The American FANG stocks (Facebook, Amazon, Netflix and Google) have become household names and rewarded investors very nicely over recent years. However from late 2014, US stocks have consolidated their excellent gain since the GFC, the S&P500 is currently only 1.7% below its all-time high and the tech based NASDAQ... Show More

Nicholas Forsyth

As you all know, we remain bullish US equities, targeting fresh all-time highs with a likely 5-10% further upside. If this view (illustrated below)is correct, there remains some opportunities for buyers with good stock selection and entry levels. The US Memorial Day weekend is basically upon us and not surprisingly,... Show More

Nicholas Forsyth

It has been confirmed to me on an almost daily basis that investors are far more comfortable buying a stock that has fallen 10-20%, rather than one making new all-time highs. Unfortunately, human psychology is often an enemy for investors who struggle at rule 1 of investing/trading: •Run your profits and... Show More

Nicholas Forsyth

The US unemployment data released on Friday was extremely positive, increasing the likelihood of an interest rate rise in the US. Higher rates, with no obvious inflation is very bearish for gold, which pays its holders nothing. Fundamentally, I find it impossible to be optimistic gold at present. No market pundits... Show More

Nicholas Forsyth

Yesterday, MQG completed a $500m capital raising at $73.50 (a 2c discount to the previous day's close). Compare this to the discounts investors demanded when optimism was a distant memory: CBA 2008-raised $1.65bn @ $26, a 12% discount. MQG 2009-raised $540m @ $27, a 22% discount. WPL 2009-raised $2.5bn @ $42,10 a 9.4%... Show More

Nicholas Forsyth

The market is taking a breather at present and I believe the pause will last around 2-weeks, before the press again gets excited about a potential rate cut in April. As readers know, I am looking to move away from a yield dominated portfolio over coming weeks/months, to a growth... Show More

Nicholas Forsyth

• The ASX 200 touched another high since May 2008 this morning before selling off and ending 12 points lower at 5,904. • The Earnings season continue to dominate the market recently with the following today: -Wesfarmers (WES) down 1.6% at $45.18 after slightly missing consensus earnings and reporting a $0.89 fully... Show More