ASX:SGM

SIMS METAL MANAGEMENT LIMITED

Daily Report
James Gerrish

The market ebbed and flowed around 6220 handle on the ASX 200 today – the positive influence from the material stocks offset by some selling amongst the banks – CBA the weakest link after cutting rates on their fixed mortgages, the stock down -0.59% at $70.25 although it traded back... Show More

Daily Report
James Gerrish

US Futures + Asian markets were all lower on the session today, however Australian stocks rallied – the ASX 200 up by 40pts – closing on its highs - thanks largely to strength in the Iron Ore price - Iron Ore Futures up strongly on the session which propelled Fortescue... Show More

James Gerrish

The market took its bullish que from the US overnight with stocks having a belated response to the Feds dovish commentary on Thursday – the Dow put on +216 points feeding into a bullish open in Australia and the market went on with – up until lunchtime at least. On... Show More

James Gerrish

The market rallied today, following on from yesterday’s 20 point grind higher to add another ~40 points today. Buying was seen across the board with banks, resources, tech & even the retail names getting in on the act. Franking credit talk helped those with large balances, commodity prices pushed higher... Show More

James Gerrish

Some selling crept into the market today from early morning highs, particularly in the stocks that have led the recent advance from the December lows. Afterpay (ASX:APT) for instance rallied hard early before sellers locked in gains – the stock hitting a $16.97 high before closing at $15.25, a big... Show More

Patrick Poke

Phil King thinks Zip is the best way to buy now, pay later; Telstra faces industrial action as it won't (can't?) give payrises that match inflation; growing concerns over China's "great wall of debt"; and the Royal Commission into aged care operators gets underway. Here's what's happening in markets today.... Show More

Collections

Expectations are critical in investing, and at no time is their importance higher than during reporting season. Even a strong result can see a stock price tumble if it fails to meet the market’s expectations. Likewise, an outwardly poor result can result in a rally if it exceeds expectations. With... Show More