Good Morning, Trust that you had a nice weekend and are getting set for another extremely busy week... Last week was one of the strongest weeks for the ASX...

Niv Dagan

Peak Asset Management

Good Morning, Trust that you had a nice weekend and are getting set for another extremely busy week... Last week was one of the strongest weeks for the ASX on record and momentum is certainly building........ So what is the main driver? Lower interest rates.... Investors are pushing equites higher in the search for yield and on-market share buybacks (such as RIO's ~$2 Billion) and TLS lifting its dividend, are signs that investors are hungry for additional income. Accordingly, we have moved to a more bullish-weighting for the XJO, with our focus on those stocks that continue to benefit from the low AUD (i.e. SRX, AMC, BXB, MFG, ANN, BSL) and stocks that benefit from a rising dividend yield. The Energy Sector is still in focus and today, WPL reports their FY result...... All eyes will be focused on impairments and whether the lower crude oil price has impacted margins..... Commodities were generally stronger last night, with Crude Oil up $1.57 to $52.78/barrel, Gold up $6 to $1,227/oz. and iron ore up 1.5% to $63.5/tonne. The SPI is pointing to a 29 point rise on open.


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.