Sunset Strip | Aussie market delivered a positive day despite geopolitical risks rising and falling Iron Ore
Sunset Strip | Aussie market delivered a positive day despite geopolitical risks rising and falling Iron Ore. We continue to be negative in the short term as the markets have run too far ahead of valuation, rising geopolitical risks, stocks going ex div, escrow shares taking marginal buying and risk of ECB not living up to market expectations. Locally RBA left things unchanged while flagging high unemployment, high currency, low growth, low wages and low rates. Index change announcements on Friday...MYR and ARI are potential candidates that could see buying from small cap fund managers if they get kicked out of S&P 100. Paradice and Hyperion went substantial on VED through escrow share sell down...given the unique nature of the stock and growth potential in an online world, more to come. Trading idea of the day: Seven West Media (SWM). Tuesday's Retail Stock Pick: Woolworths (WOW). (VIEW LINK)
Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...