US Stocks Higher as Yahoo & Alibaba Back in Favour... | All eye on Tonight's US Payroll Figures.. | Yes.. It is Friday... |
Good morning from the sunshine coast, Ok….. So we didn’t end up pushing the car up the Bruce highway as things improved overnight. • Dow Jones up 82 points • Alibaba and Yahoo drive NASDAQ higher • Initial Jobless claims near record lows • USD back in favour, leading to tonight’s crucial payroll figures And yes, it is Friday…….. It has been a really tough few weeks on financial markets……. Sure, reports from CBA and WBC showed that cash earnings of the banks are inline with previous quarters, however, one would suggest that the fact interest rates are now at 2.00%, credit growth and margins should improve….. WOW’s report was always going to be poor and we already know that the “supermarket giant” is struggling amid competition from Aldi, Costco and Coles.. so nothing new here… Commodities (iron ore, copper, oil), have actually increased in the past few weeks and looks to be well supported. Remember – stick to your trading plan and look for opportunities in blue-chips, that are yielding > 6.0%.... Why should we be in cash? Niv
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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,...
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