US Earnings

Posted on | by Leon Hinde

US banks will report Q2 earnings, starting with Citi on Tuesday, investors will be watching for data on credit loss estimates. The financial sector is expected to see a more than 52% decline in profits, according to Refinitiv.

Earnings for the S&P 500 are expected to decline by 44%, the worst drop since the fourth quarter of 2008, when profits fell 67%.

July 13 PepsiCo.

July 14 Citigroup, JPMorgan Chase and Wells Fargo.

July 15 Goldman Sachs, U.S. Bancorp and Alcoa.

July 16 Abbott Labs, Johnson & Johnson, Bank of America, Morgan Stanley and Netflix.

July 17 BlackRock.

SPDR S&P Global Dividend Fund

Posted on | by Leon Hinde

SPDR S&P GLOBAL DIVIDEND is a holding in our “ASX All ETF” model portfolio.

We see value at the current $15 price range.

The S&P Global Dividend Aristocrats is designed to measure the performance of high dividend yielding companies within the
S&P Global Broad Market Index (BMI) that have followed a policy of increasing or stable dividends for at least 10 consecutive years.

Bega Cheese

Posted on | by Leon Hinde

Bega Cheese remains under Algo Engine buy conditions and we highlight the recent higher low formed during last week’s trading.

Technically, we need to see $4.60 hold and the short-term momentum indicators to remain positive.

CSL – Buy

Posted on | by Leon Hinde

CSL is under Algo Engine buy conditions and remains one of the best-performing stocks in our ASX model portfolios.

The technical indicators show the recent higher low formation with support at $280 and again at $275.