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Inner Circle
9/5 update: Cyber security stocks pop.
4/5 update: A look at the NASDAQ and US Technolgy Disruptors from both a long and short perspective.
19/4 update: New Inner Circle video
Lynas
Lynas reports that it has been advised by Malaysian authorities that its licence to import and process lanthanide (rare earth) concentrate is now valid until 1 Jan 2024. This removes the requirement to shutdown the Malaysia cracking & leaching plant on 1 July 2023 and the plant will now operate until 1 Jan 2024.
Paypal
PYPL:NAS has been consolidating between $71 & $76 for the past 8 weeks. The stock offers value and may break to the upside of the channel.
Apply a stop loss at $71.04
Note: Paypal reports March quarter earnings this Thursday.
Pro Trade: XPP
XPP:ARC offers a leveraged play to a recovery in Chinese stocks. Ali Baba, JD.com, and others look oversold.
A2 Milk
{A2M.ASX} is under Algo Engine buy conditions and we expect to see the holding added to the ASX200 Trade Table.
Speculative Trade: SGR
SGR:ASX is a speculative trade idea that requires a stop loss at the FTFF higher low.
Buy at the market price with a stop loss of $1.225
ANZ Group – 1H23 Earnings
ANZ’s 1H23 cash earnings were up 23% on pcp and the result provided further evidence of success for ANZ in improving the profitability of its Institutional business.
ANZ trades at 11x earnings and a forward dividend yield of 6%
Macquarie Group – FY23 Earnings
MQG’s FY23 NPAT was up +10% on the same time last year, the stock trades on a forward PE of 16x, and a dividend yield of 3.8%.
S&P500 Earnings
Quarterly S&P 500 earnings per share peaked at $54.
Buffett expects the ‘majority of holdings to report lower earnings this year than last year’, citing a ‘very different climate than 6 months ago’. Buffett’s commentary about the economy is somewhat conflicting with the earnings results of the Berkshire conglomerate, where operating earnings for Q1 2023 increased 13% YoY.
Changes in M2 tend to influence future changes in GDP. It suggests that additional weakness in GDP is to be expected. Employment appears to remain strong and is often used to support the view that recession is avoidable.
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