Intel
INTC:NAS has rallied following the breakout above the $31 resistance. Several analysts have upgraded their price targets, and commentary has generally turned bullish. The trailing stop loss should be lifted to $32.50.
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Aussie dollar rally
The strong AUD combined with slowing global economic growth impacts FX-sensitive names such as BXB & AMC.
US Federal Reserve may cut interest rates in September just as the Reserve Bank considers rate hikes.
Brickworks
BKW:ASX is under Algo Engine buy conditions.
International Value Equity ETF
{VLUE.ASX} has been added to our watchlist following the recent Algo Engine buy signal.
Amcor
AMC:ASX is under Algo Engine buy conditions. There is value building within the $13 – $14.25 price range. We suggest waiting for a turn higher in the short-term price momentum.
Micron is up 134%
MU:NAS was added to our model portfolio in March 2023 at $56 and is now up 134%. We recommend watching for the next Algo Engine buy signal.
Micron reported 50% sequential data center revenue growth in Q3, driven by AI demand. The company is well-positioned to benefit from the CHIPS Act and plans to expand its manufacturing.
US Earnings
Thursday, July 11 – Delta Air Lines, PepsiCo, and Conagra Brands.
Friday, July 12 – Citigroup, JPMorgan Chase, Bank of New York Mellon, and Wells Fargo.
Global Value Equity ETF
{VVLU.ASX} has been added to our watchlist following the recent Algo Engine buy signal.
Qantas
QAN:ASX is a current holding in our ASX200 Trade Table. We expect the price momentum to remain bullish and suggest traders consider this opportunity with a stop loss at $5.82
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