IGO Earnings
IGO reported an operationally in-line quarter, with 1H FY24 underlying EBITDA of A$515mn below expectations with higher lithium earnings offset by nickel & corporate/exploration expenses.
IGO needs to hold the higher low formation at $7.03. Otherwise, a stop loss should be applied.
BHP
BHP Group remains an open position in the ASX200 Trade Table.
Mega-cap US tech
Mega-cap US tech stocks Microsoft, Alphabet, Amazon, and Meta will all report this week. Microsoft will be the most important earnings report and conference call as the launch of Copilot success and early adoption of AI is likely see earnings exceed the Street’s top-line revenue of $US61 billion and EPS of $US2.77.
Microsoft
Alphabet
Meta
Soul Pattinson
Washington H Soul Pattinson & Company continues to rally, following the bullish setup at $32.50.
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Intel
INTC:NAS is under Algo Engine buy conditions. We suggest accumulating Intel within the $40 – $44 price range. Patient investors can expect Intel shares to double over the next 3 – 5 years.
Gold Road
The miner reported a slip in gold production and downgraded its full-year guidance in its latest quarterly report.
Santos
STO shares remain heavily discounted, given superior free cash flow. Barossa project progression, completion of PNG selldown, and the potential merger proposal from WDS are all positive catalysts.
We expect STO to report a solid 4Q on 25th January and we look to buy STO on the current dip in price.
Woodside Energy
Level 17 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453