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Marcus Today End Of Day Report
BY HENRY JENNINGS - MARCUS TODAY COMMENTATOR - 19/01/2018
VIEW MORE ARTICLES BY HENRY JENNINGS

MARKET SUMMARY

  • ASX 200 slipped 9 points to 6006.
  • High 6029 Low 6002.
  • Volume light again. US votes on shutdown.
  • Banks mixed. Resources find a base.
  • Lithium stocks depressed as ORE returns.
  • Telcos back in the dog house.
  • AUD steady above 80c still at 80.12c.
  • Bitcoin $US11,411.
  • US futures down 21 as shutdown vote looms.
  • Asian markets were slightly positive with CSI 300 up 0.27% and Japan up 0.69%.

FUTURES AND HIGHS AND LOWS

MT STUFF

  • MARCUS CALL - Chinese GDP Fudge....and a much better alternative indicator. Plus a lot of other stuff.
  • TRADING PORTFOLIO – One new trade. No stop losses raised. We were stopped out of ICQ.
  • SMALL STOCK PORTFOLIO – Performance updates and Henry alerts us to six new stocks to watch.
  • INSIDERS – An update on cannabis.
  • INSIDERS CONNECT WITH US - We invite you to send us your own stock ideas. We also have the facility for you to email us any questions. Click on the "Ask Marcus Today" button in the newsletter or below - Ask us anything:

ADVANCERS AND DECLINERS

  • GXY -7.37%, KDR -9.16% and PLS -1.49%. SQM approval to ramp up production.
  • ORE -9.35% resumes trade suffers as lithium stocks fell.
  • AGL +0.51% heat wave pushes power prices higher.
  • WHC -1.59% suffering from broker downgrades on quarterly.
  • FLT +4.25% broker upgrade to a 4-week high.
  • SDA +2.07% contract win.
  • A2M +5.17% cream rises.
  • CYB +2.31% UK economic and currency exposure.
  • IDX +1.32% 1H18 results and update on the bid from CAJ.
  • TWE +2.72% technical buying.
  • NXT -2.53% broker downgrade to ‘Neutral.'
  • CSL +1.09% vaccine business maximises recent Aussie Flu.
  • QAN +2.95% oil price falls.
  • Speculative stock of the day: Po Valley Energy (PVE) +57.50% after it confirmed a significant commercial gas discovery at its Northern Italian Selva gas field. PVE has a 63% interest as operator of the field.
  • Biggest risers – A2M, IFN, FLT, GOR, UPD and OGC.
  • Biggest fallers – ORE,KDR, GXY, AJM, MIN and OCA.

ALL ORDS SECTOR SUMMARY

ALL ORDS TOP MOVERS

ALL ORDS BOTTOM MOVERS

ASX 200 SECTOR SUMMARY

ASX 200 TOP MOVERS

ASX 200 BOTTOM MOVERS

TODAY

  • Sydney Airport (SYD) -0.74% First traffic numbers under new CEO Geoff Culbert. Record 2017 with 43.3m passengers. A 3.2% rise on 2016. Chinese tourists continue to dominate. SYD will continue to be hostage to interest rate moves.
  • Orocobre (ORE) -9.35% The company returns to trading following the entitlement offer being completed. Rights trade until 25th January. TERP is 714c with a issue price of 655c. The company has also announced some promising drill results from Cauchari in Argentina.
  • Speedcast (SDA) +2.37% The company has signed a contract with Noble Drilling for a fully managed communication system for its drilling fleet. No monetary details on the contract.
  • Senex (SXY) -unchanged- Quarterly report today with net production of 200,000boe up 11%. Revenue up 33% on higher prices and higher volumes. CEO has a positive outlook and significant momentum. The company says it has a compelling program of exploration and appraisal in the Cooper Basin.

ECONOMIC NEWS

  • None today.

BOND MARKET

ASIAN NEWS

  • Chinese full-year growth picked up to 6.9% from 6.7% in 2016.
  • China added over 13m new jobs in 2017.
  • Retail sales rose 9.4% in December on year, vs 10.2% forecast.
  • The debt-to-GDP ratio edged up to 264% from 259% in 2016 – a markedly slower pace of increase.
  • Jacinda Ardern, NZ PM, has announced she is pregnant with her first child, due in June.

EUROPE AND US MORNING HEADLINES

  • Amazon has narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami and Toronto among the contenders.
  • Airbus A380 saved by a US$20bn order from Emirates.
  • John Williams of the San Francisco Fed is putting his hand up to be No 2 at the Fed after Jay Powel.

MARKET MAP




View More Articles By Henry Jennings

Henry Jennings has been involved in financial markets for over 35 years as both a trader and a broker in London and Sydney.

Starting his career in London trading derivatives and moving to Australia in 1989, Henry eventually settled at Macquarie Group, rising to become a Divisional Director responsible for Equity Trading in Australia. For the last decade, Henry has been involved in private client broking and now writes exclusively for the renowned financial newsletter Marcus Today. Henry regularly appears on ABC TV and Sky Business as a market analyst, commentator and strategist and has presented at various conferences most recently for the AIA on the Gold Coast.

To gain further insights from Henry Jennings, Marcus Padley and the Marcus Today team of analysts, click here to register for a free trial of the Marcus Today daily newsletter.



Important note: Any financial product advice contained in this email is general financial product advice only and does not take into account any one person's objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.
 

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