The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Here are the next batch of MSi nos wks (5-10). Closing wks sp and volumes.
Wk 5 (637p) 77,000
Wk 6 (610p) 34,000
Wk 7 (650p) 53,000
Wk 8 (580p) 8,000
Wk 9 (535p) 15,000
Wk10 (550p) 52,000
There was no 'material' news to effect share prices during this period and the UK major indexes closed as below.
Wk 10
Aim (850) +14
Ftse (7748) +295
All/s (4299) +224
DJ +60 (38,109)
SP -3 (4891)
NS -96 (17,421)
R2 +2 (1290)
WTI $78
10ytb 4•143%
-----------
MSCI(W) +4 (3216)
Gold Bugs -1 (219)
---------------
Close :- Vix 13. Brent $83.
Gold $2019. Copper $3•853.
Palm $960. Silver $22•905.
$1•270. €1•170.
Yen 148. Yuan 7•10.
FF -1. DF -17.
Morning all.
Investors have had their fill of MSi this week so a bit of a hangover from last weeks 114,000 volume of trades. Share deals were mostly in the spread and trending down for the week. MSi closed wk 4 at 880-920. The nos below are wks (1-4) aggregated and indicative only but accurate enough to form an opinion.
----------------------
Wks 1-4
Sp 850-910
----------
Buys 214,800
Sells 171,900
T/vol 386,700
T/trds 477
Buy % 56
Sell % 44
Av trd 811
Av £ 4770
------------
Ytd
Aim -2%
100 -1%
250 -2%
All -3%
-------
Evening all.
Investors have had their fill of MSi this week so a bit of a hangover from last weeks 114,000 volume of trades. Share deals were mostly in the spread and trending down for the week. MSi closed wk 4 at 880-920. The nos below are wks (1-4) aggregated and indicative only but accurate enough to form an opinion.
----------------------
Wks 1-4
Sp 850-910
----------
Buys 214,800
Sells 171,900
T/vol 386,700
T/trds 477
Buy % 56
Sell % 44
Av trd 811
Av £ 4770
------------
Ytd
Aim -2%
100 -1%
250 -2%
All -3%
-------
Evening all.
Strong economic data boosted Wall's main indexes in Q4 as the economy grew faster than expected at 3•3% on strong consumer spend and jobless claims up less than thought. For week ending Jan 20 the nos filing new claims came in at 214,000 well within analysts expectations.
On stocks Tesla caught the eye tumbling $25 to $183 on growth warnings dragging down Rivian and Lucid Group. Most commentators think the days of stellar rises for Tesla shares are over. Ytd the stock is down 26%.
Among other movers Boeing slipped 7% to $200 on maintenance concerns as American gained 10% to $15 on upbeat annual profits. Southwest was unchanged at $31 on narrowing 4Q loss.
DJ +242 (38,049)
SP +26 (4894)
NS +18 (17,517)
R2 +9 (1288)
WTI $77
10 ytb 4•094%
-----------
MSCI(W) +9 (3212)
Gold Bugs +3 (220)
---------------
Latest :- Vix 13. Brent $81.
Gold $2019. Copper $3•853.
Palm $1010. Silver $23•020.
$1•270. €1•172.
FF +28. DF -141.
------------
Nyse data
Issues 2912
Advances 2205
Declines 632
U/c 75
T/vol(bn) 4•02
------------
Morning all
The Dow started brightly but over the session gave back most of the gains to end down 99 points. Volumes on US exchanges were above average at c.12bn helped by the 500 hitting a new record.
Tesla disappointed on Q4 revenues and said vehicle volume growth will be "notably lower." Shares fell $11 to $195 after hours. The S&P climbed for its 4th straight record close as MSOFT ($404) hit an all-time high lifting its mrkt cap to over $3tn just ahead of Apple. Other tech heavies benefitted, Google and Meta each rose over 1% on investor interest.
Results from ASML Holding pointed to a recovery in global chip demand boosting Nvidia ($616) the 6th, largest Co in the world and Broadcom ($1260) which is attracting new investor interest. News that some big tech firms are to partner the US Govt on Ai research projects helped the sector.
It wasn't all roses for stocks AT&T fell 3% on profits below expectations but has joined up with Google in a $155m first phase strategic investment in AST Space Mobile helping to fund its direct-to-smartphone connectivity constellation.
DuPont ($64) slumped 14% after issuing a profit warning as weak demand from China saw its stock suffer its worst day in over 4 years. The merger between DuPont and Dow inc in 2017 has not been a success as they then split into 3 companies in 2019.
---------------------
Nyse data
Issues 2903
Advances 1242
Declines 1557
U/c 104
T/vol(bn) 5•0
-------------
DJ -99 (37,806)
SP +4 (4869)
NS +95 (17,499)
R2 -9 (1279)
WTI $75
10ytb 4•156%
----------
MSCI(W) +13 (3204)
Gold Bugs -7 (217)
---------------
Latest :- Vix 13. Brent $80.
Gold $2015. Copper $3•869.
Palm $970. Silver $22•880.
$1•272. $1•168.
FF -16. DF +94.
Morning all.
The S&P notched its 3rd straight record close as investors wait Q nos from the "Magnificent 7" group the big driver of equities in 2023 as key to whether the rally cont or loses steam.
Netflix blasted past Wall's estimates for subscription nos in Q4. In after hours the stock put on $42 to $534 on news the Co added 13•1m new subscribers for a total of 261m paid up memberships. Verizon Comms jumped 7% posting its highest Q subscriber additions in 2 years. Next big Co is Tesla which has had a rocky ytd (-16%) results due after the bell on Wed.
Going south 3M ($96) tumbled 11% on dour annual earnings and J&J dipped 2% on flat revenues outlook. With the 500 trading at 20x earnings well above its long'term 16x there's plenty of scope to disappoint investors.
----------------
NYSE data
Issues 2906
Advances 1355
Declines 1434
U/c 117
T/vol(bn) 3•92
-------------
DJ -96 (37,905)
SP +14 (4865)
NS +74 (17,404)
R2 -7 (1287)
WTI $74
10ytb 4•122%
-----------
MSCI(W) +2 (3191)
Gold Bugs +5 (224)
---------------
Latest :- Vix 13. Brent $80.
Gold $2026. Copper $3•808.
Palm $970. Silver $22•250.
$1•270. €1•169.
FF +18. DF +35.
Morning all.
DJ +138 (38,002)
SP +11 (4850)
NS +16 (17,330)
R2 +24 (1295)
WTI $75
10ytb 4•093%
-----------
MSCI(W) +13 (3189)
Gold Bugs u/c (219)
----------------
Latest :- Vix 13. Brent $80.
Gold $2032. Copper $3•779.
Palm $1005. Silver $22•395.
$1•274. €1•167.
FF +14. DF -7.
Morning all.
Japan is trading significantly higher this morning as the benchmark Nikkei 225 moved above the 36,300 level to a 34 year high. At the mid session close the Nikkei had put on 412 points. In a late spurt the Nikkei closed up 583 at 36,547 new all time highs.
Elsewhere in Asia Shanghai, Singapore & Indonesia were all in the red.
HK continued its poor form of late falling below 15,000 at 14,977. Its been the worst 3 week start for the Hang Seng index since 2016. At the halfway break the index had dropped over 10% ytd. The 1 and 5yr lending rates (3•45% & 4•20%) remained unchanged which disappointed investors hoping for some stimulus from Beijing.
Foreign investors have zero confidence in this mrkt having sold 31•5bn yuan worth of listed mainland stocks in 2024 adding to the previous 5 months an unprecedented US $26•2bn has been dumped by investors. The all-time low was in 1967 at 59 reached retroactively in Aug 1967. In more recent times the index slumped to 2674 low in Feb 1987.
-------------------
Latest :- Vix 13. Brent $78.
WTI $73. Gold $2020.
Copper $3•770. Palm $1005. Silver $22•315. $1•272. €1•166. 10ytb 4•115%.
FF +15. DF +18.
Morning all.
There was no stopping Wall yesterday as equities powered ahead setting record after record. Mega cap stocks fuelled the advance on back of bullish forecasting on Ai which investors think will be the main driver of growth this year as inflation heads below 3%.
The S&P closed at a record helped by consumer sentiment which jumped to its highest level since July 2021.
However many investors are cautious of stocks trading at c.20x forward earnings as many fail to hold gains.
Stocks outside big tech enjoyed solid nos as investors looked down the league tables. Spirit ($7) beaten down of late rallied in pre mrkt trading saw increased activity after the carrier lifted Q4 nos, shares soared 44%. Big Mac ($301) hit a record high brushing off sales concerns and PayPal ($66) had its best ever run in 14 months easing over the ytd gain line.
Next weeks parade of Dec Q updates sees 75 of the top 500 report their numbers which inc Tesla, GE & Apple next week. Collectively they are expected to come in 4•4% higher confirming Main St is alive and well.
--------------------
Issues 2918
Advances 1964
Declines 855
U/c 99
T/vol(bn) 4•4
--------------
DJ +395 (37,864)
SP +59 (4840)
NS +332 (17,314)
R2 +14 (1270)
WTI $74
10ytb 4•131%
----------
MSCI(W) +32 (3175)
Gold Bugs +1 (219)
----------------
Close :- Vix 13. Brent 79.
Gold $2029. Copper $3•790.
Palm $1005. Silver $22•750.
Yen 148. Yuan 7•12
FF +20. DF -2.
Morning all.
Trade volumes and deals were similar this week to last the only diff sells outpaced buys on a ratio of 1•2:1 for the first time this year. Shares slipped 10p at 870-910. I have it on good authority their not making anymore msi shares so buy while you can.
MSi
Wk 3
------
Up 2%
Ytd 890p
L/yr 600p
Up 290p
Up 48%
---------
T/vol 114,150
Buys 52,300
Sells 61,850
Buy % 46
Av nos 884
------------
Aim -3%
100 -4%
250 -4%
All -4%
-------
It was all about 'tech' today, big or small investors wanted in whatever the cost as the major averages reached new highs late on in the session, the Nsdq closed at a record high of 16,982.
Chips & mega caps led the advance following US listed Taiwan Semiconductor ($113) jumping 8% after projecting 20% growth this year due to booming demand for its high end chips used in Ai applications. The likes of Nvidia, AMD & Micron were all ahead as investors piled in on broker recommends. Not to be left out Apple, oversold of late gained $6 to ($189) as buyers returned.
It wasn't all up up and away, a warning from Humana about higher costs impacting its bottom line saw the stock slump 12% to $403 dragging down other health insurance rivals United Health & CVS Health. Several financial Cos reported weaker results, Discover Financial ($97) off 10% and Key Corp ($13) dropped 6%.
The wider mrkt was broadly steadier as t/bill yields slowed from earlier in the week after a report on workers applying for unemployment benefits fell. Homebuilders started more projects last month which boosted Beazer Homes ($32), good news for workers and the overall economy which has powered through the gloom-mongers predictions for a recession.
----------------------
Nyse data
Issues 2908
Advances 1572
Declines 1243
U/c 93
T/vol(bn) 4•0
-------------
DJ +202 (37,469)
SP +42 (4781)
NS +246 (16,982)
R2 +11 (1256)
WTI $74
10ytb 4•159%
----------
MSCI(W) +23 (3143)
Gold Bugs -1 (217)
---------------
Latest :- Vix 14. Brent $79.
Gold $2024. Copper $3•754.
Palm $970. Silver $24•830.
$1•270. €1•167.
FF +34. DF -15.
Morning all.
US retail sales rose the fastest in 3 months in Dec beating analysts expectations to grow by 0•6%. Car sales saw the strongest growth rising 1•1% while clothing, merchandise and e-commerce performed well. The nos suggest a solid performance by retailers in the run up to Christmas and equity analysts were wavering between a March or April rate cut of 25bp.
Despite this US equities sank 170 at the bell but were soon back on an upward path as buyers sought beaten down tech stocks dragged lower as t/bill yields rose over 4%. High growth stocks come under pressure when t/bill yields rise. Apple, Meta, Google and other 'techies' were all in the red at mid'day as the Dow lost its earlier gains. At the close the DJI ended down 94 well above its 230 drop for the day.
R2 small caps fell to their lowest in a month as the CBOE volatility index rose to a 2 month high of 15•40 aware of a 'bearish' stretch coming up in the middle of this month. The S&P fell 26 closing out its 10th winning week of 11 as several companies reported weaker profits (Bancorp & Big 5 Sporting Goods).
Spirit the low cost discount airline continued to sink for a 5 day fall of 62% after a Judge's ruling re: Jet Blue tanked the stock 86% to an all-time low ($5•92). Such has been the damage Spirit could seek a bankruptcy filing. An appeal is being considered.
Boeing in the dog house of late rose over $4 to $203 in early deals after Fed Aviation Officials said they had completed their inspection of the 737 MAX 9 jet. Boeing has asked Ryanair to send extra engineers to oversee quality checks at Seattle and Wichita factories after the "door incident" on an Alaskan jet.
----------------------
Nyse data
Issues 2920
Advances 711
Declines 2125
U/c 85
T/vol(bn) 3•93
-------
Latest :- Vix 15. Brent $78.
Gold $2011. Copper $3•740.
Palm $955. Silver $22•715.
$1•268. €1•164.
FF +6. DF +3.
Morning all.
Sell offs in Boeing, Apple and Morgan Stanley weighed on the S&P yesterday. M.Stanley ($84) fell 6% after posting lower Q4 profit nos and Apple ($183) dropped after offering rare discounts on its iPhones in China. Apple ($2•84tn) long the self anointed "worlds most valuable" company has lost its place to Microsoft's (2•90tn) valuation. Saudi Aramco a distant 3rd ($2•06tn).
Shares in Boeing slumped 8% to $202 a 2 month low after Fed Aviation Officials extended the grounding of Boeings 737 MAX 9 plane indefinitely. Boeing has lost a lot of credibility mostly on maintenance issues and appointing an advisor to the board without a background in aviation has angered senior management already under pressure to make changes among the top ranks at HQ.
Other stocks in the news saw bigest faller of the day Spirit Airlines tumble after a Fed Judge blocked their planned acquisition of Jet Blue Airways on competition grounds. Spirit a large discounter of airfares saw its shares crash 49% to $7•65 on the news. The merger would have created the 5th largest US carrier.
-------------------
Nyse data
Issues 2921
Advances 648
Declines 2207
U/c 66
T/vol(bn) 4•3
------------
DJ -232 (37,361)
SP -18 (4766)
NS -2 (16831)
R2 -13 (1257)
WTI $72
10ytb 4•056%
----------
MSCI(W) -19 (3146)
Gold Bugs -10 (224)
----------------
Latest :- Vix 14. Brent $78.
Gold $2018. Copper $3•750.
Palm $950. Silver $22•845.
$1•262. €1•161.
FF -74. DF -121.
Morning all.
It's a sea of red nos across Asia and Pacifica this morning. In Hong Kong the Hang Seng index slipped again as the People's Bank of China kept its policy lending rates unchanged for the 5th month. In late pm trading the HS index was down 330 points and 1200 (7%) since Jan 2.
In Sydney Mining and Energy tanked the ASX200 closing 81 lower, while Tokyo snapped a 6 session long rally off 283 by the close (35,619). Investors were well aware Dow futures were calling US mrkts down 130 and the ftse off 26 today. Both below their Jan '24 open.
Reversing the trend of the last 4-6 weeks, sellers got the upper hand yesterday. The shares sailed past 900 closing at 920-960 despite sell volume outpacing buyers by a ratio of 4:1.
Sellers were easily absorbed as market makers bid up the price. A total of c.42 deals were struck which is the current average deal number to date.
US mrkts were closed yesterday for Martin Luther King Day. The campaign for a Federal holiday in King's
honour began soon after his assassination in 1968. Ronald Reagan signed the holiday into law in 1983.
Morning all.
MSi mrkt cap tops £150m for the first time since it first started trading as a plc in July 1988. Let's hope its not going to take another 36 years to break £300m.
Averting a US Govt shutdown has boosted sentiment in Asia this morning. Energy & Gold led the advance amid signs of an escalating conflict in the Red Sea region where Houthi rebels continue to harass shipping.
Around 10% of global shipments and 33% of the world's oil pass within missile range of the Iran backed rebels. Safe haven demand has boosted gold as investors worry the Israeli/Hamas conflict could escalate into a wider war in the region.
Gold's rally to $2056 came after US & UK warplanes, ships and subs launched dozens of air strikes across Yemen in retaliation against Houthi forces for months of attacks on cargo boats in the Red Sea.
Japan is significantly higher extending gains of the last 5 sessions taking the Nikkei up c.8% to above the 32,800 level and fresh 34 year highs. The 225 closing up 344 at 35,921. Elsewhere in Asia Hongkong is expected to bounce after falling nearly 1000 points in a 7 day plunge and Shanghai is flat in morning trade. Pacificas trend mixed to higher while Sydney closed off 2 (7498) after a bright start.
Latest:- Vix 13. Brent $78.
Gold $2056. Copper $3•764.
Palm $935. Silver $23•410.
WTI $73. 10ytb 3•944%.
$1•275. €1•163.
FF +13. DF +21.
Morning all.
Https://www.thisismoney.co.uk/money/markets/article-12957501/MARKET-REPORT-Defence-stocks-fired-crisis-Red-Sea.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.31797180.38460507.1705180377-829466088.1679172563&_gl=1*8cnk33*_ga*ODI5NDY2MDg4LjE2NzkxNzI1NjM.*_ga_XE0XLFFF16*MTcwNTE4MDM3Ny41OS4xLjE3MDUxODAzODEuMC4wLjA.
DJ -118 (37,593)
SP +4 (4784)
NS +12 (16,833)
R2 -3 (1270)
WTI $73
10ytb 3•944%
----------
MSCI(W) +11 (3168)
Gold Bugs +7 (233)
---------------
Close :- Vix 13. Brent $78.
Gold $2049. Copper $3•735.
Palm $935. Silver $23•360.
$1•275. €1•164.
Yen 145. Yuan 7•16.
---------------
Nyse data
Issues 2912
Advances 1543
Declines 1262
U/c 106
T/vol(bn) 3•5
------------
Morning all.
A big jump in deal & volume nos today saw MSi shares end the week (890-920) c.40p to the good. Buys again outpaced sells by 2:1 on just short of 150 trades. Investors are betting following Rishi Sunak's visit to Ukraine we could receive more orders for our Terrahawk drone killer Paladin Air defense system.
A 3p interim dividend will be paid next Friday to those holders on the register as of 22/12/2023, up from 1•75p last year.
Wk 2
MSi (890-920)
52wk (446-930)
Ytd +(3•4%)
L/yr (635p)
----------
Trades 149
T/vols 135,000
Buys 90,300
Sells 44,700
Buys % 67
Av trd 906
------------
Aim 745 (-2•4%)
250 19,198 (-2•5%)
Ftse 7625 (-1•4%)
All/S 4141 (-2•1%)
---------------
Evening all
Https:www.wired.com/story/anduril-roadrunner-drone
Britain is to provide Ukraine with c
£2•5bn of support in their ongoing war against Russia. We may get a few quid. Don't expect to be informed.
On Wall stocks stage a late recovery after turning lower over the course of the morning session. The Dow fell as much as 270 points before clawing back losses, to end the day up 15.
A point of interest Microsoft ($383) briefly overtook Apple ($186) as the world's most valuable company following a 4% fall in the iPhone share price. The 2 companies have jostled for top dog for many years. Latest valuations Apple $2•886tn, Microsoft $2•858tn. Saudi Aramco no 3.
Most of the S&P major sectors declined as Banks were sold ahead of Q4 updates expected from JPMC, Citi, BOA and Wells Fargo. On the economy the US Labour Dept reported consumer prices rose more than expected in Dec and the nos of people filing new claims for benefits surprisingly fell to 202,000.
-------
Nyse Data
Issues 2916
Advances 1174
Declines 1631
U/c 111
T/vol(bn) 3•8
------------
DJ +15 (37,711)
SP -3 (4780)
NS +28 (16,821)
R2 -9 (1273)
WTI $74
10ytb 3•983%
-----------
MSCI(W) -4 (3157)
Gold Bugs -2 (227)
---------------
Latest :- Vix 12. Brent $79.
Gold $2036. Copper $3•798.
Palm $950. Silver $23•010.
$1•277..€1•163.
FF +34. DF -17.
------------
Morning all.
Could be as the US Navy use the Arleigh-Burke class destroyer's guided missile. Not something the company are likely to comment on methinks.