Podcast Archive

The ASX200 falls 156 points to 7248 (2.10%) as Evergrande woes boil over in Asia. Dow futures down 350 points. Singapore iron ore prices touched US$90 briefly with China closed today. The big miners under extreme pressure, BHP off 4.2%, FMG down 3.7% and RIO falling 3.6%. Other resources followed suit as BSL tumbled 5.0%, S32 down 2.1% and LYC down 11.8%. Uranium. Lithium and other hot pockets saw a big sell off as profit taking and nerves kicked in. PDN down 16.50% and BOE off 17.4%. 

The Big Bank Basket was hit to $180.59 with MQG down 3.6% and QBE dipping 2.9%. Healthcare was a little more resilient with CSL down only 0.6% and RMD losing 2.6%. Industrials under pressure with SYD down 1.5% after traffic numbers, REH off 3.6% and TCL in a trading halt as the company looks to shore up capital raise to buy WestConnex.

 Energy stocks fall and oil eases back in Asian trade. Tech under pressure too, APT down 2.2% and the All-Tech Index down 2.5%. In corporate news, Brookfield bid $9.6bn for AST with the stock rising 19.2%. 

All eyes on Evergrande and central banks this week.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX 200 set for a weak opening down 68. 
• Iron ore falls to $100. Resources likely under pressure.
• TCL buys 49% WestConnex and launches capital raising.
• Big week for central banks, FOMC, BOE and BoJ plus RBA Minutes tomorrow.

The ASX 200 dropped 56 points to 7404 (0.8%) as iron ore falls below US$100 on Dalian Futures and brokers move to downgrade miners after the falls.

Iron ore miners stumbled yet again with FMG down 11.5% on huge volume. BHP off 3.7% and RIO down 4.7%. Second tier miners also in trouble, GRR down 5.6% and MGX off 10.5%. Gold miners too on the nose following bullion falls NCM down 3.1% and NST falling 2.8%. Base metals eased and uranium and lithium stocks lost their lustre as profit taking set in. Quadruple witching tonight in the US has made investors skittish. Couple that with the Evergrande issue in China and liquidity added by the PBoC, resources under pressure. The banks too suffered with the Big Bank Basket down to $184.35.

Insurers eased but MQG held relatively firm, up 0.2%. Tech better after APT followed Square higher by 3.9% and the All-Tech Index rose 1.7%.

Healthcare mixed, CSL up 0.3% but SHL fell 0.8%. Industrials eased but no real standouts. In corporate news, another PE bid has fallen over with EQT pulling the pin on the IRE deal. The stock dropped 10.7%. The AFR warning agriculture suppliers to China are at risk following Australia's nuclear sub deal. ELD down 0.6%.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX 200 set to open lower SPI down 18 points
• US markets mixed in choppy trade ahead of the Quadruple Witching expiry tonight.
• Iron ore falls another 6%
• Gold falls 2% on a stronger USD
• Commodities slip on USD

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

The ASX 200 closed up 43 points to 7460.

A solid day with banks powering ahead on jobs data showing the headline rate falling to 4.5% although participation the issue The Big Bank Basket rose to $184.92. MQG pushed 1.0% ahead with MFG rising 2.5% for a change. Healthcare back in the pink with CSL up 1.1% and RHC doing well.

Industrials were firm with TLS holding an investor day rising 0.5%, TCL up 1.2% and REITS pushing ahead again. GMG up 1.0%. Consumer stocks were firm, WOW up 0.6% and WES pushing 0.6% better. In resources, uranium stocks once again in focus with AGE and BOE leading the charge in smaller players as big ones took a break. Lithium stocks were a little depressed today after some spectacular gains in recent days, ORE dropped 4.1% and PLS off 4.9%.

Iron ore stocks rebounded slightly led by BHP up 1.0% as one of the few actual uranium producers in Australia. RIO on the nose, down 0.9% and FMG down 3.2% as the sell-off in ore continues. Energy stocks got a boost from crude prices, STO up 2.2%. In corporate news, WES bid 155c in cash for API and was greeted with the keys to the boardroom and MYR reported better numbers sending the stock up 16.7%. On the economic front, unemployment dropped to 4.5% as many gave up looking for work. No impact on AUD or 10-year yield at 1.25%. Australian buying US subs put French and Chinese offside. European Futures pointing to a slightly higher start.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

Today we look at why the energy sector is undervalued but why you can't get excited about it. We talk about how the resources sector looks like a dead horse that you can't flog any more. I teach you a couple of techniques for picking stocks to trade. The new MARCUS TODAY section is humming along, make sure you have a look at that. Everything you need to know in one spot. Our market having a bit of a boomer. No change to the uptrend yet. The S&P 500 bounced off its 50 day moving average. Long-term investors can relax.

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This week we catch up with Phil King , the founder and CIO of Regal Funds Management.  Regal (RF1) has been a stunning performer over the years since Phil and his brother, Andrew, founded the business in 2004.  Regal is one of Australia's leading investment managers servicing a wide range of institutional investors, family offices and high net worth individuals. The fund manager currently has over A$2.4bn funds under management as at 31 March, 2021. In this podcast Phil talks about his view on the current uranium boom together with the one stock that is his highest conviction pick. And one stock that he has shorted in the past.  Phil gives us an insight into the way Regal analyses stocks using their four-step approach.

RF1 is the ASX listed LIC. We have recommended it in the past and is part of one of our popular Corona Baskets. The Fund's Investment Objective is to provide investors with exposure to a selection of alternative investment strategies managed by Regal, with the aim of producing attractive risk adjusted absolute returns over a period of more than five years with limited correlation to equity markets.

Philip worked for De Putron Fund Management (DPFM) in London as a hedge fund manager specialising in relative value and special situations. Prior to joining DPFM in 2000, Philip was an equities analyst at Macquarie Bank for over five years. Philip also worked at KPMG from 1987 to 1994 as a chartered accountant. Philip holds a Bachelor of Commerce (Honours) from the University of New South Wales and was inducted into the Funds Management Hall of Fame in 2019.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

.Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX 200 set to open higher. SPI up 32 points.
• Unemployment data at 11.30am
• Iron ore falls another 5.8%
• Uranium continues to show gains.
• Telstra Investor Day
• Oil stocks in focus as Brent Crude up 2.5%

CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST

The ASX 200 closes down 20 at 7417 (0.3%) after early losses were recouped. Banks slid with the Big Bank Basket off to $182.95. Healthcare doing well, bouncing back from losses yesterday led by CSL up 1.4% and RMD up 1.8%.

Industrials too were firm with REITs and other interest rate sensitive stocks better. Even TCL rose 0.4% despite being pregnant with news. Resources and energy stocks weakened with the exception of ‘green resource’ stocks in uranium and lithium. Crazy times and moves in both sectors, LTR up 7.5%, PLS hitting records up 8.4% and PDN up 7.9%. In corporate news, CXL rewarded the true believers with its announcement today of a US investor taking 7% of LEILAC for $24.5m, the stock rose 39.7%, MYE fell 18.1% after an incident and UWL was quietly 0.5% better after the insider trading issues were clarified.

On the economic front, Westpac-Melbourne Institute Consumer Confidence Index for September rose 2% to 106.2. China’s retail sales grew 2.5% in August, far slower than 7% expected. Industrial production growth was also slightly below expectations, up 5.3% in August versus predictions of 5.8% growth.

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Hot stocks are winning our ONE STOCK PORTFOLIO COMPETITION - Sign up here. Today we look at Hot Sectors and tell you what to do if the correction comes. Yesterday's education video made some Member's eyes bleed. If you have a big mortgage the RBA say don't worry. Upgrades in energy sectors from brokers. Nickel and Lithium - hot and on the trot.

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