Podcast Archive

While Trump is playing down the virus over in the US, fresh restrictions are looking likely across parts of Europe as virus case numbers continue to climb. Locally the second week of AGM season sees some big names set to update the market on their trading conditions and outlook, while Q3 US earnings season kicks off this week with a 21% average fall in numbers expected across the S&P 500. 

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A significant market theme is washing through the market - find out what it is and why it is significant in the Strategy section of the Marcus Today newsletter today. We also include the ETF portfolio and the Growth Portfolio in all their detail after the changes yesterday - both portfolios are now fully invested. The strategy section also includes the regular daily technical observations with charts including a number of interesting trading buy ideas. 

The market is rallying as it starts to discount a 'Blue Wave' sweep of the US election. Technology, wealth management and BNPL are hot to trot once again as the market goes risk-on. We have made some changes to the portfolios today, the main driver being to make sure we are not under-invested as certainty returns. We also highlight a collection of stocks brokers think are the Budget beneficiaries and we have a long list of charts with buy signals and highlight a couple of more interesting trading ideas. Meanwhile have a listen to our On the Couch podcast released today as Henry talks to the managers of the Ellerston Capital Australian Micro Cap Fund highlighting a couple of micro-cap stock picks. 

On the Couch with Henry this week are Ellerston Capital Australian Micro Cap Fund Managers David Keelan and Alexandra Clarke. The Fund has returned 24.10% pa since inception on May 1st 2017 - Click Here for the latest performance report.

The Fund is an actively managed portfolio of Australian listed smaller company securities. The fund is made up of a portfolio of between 30 – 60 Micro Cap stocks.  The Fund invests across a number of sectors, and offers access to higher growth companies not widely known. The investment team employ a fundamental, bottom up approach to stock selection and combine that with a focus on risk management when constructing the portfolio aiming to outperform the S&P/ASX Small Ordinaries Accumulation Index over a rolling three year investment horizon.

David Keelan has been with Ellerston since 2008 - David has 13 years experience as an Investment Analyst and prior to joining Ellerston, David worked for UISL/Old Mutual in the UK for a period of 4 years in a Senior Dealing role. David graduated from Liverpool John Moore’s University with a BSc. Hons. in Technology Management in 2004.

Alexandra Clarke joined Ellerston Capital as a Senior Analyst in 2017 and has 11 years of financial market experience.  Prior to joining Ellerston, Alexandra worked as a lead analyst at Morgans. Alexandra graduated from Queensland University of Technology with a Bachelor of Laws and a Bachelor of Business majoring in Banking & Finance in 2007. She also holds a Graduate Diploma in Applied Finance from Finsia. 

Our Summary of the Budget is a thirty second read. We look at a few individual stocks that have come out as Budget Winners. We also look at the debate over whether the RBA are going to cut rates and laugh our 1990's heads off with good reason. There is a summary of our current STRATEGY thinking and a very interesting "Election Trade" idea that could turn some stocks from their current lows into sentimental favourites once again.

A new addition to the growth portfolio and we have topped up on two stocks - all three are domestic recovery rather than growth plays. Trump out of hospital removes some of the uncertainty and pops the market back up. Not a significant market factor. The market is still "holding the line" at the bottom of the trading range but with COVID restrictions tightening in the Northern Hemisphere the market is inching along not charging up. The Budget and the RBA Meeting today hold the focus. Prepare to be stimulated.

A strong morning as optimism takes over and reverses the damage we saw on Friday afternoon after it was announced that President Trump had contracted COVID-19. The Federal Budget and the RBA dominate a big week in the economic world, while nine new cases and zero deaths in Victoria sees Melbourne on track to continue its slow reopening. 

A quiet close to the week - we could all go to lunch early if there was a restaurant to go to :-(

In the absence of an uptrend our higher cash levels remain appropriate. Lots on next week. The Budget and a possible (but unlikely) RBA rate cut. Jobs numbers in the US tonight. US results season coming up. Long weekend in NSW. Today we look at four stocks in some detail. Two of the stocks are super popular with the 'risk-on' brigade, have terrible numbers but are currently showing buy signals on the charts. Another is a fantastic play on global recovery and electric vehicles but is flat on its back. The other is a domestic recovery play. We also look at Directors buying today and show the GROWTH portfolio in all its detail. 

Today we talk about the "End of Quarter" fall we saw yesterday, reversing today...all a bit of a storm in a teacup. Despite that the ASX 200 chart doesn't speak "enthusiasm" for the market and being more cashed up than usual seems appropriate. We add to a holding in both the Growth and Income portfolios today, make a comment about yesterday's US Presidential (Un-Presidential) debate and look at a host of oversold stocks and mention one of them as a possible trading buy. 

A rough day for the market - if the fall today is an end of Quarter thing (today's fall does seem to be a bit of an aberration) it should reverse tomorrow. A number of bullet points today - oil well down, financials dragging, only gold up. Read the STRATEGY section today for some important education about the ETF market  - the message is that you don't get something for nothing but many ETFs promise that in their marketing. We also look at some technical buy signals and ask...are they buy signals, or trading buy signals?