Traders' Takedown

The PSEi continues its strong performance as it makes a move towards its 200-day moving average at the 6,600 level. Earnings season has come to a close this week, which ended with mixed results while the Bangko Sentral made good on its promise and officially announced a 6th rate hike for the year.

The bite sized version of BPI Trade's Invest In You Trading Academy (I-TRAC). Your source for on-the-go investing knowledge on the BPI Traders Takedown podcast.

Catch the podcast version of BPITrade.com's weekly Trade Screener!

Chart of the Day: Wilcon Depot, Inc. (WLCON)

Feature of the Week: PSE Financials Index

Local equities gained for the week as Philippine GDP for the 3rd quarter surprised on the upside. Corporate earnings continue to roll-out as large corps post impressive numbers on the back of easing mobility restrictions last quarter.

In this episode of The Overview, consumer analyst Ben Guinto reports on branded consumer food manufacturer URC's solid topline and healthy earnings growth in 9M22 despite persistent cost headwinds.

Catch the podcast version of BPITrade.com's weekly Trade Screener!

Chart of the Day: PSEi

Feature of the Week: Newcastle Coal

The PSEi ends the shortened week higher as markets reacted to new language from the U.S. Federal Reserve that signals a potential change in monetary policy to bring down inflation. Locally, BSP Governor Medalla jumped the gun where he announced an off cycle hike which is not really off cycle since it isn't effective just yet.

In this episode of The Overview, utilities analyst Kristel Parungao discusses why MER is viewed as a strong utility play where its core distribution segment and foray into power generation will lead to stable future earnings.

The PSEi snaps its four-day streak in the green but manages to close the week up by almost 3.00% despite continued net foreign outflows. The local currency strengthened against the greenback amid hopes of slower rate hikes by the US Federal Reserve and the Bangko Sentral's efforts to defend the peso.

DISCLAIMER 

This podcast is not to be construed as a solicitation to buy or sell any securities, futures, options or other financial instruments, to participate in any particular trading strategy or to provide any investment advice or services. Any recommendation contained herein does not pertain to any specific investment objectives, financial situation and the particular needs of the listener. 

 Any opinions expressed herein are solely those of the host & the guests and may be different from the views expressed by BSC itself and its other departments.

Join our trader and technical analyst, Jody Jacinto, as he updates us on our current market conditions and how they affect the PSEI's technical landscape as we close-off the month of October.