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  • Drew Meredith

Oil price hits nine month high

ASX 200 (ASX:XJO) 1.3% higher, oil price hits nine month high, AUD rallies, Dow hits 30,000 The ASX200 (ASX:XJO) saw another strong day adding 1.3% on the back of the ‘trifecta’ of COVID-19 vaccines with hopes for an economic recovery resulting in the oil price hitting a nine-month high.  As can be expected, energy stocks benefited most,…

Drew Meredith | 24th Nov 2020 | More
Seek (ASX:SEK) under short attack

Sentiment shifts US market rallies, JB Hi-Fi (ASX:JBH) sold off, Seek (ASX:SEK) under short attack It’s looking like a tough end to October after what has been a very strong month.  The ASX 200 (ASX:XJO) fell 1.6% on Thursday due to a weak global lead.  As highlighted, new economic restrictions are combining with a market…

Drew Meredith | 29th Oct 2020 | More
Inflation returns, Coles (ASX:COL) sales boom

Inflation returns, Coles (ASX:COL) sales boom, US staggers down 3%, ASX to open over 1% lower The ASX 200 (ASX:XJO) staged a solid comeback after a weak opening, finishing 0.1% higher.  The strength came from the consumer staples and IT sector, up 1.8% and 3.0%, with some new and old names contributing.  On the newer side, was grocery retailer Coles Group (ASX:COL)…

Drew Meredith | 28th Oct 2020 | More
  • RBA: Recession is over, ASX 200 slumps 1.7%

    RBA: Recession is over, ASX200 slumps 1.7%, stronger open ahead The ASX 200 (ASX:XJO) finished off the day’s lows falling 1.7% on Tuesday after a weak global lead.  The good news in Victoria is being offset by a raft of new lockdown measures across Europe and signs the pandemic is unlikely to slow soon.  On…

    Drew Meredith | 27th Oct 2020 | More
    Another negative week for the ASX

    Another negative week for the ASX, Trump-Biden debate, Link (ASX:LNK) undervalued The ASX 200 (ASX:XJO) finished 0.1% lower on Friday keeping the index in negative territory for the week, down 0.2%.  The IT sector was the highlight, adding 1.8%, behind strength in Afterpay (ASX:APT), Zip Co (ASX:Z1P) and Link Administration (ASX:LNK).  Management of LNK responded to the $5.20…

    Drew Meredith | 25th Oct 2020 | More
    ASX pares losses, Healius (ASX:HLS) delivers

    Volatility continues, ASX pares losses, Healius (ASX:HLS) delivers, AMP (ASX:AMP) sold off, positive morning ahead The ASX 200 (ASX:XJO) pared early losses to finish down just 0.3% on Wednesday, with oil prices the biggest detractor.  The oil sector fell 1.8% as oil prices pushed lower on concern of weaker demand.  Woodside Petroleum Ltd (ASX:WPL) reported quarterly production had…

    Drew Meredith | 22nd Oct 2020 | More