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Marcus Today End Of Day Report
BY HENRY JENNINGS - MARCUS TODAY COMMENTATOR - 08/03/2018
VIEW MORE ARTICLES BY HENRY JENNINGS

Market Summary

  • ASX 200 climbs 41 points to 5943 as Trump softens stance.
  • High 5943 Low 5896. Volume improving after quiet start.
  • Banks lead charge. BHP ex–dividend.
  • Healthcare rallies.
  • AUD pushing ahead on export numbers to 78.328c.
  • Bitcoin slips slightly to US$9,642.
  • US futures up +17 ahead of more tariff news.
  • Asian markets rebound as trade risk slips Japan up 0.19% and China up 0.630%.

FUTURES AND HIGHS AND LOWS

MT Stuff

  • MARCUS CALL – The market is not going to settle until it gets some clarity on trade policy. Trump is scheduled to sign off on tariff changes end of week. Marcus’ Smart Money and Dumb Money article is the top trending article on Livewire at the moment. Access Marcus Call to read.
  • SMALL STOCK PORTFOLIO – An update from MSB was a positive for the portfolio. And Henry looks at a telco. Telcos don’t suffer trade wars.
  • TRADING PORTFOLIO - One new trade. One stop loss raised.
  • INSIDERS – Something further afield from the US amid increased protectionism - AVZ Minerals, a cobalt play, located in the Democratic Republic of the Congo. Bit of a risk. But a big resource.
  • INSIDERS CONNECT WITH US - We invite you to send us your own stock ideas. We also have the facility for you to email us any questions. Click on the "Ask Marcus Today" button in the newsletter or below - Ask us anything:

A FEW SEATS LEFT AT OUR BEGINNERS COURSE IN MELBOURNE TOMORROW - BOOK NOW

We are holding a Beginners Education Course tomorrow 9th March in Melbourne called "An Introduction to Finance and the Stock Market with Marcus Padley". We have increased the numbers from 30 to 60 to meet demand. THERE ARE A COUPLE OF SEATS LEFT if you want a last minute opportunity at some quality education BUT YOU NEED TO ACT QUICKLY. Click the link below if this is for you (or someone you know (last minute gift!)). It costs $199 and for that you get:

  • An entertaining three and a half hour financial education ($199)
  • Lunch ($30)
  • Time with Marcus (Priceless)
  • A one year AIA Membership ($135)
  • A one month subscription to the Marcus Today Newsletter ($75)
  • Marcus's Book ($39.95)

Total value $478.95.

The AIA has endorsed the course. There is no lower age limit and the day is appropriate for anyone looking to learn stuff I wish I had learnt in my early days. It addresses a host of issues including some financial basics, Life and Money, Rich Dad Poor Dad, how people get rich, your Super and how to get started in the Stock Market.

It will be held at the RACV Club, Level 2 from 8:30am for a 9:00am start. It finishes at 12:30pm with light lunch until 1:30pm.

If you would like to book click on THIS LINK or call Nikki on 0458 009 821 or email her at education@marcustoday.com.au

If you can't make it...send your friends, spouse, kids!

Check out all of the Education Event dates & more details including Active Investor Seminars as well here!


Advancers and Decliners

  • MSB -7.33% slight broker downgrade on interest costs.
  • WTC +5.09% buyers return.
  • DMP +3.48% buy back and CBA lodge substantial.
  • ALU +5.02% half yearly accounts.
  • COE -4.69% sell off on falling oil price.
  • FLT -2.14% NAB cancels contract.
  • SPZ +7.58% directors interest.
  • IEL -1.05% profit taking.
  • AYS -9.39% selling continues.
  • QBE +0.31% sells stake in AUB +1.03%.
  • TGH -7.37% earnings update.
  • NBL +8.37% good volume buying.
  • SUN -0.72% sale of interest in Tower.
  • QUB +2.17% no ACCC opposition for MC acquisition.
  • BSL -0.63% tariff optimism.
  • Speculative stock of the day: Immuron (IMC) +64.91% positive results in NASH trials. Oral IMM-124E significantly reduces LPS helping with liver inflammation.
  • Biggest risers – IPH, AJM, GMA, WTC, ALU and AX1.
  • Biggest fallers – MSB, CIA, COE, VRL, AGI and FLT.

TODAY

  • Mantra (MTR) +1.16% The ACCC announced that it will not oppose Accor’s takeover of Mantra. In a statement, it said ‘The combined Accor-Mantra will still compete with other international and national hotel chains, as well as many independent hotels and accommodation providers...and will have a large number of properties in some areas, particularly in certain holiday destinations in Queensland. However, in each case and after a detailed review the ACCC has found that there are also sufficient other options nearby for visitors which will provide competition to Accor-Mantra’.
  • Suncorp (SUN) -0.72% Subsidiary Vero Insurance, has sold its 19.99% stake in Tower for 80c per share to Bain Capital. The divestment follows the New Zealand Commerce Commission’s decision to decline the application by Vero to acquire 100% of Tower.
  • Northern Star Resources (NST) +1.36% Has acquired Westgold Resources’ South Kalgoorlie Operations for A$80m. The acquisition comprises the project’s operating processing facility, which has an annual throughput capacity of 1.2mt, a JORC resource of 4Moz, including 250,000oz in reserves, and 800sqkm of prospective gold tenure. NST will pay Westgold (WGX) 9.5m NST shares at 630c per share, and A$20m in cash.
  • Caltex (CTX) -0.69% Current Chairman of Cleanaway Waste Management, Mark Chellew has been appointed to the Caltex Board as a non-executive director.

ECONOMIC NEWS

  • In trend terms, the balance on goods and services was a surplus of $94m in January 2018, a decrease of $55m on the surplus in December 2017.
  • In seasonally adjusted terms, the balance on goods and services was a surplus of $1,055bn in January 2018, a turnaround of $2.201bn on the deficit in December 2017.Positive result.

BOND MARKETS

ALL ORDS SECTOR SUMMARY

ALL ORDS TOP MOVERS

ALL ORDS BOTTOM MOVERS

ASX 200 SECTOR SUMMARY

ASX 200 TOP MOVERS

ASX 200 BOTTOM MOVERS

ASIAN MARKETS NEWS

  • Japan's economy expanded at an annualised rate of 1.6% in the final three months of 2017, revised up from a preliminary estimate of 0.5% growth due to an upward revision to capital expenditure, the Cabinet Office said on Thursday. The revised gross domestic product figure compared with the median estimate of 0.9% growth in a Reuters poll of economists.
  • The Financial Services Agency in Japan has issued 'business improvement' orders to seven cryptocurrency exchanges as it launches a crackdown in the wake of a US$500m raid at one of the largest operators, Coincheck.
  • China’s Foreign Minister Wang Yi vowed a “justified and necessary response” to any efforts to incite a trade war.
  • China's February exports rose 44.5% from a year earlier, compared with analysts' median forecast for a 13.6% increase, and an 11.1% gain in January.
  • Imports grew 6.3%, the General Administration of Customs said, missing analysts' forecast for 9.7% growth, and down from a sharper-than-expected 36.9% jump in January.
  • Exports rose 24.4% on-year in Jan-Feb, much better than 10.8% in December and 4% growth in Jan-Feb last year.

  • Coca-Cola is about to launch its first alcoholic drink in Japan.

EUROPE AND US MORNING HEADLINES

  • U.K. home prices were unchanged in February. Sluggish wage growth, high house prices, the prospect of higher interest rates and the decision to leave the European Union are undermining demand for property in the U.K.
  • US winter storm forces mass cancellations of flights on east coast.
  • US Steel is planning to restart steelmaking in Illinois. Tariffs working already.
  • ECB Policy meeting tonight.

MARKET MAP



View More Articles By Henry Jennings

Henry Jennings has been involved in financial markets for over 35 years as both a trader and a broker in London and Sydney.

Starting his career in London trading derivatives and moving to Australia in 1989, Henry eventually settled at Macquarie Group, rising to become a Divisional Director responsible for Equity Trading in Australia. For the last decade, Henry has been involved in private client broking and now writes exclusively for the renowned financial newsletter Marcus Today. Henry regularly appears on ABC TV and Sky Business as a market analyst, commentator and strategist and has presented at various conferences most recently for the AIA on the Gold Coast.

To gain further insights from Henry Jennings, Marcus Padley and the Marcus Today team of analysts, click here to register for a free trial of the Marcus Today daily newsletter.



Important note: Any financial product advice contained in this email is general financial product advice only and does not take into account any one person's objectives, financial situation or needs. Therefore, before acting on any financial product advice in this email, you should consider, with or without the assistance of an independent adviser, the appropriateness of the advice, having regard to your objectives, financial situation and needs.
 

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