Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Key Points: Value related names are improving vs. the previous momentum/growth areas of the market. Many areas that have underperformed are now showing leadership characteristics. Many banks and thrifts have developed bullish ascending triangles and are hitting multi-month RS highs. (ex. WFC, CIT, CMA, KEY, WBS, FITB, HWC, HBAN, FHN, and WD) Consumer Discretionary is reversing price and RS downtrends and we believe the laggards and those that were subject to Covis-19 closings are going to show n...
Bulls Remain In Control It is hard to believe the market is within reach of its prior highs considering everything that has transpired this year: rioting/looting, a global pandemic, historic unemployment levels, and rising US-China tensions. The market is looking past these concerns in favor of the positives, namely: historic fiscal and monetary support, reopening the economy/flattening the curve, COVID-19 vaccine/treatment hopes, and low rates. As long as the breakouts that we highlighted last...
In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.
The independent financial analyst theScreener just awarded an improved star rating to ELDORADO RESORTS INCO. (US), active in the Gambling industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. Given its market behaviour as risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Slightly Negative; the title, however, remains unattractive. As of the analysis date May 1, 2020,...
Still Bullish, But With Reservations And just like that, the S&P 500, Nasdaq, and the Dow have reclaimed new highs despite ongoing coronavirus concerns, as a buy the dip strategy has paid off. Primarily responsible for new highs in these indexes is Technology (esp. software and semis/semi suppliers) and FAANG stocks. While these areas all remain bullish, we still have some reservations due to the massive disparity in performance between them and the Materials (XLB, XME) and Energy (RYE) Sectors...
Waiting on Small-Caps This market continues to be dominated by signals that suggest we are in the early stages of a new bull phase, which we discuss below. At the same time, small-caps continue to be one area of the market that gives us some reason for pause as neither the Russell 2000 or S&P Small Cap 600 indexes have been able to make bullish price or RS inflections. • Small-Caps Still Below Resistance. The major US large- and mid-cap indexes have all decisively broken out to either all-ti...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
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