Welcome to Momentum Monday.
Reporting season has ended for another year. While there was the usual winners and losers, a huge collective sigh of relief was let go as it wasn’t as disastrous as many may have expected.
The Australian consumer remained resilient in the face of cost pressures so retail was a surprisingly strong sector. Companies that suffered margin compression as expected were hit hard, like many in the mining and healthcare sectors. But as the fear mongers look for their next target, from a general investment perspective, we can remain comfortable that for the minute our companies are flexible enough to adapt to changing circumstances which gives us comfort for the long term.
But keeping with the more simple theme of Momentum Investing, overall the month of August was a positive one. So just on that simple metric alone, it was good.
We have been busily compiling a collection of the constituents in the ASX200 and how they shifted following the reporting season into a report. You should receive the report shortly which shows the gravity of change for every stock in the ASX200. Subsequent to that report, we will discuss the findings in our coming Friday Lunch ‘n Learn session. You can book your spot at the table here or if you can’t make it, register and we will send you a copy even if you cannot attend.
We do not make these sessions available in the program as they are for member’s eyes only and we do not want the general public to access them.
The content for this week's edition is as always:
Broader market sentiment
Member corner
Stocks in the “Shine Zone” (including changes)
52 week high screen (including changes)
We are always open to suggestions on how to make this contribution better, so if you have any, please feel free to write them in the comments below. All comments to date have been noted so thank you.
A reminder that you don’t have to read all this contribution. Simply scroll to the area of interest.
Broader Market Sentiment
We look at the direction of both the US and ASX markets to gain an understanding of the broader sentiment at the minute. It is important to stress here that…
