ASX 200 edges higher despite consumer stocks chaos as Bapcor and Woolies belted
This time of the year is notorious for third quarter updates as well as company's looking to massage market expectations ahead of EOFY.
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It appeared to be a quiet day for the S&P/ASX200, but there was plenty going on under the surface.
This time of the year is notorious for third quarter updates as well as company's looking to massage market expectations (read as coming clean on poor performance) ahead of end of financial year reporting.
Today, Bapcorp (ASX: BAP) (-24%) got bapped, and Woolworths Group (ASX: WOW) (-4.2%) got, um, woolied? Either way, each was belted on the back of worse than expected trading updates.
Gold stocks bounced back, but really only very mildly from two days of their own beltings, and uranium stocks continued their winning ways. For everything bubbling beneath the surface of today's trade...
Let's dive in!
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
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