Pavan Sharma

Closer to home, the RBA’s policy update yesterday turned out to be fairly routine, with rates guidance unchanged and the Bank reiterating that conditions for a hike were not likely until 2024 at the earliest.

As we have discussed previously, financial stocks  all else equal benefit from higher interest rates as it improves bank interest margins. 

Global markets were higher on Monday (S&P 500 index +2.4%) as bond markets calmed after a month-long selloff.

ANZ is trading at around its pre Covid levels now. ANZ stock began its uptrend in September 2020 when it was around $16.47.

CGC shares have been on the rise since June 2020. The chart shows that the support zone is between $4.20 to $3.80. We have a long-term conviction on the stock and believe it will return to its glory in the long term to $7.20.

TLS was trading at $2.65 in October. From the peak of $3.94 in February to the lows of $2.65 in October created a huge opportunity equally for the dividend income seekers and capital growth chasers.

Global markets were mixed on Friday (S&P 500 index -0.2%) helped by a rise in economy-sensitive cyclical sectors, with the S&P 500 and the Nasdaq on track to end the week on a dull note as investors rotated out of technology-related companies.

Shares of Apple, Microsoft, Alphabet, Tesla, and Amazon resumed their slide from the previous week, with Tesla suffering the biggest hit, down -8.5%.

SUM has rallied but is still our top pick in the retirement village sector, providing better value than Ryman