Pavan Sharma

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

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.

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.

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.

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

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