Good Morning,
So…..
Hawthorn won by 1 point against Collingwood and finished in the top 4…..
Do we deserve to be there?
Not really….
Do we need to lift or game if we want to win our 4th flag in a row….
Absolutely….
Eagles & the Swans are the “in form” sides to beat in the finals… but it will be a fierce fight…
On markets, keep an eye on Family Zone (FZO), which is debuting on the ASX today. Peak is an early stage investor in the business and we feel that not only “parental controls” and “cyber security for kids” is important, the company at a $10M market capitalisation seems “undervalued”, if it can start to show some strong distribution partners and build-up revenues….
One to watch!
So what can we expect this week?
3PL, BDR & PRU (all report their earnings today) while SGH & MQA (tomorrow) and ABC & VTG(Wednesday) are the ones to keep an eye on this week
Just like the Olympics, the AUS reporting season is coming to a close……
So what will be the key catalysts to drive us higher?
US personal income & spending data (Tonight), AUS manufacturing & retail sales (Thursday) and the big one…. US employment figures (Friday) …. Will be key.
If the data is stronger than expected, then US interest rates “may” rise this year……
And if interest rates do rise, it is may be time to lock some profits as we expect markets to fall as asset prices fall.
With 125 of 195 companies having reported earnings so far, total earnings for the index have been 12.4 per cent below where analyst consensus estimates were expecting. It's only the energy and materials sectors that have managed to beat consensus estimates.
The SPI is down 4 points this morning
Niv Dagan is an Executive Director of Melbourne based boutique funds management and corporate advisory firm, Peak Asset Management (www.peakassetmanagement.com.au). He is also a regular financial commentator on Sky Business
By Niv Dagan
