1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key points:
Insights into April's market performance and potential May trends Earnings highlights for Microsoft, Meta, and impacts on tech stocksAnalysis of local market movements and sectors to watch, like banks and mining
Greg Boland from Tiger Brokers reflects on April's market fluctuations, noting a slight decline in the S&P 500 but raising questions about the 'sell in May and go away' adage. He highlights possible deals discussed by Donald Trump, with India potentially at the forefront.
Greg observes positive earnings from Microsoft (NASDAQ: MSFT) and Meta (NASDAQ: META), with both stocks exceeding earnings expectations and showing strong aftermarket performances. He notes that Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) are expected to benefit from this momentum, with Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) also seeing gains.
Locally, Greg mentions the Australian market's rally, paralleling the US trend. He sees opportunities in banking due to strong reports, though the mining sector may face challenges from reduced Chinese demand. He remains hopeful for a stable market recovery in the near term.
