Trade the News: SMPH readies P10-billion stock buyback program
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Market participants will monitor possible continuity of yesterday’s supply pressure, although several might be prodded to position on dips in select stocks with prospective good spins for 4Q.
Our stock picks for the week
Attention is on continuity of the local bourse’s ascent, as some might be prodded to seize on this strength to cash-out, pending latest US inflation data later this week.
Subdued sessions may persist, as investors heed for signs of accumulation in select large caps, as well as improved turnover.
LTG is trending strong! YTD, LTG has jumped by +14.92%, and is likely to continue its uptrend in the short- to medium-term as it trades above all its MAs.
The PSEi bounced back from the 6,600 level despite heavy foreign selling and rose by 1.74% w/w, closing at 6,724.14 (+115.29).
Improved chances for the Fed to lower its widely-watched interest rate would be the main theme this week, which may be seconded by possible follow-through rate cut from the local central bank.
CNPF continues its climb trading above all its moving averages despite having declined by -1.30% intraday.
ICT continued to trade below its 50 and 100-day MAs, declining by -2.53% intraday.
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