ASX200 Trade Table
We’re seeing an increase in the number of holdings in the ASX200 Trade Table.
US Earnings
Monday, February 26 – Workday, Li Auto), Domino’s Pizza, and Zoom Video.
Tuesday, February 27 – Lowe’s, American Tower, AutoZone, and eBay.
Wednesday, February 28 – Salesforce, Royal Bank of Canada, Baidu, HP, and Snowflake.
Thursday, February 29 – Anheuser-Busch InBev, Toronto-Dominion Bank, Dell Technologies, and Autodesk.
Friday, March 1 – Plug Power and fuboTV.
Australian Ethical Investments
Australian Ethical Investment is under Algo Engine buy conditions.
Australian Ethical Investment Ltd is an Australia-based company engaged in the operating segment of Funds Management. The company is involved into acting as the responsible entity for a range of public offer ethically managed investment schemes and to act as the Trustee of the Australian Ethical Retail Superannuation Fund (Super Fund). The products of the company are Super, Managed funds, ETF and Pension.
Ramelius Resources
Ramelius Resources solid 1HFY24 earnings, NPAT for 1HFY24 of A$41m. The result was solid with a slight beat in underlying EBITDA. RMS retained its recently upgraded FY24 guidance.
Iluka 2023 Earnings
Iluka Resources reported 2023 underlying EBITDA of $609mn & NPAT of $343mn, a strong beat vs consensus.
An update was provided on the mineral sands market, major projects including the rare earth refinery, and 2024 guidance. The zircon market is showing signs of further improvement, with ILU’s contracted zircon sand sales in 1Q24 now up nearly 100% to ~45kt.
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Nvidia Q4 FY24 results
Investors will closely watch the results of artificial intelligence darling Nvidia, which is due to report on Wednesday.
Data center related product revenues make up 80.1% of the overall revenue mix. NVIDIA is trading at near-peak market capitalization levels at $1.8 trillion. However, its 1-yr fwd PE levels are near 5-yr trough levels at 36.8x.
NVIDIA’s has 2 key product segments: Graphics; which primarily relates to graphics processing units (GPU)s used in gaming, and PCs Compute & Networking; which includes chips used for high performance computing in data center, networking, automotive, robotics and also special-purpose cryptocurrency mining uses.
The key growth driver for the company right now is in the Compute & Networking segment, which has seen an explosion in growth:
Pro Medicus
Pro Medicus is among the best growth companies on the ASX.
Revenue from contracts with customers for the 6-month period increased from $56.89m to $74.11m, an increase of 30.3%.
The Company reported a first-half after-tax profit of $36.25m, an increase of $9.06m (up 33.3%) compared to the same period last year
Karoon Energy
Karoon Energy has the correct trade setup and the stop loss will go at at the higher low formation.
Bluescope Steel
BlueScope Steel announced underlying EBIT of $718m in 1H FY24, (beat consensus), and at the top end of guidance of $660m.
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