AMP
AMP is likley to deliver imroved earnings growth in FY24 & FY25.
AGL
AGL Energy is now above the 10-day average following strong earnings results with both electricity and gas portfolio margins exceeding expectations.
FY24 guidance narrowed to the upper end with underlying EBITDA now $2,025m-2,175m (from $1,875m to $2,175m).
ASX200 Trade Table: Monodelphous Group
Monadelphous Group is up 2.3% after 5 days.
ASX200 Trade Table: Weebit
Weebit Nano is 3.8% after 5 days.
AGL Energy
AGL Energy is a high-risk counter-trend trade. Watch for the price action to cross above the 10-day average.
Downer EDI
Downer EDI continues to trade higher and the stop loss can be lifted to $4.11
IGO
IGO may have created a new pivot low at $6.75
Iluka
Iluka Resources has a new higher low formation, the stop loss on a new trade entry will go at $6.79
Palantir
PLTR:NYS shares were more than 30 per cent higher after the company reported big demand for its artificial intelligence technology and gave a higher-than-expected profit outlook for 2024.
Wedbush Securities called Palantir “an undiscovered gem and a core part of our thesis in the AI Revolution just now taking shape across the tech world”. Wedbush said it believes Palantir is on track to be included in the S&P 500.
FY 2023 Highlights
- Revenue grew 17% year-over-year to $2.23 billion
- Commercial revenue grew 20% year-over-year to $1.0 billion
- US commercial revenue grew 36% year-over-year to $457 million
- Government revenue grew 14% year-over-year to $1.2 billion
- GAAP net income of $210 million, representing a 9% margin
- GAAP income from operations of $120 million, representing a 5% margin
- Cash from operations of $712 million, representing a 32% margin
- Adjusted free cash flow of $731 million, representing a 33% margin
- Adjusted income from operations of $633 million, representing a 28% margin
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