AFTER THE MARKET OPEN
- Strong day for the market so far with a bounce in resource as suggested this morning.
- H1FY24 result from Cettire (ASX:CTT) has been received positively with the stock is currently up 23% to $3.90
- Catapult (ASX:CAT) is currently flat although was up earlier on the back of their positive news. While it is good they have won some new subscribers, no dollar values were included so this will always lessen the impact of such announcements.
BEFORE THE MARKET OPEN
- Our market futures are up mainly due to falls in the US 10 Year Bond Yield and $USD overnight. The US markets were up a little. Good to see small cap stocks had a good night represented by the Russell Index.
Source:Â https://stocksunderthehood.com/free-resources/us-sector-performance/
- Resource stocks have been smashed in the last few days. They will lead the bounce today. Copper, Iron Ore, Oil, Zinc, Lithium stocks and Gold stocks were all up overnight.
Catapult (ASX:CAT)
https://www.catapult.com/
- A positive announcement for Catapult (ASX:CAT). It’s not a game changer announcement but it’s nonetheless another feather in their cap.
- Catapult (ASX:CAT) is a story that has been in the making for a very long time. The company has promised that they are finally about to start converting their immense potential into $$$.
H1FY24 result Cettire (ASX:CTT)
https://www.cettire.com/au
- Cettire (ASX:CTT) half-year results are out this morning. Here is a retailer growing revenue at 89% Y.O.Y. with revenues of $354M from holding less than $5M in inventory and $100M in the bank! This is what growth investors get excited about.
- I can see why they have decided to announce early in the month – they want to stand out from the crowd. Mission accomplished (from the AFR).
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.