The ASX 200 (XJO) is trading at around 8,474, which is up slightly by +0.06%. Overall, the market is flat but slightly positive.Not strongly bullish or bearish, just steady.
2. Overnight US Markets:
The US market had a weak session:
S&P 500:-0.83%
Dow Jones:-1.07%
NASDAQ:-1.21%
Russell 2000:+0.62%
This weakness in the US usually weighs on the ASX, especially our tech and financial stocks.
3. US Sector Performance:
Winners:
Energy: +0.61%, Healthcare: +0.54%, Real Estate: +0.36%
Losers:
Consumer Discretionary: -2.50%, Information Technology: -1.68%, Industrials: -0.48%
Tech and consumer discretionary stocks were hit hardest. This is important because ASX tech names often follow the US tech sector, so expect some pressure locally.
Nvidia, one of the world’s most influential tech companies, reports results tomorrow morning (US time).
Analysts expect a big beat and guidance upgrade.
Options market is pricing in a ~7% move in the stock.
This can heavily influence global tech, including Australian tech names like WiseTech, Altium, Xero.
4. Commodities: A major driver for the ASX
Gold: +0.57% ($4069) Gold miners (like Newcrest, Northern Star) may perform well today
Copper: -0.46% ($4.95) Copper-sensitive stocks (like BHP, Rio, Sandfire) may be slightly weaker
WTI Oil: +1.27% ($60.67) Energy stocks should also see support thanks to higher oil prices.
5. What to Watch Today (ASX Focus)
✔Rotation between sectors-
Money is moving away from high-growth stocks (tech) into defensive sectors like consumer staples and healthcare.
Although they were down, defensive sectors still outperformed the broader market, which suggests investors are becoming cautious. This trend might continue today.
✔Gold doing better than other commodities
Gold is rising, but other commodities like copper/aluminium are at 3–4 week lows.
✔ Oil strength
Energy stocks on the ASX may outperform today.
6. Broker Move:
These are changes made by major investment banks:
Lynas Rare Earths: Upgraded to Buy (UBS & GS), targets raised to $17.80 and $16.60
Sigma Healthcare: Initiated with Buy, target $3.40
Steadfast Group (SDF): Downgraded to Neutral, target cut from $7 → $4.90
Technology One (TNE): Upgraded twice
Morgan Stanley: Overweight, target $36.50
JPMorgan: Upgraded but target cut to $35 from $38.50
These ratings can influence trading activity in those specific stocks.
7. Stocks Trading Ex-Dividend:
Na
8. Earnings Today- Nufarm (NUF) reports today — could move the stock.
Our take at Kapitales Research:
The ASX 200 is slightly up this morning, but overall tone is flat.
US markets were down overnight, especially tech — this may pressure our tech sector.
Defensive sectors are seeing strength as investors rotate out of risky assets.
Gold and oil prices are up, which is good for ASX miners and energy stocks.
Several broker upgrades could drive stock-specific movements.
No ex-dividends today, but Nufarm reports earnings.
Nvidia’s results tomorrow could be a major driver for tomorrow's global market sentiment.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
ASX200 opening flat Indicating a stable day!
1. ASX Outlook-
The ASX 200 (XJO) is trading at around 8,474, which is up slightly by +0.06%. Overall, the market is flat but slightly positive. Not strongly bullish or bearish, just steady.
2. Overnight US Markets:
The US market had a weak session:
This weakness in the US usually weighs on the ASX, especially our tech and financial stocks.
3. US Sector Performance:
Winners:
Energy: +0.61%, Healthcare: +0.54%, Real Estate: +0.36%
Losers:
Consumer Discretionary: -2.50%, Information Technology: -1.68%, Industrials: -0.48%
Tech and consumer discretionary stocks were hit hardest. This is important because ASX tech names often follow the US tech sector, so expect some pressure locally.
Nvidia, one of the world’s most influential tech companies, reports results tomorrow morning (US time).
This can heavily influence global tech, including Australian tech names like WiseTech, Altium, Xero.
4. Commodities: A major driver for the ASX
5. What to Watch Today (ASX Focus)
✔Rotation between sectors-
Money is moving away from high-growth stocks (tech) into defensive sectors like consumer staples and healthcare.
Yesterday on the ASX:
Consumer Staples: -0.20% Healthcare: -0.52% Utilities: -0.74% ASX 200 overall: -1.94%
Although they were down, defensive sectors still outperformed the broader market, which suggests investors are becoming cautious. This trend might continue today.
✔Gold doing better than other commodities
Gold is rising, but other commodities like copper/aluminium are at 3–4 week lows.
✔ Oil strength
Energy stocks on the ASX may outperform today.
6. Broker Move:
These are changes made by major investment banks:
These ratings can influence trading activity in those specific stocks.
7. Stocks Trading Ex-Dividend:
8. Earnings Today- Nufarm (NUF) reports today — could move the stock.
Our take at Kapitales Research:
.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au