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Need 4 Speed - ASX Report - 28/09/22

ASX Trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
CMC Markets - @CMCMarketsAUSNZ

Trading Idea of the Day

NYSE:BBY Best Buy - BULLISH BIAS

  • A declining Yen makes Japanese electronic goods more appealing.
  • Electronic goods retails in the US eg) Best Buy, can import a higher volume of these electronics as USD strengthens and Yen declines, providing them more purchasing power,
  • Profit margins on these goods may see an uplift and should help to offset some of the impacts caused by tougher economic conditions.
  • Although two key risk factors involve over-purchasing and keeping excess inventory in storage and also the potential reduction in consumer demand.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: Cineworld lags meme stocks Bed Bath & Beyond and BlackBerry
Podcast of the Day: OPTO Sessions Inside Callum Thomas’ Topdown Charts analysis process 

APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy HIGHER (higher oil) & Materials LOWER on falling base metal prices.

Global Markets Headlines

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)


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