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Need 4 Speed Read - ASX Report - 19/12/22

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 Invest platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
Tina Teng - @Tinateng_CMC
CMC Markets ANZ - @CMCMarketsAUSNZ
CMC Markets Singapore - @CMCMarketsSG
CMC Markets Canada - @CMCMarkets_CA

Trading Idea of the Day
 

NYSE:MO - Altria Group Inc - (BULLISH - long term & BULLISH - short term)

  • Key levels on the chart - consider taking trades from key support/resistance zones. 
  • With increased health awareness, tobacco usage has relatively declined over the years as smokers continue to quit. However, the U.S. remains a leading tobacco producer globally. Moreover, in 2022, the value of the global tobacco market amounted to around $912 billion.

  • The lockdown-induced stress has also led to increased consumption among many, and the industry is benefiting from this new habit. Companies spend substantially on marketing campaigns that have produced considerable results and help in remaining competitive.

  • Moreover, amid rising awareness regarding the ill effects of its consumption, new nicotine products, also referred to as Next-generation Products (NGP), are being introduced that are significantly less harmful than conventional products. The global tobacco market is expected to expand at a CAGR of 2.4% from 2022 to 2030.

  • In addition, tobacco leaves are relevant for several medicinal purposes. Also, organic tobacco usage has gained substantial popularity over the past years. According to Report Ocean, the global tobacco market is projected to grow at a CAGR of 6.7% until 2027.

  • On October 27, 2022, MO signed a strategic alliance with JT Group. This collaboration is expected to expand MO's current tobacco product offering.

  • MO has paid dividends for 52 consecutive years. Over the last three years, MO's dividend payouts have grown at a 3.96% CAGR. While MO's four-year average dividend yield is 7.35%, its current dividend translates to a 7.89% yield.

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: Alphabet shares jump 5% after nuclear fusion breakthrough

Podcast of the Day: Pedro Palandrani on Global X’s Long-Term Approach to Thematic Investing
 

APAC Daily Report


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

Market Snapshot & Highlights as of 8:00am AEDT


EXPECTATIONS: Energy LOWER (lower oil prices) & Materials LOWER on overall lower 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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