the COB: too low for zero 🚩

A strong US finish gave local investors confidence to wander back into the market. Yesterday’s unloved tech was a buy, especially Block after a profit beat, closing 33% higher and resting comfortably at the top of the ASX200 ladder. Investors took profits on Aussie goldies, while rare earths, lithium etc caught a bid after stellar results from Lynas - boosting that share price by 8%. Reporting season updates saw investors embrace Adbri, but double-digit falls in BWX and Bravura stock prices reflected poor reports. Brambles’ supply constraint-riddled update saw its share price close slightly weaker. The bottom of the ladder belonged to Blackmores as brokers downgraded the company after yesterday’s update. Magellan’s woes continued, closing down nearly 10% as funds continue to desert the group. Kogan’s update saw it slammed by 9%. As small caps jumped and the big end of town retreated, the S&P/ASX200 ended the day up a measly 0.1%.Our top three VODs are:Lazard's Australian reopening stock picksWilsons: Ukraine noise is a signal to buy the dipCatalysts for change; why active strategies are required Hosted on Acast. See acast.com/privacy for more information.