Going giddy for guidance 🤩
Top of the pops was JB Hi-Fi with early metrics outpacing analyst estimates, the share price closing up 7%. The update from Data#3 was a beat compared with October guidance, and it closed up over 13%. At the other end a big miss in Redbubble’s update, the share price slashed by over 20%. As the EV wave consumes 2022, Liontown added 6% (Henry Jenning's buy today,) a beacon for the in-demand lithium sector. Cancer drug company Imugene gained 7% on a broker upgrade. The slump in weekly ANZ consumer confidence was eye-watering, let’s hope an upbeat employment report later in the week stems the bleeding. Today’s price action on the whole was firmly in the directionless basket, the ASX200 closing down 8 points or 0.1%.
Our top three VODs:What 'a kettle of hawks' means for stocksThe uranium supercycle is not over yetA decade of opportunities: Monik Kotecha’s two big tech big buys
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