Global markets retraced overnight after Donald Trump moved to re-introduce tariffs on steel and aluminium from Argentina and Brazil. The latest tariff development outweighed bets the US and China were close to signing the first part of a trade deal. Disappointing US manufacturing data also weighed on markets, although the forward looking portion of the manufacturing survey remain solid.
Stock in Focus: Select Harvests (SHV:ASX)
Select Harvests jumped after a successful year the nut grower attributes to a bigger than expected almond crop, firmer prices and the shrewd navigation of an expensive water market. The company delivered operating earnings of $95.2 million and a net profit after tax of $53 million. This compares to operating earnings of $51.7 million and NPAT of $20.4 million in the 2018 financial year.
After what has been a challenging three-year period for SHV, things are sta...
