Company Overview: Jumbo Interactive Limited (ASX: JIN) is an Australia-based digital retailer of official government and charitable lotteries. Karoon Energy Limited (ASX: KAR) operates as an oil and gas exploration and production company in Australia, the United States of America, and Brazil. Kalkine’s Inflation Report covers the Investment Highlights, Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on these two stocks.

Section 1: Introduction

Section 2: Investment Highlights & Summary Table

Section 3.0: Key Metrics in Pictures

Having looked at the key financial ratios above the below sections provide an in-depth fundamental, and technical analysis on these two ASX-listed stocks along with respective recommendations, technical support and resistance levels and indicative stop-loss.

Section 4: Jumbo Interactive Limited (ASX: JIN) (‘Speculative Buy’ at AUD 15.89 closing market price per share as on 18 July 2024)

Section 5: Valuation and Recommendation Summary

The stock has witnessed a decline of ~4.7% in the last one month, whereas over the last nine months, it has increased by ~9.9%. The stock has a 52-week low and 52-week high of AUD 13.12 and AUD 18.29, respectively, and is currently trading slightly above the average of 52-week high-low average. JIN was last covered in a report dated '10 July 2024'.

Section 6: Karoon Energy Limited (ASX: KAR) (‘Hold’ at AUD 1.895 closing market price per share as on 18 July 2024)

6.1 Company Details, Business Updates, Key Risks & Outlook

Section 7: Valuation and Recommendation Summary

The stock has witnessed a decline of ~14.7% in the last three months, and over the last nine months, it has decreased by ~28.6%. The stock has a 52-week low and 52-week high of AUD 1.620 and AUD 2.708, respectively, and is currently trading below the average of 52-week high-low average. KAR was last covered in a report dated '6 June 2024'.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 18 July 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.