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Glenn Dyer
Buffett Still Has A Taste For Apple
Added On - 8/15/2018 11:20:12 AM
Berkshire Hathaway has confirmed it loaded up on more shares of Apple in the three months to June, adding around 13 million and confirming that it is now the single largest holding in a portfolio worth more than $US195 billion at the end of the second quarter, and more than $US200 billion now.
Global Investors Maintain Tech, Home Bias
Added On - 8/15/2018 11:18:58 AM
No sign of any pullback by big global investors, more a redirection of focus to America in the latest Bank America Merrill Lynch (BAML) survey of big global investors.
Domino's Fails To Deliver
Added On - 8/15/2018 8:04:33 AM
Investor unhappiness with the performance of Domino's Pizza returned to the ASX yesterday when the company missed sales and profit guidance and saw the shares lose more than 12% of their value at one stage.
Investors Deaf To Cochlear Growth Story
Added On - 8/15/2018 8:04:26 AM
No thumbs up from investors yesterday to the 2017-18 annual result from Cochlear, the hearing implant pioneer.
July China Data Disappoints
Added On - 8/15/2018 8:04:18 AM
More signs that business activity in China is weaker with lower than expected readings for July on investment and retail sales, while industrial output remains moderate.
Business Conditions Wane In July
Added On - 8/15/2018 8:04:05 AM
First it was the labour market which has been showing signs of slowing levels of activity and growth in 2018, now its the monthly survey from the National Australia Bank is starting to throw up hints that the solid level of activity across most of the economy is ageing.
Compliance Costs Bite As NAB Provides Mixed Q3 Update
Added On - 8/14/2018 12:50:37 PM
Investors noted the mixed nature of the third quarter trading update from the National Australia Bank and sent the shares up 1.5% to $28.37 around midday, ignoring all the poor publicity from the royal commission.
Whitehaven Doubles Down With Second Special Dividend
Added On - 8/14/2018 12:21:55 PM
NSW-based Whitehaven Coal boosted net profit by nearly 30% in the year to June and will reward shareholders with a special dividend. for the second year running.
Trump Tariffs Boost BlueScope Steel
Added On - 8/14/2018 3:17:37 AM
BlueScope Steel is looking into whether it should boost its US steelmaking capacity by up to just under million tonnes to take advantage of President Trump's tariffs on imports of steel into America.
Domain Swings To Loss On House Cleaning
Added On - 8/14/2018 2:47:44 AM
Fairfax Media's Domain Holdings has engaged in a little house cleaning in first ever independent annual accounts with millions of dollars of write downs which produced a net loss for the year.
Argo Dividend Unchanged, Warns On Bank Outlook
Added On - 8/14/2018 2:23:49 AM
Shareholders in Adelaide-based Argo Investments Limited will get an unchanged final dividend of 16 cents a share after reporting a full-year profit of $218.9 million for the year to June.
US Court Ruling Adds To Nufarm Woes
Added On - 8/14/2018 2:23:23 AM
It wasn't drought this time but a US court decision which saw Nufarm shares fall 13% yesterday - the second bout of weakness in a month.
JB Hi-Fi Keeps Amazon At Bay, For Now
Added On - 8/14/2018 2:23:13 AM
JB Hi-Fi might have done reasonably well in the year to June, lifting net profit 12% to $233 million from $207 million a year earlier, but competition, which it says intensified in the June half-year looks like hitting its 2018-19 performance.
Wesfarmers Trades In Kmart Tyre & Auto
Added On - 8/14/2018 2:22:48 AM
Ahead of its 2017-18 annual results, due out tomorrow, Wesfarmers has revealed plans to sell its Kmart Tyre and Auto Service (KTAS) business to Germany's Continental for $350 million.
Diary: Turkish Fallout, Oz Jobs, US Retail Sales
Added On - 8/13/2018 8:36:51 AM
The economy, earnings and events in Turkey look like dominating markets here and offshore this week.
BHP Readies For Strike At Escondida Copper Mine
Added On - 8/13/2018 8:36:43 AM
While the stronger US dollar and worries about the stability of the Turkish economy and currency dominated markets last week - copper was again on notice because of growing concerns about more industrial action at BHP's Escondida mine in Chile we warned about last week.
CBA, Magellan Drive ASX Gains
Added On - 8/13/2018 8:36:33 AM
Despite a weak global lead on Friday, ASX 200 futures managed to rise 11 points or 0.2% which points to a positive start to trade this morning.
IEA Report Adds Fuel To Oil Rebound
Added On - 8/13/2018 8:36:27 AM
Oil prices settled higher Friday as a forecast for rising global crude demand, and supply boosts from Russia offset growing concerns about trade tensions and problems in Turkey impacting European and other economies.
Wall St Slips On Turkey Turmoil
Added On - 8/13/2018 8:36:21 AM
Wall Street closed solidly lower on Friday, joining a global equity market selloff, as the mounting currency crisis in Turkey raised the alarm for possible problems for other markets especially in Europe.
Earnings Season: Focus Turns To Telstra
Added On - 8/13/2018 8:36:14 AM
The Australian June full and half earnings season ramps up this week with 43 major companies reporting with attention to focus on the figures from Telstra, CSL and Fairfax.
Newcrest Flags New Writedown
Added On - 8/10/2018 11:18:51 AM
Newcrest Mining has warned of a one-off non-cash earnings impact of $US260 million to $2US70 million in its 2017-18 financial results, due later this month, and confirmed that it cut debt by $US459 million in the year to June.
Special Div As Suncorp Joins Life Insurance Exit
Added On - 8/10/2018 7:19:39 AM
Insurer Suncorp has confirmed it is selling its troubled life insurance business as it reported a slightly lower profits, but handed out a special 8 cents a share dividend to shareholders.
AGL Warns On Peak Power
Added On - 8/10/2018 7:14:59 AM
AGL Energy boosted profit by around 300% according to one measure in the year to June and has started looking for a replacement CEO to allow for an orderly succession when the incumbent Andy Vesey calls it a day.
Revaluations Underpin Mirvac Profit
Added On - 8/10/2018 7:14:48 AM
A subdued reception from the market to yesterday's 2017-18 annual results from property group Mirvac which revealed its third billion dollar result in as many years - thanks to some nice revaluations.
China Inflation Tops Forecasts
Added On - 8/10/2018 7:14:37 AM
Inflation in China edged higher last month as the price of non-food items rose while growth in producer prices slowed for the first time since March.
Trump Bump Drives NYT Subscribers
Added On - 8/10/2018 7:14:24 AM
The Trump bump and all that free publicity from the volatile US President continues to payoff for the New York Times Co, enabling it to report a surprise second half profit of $US24 million.
Steady RBNZ Mirrors RBA
Added On - 8/9/2018 11:51:19 AM
The Reserve Bank fo New Zealand says it will keep its official cash rate at its current 'expansionary level' of 1.75% for 'a considerable period to contribute to maximising sustainable employment, and maintaining low and stable inflation.' And that period could be another two years.
Profit Slips But CBA Dividend Remains Intact
Added On - 8/9/2018 7:58:49 AM
So much for any lasting damage to the Commonwealth Bank from the Hayne Royal Commission or the Austrac debacle.
Tabcorp Back In The Black
Added On - 8/9/2018 7:58:36 AM
As a result capable of showing us how the merger with Tatts is going, the 2017-18 figures from Tabcorp was next to useless.
AMP First-Half Confirms Royal Commission Carnage
Added On - 8/9/2018 7:58:22 AM
Unlike the Commonwealth bank, the AMP showed considerable damage from its time being pulled apart by the Hayne Royal Commission.
"Truly Incredible Find" Sends Carnarvon Shares Running
Added On - 8/9/2018 7:57:57 AM
Shares in Carnarvon Petroleum re-listed yesterday after a couple of days of suspension to allow an update of the oil strike in an exploration well in northwestern WA coastal waters.
Tariff War Fails To Dent China Trade
Added On - 8/9/2018 7:57:50 AM
A solid set of trade figures from China for July with some small signs that the impact of the trade war with the US is having an impact - but not very much.
CBA Dividend Higher Despite End To Profit Run
Added On - 8/8/2018 9:25:02 AM
Lower bad loan impairment costs, rising interest income from repricing home loans and cost controls that helped the CBA in the year to June 30.
Iron Ore Sneaks Back Up Over $US70 A Tonne
Added On - 8/8/2018 9:24:52 AM
Global iron ore prices are approaching $US70 a tonne for the first time in six months - despite the prices of other commodities such as metals led by copper sliding.
Clouds Gather Over RCR Tomlinson
Added On - 8/8/2018 9:24:42 AM
RCR Tomlinson must be in a bad way as it battles to sought a problem contract that could cause material financial pain.
WestConnex Roadblock Overshadows Transurban Results
Added On - 8/8/2018 8:29:27 AM
The solid annual results from Transurban yesterday sank like a stone so far as investors were concerned - not because they were boring but because the bigger story remains whether the company will be blocked by the competition regulator from being involved in the purchase of Sydney's WestConnex toll road project under construction by the NSW government.
GraysOffline As Eclipx Group Poleaxed
Added On - 8/8/2018 8:29:20 AM
Shares in sales financing and fleet management firm Eclipx Group plunged more than 40% yesterday in response to a significant earnings downgrade slipped out late on Monday evening well after trading had closed for the session.
Is The Worst Behind Navitas?
Added On - 8/8/2018 8:29:14 AM
A bit of a relief rally in shares of adult education provider Navitas yesterday as the company revealed the widely forecast loss after warning of higher restructuring costs and write-downs related to the closure of two US colleges and an Australian division.
Investors Cool On Amcor Dual Listing
Added On - 8/8/2018 8:29:07 AM
Investors gave the thumbs down yesterday to the move by Australian packaging giant Amcor to buy US-based rival Bemis Company in a $US6.8 billion ($A9.2 billion) all - paper deal and shift its main stock exchange listing to America.
RBA Chalks Up Two Years On Hold
Added On - 8/8/2018 8:28:58 AM
The Reserve Bank has kept the official interest rate on hold at a record low of 1.50% for a 24th month - two years exactly since it cut the cash rate to its present level.
Seek Set To Find A Slower Year
Added On - 8/7/2018 8:31:39 AM
While Online jobs site Seek told the market yesterday that expects to report full-year earnings and revenue at the top end of its guidance range - despite revealing three significant items totalling $142 million - investors just didn't believe the positive spin and sent the shares down 9% at one stage.
Fortescue Stake Still Key To Atlas Deal
Added On - 8/7/2018 8:31:32 AM
Fortescue Metals Group has retained enough shares in Atlas Iron to enable it to frustrate Gina Rinehart's Hancock Prospecting from moving to 100% control of Atlas.
Restructuring Vicinity To Setup New Fund With Keppel
Added On - 8/7/2018 8:31:16 AM
Shopping centre group, Vicinity will get rid of another $1 billion of marginal Australian shopping malls to a joint venture it is setting up with Singapore investor, Keppel Capital to manage a new wholesale property fund - Vicinity Keppel Australia Retail Fund (VKF).
Amcor Boxes Up Bemis Deal
Added On - 8/7/2018 8:31:10 AM
Melbourne-based global packaging company Amcor has requested a trading halt, pending an announcement about an acquisition.
Accounting Delays Dent AVJennings
Added On - 8/7/2018 8:00:54 AM
Shares in homebuilder, AVJennings fell 1.4% yesterday after the company produced what amounts to an earnings downgrade for 2017-18 ahead of the release of the full year results later this month.
ASX Futures Higher As Shares Await Earnings Test
Added On - 8/6/2018 9:16:16 AM
The ASX is looking for a bright start later this morning despite ending a downbeat series of trading session last week that saw the ASX 200 close 1% lower.
US Shares Post Fifth Consecutive Weekly Advance
Added On - 8/6/2018 9:16:04 AM
So where to for Wall Street after Apple Week last week?
Growth Bellwether Copper Hits The Skids
Added On - 8/6/2018 9:15:58 AM
What message are copper prices sending - down more than 19% in the past two months since the four and a half year high on June 7?
Earnings Season: All Eyes On CBA Result
Added On - 8/6/2018 9:15:53 AM
The Australian June half earnings reports will move into second gear this week with 15 major companies reporting - the most important by far (and for the entire season, perhaps) being the Commonwealth Bank on Wednesday.
Diary: RBA, RBNZ, Japanese GDP
Added On - 8/6/2018 9:15:46 AM
A big week for the Australian and New Zealand economies with their central banks due to hand down monetary policy decisions - but don't expect any moves.
Amcor Tipped To Buy US Packaging Company
Added On - 8/6/2018 9:15:40 AM
Media reports say Amcor could announce a multi-billion dollar takeover in the US today.
No Buyback But Buffett's Berkshire Profit Surges
Added On - 8/6/2018 9:15:31 AM
No sign of any buyback and no announcement of one by Warren Buffett's Berkshire Hathaway in a June quarter financial report that revealed a 67% surge in profit thanks in part to new accounting rules and better returns from its insurance, rail, car dealerships and industrial operations.
What Next For A Trillion Dollar Apple?
Added On - 8/3/2018 4:15:52 PM
The way Amazon keeps on growing and invading new markets, it is the candidate to overtake Apple. And the next..?
Rio Shares Retreat As Analysts Demand More
Added On - 8/3/2018 7:20:52 AM
Shares in global miner Rio Tinto were sold off yesterday in the wake of the interim result as brokers reckoned the record dividend, buyback (with more to come) wasn't enough.
Gold Loses Glint As Demand Declines To 2009 Levels
Added On - 8/3/2018 7:20:37 AM
The gold market remained soft in the three months to June with global demand again falling in the first six month of the year to its lowest level for nine years, according to the World Gold Council (WGC).
RCR Investors Brace For 'Material Negative' Hit
Added On - 8/3/2018 7:39:37 AM
Something nasty is about to befall engineering contractor and services group, RCR Tomlinson. The company's shares were suspended at its own request this week until August 8 to allow it to do detailed work on an unidentified project that has gone bad.
Buybacks Push Apple To $1 Trillion Market Cap
Added On - 8/3/2018 7:30:51 AM
Apple has become the first company to reach a trillion-dollar market capitalisation overnight, beating rivals Microsoft, Amazon and Alphabet to the milestone which in all truth is just that and nothing more.
US Federal Reserve's Key Decision Ahead Of ECB & BoE Decisions Tonight
Added On - 8/2/2018 8:20:16 AM
The US federal reserve wrapped up its two-day meeting Thursday morning ahead of meetings tonight by two other key central banks - the European Central Bank and the Bank of England.
Weak BWP Trust Result Points To Peak Bunnings
Added On - 8/2/2018 8:20:08 AM
Have we reached 'Peak Bunnings'? ASX-listed BWP Trust, which owns many of the sites occupied by Wesfarmers strongest chain, the hardware group Bunnings stores, may have just gone ex-growth.
Rio Tinto To Pay Record Interim Dividend
Added On - 8/2/2018 8:12:44 AM
Rio Tinto is on track for another record dividend in 2018 after its board approved the largest half year payout in the company's history.
House Prices Continue To Trim Gains
Added On - 8/2/2018 8:12:35 AM
House prices have fallen over the past year after a drop in July - the 9th month in a row prices have dipped according to the latest Corelogic Hedonic Home Value Index shows.
Earnings Turnaround Sees ALS Test Positive For Growth
Added On - 8/2/2018 8:12:20 AM
Shares in Brisbane-based global testing giant, ALS Ltd surged yesterday, adding more than 11% in value after the company's annual meeting heard an upbeat outlook for the first half of the 2018-19 financial year.
BoJ Reists Global Tightening Trend
Added On - 8/1/2018 12:44:03 PM
The Bank of Japan held interest rates steady on Tuesday but moved to add more flexibility to the policy framework for its stimulus programme - moves which saw global bonds rally after 10 days of uncertainty on speculation the central bank would tighten its massive easing program.
New Writedown Provides More Misery For McGrath
Added On - 8/1/2018 12:43:52 PM
More bad news for the listed real estate agency McGrath yesterday with investors warned to expect a bottom line loss of more than $50 million for the year to June 30.
iPhone Sales Ring True For Apple
Added On - 8/1/2018 12:38:45 PM
Apple's sales growth continued to accelerate in the three months to June thanks to stronger than expected sales of its flagship iPhone (especially the costly X model) and sharply higher revenue from services (iTunes etc).
ASX Winners & Losers In July
Added On - 8/1/2018 3:14:10 AM
The Australian sharemarket traded in and out of the red before finishing marginally higher on the last day of July yesterday.
BHP Rally Rolls On
Added On - 8/1/2018 3:14:02 AM
BHP shares traded at a four-year high on the last day of July, reaching a day's high of $34.98 before closing at $34.86 - the highest the shares have been since August 2014, just as global oil prices were starting their big slide.
APLNG Lifts Origin To Record June Quarter
Added On - 8/1/2018 3:13:25 AM
Origin Energy shares staged a modest rise yesterday on the back of news that the company had achieved record production and revenue in the June quarter thanks to higher production from its joint-owned APLNG project and higher oil and gas prices.
Apple Result Looms Large As Tech Giants Wobble
Added On - 7/31/2018 11:39:13 AM
And now it's all down to Apple after the big sell-off in US tech stocks continued for a third session on Monday as investor concern about the sustainability of the megatechs to sustain their momentum.
Dreamworld Slow To Wake From Disaster Downturn
Added On - 7/31/2018 9:36:27 AM
Ardent Leisure says it will suffer an $84 million to $94 million loss for 2017-18, with cuts to the value of Dreamworld theme park in south-east Queensland, plus impairments on its US entertainment centres business hurting the results.
Healthscope Sells Asian Pathology Arm
Added On - 7/31/2018 9:36:20 AM
Private hospital operator Healthscope has responded to the pressure from two unwanted takeover offers from private equity and decided it will sell its Asian pathology business for $279 million to entities controlled by funds managed by TPG Capital Asia.
Can A Management Reshuffle Save Telstra?
Added On - 7/31/2018 9:36:13 AM
Telstra has announced a major restructure of its executive ranks, including the appointment of former SBS boss Michael Ebeid to run its Enterprise team and the departure of chief financial officer Warwick Bray and two other senior rankers.
Rio Tinto, Apple Headline Earnings Week
Added On - 7/30/2018 9:16:52 AM
Australian June half earnings reports will start to trickle through this week. So far there has been a smattering from investment companies such as Milton Corp, Australian Foundation, Mirrabooka, Euroz and a few updates - Kogan.com comes to mind as a flop.
BHP Drags ASX To 10-Year High
Added On - 7/30/2018 9:16:46 AM
A 55 point rise on Friday saved the Australian sharemarket from a nasty little loss last week, but a slide on Wall Street on Friday night in the wake of weak reports from Facebook, Twitter and Exxon Mobil has opened the way for the ASX to open down more than 20 points this morning.
Russia Plans Sink Oil Rebound
Added On - 7/30/2018 9:11:04 AM
Oil futures settled lower in Europe and the US on Friday, ending a three-day streak after Russia's energy minister indicated that a coalition of producers could pump more crude than agreed by the end of the year.
Twitter Adds To Tech Pain
Added On - 7/30/2018 9:10:53 AM
US stocks closed lower Friday following disappointing results from Twitter and bellwethers, including oil major Exxon Mobil and chipmaker, Intel.
Gold Drifts Lower In Quiet Trade
Added On - 7/30/2018 9:10:45 AM
Gold futures again lost ground on Friday with nary an issue to provide any spark of interest.
Diary: Fed Meeting, US Jobs, Corporate Earnings
Added On - 7/30/2018 9:10:33 AM
A busy week sees important central bank meetings in the US, Japan and the UK, as well as India and Brazil. Of these meetings those of the US Federal Reserve and the Bank of Japan will matter globally and in Australia.
AMP Posts Weaker H1, Flags $290m Provision
Added On - 7/27/2018 8:54:25 AM
Struggling wealth manager AMP has provided a mixed half-year update as it attempts to get on the front foot after several bruising months of poor publicity and weak share price.
BHP Confirms $US10.8bn Shale Sale
Added On - 7/27/2018 8:54:17 AM
BHP has confirmed that it has sold its troubled US onshore oil and gas interests for nearly $US11 billion (more than $A14 billion), ending a loss riddled few years of wasted capital.


Key movements in the Australian ETF market

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 › Market At Midday On Wednesday
 › Buffett Still Has A Taste For Apple
 › Global Investors Maintain Tech, Home Bias
 › Overnight: Breathe A Sigh
 › GBT - Morgans rates the stock as Add
 › ANZ - Macquarie rates the stock as Outperform
 › SGF - Citi rates the stock as Upgrade to Buy
 › Domino's Fails To Deliver
 › Investors Deaf To Cochlear Growth Story
 › July China Data Disappoints
 › Business Conditions Wane In July
 › Wednesday At The Open
 › Marcus Today End Of Day Report
 › Tuesday At The Close
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