Overnight: Buy Everything
When utilities win the day, but the Nasdaq still adds another one percent, you know Wall Street is no longer playing a rotation game. Dow up 454.
Read MoreMarkets
AM Report: US Sharemarkets Posted Solid Gains On Wednesday
So-called ‘defensive’ areas of the market did well including utilities, consumer staples, and real estate. The Dow Jones index rose by 455 points or 1.6%. The S&P500 index lifted by 1.5% and the Nasdaq index rose by 117 points or 1.0% – both closing at record highs.
Read MoreWall St Rises Again Despite Apple, Tesla Retreat
Wall Street ended higher with the S&P 500 and Nasdaq reaching new highs (again) on Wednesday, despite more evidence the US economy remains weak.
Read MoreEvening Report: Market Recoups Tuesday’s Losses
The Aussie market improved further this afternoon, with the ASX 200 lifting by 1.8% thanks to gains across all sectors and 87% of stocks.
Read MoreLunch Report: Aussie Shares Snap A 3-Day Losing Streak
The Australian sharemarket is lifting by 1.5% at lunch, recouping most of Tuesday’s decline and bouncing off yesterday’s one-month low. Australia’s economy contracted by 7% over the June quarter.
Read MoreOvernight: Onward Ever Upward
More of the same on Wall Street, although breadth is starting to be more consistent. Dow up 215.
Read MoreAM Report: US Sharemarkets Advanced On Tuesday
Solid factory data fuelled optimism about the US economic recovery. Apple shares rose 4% on reports of orders for 75 million 5G iPhones later this year. Shares of Zoom Video surged 40.8% after it raised its annual revenue forecast by over 30%.
Read MoreRBA Holds Steady But Increases Cheap Bank Funding
As expected the Reserve Bank of Australia held official interest rates at a record low 0.25% for another month as it prepares for the release later this morning of what will be the worst set of national accounts and GDP data for decades.
Read MoreEvening Report: ASX Suffers Worst Daily Decline In A Month
The Aussie market has suffered its worst declines in over a month with the ASX 200 tumbling 107 points or 1.8% to 5,953 on broad selling. Every sector closed in the red with financials, technology and consumer staples among the worst performers. Defensive names such as utilities and gold stocks were among the few winners.
Read MoreMesoblast, COVID-19 And Trump?
As an analyst who follows biopharma companies, I take an interest in the US Food and Drug Administration (FDA), while as an American/Australian, US politics, particularly, in the days of Trump, is also an interest. Then, there is an ASX-listed cellular therapy company called Mesoblast (ASX:MSB), which I have followed pretty much since it listed in 2004.
Read MoreLunch Report: Stocks Drop To Start September
It has been a tough start to the new month with the ASX 200 deeply in the red. Losses have been widespread as financials, technology, energy and consumer staples weigh heavily as roughly 90% of the top 200 stocks fall. The AUD is a winner so far as it closes in on 74 US cents.
Read MoreChart Of The Week – Iron Ore’s Feast And Coking Coal’s Famine
Investors in ASX listed iron ore groups are cheering China’s stronger than expected rebound in steel making and Australia’s mines ability to supply record volumes when others have faltered. Iron ore prices have risen from the 23rd Mar 2020 low by 53% to US$124/t. Why then has premium Hard Coking Coal has fallen around 32% to US$108/t in the same period?
Read MoreIt’s Not All Gloom And Doom For Dividends
Plato Investment Management’s Managing Director, Dr. Don Hamson says investors must look beyond the headlines when considering their income strategy over the next 12 months.
Read MoreOvernight: Back To The Eighties
The S&P500 and Dow fell last night, but still posted the best August in over 30 years. Dow down -223.
Read MoreAM Report: US Sharemarkets Were Mixed On Monday
Some investors booked profits at the end of the month. Shares in Tesla rose 12.6% and shares in Apple rose 3.4% after both companies effected stock splits.
Read MoreWall St Posts Best August Since 1984
Shares of Apple and Tesla surged on Monday after stock splits took effect and attracted more buying from investors, but while Nasdaq ended higher on the last day of August, the sharp rises by two of the best-known names on the boards could not drag the Dow and S&P 500 higher.
Read MoreFloods Dampen Improving China PMI, Japanese Recovery Still Patchy
The Chinese economy – especially the larger services sector – continues to recover slowly from the COVID-19 slump earlier in the year, but in Japan its more of a struggle, despite more positive signs.
Read MoreEvening Report: ASX Slips To Start The Week But Still Higher For August
The Aussie market has fallen on Monday in what was choppy trade. The ASX 200 fell 13 points or 0.2% to 6,060 with Fortescue’s 7.7% decline weighing most. Even with today’s losses, the ASX 200 index improved for a fifth month in a row.
Read MoreWarren Buffett Goes Big In Japan With $6bn Bet On Trading Houses
So now, suddenly Japan is on the investment radar at Berkshire Hathaway and every company in that country with a big price movement will attract speculation that Buffett is buying.
Read MoreWhy The Dynamic Nature Of The ASX Provides Investment Opportunities
As Australian companies have grown, so has their footprint on the global stage. This means many of the country’s best businesses are effectively global leaders in their own right and have significant operations in many countries around the world. Randall Jenneke from T. Rowe Price shares his insights with ShareCafe.
Read MoreDr. Bianca Ogden Keynote Address – ShareCafe Hidden Gems Webinar Presentation
Platinum International Healthcare Fund Manager Dr. Bianca Ogden provides a keynote presentation on ‘Innovation in Health Care’ at the ShareCafe Hidden Gems webinar.
Read MoreLunch Report: Flat Start To The Week For ASX
Local shares are edging higher after a flat start to the week. Gains for energy and IT stocks are mostly being offset by losses for health and staples and Fortescue Metals (FMG). National Bank (NAB) is higher after agreeing to sell its MLC Wealth.
Read MoreUnderstanding Pre-IPO Investing – How To Generate Returns And Avoid The Pitfalls
Pre-IPO investing has the potential to generate significant returns in a relatively short space of time, however there are many issues to consider that may not be obvious to the regular investor.
Read MoreHidden Gems Webinar Recap – OSL, MDC, CYP, GSS
We continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on the full webinar with presentations from Oncosil Medical, Medlab Clinical, Cynata Therapeutics, and Genetic Signatures.
Read MoreAM Report: ASX To Open Lower Despite Records On Wall St
US sharemarkets rose on Friday with the S&P 500 and Nasdaq at record highs.
Read MoreApple Stock Split To Reshape The Dow
Shares in Apple and Tesla split on Friday after trading ended and will start trading tonight on Wall Street at vastly lower levels. Tesla’s split won’t change much so far as the market measures like the Dow are concerned, but Apple’s has already seen a huge revamp.
Read MoreASX Undershoots As Global Shares Move Higher
Despite the apparent solid end to trading on Wall Street on Friday, the ASX looks headed for a slide at the open this morning. That comes after a week where Australian shares fell 0.6% while US shares jumped 3.3%, Eurozone shares gained 1.7% and Chinese shares were up 2.7%. Japanese shares fell 0.2% reflecting policy uncertainty following PM Abe’s resignation on Friday.
Read More“Not As Bad As Feared” Earnings Season Draws To A Close
The Australian June 30 earnings season wraps up today and tomorrow. Despite the huge hit to earnings and dividends, corporate results have not been as bad as feared while the outlook for earnings growth expectations for 2020-21 appears to be improving.
Read MoreDiary: Oz GDP, RBA Meets, US Jobs
A busy start of month week here, in the US and globally to go with the continuing COVID-19 infections and the start of the US November 3 presidential and congressional elections as well as the start of month surveys on manufacturing activity across the globe including China, Australia, Europe, and the US.
Read MoreLunch Report: Worst Tumble Of The Month For Aussie Shares
The Australian sharemarket is down by 1% on Friday, following losses across most sectors. Harvey Norman (HVN), Costa Group (CGC) and Resolute Mining (RSG) have released their earnings.
Read MoreNext Week At A Glance
A brief look at important company events and economic data releases next week
Read MoreOvernight: Testing Times
Wall Street saw another occasional rotation session last night, completely reversing Wednesday night, on news of a new rapid virus test. Dow up 160.
Read MoreAM Report: US Sharemarkets Mostly Rose On Thursday
The Dow Jones index rose 160 points or 0.6%. The S&P500 index lifted 0.2% to a record closing high. But the Nasdaq index lost 39 points or 0.3%.
Read MoreMiners Hold Up Otherwise Miserable Capex Data
The expected COVID-19-driven plunge in business investment emerged yesterday in June quarter data on private capex from the Australian Bureau of Statistics.
Read MoreEvening Report: Market Ekes Out Tiny Gain
The Australian sharemarket fell away from its intraday high, with the ASX 200 up just 0.16% on Thursday, with losses from energy stocks and banks holding the market back.
Read MoreBiotech Expert And Health Care Fund Manager To Open This Weeks Hidden Gems Webinar
Platinum International Healthcare Fund Manager Dr. Bianca Ogden will deliver a keynote presentation on ‘Innovation in Health Care’ at this week’s ShareCafe Hidden Gems webinar.
Read MoreLunch Report: Aussie Market Bounces Back
The Australian sharemarket is up ~0.6% at midday, doing enough to recoup most of Wednesday’s falls. Afterpay, Zip Co, Woolworths and Flight Centre are just some of the big names out with profit results.
Read MoreOvernight: Fly Me To The Moon
US Big Tech step-jumped upwards last night. Nothing much else moved. Dow up 83.
Read MoreAM Report: US Sharemarkets Were Firmer On Wednesday
Technology led the way. Shares in Netflix rose 11.6% on a survey showing that subscription numbers will remain firm after stay-at-home advices are eased. Salesforce.com, the cloud computing company and soon-to-be Dow component, gave the S&P its biggest boost, its shares gaining 26% following its earnings report. The Dow Jones index rose by 83 points or 0.3%. The S&P500 index lifted 1.0% to record highs and the Nasdaq index gained 199 points or 1.7% to a record high.
Read MoreEvening Report: Local Shares Fall For First Time This Week
The Australian sharemarket fell by ~0.7% on Wednesday, with losses from the big banks driving the index lower. Zip Co (Z1P) hit a record high and surged by 27% after kicking off a partnership with eBay Australia.
Read More
