BHP shares drop 2.6% as ASX closes 0.04% lower
Peter Milios from Finance News Network with a round-up of the highlights from today’s ASX trading session.
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Financials keeping the local market in the green: ASX up 0.51% at noon
Lauren Hayes from Finance News Network with all the news from today’s morning trading session on the ASX.
Read MoreA Trail of Two Halves for KMD Brands
A series of records for NZ-based clothing group KMD Brands in the year to July helped offset the dramatic impact of Covid lockdowns on both sides of the Tasman over that period.
Read MoreNAN – Morgans rates the stock as Add
The target price falls to $4.86 from $5.43, the Add rating is retained after a significant share price fall.
Read MoreWebinar Recap – ATV, HXL & CPT
Catch up on the full webinar with presentations from ActivePort (ASX: ATV), Hexima (ASX: HXL) & CipherPoint (ASX: CPT)
Read MoreCommodities Corner: Fight-or-Flight Response
Carnage on equity markets has seen commodities regain their safe-haven status with most up strongly for the week, but this may in turn have inflationary ramifications.
Read MoreSequioa (ASX:SEQ) – The business of financial services
Garry Crole – Executive Director and CEO – Sequoia Financial Group Limited is an integrated financial services company providing products and services to self-directed retail and wholesale clients and those of third party professional service firms.
Read MoreWebinar Recap – OC Funds Management, MNS, CBO & SLH
Catch up on the full webinar with a keynote presentation from OC Funds Management & presentations from Magnis Energy Technologies (ASX: MNS), Cobram Estate Olives (ASX: CBO) & Silk Logistics Holdings (ASX: SLH).
Read MoreCOVID Winners Changing the Rules of the Game
In this note, Elfreda Jonker from Alphinity explores a few lesser-known companies which are thriving through COVID by changing the rules of the game in their respective sectors.
Read MoreMorning Report: US sharemarkets rebounded on Monday
The Dow Jones index lifted 587 points or 1.8%. The S&P 500 index gained 1.4% and the Nasdaq index rose by 111 points or 0.8%.
Read MoreLunch Report: Resource stocks lead market higher
The Australian sharemarket is edging higher at lunch on Tuesday, following modest improvements in the United States overnight. Energy and mining stocks are standing out.
Read MoreElixinol Global (ASX: EXL) – Hidden Gems Webinar Presentation
Presenter – Oliver Horn – Executive Director & Global Chief Executive Officer – Elixinol Global Limited is a global leader in the hemp-derived CBD industry, researching, developing, marketing and selling Elixinol-branded, hemp-derived full and broad spectrum CBD products.
Read MoreAustralia…One Hour In…ASX200 up 25
ASX200 up 25 points (0.4%) to 6850. Banks; ANZ +1.6% CBA +0.2% NAB +1% WBC +1.3% Stronger today as several brokers issue research saying capital management is high on the priority list as their capital levels are strong.
Read MoreNovonix (ASX:NVX) – Hidden Gems Webinar Presentation – 19/2/21
Presenter – Chris Burns – Group CEO – Novonix is a combined developer and supplier of high-performance materials, equipment, and services for the global lithium-ion battery industry with operations in the USA & Canada & sales in more than 14 countries.
Read MoreBHP Lifts on Strong Report, Increased Dividend
BHP shares jumped nicely yesterday after the world’s biggest miner boosted interim dividend by more than 50% off the back of a solid performance in the six months to December.
Read MoreHuon Find Themselves Swimming Upstream Against Salmon Glut
A global oversupply of salmon might be good news for consumers, but it’s bad news for investors on farmed seafood companies, especially salmon producers like Huon Aquaculture.
Read MoreOvernight: Bipartisan Sense
A group from both sides of Congress has proposed a stimulus bill compromise, as the UK rolls out the needles. Dow up 59.
Read MoreRWC – UBS rates the stock as Neutral
Reliance Worldwide Corp’s September quarter sales growth was ahead of expectations. Management suggests a limited upside to margins in the near term with S&GA normalising and reversing of tailwinds of copper and FX.
Read MoreMX1 – Morgans rates the stock as Add
Micro-X has signed its first contract for the Rover worth $1.4m. This was facilitated by the World Health Organisation with units to be sent to a number of Pacific Island nations. The Rover is a more rugged version of the Nano (portable X-ray unit) and designed for extreme operational scenarios, explains Morgans.
Read MoreOGC – Macquarie rates the stock as Outperform
OceanaGold Corp completed a CAD$150m equity raising, the proceeds of which will be used to fund growth projects and exploration and for corporate and working capital purposes.
Read MoreEvening Report: Banks & Afterpay Lead ASX Higher For Consecutive Days
The ASX 200 hit 5-month highs early on Tuesday but couldn’t maintain those levels, still the index rose 32 points or 0.5% to 6,161 as banks and Afterpay (APT) were the major contributors to the broader improvements. Qantas also rose as it plans to cut another 2,500 jobs.
Read MoreWall St Moves Higher Amid Calmer Trading
A strong hint of normality returning to markets with no outsized swings on Monday – oil, and gold rose while equities were mixed to slightly firmer.
Read MoreOvernight: Tech Fights Back
Stability in oil markets provided comfort while some solid results in the tech space had the Nasdaq spinning back around to resume market leadership last night. Dow up 456.
Read MoreOvernight: Accentuate The Positive
Wall Street has kicked on again after the head US medico spoke of a timeline to reopening the country. Dow up 779.
Read MoreOvernight: Flattening Curve?
Evidence that the virus curve has begun to rollover in NSW, Italy, Spain and NYC has had stock markets surging. Dow up 1627.
Read MoreQantas Cuts Capacity To Cushion Coronavirus Fallout
Staff and shareholders will not be impacted by the capacity cuts Qantas announced yesterday caused by the continuing COVID-19 crisis in China and other parts of Asia.
Read MoreCochlear Lifts Dividend Despite Flat Profit
Hearing aid group, Cochlear lifted dividend for the six months to December by 3% after revealing a lacklustre performance in the period.
Read MoreGlobal Shares Give Up Gains Over The Week
Over the week US shares fell 0.3% and Eurozone shares eased 0.7%. Japanese shares dropped 0.8% and Chinese shares were down 0.7%.
Read MoreOvernight: The Biggest Day
The biggest day on the US earnings result calendar produced plenty of ups and downs for Wall Street to absorb, but little net movement. Dow down -28.
Read MoreRBA Deputy Pours Cold Water On Housing Rebound
Just when quite a few analysts and economists were getting hot to trot about how the rise in top-end house prices in the past two months marked some sort of turning point for the sector, a bucket full of cold water was thrown into the mix by the second most powerful executive at the Reserve Bank.
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Read MoreThe Meaning Of Retirement & Accessing Your Superannuation Funds
This article explores what it means to ‘retire’ from a superannuation perspective and so to access your superannuation funds.
Read MoreSuperannuation From July 2017 – The State Of Play
From 1 July 2017, there are a number of key changes in thresholds and rates impacting on superannuation, including most of the measures announced in the 2017 Federal Budget. In this article we examine thresholds and rates that apply from 1 July 2017 and recent reform amendments.
Read MoreHow Does The First Home Super Saver Scheme Work?
In the 2017 Federal Budget (announced on 9 May 2017), the government promised to help “Australians boost their savings for their first home by allowing them to build a deposit inside superannuation” – Source Budget 2017-18 Fact Sheet 1.4.
Read MoreIs A Transition To Retirement Strategy Still Worthwhile?
From 1 July 2017, earnings on assets supporting a transition to retirement (TTR) pension income stream will no longer receive a tax exemption; further the concessional contribution cap will be reduced. In this article, we consider those situations where TTR remains a worthwhile strategy, even if less effective.
Read MoreHow Does The $1.6m Transfer Balance Cap Work?
From 1 July 2017 a $1.6 million limit will apply on the amount of superannuation that an individual can transfer from accumulation phase to pension phase, where earnings are tax-free.
Read MoreThe Latest On Superannuation Concessional Contributions
From 1 July 2017, there are changes to concessional (pre-tax) contributions. Concessional contributions include salary sacrifice, super guarantee, employer contributions and self-employed tax deductible contributions.
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