Lunch Report: Market Lifts Off 9-Week Low
The Australian sharemarket is improving in unenthusiastic buying on Thursday, with the ASX 200 up 0.7% after slumping by 2.1% on Wednesday.
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AM Report: US Sharemarkets Rebounded On Wednesday
Shares in Apple rose 4.0% with Tesla up 10.9%. Shares in ‘stay-at-home’ stocks like Facebook and Amazon also rose. Reuters reported that shares in “Tiffany & Co tumbled 6.4% after French luxury goods giant LVMH warned it was set to walk away from its planned $16 billion takeover of the US jeweller.” The Dow Jones index rose by 440 points or 1.6%. The S&P500 index lifted 2.0% and the Nasdaq index gained 294 points or 2.7%.
Read MoreEvening Report: Market Sank To 30 June Low
Not much improved for the sharemarket this afternoon, with the ASX 200 down 2.15% due to broad losses across 90% of stocks and every sector. Weakness on Wall Street, a tumble in oil prices and negative vaccine news contributed to the losses.
Read MoreLunch Report: Aussie Market Hits 5-Week Low
The Australian sharemarket has easily wiped out this week’s gains, with shares hitting five-week lows. This follows a weak lead from US tech stocks, a pause in a vaccine development and a 7.5% tumble in oil prices.
Read MoreOpportunities And Risks In The Market
Following up on his wrap on Q2 Reporting Season, Martin Conlon from Schroders gives his thoughts on where some opportunities lie in the current market.
Read MoreAM Report: US Sharemarkets Tumbled On Tuesday
Technology shares extended their slide. Tesla shares lost 21.1% after being snubbed for inclusion in the S&P 500 index. Apple shares fell 6.7%, despite announcing an event on September 15 where it is expected to reveal new products.
Read MoreEvening Report: ASX200 Rallies To Close Above 6,000
The Aussie market has closed higher for a second successive session with the ASX 200 gaining 63pts or 1.1% to 6,008. Local shares fluctuated throughout the day as heavyweights again contributed most to broader moves.
Read MoreThe Key Catalysts Driving Renewable Play Genex Power
First Sentier Investors Senior Portfolio Manager Tim Canham discuss their substantial shareholding in renewable energy company Genex Power.
Read MoreLunch Report: Aussie Shares Lift For 2nd Day
The Australian sharemarket is following European stocks higher, with the ASX 200 up by ~1% at lunch while the iron ore price is closing in on a six and a half year high. Most sectors are gaining.
Read MoreAM Report: European Shares Surged With US Markets Closed
The US and Canadian markets were closed overnight for the Labor Day holiday. European stocks rose by around 1.7%, with 86% of stocks finishing higher. Oil prices fell, iron ore rose and the Aussie market is set for a better start.
Read MoreEvening Report: ASX Recovers From Early Losses To Close Higher
After some big swings early in the day, the ASX 200 has managed to close higher on Monday with a gain of 19 points or 0.33% to 5945. Major banks, miners and CSL helped buoy the market as tech, retailing and industrials weighed most.
Read MoreLunch Report: Aussie Shares Rebound From Friday’s Tumble
Despite a weak lead from Wall Street on Friday and news of the lockdown extension in Victoria, the Australian sharemarket is bouncing back from Friday’s outsized 3% tumble.
Read MoreAM Report: Tech Stocks Push US Market Lower
The US sharemarket added to Thursday’s 3.5% slump with a 0.8% decline for the S&P 500 on Friday. Questions are being asked of the tech stocks, with the five largest US companies still up by as much as 80% in 2020.
Read MoreEvening Report: Worst Day Since 1 May For Aussie Shares
The local market fell by 3% on Friday due to the largest tumble in 3 months in the US. Tech giants like Apple, Amazon and Facebook which have been driving US stocks to record highs slumped.
Read MoreSchroders Australia: Q2 2020 Reporting Season Wrap
Q2 2020 reporting season for Australian equities has come and gone. What does that mean for investors? Who were the winners and losers? Martin Conlon, Head of Australian Equities at Schroders, gives some insights.
Read MoreMarley Spoon It’s Only Just Begun
Marley Spoon has been operating for 6 years and currently generates half a billion in AUD$ in runway revenue, it achieved positive operating cash flow in H1 2020 and became profitable in Q2 this year. ShareCafe spoke with CEO Fabien Siegel.
Read MoreLunch Report: Tech Stocks Lead Sharp Falls For The ASX
The Aussie market is a sea of red as it follows a tech-led sell off on Wall Street. Towards lunch, the ASX 200 index is down roughly 2.5% and suffering one of its worst days since June. Tech stocks are falling hardest.
Read MoreAM Report: US Sharemarkets Tumbled By The Most In Almost 3-Months
The rotation away from technology stocks gained momentum as investors questioned the sustainability of lofty valuations. Apple shares fell 8%. Shares of Amazon (-4.6%), Netflix (-4.9%) and Facebook (-3.8%) all plunged.
Read MoreEvening Report: ASX Higher As Banks Lead Gains
The Aussie market has notched a second straight day of gains with the ASX 200 lifting 50 points or 0/8% and closed above 6,100 for the first time in a week. Financials, retailers and health stocks led improvements while miners and tech stocks lagged.
Read MoreLunch Report: ASX Extends Gains As Banks Lead Improvements
The Aussie market is lifting for a second day with the ASX 200 around intraday highs at lunch. The banks are adding most to improvements while BNPL stocks are rebounding from recent declines. Mining & tech names are leading the declines.
Read MoreAM 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 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 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 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 MoreWhere To Now For The Residential Property Market?
The Agency Group (ASX:AU1) is one of Australia’s fastest-growing integrated real estate service companies, with approximately 280 real estate agents. The company recently released their Preliminary Final Report for the full year ended 30 June 2020.
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 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 MoreWal King Discusses His New Coal Play
What’s former Leighton chief Wal King up to these days? He’s putting the finishing touches on an astute acquisition by bringing together Terracom Limited (ASX:TER) with Universal Coal.
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 MoreHow US Housing Market Tailwinds May Help James Hardie
With a number of positive macro factors driving the outlook, T. Rowe Price believes the US housing market offers a happy hunting ground for high-quality companies. Ryan Martin, Head of Research, Australian Equities, explains how James Hardie is leveraged to this theme.
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 MoreMedlab Clinical – ShareCafe Hidden Gems Webinar Presentation
Presenter – Sean Hall – CEO & MD – Medlab Clinical is a medical research and development facility researching and formulating novel bio-therapeutics (e.g., nutraceuticals and pharmaceuticals) to improve health outcomes in early to moderate stage chronic diseases such as chronic kidney disease and pre-diabetes/obesity.
Read MoreCynata Therapeutics – ShareCafe Hidden Gems Webinar Presentation
Presenter – Dr. Ross Macdonald – CEO & MD – Cynata is an Australian clinical-stage stem cell and regenerative medicine company focused on the development of therapies based on CymerusTM, a proprietary therapeutic stem cell platform technology.
Read MoreOncosil Medical – ShareCafe Hidden Gems Webinar Presentation
Presenter – Daniel Kenny – CEO – OncoSil Medical is a medical device company seeking to advance radiation for cancer patients. OncoSil Medical’s lead product, OncoSilTM is a targeted radioactive isotope (Phosphorus-32), implanted directly into a patient’s pancreatic tumours via an endoscopic ultrasound. Treatment with the OncoSilTM is intended to deliver more concentrated and localised beta radiation compared to external beam radiation.
Read MoreGenetic Signatures – ShareCafe Hidden Gems Webinar Presentation
Presenter – John Melki – CEO & Director – Genetic Signatures has released a suite of real-time PCR based products for the routine detection of infectious diseases under the EasyScreen™ brand. This proprietary MDx technology provides hospitals and pathology laboratories with the ability to screen for a wide array of infectious pathogens with a high degree of specificity in a rapid throughput (time to result) environment.
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 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.
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