The ASX 200 was back with gusto today, spending most of the day above the 6,500 level but only closing up 0.21%. It was off to a healthy start thanks to Moderna's announcement last night that its COVID vaccine has 95% efficacy, which pushed the Dow to a record high. Todays leaders were energy, financials (specifically the banks) while gold, healthcare, utilities and tech were on the nose. Check out our interview with Michael Wayne from Medallion Financial on why he's in love with the banks again...
Nov 17, 2020•16 min
A write off for the market today with a glitch at the ASX shutting down equities trading for the day at 10:24am. The exchange says the problem has been rectified and normal trading will resume at 10am tomorrow. In the 24 minutes of trading we did have today, the ASX 200 was up over 1% after a strong lead in from Wall St, so let's call it a positive session. S&P futures are currently up around 0.8%. Join us at 10am tomorrow for a preview and live coverage of the Afterpay (APT) AGM. Our top th...
Nov 16, 2020•16 min•Season 1Ep. 136
The gold sector jumped 4.5% on increased uncertainty in the US, while healthcare, tech and materials were also up. Real estate, consumer staples and energy were all down. Don't forget to check out today's edition of The Last Call where Kochie and Kylie interview the boys from Equity Mates. Marcus Padley on whether markets are bound for GFC 2.0 The most investable bank isn't one of the Big Four Aussie medtech's cancer breakthrough Catch us live and free at ausbiz.com.au Hosted on Acast. See acast...
Nov 13, 2020•11 min•Season 1Ep. 135
The local bourse followed Wall St's lead today with something of a rotation out of the rotation. The ASX 200 closed down 0.5%. Tech and growth stocks were back in favour while the banks and miners were in the red. Around the region, the Chinese tech names that were hosed yesterday managed to claw back around a third of the losses. The Shanghai Composite is down around 0.2% and the Tokyo TOPIX down 0.5%. S&P 500 futures are currently down around 0.5%... Our top three VODs are: Ben sees opport...
Nov 12, 2020•11 min•Season 1Ep. 134
The rotation to cyclicals continues with the banks, in particular, in favour. CBA was out with its quarterly update and despite Q1 profit down 16%, loan deferrals were down so shares closed up 2.8%. Energy names also had a good day, while gold and consumer discretionary had another rough one. S&P 500 futures are currently up 0.1%.Our top three VODs today are: REITs and their long list of tailwinds Watch this space It's difficult to justify any of the BNPL stocks Subscribe to ausbiz at ausbiz...
Nov 11, 2020•11 min•Season 1Ep. 133
It really was a tale of two markets as energy, financials and industrials surged, while the sectors that sustained the market during the pandemic - gold, tech, consumer staples, consumer discretionary - dropped like a Republican's bottom lip. Unibail-Rodamco-Westfield jumped 44% after investors voted down a $5.7 billion cap raise to pay down debt. Our top three VODs today are: The market can only go up from here... as long as the vaccine works Wilsons: Aussie banks, EM are good "recovery plays" ...
Nov 10, 2020•11 min•Season 1Ep. 132
Trump's legal threats and last week's talk of a contested result being the worst-case scenario for the market were both disregarded by investors. Materials, communications and tech were the big sector gainers. REA hit a record high of $139.50 after a series of broker upgrades and more positivity around the real estate market. The bulls run on. Our top three VODs today are: The UK has come to play Coles , Amcor and James Hardie are great places to park cash right now Our base case is for a split ...
Nov 09, 2020•12 min•Season 1Ep. 131
What a week. Markets relished US Election gridlock, with tax hikes and regulatory pressure on the tech giants off the table for now. This afternoon, Georgia and Pennsylvania could go either way with an 'non-official' outcome expected any minute. The ASX 200 closed up 0.82%, with consumer discretionary metals and mining leading the gainers. Utilities, tech and healthcare took a hit. Election uncertainty has also pushed gold to a six-week high. Meanwhile, the RBA cut the official rate to a record ...
Nov 06, 2020•13 min•Season 1Ep. 130
Election gridlock is being perceived as a positive by markets, with a delay in the implementation of the leftist policies of the Democrats around tax and tighter regulation on the tech giants. The ASX 200 closed up 1.28% today with real estate, healthcare and communications leading the way. Meanwhile, Asian markets also liked the prospect of election gridlock, with the MSCI ex-Japan hitting its level since March 2018. We've got the FOMC meeting overnight but expectations are that the Fed will si...
Nov 05, 2020•16 min•Season 1Ep. 128
The ASX 200 closed down 0.07% led by tech and industrials. Futures were also up which, depending on whether you think the election result will be contested or not, was due to the tech sector breathing a sigh of relief at the prospect of a Trump win or hedge funds unwinding trades in anticipation of a contested result. The AUD jumped to US72.2cents this morning before dropping more than 1.5% this afternoon to now sit at 71.06 cents. Join us live from 8:30am AEDT for more US election commentary or...
Nov 04, 2020•18 min•Season 1Ep. 128
The energy sector surged 5.3% due to a pop in crude prices and Beach Energy's (up 7.4%) purchase of Senex's Cooper Basin assets. Property (up 2.7%), gold (up 2.6%) and consumer discretionary (up 2.5%) were also strong gainers. So, strap yourselves in for tomorrow's US Election. We have a host of expert commentators joining us, in the US and locally, to analyse the results and what they mean for your investments. We're live from 8:30am AEDT. S&P futures are currently up around 0.5%. Our top t...
Nov 03, 2020•12 min•Season 1Ep. 127
AMP closed at a three-month high as the Ares valuation came in higher than originally thought, at $6.4 billion, while Westpac closed down 1% after its half-year result raised some concerns around ongoing profitability. Meanwhile, ANZ and NAB finished up 2.3% and 1.2% respectively. Our top three VODs today are: See CSR in a new light Westpac won't bounce back like ANZ or NAB The case against virtual AGMs Watch us live and free at ausbiz.com.au Hosted on Acast. See acast.com/privacy for more infor...
Nov 02, 2020•13 min•Season 1Ep. 126
A very choppy day in what looks like being the norm until the outcome of the US election is locked in. Energy and financials led the gainers this session, while tech, industrials and consumer discretionary were down. Our top three VODs are: Resmed CEO: There's no slow down in our business Mobility is the green light for growth Fluence building a bridge to the future in Ivory Coast Hosted on Acast. See acast.com/privacy for more information....
Oct 30, 2020•16 min•Season 1Ep. 125
ANZ closed down 2.1% after releasing full-year results today. We spoke with CEO, Shayne Elliott, who said the bank had not lost a single dollar to Covid-19 and loan deferrals were dropping at rate that was "staggeringly good". Out-of-session US futures are up 1.1%, indicating that some of last nights losses may be reversed tonight. Our top three VODs today are ANZ CEO Shayne Elliott: "Not a dollar has been lost to Covid" and deferrals are "staggeringly good" EML Payments is a "real mixed bag" of...
Oct 29, 2020•15 min•Season 1Ep. 124
The ASX 200 clawed its way up to a 0.1% gain with the Aussie market following the international trend to a reversion to lockdown market dynamics. This despite our communities being wide open in comparison to many other countries. Tech led the gainers today (up 3%) with consumer staples also performing strongly. Consumer discretionary also bounced back with Temple and Webster up 8.4%. And a big congratulations to our Founder and MD, Kylie Merritt, who has just taken out the Entrepreneur of the Ye...
Oct 28, 2020•13 min•Season 1Ep. 123
It was all downhill for the ASX 200 today after it followed Wall St's 2% drop overnight. Tech, energy and consumer discretionary led the falls with gold also heavily sold. Here's an ausbiz factoid: ETFs is the third most followed topic by our app users. So, tomorrow's edition of The Call with Kochie will be an ETF special! Kochie will be joined by Andrew Wielandt from DP Wealth Advisory and Adam Dawes from Shaw and Partners to slice and dice 10 Aussie ETFs with buy, hold and sell recommendations...
Oct 27, 2020•12 min•Season 1Ep. 122
Buy-now-pay-later and e-commerce stocks all got a reality check today after the recent surges. A takeover offer from Coke Europe pushed Coca-Cola Amatil up more than 16%, with the local board backing the deal. Westpac's announcement that its earnings would take a $1.2 billion hit from a raft of writedowns and the costs of defending its anti-money laundering case only had a marginal effect on the share price today (down 0.4%) reflecting the market's view that the cost is a one off which has alrea...
Oct 26, 2020•14 min•Season 1Ep. 150
The ASX 200 bounced back from a mid day drop, but still closed down 0.11% in what has been a strong month so far. Perhaps surprising, given the amount of uncertainty out there and the fact that October is traditionally a pretty weak month. Miners and tech were down today while energy and banks led the gainers. Seems to be some excitement coming into the banking sector with the prospect of more cheap money if the RBA cuts rates as expected next month. Our top three VODs are: Julia Lee: IPOs are a...
Oct 23, 2020•19 min•Season 1Ep. 120
OZ Minerals hit a nine-year high today thanks to an impressive quarterly update, as well as the surging copper price. Meanwhile, Australia Post CEO, Christine Holgate, has been forced to stand aside while an investigation is conducted into four senior employees being given $3,000 Cartier watches as bonuses. A lot cheaper than Ahmed Fahour's $10.8 million golden handshake. Our top three VODs today are: Why Mary is big on Chinese tech hipages scouts a $100m IPO at the top of its game Zach picks oi...
Oct 22, 2020•12 min•Season 1Ep. 119
The higher AUD (up around 0.5% during the session) may have played a role today, providing some headwinds for the offshore earners. Our Stock of the Day, Temple and Webster, was slammed today - closing down 17% despite reporting earnings up 138% for the quarter. Clearly, the market thought the recent run-up in the share price was a bit too optimistic. Our top three VODs today are: Chris Wheldon invested in Alibaba before the Asian tech rally. Now, he's after ANT Group Afterpay hits the $100 mark...
Oct 21, 2020•12 min•Season 1Ep. 118
What started as a great week yesterday ended with a whimper today as the ASX finished down half a percent following an impasse on stimulus between U.S. lawmakers. Afterpay and Westpac struck a deal to share data while CSL provided investors with an update on its COVID vaccine and plasma plans. The dollar moderated as the Reserve Bank of Australia gave its strongest hint yet that a November cut is on the proverbial cards and Crown Resorts continues its horror week (and its only Tuesday). Our top ...
Oct 20, 2020•14 min•Season 1Ep. 117
While China's third quarter GDP was a miss in terms of the major economic data point of the day, investors were more attuned to the Chinese consumer and news overnight that Pfizer had started production on its long awaited vaccine while it completes stage three trials. Yes, markets are praying for a vaccine that will provide hope for a return to normal living in 2021. The ASX finished strongly as banks, health stocks and technology helped push the ASX through the 6200 point barrier, the highest ...
Oct 19, 2020•10 min•Season 1Ep. 116
Bit of softness today but a reasonable performance considering the rout in Europe last night. The ASX 200 closed down 0.5% led by the miners, banks and CSL. Rio Tinto's third-quarter production results were lower than expected despite the company re-affirming iron ore guidance. Production at Juuken Gorge has been down considerably since the destruction of the Aboriginal sacred sites. We've have a new show on Friday afternoons called The Last Call, brought to you with the support of Australian Vi...
Oct 16, 2020•15 min•Season 1Ep. 115
RBA Governor, Philip Lowe, strongly hinted at a November rate cut today, which the markets have already largely priced in anyway. The market reacted positively to the dovish speech, which also focused on job creation, to close up 0.5%. Materials and energy were the big gainers while consumer discretionary, healthcare and finished in the red. September unemployment came in at 6.9%, which was pretty much dead on the consensus estimate so little impact on markets there. Don't forget, entries for th...
Oct 15, 2020•15 min•Season 1Ep. 114
The ASX ended its seven-day green streak today, with materials dragging us down due to uncertainty around imports to China. Banks also took a hit after a strong day yesterday. A cracking day for EML Payments, up over 10% after the market clearly loved its investor briefing, which focused on its tech and planned investment. Flight Centre was hosed after a downgrade from Credit Suisse due to weak travel data and low consumer sentiment. Our top three VODs today are: A record quarter and US expansio...
Oct 14, 2020•15 min•Season 1Ep. 113
A seventh consecutive day of gains for the local market (up 1.04%), but the ASX200 still couldn't hold above the 6,200 resistance level. A bit of downside risk building perhaps? All sectors were up apart from materials, with telcos, tech and financials leading the gains. CBA and TLS held AGMs today with the former vowing to resume its normal payment ratio and the latter saying it would stick to its 16 cent div. After a 6.4% surge last night, can tonight's launch of the iPhone 12 give $AAPL anoth...
Oct 13, 2020•15 min•Season 1Ep. 112
Yet another green day for the ASX 200 - its sixth in a row in fact - driven by banks and tech, primarily BNPL of course. Link Administration (LNK) was the story of the day - up 25% after announcing it has received a $2.8 billion private equity takeover proposal. Whitehaven Coal (WHC) took a 6.7% hit after China indicated that it would limit coal imports from Australia. Watch this space. Our top three VODs today are: Yes, it's a V-shaped recovery and here are the stocks to watch Used cars and roa...
Oct 12, 2020•13 min•Season 1Ep. 111
The ASX 200 came home strong after mid-day dip, closing up 0.33%. The local market ended the week more than 3.2% in the green, recording its best week in five months. Chinese markets contributed to afternoon positivity - on a tear after coming back from the Golden Week holiday, with the Shanghai Composite up 1.9% and the Hang Seng currently up 0.1%. Our top three VODs are: Turnbull on Budget: "Criticisms Albanese made were not unreasonable" Forget the doomsayers! Equities and currencies are on t...
Oct 09, 2020•10 min•Season 1Ep. 110
The ASX 200 finished in the green for the fourth straight day today - up 1.1% - thanks to Frydo's jobs-focused Budget and stimulus hopes in the US. Our friend, Carl Capolingua, says it's the biggest four day increase since 2014. Tech led the way with the index closing up 2.7%. BNPL went on a tear - Z1P up 8.2%, SZL up 3.5%, APT up 2.8% and LBY up 3.3%. Our top three VODs today were: Sezzle's third quarter results have set the market alight Adore Beauty's IPO sets the foundation for the future Bu...
Oct 08, 2020•14 min•Season 1Ep. 109
The abundance of measures in last night's Federal Budget to stimulate jobs growth was clearly what the market wanted to hear with the ASX 200 closing up 1.3% after a slow start. Consumer discretionary and consumer staples were the obvious beneficiaries, with both up 1.9%. Macquarie's upgrade of ANZ (up 2.4%) and Westpac (up 2.6%) allowed CBA and NAB to hitch a ride, up 2.2% and 2% respectively. Our top three VODs today are: Why automotive stocks are revving up Stockland CEO: This is a Budget for...
Oct 07, 2020•14 min•Season 1Ep. 108
