Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation. The XJO index closed down 1.1%. Yield sensitive sectors were particularly hard hit, as were companies with high valuations i.e. tech and healthcare. Energy stocks were the exception to the rule following Saudi Arabia agreeing to cut oil production through March. Asian markets were down on reports of a further clampdown on civil disobedience in Hong Kong with aut...
Jan 06, 2021•14 min•Season 2Ep. 3
A flat finish on the local bourse, with the major index closing down just 0.03%. Materials led the way with iron ore miners back in favour. Consumer staples and tech were also up a touch while financials, energy and industrials all took a hit. Join us live at 10am AEDT tomorrow for Nadine and Scutty's interview with President Trump's former Communications Director, Anthony 'The Mooch' Scaramucci. The Mooch will give us his unique take on tonight's Georgia Senate run-off and his the outlook for h...
Jan 05, 2021•14 min•Season 2Ep. 2
And hello 2021! It was a strong start to the New Year with the ASX up 1.4%. Materials (we're looking at you gold miners & Fortescue) and consumer-related companies led the charge. Commodities extended gains on hopes for a Democratic win in Georgia's run-off elections, which could see bigger stimulus cheques and infrastructure spending fast-tracked in the first quarter. The energy sector kept pace ahead of the OPEC+ meeting, while the infotech sector lagged. Our top three VODs are: Striking g...
Jan 04, 2021•8 min•Season 1Ep. 165
The ASX brought a bit of Christmas cheer today, with the major index closing up 0.3%. Volume was predictably light in a shortened Christmas Eve session. The local bourse was helped by an overnight rebound in energy and materials after a bounce in base metals, iron ore and crude futures. Live programming on ausbiz.com.au resumes at 10am AEDT on January 4. Until then, we'd like to wish all of our readers and viewers a Merry Christmas and a happy and safe New Year. If you need an ausbiz fix over th...
Dec 24, 2020•7 min•Season 1Ep. 164
Markets rallied for no particular reason today with the ASX up 0.66%. The market drifted higher in thin trade boosted by gains across every sector except materials. REITs led the way with a 2% gain. However, the big miners came under some pressure after Chinese iron ore futures fell sharply. Investors are continuing to assess concerns around a new virus variant, shutting cities as large as London down for Christmas. S&P futures recovering after steep falls earlier in the day after word came ...
Dec 23, 2020•12 min•Season 1Ep. 163
Improved COVID numbers in Sydney but that positivity didn't translate to the ASX, with the major index down 1.05%. Maybe too much good news has already been priced in. REITs and healthcare were the only gainers while materials and energy weighed. Bumper preliminary retail sales figure from the ABS today - up 7% on October and 13.25 on November 2019. We're obviously still feathering our nests, with the household goods category seeing the largest increase (13%)... Our top three VODs are: Seven sto...
Dec 22, 2020•12 min•Season 1Ep. 160
A flat day for the local bourse (down 0.1%) with negative sentiment around the COVID cluster on Sydney's northern beaches, Brexit negotiations breaking down and a more virulent strain of the virus emerging in the UK. On the upside, the US Congress finally got its US$900 billion stimulus package across the line, but that has been well priced in by markets. Volume was thin on the ASX with consumer staples, gold and materials, not surprisingly, the winners today. while utilities, real estate and te...
Dec 21, 2020•10 min•Season 1Ep. 158
The local market closed down 1.2% today despite a strong lead in from Wall St - which was full of positivity after Congress moved closer to a deal and agreement on Brexit also got closer, save for fishing. Gold, materials and utilities were the bright sparks today, while all other sectors closed in the red. Our top three VODs for today are: The coal version of #staybullish Two software microcap names for your Friday Oil goes into negative territory as traders try to unwind May contract Hosted on...
Dec 18, 2020•13 min•Season 1Ep. 160
The Santa Claus rally rolls on with a 10-month high for the ASX200 today - up 1.2% to 6756.7. A strong lead in from Wall St thanks to the US Congress edging closer to a $1.2 trillion stimulus deal. The unemployment rate for November was better than expected at 6.8%, with the participation rate at 66.1%. And Treasurer, Josh Frydenberg, delivered the MYEFO with this year's budget deficit forecast down to $197.7 billion from the $213.7 billion forecast in the October budget. Our top three VODs toda...
Dec 17, 2020•16 min•Season 1Ep. 159
Hope springs eternal! At least that's what the market seemed to think today; boosted by Congress in the US last night inching closer to a deal on stimulus. The ASX 200 closed up 0.7%. Tech was a on tear (again) with Afterpay hitting an all time high of $115.69. BNPL challenger, Openpay, jumped 27% after announcing it would expand into the US. Gold also had a big day while energy and healthcare were down. Our top VODs today are: Jun Bei and Marcus: a must buy and a must sell CLSA puts the sell ra...
Dec 16, 2020•17 min•Season 1Ep. 158
The local market limped to the close, falling away with the miners and energy names proving the biggest weight. Iron ore miners took a hit across the board with coal companies damaged by the escalation of trade tensions with China. The war of words continues with the PM warning an out-and-out Chinese ban would break WTO rules. As APRA lifts its cap on bank dividend payouts, we prep to hear from ANZ at its AGM tomorrow. Enjoy the evening. Our top three VODs are: Scott Phillips: Sell the iron ore ...
Dec 15, 2020•12 min
Tech led the gainers (up 3% and Afterpay up 8.8% to $109.93!) while the banks, consumer discretionary (Wesfarmers up 2.7% to $50.94) and REITs also performed strongly. Healthcare, gold, materials and energy weighed. Our top three VODs today are: There are a lot of new kids on the block, but here are Ron's top three Intelligent picks from Gaurav Cracking the COVID vaccine storage market Catch us live and free at ausbiz.com.au Hosted on Acast. See acast.com/privacy for more information....
Dec 14, 2020•12 min•Season 1Ep. 156
A second red finish in a row for the ASX 200 with healthcare, industrials and consumer discretionary weighing. The index closed down 0.61%.CSL was down more than 3% after its coronavirus vaccine in development at the University of Queensland returned false-positive results for HIV in trials! Energy, gold, tech and materials were the bright sparks with the iron ore miners continuing to enjoy their time in the sun. Don't forget to catch today's edition of The Last Call, with Australian cricketing ...
Dec 11, 2020•12 min•Season 1Ep. 155
Profit takers took the heat off the market with all sectors down. Tech led the falls and gold and communications also took a hit. The surging iron ore price continues to grease the rails for Fortescue - the stock closing up 3.3% today and now up 102% since the start of 2020. Our top three VODs today are: Huge, lucrative holes and the small caps that help them get dug Three stocks - and a Tesla - for the candlestick observers Uranium goes boom Watch us live and free at ausbiz.com.au Hosted on Aca...
Dec 10, 2020•15 min•Season 1Ep. 154
In fact, if the market is up again tomorrow it will be the longest winning streak of the year. The All Ords is already up 15.9% for the December quarter and we're not too far off the largest quarterly gain since 1987! With no negative impacts on the immediate horizon and TINA (there is no alternative) still at the party, it's looking like the momentum will continue. Our top three VODs today are: Buy the banks Any correction in 2021 will be forced by valuations not earnings Meet the Archer who ju...
Dec 09, 2020•16 min•Season 1Ep. 153
These sector rotations, and rotations out of rotations, will surely be one of the defining characteristics of the market in 2020. The ASX 200 closed up 0.2% at a nine- month high, and the sixth consecutive close in the green, with iron ore surging another 1.3% despite news coming out today that Chinese imports of the commodity had dropped for the second month in a row. Our top three VODs today are: Three stocks to get you in the Santa Claus rally and ahead for 2021 Iron ore's had a run - so is i...
Dec 08, 2020•15 min•Season 1Ep. 152
Rampant Chinese demand and restrictions on supply from Brazil mean prices for the red dirt still have a long way to run, according to the analysts we spoke to today. Consumer staples, energy and tech were also up today while gold, healthcare, communications and utilities weighed. Our top three VODs today are: Tired of big tech? Here's some emerging names to check out In control and going for global growth The data's getting better... so here are three ETFs to buy Hosted on Acast. See acast.com/p...
Dec 07, 2020•14 min•Season 1Ep. 151
News overnight Pfizer would take longer than first expected to roll out its vaccine put a small dampener on markets, but not enough to send them into negative territory. The local market made a 0.28% gain, with the broad-based Asian MSCI lifted above its November 25th high.It was (yet) another big day for IPOs. Nuix went nuts, getting as high as $3.70 above its $5.31 issue price. Maas Group and Doctor Care Anywhere also hit the boards and delivered strong upside for investors. Our top three VODs...
Dec 04, 2020•13 min•Season 1Ep. 150
A great day for the iron ore miners thanks to the red dirt hitting near seven-year highs on surging Chinese steel production. Fortescue was up 13% to $20.66. Are these valuations justified or is a bit of FOMO creeping in? Time will tell. The energy sector was also up while tech and healthcare dragged. Our top three VODs today are: Three stocks for those avoiding the value vs growth debate An absolute page turner Tesla's addition makes the S&P 500 one giant portfolio Watch us live and free at...
Dec 03, 2020•13 min•Season 1Ep. 149
A better than expected GDP read lifted the ASX 200 marginally to flat close - up 0.03%. The lift in GDP was largely due to an increase in spending on services - the largest sector of the Australian economy. With $100 billion saved by Australians since February, stimulus continuing, vaccine development looking promising and borders opening up, things are looking pretty good for 2021, China risks excluded. Our top three VODs today are: Jun Bei Liu's three stocks to consume this summer Domino's and...
Dec 02, 2020•14 min•Season 1Ep. 148
The local bourse recovered strongly after a mid-morning dip into the red to close up 1.08%. All sectors were up today, except energy, which was down thanks to OPEC+ dramas and the fall in the oil price overnight. The RBA surprised no one by keeping rates on hold, with the consensus view that they'll remain at 0.10% for some time yet (see Tweet of the Day below from our mate Con Michalakis)... Our top three VODs are: The three stocks to go West for Don't do the obvious in the re-opening trade Got...
Dec 01, 2020•16 min•Season 1Ep. 147
The local bourse opened strongly but slid lower throughout the day to close down 1.3%. Nevertheless, the gain of around 10% for November was the biggest monthly gain for the market since March 1988 when a Mr Rick Astley had the number one single in Australia. The only sector to finish the day in the green was tech, while consumer discretionary, financials and utilities saw the biggest falls. Our top three VODs today are: Three under-the-radar tech stocks to buy now, grow later Richard's three mi...
Nov 30, 2020•15 min•Season 1Ep. 146
A Thanksgiving dip for the ASX 200 with the index closing down 0.53%. Real estate, gold and communications finished in the green while energy, utilities consumer staples weighed. Our Stock of the Day, Bega Cheese jumped almost 12% after announcing it had completed a $400 million cap raise to acquire the local dairy arm of Japan's Kirin Holdings for $560 million. Meanwhile, Treasury Wines dropped 11% and then entered a trading halt after China announced tariffs on Aussie wines. On today's edition...
Nov 27, 2020•11 min•Season 1Ep. 145
Today's ASX Refinitiv Charity Foundation Trading Day closed with ausbiz's Chairman, David Koch, having the honour of ringing the closing bell. Well done to the ASX for donating today's fees received from cash market trading and nabtrade for donating today's brokerage to the ASX Refinitiv Charity Foundation. A 0.7% dip for the ASX 200 today with something of a re-rotation back into growth names. Tech, utilities and gold saw strong gains while iron ore prices helped metals and mining. US markets a...
Nov 26, 2020•13 min•Season 1Ep. 144
A solid day on the local bourse - following a strong lead in from the Dow as it surpassed the "sacred number" of 30,000, as a certain Donald Trump referred to it. The ASX 200 cracked nine-month highs again to close at 6,683.30 (up 0.6%). The local market is currently up more than 12% for November. The question is how much steam does it have left in it? Well, according to most of the analysts we spoke to today, quite a bit. Our top three VODs today are: Missed the iron ore and gold rallies? Here'...
Nov 25, 2020•11 min•Season 1Ep. 143
A bumper day for the local market with the ASX 200 pushing to a nine-month high to close up 1.3% at 6,644.1. The banks went on a tear, with the Big Four all up 2-3%. As our old mate Scutty reminded us today: the banks are a microcosm of the broader economy. So perhaps it wasn't surprising that they benefited from the positivity around vaccines and border openings. Energy and travel names also had a good day. Well, mostly... JP Morgan poured cold water on the Sydney Airport (SYD) party, saying it...
Nov 24, 2020•15 min•Season 1Ep. 142
A solid session after the local bourse mirrored the rise in futures this morning and them stalled around midday. We eventually closed up 0.3% at hit a nine month high of 6,561.6, keeping the market on track for its best November in 32 years. Energy, materials and tech led the gainers while financials, industrials, real estate and consumer discretionary and staples were the laggards. S&P futures are currently up 0.25%. Our top three VODs today are: The Image Doctor Ron's top three picks for t...
Nov 23, 2020•13 min•Season 1Ep. 141
After posting gains for most of the day, the local bourse dipped this afternoon to close down 0.1%. The ASX 200 was still up over 2% for the week, the third consecutive weekly gain. Financials, utlilities, health and tech were the leaders while materials, gold, retail and energy lagged. Check out today's edition of The Last Call , with Kochie and the team reviewing the week in markets with Australia's top commentators. Our top VODs today are: Two stocks and an ETF you can hold 'forever' The good...
Nov 20, 2020•14 min•Season 1Ep. 140
Futures expiry perhaps playing a small part in the rally. The banks led the way once again thanks to dividends returning, improving housing conditions and overall positivity about economic conditions. The sector closed up the better part of 2%, with tech also performing strongly. Iron ore prices continued to surge on surging Chinese steel production, which unfortunately didn't translate to corresponding gains for the miners with metals and mining down 0.5% for the day. Our top three VODs today a...
Nov 19, 2020•16 min•Season 1Ep. 139
Everything coming up roses for the banks in terms of positive housing data, stamp duty being abolished in NSW and the RBA's Phil Lowe talking up the housing market as well. CBA up 2.7%, NAB up 2.1%, WBC uo 1.9% and ANZ up 1.2%. Bitcoin hit $18k as sentiment towards crypto goes through a thawing and insto investment increases. The Chinese yuan and Korean won were at their highest levels against the USD since mid 2018 as the carry trade in emerging markets kicks off. Our top three VODs today are: ...
Nov 18, 2020•14 min•Season 1Ep. 138
