The local market closed at yet another record high, driven by strong gains in cyclical sectors. The S&P/ASX 200 climbed 0.3% to 7584.3. The Chi-X 200 added a smaller 0.2%. Financials were the standout performer, inspired by the CBA’s full year result which beat across almost every metric. Australia’s largest lender added 1.5%. Along with a steeper yield curve and solid lead from Wall Street, all the big four banks added more than 0.8%. Utilities were also in demand, possibly helped by the $U...
Aug 11, 2021•15 min•Season 2Ep. 150
The S&P/ASX 200 recovered from a wobble midway through the session to close at a fresh record high. Mirroring what was seen on Wall Street, the tech sector led the market higher, adding 1.6%. Another pop in Square shares saw Afterpay lift by 3.4%. Pointsbet Holdings rose nearly 10%, assisted by M&A activity in the US gaming space. Cyclical areas such as industrials and energy were the laggards, the latter hit by steep falls in crude oil prices overnight on continued delta demand fears. T...
Aug 10, 2021•11 min•Season 2Ep. 148
The S&P/ASX 200 finished dead flat today, giving up earlier gains that saw the index briefly hit a fresh intraday record high. Banks and insurers were the big winners for the session, boosted by a large lift in bond yields following a stronger-than-expected US nonfarm payrolls report on Friday. Suncorp’s full year results also impressed the market, helping the broader financials sub-index to a gain of more than 1%. Suncorp alone added 8.2%, making it the top performer on the ASX200. Gold min...
Aug 09, 2021•11 min•Season 2Ep. 148
The S&P/ASX200 closed up Friday, gaining 27 points or 0.36% to 7,538, gaining momentum into the close for a hat-trick of all-time highs. On the rotation front, iron ore prices crashed over 7%, the materials sector dragging while energy, industrials and three of the four big banks rose to the occasion. News Corp up 7.5% on some bumper numbers and the alluring prospect of being in the pay of Messrs Facebook and Google. Really good numbers from News' offspring REA Group too, but with a less Zuc...
Aug 06, 2021•15 min•Season 2Ep. 146
The S&P/ASX200 closed up Thursday, gaining eight points or 0.1% to 7,511, the materials sector back on the downside cycle, offset by the banks, REITs, healthcare and consumer staples all settling higher. A day of little drama with not a lot separating the session's worst, Fortescue Metals (-3.7%) and its best, NIB Holdings (3.2%). And despite the Hunter and Melbourne joining the Great Aussie Lockdown, the index will begin Friday morning at 10am AEST from another record high. Question of the ...
Aug 05, 2021•14 min•Season 2Ep. 146
The S&P/ASX200 posted a new record on Wednesday, gaining 29 points or 0.4% to 7,503 after hitting another intraday high before lunch. Cyclicals took charge on a day where investors held off ahead of the big reports. The energy names did well, as did real estate, although BWP Trust did give back 2.1% after almost tripling full-year distribution. But it was the Iron Triumvirate - BHP (2.4%), Rio Tinto (1.8%) and Fortescue Metals (0.7%) well assisted by Adbri (4.7%) - that dragged a lighter ind...
Aug 04, 2021•12 min•Season 2Ep. 145
The S&P/ASX200 closed down on Tuesday, dropping 17 points or 0.2% to 7,475 coming off the 52-week high of 'M&A Monday' although the IT sector is still basking in that Afterpay (11.4%) glow. Pointsbet gambled on an institutional entitlement offer and lost 14%, the day's biggest backward step after raising $80 million and prepping 10 million new shares for issuance next week. Oil fell on China data, iron ore fell on Chinese thinking and in China another tech-giant Tencent fellafter the off...
Aug 03, 2021•11 min•Season 2Ep. 144
The S&P/ASX200 closed at a new record Monday, gaining 99 points or 1.34% to 7,491.4.M&A excitement drew a flood of buying after market darling, Afterpay, agreed to Square's 31% premium pitch, equivalent to $126.21 a pop. Also, don't forget our Reporting Season Masterclass is live tomorrow afternoon. Check out the expert guest list and register here . Our top three VODs today: Joe Magyer's Afterpay bet is rewarded after a rollercoaster ride Morningstar's top income stock picks for August ...
Aug 02, 2021•11 min•Season 2Ep. 143
The S&P/ASX200 closed lower Friday, dropping 25 points or 0.33% to 7,392. The tech sector shed 2.6%, and Nasdaq futures are down with Amazon and PayPal missing sales guidance. The iron ore giants started well, BHP hitting fresh highs for lunch, before Dalian iron ore futures crashed - Fortescue Metals down 5%. Next week: reporting season, lots and lots to watch and as we say here at ausbiz - dividend and conquer! Our top three VODs today: Three stocks to hold for 12 months SMSFs are "more co...
Jul 30, 2021•11 min•Season 2Ep. 141
The S&P/ASX200 has closed up 0.5%, led by strong updates from the iron ore triumvirate. BHP's share price hitting new highs, Fortescue's bank account hitting new highs and Rio Tinto's shareholders sharing a record $12.4 billion in interim dividends. Elsewhere Wall Street was mixed, as confused Americans were further confused by a confounded Fed and Chinese officials soothed irritated markets with a familiar mix of assurances and threats - the Hang Seng - knowing what's good for it, reclaimin...
Jul 29, 2021•15 min•Season 2Ep. 140
The S&P/ASX200 closed lower Wednesday, dropping 52 points or 0.7% the NSW lockdowns casting a pall over the local bourse as much as the local barber. Nickel Mines hit the hardest, shedding more than 10%. Wall Street fell ahead of another grueling night for the Fed, while Chinese mainland investors continue to desert tech plays like Tencent (selling off $US4.2 billion in July alone). The CCP tightening its grip on homegrown big tech in a timely demonstration of the application of power to cur...
Jul 28, 2021•13 min•Season 2Ep. 139
The S&P/ASX200 hit more records on Tuesday, gaining 37 points or 0.50%. Another day, another record. Stateside investors are mega-pumped ahead of mega-names reporting expected mega-earnings. At home, the cyclicals went on a Tuesday tear led by the big name miners and banks. Less effusive trade on the Hang Seng (-5%) as Beijing's regulators pulled the wings off edu-tech-giants like Tencent (-6.5%). Apple and Microsoft report tonight. Our top three VODs: David Lane's Olympic winners: Gold, Sil...
Jul 27, 2021•12 min•Season 2Ep. 138
The S&P/ASX200 closed flat on Monday, down just the barest of smidgens after a loopy session that began with a record high in the morning and ended with fitting indecision. The S&P/ASX200 closed flat on Monday, down just the barest of smidgens after a loopy session that began with a record high in the morning and ended with fitting indecision. Lynas had a great day, with some nice quarterly numbers, adding 11%. Best & Less ended its first day as a listed company some 9%% above its li...
Jul 26, 2021•14 min•Season 2Ep. 138
The S&P/ASX200 ended higher Friday, gaining eight points or 0.1% to 7,394 and bumping up against a second consecutive record-high close. Defensive and growth sectors took a stick to cyclicals energy, materials and banks getting whacked about the head and body. Nickel Mines (+7.5%) came back nicely on record Q4 revenue. Silver Lake Resources (-8.3%) in trouble because no one really wants you to produce less gold. Our top three VODs: A banking buy, a healthcare hold and a fin-services sell Les...
Jul 23, 2021•16 min•Season 2Ep. 135
The S&P/ASX200 closed at a new record high on Thursday, gaining 78 points or 1.1% to 7,386.4, inching past the previous peak set in June. Strong US earnings boosted all sectors into the green, with materials - led by new Tesla supplier BHP - the hero of the dish. Orocobre and Pilbara Minerals up 9.8% and 9.5% topped the lists, while Zip Co (-7.9%), with 'record numbers and global momentum' carried the drinks. Our top three VOD's today: Jarden's view beyond reporting season ACCC is looking at...
Jul 22, 2021•16 min•Season 2Ep. 135
The S&P/ASX200 closed higher Wednesday, gaining 56 points or 0.78%, as Wall Street rebounded and the local bourse followed. CIMIC Group climbed about 5% on a decent half year, Oil Search prospered for second day on the lingering whiff of a Santos merger and all sectors outside the industrials gained. Today's algorithm: ALU: ASX minus NASDAQ: ADSK equals -5% and a two-month low. And yet, ausbiz TV's Altium expert Ben Clark tells Scutty this is a company right on the edge of something special....
Jul 21, 2021•12 min•Season 2Ep. 133
The S&P/ASX200 fell away on low volume trading Tuesday, dropping 34 points or 0.5% to a new 20 day low. On the positive side, the market shrugged off an awful US lead, Delta-depression and an OPEC-inspired decline in crude prices. At opposite ends of the index, Santos (-5%) and takeover target Oil Search (+6.8%) going insta-official after revealing talk of a potential $22 billion merger of convenience. The energy sector as a whole fell 1.7%, healthcare rose 0.9%. Our top three VODs today: Or...
Jul 20, 2021•11 min•Season 2Ep. 132
The S&P/ASX200 closed lower Monday, dropping 62 points or 0.85% as soft leads and hard lockdowns gave the index its biggest single-day loss in over a month. Healthcare stocks endured on a firming USD, a suddenly Kieran Wulff-less Oil Search sunk 5.2%, while miners Chalice and Evolution lost 9.6% and 8.7% respectively. Banks did badly, but some of those materials businesses were just savaged. Not Deterra Royaties, Monday's MVP, up 3.6%. Hosted on Acast. See acast.com/privacy for more informat...
Jul 19, 2021•14 min•Season 2Ep. 131
The S&P/ASX200 closed up Friday, gaining 12 points or 0.17%. COVID weighed (delta strained) but in the end, BHP won. The great big miner hit an intraday record on the prospect of just really great big dividends. If you still need a hit of volatility after that subdued session, we've got today's cracking edition of the trade with Kara Ordway right here. Our top three VODs today: The SMSFs are hunting for equities and ETFs Sectors to buy, hold and sell Guarav Sodhi: Tabcorp's lottery arm is th...
Jul 16, 2021•13 min•Season 2Ep. 130
The S&P/ASX200 closed lower Thursday, dropping 19 points or 0.3%.A decade high for Aussie jobs data and a 1.4% rise among a resilient mining sector could not offset losses across Healthcare, the bank majors and IT stocks. Polynovo lost 8.3% and back in favour with the brokers after a handsome preliminary report, ARB Corporation gained 6.9%. For the secret herbs and spices in the Aussie jobs drop, catch today's episode of the big picture . Our top three VOD's today: The sexy expat small caps ...
Jul 15, 2021•13 min
The S&P/ASX200 closed higher Wednesday, gaining 22.6 points or 0.3%. The Buy Now Pay Later space hit by an apple-shaped surprise, Zip Co down 12% and Afterpay 9.7%. In the other lane, Spark Infrastructure screeched into a trading halt around 2.30pm after gaining 8.3% on talk of a potential buyout. For a debrief of today's RBNZ decision, just get stuck into the big picture . Out top three VOD's today: Finding value in mega-tech Why Apple's entry into BNPL will not spell the end for Afterpay T...
Jul 14, 2021•16 min•Season 2Ep. 128
The S&P/ASX200 closed down just one point on Tuesday to 7,332, surrendering the early momentum of more Wall St records. Confidence took a hit today, indicators revealing a growing uncertainty on both sides of the transaction. And yet, aside from Platinum Asset Management (-7.8%) losses were minimal. While in the winners circle, Nearmap rose 15%, and, as Henry Jennings from Marcus Today notes - there's room on the road for iCar Asia (+58%). Our top three VODS today: Jun Bei's six lockdown sto...
Jul 13, 2021•12 min•Season 2Ep. 128
The S&P/ASX200 closed up Monday on light volumes, gaining 60 points or 0.83% to 7,333. China's unexpectedly agro rate cut over the weekend gave a nip of nitro to global markets, eclipsing Greater Sydney's Greater COVID-19 problem and the dread of a lingering lockdown. The materials sector, led by BHP (3.8%) drove strong returns on the PBOC's surprise, while the major banks also rose. Australian Pharmaceutical Industries went all Branson (up 20%) on the back of a $680 million offer from Wesfa...
Jul 12, 2021•13 min•Season 2Ep. 127
The S&P/ASX200 on Friday shed 68 points or 0.9% to 7,273. The formula: Delta cases rise, markets fall. Tech took a 2.8% trim, Zip Co and Afterpay both down over 5%. And while the market fell from every angle, the travel sector surely deserves the most sympathy, the majors falling around 4%, although Webjet did manage to drop over 5%. There were few winners and Greater Sydney was not among them. Enjoy the weekend and please, toughen up Australia! Hosted on Acast. See acast.com/privacy for mor...
Jul 09, 2021•12 min•Season 2Ep. 126
The S&P/ASX200 closed up Thursday, gaining 14.5 points or 0.2% to 7,341, but the market looked listless. Energy weighed and the banks failed to launch. Still, tech continues it's mini-revival. Zip Co quietly up 13.7%, a little love still in reserve for Nuix, climbing 9.5%. And they were busy bankers at Macquarie on Thursday - joining the race for Sydney Airport and snapping up AMP Capital's Global Equities and Fixed Income business. Come Friday, come to me. Hosted on Acast. See acast.com/pri...
Jul 08, 2021•15 min•Season 2Ep. 125
The S&P/ASX200 closed up Wednesday, gaining 65 points or 0.9% to 7,326.9 on softer volumes. Tech won. Oil lost. Challenger stole the show, up 9.3% after Athene and Apollo came knocking. Almost all sectors rose while the Buy Now Pay Later crew had a day out, led by Zip Co (6.5%) and Afterpay (4.6%). Our top three VOD are: AustralianSuper CIO: the secret is to hold your nerve The infrastructure stocks to invest in Askari promises to be active Hosted on Acast. See acast.com/privacy for more inf...
Jul 07, 2021•11 min•Season 2Ep. 124
The S&P/ASX200 closed lower Tuesday, shedding 53 points or 0.73% to 7,261.8. The bourse slid into the red even before the RBA revealed a steady hand on the cash rate - unchanged and looking rather comfy at a record low 0.1%. Polynovo was the stand out among many a laggard - down 8.7%. Oil Search (5.1%) did well, as did much of the OPEC+ boosted energy sector. For complete coverage of the RBA's July interest rate decision, you can rewatch our live show here . Our top three VODs are: Old world...
Jul 06, 2021•8 min•Season 2Ep. 123
The S&P/ASX200 has finished Monday just 6.4 points higher, leaving the benchmark virtually unchanged after five fabulously volatile days of trade. For now the pause button has been applied - as US markets take a 4th of July break and we join Annette and all Aussie economists in awaiting Tuesday's next nail-biting RBA move. Interestingly, all those Aussie economists will be on on ausbiz when the decision drops at 2.30pm eastern. Monday's stand out performer was Sydney Airport, up 33.9%. Our t...
Jul 05, 2021•9 min•Season 2Ep. 122
The S&P/ASX200 closed up Friday, gaining 43 points or 0.6% to 7308.6. The market faded away into the afternoon following a strong stateside session ahead of a big US jobs read in a few hours.Energy stocks did well after OPEC+ fell over, but the very top performing company was our stock of the day, IDP Education, up 19.7% having passed a big test in India. Our top three VODs are: What Henry Jennings is buying in this "raging bull market" A barrel of buys; Trent backs these three names in the ...
Jul 02, 2021•14 min•Season 2Ep. 121
The S&P/ASX200 ended lower Thursday, dropping -47.40 points or -0.65% to 7265.6 following a heavy rotation out of financials. It's a two week low and all sectors copped it, with the exception of gold, a few steelmakers and the occasional BNPL. The first day of the new financial year saw exciting debutant Pexa Group overcome some early hurdles to close 0.1% higher at $17.15 after listing at $17.13. Our top three VODs are: Davide Bosio explains why gold never gets old and which Aussie miner is...
Jul 01, 2021•10 min•Season 2Ep. 120
