Solid finish for the local bourse - the top 200 was up the best part of half a percent. S&P 500 futures up around 0.4%, pointing to a strong open for Wall St tonight. Check out Scutty's view on spoos below. Sadly, Qantas announced another 2,500 jobs would go, which was obviously seen as a positive for the company's prospects with the share price closing up 2.4%. Meanwhile, the Afterpay juggernaut rolls on - a new high of $93.50 today after a number of brokers upgraded the stock... Hosted on ...
Aug 25, 2020•12 min•Season 1Ep. 77
A choppy day for the ASX200, which finally closed 0.3% in the green. Data from Morgan Stanley today re-affirmed the ASX's status as the global laggard in terms of both AUD and USD returns, as a function of the domination of the big four banks. A impressive FY20 result for Fortescue Metals (FMG), with net profit up 49% to $4.74 billion. A new week, a new record high for Afterpay, after announcing it will expand into the EU after the $82 million purchase of Spanish fintech, Pagantis. Not surprisin...
Aug 24, 2020•11 min•Season 1Ep. 76
A underwhelming end to the week for the ASX 200, despite a good lead in from Wall St, Asian markets in the green and strong results from Suncorp. Webjet rebounded after taking a hit yesterday while IEL and CSL were down after strong showings earlier in the week. Our top three VODs today are: SUN CEO: "The bank has got great opportunities" Resilience and sustainability are the two buzzwords this earnings season Growth trumps profits at Redbubble Hosted on Acast. See acast.com/privacy for more inf...
Aug 21, 2020•10 min•Season 1Ep. 75
The ASX200 closed down 0.8% today after flirting with the 6,200 level yesterday. Afterpay struck yet another record high of $82 following upgraded guidance. Wesfarmers' full-year NPAT was up 8.2% to $2.1 billion but shares closed down in light of the the half billion dollar writedown of its Target stores. Nevertheless, as CEO Rob Scott told us today, he's got a lot dry powder to play with. Watch the interview with Rob and our other top VODs below: A Bunnings aisle of opportunity Hosted on Acast....
Aug 20, 2020•12 min•Season 1Ep. 74
A solid day on the local bourse with the Top200 closing up 0.85% and the ASX200 nudging the 6,200 level. Wisetech Global was the star today - up 34% after net profit surged almost 200%! After the S&P500 hit an all-time high last night, it's looking like Wall St is in the mood for another tear, with out of session futures up 0.2%. Another huge day of results tomorrow with QAN, WES, CCL, FLT and ORG among those out. Our top three VODS today are: OZ Minerals CEO: It's our responsibility to lean...
Aug 19, 2020•14 min•Season 1Ep. 73
Tech stocks followed Wall St's lead today, pushing up the ASX200 by 0.8% at the close. Monadelphous (MND) surged 19% after reporting a 28% drop in NPAT, which was put down to a relief rally. Cochlear (COH) was also up despite a $239 million loss, with investors taking the view that the worst was behind the company now that the US patent case is out of the way. You can watch our interview with CEO Dig Howitt below. Finally, a big thank you to you, our readers, who have helped us hit the milestone...
Aug 18, 2020•14 min•Season 1Ep. 72
No rhyme or reason to the market today with the ASX200 closing down 0.81%. Chinese markets were up this afternoon but the Nikkei was down 0.8% thanks to worse than expected GDP numbers. JB Hi-Fi was the star performer results-wise today, with profit up 21% to just over $300 million thanks to all the big screen tellys and other goodies that Australians bought during the lockdown, not to mention early access to super. Things were not so rosey for BEN and BSL, which saw profit down 49% and 915 resp...
Aug 17, 2020•14 min•Season 1Ep. 71
A solid but unspectacular close to a choppy week. The ASX200 flirted with the 6,200 level before closing up 0.6% at 6,126. The market seems to be in a holding pattern with uncertainty abounding as we head into peak reporting season next week. The RBA's Phil Lowe made it clear today that the RBA would be keeping its powder dry for the time being, despite some commentators saying that QE should be more extensive than just targeting three-year yields. Our top three VODs for today are: There is no r...
Aug 14, 2020•12 min•Season 1Ep. 70
After the S&P500 nudging record highs last night and positivity in Asian markets today, the local ASX200 index closed down 0.7% thanks largely to a rotation out of financials. The banks were hosed - CBA down 2.6%, ANZ down 1.6%, NAB down 1.5% and WBC down 1.3%. A few misses on the reporting season front also dragged the market down, particularly Telstra following a 14% drop in FY20 net profit to $1.8 billion. Big day tomorrow - AIA, BBN and NCM reporting full year, China's 'data dump' and Ph...
Aug 13, 2020•14 min•Season 1Ep. 69
The ASX200 came home strongly after a weak lead in from Wall St but still closed down 0.11%. Reporting season is in full swing with Comm Bank and Seek out today with Australia's biggest bank reporting a cash profit of $7.3 billion and Australia's biggest job site down more than 8% after a FY loss of $111.7 million. Live on ausbiz, CBA CEO Matt Comyn told Kochie that the economic contraction had not been severe as the bank anticipated, but we're not out of the woods yet. Also, live on ausbiz, See...
Aug 12, 2020•14 min•Season 1Ep. 68
After a morning surge of over 1%, the ASX200 lost momentum this afternoon to close up just 0.5%. The positive atmosphere continued for the discretionary retailers who can't seem to put a foot wrong. James Hardie closed up 5.9% on news of a rise in full-year profit, despite Q1 net profit diving 89%. CBA reports first thing tomorrow. Don't miss Kochie's interview with CEO, Matt Comyn, live at 2:10pm AEST. Our top three VODs today: CQE looks to change the mix post-pandemic Finding value in global e...
Aug 11, 2020•11 min•Season 1Ep. 67
The Australian market open the strongly week rising 1.9% following the latest job support measures announced in the United States by President Donald Trump over the weekend. With holidays in Japan and Singapore, Seoul's KOSPI and the Shanghai Composite were also in positive territory while Hong Kong's Hang Seng dipped. Will investors be pleasantly surprised this week as more earnings news comes out? Our top 3 VODs are: CEO Chat: The coronavirus has reinforced the brilliance of the Australian hea...
Aug 10, 2020•14 min•Season 1Ep. 66
Trump's threats to shut out TikTok and WeChat seem to have soured sentiment across the region with the Shenzen composite down over 2.5%. The RBA SOMP again flagged a protracted recovery which added to the gloomy atmosphere. The ASX200 closed down 0.62% with big days for FLT (up 6.3%), CTD (up 6.4%), CLW (up 5%) and SGR (up 4.5%). US out-of session futures are also down, pointing to a soft start for Wall St tonight... Our top three VODs are: CEO Chat: The Melbourne professor turned part-owner in ...
Aug 07, 2020•12 min
Today's market closed up 0.6% after similarly size gains on Wall St last night. The miners led the charge thanks to stronger iron ore, oil and gold prices with BHP up 4.9%. Out of session futures point to a fairly flat open tonight, with Uber the big name reporting. Our top three VODs today are: Marcus Padley: This is a "very dangerous" reporting season Resmed CEO: Q4 net profit up 84% but "it will be a U-shaped recovery for our business" "I came here to put my money where my mouth is" Hosted on...
Aug 06, 2020•13 min•Season 1Ep. 64
The local bourse was down 0.6% today, with the higher Aussie dollar negatively impacting offshore earners, US fiscal negotiations dragging on and Chinese PMI data coming in below expectations. Banks and healthcare were the big losers while the materials sector was the one bright spark. Gold miners were helped by a record price of US$2,030 an ounce for the yellow metal last night. Splitit jumped 10% after filling the $90 million insto component of it's $100 million cap raise... Our top 3 VODs are...
Aug 05, 2020•15 min•Season 1Ep. 63
Another Turnaround Tuesday with the techs following the NASDAQ's lead - the IT sector was up 3.2% for the day, led by BNPLs with the ASX200 closing up 1.9%. Strangely, the cyclicals were also up. Odd given the news out of Melbourne yesterday. Will be interesting to see if the market can continue to ignore bad news.Our top three VODs today are: Logic does not always apply in Washington says AGF Investments Expensive wine is the cure to lock-down woes Reporting season: It all comes down to outlook...
Aug 04, 2020•11 min•Season 1Ep. 62
The bank holiday and COVID fears kept the market subdued today with the ASX200 finishing flat. Gold miners and healthcare continued to outperform with CSL up around 2.6%. The tightening of lockdowns in Victoria reflected unfavourably on the banks - ANZ down 4.1%, CBA down 1.8%, NAB down 4.1% and WBC down 3.5%. Our top three VODs today are: Number one wish from the government, stability. Reporting season will give us a much needed rebase of company valuations Closing the loop with Neometals Hoste...
Aug 03, 2020•12 min•Season 1Ep. 61
A fourth consecutive month of gains for the ASX despite today's 2% drop for the ASX200. A broad based slide was led by energy, financials and materials with no real gainers to speak of. It was the usual month-end sell off coinciding with the release of troubling US economic data. Out of session US futures point to a soft open on Wall St tonight. Our top three VODs of the day are: CEO Chat: Boart weathers the difficult decisions Hydrix's Guardian AngelMed Straight As for Big Tech Hosted on Acast....
Jul 31, 2020•11 min•Season 1Ep. 60
Very much the same old message from the FOMC last night with Chairman J Powell remaining dovish in tone. And in response... markets rallied. The ASX closed up around 0.7% with tech and telcos leading the way. Big night ahead in the US with Facebook, Apple and Google all reporting after their tongue lashings from Capitol Hill's antitrust committee. Our top three VODs today are: Marley Spoon into the green Fortescue already looking to the next decade Pricing markets as if the virus is going to be ...
Jul 30, 2020•12 min•Season 1Ep. 59
The ASX followed Wall St's soft lead with caution gripping the market ahead of a number of risk events. The US negotiations on the next stimulus support package are in progress and the big techs, Apple, Google and Facebook report tomorrow. At home, the banks and insurers got a boost from APRA easing of dividend restrictions and consumer staples were up. Tech and miners were hosed....Rio's result after the close saw dividends lifted despite lower net profit. Our top three VODs of the day are: Up ...
Jul 29, 2020•14 min•Season 1Ep. 58
It was turnaround Tuesday with a reversal of sentiment in the gold and the USD helping to drive down the market this afternoon after a strong open. The materials sector led the gains thanks to the iron ore miners - FMG (up 3.18%), BHP (up 1.7%) and RIO (up 1.2%). Energy led the falls, followed by consumer cyclicals and healthcare. Gold miners also erased most of yesterday's gains. Our top three VODs of the day are: We are about to enter into a "once in a lifetime" reporting season Raiz raises th...
Jul 28, 2020•12 min•Season 1Ep. 57
The yellow metal hit a record high of US$1,943.92 an ounce today. Miners Saracen (up 5.2%), Ramelius (up 3.6%), Newcrest (up 4.9%), Northern Star (up 4.1%), Saracen all had big days as a result. Silver is also getting in on the party - up 6% today. Overall, a fairly subdued day's trade, with the ASX closing up 0.3% with geopolitical tensions and rising COVID cases souring risk appetites. Our top three VODs of the day are: Buying FAANGs is a dangerous game. Go for tech-focused industrials. CEO Ch...
Jul 27, 2020•12 min•Season 1Ep. 56
The ASX followed the soft lead in from Wall St, which was down on increased US/China tensions and news of increased jobless claims. Utilities were the big gainers with the tech sector leading the losers. The Aussie dollar has dipped slightly to under US70 cents. Chinese markets dropped today after China ordered the closure of the US Chengdu consulate. There are no winners in this game... Our top three VODs today are: Dicker Data is a now a billion dollar baby A golden track record for Evolution ...
Jul 24, 2020•10 min•Ep. 55
Ramped up China/US tensions and US fiscal negotiations seemed to keep a lid on the market today - the ASX200 closed up 0.3% after trading in a tight range all day. The Aussie dollar remains comfortable above the 70 cent mark, currently buying around US71.5 cents. A sobering economic and fiscal update from the Treasurer today, with real GDP forecast to drop 3.75% this year and monster deficits ahead. Nevertheless, we are in a pretty good position by international standards, according to ANZ's Che...
Jul 23, 2020•13 min•Season 1Ep. 54
After yesterday's JobKeeper-induced excitement, the market was back to earth with a thud today. Surges in Victorian COVID cases to a new high of 484 made for a subdued mood and a lift for gold miners. The AUD is sitting comfortably above 70 cents at 15-month highs - also up against the pound, euro and yen. Our top three VODs today are: All aboard the silver train! The Aussie medtech making breakthroughs in durable heart valves Xinja to Dabble in the US markets Hosted on Acast. See acast.com/priv...
Jul 22, 2020•10 min•Ep. 53
The government finally dropped the news that JobKeeper and JobKeeper would stretch until March next year and maybe even until the 2021 election according to Scomo. Hmmm... A glimmer of hope for a vaccine from Oxford Uni no doubt added to the positive mood. The ASX200 closed up 2.5% with techs leading the way thanks to a record high lead in from the NASDAQ. Our top three VODs today are: Fidelity's Howitt: It's the "classic widowmaker" in equities Playing politics instead of rising to the opportun...
Jul 21, 2020•11 min•Season 1Ep. 52
Rising coronavirus cases in NSW and no real decline in Victoria gave investors the yips, with the ASX200 closing down 0.5%. Gold is back in favour with energy and telcos leading the drops. Consumer discretionary and financials were also under pressure with tech and materials partially offsetting the declines. Out off session futures are down 0.3% pointing to a flat open for Wall St tonight. Our top three VODs are: Positioning your income ahead of a difficult earnings season A stock picker's mark...
Jul 20, 2020•11 min•Season 1Ep. 51
A pedestrian market market today, closing up 0.4%. BNPLs recovered much of the steep losses of this week. Fortescue hit new records after a strong rally in prices earlier in the week. US out-of-session futures up, pointing to a positive open for Wall St but Netflix after-market down 10%. Our top three VODs today are; "Tesla is really juicing their financials" Stage Four could cripple the real estate market Reporting season's looking grey, being neutral is the way Have a great weekend! Hosted on ...
Jul 17, 2020•10 min•Season 1Ep. 50
The local market reversed some of yesterday's gains, with mixed data coming through. Chinese economic data was relatively upbeat (except for retail sales) while the ABS reported a 22-year high unemployment rate of 7.4% for June. Banks and iron ore miners led the losses with the tech sector down 1.2%. BNPLs took a major hit - Z1P down 10%, SZL down 7% and APT down 1%.Our top three VODs today are: How robust the recovery is will influence labour markets Blackrock: The future is running at us Pub g...
Jul 16, 2020•12 min•Season 1Ep. 49
The local market received an injection of optimism today in the form of news that Moderna's COVID-19 trials were showing 'promising' results. Talk about deja vu all over again! Anyway, the ASX closed up 2% - also helped by a positive lead from Wall St - with miners, tech and healthcare leading the way. The optimism also flowed into the Aussie dollar, which rallied up to that US70 cent mark that it's been threatening to punch through for so long. ABS unemployment numbers out tomorrow but, as Scut...
Jul 15, 2020•13 min•Season 1Ep. 48
