As Australia gears up to open its borders, the local equity market is positioning itself for higher inflation and higher bond yields. DNR Capital’s portfolio manager, Sam Twidale, says the “winning stocks are coming from the value and cyclical sectors such as Resources and Energy, especially in the small-cap sector.” Inflation has also changed from…
It’s been an extraordinary year for cryptocurrency. From Bitcoin hitting US$1 trillion ($1.4 trillion) in market value to Elon Musk’s Dogecoin tweets, it’s been a record year for the digital asset class, which, according to CoinGecko, surpassed US$3.3 trillion ($4.6 trillion) in total value as of last Monday. It does set up some big expectations…
GameStop Corp (NYSE:GME) – GameStop is back. The US video game, consumer electronics, and gaming retailer has unveiled a new partnership with blockchain-based non-fungible token (NFT) platform, Sydney, Australia-based Immutable X (Ethereum token), in a move to expand into the NFT ecosystem. GME shares rose 3 per cent on the day. It seems GameStop is…
After much deliberation, Australia has made the move to reopen its international borders to fully vaccinated tourists from February 21. Prime Minister Scott Morrison ended one of the world’s strictest and longest-running pandemic travel restrictions, saying, “It’s almost two years since we took the decision to close the borders to Australia.” The impact of Australia’s…
Last week shares in Meta Platforms (the former Facebook) slumped by 26%, erasing some US$251 billion ($353 billion) in value, marking it as the biggest single-day wipe-out in history. It also dragged down shares in Snap, Pinterest and Twitter. So, what happened? Some are putting it down to a dreadful earnings result from Meta, which…
Start-up app CredShare has successfully raised $2.8 million on the back of its cutting-edge credentials platform, and how it has changed the lives of many users. What exactly do we mean when referring to credentials? It’s everything from university degrees, to post-graduate qualifications, to particular job requirements such as the responsible service of alcohol (RSA)…
Nick Griffin’s Munro Partners has launched a climate fund providing investors exposure to carbon solutions. Griffin says “We’ve reached this point where now its simply a cost-benefit analysis. And while the heating of the planet will slow over time, it’s clearly not on the trajectory that we need it to be. So what people and…
Airtasker (ASX:ART) – Shares are up almost 15 percent at the time of writing following record growth numbers announced in the company’s 2Q operational update. The home services app recorded 39% growth quarter on quarter in Gross Marketplace Volume (GMV) to $48.6m. Q2 revenue increased to $8.1M (up 37.5% on previous quarter and 16.6% on…
Few companies represent the last two years of movement in stockmarkets better than Ark Invest. Under the leadership of Cathie Wood, the group went from close to zero, to hero amid the pandemic, only to be sold down heavily in the current tech selloff. Their approach is simple, take a very-long term view on the…
The team at Plato Investment Management is confident the year ahead is going to be a good one. Global shares are tipped to rise, following what was a strong 2021. The team recently released a report showing that dividend income was on the rise. According to the report, “North America & Japan were relatively flat,…
