As we say goodbye to a volatile financial year, most investors are glad it’s over and can’t wait to say hello to FY23. Markets will be hoping that this new financial year will bring about calmer trading conditions with fewer geopolitical tensions and no devastating pandemics.
Following two years of heightened volatility, brokers are already out making grand declarations and stock predictions of what will transpire in the new financial year. Macquarie, one of the first to put together its dream portfolio built to survive a recession, believes the bear market we are currently experiencing is split into two parts.
Cinemas operators have faced significant challenges over the past five years, primarily due to the impact of Covid and its many lockdowns. Intensifying competition from Netflix and other streaming services has also negatively affected industry demand. According to IBISWorld, industry operators have responded by investing in new equipment and promoting new experiences to attract patrons back to cinemas.
Collins Foods (ASX:CKF) has posted a better-than-expected profit result for the financial year, which has pushed the share price up more than 11 per cent.
A look at some of the broker calls following the end of “confession season” where listed companies seek to get guidance and upgrades out ahead of their full-year reports.
Young investors are seemingly undeterred by the equity market volatility, according to share trading app Pearler. Pearler claims that on average, eight out of ten trades by its young customers are on the buy-side, versus two trades on the sell-side.
AXA has launched two new green strategies as part of its plan to expand investment portfolios and rollout into Australian markets. The AXA IM Global Green Bond Fund and the AXA IM Clean Economy Equity Fund will join AXA IM’s flagship Sustainable Equity Fund, which was launched back in 2014.
Following the IPO bonanza in 2021, it looks like much of the strong, positive momentum failed to materialise in 2022. The IPO market in 2021 recorded the highest number of new floats in a decade, more than the previous two years combined.
It’s time to start buying quality stocks that have fallen sharply over the last six months. This is the view held by Roger Montgomery, founder of Montgomery Investment Management. Given that valuations have come off, Montgomery believes investors have a far better chance of making attractive returns buying now; with one big caveat – that these businesses grow their earnings.
With markets starting to turn mildly positive, the driving factor seems to be cautious commentary from the RBA after several weeks of fuelling fears of a recession due to aggressive rate hikes.
