ASX

ASX finishes flat, earnings season gathers steam, Magellan, AMP surprise The S&P/ASX200 (ASX: XJO) traded flat throughout the day, ultimately gaining just 1.7 points as strength in the real estate sector (up 1.6%) offset more weakness in energy and consumer staples, both of which were down over 1%. Whilst the US successfully navigates another earnings season the Australian market…

China’s economic growth has gone from bad to worse – on the Middle Kingdom’s lofty statistical standards, that is – after official data showed that third-quarter GDP came in at 4.9 per cent annual, short of the expected 5.0 per cent predicted by analysts. It was also three percentage points lower than the 7.9 per…

Blackmore Capital has fine-tuned its Australian equities income portfolio after the mammoth bull run in CBA’s share price triggered a response from the team. Co-founder and CIO of Blackmore Capital, Marcus Bogdan, said, “on a 12-month basis CBA has delivered a total return of about 58%, outperforming the S&P/ASX200 by about 35% and its major…

After reading the company name Alliance Aviation Services Ltd (ASX: AQZ) you most likely want to close this tab on your browser. Why would I be interested in adding an airline to my watchlist?  Bear with me. I think by the end you will see why this isn’t your typical passenger carrier. AQZ share price AQZ share…

The Pilbara Minerals Ltd (ASX: PLS) share price is in focus after the lithium and tantalum producer announced plans for solar energy in its progress towards net-zero emissions. Pilbara Minerals is an Australian lithium company that owns and operates its Pilgangoora project in the Pilbara region in Western Australia. It is one of the world’s largest hard-rock…

As the world gets ready to emerge from its Covid hibernation, low inventory levels, supply chain disruptions and booming demand for semiconductor chips have brought about an economic dislocation which is receiving considerable attention. Portfolio Manager Denny Fish and analyst Shaon Baqui at Janus Henderson Investors have released a research note for investors, outlining the…

Tech succumbs to mining, ASX weaker, Tabcorp, Cochlear updates The S&P/ASX200 (ASX: XJO) weakened throughout the day ultimately finishing 0.1% lower with a resurgent technology sector (up 1.6%) unable to overcome a continued sell off in the mining (-1.4%) and energy sector. Annual meeting season is upon us with investor poring through announcements for more guidance into an increasingly uncertain economy. A2 Milk (ASX: A2M) and Zip…

ASX rallies on multiple mergers, Hub24 expands, Praemium delivers After the unexpected end of Victoria’s lockdown that only way was up for the market, with the S&P/ASX200 gaining 0.3% to start the week. Whilst not a large gain it hid a further divergence in cyclical versus defensive sectors with materials, energy, financials and utilities all up strongly, but healthcare, tech and real…

ASX breaks losing streak, mining firms, Treasury juiced, travel boost The S&P/ASX200 (ASX: XJO) managed to break a three-week losing streak to finish 0.6% higher over the five trading days. It was ultimately driven by a strong Friday session, the market up 0.7%, which benefitted from a strong start to the US earnings season but more importantly,…