News

ASX rally slows, Origin Energy (ASX:ORG) confirms outlook, Bega Cheese (ASX:BGA) with a big buy, ASX to open lower The ASX 200 (ASX:XJO) end its winning streak following the weaker economic news from the US, the market falling 0.7% on Thursday as traders seemed to be tiring.  It was those sectors and companies that have performed strongest…

More of the same, 2020 ASX losses evaporate, Harvey Norman (ASX:HVN) falls on strong profit, US markets pointing to flat open The ASX200 (ASX:XJO) weakened throughout the day finishing 0.6% higher, but has now overcome all losses sustained in 2020 and is on track for the best November in several decades.  The sustained recovery on…

The Dow Jones was the latest index to join the all-time high club in 2020, breaching 30,000 points this week. Despite being owned by Standard & Poor’s the index is regularly seen as the poorer cousin of the S&P 500 or tech focused Nasdaq Composite. Why is that the case? Despite being around since 1896…

Rhinomed (RNO, 17.5 cents)Market capitalisation: $44 millionThree-year total return: +4.1% a yearAnalysts’ consensus valuation: n/a The Melbourne-based Rhinomed is a specialist in respiratory airway technology: it is a world-leading developer of nasal devices made from ultra-soft medical-grade bio-compatible polymers, that helps the volume of air travelling through the nose. The company has brought to market three kinds of…

This year’s Sohn Hearts & Minds Conference, an annual one-day event that brings the finance and investment community together, saw a select group of fund managers fund manager share their best stock idea for the year ahead. This year’s recurring theme without doubt was COVID-19. But grief and tragedy aside, COVID-19 has forced us to…

ASX 200 (ASX:XJO) 1.3% higher, oil price hits nine month high, AUD rallies, Dow hits 30,000 The ASX200 (ASX:XJO) saw another strong day adding 1.3% on the back of the ‘trifecta’ of COVID-19 vaccines with hopes for an economic recovery resulting in the oil price hitting a nine-month high.  As can be expected, energy stocks benefited most,…

ASX 200 at nine month high, Ampol (ASX:ALD) announces off-market buy back, US markets stronger on vaccine hopes The ASX200 (ASX:XJO) got off to a positive start to the week, adding 0.4% and hitting a nine month high.  The strength was broad-based but primarily coming from travel and energy-based sectors with the latter adding 2.8%…

ASX keeps delivering, Commonwealth Bank’s (ASX:CBA) best week since 2011, US markets flat It was a strong week for the Australian market, the ASX200 (ASX:XJO) heading 2.1% higher despite an ASX shutdown on Monday and a weak close on Friday.  The strength was clearly driven by the financial sector with CBA enjoying its best week…

Seek (ASX:SEK), BlueScope Steel (ASX:BSL) upgrade guidance, unemployment surprises, US markets offer positive lead The Australian market (ASX:XJO) eked out a fourth straight gain finishing 0.2% higher with the financial and IT sectors the biggest contributors; up 1.2% each.  For the financials Westpac Banking Corporation (ASX:WBC) led the way adding 2.3% after the release of better than…

ASX delivers third straight increase but weak open ahead, Crown (ASX:CWN) shutdown, anaemic wage growth The ASX200 (ASX:XJO) experienced another positive, albeit somewhat mixed, day with the banking sector (+1.7%) forcing the market higher by 0.5%.  The travel sector was the key detractor as an outbreak in South Australia combined with profit taking hitting confidence. …

In a year of pandemic-forced lockdowns, record high government spending, lower corporate earnings and zero growth in interest rates, asking for a high dividend is a little Oliver Twist-like: “Please Sir, I want some more.” Even the most reliable of “reliable” dividend-paying companies ditched or lowered their dividend payouts because it simply wasn’t feasible to…

Australia is facing yet another round of export bans after Chinese authorities knocked back tonnes of lobsters, timber from Queensland and barley from a second grain grower. Without warning, paid goods that had arrived at ports were sent back in what is known as a ‘soft ban’ that falls outside of current trade agreements. Authorities…