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Broker upgrades 24-28 August 2020 Redbubble (ASX:RBL) –   Morgans has upgraded its recommendation to Add from Reduce. That’s effectively a double ratings upgrade with a target price of 433c up from 54c. A 700% increase in target price. The massive upgrade comes on the back of the company’s recent profit result. The result reinforced…

Robinhood is the clear leader in a new trading sector dubbed “commission-free” trading. Google backed the platform called and it was launched to offer share trading services free of charge. Robinhood first introduced this concept five years ago to entice new investors to move away from traditional online broking systems run by the major banks….

August gains lost in a day, QBEs culture crisis, RBA looking dovish, higher open ahead With reporting season complete, markets are once again turning to economic data and vaccine hopes. It wasn’t a great start to Spring, with the ASX 200 (ASX:XJO) falling 1.8% and giving back nearly all the gains achieved in August. The…

Weak open ahead, Fifth straight month for the ASX, IOOF loads up

ASX 200 down 0.9%, Federal Reserve boosts US markets, AUD hits a 12 month high The ASX 200 (ASX:XJO) finished 0.9% lower on Friday and down 0.6% for the week; the second straight week of losses. Selling was broad-based but particularly coming from materials, down 1.8%, as Australia upped the trade war ante following PM…

New Boral CEO Zlatko Todorcevski handed down the financial year results of his predecessor and it wasn’t pretty, but it was a beat on expectations.

It was a mixed day for the market, the ASX 200 (ASX:XJO) finished 0.2% higher despite trading up as much as 0.8% during the day.

Pandemic tailwind to flow into 2021 for Woolies Woolworths Ltd (ASX:WOW) delivered a weaker than expected result, despite a 6% increase in revenue to $63.6 billion for the financial year. Net profit fell to $1.166 billion with the biggest hit coming from the mothballed Hotels division. Sales revenue improved across the board with Australian and…

The ASX 200 (ASX:XJO) fell 0.7% for the day pushed lower by dividend payouts from Telstra Corporation Ltd (ASX:TLS) and AGL Energy Ltd (ASX:AGL) among others.

One of the main themes that played out this reporting season was the absence of company dividends. The cash doled out by the largest 50 ASX listed companies was by in large withdrawn to conserve capital during the pandemic. A study released this week by Janus Henderson looked at the dividends paid out recently by…

Company reporting season is in its final stretch with roughly two-thirds of the ASX 200 having reported and another +40 companies still to go. Whilst expectations were for a painful season filled with earnings misses, guidance downgrades and massive share price losses, it has been anything but that. Rather this season has pleasantly surprised on…

The Xero Limited (ASX: XRO) share price is rising this morning after the software company announced the acquisition of Waddle