Another day, another global technology rally sending markets higher. The S&P 500 and Dow Jones both improved 0.6% but it was the NASDAQ driving market returns improving 1.1% as both Adobe Inc. (NASDAQ:ADBE) and Amazon Inc. (NASDAQ:AMZN) hit new all-time highs.
Another day, another global technology rally sending markets higher. The S&P 500 and Dow Jones both improved 0.6% but it was the NASDAQ driving market returns improving 1.1% as both Adobe Inc. (NASDAQ:ADBE) and Amazon Inc. (NASDAQ:AMZN) hit new all-time highs.
The Altium (ASX: ALU) share price is down 7% in early trading after giving a business update. What is Altium? Altium is an Australian multinational software business that was founded in 1985. It now has offices globally in places like San Diego, New York, Boston, Munich, Shanghai, Tokyo and Sydney. Its software focuses on electronics design systems…
The sharemarket has factored-in an ugly FY20 reporting season, with consensus forecasts projecting a 15%-20% decline in company earnings for FY20, hammered by the Covid-19 pandemic and the resultant economic slowdown. And the consensus is not very optimistic for FY21, either, with flat expectations. Analysts are possibly a bit too pessimistic, says Hasan Tefvik, strategist…
AustralianSuper chief investment officer and deputy chief executive, Mark Delaney, says bonds provide a diversification benefit but not as much as in the past because now yields are so low. Speaking at a Bloomberg investment webinar last week, Delaney said: “We will be looking for other sources of diversification. Those might include unlisted assets, currency…
The Australian Taxation Office has announced it will take no prisoners in situations where applicants are found deliberately exploiting the early release super system. The tax office has already stopped applications and prevented super money from being released and reviews circumstances after an application has been processed. Members, who have lost their job or had…
This week we take a look at Wesfarmers who is a key beneficiary from the Work From Home trend during COVID-19 lockdowns. WES is a diversified conglomerate with operations across retail department stores, home improvement, office supplies, resources, chemicals, energy and industrial products. Primarily though, the company is a consumer-facing business due to its…
Here’s a chart I included in our Value Investor Program last year when I hosted value investing workshops in Melbourne, Sydney and Brisbane (note: the program is now fully available online). Source: Rask Australia, based on the fantastic book called, The Gorilla Game. The chart is our take on the ideas put forward in the brilliant…
A record result for retail sales albeit off a low base, up 16.3% in May, triggered another strong rally in the ASX 200 (ASX:XJO), though it wasn’t enough to offset the threat of more shutdowns with the market finishing up just 0.1% for the day and 1.6% for the week
A record result for retail sales albeit off a low base, up 16.3% in May, triggered another strong rally in the ASX 200 (ASX:XJO), though it wasn’t enough to offset the threat of more shutdowns with the market finishing up just 0.1% for the day and 1.6% for the week
