ASX

“Patience is a virtue” may well be the best way to explain the performance of the Australian sharemarket in the March quarter. As the rest of the world, but particularly fast-growing technology stocks listed on the NASDAQ entered free fall, the local S&P/ASX200 benchmark bucked the global trend to deliver a return of 2.2 per…

You might not have heard of Pinnacle Investment Management Group (ASX: PNI), but you’ve likely heard of or invested in one of its 16 affiliate managers. Founded by investment management doyan Ian Macoun -who is currently Managing Director and owns 9.6% of the company – Pinnacle provides the seed capital, administration, and distribution for upstart…

It’s not quite a 1980’s style corporate raider attempt, but it’s pretty darn close. Australia’s 4th richest man is trying to disrupt the dissembling of the country’s largest energy generator and retailer. After previously trying to buy the whole company twice, MikeCannon–Brookes, through his holding company Grok Ventures, has effectively secured 11% of AGLEnergyLimited (ASX:…

In the US, corporate earnings season is in full swing, and it couldn’t come at a worse time. Investors are fleeing away from risk and to safety putting the market in a bearish unforgiving mood. Companies that have missed expectations have been absolutely smashed. According to FactSet, 70 per cent of S&P500 companies that have…

Bank reporting season is almost done with three of the four major banks have already posted their results. WBC, MQG and ANZ have reported. CBA is the remaining bank left to report. ANZ reported last Wednesday and whilst it was about 4 percent below market expectations, the market was happy. Albeit because the market was…

Informally known as the millionaire factory, it may be time to rename Macquarie Group Ltd (ASX: MQG) the billionaire club. On Friday the company reported a record $4.7 billion annual profit for FY22 as it took advantage of extreme market gyrations, supply chain constraints, and the shift to green energy. The key headline numbers include:…

A strong argument could be made that Deterra Royalties Limited (ASX: DRR) is the most simple business on the ASX. Originally spun off from Iluka Resources Limited (ASX: ILU) in 2020, the company owns six royalty agreements, which entitles the business to a clip of revenue production over the defined mining area. Each quarter it…

After months of central banks kicking the can down the road, inflation is beginning to entrench itself. Businesses are reporting rising input prices. Households are being hit with bigger bills. And markets continue to swing wildly. Here are five ASX shares to protect your portfolio from inflation. Supermarkets don’t exactly scream sexy, exciting, or invest…

Last week’s CPI print from the Reserve Bank of Australia (RBA) revealed a 5.1% increase, well above the central bank’s target band of 2-3%. The increase had been anticipated by the market given the flurry of quarterly updates by ASX during April highlighted inflation across various sectors with no clear end in sight: Audinate, the…

Stockbroker and wealth manager Morgans has released its “best ideas” paper, which outlines the broker’s best ideas offering the highest risk-adjusted returns over a 12-month timeframe supported by a higher-than-average level of confidence. They are also the broker’s most preferred sector exposures. Here are six of its best picks: Wesfarmers (ASX:WES) – Large-cap idea –…

It’s been a bumpy ride for the BHP in 2022, with the share price of Australia’s now largest company resembling more of a rollercoaster than a blue-chip company. In the last two weeks alone, the BPH share price fell top to bottom 15% – eliminating $50 billion in market capitalisation – before recovering part of…

The Zip Co Ltd (ASX: ZIP) share price is under the spotlight after releasing its FY22 third-quarter update. Growth continues for Zip The buy now, pay later business told investors how it performed in the three months to 31 March 2022. Group quarterly revenue increased by 39% year on year to $159.2 million. This came after transaction…