ASX

Despite the headwinds caused by Covid-19, its lockdowns and supply chain disruptions, the February 2022 reporting season delivered positive earnings momentum. Blackmore Capital’s Marcus Bogdan says net earnings upgrades to S&P/ASX 200 profits were  0.9% or $1.3bn, the second strongest result since the global financial crisis.  Bogdan goes on to say, “Reporting had some pleasant…

Last week, Amazon announced its first stock split, where each shareholder will receive 19 additional shares for every share they already own. This means an investor who has 10 shares will now own 200, but the total value of their holding will remain the same. A stock split is purely cosmetic and doesn’t alter the…

The Rio Tinto Limited (ASX: RIO) share price has dipped 4.6% today despite announcing the proposed acquisition of Turquoise Hill. Anchor your portfolio with these top 20 dividend growth ASX shares The iron price fell 6.2% overnight, leading to losses across the iron ore miners including Fortescue Metals Group Limited (ASX: FMG) and BHP Group Ltd (ASX: BHP). What is the offer?…

The Zip Co Ltd (ASX: Z1P) share price is down 80% over the past year as the buy-now-pay-later (BNPL) sector loses its shine. Excluding the March 2020 market crash, the Zip share price is at levels April 2019 (nearly three years ago!). Will the recent acquisition of US-based Sezzle Inc (ASX: SZL) turn things around? Let’s find out. Z1P share price…

The ASX share market has not been kind to some high-quality ASX growth shares. I’d be very happy to buy some of them. Share prices going down does not mean a business is lower quality. It simply means that sellers are willing to offload shares at a discounted price. I’m happy to take shares off their…

Investors are piling into the safe-haven asset following the crisis in Ukraine. Dubbed the “currency of last resort,” gold is often seen as a safe-haven asset in times of market turmoil, because it retains its value during a time of crisis. Going back in history, gold has been considered a store of value for quite…

The war in Ukraine has no doubt sent vibrations through the Australian market however there are a handful of companies that may see their profits boosted during a conflict. The rule of thumb is; global equities remain under pressure in the lead up to a conflict as uncertainty and weakening sentiment creep in. Once heightened…

The Xero Limited (ASX: XRO) share price is down 37% over the past six months. Revealed: 5 ASX tech shares I’d consider buying today Usually, this would be a buying opportunity. But investors seem to be lukewarm to snatching up Xero shares recently. Here’s why shares have fallen and where they could be heading next. What is…

The Fortescue Metals Group Limited (ASX: FMG) share price could rise or fall from here. I don’t just mean that share prices can do anything, of course they can. I’m saying there are sizeable positives and negatives for the business. Over the last 12 months, the Fortescue share price has been above $26 and below $14. But…

After years of US high-growth tech dominance, the sector has fallen out of favour as the world moves past Covid-19. In its place are the overlooked “value” stocks, such as energy and consumer staples. With interest rates set to rise, investors are actively buying value stocks. But as they do, the question is, how to…

Raiz (ASX:RZI) – The popular millennial investment app has posted a bumper second half profit result supported by strong growth in funds under management and rising member numbers. This has placed the company in an enviable position, confident of its FY22 outlook. In total the platform hit FUM of $799.6m and its customer numbers were…

CIMIC (ASX:CIM) – Shares in the multi-national building and engineering contractor surged last week, with CIMIC up 30 per cent on the back of an overseas takeover bid to mop-up one of Australia’s largest construction companies. The Spanish giant ACS, has lobbed a $1.5bn bid to end CIMIC’s long-running history on the ASX (as Leighton…