ASX

Market surge continues, Magellan founder speaks, Telstra dominates The S&P/ASX200 (ASX: XJO) continued its positive run, gaining another 1.3 per cent with every sector of the market finishing higher. The standouts were the technology, communications and materials sector, which all gained 2.1 per cent. The buy now pay later companies finally saw a reprieve, with Zip Co (ASX: Z1P) topping the…

Portfolio manager Dougal Maple-Brown of Maple-Brown Abbott paints a promising picture for value to outperform in the year ahead, following a strong performance for his firm’s Australian Share Fund, both quarterly and yearly. The fund outperformed the market by 10%.  Looking forward, Maple-Brown points out interest rates as being one of the main reasons for…

The Magellan Financial Group Ltd (ASX: MFG) share price will be on watch today after the funds management firm announced the resignation of Chief Executive Officer (CEO) Brett Cairns overnight. It’s been a turbulent year for the Magellan share price, sinking 41% over 2021. MFG share price End to 14-years of service Magellan cited personal reasons for Mr Cairns exit. Current…

The future of the S&P/ASX benchmark may well have been on show this week when Standard & Poor’s delivered the latest update to their key indices. There was little change at the top of the market, with neither the ASX20 or 50 seeing any new inclusions. That said, there are a number of major events…

Treasurer Josh Frydenberg is going to introduce new payment laws that could affect newer key players like Apple (NASDAQ: AAPL), Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P). New payment laws According to reporting by various media, such as the Australian Financial Review, the government is going to introduce laws that will regulate the various newer players in the payments space….

ASX records third straight gain, RBA holds rates steady, Zip surges on update Positive news from the White House on the severity of the Omicron variant supported another surge in the S&P/ASX200 (ASX: XJO), which gained 1 per cent, taking the winning streak to three straight days. Consumer-facing companies, particularly travel stocks, lead the way with the sector up 1.6 per cent, slightly…

BNPL rout sinks market, Boral sells fly ash, Bapcorp chief out The S&P/ASX200 (ASX: XJO) managed to eke out a tiny gain of just 4 points on Monday overcoming a mixed overseas lead. This was despite significantly selling pressure facing the technology sector, but more specifically Buy Now Pay Later groups including Afterpay (ASX: APT) and Zip Co (ASX: Z1P). The sector fell 2.2 per cent…

Positive finish to volatile week, Novonix tanks, CSL lining up big deal An increasingly volatile week finish on a positive note, with the S&P/ASX200 (ASX: XJO) gaining 0.2 per cent on Monday, trimming the weekly loss to just 0.5 per cent. The famous Sohn Hearts & Minds Conference attracted all the attention with Berkshire Hathaway founder Charlie Munger delivering some scathing commentary. On Friday…

The Wesfarmers Ltd (ASX: WES) and Woolworths Group Ltd (ASX: WOW) rivalry has been reignited today after Woolworths lobbed a $1.75 per share offer for Australian Pharmaceutical Industries Ltd (ASX: API). Previously, Wesfarmers had made a binding offer of $1.55 per share for the pharmacy chain, which had been recommended by the API board. The deal looked largely complete until Friday’s shock announcement. Wesfarmers and…

Sustained strong performance has not caused complacency at global equity manager Munro Partners which this week announced the launch of a new ‘climate’ dedicated equity strategy. After successfully navigating the taper tantrum, Trump election and the pandemic, CIO Nick Griffin has identified what Munro believes is a $30 trillion opportunity and split its climate “area…

The Link Administration Holdings Ltd (ASX: LNK) share price is on the move, after the company received a takeover proposal (Friday.) Currently, the Link share price is up 11.78% to $4.84. LNK share price What was announced? Private equity outfit The Carlyle Group has made a conditional non-binding offer to acquire 100% of the shares in Link. The proposal…

Few companies have dominated the popular zeitgeist like pay television streaming service Netflix. Similarly, few companies have been such a lightning for what is both good and bad about so-called growth stocks. According to market analysis, Netflix was the top performing stock in the S&P500 for the entirety of the 2010’s, delivering a return of…