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It’s been a rough couple of weeks for CBA, with shares suffering their worst single-day sell-off since March 2020. The sell-off was due to investors dumping the big bank following what was seen as a disappointing  squeeze on profits caused by the record low cash rate and fierce home loan competition. CBA says its net…

Having dodged a bullet with its Victorian casino and gaming licence, Australia’s largest entertainment group, Crown Resorts (ASX: CWN) is back. Shares have risen from $8.64 in July this year to $11.33, staging a remarkable recovery of around 31%. Despite being brought to its knees by the Royal Commission investigating its suitability to hold its…

40/60, 60/40 or 30/70. The term is among the most spoken about by financial advisers and other industry experts. At present, the focus of the discussion is on why the 40/60 portfolio is “broken,”  yet we rarely take a step back and think about it in its own right. The term refers to the “construction”…

It has been a bumper year for dividend investors as the Australian economy continues its COVID-19 pandemic recovery and companies continue to post record profits. As a result, a “dividend boom” has begun, with some analysts predicting up to $130 billion to be returned to shareholders, with the bulk coming from the banks and iron…

Market rallies on iron ore, Pinnacle’s big deal, Bapcor tanks Yesterday’s story carried into trading on Tuesday, with the S&P/ASX200 (ASX: XJO) gaining another 0.8 per cent. It was pushed higher primarily by the more cyclical sectors with both mining and energy gaining more than 2 per cent, with the technology sector falling heavily, down 3.5 per…

ASX follows global markets lower, AMP retains property, travel stocks hit The S&P/ASX200 (ASX: XJO) succumbed to the global weakening of sentiment, falling 0.6 per cent on Monday with both energy and consumer businesses the major drag. The energy sector continues to fall as oil prices weaken, falling 1.6 per cent, despite surging gas prices now impacting on the East…

Crown offer pushes market higher, NextDC caps strong week, Accent hit by closures The S&P/ASX200 (ASX: XJO) capped a volatile week with a positive finish, gaining 0.2 per cent with most sectors moving higher. The highlights came from healthcare and consumer staples, which both added 0.9 and 0.7 per cent respectively. The discretionary sector was weaker despite Crown Limited (ASX: CWN) topping…

Every now and then, you come across a company that dominates a market, sector or technology. Some investors call these companies ‘Gorillas,’ after a book written in the late 1990s.  The book is called The Gorilla Game: Picking Winners in High Technology. It was written in the late 90s and is effectively a guide to…

The Treasury Wine Estates Ltd (ASX: TWE) share price is moving into the green, after the business announced the acquisition of Californian-based Frank Family Vineyards (FFV). Currently, the Treasury Wine share price is up 2.76% to $11.56. From commercial to luxury Treasury Wines will acquire FFV for US$315 million (A$432 million). The purchase price values the vineyard on an enterprise value…

With climate change a hotter issue than ever before, post-COP26, the automobile industry has finally stepped-up its game and is creating appealing battery-powered machines in volume. What we are seeing right now is the electric vehicle (EV) boom in its infancy. Ausbil’s James Stewart, co-portfolio manager of the Ausbil Global Resources Fund, notes that “a…

Economies around the globe are starting to transition to a post-Covid world, but what they face is a new world riddled with supply chain issues, rising demand for metals used in car manufacturing and high government debt following stimulus and Covid-19 spending. Sage Capital’s portfolio manager, Kelli Meagher, and chief investment officer, Sean Fenton provided…

The AMP Ltd (ASX: AMP) share price has shown small signs of recovery since releasing its Q3 update. It seems like the prudential regulator has dished out its last piece of punishment; so, is the AMP share price taking a turn for the better? AMP share price Is this the last penalty for AMP? AMP has agreed to…