News

Galloping into November, it’s often considered the prime entry point before months of positive returns supported by the Christmas rally. However, not every rule holds, as October showed without any major selloff. On average, November is the fifth-highest returning month of the year, as shown below.    Last year, however, returns in November 2020 were…

Both the Netwealth Group Ltd (ASX: NWL) and Praemium Ltd (ASX: PPS) share prices will be on watch today after Netwealth proposed a merger of the two companies. Currently, the Netwealth share price is largely unmoved at $17.20.|Conversely, the Praemium share price is racing upwards, increasing 15% to $1.43. Netwealth eyes off Praemium Netwealth submitted a non-binding proposal to…

Westpac (ASX:WBC) has been sold-off heavily this week after delivering an unexpected “shocker” of a result. Shares finished down 7 per cent on the day of reporting, despite the company reporting a doubling of profit to over $5 billion. Analysts and fund managers were clearly concerned about the various mis-steps of management over the last…

The Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC), or “COP26” as it’s commonly known, is a fortnight-long series of conferences between global leaders to discuss their climate commitments, and ways to combat climate change. There are 197 countries that will attend and review their progress on climate action carried…

ASX weakens on RBA announcement, Netwealth lobs Praemium offer, Goodman upgrades Outside of the Melbourne Cup, the Reserve Bank of Australia garnered all the attention today with a range of ‘experts’ predicting rate hikes may be brought forward and yield curve control would be abandoned. As usual, they were only partially right, with the Board keeping rates on hold…

ASX starts November with a bang, Westpac tanks but delivers buy back The S&P/ASX200 (ASX: XJO) started the month of November on a positive note, gaining 0.6% as a bout of confidence swept global markets. Every sector finished higher barring financials, which fell 0.5% after Westpac (ASX: WBC) delivered a weaker than expected result. The highlights were in the communications sector, which…

ASX finishes lower, but another positive month, Macquarie profit doubles The S&P/ASX200 (ASX: XJO) finished the week and the month of a negative note, falling 1.4% after an unexpected spike in bond yields hit sentiment on Friday afternoon. The biggest pain naturally came from the real estate and financial sectors, both down 2% or more, after a number of ‘experts’…

Structured products platform Stropro has launched a new product suited for the income-seeking investor. With global cash rates at near-zero and minuscule bond yields, conditions for income investors have gone from bad to worse. The return on cash in some cases is even negative after inflation. The only place to go for yield is up…

Hedge fund manager Cosmos Asset Management has joined the crypto race, listing an exchange-traded fund loaded with crypto-mining and infrastructure companies. The ETF will give Australian investors the opportunity to gain exposure to the sector, without actually holding cryptocurrencies. The ETF will be listed on Chi-X Australia as the Cosmos Global Digital Miners Access ETF…

Shares in online bookmaker PointsBet Holdings Limited (ASX: PBH) finished Friday nearly 20 per cent lower after its Q1 FY22 results failed to impress some investors. Since reaching over $17 per share at the start of the year, Pointsbet’s market valuation has more than halved. For a full breakdown of the results, check out Lachlan Buur-Jensen’s article…

Investor focus seems to have shifted back to the agricultural space following the release of two Government announcements which have highlighted the sector as a profitable era for farmers and potential growth opportunity for investors. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has given an optimistic outlook for the agricultural sector,…

Howard Marks, one of the investment world’s more celebrated investors, has added his voice to other celebrated investors in decrying continued use of the terms ‘value’ and ‘growth’. The co-founder and co-chair of Oaktree Capital Management, the Los Angeles-based firm renowned for its predominantly fixed income and credit strategies, addressed the opening session of the…