News

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…

Recent ASX initial public offering GQG Partners Inc. (ASX: GQG) looks to be moving in on Magellan Financial Group Ltd’s (ASX: MFG) turf. Both companies manage global equities portfolios for big institutions with funds under management (FUM) of $85.8 billion and $113.9 billion respectively. It will be a battle for the ages: Rajiv Jain vs. Hamish Douglass. If you’re new to either business, check…

This may sound repetitive, but the opportunity in Big Tech has never been better. The US quarterly reporting season has all but confirmed that the most important companies in the world remain in robust health. That is, of course, with one small caveat; your definition of technology. The term Big Tech has come to encompass…

ASX weakens on energy sell off, Boral jumps as Pointsbet tanks The S&P/ASX200 (ASX: XJO) finished 0.2% lower on Thursday dragged down by the energy sector, which fell by 2% after the coal price continued to fall significantly. A nuclear accord between the EU and Iran was also cited as a reasoning for the weaker oil price. Boral (ASX: BLD) overcame weakness in…

ASX creeps to gain, Woolies warns of Inflation, CPI data sends bonds lower The S&P/ASX200 (ASX: XJO) managed to eke out another small gain on Wednesday, keeping the run of positive days going. Most weakness came from the staples sector, down 1.9%, after Woolworths (ASX: WOW) delivered a difficult third quarter update. The mining and utilities sectors were also down over 1% with…

The stock market is a funny ol’ place. Think about it. Two people can have completely different perspectives – and both may be right. Let’s use an example in Xero Limited (ASX: XRO), the accounting software company. Me: “I think Xero is a fast-growth company, worth owning for 5 years.” Another investor: “I think Xero is overvalued because it doesn’t make a…