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ASX finishes flat, but back to September high, RBA gets busy, Wesfarmer’s robust The S&P/ASX200 (ASX: XJO) finished flat on Friday with strength across most consumer facing sectors including discretionary (1.4%), staples (0.9) and property (0.7) offset by another sharp selloff in energy companies, which were down over 2% as reality kicked in about the oil ‘shortage’. The RBA had a…

The first Bitcoin ETF launched this week after ETF provider ProShares submitted an amended filing with the Securities and Exchange Commission (SEC) last Friday for a Bitcoin Futures ETF. The filing for the Bitcoin Strategy ETF points to a rollout of the fund ending a long-winded approval process that started back out in 2013 and…

The New Zealand-based Eroad Ltd (ASX: ERD) share price has moved into the red today after an underwhelming second-quarter update. Currently, the Eroad share price is down 8.33%, to $4.84. Eroad develops and markets technology solutions for managing vehicle fleets, improving driver safety and supporting regulatory compliance. Marginal growth offset by North America Key highlights for the…

The BlueScope Limited (ASX: BSL) share price is rising after it announced higher earnings guidance for the first half of FY22. BlueScope FY22 half year guidance The company is now expecting underlying earnings before interest and tax (EBIT) for the first half of FY22 to be between $2.1 billion and $2.3 billion. This updated guidance is above the previous…

Despite a growing chorus of calls for a significant market correction, as is usually the case in October, nothing has been forthcoming during the most dreaded of months. In fact, it has been a story of the opposite, with US markets near all-time highs and massive flow of dividends and buybacks combined with zero term…

Both Magellan (ASX:MFG) and Platinum Asset Management (ASX:PTM) have been gaining plenty of unwanted attention lately. Both their hallmark strategies are suffering from periods of underperformance, the former due to a lack of cyclical exposure and the latter an ingrained value focus.  It is somewhat interesting therefore that both are banking on China as being…

These are the top five stocks for the reopening of Australia post-Covid lockdowns: Helloworld (ASX:HLO) Lion Energy (ASX:LIO) Crown Resorts (ASX:CWN) Event Entertainment (ASX:EVT), Scentre Group (ASX:SCG) Victorians, already suffering from the harshest lockdown laws in the world, will finally enjoy a bit of respite with a modest easing to rules kicking in over the…

“Money makes money. And the money that money makes, makes money” – Benjamin Franklin To many, this quote likely stands out as being among the most capitalist comments that would appeal to a billionaire professional investor, managing over $100 billion for investors all around the world. Yet at the core of this quote is the…

ASX finishes flat, earnings season gathers steam, Magellan, AMP surprise The S&P/ASX200 (ASX: XJO) traded flat throughout the day, ultimately gaining just 1.7 points as strength in the real estate sector (up 1.6%) offset more weakness in energy and consumer staples, both of which were down over 1%. Whilst the US successfully navigates another earnings season the Australian market…

Rally continues, tech, financials deliver, Kogan Inventory cools, The S&P/ASX200 (ASX: XJO) continued Its strong recent run gaining another 0.5% on Wednesday behind the technology, financials and Industrial sectors which all finished around 1% higher. The growing momentum behind city and bordering reopening’s is clearly boosting confidence despite the threat of staff shortages and the ‘great resignation’ that lies ahead. Despite the…

China’s economic growth has gone from bad to worse – on the Middle Kingdom’s lofty statistical standards, that is – after official data showed that third-quarter GDP came in at 4.9 per cent annual, short of the expected 5.0 per cent predicted by analysts. It was also three percentage points lower than the 7.9 per…

Blackmore Capital has fine-tuned its Australian equities income portfolio after the mammoth bull run in CBA’s share price triggered a response from the team. Co-founder and CIO of Blackmore Capital, Marcus Bogdan, said, “on a 12-month basis CBA has delivered a total return of about 58%, outperforming the S&P/ASX200 by about 35% and its major…