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Helloworld Travel (ASX:HLO) After 106 days of lockdown, Sydney is back open, with fully vaccinated residents able to go back to their favourite shopping centre, gym or café. Melbourne should follow suit over the next few weeks provided it hits its vaccine targets. The “recovery trade” we have spoken about is alive and well. Many…

If I had to pick BHP Group Ltd (ASX: BHP) or Commonwealth Bank of Australia (ASX: CBA) for dividends, I would go for the resources giant. That’s a combination of thoughts on both CBA and BHP. I think BHP could be a pretty good blue-chip dividend pick. But I’m also not convinced that CBA is going to be a…

ASX down on oil, iron ore jumps, Newcrest’s bold plan The S&P/ASX200 (ASX: XJO) fell 0.3% on Tuesday despite being buoyed by a seven year high in the oil price. All sectors barring consumer staples and healthcare were lower, with the latter gaining 0.9% behind a 1.8% improvement in CSL (ASX: CSL) shares. The outperformance came after management confirmed their previous profit guidance, supported by…

ASX lower, Ampol takes Z, IAG’s pandemic reprieve The S&P/ASX200 (ASX: XJO) strengthened into the close, managing a loss of just 0.3% to start the week. Behind the headline though was a two-speed market with only the energy and materials sector finishing higher, and significantly so, up 1.2 and 1.3% to the positive. The global energy crisis is now the motivating factor for markets…

ASX reverses a month of losses, EML Payments tanks, China PMI improves The S&P/ASX200 managed to reverse four straight weeks of declines, with Friday’s 0.9% gain sending the index 1.9% higher over the week. On Friday it was the commodities and IT sectors leading the way, the most unlikely of partners with the materials sector up 1.8 and IT 1.3%. Every other sector was…

Well known stockbroker Morgans have released their review on Australia’s retail sales sector which continues to be hit hard with Victoria’s ongoing lockdown and Covid-19 restrictions throughout the country. August retail sales came in at -0.7 per cent year on year and -1.7 per cent to $29.3bn, which comes as of no surprise. Covid-19 lockdowns…

There’s a lot of buzz around hydrogen and its use as a renewable energy source. Most hydrogen produced today is grey hydrogen, delivered by using natural gas in steam methane reforming. Looking out into the future, green hydrogen manufacturing, using electrolysis, is under consideration to replace the fossil fuel based gas production. Following Joe Biden’s…

The renewable and green energy segment of Fortescue Metals Group Limited (ASX: FMG) has bought a 60% stake in a Dutch based energy technology company. Fortescue has ambitious 100% green energy targets. Fortescue Future Industries (FFI) is the dedicated segment of Fortescue’s business tasked with bringing this goal into reality. FFI has made tangible progress, achieving initial targets in multiple areas….

Morningstar have released their Australia and New Zealand equity market outlook for the fourth quarter which envisages an imminent economic recovery that is already baked into valuations, however there are opportunities, they suggest. The authors agree that the Australian equity market is overvalued but notes the market stalled during the third quarter. The Morningstar Australia…

Tech, debt ceiling stoke rally, Dutch expansion for Collins Foods The resilient run of the S&P/ASX200 continued on Thursday, with the market rallying 0.7% on signs a deal on the debt ceiling may be reached in the US. In Australia, it was more positive news on the vaccine front with NSW hitting 70% double dose and the reopening set to commence…

APRA takes action, CBA falls, GQG set to list The S&P/ASX200 (ASX: XJO) delivered another negative day falling 0.6% as concerns of ‘peak growth’ and stagflation continue to grow. Every sector barring technology and energy were lower, with the latter so far the standout story of the second half of 2021. Whitehaven Coal (ASX: WHC) continues to benefit from booming coal…

You may recall an infamous group of renegade millennials that banded together earlier in the year through social media to create the world’s first ‘meme’ stock; GameStop Corp (NASDAQ:GME). Using the definition on the Balance website; a meme stock is “a stock that has seen an increase in volume not because of how well the…