News

ASX budget bounce, a long list of winners, IPOs closing in, US markets hit one month high The ASX 200 (ASX:XJO) overcame a weak lead form the US to deliver its strongest budget bounce since 2002, jumping 1.3%. It will likely take several weeks to digest the true implications of this budget, particularly those sectors that…

While the active versus passive debate rolls on and on across the investment world, some active managers have gone to the ‘dark side’, at least partially, by adding more quantitative inputs for new strategies, such as thematic investing. The concept of ‘thematic’ investing, which describes the strategy of identifying sectors of the economy expected to…

Here’s the fourth instalment of our series on the fascinating ASX cohort of medical device developers. ImpediMed (IPD, 8.1 cents)Market capitalisation: $83.8 millionThree-year total return: -52.7% a yearAnalysts’ consensus target price: 14 cents (Thomson Reuters) You would not know it from the share price performance over the last few years, but Brisbane-based ImpediMed has put…

ASX struggles higher, rates on hold, giant gold merger, US stocks fall The ASX 200 (ASX:XJO) struggled to a 0.3% gain on Tuesday, the energy, +2.3%, and materials sector, +1.1%, the key contributors. The biggest news was the ‘merger of equals’ between Australian gold miners Saracen Minerals (ASX:SAR) and Northern Star Mining (ASX:NST). The merger…

Rollercoaster continues, ASX finishes 2.6% higher, Budget night ahead, US rallies 1.6% The ASX 200 (ASX:XJO) delivered its strongest day in four months, adding 2.6% despite the public holiday in NSW and much lower volume as a result. The positive news was threefold; the Government announced that tax cuts would be brought forward and back dated…

Trump’s positive COVID-19 test sparks volatility, ASX falls 1.4% Volatility is on the rise, the ASX 200 (ASX:XJO) falling 1.2% at the open before gradually recovering. The index then capitulated on the news of President Trump’s positive COVID-19 test as investors quickly shifted to a risk off mood. The ASX 200 finished the day 1.4% lower…

October starts on the front foot, fiscal stimulus in focus, property improving October started better than September finished, the ASX 200 (ASX:XJO) finishing 1.0% higher as Prime Minister Scott Morrison began announcing his fiscal stimulus package and US Congress appeared to be nearing a deal on one of their own. The Federal Government is turning to…

ASX 200 falls 2.3%, oil price tanking on second wave concerns, utilities profits hit, US posts a positive finish The ASX 200 (ASX:XJO) finished Wednesday 2.3% lower taking the loss to 4.0% for the month; the first negative result since March and down -1.4% for the quarter. The energy sector led the losses, down 4.2%, as a combination…

This week Stockspot released its yearly 2020 Fat Cat Funds Report. The report was put together to expose the best and worst-performing superannuation funds throughout the year, in a bid to drive lower fees, improve performance and bring about change. Stockspot compared 600 multi-asset investment options offered by Australia’s largest 100 super funds to find…

Over a year ago I made some comment on breaking news that Dixon Advisory, the wealth arm of listed wealth giant Evans Dixon (ASX: ED1), had been publicly called to task on recommendations for clients to invest in several of its in-house investment products that had performed poorly. One particularly egregious performer was its heavily recommended…

Australia has followed the US in bouncing back with new sharemarket listings after a hefty slump during much of the first half of the calendar year, at least in terms of the number of initial public offerings (IPOs). In the absence of any mega listings, Australia is still unlikely to break any records in terms…

ASX finishes flat, BOQ loan impairments increase, weak overseas lead market to open lower The ASX 200 (ASX:XJO) ultimately finished flat, after trading as much as 0.8% higher during the session. Industrials and tech companies offered support, adding 0.7% and 2.4% behind Sydney Airport (ASX:SYD) and Afterpay Ltd (ASX:APT). SYD reacted positively to news that the…