nasdaq

ASX holds onto gains, retail pain on show at Myer (ASX:MYR), another sell off to end the week The ASX 200 (ASX:XJO) managed to stave off weakness in the afternoon, finishing 0.5%, despite a much stronger lead from the US markets. The telecommunications and materials sectors including the likes of Telstra (ASX:TLS) and BHP (ASX:BHP)…

It’s back: US markets down over 4%, dividends the story of the day, a deal with the devil The ASX 200 (ASX:XJO) finished another 0.8% higher, with everything but the IT, materials and utilities sectors adding to the rally. As reporting season comes to an end, dividend payments are driving daily movements with BHP Group…

Turnaround: markets look past recession to the future, AMP in hot demand, another positive lead ahead The ASX 200 (ASX:XJO) staged a remarkable recovery, adding 1.8% even as we received confirmation that the economy had contracted by 7% in the June quarter. The rally was broad-based with industrials and materials improving on the back of…

New Boral CEO Zlatko Todorcevski handed down the financial year results of his predecessor and it wasn’t pretty, but it was a beat on expectations.

It was a mixed day for the market, the ASX 200 (ASX:XJO) finished 0.2% higher despite trading up as much as 0.8% during the day.

This week we take a look at the often misunderstood, bulk retailing business Costco (NASDAQ:COST). Similarly to Woolworth’s (ASX:WOW) the company has performed reasonably well throughout the COVID-19 shutdowns benefitting from hoarding and its business model of offering incredibly low prices for bulk purchases. The company sells all kinds of food, automotive supplies, toys, hardware,…