A Roll of The Dice on These Two Gaming Stocks
From different angles, these two companies benefit from the heavy interest in gaming in Australia. The boom in gaming post-COVID suggests that Ainsworth Game Technology can offer some value for those willing to gamble on gaming. SGR currently owns and operates some of the better gaming assets in the country. When it comes to gambling,…
Two Investments to Get Your Portfolio Moving
This article will look at two of the weekly TheBull.com.au stock picks. Mineral Resources & Silk Logistics Holdings One is an up-and-coming mineral extractor, and the other is an experienced logistics conglomerate. Mineral Resources ASX:MIN (MIN) MIN operates as a mining services company in Australia, China, Singapore, and internationally, but the lithium sector draws…
Two Robust Investments
Wesfarmers Limited ASX:WES (WES) Wesfarmers is a strong and diversified business with a solid financial foundation. With a market capitalization of $53.94 bn AUD, it operates in various retail sectors, including building materials, home and garden improvement, outdoor living products, apparel and general merchandise, office products and solutions, and pet care. The recent news of…
Post-pandemic stocks
Carsales.com (CAR) CarSales.com Limited (CAR) is an Australian-based online automotive classifieds business. As of the last close, CarSales.com’s market capitalisation stood at $7.927 AUD billion with a share price of $22.69 AUD. For the 12 months to the end of June 2022, the company reported a revenue of $509 million AUD. The trailing…
Monetary policy to share the limelight with geopolitics
US debt ceiling negotiations are in focus as the $31.4 trillion debt ceiling is reached. Investors wary of prolonged negotiations to raise the ceiling must contend with the Federal Open Market Committee (FOMC) minutes on Wednesday. Monetary policy is front and centre to start the week and is rattling the stock market. The Wednesday…
The AI Groundswell
Several US companies are looking to take the lead in AI-linked revenues. How have the AI-linked companies performed thus far, and what’s the outlook? Which Australian stocks are likely to benefit from this rising AI tide? The path to Artificial Intelligence Artificial Intelligence (AI) has been primarily used recently as a catch call…
Outlook for the economy is more positive
Australian consumer inflation is 5.1% and below the 5.6% consensus In January, unemployment rose marginally to 3.7% Australian stocks in the consumer discretionary sector are benefitting from the US positive retail sales outlook. A week in the data The week just gone was a busy one in economic data points. They provided an insight into…
Financials in the spotlight
Calling a top in the market CBA reported a record $5.15b AUD half-yearly profit on Wednesday 15th February, almost AUD$400m higher than a year earlier. Rising interest rates boost net interest margins against the backdrop of a buoyant economy and record-low unemployment that is shoring up the credit portfolio. In reporting the excellent results, Chief…
The Special Petroleum Reserve
Dual-pronged attack on inflation Given how vital oil and oil products are to our daily lives, policymakers pay close heed to changes in the prices of fossil fuels. With the massive overhaul of international crude oil supply lines following the sanctions on Russian exports, the Federal Reserve required emergency assistance to fill the void and…
Commodity Dealing Is on the Rise
China has signalled an intention to reopen the Australian market to Chinese buyers. Newmont Mining Corporation NYSE:NEM (NEM) signals interest in Australia’s largest gold miner, Newcrest Mining Limited ASX:NCM (NCM) Could large M&A and resource deals be signalling a deeper trend in resources? Commodity deals on the rise Following the recent downward trajectory and near…
