Diversified Financials in a Post-Pandemic World
“Investors Should Brace for another Market Sell-off, Analysts Warn” That was the title of an 11 May article appearing in thenewdaily.com.au. Given the bullish tone of late in the ASX in particular and global markets in general, this appears a minority sentiment and an outright contrarian view. Within the article lies a kernel of common…
Agriculture a cyclical investment opportunity
Agriculture as a sector is largely uncorrelated to, and unaffected by, COVID-19. There have been other pressures, notably the severe drought on Australia’s east coast. As many companies started to feel the impact of the drought, the share prices fell to levels well below our assessment of fair value. For cyclical sectors, such as agriculture,…
Agriculture Niche Players to Watch
In a simpler world, “reality” would present a single face. It is arguable whether the world has ever been “simple,” but few could debate the complexities of the times in which we live. Today reality can present multiple faces, further distorted by perceptual filters. On the morning of 21 May in the US, where trends…
Myer reopening all stores by Wednesday
Myer says it will reopen all 35 of its 36 stores that remain closed on Wednesday, with the last one set to reopen the following week once a refurbishment project is complete. Nine of its stores reopened on Friday and 15 opened earlier. Its store in Karrinyup, WA, will reopen on May 30. The department…
Aust shares up for fourth straight day
The Australian share market has rebounded from early losses of almost one per cent to close higher for a fourth straight day. The S&P/ASX200 benchmark index finished on Wednesday up 13.5 points or 0.24 per cent, at 5,573 points. The All Ordinaries index gained 21.3 points, or 0.38 per cent, to 5,680.1. The Australian dollar…
Renewable Energy in the Post COVID-19 Era
All over the world countries are already or soon will be dipping their toes into the process of lifting “stay at home” efforts. It seems the global consensus, which may be in error, is that COVID-19 is slowly winding down, opening the door to efforts to begin reviving economies crushed by the lockdowns. The financial…
ASX flat start likely to busy day
Shares appear set for a flat start to ASX trading after stronger than expected Chinese exports data offset US unemployment figures overnight. The benchmark SPI 200 futures contract was up 5 points, or 0.09 per cent, to 5,373.0 at 0700 AEST on Friday. Stocks globally were bolstered after Beijing reported a 3.5 per cent rise…
Tesla CEO Elon Musk in line for big payday
Tesla chief executive Elon Musk appears to have hit all the milestones he needed to receive a stock award now worth about $US730 million, a payday that will further pad the eccentric billionaire’s vast fortune. The electric car maker ended Wednesday with an average market value of $US100.4 billion for the past six months, according…
Survival of the Fittest – Iron ore versus Oil
One month ago, the ASX closed its worst trading month in history. One month later, the ASX has closed its best trading month ever. In the US, the Dow Jones Industrial Average (DJIA) recorded its best month in 33 years. Volatility persists, as market sentiment bounces back and forth between enthusiasm over any news on…
Banks push Aust shares higher.
Australian shares have finished stronger, with gains in financial, energy and health care stocks outweighing losses in the mining sector. The benchmark S&P/ASX200 index rose 32.4 points, or 0.52 per cent, to 6,210.2 points, while the broader All Ordinaries index gained 29.5 points, or 0.47 per cent, to 6,302.8 points. CommSec market analyst Steven Daghlian…
