Junior Gold Miners Worthy of Consideration
On 18 February investors around the world, apparently firm in their belief the economic impact of the coronavirus would be short-lived and relatively minor, were shocked when the largest company by market cap in the world – Apple Inc – announced the coronavirus in fact would make it “unlikely” the company would hit its First…
Record Kiwi tourists; Chinese tourism slumps Consumer confidence hits 3-month high
Record Kiwi tourists; Chinese tourism slumps Consumer confidence hits 3-month high Tourism; Consumer sentiment; CBA HSI; Reserve Bank Board minutes Tourism: Tourist arrivals rose by 0.9 per cent in December, but departures were flat. It was the biggest lift in tourist arrivals in four months. New Zealand tourists hit a record-high of 129,100 in December….
CBA powers ASX higher for second day
Stellar results from Commonwealth Bank have pushed the Australian share market higher for second day, even as the mining sector lost ground. The S&P/ASX200 benchmark index finished Wednesday up 32.9 points, or 0.47 per cent, to 7,088.2, with CBA accounting for 60 per cent of the day’s gains. The broader All Ordinaries index meanwhile climbed…
IPOs Have Something for Everyone
In theory, investors considering an investment in an Initial Public Offering (IPO) should follow many of the same principles that apply to picking winning stocks already trading in public markets. In practice, the “must read” information contained in the IPO Prospectus published by about to list companies can be challenging to interpret. In August of…
Federal Reserves Risky Q4 Stock Ramp
The US stock markets dramatically surged mostly in a straight line since mid-October. This extraordinary rally started when the Federal Reserve announced it would resume expanding its balance sheet for the first time in years. The deluge of new liquidity from that quantitative-easing bond buying has again acted like rocket fuel for stock markets. After…
Did BlackRock Pull the Plug on King Coal?
While coal has lost its grip on the title of “King of Commodities”, it has defied the oddsmakers predicting its ultimate demise. Numerous “King Coal is Dead” articles and contrarian views touting coal’s resilience litter the financial news. Yet the King stubbornly hangs on, defying the skeptics and delighting the contrarians. The “king coal is…
Gold Mining Stocks Are Wavering
The gold miners’ stocks are wavering, frustrating traders. For the better part of a half-year, this sector has neither broken out nor broken down. Instead it has mostly ground sideways since the last upleg’s peak. Gold stocks being mired in a consolidation so long, even a relatively-high one, is steadily eroding bullish sentiment. That ups…
ASX powers higher for 5th straight day
Australian shares have powered to new highs for a fifth consecutive day as the unprecedented bull run continues. The benchmark S&P/ASX200 index finished Monday up 15.4 points, or 0.22 per cent, to finish at 7,079.5 points after reaching a new high of 7092.5 in morning trade. The broader All Ordinaries gained 16 points, or 0.22…
Technology is reshaping modern medicine
But ethical and economic challenges could limit the benefits medtech brings to healthcare. The Nobel Prize in Medicine 2019 was awarded to three men for “their discoveries of how cells sense and adapt to oxygen availability”. The Nobel Prize in Medicine 2018 was given to two men “for their discovery of cancer therapy by inhibition…
Investor Signposts: Week Beginning January 20 2020
Australia: Quiet week ahead • The fourth week of the year looks to be a quiet one for economic data, both in Australia and the US. In Australia consumer sentiment and employment data dominate the list of scheduled releases. • The week kicks off on Tuesday when the Commonwealth Bank releases the December Household spending…
