CommSec Daily Report Friday
The Australian market fell into the red at the beginning of trade after a lack lustre session in the US overnight. US share markets were held in tight ranges on Thursday. After trading in a 70-point range, theDow Jones ended higher by 6 points, the NASDAQ up 24 points.At the open of trade the ASX…
4 shorted stocks with double digit earnings growth forecasts
Some retail investors rarely check the ASX Top Ten Shorted Stocks List. This is not surprising given the constant drumbeat of dire warnings for retail investors to avoid shorting like the plague. Why? In theory the risk of loss with shorting stocks is infinite while the risk in buying a stock for $10 per share…
Why Australians don’t make extra super contributions
By Jun Feng, Monash University; Hazel Bateman, and Paul Gerrans, University of Western Australia Australians are increasingly relying on superannuation for their retirement income, but despite more than 20 years of compulsory super, many people are not retiring with enough. The assets under management of the superannuation sector now exceed A$1.8 trillion (greater than annual…
Mineral Rich Australia May Contain World’s Next Major Oil Find
Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely. The U.S. government’s Energy Information Administration noted in its country’s analysis for Australia, “Australia, rich in hydrocarbons and uranium, was the world’s second largest coal exporter in 2011 and the third largest liquefied natural gas (LNG) exporter in…
Rise of super funds will shape Australia’s financial sector
By Kevin Davis, Australian Centre for Financial Studies How will the shape of Australia’s financial sector evolve over the coming decades? How will the demand for finance change? Where will the supply of funds come from? Can we be confident that available funds will be allocated to their best uses to promote economic growth and…
Stocks to watch on Thursday
Stocks to watch on the Australian stock exchange on Thursday: CWN – CROWN LTD – up 12 cents at $12.34 A Deloitte report on Sydney’s proposed casino at Barangaroo will be made public once the state government makes a final decision on the project, says NSW Premier Barry O’Farrell. James Packer’s Crown Casino last year…
Investment banker wants carbon tax to stay
Federal Opposition Leader Tony Abbott’s plan to roll back the carbon tax will put the budget’s bottom line under pressure, an investment banker says. MH Carnegie & Co founder Mark Carnegie said there was immense confusion about what Mr Abbott was going to do if he became prime minister, especially with the carbon tax. “He…
Do Australians spend too much on housing?
By Wealth Foundations For those who own their own home and don’t have a mortgage their sense is often that other than for costs like council rates, utilities, building insurance and maintenance they don’t spend anything on housing. For those with a mortgage, they may add in the cost of their loan repayments. But this…
Dividend Stability in 5 Top Performing Income Stocks
Income investors brave enough to return to the sharemarket in 2012 were well rewarded by increased total returns through dividend payments – and the trend towards higher yields should continue into 2013. A search strategy favoured by some income investors is to look for stocks with the highest yields. More experienced investors know dividend stability…
Fear the no-grow zone: has technological innovation reached its final frontier?
By Fabrizio Carmignani, Griffith University The economic profession lacks a unified theory of economic growth. Textbooks and academic journals contain a plethora of models and paradigms which generate different (and sometimes contradictory) predictions about the mechanics of the growth process. Amid this intellectual confusion, an element in common to the bulk of modern growth models…
