CommSec Daily Report Thursday
Latest newsAustralian shares are off to a rough start, with the ASX 200 slipping by 0.5 per cent and falling back below 6000pts after closing above the key psychological barrier yesterday. News of a Royal Commission into the financial services industry this morning is pushing the banks down by as much as 2 per cent,…
Nearly 175 mn US shoppers hit stores over holiday
The 2017 US holiday shopping season remains on track to produce solid growth after more than half the US population made purchases over the Thanksgiving weekend, the National Retail Federation said Tuesday.NRF officials cited strong US economic data, good weather and an enterprising approach by retailers to discounting both in store and online as factors…
CommSec Daily Report Tuesday
Latest newsThe Australian market is off to a firmer start, with the ASX 200 lifting by 0.14 per cent, rising back above 6000pts earlier and remaining near two-week highs. It will be important to see if the index can close above 6000pts as it failed to do so yesterday due to fading enthusiasm in the…
Telstra shares sink on NBN rollout delay
Telstra shares have sunk after NBN Co said it will temporarily suspend the national broadband network rollout so it can work on improving the quality of the service. The company tasked with building the NBN says it will suspend the rollout of the hybrid coaxial-fibre (HFC) network for six to nine months, from December 11,…
CommSec Daily Report Monday
Latest newsAustralian shares are off to a better start, with the ASX 200 lifting by 0.3 per cent and breaking through 6000pts for the first time in a fortnight. This places the market within striking distance of a near 10-year high and follows largely directionless trade last week due to holiday in the US.Almost all…
CommSec Daily Report Wednesday
The Australian market is under pressure on Wednesday, with the ASX 200 index slipping by 0.8 per cent at lunch. Around half of these losses are due to significant falls from the four major banks, which are down as much as 1.75 per cent. Weakness from supermarket chain owner Wesfarmers (WES) and Woolworths (WOW) is…
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…
