Latest
Tesla investors see ‘no floor’ after losing $300b
“If Tesla is lowering its forecast and is not bullish on the near term, why should investors be bullish,” 50 Park Investments’s Adam Sarhan asks.
- 25 mins ago
- Esha Dey
US stocks fluctuate, March rate bets pared, bitcoin rallies
Shares fluctuated between positive and negative as traders, economists see Fed in no rush to cut in March. Tesla steadied as Intel dropped.
- 1 hr ago
- Timothy Moore
S&P 500 resets closing record high even as Tesla crashes
The US benchmark extended its advance for a fifth consecutive session. Tesla tumbled 12pc. Oil topped $US82 a barrel.
- Updated
- Timothy Moore
‘Fundamentally magnificent’ US megacaps: Leuthold Group
For Scott Opsal, the key, and simple, reason why US megacaps have outperformed other members of the S&P 500 is because of their “superb business results”.
- Timothy Moore
Tax relief may push out first RBA rate cut: economists
While changes to the stage three tax cuts won’t derail the Reserve Bank interest rate outlook, some economists say it could delay the first rate cut.
- Cecile Lefort and Joanne Tran
- Exclusive
- Sharemarket
Newmark shareholders agitate against BWP property merger
Newmark investor Winston Sammut says he will call a unitholder meeting in an attempt to have BWP’s bid voted down.
- Tom Richardson
Opinion & Analysis
Wall Street can’t stop setting records. But a big test is coming
Five record highs in a row underscores the exuberance that’s taken over markets. But four key events in the next week could test investor resolve.
Columnist
Why Australia’s biggest and oldest LIC defied the Ozempic sell-off
Australian Foundation Investment Company boss Mark Freeman says buying CSL and Resmed amid last year’s Ozempic rout was part of a tried-and-true strategy.
Columnist
Albanese’s tax cut dance shows why investors must watch politics
The government feeling pressed to deliver cost-of-living relief outside an election year is a reminder 2024’s big slate of global elections may bring fiscal stimulus.
Columnist
Three ways the Future Fund is dodging expensive equities
Raphael Arndt says stocks look expensive as investors bet on rate cuts and strong growth. Here are three places the fund is hunting for returns instead.
Columnist
Companies in the News
Commonwealth Bank
Liontown Resources
Pilbara Minerals
National Australia Bank
Updated: Jan 25, 2024 – 4.10pm. Data is 20 mins delayed.
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Meet the Fundie
Fairlight’s newest recruit, Abbey Cook, is betting big on beauty
The fund manager explains why she is so bullish on one US retailer and what she learnt from co-founding homegrown hedge fund VGI Partners with Rob Luciano.
- Joanne Tran
This hedge fund backs ‘spicy shorts’ other firms won’t touch
Chris Prunty and Josh Clark reveal the lessons learnt since launching QVG’s long-short fund five years ago, and why they recently reduced their Core Lithium short.
- Joshua Peach
This fundie blasted Rio Tinto – then doubled down on his investment
WaveStone Capital’s Raaz Bhuyan talks about his latest trip to the Pilbara and how he was horrified by the miner’s initial response to the Juukan Gorge scandal.
- Joanne Tran
Yesterday
- Opinion
- Chanticleer
Wall Street can’t stop setting records. But a big test is coming
Five record highs in a row underscores the exuberance that’s taken over markets. But four key events in the next week could test investor resolve.
- James Thomson
This Month
Small caps are at an ‘inflection point’: Maple Brown-Abbott
Fund manager Phillip Hudak is feeling good about the upcoming reporting season for small companies and shares why he’s expecting gold miners to make a comeback.
- Joanne Tran
ASX charts fifth session of gains, led by miners; Domino’s sinks 30pc
Australian shares end higher as iron ore rallies anew. Domino’s plummets after revoking guidance. ResMed rallies on stable dividend. Incitec Pivot pays out $500 million to shareholders.
- Timothy Moore, Joshua Peach, Sarah Jones, Joanne Tran and Cecile Lefort
ASX to rise amid global tech sector rally
Australian shares are set to open higher. Tech shares surged in Europe. Microsoft breaches $US3 trillion. S&P 500 briefly tops 4900 point mark.
- Updated
- Timothy Moore
Investors turn to copper, gold and uranium amid battery metals rout
The collapse in battery metals has many investors fleeing nickel and lithium plays for safer waters. Here are the commodities fund managers have turned to in 2024.
- Joshua Peach
ASX closes firm, worst day for Nanosonics
Shares edge up; US stocks break record high; Nanosonics misses guidance; BWP and Newmark in $3.5b merger; Woodside record output. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joshua Peach, Joanne Tran and Vesna Poljak
- Opinion
- Chanticleer
Why Australia’s biggest and oldest LIC defied the Ozempic sell-off
Australian Foundation Investment Company boss Mark Freeman says buying CSL and Resmed amid last year’s Ozempic rout was part of a tried-and-true strategy.
- James Thomson
Fundies spy buying opportunities in lithium rout
Fund managers said some stocks are opportunities for those prepared to take a three- to five-year view, but other explorers face a cash flow crunch.
- Tom Richardson
ASX to rise, S&P 500 resets closing high
Australian futures have turned positive as US stocks shook off mixed earnings. Bitcoin extends slide.
- Updated
- Timothy Moore
US reporting season: hits and misses
United Airlines, 3M, GE, Verizon, J&J, P&G, Halliburton, DR Horton and Invesco were among the latest corporates to report results.
China’s bold stock-market rescue plan leaves investors sceptical
It’s hard to blame investors for their cynicism. China has a history of marshalling policy resources to stanch market bleeding, but few succeeded.
- Bloomberg
- Opinion
- Chanticleer
Albanese’s tax cut dance shows why investors must watch politics
The government feeling pressed to deliver cost-of-living relief outside an election year is a reminder 2024’s big slate of global elections may bring fiscal stimulus.
- Updated
- James Thomson
Hedge fund LHC buys ResMed, bets against sceptics
The sleep apnoea devices maker and Lottery Corporation are the new additions to Sydney-based LHC Capital’s portfolio.
- Joanne Tran
Markets still too bullish on interest rate cuts
Bond investors are cautioning that expectations of imminent rate cuts are a touch too aggressive, even after traders have dialled back their bets.
- Cecile Lefort
- Opinion
- Chanticleer
Three ways the Future Fund is dodging expensive equities
Raphael Arndt says stocks look expensive as investors bet on rate cuts and strong growth. Here are three places the fund is hunting for returns instead.
- James Thomson
Healthcare stocks buoy ASX; IDP slumps; BHP up
Shares advance at the closing bell; IDP plunges after Canada limits visas; Karoon cuts output guidance; Bank of Japan holds pat on rates; iron ore higher. Follow for more updates.
- Updated
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach and Sarah Jones
ASX futures slip, S&P 500 extends ‘melt-up’
Australian shares are set to edge lower in contrast to gains in Europe and on Wall Street. Oil tops $US80 mark. Bitcoin briefly trades below $US40,000.
- Timothy Moore
Wall Street’s ‘foolish’ trade is betting on early rate cuts
More than two-thirds of respondents in a market survey said the strong rally in global equity markets at the end of last year now looked like a bad omen.
- Denitsa Tsekova
ASX rises as Zip soars 16pc on profit path
Shares gain; Google dumps $125m Appen contract; Lynas halves output; South32 flags headwinds; Chalice slashes costs; Liontown reviews lithium plans.
- Updated
- Timothy Moore, Cecile Lefort, Sarah Jones, Joshua Peach and Joanne Tran
Cost relief needs to target poor or risk more inflation
Economists warn the federal government’s new cost-of-living package should be aimed only at the most vulnerable to keep the RBA on side.
- Joanne Tran and Sarah Jones
