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‘Earnings exceptionalism’ justifies big tech premium: Barclays
Barclays said it lifted its year-end target for the S&P 500 in large part because mega-cap tech continues to defy even the most bullish earnings targets.
- 59 mins ago
- Timothy Moore
BlackRock tips Japanese stock rally to power ahead
The world’s biggest asset managers say the rally in Japan’s sharemarket has more room to run as foreign investors continue to invest.
- Winnie Hsu and Eddy Duan
ASX bounces as Coles, CSR jump
Shares bounce but miners fall with iron ore; Appen trims losses; Tyro lifts profit fivefold; Chorus reaffirms guidance; Coles sales up; Woodside profit 37pc down. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joshua Peach, Joanne Tran and Sarah Jones
More pain for nickel, lithium as supply deluge bites
Of the three key critical minerals, nickel has the darkest outlook because of cheap supply from Indonesia, but investors are backing copper as demand picks up.
- Cecile Lefort
Bitcoin tops $US57,000 for first time since 2021
Investors have poured around $8.6 billion into a batch of exchange-traded funds that began trading last month.
- Updated
- Suvashree Ghosh and Sidhartha Shukla
ASX to slip, Wall St lower, Coles set to report results
Australian shares to edge lower. Iron ore tumbles 4pc. Rally stalls in New York as inflation data awaited. Apple extends slump. Bitcoin tops $US54,000.
- Updated
- Timothy Moore
Opinion & Analysis
What we learnt from Altium, Reece, Helia and G8 Education’s results
Altium’s lucky cushion, Reece’s big run, Helia keeps rising and G8 Education pumps up prices.
Contributor
The trade that shows Buffett’s still got it – and his big worry
Warren Buffett’s annual letter to shareholders reveals the details of the trade Charlie Munger called “awfully easy money”. But the Oracle of Omaha is worried about a key part of his empire.
Columnist
Grand predictions of credit market distress confound the bears
The corporate debt markets are just as jubilant as sharemarkets. But will it stay that way if interest rates remain high?
Senior reporter
A powerful mechanism is at play that will propel equities higher
The surprise in the current reporting season is not that earnings are coming in better than expected, but that investors didn’t see it coming.
Contributor
Companies in the News
Woolworths
Woodside Energy Group
CSR Limited
Coles Supermarkets
Updated: Feb 27, 2024 – 4.39pm. Data is 20 mins delayed.
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Meet the Fundie
This fundie says Domino’s Pizza is a better bet than the big four
Vertium Asset Management’s Jason Teh has an eye for companies in a turnaround phase – and his gaze is now firmly set on Domino’s and Fisher & Paykel Healthcare.
- Joanne Tran
Why an American dynasty is tapping Aussie investors for money
The Cordish family have built up protected wealth across the US by placing their faith in ambitious private equity start-ups. They also have big bets on the consumer.
- Jonathan Shapiro
This fundie is making money on bond price errors
Laura Ryan at Ardea Investment Management does not care what the RBA does with interest rates. Her job is to find inefficiencies in government bond prices.
- Cecile Lefort
Yesterday
- Opinion
- Chanticleer
What we learnt from Altium, Reece, Helia and G8 Education’s results
Altium’s lucky cushion, Reece’s big run, Helia keeps rising and G8 Education pumps up prices.
- James Thomson and Anthony Macdonald
Amazon joins 29 other blue chips in Dow Jones index
S&P Dow Jones Indices opened the door to Amazon’s inclusion in the Dow and the chemist group Walgreens’ exit in light of a 3-for-1 stock split by Walmart.
- Alex Veiga
This Month
Hedge funds sell Magnificent Seven in ‘frothy’ markets
Investors trimmed their positions in the US megacap stocks heading into the new year, while insiders have also been lowering their stakes.
- Alex Gluyas
Four ASX stocks up at least 50pc in the past three months
These ASX-listed companies have ridden months-long relief rallies to near-record highs, and some analysts think they may still have further to run.
- Joshua Peach
ASX edges up; TPG sinks 8pc; Alumina shares jump on takeover bid
Shares gain at the close; oil drops; TPG’s profit slumps; CSR enters into a trading halt; Alcoa in $3.3b bid for Alumina; Kogan brings back dividend but sales slips. Follow here for more.
- Updated
- Timothy Moore, Joanne Tran, Alex Gluyas, Cecile Lefort, Joshua Peach and Sarah Jones
- Opinion
- Chanticleer
The trade that shows Buffett’s still got it – and his big worry
Warren Buffett’s annual letter to shareholders reveals the details of the trade Charlie Munger called “awfully easy money”. But the Oracle of Omaha is worried about a key part of his empire.
- James Thomson
This fundie says Domino’s Pizza is a better bet than the big four
Vertium Asset Management’s Jason Teh has an eye for companies in a turnaround phase – and his gaze is now firmly set on Domino’s and Fisher & Paykel Healthcare.
- Joanne Tran
ASX to open flat, market records to be tested by inflation pulse
Futures point to a flat start to the trading week for Australia’s S&P/ASX 200 as investors brace for earnings headlined by Coles, Woodside, Suncorp, and Harvey Norman.
- Tom Richardson
Traders braced for possible surprise NZ interest rate rise
There is a one-in-three chance the RBNZ could lift the cash rate on Wednesday to 5.75 per cent and the world is watching.
- Cecile Lefort
Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
In his latest letter to shareholders, the legendary investor says there are only a handful of companies capable of moving the needle at Berkshire.
- Eric Platt
- Opinion
- Investing
Grand predictions of credit market distress confound the bears
The corporate debt markets are just as jubilant as sharemarkets. But will it stay that way if interest rates remain high?
- Jonathan Shapiro
- Opinion
- Sharemarket
A powerful mechanism is at play that will propel equities higher
The surprise in the current reporting season is not that earnings are coming in better than expected, but that investors didn’t see it coming.
- Jun Bei Liu
Nvidia reaches $US2 trillion mark, S&P 500 tops 5100
US shares ended mixed after a choppy session which saw early gains fade. Goldman, Capital Economics now see June, not May, as start for rate cuts.
- Updated
- Timothy Moore
- Opinion
- Chanticleer
The word that’s suddenly dominating profit season
Cries of profiteering have reached a crescendo this week, but investors should be wary of the way profit season has become dominated by talk of cost-cutting.
- James Thomson
‘Complacent’ iron ore market vulnerable to lithium-style crash
Iron ore prices are not factoring in a wave of new supply, leaving the commodity vulnerable to the same collapse that smashed battery metals, Yarra warns.
- Alex Gluyas
Nvidia surges 16.4pc, sparking global AI-inspired rally
Australian shares are set to open higher. Nvidia added $US277b to its market value and helped pace the S&P 500 to yet another record high.
- Updated
- Timothy Moore
Wall Street strategists break down Nvidia’s surge
Nvidia is on track to see its market valuation leap more than $300b, and it’s fuelling renewed exuberance for equities overall.
- Updated
- Timothy Moore
AI boom lifts shares; Afterpay-owner Block, Aussie Broadband jump
AI boom lifts tech stocks. NAB calls inflation to rise in January. Block, Aussie Broadband, Jumbo Interactive shares jump. Nvidia surges 16pc, tops Amazon, Alphabet valuations. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Joanne Tran and Joshua Peach
Newmont puts Telfer, Havieron mines in WA up for sale
The world’s top gold producer is seeking to sell six mines and two projects as part of an effort to generate $3.1 billion in cash.
- Jacob Lorinc
EV play Electromotiv launches funding round
Electromotiv was founded in 2017 and helps clients run zero-emission buses and trucks.
- Sarah Thompson, Kanika Sood and Emma Rapaport
