Latest
Magnificent seven power Wall Street higher
Tesla, Meta Platforms, Nvidia and Apple paced the advance as investors opted to buy this week’s dip with conviction ahead of a three-day US weekend.
- Updated
- Timothy Moore
Di Pilla’s HMC buys Payton Capital in $5b private credit push
HMC has appointed the former head of Macquarie’s US principal finance business in New York to run the new strategy.
- Joshua Peach
Rally hits a wall | Canva’s Wall St plan | Four market worries
Read everything that’s happened in the news so far today.
- Updated
Rally hits a wall | Canva’s Wall St plan | Four market worries
Read everything that’s happened in the news so far today.
- Updated
Rally hits a wall on China growth and US inflation fears
Worries about China and hotter-than-expected business activity in the United States hit markets on Friday as traders ramped up bets against the $A.
- Updated
- Alex Gluyas
Shares fall; bond yields rise, NAB, CBA lose ground
Wall St sell-off rattles local capital markets, bond yields lift. Japan inflation cools. Macquarie lifts copper forecasts. Nvidia leaps 9.3pc. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Joshua Peach, Sarah Jones and Alex Gluyas
Opinion & Analysis
Everyone hates bears right now. Here’s why you shouldn’t ignore them
Chanticleer has surveyed the arguments from six bears who see cracks in the bullish narrative pervading markets. Here’s what could go wrong from here.
Columnist
Nine signs there’s a ‘mini melt-up’ on the ASX – and 12 stocks to buy
UBS strategist Richard Schellbach says Wall Street’s relentless grind higher will inevitably flow through to the ASX, and has picked some local stocks to watch.
Columnist
These stocks are primed for ‘tectonic-sized’ tailwinds
The magnificent seven are not the only way to play artificial intelligence, there’s money to be made in storage, energy and software on the ASX too.
Contributor
The stocks Australia’s biggest LIC is buying
While the LIC sector is under pressure, the 98-year-old Australian Foundation Investment Company is staying patient and hunting for value.
Columnist
Companies in the News
The Star Entertainment Group
Commonwealth Bank
Telstra Corporation
Updated: May 24, 2024 – 4.10pm. Data is 20 mins delayed.
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Meet the Fundie
Airlie’s Emma Fisher is making her next big bets
Mineral Resources and Reece have been career-defining picks. This year, she’s sold down CBA and is going large on one of the most shorted stocks on the ASX.
- Sarah Jones
How Sage Capital is making money from other investors’ panic
Veteran hedge fund manager Sean Fenton has no qualms going against the crowd, buying ResMed after its collapse in 2023.
- Joanne Tran
ASX activist HMC Capital takes aim at GrainCorp
HMC Capital has revealed a position in GrainCorp, marking the group’s fourth public bet from the highly concentrated Capital Partners Fund.
- Updated
- Joshua Peach
This Month
- Opinion
- Chanticleer
Everyone hates bears right now. Here’s why you shouldn’t ignore them
Chanticleer has surveyed the arguments from six bears who see cracks in the bullish narrative pervading markets. Here’s what could go wrong from here.
- Updated
- James Thomson
ASX to slide as Wall St sinks on rate setback
Australian shares are set to open more than 1pc lower. Data bolsters higher rates for longer. Boeing paces Dow Jones sell-off. Nvidia leaps 9.3pc.
- Updated
- Timothy Moore
Ausbil is using this underrated stock to play the AI boom
Nicholas Condoleon talks AI, explains why he is avoiding Westpac and BHP, and reveals his stock picks to capitalise on the run in gold and copper prices.
- Alex Gluyas
Investors bet that Nvidia will leave Magnificent Seven rivals behind
Another stunning result from the US chipmaker has prompted calls that Nvidia is on its way to becoming the largest company on the planet, leaving the other tech giants in its wake.
- Alex Gluyas
ASX slips as metals rout hits miners; Xero rallies, Nufarm sinks
Australian shares end lower after US Fed minutes. $A lower. BHP’s shares drop 3 per cent. Gold miners fall. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones and Alex Gluyas
ASX to drop, US equities fall on Fed rate outlook
Australian shares are set to slide, $A lower. BHP’s US-listed shares plunge 4.7pc. Fed minutes point to higher rates for still longer. Nvidia reports.
- Updated
- Timothy Moore
Hopes of ether ETF revived after flurry of SEC filings
The digital token surged about 23 per cent this week and was trading at around $US3780 in Asian trading on Wednesday.
- Isabelle Lee, Sidhartha Shukla and Emily Graffeo
Traders wrong-footed after RBNZ shocks with rate rise talk
New Zealand’s central bank kept the cash rate steady at a 15-year high of 5.5 per cent as expected on Wednesday, but surprised the market by pushing out the likely timing of some rate relief.
- Cecile Lefort
Morgan Stanley turns more bullish on ASX – here’s how it’s positioned
The broker has upped its target for the Australian market by another 10 per cent and says with rates staying high for longer, it’s time to rethink bank stocks.
- Alex Gluyas and Joshua Peach
ASX flat; Telstra falls, Inghams says unaffected by Victorian bird flu
BHP’s bid faces London deadline. AP Eagers crashes on inflation warning. Webjet jumps on split plans. Telstra loses 4pc. Lendlease chairman to depart. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Alex Gluyas, Cecile Lefort and Joshua Peach
ASX to rise, S&P 500 modestly positive
Australian shares are set to open higher. NZ rate decision ahead. US stocks edge higher. Tesla rebounds, Apple extends rally. Ether, bitcoin hold their surges.
- Updated
- Timothy Moore
The ASX stocks fundies are avoiding – and what they’re backing instead
With the ASX 200 trading within 50 points of its record high on Monday, here’s what these fund managers think could be ripe for a re-rate.
- Joshua Peach
VGI founder Robert Luciano pulls millions from Regal-owned funds
The high-profile stock picker has sold stakes in the funds managed by Phil King after registering a new venture last month.
- Joshua Peach
Crypto lifted by ether’s biggest jump since 2022 on ETF hope
Social media is alive with speculation that the US regulator may be warming to the idea of an ether exchange-traded fund.
- David Pan, Olga Kharif and Isabelle Lee
ASX slips as James Hardie craters, BHP climbs ahead of bid deadline
Shares ease; Telstra eyes AI; Sonic profit warning; James Hardie misses consensus; Hard Rock denies Star offer claims; cryptos surge. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Alex Gluyas, Joshua Peach and Sarah Jones
Trillion-dollar fund managers pile money into Asia, emerging markets
Schroders is bullish on European and Japanese equities, and Blackrock has gone overweight on emerging markets for the first time since 2020.
- Alex Gluyas
- Opinion
- Chanticleer
Nine signs there’s a ‘mini melt-up’ on the ASX – and 12 stocks to buy
UBS strategist Richard Schellbach says Wall Street’s relentless grind higher will inevitably flow through to the ASX, and has picked some local stocks to watch.
- Updated
- James Thomson
Telstra axes jobs | Hard Rock muddies Star approach | Nine signs of an ASX ‘mini melt-up’
Read everything that’s happened in the news so far today.
Ivan Boesky, convicted of 1980s insider trading scandals, dies
The rogue trader was believed to have inspired the character of Gordon Gekko, the rapacious villain played by Michael Douglas in the 1987 film Wall Street.
- Updated
- Greg Farrell
ASX to slip, S&P 500 edges higher
Australian shares are set for a muted start with the RBA’s latest minutes awaited. Nvidia paced an advance in techs and the Nasdaq Composite.
- Updated
- Timothy Moore
