Latest
Chaos across Melbourne as hospitals, airport, supermarkets hit
Shares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Joanne Tran and Joshua Peach
No party for ASX at 8000 | CFMEU scandal spreads | Twiggy’s green hydrogen blow
This week on the Chanticleer podcast, James and Anthony discuss the subdued reaction to the ASX hitting a historic high, react to recent CFMEU coverage, and explore Fortescue’s revised green hydrogen plans.
ASX small caps miss out on ‘Great Rotation’ as rate worries linger
The gains in US small caps have further to run, say strategists, but Aussie investors shouldn’t hold their breath for a knock-on rally closer to home.
- Joshua Peach
ASX dives; Trump to accept nomination; Penthouse fetches $12m
Read everything that’s happened in the news so far today.
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ASX to tumble, Wall St extends losses
Australian shares are set to drop more than 1pc at the open. US stocks reversed early gains though Nvidia rebounded. Volatility leaps to three-month-high.
- Timothy Moore
Opinion & Analysis
Time to sell stars like CBA and Nvidia? History says be careful
More market watchers are getting worried the stars of this rally are starting to fade. But new research says big winners tend to keep winning.
Columnist
Nvidia crash shows dark side of the Trump trade
Donald Trump’s comments on Taiwan added to a global sell-off in computer chipmakers. The episode has three big lessons for investors.
Columnist
Stocks just keep rising, but bonds are flashing a big warning
Wall Street’s rally is grinding on, and now seems to be broadening out. However, beneath the surface, there are signs of fragility that shouldn’t be ignored.
Columnist
Why these 14 ASX stocks could be set to disappoint
The sharemarket might be flirting with all-time highs, but there’s a growing sense investors are far too optimistic about earnings growth next financial year. Here’s why.
Columnist
Companies in the News
Commonwealth Bank
Fortescue Metals Group
Westpac Banking Corporation
Updated: Jul 19, 2024 – 4.40pm. Data is 20 mins delayed.
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Meet the Fundie
Three little-known stocks driving this veteran’s mega returns
Pengana’s James McDonald discusses his blockbuster year and the ASX-listed stocks he is backing into the new financial year.
- Joshua Peach
Meet the fund manager doing it better than everyone else
In a market completely saturated with Aussie equity funds, Robert Gregory, a one-man band, has come out on top thanks to some cracking stock bets.
- Sarah Jones
GQG slashes tech exposure, here’s where it’s buying next
Brian Kersmanc was the first analyst that star stockpicker Rajiv Jain hired for his new firm. He’s now co-managing all of GQG’s strategies which are pumping out near-40 per cent returns.
- Alex Gluyas
Yesterday
- Opinion
- Chanticleer
Time to sell stars like CBA and Nvidia? History says be careful
More market watchers are getting worried the stars of this rally are starting to fade. But new research says big winners tend to keep winning.
- James Thomson
This Month
Struggling bitcoin miners seek deals with AI companies
They now hope to benefit from a surge in demand for powerful but scarce chips which are used in both crypto mining and AI processing.
- Nikou Asgari and Tim Bradshaw
- Opinion
- Chanticleer
Nvidia crash shows dark side of the Trump trade
Donald Trump’s comments on Taiwan added to a global sell-off in computer chipmakers. The episode has three big lessons for investors.
- James Thomson
SG Hiscock offloads retailers and buys these small caps instead
Small caps manager Shawn Lee explains why he’s bearish on the consumer discretionary sector and names a Kiwi-based retirement living operator as a stock he thinks is cheap.
- Joanne Tran
Jobless rate rises; COVID-hit Biden signals exit; Trump hurts Nvidia
Read everything that’s happened in the news so far today.
Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach and Joanne Tran
ASX to fall, Nasdaq tumbles as semiconductor stocks plunge
Australian shares are set to open lower. The tech-heavy Nasdaq Composite shed 2.8pc amid a sell-off in semiconductor stocks. Nvidia shed 6.6pc.
- Timothy Moore
Geopolitics tops inflation as key market risk: global fund managers
The “perception” of geopolitical risk is a net 88 per cent above normal, and at its highest since November 2022, according to a Bank of America metric.
- Timothy Moore
Investors size up ASX small caps as Wall Street pops
With the US central bank looking like it will begin cutting rates, smaller stocks there have been on a tear. The same could happen in local equities.
- Sarah Jones and Joshua Peach
Why Ark’s Cathie Wood is betting big on Tesla
The fund manager is banking on Elon Musk’s move into robotaxi’s will be a catalyst for a roughly 10-fold increase in Tesla’s share price
- Bei Hu
ASX hits record; Burke moves on CFMEU; Accolade to buy Pernod
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Stocks just keep rising, but bonds are flashing a big warning
Wall Street’s rally is grinding on, and now seems to be broadening out. However, beneath the surface, there are signs of fragility that shouldn’t be ignored.
- James Thomson
ASX resets record as property, tech rally; gold stocks climb
Shares extend advance above 8000 points; BHP breaks iron ore export record, promises copper lift; Cettire flags revenue, customers ahead of FY24 report; gold climbs to record; New Zealand Q2 inflation slows, keeps rate cuts on the table. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
ASX to rise, Dow gains as rally broadens, yields ease
Australian shares are set to open higher. Dow rises 743 points or 1.9pc; UnitedHealth surges. Trump would keep Powell, sees 60-100pc tariffs on Chinese imports.
- Timothy Moore
Investors to pull money from banks as property, miners rebound
Equity strategists are expecting the ASX 200 to stay around 8000 points until the end of the year. But it won’t be the banks leading the year-end rally.
- Joanne Tran
Bond market dials up US rate cut bets; RBA left behind
Goldman Sachs says there is now “solid rationale” for the Federal Reserve to start cutting rates this month. It’s a different picture in Australia, where markets are still pricing in a rate rise.
- Sarah Jones
CFMEU boss defiant; KPMG axes jobs; Who is J. D. Vance?
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Why these 14 ASX stocks could be set to disappoint
The sharemarket might be flirting with all-time highs, but there’s a growing sense investors are far too optimistic about earnings growth next financial year. Here’s why.
- James Thomson
ASX slips back below 8000 as BHP, Rio Tinto weigh; DroneShield sinks
Australian shares end lower. The Dow closes at a record high. Bitcoin bounces. Rio Tinto’s iron ore production slips. Follow updates here.
- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
ASX to slip, Wall St extends its rally on ‘Trump trade’
Australian shares are set to edge lower. All three US benchmarks advanced to start the week. Goldman’s profit doubles. Bitcoin lifts, boosting Tesla.
- Timothy Moore
