Latest
Brokers tip retail and industrial stocks in an already hot sharemarket
Equities strategists and fund managers are working out how to navigate a market that has been on a bull run, creating increasingly stretched valuations.
- Joanne Tran
ASX slips as Mineral Resources tumbles
Shares slip; CBA resets all-time high; EML completes Sentenial sale; Coles, Woolworths, Wesfarmers trade ex-dividend; Fonterra to build $138m cream plant in NZ. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Alex Gluyas
Wong’s Asia push; BCG admits to bribes; Banks’ golden goose at risk
Read everything that’s happened in the news so far today.
Iron ore slides below $US100 a tonne as stock sits on Chinese docks
Strategists are warning that the commodity, one of Australia’s key exports, would continue to sink amid depressed demand for steel in China this year.
- Alex Gluyas
ASX to edge modestly higher, iron ore slumps
Australian shares are set for a muted start. European stocks close little changed. Bitcoin hovers at $US58,000. US equities seen extending year-to-date rally.
- Timothy Moore
Here’s why REIT valuations may have finally bottomed
Morgan Stanley says cap rates for industrial and retail properties have peaked, signalling a buying opportunity for investors. Office towers may have further to lose.
- Joanne Tran
Opinion & Analysis
Here’s what is really going on in Australia’s sharemarket
After an intense month of profit results, when fund managers met with the majority of ASX-listed companies, the key takeaways were illuminating.
Contributor
What I learnt from 30 CEOs in 30 days
The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment.
Columnist
Two wrong calls: Why fundies couldn’t beat the market in FY24
There were two key calls to make in FY24 if you wanted to at least keep up with the ASX 200. Get one of those trades wrong and that’s your year’s performance gone.
Contributor
Rate cuts locked in, but be careful what you wish for
Jerome Powell gave the market the green light on rate cuts, and stocks rallied. But investors’ extreme positioning ignores an unpredictable market backdrop.
Columnist
Companies in the News
Commonwealth Bank
Wesfarmers
Macquarie Group
The Star Entertainment Group
Updated: Sep 3, 2024 – 4.39pm. Data is 20 mins delayed.
Search companies
View stories and data from an ASX listed company
Meet the Fundie
When bigger is not better: meet the fundies going it alone
As the investment giants grapple with rising costs and dwindling assets, there’s a band of ultra boutique firms that have sprung up and are making waves.
- Joanne Tran
Paradice’s Sam Theodore sees riches in these uranium stocks
The former Blackrock hedge fund manager’s recent trip to Paladin’s flagship Namibia mine has made him more bullish on the controversial energy source.
- Joanne Tran
The stocks that helped catapult ECP to the top of the pile
Fund management veteran Manny Pohl isn’t afraid to tackle short sellers head-on, and his fortitude is paying dividends for the firm that he helped found.
- Alex Gluyas
Yesterday
Hybrids make stealthy return in Scentre vision
A $750 million hybrid security issue entertained by Scentre may encourage more corporations to turn to the Australian debt market to bolster their balance sheets.
- Jonathan Shapiro and Cecile Lefort
ASX inches closer to record; CBA resets record high; Star suspended
Gold miners take a hit. Dreamworld operator slips on tiger mauling. Iron ore declines on China woes. Follow for more.
- Timothy Moore, Joshua Peach, Joanne Tran, Cecile Lefort and Alex Gluyas
REA mulls $8.5b bid; Vegan chain collapses; Shemara’s next big move
Read everything that’s happened in the news so far today.
‘Winner takes all’ cycle dashes hopes of ASX small-cap revival
Blue-chip stocks asserted their dominance throughout the August reporting period, but analysts warn that has left valuations stretched.
- Alex Gluyas
Crypto owners are more likely to have psychopathic traits, study says
Digital asset holders exhibit higher levels of “dark” personality attributes, such as narcissism, Machiavellianism and sadism, according to an academic paper.
- Teresa Xie
When bigger is not better: meet the fundies going it alone
As the investment giants grapple with rising costs and dwindling assets, there’s a band of ultra boutique firms that have sprung up and are making waves.
- Joanne Tran
This Month
ASX could test record after Wall Street pushes higher
Hopes for a US interest rate cut continue to buoy risk sentiment globally, with the Australian market focusing this week on the RBA governor’s speech.
- Cecile Lefort
- Opinion
- Earnings season
Here’s what is really going on in Australia’s sharemarket
After an intense month of profit results, when fund managers met with the majority of ASX-listed companies, the key takeaways were illuminating.
- Paul Taylor
August
S&P 500 rises after data confirms inflation cooling
The US benchmark spiked higher in the final 10 minutes of the session, lifting its gain for the month of August to 2.3 per cent.
- Timothy Moore
- Opinion
- Chanticleer
What I learnt from 30 CEOs in 30 days
The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment.
- James Thomson
ASX investors flood back as earnings season soothes market panic
Strong dividends and signs that consumers were still spending fuelled a recovery from a shock sell-off this month, with the ASX 200 back near record highs.
- Joanne Tran and Joshua Peach
Star too big to fail; Harris’ GOP surprise; NAB bankers jump to CBA
Read everything that’s happened in the news so far today.
ASX climbs as Downer jumps 17pc; Ramsay, Harvey Norman fall
Shares rise at the closing bell; Downer EDI swings to profit; Star given last chance to turn around Sydney casino culture; Ramsay Health Care shares slump; July retail sales flat. Follow updates here.
- Timothy Moore, Joanne Tran, Cecile Lefort and Joshua Peach
ASX to rise, Wall St pares early advance, Nvidia drops
Australian shares are set to open higher. S&P 500 gives up gains in choppy session. Australia July retail sales ahead. Bitcoin at $US59,000.
- Timothy Moore
Wesfarmers, Cettire drive ASX lower
Shares fall; Nvidia’s forecast disappoints; Sandfire ups revenue; higher profit for Wesfarmers; Atlas Arteria & Qantas profit drop; Southern Cross skips dividend. Follow updates here.
- Timothy Moore, Cecile Lefort, Joanne Tran, Alex Gluyas, Joshua Peach and Sarah Jones
These early Nvidia backers are offloading their shares – for now
Some early Australian investors of the AI darling were positioned for a sharp sell-off in the shares this week, including Munro Partners, but a re-acceleration in the chipmaker’s earnings is also in their sights.
- Alex Gluyas
Why this beaten up beauty stock could pay off handsomely
Ex-Magellan stock-picker Kris Webster explains why he’s betting on a rebound in the US beauty industry and a stock that has slumped more than 30 per cent since March.
- Joanne Tran
CBA’s Matt Comyn grilled; PM’s hot mic moment; Why doubts dog Nvidia
Read everything that’s happened in the news so far today.
ASX to fall; Nvidia reports, plans $US50b buyback
Australian shares are set to open lower. Nvidia quarterly revenue up 122pc from a year ago, forecast to rise near 80pc in third quarter. Nvidia conference call at 7am AEST.
- Timothy Moore
Warren Buffett’s Berkshire Hathaway tops $US1 trillion market cap
The conglomerate has become the first US company outside the technology sector to reach the 13-figure milestone, after its shares rose 30 per cent this year.
- Bre Bradham
