So far 54 of the ASX200 companies reported earnings so far. And the good news is, so far sales and earnings are better than expected and that's supporting our Aussie share market which today moved up 0.3%, back over its 50-day simple moving average - which could be seen as a bullish signal. Plus we are also seeing the technical indicator the MACD, suggest buying could pick up here.
Remember, the market typically...
Remember, the market typically...
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AGL, Australia's biggest utility company, a $7.4 billion company, reported a profit surge with its core profit almost tripling in the 2024 financial year as it gained more customers (5% more Y/Y) and charged more as well.
· This was reflected in underlying earnings (EBITDA), which rose +63% y/y to A$2.22 billion, surpassing the estimate of A$2.17 billion. Meanwhile, operating free cash flow hit A$1.74 billion, showing that AGL is making...
· This was reflected in underlying earnings (EBITDA), which rose +63% y/y to A$2.22 billion, surpassing the estimate of A$2.17 billion. Meanwhile, operating free cash flow hit A$1.74 billion, showing that AGL is making...
Australia's biggest bank, CBA, and the largest company on the ASX, raised their dividend after delivering a $9.84 billion profit. Despite its cash profit falling over 2% and its net interest margin declining, overall, their results met average analysts' estimates, which is why we saw a positive reaction in its shares, pushing them back up towards record-high territory.
· De...
· De...
Wednesday August 14 2024
Sentiment is bullish once more. The VIX continued to fall from its highs (it's back to 18). Hopes are high that central banks will come to the rescue and cut rates (we saw that in NZ today), and inflation is coming down, so now more US rate cuts are on the horizon. And the average Aussie blue-chip business is doing better than feared.
US markets got a boost ...
Sentiment is bullish once more. The VIX continued to fall from its highs (it's back to 18). Hopes are high that central banks will come to the rescue and cut rates (we saw that in NZ today), and inflation is coming down, so now more US rate cuts are on the horizon. And the average Aussie blue-chip business is doing better than feared.
US markets got a boost ...
Jessica Amir
liked
What's happening? Well, three things: Volatility is calming. It's as calm as a cucumber compared to last week (see below). Markets are going back to ‘business as usual.’Markets are holding their breath for Jerome Powell's signal of a Fed rate cut in September at his Jackson Hole address next week, with this week's CPI release not expected to rock the boat. For the most part,
it looks like markets...
it looks like markets...
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Jessica Amir
commented on
For a lot of people, when they see CBA $CommBank (CBA.AU)$, the biggest bank in Australia, and the biggest company on the ASX down 4% from its record highs at $132.22, while offering a 3.5% dividend yield, to many it's a buying opportunity.
It has a low bar to bar to jump over too, which is positive for driving an earning beat – which is what will add hot sauce and kick up its shares, plus a boost to its buy back might be a nice s...
It has a low bar to bar to jump over too, which is positive for driving an earning beat – which is what will add hot sauce and kick up its shares, plus a boost to its buy back might be a nice s...
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Jessica Amir
reacted to and commented on
Should I buy gold stocks now, that keep hitting new highs? Why gold could rally 60% to a new high and hit $3,944
Well, well, the gold price hit a new record. It's up 25% in a year and once it punches through $2500, it will probably keep rising as central banks keep buying more gold.
Why are banks buying gold? Central banks around the world are reducing the amount of US dollars they hol...
Well, well, the gold price hit a new record. It's up 25% in a year and once it punches through $2500, it will probably keep rising as central banks keep buying more gold.
Why are banks buying gold? Central banks around the world are reducing the amount of US dollars they hol...
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The 'hysterical-fear' that caused US markets to fall 3% at the beginning of last week, with the VIX peaking, and some thinking “this is it. We're going into a recession. Put your money under the mattress". Well, that type of 'radical hysteria and panic', quickly subsided, while sage investors quietly started buying the dip, taking advantage of the pull back. As many old investing hands...
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In Australia, it's the most important week for earnings releases, with proxies and some of our biggest companies reporting this week. So, it could be hugely pivotal for markets and respective sectors, so if we get an earnings beat in Australia's biggest bank, for example, you might expect the entire banking sector and perhaps the market to move higher. The inverse is also possible, wh...
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For those that believe, US CPI will continue to fall and allow the Fed to cut, while the RBA will probably keep rates where they are, then you might expect the Aussie dollar against the US dollar to rise further. So watch the AUDS.
Have you considered the AUDS $BetaShares Strong Australian Dllr H ETF (AUDS.AU)$, which rose 2.9% last week af...
Have you considered the AUDS $BetaShares Strong Australian Dllr H ETF (AUDS.AU)$, which rose 2.9% last week af...
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