NewsBite

Joshua Peach

Yesterday

The next global investing megatrend: war stocks

Governments around the world are ramping up military spending – and fund managers are positioning accordingly.

The ASX 200 is set to open lower.

Banks, miners drag shares lower; Magellan, GQG jump

Shares lose 0.1pc. $A gains as traders eye RBA. UK’s FTSE rallies on Labour govt. Wall St closed. US jobs data, French elections ahead. Follow here.

This Month

Phil King’s Regal Partners is set to rake in around $55 million in performance fees in the six months to the end of June.

Phil King’s Regal Partners set for major payday after banner year

Soaring funds under management and strong performance pushed fees at the investment house, which has snapped up several rivals this year, to record levels.

Local shares are set to open higher. BHP and Rio rallied in New York, taking direction from iron ore.

Miners boost shares; Santos jumps, bitcoin sinks again

Shares rise 1pc. Lendlease, Stockland deal faces ACCC opposition. Magellan jumps. Japanese shares, Nasdaq hit record high. Gold, oil climb. Follow here.

  • Updated
Retail sales jumped unexpectedly in May.

Three ASX stocks to ride out the retail rebound

As retail sales data tops market expectations, Morningstar says some beaten-up retailer stocks may be ripe for a recovery.

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Local shares are set to open higher, with retail sales data pending.

ASX rises as miners rally; Liontown drops 5pc

Shares advance at the closing bell; retail sales increased 0.6 per cent; Woodside trumps Santos in RBC’s global energy picks; Powell bolsters case for rate cuts. Follow updates here.

The ASX 200 is set to open lower.

ASX slips as rate worries weigh; Liontown, Woodside rally

Australian shares open modestly lower, led by banks and health stocks. Nasdaq leads US benchmarks higher. Liontown halts shares. Follow updates here.

  • Updated
From lithium to Healius, investors are backing some of the ASX’s worst-performing stocks.

Investors hunt for diamonds among ASX dogs

With the new financial year kicking off, funds are busy hunting through the sharemarket’s bargain bin for oversold names, betting on a rebound.

ASX falls; Coronado, Whitehaven jump; WiseTech drops

Shares dip; coal stocks jump; Euro gains as Le Pen’s party set for smaller victory than feared; Lendlease rallies after selling US military housing business for $480 million. Follow updates here.

June

Pro Medicus overtook Life360 during trading on Friday to become the best performing ASX stock in the last financial year.

The five best-performing stocks this financial year

A healthcare software developer has narrowly beat a family monitoring app to be the top-performing stock in 12 months.

Local shares are set to open higher.

ASX rises; IAG surges on reinsurance deal, Suncorp hits post-GFC high

Shares gain 0.7pc. Suncorp adds 3pc. GQG Partners hits record high. GYG sinks. Adore Beauty in $25m acquisition. Lithium miners retreat. Wall St higher. US inflation, French elections ahead. Follow here.

The ASX is on track to end the FY24 with a 6.4 per cent gain.

Inflation shock derails ASX 200 from best gain since 2021

A two-day sell-off after a hot consumer price report has left the bourse with a tepid return for the 2024 financial year.

Shares fall; bond yields jump, property stocks sink on rate bets

Shares lose 1pc as inflation worries hit property stocks. Southern Cross says no to ACM bid. Bitcoin extends losses. European stocks fall ahead of French elections. Follow here.

The ASX 200 is set to open lower.

ASX drops after CPI spike; Deutsche Bank, UBS say RBA hikes in August

Money markets ramp up rate hike bets after inflation data comes in hotter than expected. Collins Foods sinks 8pc. Follow updates here.

  • Updated
Guzman y Gomez shares are now a short selling target.

Short sellers target Guzman y Gomez days after $3b blockbuster listing

Prime brokers told hedge fund clients they were expecting around $50 million in shares to be made available to borrow, with strong levels of interest.

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Kris Webster (L) and Michael Poulsen of Canopy Investors.

Ex-Magellan stock pickers partner with Bennelong to launch new fund

Kris Webster and Michael Poulsen each spent more than a decade at the investment firm before finally setting up their own shop last year.

Local shares are set to open higher.

ASX rallies 1.4pc as Collins Foods jumps

Shares rebound; Energy & Minerals Group quits Coronado bid; ResMed dives 11pc in the US; Qantas buys 14 DeHavilland aircraft; Healius updates earnings guidance. Follow updates here.

  • Updated
New trial results from Eli Lilly’s weight-loss drug has sparked another ResMed sell-off.

ResMed sinks as drug trial sparks Ozempic-style sell-off

New results from Eli Lilly’s weight-loss treatment have traders reaching for the sell button, but analysts aren’t so sure.

  • Updated
The ASX 200 is set to open lower.

ASX slips; Cettire slumps 49pc; Paladin to buy Fission for $1.3b

Shares close down 0.8 per cent; Star drops after profit warning; Myer explores merger with Premier’s Just Jeans, Jay Jays; Cettire issues profit warning; ResMed sinks as Ozempic fears resurge. Follow updates here.

The Commonwealth Bank building in Sydney. The bank is on its way to becoming the country’s largest listed company.

CBA rally threatens to dethrone BHP as ASX top stock

A 25 per cent rally in the country’s largest bank has placed it within striking distance of the miner, which has been Australia’s most valuable listed company for more than two years.

  • Updated

Original URL: https://www.afr.com/by/joshua-peach-p536zp