August 2022
The $68b bargain hunter loading up on cyclical stocks
John Goetz, co-chief investment officer of Pzena Investment Management, likes the risk-reward opportunity in UBS, Shell and Michelin.
ASX gains 0.7pc; uranium stocks surge; City Chic dives
Pendal gains, Perpetual sinks on deal; Qantas plots $400m buyback; Zip posts $1b loss; Insignia gains on profit lift; Whitehaven $1.95b record profit; Appen swings to loss; South32 record earnings; Follow for updates.
ASX firms 0.5pc as strong results power shares
Companies from a range of sectors including HomeCo, WiseTech Global and Iluka Resources helped pull the sharemarket higher on Wednesday.
ASX posts first gain this week; WiseTech in the driver’s seat
ASX gains; EML in merchants fraud; APA guidance disappoints; Record earnings for Lotto; Tabcorp $150m capex plan; Iluka, WiseTech, Worley, Coles lift profit; Domino’s expands.
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Global dividend payments hit record high
The energy and financial sectors helped drive shareholder payouts, while Australian miners boosted local dividend growth.
ASX falls 1.2pc as investors rebuke soft results
Australian shares closed lower on Tuesday as a handful of underwhelming corporate reports and a shift in sentiment overnight in the US and Europe weighed on local blue chips.
Tribeca Global LIC stung by war, recession worries
Listed investment company posts $11.8 million loss for the financial year, but points to encouraging gains in July.
ASX closes down 1.2pc as Endeavour dives, energy stocks gain
Australian shares headed for worst day since mid-July, rate fears reignite recession anxiety; Endeavour falls on 10pc FY22 profit as Ansell, Pilbara gain; Energy stocks Woodside, Santos rise; Kogan sinks on massive loss. Follow all the results here.
Company profits show resilient earnings momentum
Earnings season reports show signs of a slowing economy but forecast profits remain relatively healthy, according to Goldman Sachs.
ASX falls 1pc; Altium’s profit soars 57pc
Lithium prices to be ‘stronger for longer’: Macquarie; Link shareholders approve Dye & Durham acquisition. Follow updates here.
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Companies that can’t pass on higher cost punished
Companies struggling to insulate earnings from higher input costs or provide guidance for future profits have weathered share price declines.
Oil, coal exporters lift ASX; CBA finishes below $100
AGL doesn’t expect ‘major step-up’ in FY23 earnings; Cochlear lifts dividend 18pc, TPG faces mobile pressure, Newcrest cuts dividend, share jump. All Friday’s earnings here.
ASX falls 0.2pc on busy day of earnings
Share price declines for Blackmores Group and Transurban, which were among companies reporting their results, weighed on the sharemarket on Thursday.
Investors pare bets on supersized Fed rises
Markets registered a mixed response to the Fed meeting minutes, though the futures market signalled a lower chance of a 0.75 percentage point rate increase in September.
ASX closes down 0.2pc as Blackmores sheds 10pc, coal stocks rally
Australian shares traded lower on Thursday as tech stocks drag. MACA knocks back NRW bid. Whitehaven Coal shares hit 11-year high. July jobless rate 3.4pc as number of unemployed falls to 14-year low. Follow updates here.
Investors risk misreading Fed in ‘most hated’ rally
Global equities have surged 13 per cent since the middle of June as investors predict the softening US economy will prompt the Federal Reserve to cut rates.
ASX closes up 0.3pc, UK inflation rises 10.1pc
RBNZ lifts rates to 3pc. Redbubble dives 30pc. Downer, Magellan fall on results. Domain says property FOMO over. Austal upgrades FY22 earnings guidance. Follow for updates.
ASX rises, RBA minutes show focus on household spending
Australian shares open higher. James Hardie reduces FY2023 guidance. BHP chief urges ‘disciplined’ approach to OZ Minerals offer. RBA warns of pressure on households from rising rates.
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ASX adds 0.5pc; Nearmap rallies, Beach Energy dives
Supply chains are improving, says JB Hi-Fi chief; PBOC unexpectedly cuts key rate; Nearmap soars on takeover bid. Follow updates here.
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Blue-chip earnings robust despite higher costs
Early 2022 financial year results indicate companies have weathered supply chain and inflation pressures to keep profits in check.