Where we took profits and losses in 2024
Global stock markets delivered strong performances in 2024, fuelled by a resilient American economy and investor optimism about global rate cuts, although the RBA has held steady at 4.35% due to persistent inflation. The ASX 200 rose +9.5% year-to-date as of December 17, 2024, setting record highs earlier in the year but facing slight pullbacks […]
ASX 2024 Wrap & 2025 Outlook: RBA Pivot in Focus
Global stock markets have performed solidly overall in 2024 as the American economy continued to run smoothly, and investors began anticipating a global interest rate-cutting cycle, which has begun playing out across many economies, albeit not in Australia just yet due to stubborn inflation. The Australian economy has proved resilient in an aggressive rate-hiking cycle, but headline […]
WiseTech Global Share Price Tumbles – A Buy the Dip Opportunity?
WiseTech Global shares tumbled -14.6% in Monday trading marking the biggest daily drop in over a year, extending a weekly drop to over 21%. This followed media reports circling billionaire co-founder and CEO Richard White. Has the drama created a buying opportunity? We consider the case and believe so, recommending members consider taking advantage of […]
Australian Banks and the economy
We review our exposure to the major banks and update our taking on the group. That said, there are a number of factors that support the adjustment of our coverage. In this report, we will discuss: How have Australian Banks performed recently? How have our recommendations changed based on these results? Share The Webinar Related […]
Where we took profits and losses in 2023
Where we took profits and losses in 2023 2023 was a big year in the financial markets. Global stock markets have outperformed expectations, avoiding a feared recession in the US and showcasing resilience in the Australian economy (among developed economies) amidst aggressive rate hikes. The UK and Japan displayed economic resilience, while China faced concerns, […]
2023 In Review
2023 reflections Global stock markets have performed better than feared in 2023 as a widely expected recession for the US economy was avoided without the negative knock-on impacts that would typically have entailed. The Australian economy has also proved resilient in an aggressive rate-hiking cycle. Most other major countries have been on the same page […]
In better health
Sonic Healthcare (ASX: SHL) Although Sonic Healthcare shares have pulled back from 52-week highs, they have staged a nice ascent in 2023 and we believe the recovery has much further to go, with a solid fundamental outlook. The earnings ‘hole’ from lapping those bumper results amid the pandemic has faded and we foresee a robust […]
Speedbump
Domino’s Pizza Enterprises (ASX: DMP) Shares in master franchisee – and largest franchisee outside the US – Domino’s Pizza Enterprises (ASX.DMP) continued to be under greater pressure after the release of a ‘strategy update’ wherein management will streamline operations but also exit some unprofitable markets. To be fair, this move was not a complete surprise […]
Mobile bill pain for consumers is Telstra’s gain
Telstra (ASX: TLS) Telstra shares have been strong gainers year-to-date, extending gains from 2022 thanks to several factors, spearheaded by positive financial traction and the increase in dividends. In our view, there is significant optionality for the monetisation of the InfraCo business, although we may have to wait until late 2023 or beyond for a […]
Prices Take Some Back
Rio Tinto (ASX: RIO) Rio Tinto has revealed a reversal in its numbers for 2022, following falls in underlying and statutory earnings, and across all its reporting lines. While the balance sheet continues to be a key standout feature it was regeared but remains pristine. Shareholders saw the annual dividend near halve while no special […]
Pineapple on the Pizza
Domino’s Pizza (ASX: DMP) On the release of 1H23 results Domino’s Pizza’s share price has declined sharply. We digest the results and review our recommendation. The Daily view of DMP highlights the breakaway gap towards the major support level of $49.60, current price movements remain within the multi month consolidation range between $49.60 and $75.0. […]
A new beast
Woodside Energy (ASX: WDS) Woodside Energy (Woodside) has reported its operational numbers for 2022 and for the first time included the annual numbers for BHP Petroleum. The change is profound, with comparatives for the year reflecting this and supports our belief the acquisition is a major game changer for Woodside. Certainly, records fell in […]
