August 2023

Berkshire Hathaway has experienced a significant surge to a record high in the wake of its Saturday earnings report, which showcased an operating profit for the second quarter surpassing Wall Street’s expectations. The Class B shares of Buffett’s conglomerate, which comprises railroad, utility, energy, and insurance companies, soared by 3.6 percent, reaching $US362.58 at the […]

In its latest trading update, Australian department store chain Myer (ASX:MYR) has raised its profit expectations by an impressive 15 to 21 per cent for the financial year 2023. The updated profit forecast now ranges between $69 million and $73 million, reflecting the company’s robust performance in the current financial year. Myer reported a significant

Price rises and better-than-expected sales volumes in the huge US market saw the building products group James Hardie (ASX:JHX; NYSE:JHX) survive the uncertainty in parts of the global home building and construction sectors in the three months to 30th June. The company reported a modest 3% dip in net profit to $US157.8 million, off the

Empire Energy Group (ASX:EEG) has taken a significant step forward in advancing its gas transportation services by entering into an initial agreement with APA Group (ASX:APA), Australia’s leading energy infrastructure business. The agreement aims to establish exclusive midstream gas infrastructure early works and proposed long-form agreements, furthering the memorandum of understanding as announced by Empire

In the month of July, the NAB monthly survey exhibited that business conditions experienced a marginal dip of one basis point, settling at +10 index points, while business confidence witnessed a positive shift, rising by two points to reach +2 index points. These contrasting trends came as a surprise to analysts who had anticipated a

Empire Energy (ASX:EEG) and APA Group (ASX:APA) have agreed to develop midstream gas infrastructure in the Beetaloo Basin. APA will invest up to $5 million for pre-engineering studies to support gas transportation to the Northern Territory and East Coast markets, subject to approvals. In response, Empire’s MD Alex Underwood commented, “APA potentially funding the midstream

BluGlass Limited (ASX:BLG) Non-Executive Director Jean-Michel Pelaprat shines a light on the laser industry.  Paul Sanger: I’m joined today by photonics industry pioneer and veteran Jean-Michel Pelaprat to shine a light on the laser industry and dive into this essential and high-growth market segment. Jean-Michel is a Co-Founder of New York Stock Exchange-listed laser pioneer

Click here to visit the Stock Doctor website. FY23, the Year That Was FY23 once again reinforces the old adage that “the stock market is not the economy” as the ASX All Ordinaries rose 14.8% despite a plethora of macroeconomic events including but not limited to:The most severe interest rate hiking cycle seen since the