Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses seasonal patterns in shares. Key points:Seasonal patterns in shares gave rise to the saying “sell in May and go away, buy again on St Leger’s Day.”However, seasonal patterns can’t always be relied on so while investors should be aware of them, betting […]
Seasonal patterns in shares – should we “sell in May and go away”? Read More »
GrainCorp (ASX:GNC), the major east coast grain handler and shipper, has confirmed that it is facing a dramatic drop in first-half earnings for the six months to March 31. GNC informed the ASX on Monday that it expected to report an underlying EBITDA of $164 million when it reports its interim results on May 16
GrainCorp announces dramatic drop in earnings Read More »
Qantas (ASX:QAN) has settled its so-called ghost flights legal case with the competition regulator, the ACCC, at a cost of around $120 million. The Commission and Qantas announced the terms of the settlement in statements on Monday morning. In the settlement, Qantas admitted that it misled consumers by advertising tickets for tens of thousands of
Qantas settles ghost flights case with ACCC Read More »
TechGen Metals (ASX:TG1) has announced that they are introducing their new Copper-Nickel-Uranium Projects. The new projects focus on copper, which was traditionally an industrial metal, but is now essential to the green battery tech industry. Shares are trading 25 per cent higher at 3.5 cents. Southern Cross Electrical Engineering (ASX:SXE) has announced that its subsidiary
Stocks of the Hour: TechGen Metals, SC Electrical Engineering, Mandrake Resources Read More »
The Australian sharemarket surged at opening due to a weaker-than-expected US jobs report, suggesting potential interest rate cuts in the US. The S&P/ASX 200 Index climbed by 0.5%, with the real estate sector leading gains, but trading is anticipated to be subdued pending the Reserve Bank’s interest rate decision tomorrow. Following the US Labor Department’s
ASX up 0.54% near noon: All eyes await RBA decision Read More »
Investment markets and key developments over the past week Global shares mostly rose over the last week. While US shares had a volatile week they were buoyed by good earnings results and rose sharply on Friday in response to news of cooler jobs and wages growth in April which allayed fears of overheating. As a
Now, American investors have hopped back on the rate-loom bandwagon, but they could be on it for the wrong reasons after the April jobs data on Friday and a couple of other data releases during the week that suggest the economy might be in the process of cooling a bit more quickly than understood. The
American investors cautious amid slowing economy Read More »
US copper futures shook off a couple of weak days on Friday to climb nearly 2%, settling at $US4.5680 a pound ahead of the important elections in Panama on Sunday (yesterday). But before even the first vote was cast, Reuters revealed a major negative in the story for the Canadian mining giant, First Quantum, and
US copper futures climb nearly 2% Read More »
Westpac (ASX:WBC) has joined the National Australia Bank in reporting a double-digit dip in earnings for the half-year to March but will reward shareholders with higher dividends and a higher buyback. The NAB said its cash earnings fell nearly 13% to $3.5 billion, and on Monday, Westpac said its net profit (it has abandoned the
Westpac reports dip in earnings Read More »
Berkshire Hathaway’s March quarter earnings were overshadowed at the weekend by news of a big sale of Apple shares and a possible significant investment in Canada. Also notable was the absence at the annual meeting of former chair Charlie Munger, who died late last year. If it had been another quarter, the story would have
Berkshire Hathaway’s March earnings Read More »
