July 23, 2024

Goldman Sachs’ David Kostin estimates that the recent rolling five-day relative return for U.S. small-caps was the best in at least 40 years. In the past two weeks, the Russell 2000 has experienced its strongest performance since 2002. Yesterday, it rebounded from early losses to once again outperform the Nasdaq and S&P 500, advancing by […]

Investors gave a mini-thumbs down for what was a weak quarterly and half-year production and revenue update on Tuesday. After basking in the reflected glory of Monday’s US LNG project deal and many encouraging reports—both analyst and media—about how the Tellurian play was a bid for a “global LNG powerhouse,” Tuesday brought a reminder that

Another lesson Tuesday for the Tesla board and Elon Musk from the market: earnings and revenue matter more than all the off-the-cuff ideas and wacky products like robotaxis and Cybertrucks. They might have their place, but for Tesla, it is falling behind the competition quarter by quarter as its rivals get their act together, especially

Warren Buffett’s Berkshire Hathaway has sold off more of its stake in the world’s biggest EV maker, BYD of China, taking the holding below the disclosure level on the Hong Kong Stock Exchange. Berkshire revealed this week that it cut its holding in BYD H-shares on July 16, dropping its stake from 5.06% to 4.94%,

YouTube ad revenues jumped 13% in the three months to June, adding a nice bit of cream to what was already a solid result for parent company Alphabet. YouTube’s revenues hit $8.663 billion, contributing to Alphabet’s better-than-expected 14% rise in total revenue to $84.7 billion. The revenue and earnings figures both came in ahead of

US markets hovered around flat as traders and investors awaited earnings numbers from Google parent Alphabet & EV/A giant Tesla. Both companies were due to report after the close. The S&P 500 just tipped into the red finishing down 0.16 per cent. The Nasdaq closed 0.06 per cent lower and the Dow Jones ended the

The ASX 200 closed 39.4 points, or 0.5%, higher at 7971.1 on Tuesday, reversing a three-day losing streak, with tech stocks leading the gain, ending 1.6% higher. This rebound was influenced by a strong performance in the US tech sector, with the Nasdaq Composite rising 1.6% and the S&P 500 adding 1.1%, ahead of major

Three quarterly results from U.S. steel rivals to BlueScope Steel (ASX:BSL) confirm the fears BSL has about pricing in the North American business in the six months to June. BlueScope reports its full-year results for 2023-24 on August 19, but at its interim release in February, it warned, “Our outlook for the Company in the

Woodside (ASX:WDS) shares were down nearly 3% at one stage on Tuesday after the company released a solid-looking June quarter report but a not-so-solid six-month update with a big hint of a sharp drop in interim earnings. The company reported a 2% quarter-on-quarter increase in revenue to $US3.03 billion. Quarterly production was down 1% from

At 11:35am, the S&P/ASX 200 is 0.64 per cent at 7,982.30, tracking the positive performance of the Nasdaq, which advanced 1.6%, and the S&P 500, which added 1.1%. In corporate news, Woodside’s revenue rose 2% in the June quarter, while Transurban partnered with the Queensland government for a motorway project, and rare earths miner Axel