July 2024

Companies discussed include: — Woodside Energy Limited (ASX:WDS)— SG Fleet Group Limited (ASX:SGF)

Shares in travel giant Flight Centre (ASX:FLT) fell more than 8% on Wednesday morning after the company issued what investors perceived as a downgrade, tempered with weak news. The company revised its forecasts for Total Transaction Volumes (TTV), which are now expected to be in line with, rather than exceed, the 2018-19 peak of $23.7

To register for Friday’s webinar click here. Hexima (ASX:HXL) has entered into a binding but conditional share sale agreement to acquire 100% of the issued capital of Real Thing Entertainment Pty Ltd. Real Thing has developed an artificial intelligence platform that allows users to achieve outcomes using simple voice commands through to complex dialogue. Shares

Australian shares decline by midday, influenced by lower US stock indices and disappointing quarterly results from Tesla and Alphabet. At 11:40am, the S&P/ASX 200 is 0.12 per cent lower at 7,961.60, while US indices, including the Dow, Nasdaq, and S&P 500, dropped between 0.1% and 0.2%. Tesla’s second-quarter profit missed Wall Street expectations, marking its

Perpetual (ASX:PPT) has reported a significant decrease in its assets under management (AUM), which fell by $12.4 billion in the fourth quarter, ending at $215 billion as of June 30. This drop contrasts with the $227.4 billion reported as of March 31. Chief Executive Officer Rob Adams highlighted several factors contributing to this decline, including

Iron ore prices tumbled below $US100 per tonne late Tuesday, driven by a lack of substantial stimulus from a recent policy meeting in China and robust supply levels. The steelmaking material fell by up to 3.5%, reaching $US99.85 in Singapore, and appears set for a third consecutive day of losses. This decline follows the Third

Tesla’s great U.S. rival, General Motors, had a strong second quarter and boosted its guidance for the rest of 2024. Unfortunately, this positive news went largely unnoticed in the markets, and shares fell more than 6%. GM easily surpassed Wall Street’s earnings expectations for the second quarter, while it continues to address challenges such as

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