Rotation rally continues, ASX 1.7% higher, Commonwealth Bank (ASX:CBA) reports, US markets mixed, ASX to open positive The rotation rally continued on Wednesday as investors adjusted portfolios to what appears to be a sooner than expected return to normal. Every sector finished higher, with COVID beneficiaries including Consumer Discretionary (+0.7%) and healthcare (0.2%) among the ‘weakest’….
One of the stocks most hammered by the COVID correction in February-March was Qantas, which plummeted from $6.67 to $2.14, a fall of 68%, as the effect of the pandemic on air travel began to sink-in to the market. Like most of its peers, Qantas found itself in “the most challenging period in its long…
It’s becoming really tricky to get income from your money these days. ASX dividend shares may be the best answer. Bank interest rates are now really low. To combat that, here are a couple of ideas: Brickworks Limited (ASX: BKW) If I’m thinking about investing for dividends, I’d be looking for a few different things. I want to…
Part of the “financial wellness” app category, WeMoney is a must-have for those that are bad with their money or anyone, for that matter, who is looking to streamline and manage multiple bank accounts. Founder Dan Joveski is a former banker at NAB and has experience with start-ups after launching a company called SwitchMyLoan, which…
As 2020 comes to a close, investors of all kinds are faced with what seems to be a once-in-a lifetime dilemma: how to generate an income in a zero-rate world. Despite clear evidence that investing in stocks solely for their income has generally detracted from, rather than added to, long-term returns, the nature of the…
Self-directed investors are increasingly aware and educated about their investments, if ETF trading activity during COVID-19 is any indication, says Kanish Chugh, head of distribution at issuer ETF Securities. Presenting the latest edition of the ETF Securities Australian ETF Landscape Q4, Chugh adds “In just over three years, the Australian ETF market has doubled its…
And just like that, pharmaceutical behemoth Pfizer (NYSE:PFE) seemingly comes through with the goods, announcing a 90% effective COVID-19 vaccine. Global markets rejoiced, punching the air in delight screaming ‘pandemic over’. First Joe Biden is elected, the US rejoices in happiness, and now this. It could not get any better. As Bob Marley would say,…
The sound was deafening. It was the early stages of an unexpected global pandemic that had sent the entire world into meltdown. Both the short- and long-term impacts remained uncertain, the only certainty was that the movement of people around the world had ground to a complete halt: the worst-case scenario for investors in the…
ASX rallies on vaccine news, cyclical rotation in full flight, Westfield (ASX:URW) jumps 43.5% The ASX 200 (ASX:XJO) finished just 0.7% above open despite trading as much as 2.5% higher during the day on news of Pfizer’s (NYSE:PFE) successful vaccine trials. For those interested, reports suggest that the treatment has 90% efficacy in protecting from…