ASX hit, defensive rotation begins, Oil Search loses MD, Telstra takes on China The ASX 200 (ASX: XJO) strengthened throughout the day, ultimately finishing 0.8% lower despite being as low as 1.1% during the morning session. The mining and energy sectors were weakest on concerns of a global outbreak of the Delta variant, with both falling by…
Start-up hopeful TechLend is disrupting the lending market by offering homebuyers interest-free, paperless, bridging loans with same-day pre-approval. Having dubbed itself as the “Afterpay of home loans,” challenges lie ahead in the company’s mission to deliver for customers. The business is the brainchild of Aaron Bassin and mortgage broker Nick Jacobs, who had become frustrated…
Charlie Aitken’s AIM Global High Conviction Fund delivered a solid update to investors this week following an eventual financial year. In his role as portfolio manager, Aitken discussed individual stock ideas in the portfolio and the fund’s preference for businesses that could earn sustainably high returns on capital, while sticking with quality. While not shooting…
The Rio Tinto Limited (ASX: RIO) share price has dropped in early reaction to the miner’s 2021 second-quarter update. Rio Tinto’s 2021 Q2 production Rio Tinto told investors about its performance compared to the prior corresponding period (2020 Q2). Iron ore shipments were down 12%, to 76.3 Mt. The iron ore production was down by 9%, to…
In its latest report, Morningstar has revealed its analysts’ economic outlook as well as top stock picks across 11 industry sectors. Published as part of the Quarterly Morningstar Australia and New Zealand Equity Market Outlook Q3 2021 report, the research firm has a number of strong positions. To sum it up, analysts found the broader…
For the first time in quite a while, Australia’s national telecommunications giant Telstra (ASX:TLS) looks to have turned a corner. Last week, the telco’s share price popped by 5.15%, and TLS is looking better and better every day. The stock has been quietly recovering, rising 27% in the year to date. The recent rise came…
Jasmina Osmanovic from Potentum Partners shares insights on whether drone delivery is the answer to the last mile.
Sean Fenton from Sage Capital shares insights on how to create yield on your long or short positions.
