ASX weak on CBA tumble, AUD falls on weak wage data, Seven, Seek upgrades The S&P/ASX200 (ASX: XJO) finished 0.7 per cent lower on Wednesday, with market behemoth the Commonwealth Bank of Australia (ASX: CBA) dropping over 8 per cent and dragging the financial sector down 2.7 per cent along with it. Most other sectors were higher led by the IT and…
It was the magnesium boom that never happened, but Aussie investors are finally having a day in the sun after a shortage sends the magnesium price skyrocketing. In a similar fashion to the rare earths boom a few years ago, China has created, whether deliberately or accidentally, a magnesium crisis, which is sending investors piling…
The City Chic Collective Ltd (ASX: CCX) share price is on watch as it told investors about its outlook for FY22. City Chic’s FY22 update The plus-size fashion retail business is holding its annual general meeting (AGM) and gave investors an update about how FY21 went, and its thoughts on the current financial year. If you didn’t…
The Covid recovery, which many investors have eagerly ridden since the pandemic lows of March 2020, is finally showing signs of moderation. Co-founder and CIO of Blackmore Capital, Marcus Bogdan, says “a growing myriad of challenges are weighing on equity markets, including supply-chain bottlenecks, energy prices grinding higher, financial deleveraging in China, the persistence of…
Dividends are back. After a Covid-enforced dividend lull, Australian companies are leading the world in dividend payout growth in 2021, with some of the worst-hit sectors, including mining and banks, recovering in full from what was a challenging 2020. Payouts are rebounding, albeit from a lower base. According to statistics released by Janus Henderson, “Australian…
The current lithium boom is expected to continue well into next year, which bodes well for lithium miners and battery producers. S&P predicts that lithium supplies will push out into 2022, despite a prolonged semiconductor shortage which has constrained the electric vehicle market and its sales potential. The seaborne lithium prices continue to rise on…
It could be time to consider the Telstra Corporation Ltd (ASX: TLS) share price as a turnaround idea. I have long considered Telstra as a business not worth investing in. Its margins were falling, the competitive edge was declining, growth options were limited and competition was intense. But I think that Telstra is turning each of those…
According to specialist equity manager Redpoint Investment Management, the current annual general meeting (AGM) season for ASX-listed companies is “arguably more important today than it has been over the past few years.” After at least 18 months of refusing to offer anything in the way of guidance to shareholders, outlook statements will once again be…
