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          <time datetime="2026-02-20T14:54:00+11:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">February 20, 2026 14:54</time>
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              Strong result, falling share price – what the Wesfarmers&#39; CFO says investors might be missing
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  Strong earnings, rising dividends, and lithium upside – so why did Wesfarmers shares fall? We investigate what the market may be missing.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>The stock is down but this mid cap appears to be firing on all <span class="whitespace-nowrap">cylinders<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  MA Financial delivered strong results across all operating divisions and Joint CEO Julian Biggins says he expects the momentum to continue.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Bids, beats and bumper dividends. Reporting season takes a positive <span class="whitespace-nowrap">turn<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" id="embed_podcast" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Reporting season has taken a positive turn - Market Partners&#39; James Gerrish breaks it down for us
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  Strong operating leverage, disciplined acquisitions and a growing order book position Codan for sustained multi-year growth.
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              A late cycle ingredient for drawdown pain
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  Investors need to be careful to understand the true risk‑return trade‑off of leverage. 
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        Yarra Capital Management
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  A mining engineer turned fund manager explains why oil demand and consolidation could power the next resources cycle.
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              Silicon railroads: How the $600 billion AI capex pays for itself
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  Big Tech’s $600B AI spend isn&#39;t a bubble. It’s a self funded infrastructure build out with superior ROE and capital efficiency
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              Cheap Chalice set for recovery on hybrid vehicle boom and development of WA palladium project, says MD
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              Where to find value in a market obsessed with momentum
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Momentum is dominating markets, but dispersion is creating &quot;lumpy and attractive&quot; opportunities for value investors willing to explore.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Buy Hold Sell: 3 ETFs for AI exposure… and 3 if the robots <span class="whitespace-nowrap">disappoint<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  AI mania is here. We break down three ETFs chasing the boom and three designed to hold firm if the hype unravels.
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              The ASX 200 just set a new record high — but is the rally as strong as it looks?
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  The ASX 200 has hit a record high, but a narrow rally led by banks and resources companies raises questions about its staying power.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>Reporting season dividend diary: BHP delivers again for income <span class="whitespace-nowrap">investors<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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              Wesfarmers: old dependable delivers again, just don&#39;t expect any fireworks
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  Bunnings steady, Kmart manageable, lithium volatile. Wesfarmers remains dependable, but the multiple is demanding says Jim Power.
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              Netwealth beats expectations but super shift could be the future growth driver
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  Earnings topped forecasts, but the deeper story lies in how the platform is making its money.
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              Telstra is expensive. But you can&#39;t argue against its solid earnings, dividend and buyback
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              Still early: why the market broadening has years left to run
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  The next chapter of market returns looks very different, investors should be positioned to capture it.
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>50% of the global economy is missing from most Aussie portfolios. Here&#39;s how to add it <span class="whitespace-nowrap">in<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Most Australian investors are heavily exposed to US tech and little else. Here&#39;s what they&#39;re missing according to Cameron Robertson.
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          <div class="flex items-center mr-4">
            <div id="wire-listing-like-64910" data-load-engagement-count-target="like" data-wire-id="64910" data-position="1260">
                <button
  class="lw-button tertiary_gray xs icon-only "
  
  data-turbo-stream-url-value="/hotwired/likes/64910/wire/1260/like"
  data-controller="
    event 
     
    
    
    turbo-stream 
  "
  data-controller="event turbo-stream " data-event-name-value="like_clicked" data-event-view-name-value="" data-event-id-value="64910" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:1260,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="latest_feed" data-event-ga-action-value="like_clicked" data-event-ga-label-value="" data-turbo-stream-method-value="post"
  
  
  aria-label=home_like
  
  
  
>
  <svg class="home_like">
  <use xlink:href="#home_like"></use>
</svg>

  
  
  
</button>


</div>            <div class="flex items-center ml-1">
              <div id="comment-link-64910" data-load-engagement-count-target="comment" data-wire-id="64910" data-position="1260">
    <a
  class="lw-button tertiary_gray xs icon-only "
  href="/wires/50-of-the-global-economy-is-missing-from-most-aussie-portfolios-here-s-how-to-add-it-in#comment_body"
  
  data-controller="
    event 
     
    
    
     
  "
  data-controller="event" data-event-name-value="wire_comment_click" data-event-view-name-value="" data-event-id-value="64910" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:1260,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="latest_feed" data-event-ga-action-value="wire_comment_click" data-event-ga-label-value=""
  
  
  aria-label=comment
  
  
  
>
  <svg class="home_comment">
  <use xlink:href="#home_comment"></use>
</svg>

  
  
  
</a>

</div>
            </div>
            <div id="wire-listing-stats-64910" data-load-engagement-count-style-value="listing" data-load-engagement-count-target="stats" data-wire-id="64910" data-position="1260" data-style="listing" data-device-type="desktop"></div>
          </div>
        </div>
      </div>
    </div>
    <div class="flex flex-row-reverse">
        <time datetime="2026-02-19T11:45:34+11:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">February 19, 2026 11:45</time>
    </div>
</div>


      </div>
    </div>
</div>

  </div>
</template></turbo-stream>
  <turbo-stream action="update" target="pagination"><template>
    <a rel="next" href="/hotwired/feeds/latest?cache_prefix=latest_wire&amp;cursor=2026-02-19+11%3A45%3A34+%2B1100&amp;last_position=1260"></a>
</template></turbo-stream>
