The market was bid up strongly early on today however weakness crept in throughout Asia and we saw the local index tickle up against key resistance just above 6000 for the ASX 200. It simply feels like the current momentum in the mkt simply isn’t strong enough to see it... Show More
When Merlon was established in 2010 and we first formally reviewed Telstra, the stock was trading at $2.64. The top down (and perhaps consensus) view at that time was that the company faced enormous structural challenges stemming from the ongoing decline in fixed line voice services, intense competition in mobile... Show More
Aussie market started negative before substantial buying support for the banks came out of the left field and drove the market higher even before RBA came out with a rate cut. It was almost like some big investors knew there was a rate cut coming or were willing to take... Show More
Aussie market started flat and finished flat with banks covering the fall in miners and staples. The market was aimless and lacked any sentiment as everyone was waiting for FOMC meeting to let out the dogs of war. In all possibilities, US Fed will either hike rates or have to... Show More
Aussie market started negative on weaker commodities and the market went on with the negativity as US Fed decision is only a few days away. BOJ left rates on hold as they wait to see where the negative rates take them before making any more changes. The main game is... Show More
Aussie market started positive and finished positive despite wobbling around with weak China data and RBA keeping rates on hold. The Bank sector dividend yield to bond yield gap only reached these levels in 2008 and 2011 and both times the market bounced hard on yield trade. In an environment... Show More
Aussie market pulled back with usual Friday profit taking as investors were not willing to carry risk into the weekend. The bounce with Oil took a breather as Saudi Arabia confirmed they were talking about freezing and not cutting supply. Non OPEC and OPEC countries will have to come up... Show More
Aussie market started positive and then went on a rampant short covering run to deliver a strong positive finish after a weaker than expected unemployment data . The bounce was mainly driven by Oil recovery. Non OPEC players showing signs of working towards a deal with OPEC to first freeze... Show More
Telstra (TLS) posted a modest 0.4% rise in its profit to $2,093 million for the six months ending 31 December 2015 For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Despite the short term negative sentiment in yield stocks on the back of global investors selling, investors will start to chase high yielding stocks in an environment of low interest rates and lower growth. Global growth will remain low for longer while central banks provide support to avoid any recession... Show More
Aussie market started negative on global sentiment and then ran into global investor selling after employment data directly from the “Never Never Land”. ABS announced that Australia created over 70,000 new jobs while consensus expectations were for a loss of 10,000 jobs. The market is going to remain volatile till... Show More
Aussie market moved up hard as global investors jumped back on the large cap stocks with risk to falling currency subsiding. RBA staying on the sidelines on the rate cut cycle with China slowdown being negated by the US Fed remaining on the long path to interest rate normalisation. Market... Show More
Aussie market opened up very positively before the very negative business capex data took the shine off to end up with a smaller positive close. The business capex shows that despite all the talk from business lobby groups, the reality of the outlook for the economy is relatively bearish. The... Show More
Aussie market went against the pre-market SPI and delivered 5th straight positive day with Staples, Banks and Telstra leading the way. Market is up 5.3% in five days with yield, currency and M&A stocks predominantly leading the fight back. US Fed is trying to organise an unscheduled meeting tonight (confirmed... Show More
Aussie market fought hard to deliver a positive finish on the back of the big banks and TLS despite the falls in commodities. US Fed will find it hard not to raise rates in December with all the data pointing to rate hike and the recent addition also expected to... Show More
Aussie market had a big bounce from the fair value level (i.e. 5000) in line with global positive sentiment overnight. China got the IMF internal tick to join the global currency war…wait, they already have done that….sorry, they now are expected to join the global reserve currency status. Only a... Show More
Aussie market started very negative with global sentiment before bouncing back to recover half the day’s loss and then sliding slightly further negative as the optimism waned. History tells us that in recent terror threat have not delivered a prolonged negative sentiment. We expect the current event to follow the... Show More
Aussie market started volatile and positive and remained there with Banks turning the corner the day before. We see the global investor selling pressure subsided today but it is holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to revisit... Show More
Aussie market took a hammering on the back of global investors pulling out on currency worries. We see the global investor selling pressure holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to revisit the 5000 low level, but we... Show More
Aussie market started choppy before building a bit of positive momentum on the back of the banks. RBA continues to talk up the economy and talk down property. Their areas of strength are in employment and consumer spending. Slowing property market, manufacturing doom with car industry shut down and only... Show More