What happened to Ansell?
Morgans Financial Limited
Morgans Financial Limited
Ansell shares plummeted over 20% on a profit downgrade Friday, Morgans Senior Analyst, Derek Jellinek looks at the result and the driving factors behind it. “The blame? We’ve been talking about it for a while; it’s the macro.” As a manufacturer of industrial gloves, Ansell is more exposed to the macro environment than many other stocks. The industrial economy is in a general malaise, if not an outright recession. In addition, Ansell reports in USD, meaning the higher USD is a headwind for earnings. “I don’t see any reason to be in this name until the macro improves.” Watch the full video below.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
1 stock mentioned
Morgans Financial Limited
Stockbroker
Morgans Financial Limited
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
Morgans Financial Limited
Stockbroker
Morgans Financial Limited
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
Comments
Comments
Sign In or Join Free to comment