By Chris Becker Yesterday was the first day of the official earnings season, which disappointed mostly, and has continued with Rio Tinto (RIO) this afternoon, which reported 1st half net profit down 34% to $5.885 billion, but this was way above the expected $5.04 billion by analysts. There’s lots of stuff coming off the Bloomberg news
Harvey Norman is generally seen as a struggling retail stock but because of its franchise structure it is just as much a commercial property play. This is the point made by UBS, which has a buy on the stock and a price target of $2.20. “We continue to see value in HVN’s ~$2.1bn property book
By Chris Becker Yesterday was day one for earnings, and we’ve had quite a few surprises and non-surprises with announcements. First off the rank was Bradken (BKN), a major supplier and manufacturing of mining equipment, surprising estimates by posting a 49% leap in profit for the year. The stock lifted off on the result, closing up over
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Another fun, almost green day across the board as the
By Chris Becker It is upon us – the end of financial year earnings season for listed stocks on the ASX200. Not all are reporting over the next month or so, but 181 companies will by the end of September with a few more in October. This is going to be one of the most
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Now that was a fun day! Green, green across the
By Chris Becker Over the weekend, reports continued to emerge following BHP-Billiton’s (BHP) announcement of a large impairment charge on its US shale gas assets on Friday, that expansion plans in the Pilbara will be put on the backburner. CBA analysts first reacted by cutting earnings forecasts at BHP – but this already looked priced
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. The response to last night’s volatility reverberated around Asia
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. The bizarro world on equity markets continued afresh in Asia
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Bizarro
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Another month gone, and the ASX200 continues to lift itself off
As the greatest generation silently fades away, the nation is left with looking after the biggest generation: the baby boomers. From this burden comes opportunity. As the nation’s mining boom peaks and the disleveraging consumer holds back consumer stocks and banks, one sector that has a healthy prognosis: healthcare. The main driver behind healthcare is
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Well I am disappoint again – the only drag on
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Asian market had a great day today – except again
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Markets around Asia today were mixed – and today is
Shares in Oz Minerals have declined by about a third since mid February. RBS a couple of weeks ago was noting the interest in shorting the stock, citing “an overhang on the stock, including a relatively short mine life, acquisition risk as OZL aims to undertake a significant transaction to grow the business and the recent conclusion of the on-market
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Markets around Asia today were singing the same tune “red,
By Chris Becker Macquarie Group (MQG) – the Silver Donut – the Millionaires Factory – whatever you want to call it, is the the best risk proxy to announce if the ASX200 is having a bull market or not: Today the Donut Factory announced that its securities unit will likely post a second consecutive yearly
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Markets around Asia wobbled around today after yesterday’s
Buy low and sell high. That’s the stock-picker’s guide to success. But is it that simple? Just because something is undervalued doesn’t mean it’s worth owning, sometimes to the contrary. At Macro Investor we spend a lot of time stocks identifying stocks that are undervalued, not just right now but also their future valuations. But that’s
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Its definitely not rabbit season – its unicorn hunting
The Sydney Airport share price has comfortably outperformed the ASX 100 since third quarter 09, despite its sharp drop in the price earlier this year. The company has released its June traffic results. Domestic traffic was up 4% on pcp (ytd -0.2%), while international traffic was up 10.6% (ytd +5.3). Brokers are cautiously re-entering the fray, although sentiment
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Well its been one of those weeks. Of
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Well that didn’t go according to plan –
Rio’s desultory performance is a little puzzling unless one factors in a bearish assessment of commodity prices. It is down about a third since the middle of last year. Analysts have it on a 2013E earnings multiple of about 7-8 times, which is very low for a company that is large enough not to have significant investment risk. Especially
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. The unicorns came bearing bank stocks which rocketed today, whilst
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. Unicorns and rainbows on the ASX today and if that’s
The buy and hold era is over for stocks. We are grinding through the fifth year of the secular bear stock market that began with the popping in late 2007 of the bubble in Australian stocks from 2003. For investors, what makes this period different from the last is the order in how you ask
Nuclear power may be on the nose in the wake of the Fukushima disaster, but energy still remains a sector that will provide inevitable demand. That makes uranium a reasonable play despite the fears about the risks. The increasing signs of reticence by BHP-Billiton to invest in the world’s biggest uranium deposit Olympic Dam are increasing focus on Paladin. JP
By Chris Becker These daily updates need to be placed in context with the longer trends and drivers amidst the overall technical picture, so head to Macro Investor for a free trial. Former “Trading Week” readers will find it reborn as “Technicals“, published 8.30am each Monday morning. So, pick your poison. Bank of Korea surprises
