US markets were trading strongly in the green this morning but turned red in the last few hours of trade. The futures markets have also sold further into the red after Netflix reported after hours. Netflix beat on earnings estimates and revenue but missed on subscriber growth which has investors worried about what’s to come
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Overnight, the S&P500 failed again at the 4,711 all-time high resistance, Tech and Discretionary stocks hammered lower whilst the more value-based stocks like Banks and Materials pushed higher. Traditionally Value tends to outperform growth when interest rates go up. At this stage, investors are adjusting to the FED meeting yesterday. We saw strong movement in
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One of the latest trends in the Australian investing world is the US market. Many Australian investors are flocking to the US to enhance their portfolio performance by either buying broad exposure via Exchange Traded Funds (ETFs) on the Australian market or by finding providers that allow Australian residents to buy and own US shares.
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The RBA was forced to let yields on some short-term bonds rise on Friday, after a weight of bond selling forced yields higher. This capitulation caused massive yield spikes for all Australian government bonds. These events suggest that many in the market believe that the RBA will raise interest rates before they have previously suggested.
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The XJO is expected to open lower this morning, following a pull back in the U.S last night. U.S futures sit in the green, giving hope that the move last night was a simple and healthy retracement, rather than something to be truly worried about. In the short term, if the U.S does continue to
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US markets on Friday closed slightly lower but finished to week higher. We have likely seen the worst of the selling for now as the US has kicked the debt ceiling issues out to December. Investors will likely wait for the reporting to kick off before buying too much more into this market. Fastenal will
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US markets recovered somewhat overnight after a compromise to extend the debt ceiling to fund operations through to early December. This gives the Democrats some time to come to a longer-term solution to fund the government and bides 3.5 trillion spending agenda. The major US indices did not hold the high for the day, giving
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Overnight the S&P500 and Dow closed higher as Financials, Energy Industrial and Materials push higher on the back of Bidens 550 billion in infrastructure spending. This will help see the US economy rebound after Covid and opens the door for the Democrats to approve a 3.5 trillion budget to spend further on their social security
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Overnight the S&P500 and Dow closed slightly lower, The Nasdaq closed slightly higher. The energy sector was down after Crude continued to pull back. Otherwise, it was a quiet session. Investors are waiting for more news around Biden’s infrastructure and US CPI Thursday morning. U.S. senators reconvened Sunday to work toward the passage of a
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Overnight the SP500 and Nasdaq closed in the all-time high territory. The Dow is still testing resistance. Technically we are seeing signs of continuation on both the Nasdaq and SP500 charts. Tonight, we will see further Jobs data. There are a few large names to report tonight and next week, but most of the US
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Markets in the US took a breather overnight after strong gains as investors become cautious of what message Jerome Powell will send out tonight. The recent worries around inflation have been a hot topic after he suggested there could be a spike in inflation soon. We would expect more detail from him this time and
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First off, a Mini Warrant is a derivative. Which is a financial product that derives its value from something else. So, derivatives on a stock like CBA go up and down in value depending on what CBA’s share price does. There are many different types of derivatives that have different levels of leverage and functionality. Some of
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The last quarter of 2020 had to be one of the more predictable periods in the market for some time, but that is likely not to change coming into 2021. As per any US election year, the market was very sideways coming into the election but extremely bullish coming into the end of the year.
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The rise of low-cost Fintech businesses has flowed through various areas of the Financial sectors. Some making real positive change whilst others are very questionable. Companies that can deliver the same or a better product at a cheaper price are great for consumers. But smart marketing sometimes can create an illusion of better, whilst under
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BHP Group Limited – BHP Results for the Year Ended 30 June BHP (ASX: BHP) today reported results for FY20. BHP’s revenues fell by five percent to $42. Billion, while profits fell four percent to $7.9 billion. As a result, BHP will cut the final dividend to 55 US cents, from 78 for FY19. Despite
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The BNPL (Buy-Now-Pay-Later) space has investors divided, on one side there is a belief that it is the next big craze and will become the payment method of the future. On the other side, many think some of them have a runway too high on hype. The question remains can APT and Z1P grow earnings
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James Hardie Industries (ASX: JHX) – Q1FY21 Results Announcement James Hardie today announced their Q1 FY21 results. Net operating profit (NOPAT) ran at around $US89.3 million for the quarter, which was in-line with the prior corresponding period. The company has announced full-year FY21 guidance for NOPAT of between $US330 million and $US390 million (FY20: $US352.8
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US earnings season is wrapping up and it’s been a wild one – with most of the S&P500 beating their expectations. This has provided the team at Emerald Financial with insights on which sectors have reported well and which have indicated strong guidance for next quarter. Most importantly – How will Australian companies report given
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