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PODCAST

The COB from ausbiz

Close your business day with the ausbiz anchors and a wrap of the day"s key stories and market movers, as well as our Stock of the Day.Disclaimer: At ausbiz we provide news, information, analysis and commentary. All of this content is general in nature and does not take into account your personal financial situation. The information is not intended as advice and you should not rely on it as such. Before acting on any information you have seen or heard on ausbiz platforms, you should seek independent

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All Episodes

13:52

Soggy session dampens gains ☔

The COB from ausbiz ·

2022/04/06

The local market finished hump day on the soggy side, following a less than ideal lead from Wall Street. The ASX closed down 0.5%, but things could have been worse as the market was down nearly 1% at one point.Perspective is also important - since the March 9 low - the index is up more than 500 points.PolyNovo won today's gold medal for best on ground - reporting record March quarter revenues. Elsewhere, Woodside cleared its final legal hurdles for starting the $16 billionScarborough LNG project and

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11:28

Musk moves markets 👨‍💻

The COB from ausbiz ·

2022/04/05

It was a bottom left-top right kind of day, within a whisker of a fresh record high by lunchtime. Mineral Resources share price leapt as it plans to increase lithium production at two of its mines, calling demand for lithium "unprecedented."But generally, itwas a tech-led rally, not because rates aren’t rising but because Elon Musk snapped up 9.2% of Twitter.The RBA today dropped “patient” when it comes rate hikes saying it's waiting for a "couple months" of data, sending the Australian dollar

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11:42

Sun shines on Bridge St 🌞

The COB from ausbiz ·

2022/04/04

The local market had a positive start to the week, but volumes were thin. Whether the inverted US yield curve foretells a recession is still topic du jour. It was an M&A start to this Monday with Perpetual bidding $2.4 billion for Pendal, the latter share price trading over 23% at one stage, ending the day 18% higher.Otherwise, lithium stocks picked up where Friday left off. Iluka Resources closed up nearly 6% after receiving government funding to build a rare earths refinery. After a black hole

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13:12

Market fools its way to a win 🤪

The COB from ausbiz ·

2022/04/01

The local market sagged in early trade, with resources the only green on screen. Some broker reports gave the oil sector the nod, and so Santos and Woodside closed higher. Allkem jumped on the back of its price upgrade and finished over 8% higher. Pilbara Minerals wasn't far behind, and AVZ Minerals rounded out the top three. Meanwhile, itwas a soggy one for tech and financials. For the first day of the month and quarter it was a rare show of unity: small, medium and large caps were behind the

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11:50

End of quarter tumble 🤕

The COB from ausbiz ·

2022/03/31

The local market was buoyant all day, with a jump in the iron ore price pushing the resource sector to a new record high. Blue chips Rio, Fortescue and BHP all closed up between 2-4.5%. After the relentless rally in financials, investors cooled on the idea and took some profits. Harvey Norman closed down 6% as it went ex-dividend. Block, Xero and Zip all finished around 3-5% lower as tech was once again out of favour. As quarter-end bites on March 31, the red sell button loomed. The S&P/ASX200

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12:51

Budget, barbells and beast mode 🏋️

The COB from ausbiz ·

2022/03/30

We’d like to say the Budget spurred today’s “seventh heaven” winning streak, but the yield curve is more likely responsible for key market moves. The tech sector again responded to lower longer-dated bond yields, although a bump in the industrial sector took out first prize.It seems profit-taking dragged down some popular names like Incitec Pivot, Whitehaven Coal and Liontown. Financials quietly sailed higher on this tide, today up another 0.9%. Overall, the benchmark S&P/ASX200 closed up 50

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11:40

Budget day boost 📈

The COB from ausbiz ·

2022/03/29

Posting a six-day winning streak puts the ASX back to mid-January levels ahead of tonight’s federal budget. Inverted yield curves juiced up tech names, the sector closing up 3%. Block went like a bullet, closing up 6.8%, but Telix Pharma topped that, closing up nearly 10% . Small-cap NearMap added a whopping 18% after its update. Uniti Group received a revised $5 per share proposal from the Morrison-Brookfield consortium, but closed lower at $4.66. The oil price slump hit the energy sector, Woodside

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14:43

Lights, camera, market action 🎬

The COB from ausbiz ·

2022/03/28

It was a good start to the week, with banks and resources - houses and holes - keeping the market buoyant. In contrast, a surge in bond yields ate into tech stocks. Lithium and food-related stocks were back in the spotlight today. Iluka Resources, AVZ Minerals and Washington H Soul Patts put on a good show for investors. Today’s laggards were largely tech-related names like Xero and Tyro Payments, the sector closed down 1.6% in the end. The wooden spoon went to uranium darling Paladin, down over 5%

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12:45

Back to basic (materials) 🧱

The COB from ausbiz ·

2022/03/25

It's been a tussle all week long between the value plays (banks and miners) and the tech stocks. Today, it was a day for the materials with that sector up more than 1.4%. Healthcare and IT were among the laggards while the S&P/ASX 200 VIX fell like a stone following its Wall Street equivalent. The local market finished on a two-month high - up 0.4%.Australian three-year government bond yields scaled a fresh three-year peak of 2.25% in the session, the highest since May 2018. Even more

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13:46

foot on the gas 🏎️

The COB from ausbiz ·

2022/03/24

Markets are like watching a windscreen wiper, where resources and tech vie for biggest gainer position on alternate days. Today, it was resources up and tech down.Utilities and energy names featured in the top ten as oil and natural gas surged on fresh supply risks from Russia. While the likes of Zip, Telix Pharma and City Chic made up a mixed bag of laggards.Fisher & Paykel slid again, as brokers downgraded the outlook after yesterday’s update. In contrast, investors embraced the JB Hi-Fi

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11:38

Tech tailwinds 💨

The COB from ausbiz ·

2022/03/23

It was a powerhouse for the contrarian trade with the froth blown off the resources sector and the goldies, while tech caught a tailwind. A late contender for the top of the ladder was Uniti, closing up nearly 11% on a Macquarie consortium bid at the 11th hour. Up until then, med-tech Imugene was comfortably in the lead after announcing a green light for a trial, closing up nearly 10%. With a somewhat irrational trust in the Fed, growth stocks soared, led by poster-children Block and Zip, both

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12:49

Five out of five for energy ✋

The COB from ausbiz ·

2022/03/22

Australia's dominance in the resources space in these volatile times saw the local market open up strongly. Energy and commodities more broadly were bid up at the open, with financials joining the blue-chip exuberance. At the top of the ladder, eight out of the top 10 were resources, including lithium plays AVZ Minerals, Allkem and Liontown. Old-school BHP and Whitehaven Coal also featured.Financials closed up 0.7% higher, with the big five and insurance all closing higher.In contrast, in the wake

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12:22

Just another meandering Monday ↘️

The COB from ausbiz ·

2022/03/21

The market opened well and traded in a sea of green, but as the oil price rose and US futures fell (and no prime rate cut from China) the red started to creep back in across the screens. Tech led early gains as aggressive front-end rate hikes ironically drag down long-end yields, in turn boosting growth stocks. Block jumped 9%, and the info tech sector ended 2.5% higher.CSL dragged down the healthcare sector, while the entire gold complex closed lower. The wooden spoon went to De Grey Mining as gold

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9:26

starting strong, finishing stronger 💪

The COB from ausbiz ·

2022/03/18

Another day and another choppy trading session, continuing what was a largely upbeat, but volatile week.Today, resources and energy were on investors’ shopping list. Strange bedfellows Block, Imugene and Paladin were at the top of the ladder, closing at least 7% higher on the day, but the thematic was outperformance across miners and energy stocks. In contrast, Megaport sat at the bottom of the ladder all day, and closed down nearly 8%. Other laggards such as Star and Eagers Automotive were company

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12:25

St Patrick's Day luck o' the tech ☘️

The COB from ausbiz ·

2022/03/17

No nasty surprises from the Fed signalled a green light to buy up … the BNPL space apparently, led by giant leaps in Block and Zip. The top sectors were industrials followed by tech. There wasn't a discernible theme to the top ten stocks, aside from all boats floated on the global wave of St Patrick’s green. The laggards were peppered with recently-loved coal, gold and wheat. Graincorp slumped 2.8% and Gold Road was down 3.6%. The Aussie jobs report was the blockbuster we needed. Unemployment rates

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13:21

the COB: beware the equity hangover 🍺

The COB from ausbiz ·

2022/03/16

Yet another step down in commodity prices didn’t deter our local bourse, as it opened higher and maintained decent gains throughout the day. Every sector added to the upbeat trading session, a green bar phenomenon not seen for a while. After a few brutal days, tech companies were back on the shopping list today. Block led the pack to close up nearly 8% with WiseTech and Xero not far behind. Travel names embraced lower oil prices and New Zealand welcoming Wallabies supporters from April 12. It was a

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11:43

Talking the talk 💬

The COB from ausbiz ·

2022/03/15

Commodities took another step down overnight, so the local market opened lower and stayed in a very tight trading range all session. Diplomacy talks were interpreted as a signal to sell resources and safe havens, and allow the Fed to hike even more this year, sending bond yields higher and tech stocks lower. Where did the growth money go? Well, financials performed well after some positive broker reports. Energy, gold and tech made up the majority of laggards. Uniti Group jumped 17% on reports of

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10:07

Making hay while the sun shines 👨‍🌾

The COB from ausbiz ·

2022/03/14

Defying the dire weekend news from Ukraine, a sea of green greeted investors outside of the resources space.Financials opened higher and stayed there. CBA once again made its way above $100, while a 2.6% pop in CSL helped healthcare along. The ASX/200 top 10 were a disparate bunch, Pendal Group and Elders being strange bedfellows. However, Elders shot the lights out with its trading update, and earned its 11% rally. Uranium pump and dump saw Paladin plummet 7.5% and Nickel Mines still can't catch a

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11:54

Food fails to feed the fizzer 🥪

The COB from ausbiz ·

2022/03/11

A hawkish ECB, combined with soaring US inflation and failed diplomatic talks sent many investors straight to the exit today. The handful of stocks that closed in the green were skewed towards commodities, food and energy. Champion Iron and Allkem, both closed 4% higher. Meanwhile, food inflation provided a tailwind for Incitec Pivot fertiliser, so its share price creptback to levels last seen in late-2018. Growth stocks were left in the lurch, namely Zip, Appen and Xero. Magellan and Mesoblast both

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12:42

Markets tick despite oil slick 🛢️

The COB from ausbiz ·

2022/03/10

Chatter of expanding oil supply and diplomacy in the Russia-Ukraine conflict talks triggered a selloff in commodities across the board. Materials, gold and energy were the laggards in an otherwise buoyant local market. Tech climbed higher again, led by Block and Zip. The market embraced Sezzle’s job cuts, so it closed up nearly 9%. Uranium darling Paladin finished up 15% to take took out the top spot again. On the opposite end of the spectrum, Nickel Mines slumped 14%. So, another 1.1% rally in the

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