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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

9:25

the COB: take a hike

The COB from ausbiz ·

2022/01/12

Overnight markets shrugged off Chair Powell confirming that rate hikes were coming sooner rather than later, and following SPI futures the ASX added around 1% in early trade. However, conviction wasn’t high and momentum faded. A softer USD boosted commodities across the board and the miners had a solid session. While BHP and Rio added 1%, Fortescue went the other way as a broker questioned the market’s enthusiasm for FFI and downgraded FMG to a sell. Energy topped the ladder, the complex 3% higher,

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11:36

the COB: investors' chicken out

The COB from ausbiz ·

2022/01/11

Another soggy lead from the US spurred cautious local trading, although with the Nasdaq clawing back losses our tech sector experienced selective buy the dip action. Financials had an awful day - closing down over 1% - despite the fact that banks tend to benefit from rising interest rates. As Omicron nerves exacerbated scatty trading and constrained liquidity, the ASX200 closed down 57 points or 0.8%.Our top three VODs are:The battle between growth and value ignores the most important quality:

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8:43

the COB: quiet before the storm? ⛈️

The COB from ausbiz ·

2022/01/10

Our local bourse was down 0.4% by mid-morning and was a sea of red except for materials. While most losses were erased by the close after the sour Nasdaq lead, Aussie tech remained near the bottom of the ladder. Xero was pounded again, closing nearly 3% lower, while BNPL overall is still struggling in the face of higher bond yields, Afterpay -2.4%, again.Our top three VODs are:Investors beware; full employment, wages growth and inflation a potent cocktailBeijing's blue skies to create blue sky for

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9:02

Comeback kid 🧒

The COB from ausbiz ·

2022/01/07

Our local market obeyed SPI futures and opened strongly, with banks and property leading a 1.6% pop by midday. Broad-based gains were maintained throughout the day, despite tonight’s marquee data event - US non-farm payrolls. Corporate news dropped early, with Woolworths announcing that it was pulling out of the Australian Pharma bid and James Hardie dropping its CEO over persistent behavioural issues.API closed down over 12% while JHX closed down 4%.Oil prices have been rising all week, and the

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10:52

Battered and bruised 🤕

The COB from ausbiz ·

2022/01/06

Another Fed-led jump in bond yields overnight and this time the stock market fallout wasn’t just confined to tech. Our market opened weaker in line with SPI futures, and rather than an afternoon rally, investors sold - almost - everything by the close. Tech was smashed again, trading 2% lower by midday and supporters disappeared in the afternoon, leaving the sector 4% smaller.Corporate news was thin, although Latitude bidding for Humm’s BNPL space caught the market’s eye. Other winners were hard to

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10:58

Quick off the mark 🏁

The COB from ausbiz ·

2022/01/05

We walked into the Dow Jones setting new highs, but in contrast there was a spooked Nasdaq, the latter due to a decent two-day climb in US bond yields. Our tech sector was a key underperformer, closing down 1.8%. Healthcare also weighed on the broader index, at the bottom of the ladder and closing down 1.9%. Oil jumped overnight after OPEC+ ministers agreed to their existing plan - go figure - and the Aussie energy complex topped the ladder, adding 0.8%.Upbeat PMIs from China and chatter of

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13:21

ASX flexes strong gains 💪

The COB from ausbiz ·

2022/01/04

We're picking up where we left off - in amongst record highs. Today's performance for the ASX was the best for a first calendar day in decades. Every sector finished in the green with energy stocks (coal and crude) doing particularly well. Ironically, today's "golden girls" were lithium plays.Novonix (NVX) finished up more than 13 percent - a knock on effect after its commercial partner smashed its Q4 deliveries targets in spite of supply chain issues. Pilbara, Lynas and Allkem (the artist formerly

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6:52

ausbiz is over and out 👋

The COB from ausbiz ·

2021/12/23

Overnight markets surged again, SPI was up 32 points, and after a brief morning lull, local investors concluded that a Santa rally of sorts was overdue. Most commodities firmed overnight - with the notable exception of iron ore - with miners initially dominating the top 5 on the ASX200 ladder. Corporate news is still coming thick and fast: trading in Syrah Resources was paused after a 22% surge sparked by an announcement of a natural graphite offtake agreement with Tesla.At the other end, a 10%

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11:54

'Tis the season... for M&A 🤶

The COB from ausbiz ·

2021/12/22

Upbeat overnight markets concluded that Omicron was mild, and SPI futures pointed to a decent open, but local investors did not really catch the vibe. Oil was firm overnight, and the Energy complex responded in kind, and closed up 0.7%. Despite being 22 December, we’re not finished with M&A news: Link up 15% on a Canadian bid; Charter Hall buying a 50% stake in Paradice was big news but investors not happy with a near-8% dip. Lithium was on the nose yesterday, but BTD for investors saw Pilbara

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7:32

All aboard the gravy train 🚂

The COB from ausbiz ·

2021/12/21

A rebound in still-negative US markets sparked a cautiously positive tone in the local market. Then some idle cash was put to work over the afternoon, the market closing higher, and most sectors joined in. Today's leaders were a mixed bag: Sandfire popped on a broker declaring it a buy; Paladin in the ASX200 saw it close over 5% higher; Nanosonics continued its choppy vibe, closing up nearly 8%. At the other end, Pilbara Minerals smashed by 9% on a negative trading update. Afterpay may have closed

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9:25

Markets go frosty on Magellan ☃️

The COB from ausbiz ·

2021/12/20

Triple-witching options expiry in the US markets made for a poor handover today. Then in a short statement, Magellan told the market it was losing its biggest backer, sending the share price down 30% from the open.Magellan’s 30% slump dwarfed all other negatives. Financials more broadly had a poor session, closing down 1.2%, but the Energy complex was at the bottom of the ladder, down 3.2%. ASX200 leaders were thin on the ground, although BlueScope popped 4% higher on a broker upgrade to buy, and

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7:24

Regulate now, buy later 🛑

The COB from ausbiz ·

2021/12/17

Flat SPI futures were no help but the local market opened higher, with investors deciding that blue chips, energy and gold stocks were on the Christmas menu. The Nasdaq collapsed as US regulators eyed the BNPL space, and while the Aussie names opened lower, eventually all tech was on the nose, the sector closing down 1.4%. Afterpay and Z1P closed down over 7% and 6% respectively. At the other end of the spectrum, energy topped the ASX200 sector list, adding 1.3% as oil popped overnight, with all the

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12:58

The theory of thing 🦠

The COB from ausbiz ·

2021/12/16

The local market ignored the positive SPI lead and opened lower, and remained under pressure throughout the session.The Nasdaq surged on the as-expected FOMC news overnight, and after an afternoon lull our tech sector managed to close up nearly 1%. Corporate news was top shelf, with CSL completing its $6.3 billion equity raise, Qantas flagged a $1bn interim loss, and IGO confirmed to buy Western Areas, the latter closing up 5%.The top of the ASX200 tree was Mesoblast, up 12%, but is a yo-yo stock

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10:32

Spill in aisle 12 🍏

The COB from ausbiz ·

2021/12/14

The local bourse opened lower following the soggy lead from the US, but local investors weren’t as convinced of the negative Omicron news, and slowly bought over the afternoon to close all but unchanged. Some of the top performers were boosted by upbeat news out of the US - looking at you Polynovo and Nearmap - up nearly 16% and over 5% respectively. In corporate news, Afterpay shareholders voted in favour of the Block merger, CSL was in a trading halt ahead of a capital raise for the Vifor deal,

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10:20

Monday M&A mania 💸

The COB from ausbiz ·

2021/12/13

Following the blistering-but-as-expected US inflation report, risk-on dominated the local session after US markets probed fresh record highs.The Energy complex was an early leader thanks to last week’s strong oil price performance. The sector closed up 1.9% today, led by Santos and Ampol.Corporate news is thinning out, however, notable mentions go to CSL confirming talks with Vifor Pharma, BHP and Wyloo unable to reach agreement on the Noront acquisition, and Ramsay acquiring Elysium Healthcare for

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9:56

Flat Friday fizzer 😐

The COB from ausbiz ·

2021/12/10

It was a low conviction day within a data and event vacuum ahead of tonight’s key US inflation report. Analysts are looking for core inflation to reach 5% - its highest since 1982. The top of the leaderboard was a mixed bag, Redbubble (RBL) shares spiked, though on no apparent news, Iluka Resources (ILU) and PointsBet (PBH) the next best.Elizabeth Gaines stepping down as Fortescue’s (FMG) CEO was a headline grabber. After the earlier two-day rally, Z1P and Afterpay closed another day in the red

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10:25

Stacks of stocks 🥞

The COB from ausbiz ·

2021/12/09

It’s always disappointing when the market trades like a Friday and yet there is still one more day to go.The lacklustre lead overnight sparked less-than-stellar early trading, while some mid-afternoon buying enthusiasm was wiped out by the close. After consecutive blockbuster days, it was inevitable that the tech sector took a breather, closing down 1%. It was at the bottom of the leaderboard but the energy sector ended up taking the title, by a hair. Top performing ASX200 stocks were hard to come

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9:36

The market hits a six 🏏

The COB from ausbiz ·

2021/12/08

Better news on the Omicron front boosted risk appetite, and the local market ran with it in spades. Tech had another blockbuster day, closing up 2.2% at the top of the leaderboard.Zip Co closed 11% higher. Materials surged, led by the usual iron ore trio of BHP, Rio and Fortescue, the sector closing up 2%. Financials were initially left behind, but even they caught up with the sector closing up 0.9%. At stumps, the local market closed around 92 points higher, or 1.3%. Our top three VODs:The winners

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11:33

Magellan lost in a sea of green 🌎

The COB from ausbiz ·

2021/12/07

As Omicron fears faded overnight - and combined with a dash of China policy stimulus - it was a green light to buyback yesterday’s battered tech/BNPL sector, as well as buy back into the usual re-opening stock suspects. Fading virus fears also boosted oil, pushing the energy complex over 2% by the close, led by a 3% pop in Oil Search which is destined to become part of Santos after proxies voted in favour of the merger. At the other end of the spectrum, poor performance, fund outflows and a surprise

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10:30

Collapse, crash & Pain

The COB from ausbiz ·

2021/12/06

It was a wild weekend for market moves - and Bitcoin - but it was a relatively low conviction day outside of tech where it was an eventful session. Tech shares and BNPL were smashed. The tech sector shed nearly 1%, led by Zip Co which closed nearly 10% lower and Sezzle dropped 13%. The energy sector added another 0.5% as oil futures edged higher while Aussie goldies benefited from the risk-off tone. Metcash closed over 7% higher on an upbeat half-year report. All in all, the local market closed

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