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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

55:42

Winding up a whiplash week 😵

The COB from ausbiz ·

2021/12/03

In a mirror image of recent days, the market opened at the highs then erased all gains by early afternoon. Then in a familiar pattern this week, the afternoon session unearthed the buyers. The energy sector added over 2% after crickets from OPEC+ sparked a higher oil price. Materials added nearly 1% thanks to BHP and Rio defying a dip in iron ore futures. Blue-chip banks also made the grade, financials up 0.8%. Markets didn’t like CSL denying acquisition rumours, down over 2%, while a decent sell

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13:20

They bought the dip 🎢

The COB from ausbiz ·

2021/12/02

In a repeat of yesterday, soggy morning trade gave way to a brighter afternoon after the market reachedthe low point at midday.The tech sector closed down 1% in the wake of a poor Nasdaq lead, sending Afterpay, Xero and Zip behind the woodshed for the day. Industrials had a solid session, up 0.8%. Blue-chip banks also made the grade, Commonwealth Bankup 2.2%.Worley closed over 6% higher on not one - but two broker upgrades to 'buy.' Investors are listening. The local marketwas down over 53 points at

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11:23

All cashed up and ready to spend 🎅

The COB from ausbiz ·

2021/12/01

A soggy start saw the market reach the low at midday, however, plenty of guests expect volatility to bring opportunities to add to high conviction companies, and the broader market was listening. The standout sector was materials, closing over 1% higher. Financials were down 1% at midday. Pro Medicus closed down nearly 8% on no discernible news, leading the ASX200 losses, although it comes after a stellar run. Q3 GDP was less-weak and house prices were less-strong, so moving on.Our top three VODs:

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12:06

Headline headache ends the day 🤕

The COB from ausbiz ·

2021/11/30

Outright panic morphed into a cautiously positive tone, then in the dying seconds of trading, a Financial Times report questioning the efficacy of vaccines against Omicron saw Asian stocks plummet. Top performer Collins Foods still surged by nearly 13% to a record high, thanks to finger-licking dividends and investors hungry for growth. Software company Nuix was thumped after more warnings of revenue shortfalls and mounting legal bills, closing down 12%.Tech topped the sector table, adding 1.9%, and

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14:23

Are we past peak Omicron pessimism?

The COB from ausbiz ·

2021/11/29

It was a nasty open, with Omicron nerves thumping stocks across the board. Then the markets digested early analysis that the virus may be highly transmissible but not necessarily deadly. Peak pessimism was 30 minutes into the session. Travel stocks initially bore the brunt, Qantas was down another 6.2% at the worst. Markets shrugged off GDP inputs; more are released tomorrow. At one stage the ASX200 was down 1%, but in the end lost 40 points, or -0.5%.Our top three VODs:Three stocks to make money

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13:08

A veritable sea of red

The COB from ausbiz ·

2021/11/26

With no lead from the feasting Americans it was always going to be another lacklustre session, but risk-off near-panic won out on the day. Initially, the headline act was the shellacking of Appen after a broker downgrade, closing over 18% lower. The vortex also sucking in Kogan, down another 5.3%.Then the stories started to pour in about a new covid19 variant - B.1.1.529 - initially spooking travel stocks but then smashing the entire market. Flight Centre and Qantas closing down 6.6% and 4.9%

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9:50

EML shoots, EML scores

The COB from ausbiz ·

2021/11/25

As US market participants dream about turkey-laden dining tables instead of sitting at trading desks, today’s lacklustre session is highly likely to be repeated tomorrow. Only standout company news delivered a share price response greater than meh. EML Payments closing up over 31 per cent thanks to the green light for the Irish arm to conduct business, while Fisher and Paykel managed a 4.5 per cent gain on welcome dividend news. At the other end, AMP plunging by 5.4 per cent, continuing its

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13:13

White goods no good? Harvey Norman plummets

The COB from ausbiz ·

2021/11/24

The market improved through this Wednesday session, as the miners, energy names and the big banks lifted their games. But it just wasn't enough; after being up as much as 0.2%, ASX200 finished down 0.15% at 7399. Technology One was the biggest loser down 8.6% after downgrades from UBS and Macquarie after yesterday's result. Pinnacle suffered as it came back online following a capital raise, ending down +5%. The biggest gainer was Polonovo +3.5% on no news. Let's see what the NASDAQ does tonight with

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7:43

Is '₿itcoin City' on the ₿ucket list?

The COB from ausbiz ·

2021/11/23

Seasoned market-watchers have no trouble reconciling why a Fed Chair (re)nomination would trigger a collapse in tech stocks. The less-dovish Powell nomination pushed bond yields higher, and so growth stocks wilted under the pressure. Shares in Afterpay were down over 7% at one stage, but closed down 5.6%. WiseTech Global fell 6%,while EML Payments and NextDC both closed around 5% lower. A sharp jump in iron ore boosted the majors, with FMG topping the ASX200 charts by adding over 10% on the day

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8:23

COVID crashes travel stocks🛬

The COB from ausbiz ·

2021/11/22

Resurgent COVID 'winter wave' fears thumped travel stocks, with Qantas and Flight Centre slumping to two-month lows. Aussie energy producers - Santos, Woodside, Oil Search and Beach Energy - had a rough start to the week as well. The energy complex closing down -1.6%. Elsewhere, banks are still struggling as investors re-assess the outlook in the wake of less than stellar updates from Westpac and Commonwealth Bank, with financials closing down -1.4%. Two bright spots were lithium and iron ore, the

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12:15

Will Crown fold'em or hold'em

The COB from ausbiz ·

2021/11/19

The Australian share market finished 0.7% down on the week, despite some shoots of green on the day, with the ASX 200 finishing up 0.17%. Today was all about Crown Resorts as the casino giant received a fresh takeover offer from US private equity group Blackstone, sending the company's share price soaring more than 16%.In response, rival casino operator Star Entertainment fell more than 1.5%. All eyes remains on inflation, as the tone from the US Fed grows ever hawkish with Americans to pay more for

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11:16

Evolution rapidly evolving

The COB from ausbiz ·

2021/11/18

It was a bit of a bumpy ride for the local bourse today, finally ending up 0.1%. The REITS and consumer staple sectors lent strength, with energy and financials the laggards.The Commonwealth Bank share price lost another 1.3% with some investors warning against investing in the big banks. Mesoblast was the worst performer down 3.6%, but that didn't stop its CEO from joining us. Evolution was the best performer up 10% after buying the Ernest Henry Mining from Glencore for $730M. It appears all that

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11:43

CBA's "considerable" carnage

The COB from ausbiz ·

2021/11/17

Commonwealth Bank took a massive chunk out of the market this Wednesday, wiping off close to 52 index points, as it finished down xxx% below the $100 mark at $xxxx. It seems "considerably lower" net interest margins sent a sizeable number of investors elsewhere. The mortgage business is tough.The local bourse slid through much of the day finishing down XX at XX with the materials sector also proving a weight. Nufarm was the worst performer, down xxx despite posting FY21 revenue of $3.2B up 10%. On

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11:36

The risk, reward and the pump

The COB from ausbiz ·

2021/11/16

Things went from bad to worse today, with the local market finishing the Tuesday session -0.67% at 7420. Let's start with the sin bin, Mesoblast gave up much of yesterday's gains closing down +8.2% by the end of the session. But it was the materials sector that proved the biggest weight overall, down 1.7% with Iluka the biggest loser after presenting at a mineral sands conference.Here's Shaw and Partners Martin Crabb with a view on why this market may limp to the end of the year. On the bright side,

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9:34

Paycheck to paycheck - the American Dream?

The COB from ausbiz ·

2021/11/15

The local market put in a solid performance to start the week, ending the session +0.36%. The gains were broad based, but special mention goes to Mesoblast which rocketed higher as it was one of the headline acts at the American Heart Association conference; shares ended the day +11.8%. Special mention goes to Incitec Pivot which at one stage jumped 17.6% after its full year result beat expectations. IPL ended the day up a more modest 3.85%. Uniti Group lagged on no news, in fact, 67 companies

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10:05

War of the miners: Gold vs Bitcoin

The COB from ausbiz ·

2021/11/12

The market finished the day up 0.83%, snapping a four day losing streak and nearly erasing the week to date losses in the process.First prize by sector goes to the materials space with gold stocks like GOR and PRU doing very nicely. IGO in the nickel space also contributed to the gains. In contrast, traders took their profits in NEA and ANN (the latter also because of a downgrade from Jefferies).As of writing, regional markets are also doing nicely with Japan and South Korea doing the best.Now that

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10:27

Fourth day's a loser

The COB from ausbiz ·

2021/11/11

The local market extended its losing streak ending the day down 0.57%; not great but it would have been much worse without the miners. Fortescue ended the day 8% higher, it seems green (hydrogen) is its colour. That being said, the commodities complex in general improved on improved sentiment around China's property market. In fact, the top five performers by market cap and percentage points were in metals and mining, with gold also a standout.Xero was the worst performer by percentage change, down

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11:46

Mineral & mining stocks anything but in the ground

The COB from ausbiz ·

2021/11/10

The S&P/ASX200 closed lower on Wednesday, dropping 15 points or 0.2% to 7,419, the local indexsliding to a five-day low after lunch, tracing iron ore futures and the broader commodities sector. Bluescope Steel (BSL) fell back 6.2% and Orocobre (ORE) stepped back 4.6%. Back in the good books, the National Australia Bank (NAB) up 4.2% after some of our favourite brokers tweaked NAB's target price ever so gently on the back of Tuesday's full-year. Hosted on Acast. See acast.com/privacy for more

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12:24

NAB's statement has been declined

The COB from ausbiz ·

2021/11/09

The S&P/ASX200 closed lower Tuesday, dropping 18 points or 0.2% to 7,434. Investors rotated out of the banking sector and piled into some of those new metal plays. The National Australia Bank (NAB) and Newcrest Mining (NCM) fell despite putting out some decent news. Worst of the worst was an ex-dividend CSR Ltd (CSR), down 4.6%. Chalice Mining (CHN) closed some 27% higher, taking the diversified digger's market cap beyond $3 billion, after sharing some positive maiden resource numbers out of its

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11:33

It's just another manic M&A Monday

The COB from ausbiz ·

2021/11/08

The S&P/ASX200 closed down just five points Monday to 7,452, the index slipping on another M&A Monday as US futures weakened following a week of strong gains on Wall Street.Tech stocks weighed, as did the healthcare names, driven lower by Polynovo (PNV) and Clinuvel Pharmaceuticals (CUV), down 9.4% and 9.3% respectively.On the other side of the coin were the diggers and the travel stocks.Flight Centre (FLT) and Webjet (WEB) up 5.6% and 4.5%, St Barbara (SBM) and Deterra Royalties (DRR) ahead

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