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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

12:05

A wrecking ball through resource stocks 🚧

The COB from ausbiz ·

2022/07/06

A bifurcated session for the localmarket, characterised by a bloodbath in the sectors that outperformed earlier this year. Miners and energy producers were taken to the woodshed and chopped up, succumbing to recession fears that have roiled so many other cyclical assets recently. The declines were brutal with South32, Sandfire Resources, Coronado Global Resources Champion Iron and St Barbara tumbling more than 8%. Even the biggest and best didn’t escape the carnage with Rio Tinto shedding 7.4%, BHP

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10:43

Watching paint dry 🎨

The COB from ausbiz ·

2022/07/05

Two-for-two to start the week although volumes were once again poor.Despite delivering another 50 basis point hike, the RBA’s assertion that rates are no longer low boosted sentiment at the margin. But let’s not kid ourselves. Reporting season is just around the corner and half the country seems to be on holidays, so things are little slower than usual. The lack of liquidity could explain the continued renaissance seen across last year’s laggards with Brainchip, Life360, WiseTech, ZIP and City Chic

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11:54

Eleven sector heaven 😇

The COB from ausbiz ·

2022/07/04

Banks and miners helped the local market snap a three day losing streak, even as investors eye a likely 50 basis point rate hike from the RBA tomorrow. The S&P/ASX200 closed the session off its highs, but put on a respectable 1.1% to 6,613.All 11 sectors ended higher with energy the best performer +2.6%, and materials +0.5% despite Dailan iron ore futures extending losses to a third session. It was a fairly quiet day for corporate news, though Link Administration rejected Dye & Durham's

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10:54

Happy new (financial) year 🥳

The COB from ausbiz ·

2022/07/01

Local stocks limped into the weekend, delivering a lacklustre start to the new financial year. The Aussie dollar fared worse, tumbling to two-year lows. Large caps held the broader market back with materials and energy sliding 1.6% and 3.1% respectively. Industrials, utilities and REITs led the way, posting gains of more than 1.6%. All other sectors rose between 0.2% and 0.9%. Brambles rose 2.9% after ditching plans to pursue plastic pallets. Shipbuilder Austal jumped 25.4% after winning a monster

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15:47

Falling at the finish line 🏃

The COB from ausbiz ·

2022/06/30

It was a soggy end to what’s been a soggy month, quarter, half and year. Rather than farewell, good riddance seems a more appropriate way to send off the financial year. Fittingly, losses were widespread. Be they small or large, cyclical or growth, everything was given the treatment. Utilities, energy, materials and financials led the losses, though over the first half energy stocks rose more than 30%.The S&P/ASX 200 finished at its lows, tumbling 132 points, or 1.97%, to close 6568. For June,

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12:30

Ya win some, ya lose some 🏆

The COB from ausbiz ·

2022/06/29

Bear market bounce? Winning streak? Whatever it was, it’s over with the benchmark index putting in a soggy hump day performance, mirroring that of the broader region. Most sectors finished in the red. There was some offset with financials, energy and staples adding between 0.1% to 0.3%. While there was no rhyme or reason to explain the sectorial performance, there was a clear tilt towards quality with the S&P/ASX 20 easing 0.4% while the S&P Small Ordinaries tumbled 2.7%. The larger they

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8:33

Playing chicken with the bears 🐔

The COB from ausbiz ·

2022/06/28

Make that four on the trot. But keep the champagne on ice. Unusual price action often occurs ahead of financial year end. Two days to go. Having been marked down heavily in recent weeks, materials and energy returned to do the heavy lifting, rising 3% and 3.6% respectively. The utility sector also had a good day, chiming in with a gain of 3.2%. Despite a lift in bond yields, REITs added 1%. To the downside, consumer discretionary was the laggard, sliding 1.3%. The big banks were weaker, dragging the

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11:38

Three in a row ☘️

The COB from ausbiz ·

2022/06/27

The local market picked up where it left off last week, logging its largest gain since January. That’s three positive days on the trot for those counting at home. Gains were evenly distributed, led by financials, energy, consumer discretionary and information technology which climbed by more than 2% apiece.Every sector finished higher. There was also no discernible difference between the performance of small and large caps. Put simply, apart from the gold sector, almost everything rallied in unison

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10:19

A pleasant surprise 🎉

The COB from ausbiz ·

2022/06/24

After a momentary lapse last week, Friday was once again buy-day for local investors. Back-to-back gains for the benchmark – we haven’t been seen that since May. While the index gains weren’t electric, they were for lithium plays with corporate activity, short-covering and bargain hunting helping to spur mammoth gains. Unsurprisingly, the energy sector was the session laggard, sliding 1.5%. Despite the heroics from the lithium names, materials eased 0.15%, weighed down by the iron ore majors

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11:32

Tip toe, go slow 🦶

The COB from ausbiz ·

2022/06/23

A quiet, cautious session that ended with modest gains. But after the carnage we’ve seen recently, we’ll bank it. Most sectors finished higher, led by REITS, healthcare, staples and tech which added more than 1.5%. A big rally in bonds, seeing 10-year Aussie yields slice through 4% like a hot knife through butter, contributed to strength in long duration names. Lake Resources tumbled another 16.7%, seeing it halve in value since being admitted to Australia’s benchmark share index last week. The

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12:58

Downside disappointment 👎

The COB from ausbiz ·

2022/06/22

A session that started with so promise ended yet again in disappointment. While Aussie equities may not be in a bear market, it certainly feels like one. Unlike previous days when there was a clear thematic evident, there was no real rhyme or reason when it came to sector performance. Industrials, materials, REITS, financials, consumer discretionary and tech finished lower, the largest losses seen in the latter two with falls of more than 1.4%. The S&P/ASX 200 eased 0.23%, falling 18.5 points to

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14:00

Teasing a turnaround 🔄

The COB from ausbiz ·

2022/06/21

Call it Turnaround Tuesday! After a horror week last week and 7-successive days of declines, the ASX bounced today, recording a 1.4% gain. A bounce in cyclicals drove the gains. After taking a bath yesterday, materials and energy stocks gained 1.6% and 2.8%, respectively. Financials also added 2.6% and consumer stocks pushed higher.As far as top performers go, PointsBet jumped 7.8%, adding to Monday’s rally following news of a share placement scheme by SIG Sports Investment Corp. Uranium play

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12:46

Another false start 🚩

The COB from ausbiz ·

2022/06/20

An early rally fizzled as quickly as it began, undermined by steep falls in commodity prices that heaped pressure on the miners. The materials sector was slammed, tumbling 4.6% with the likes of BHP, Rio Tinto and Fortescue siding between 4.9% to 8.3%. Energy was hit even harder, sliding 5.2% on the back of recession fears. Utilities and staples also dragged, finishing with losses of 1.9% and 0.7% respectively. Helping to limit the damage, longer duration names generally fared well. The REITs sector

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12:44

Snap, crackle, flop 👎

The COB from ausbiz ·

2022/06/17

Snap, crackle and pop. A brutal end to a brutal week. The era of ASX outperformance seems to be well and truly over for now. Except for goldies and staples, it was another sea of red, led by materials, tech, energy, consumer discretionary and financials which fell between 1.4% and 2.8%. Industrials, utilities and REITs were the relative standouts, if you can call it that, managing to limit falls to under 0.8%. It was that kind of day. Staples managed to eke out a modest gain, helped in part by a big

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11:27

Cockroaches in the kitchen 🔎

The COB from ausbiz ·

2022/06/16

Another disappointing performance, albeit unsurprising. It was a repeat of May with initial optimism following a supersized Fed rate hike evaporating rapidly. The investment environment has changed. Gone is buying the dips, replaced by selling the rips. There were plenty willing to partake today. At the individual level, Link tumbled 10.6% on renewed concerns surrounding its sale. At the other end of the spectrum, Eagers Automotive shares purred, gaining 5.1% after announcing a share buyback. The

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14:13

Waiting, watching, selling 👀

The COB from ausbiz ·

2022/06/15

With Australia’s 10-year bond yield soaring above 4%, rate sensitive sectors such as tech, REITs and healthcare were hammered, falling more than 1.5% apiece. Retailers were pressured with consumer discretionary sliding 1.9%, coinciding with the release of two dire consumer confidence readings earlier in the session. Financials, materials and energy fell 0.8%, 1% and 2.4% respectively, the latter two finding no respite from the selling pressure despite the release slightly better-than-expected

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13:46

That hurt 🤕

The COB from ausbiz ·

2022/06/14

There’s not much left to say other than it was ugly. The largest percentage decline since May 2020, leaving the Australia’s blue chip index at the lowest level since January 2021. We’re now down 12.3% from the highs struck earlier this year. On a day when Australian benchmark 10-year bond yields jumped above 4% on speculation of faster and larger rate hikes, long duration sectors understandably struggled. Tech fell 4.5%, healthcare 2.6% while REITs fell 3.3%. Winners were few and far between. Only

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13:21

Weakest week in two years 😲

The COB from ausbiz ·

2022/06/10

It was a very downbeat end to the worst week for Aussie equities in more than two years. A wide sweeping selloff saw the local index drop 1.25% to 6932 - finishing down 4.2%. The sectors unanimously closed in the red, with REITs, gold stocks and consumer discretionary leading the losses. Financials saw the most doom and gloom over the week as the big banks dragged the sector 9% lower.Winners were few and far between today, but Xero was the hero after gaining 4%. Healius, James Hardie and Pinnacle

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10:57

Catch a chart, not a knife 🔪

The COB from ausbiz ·

2022/06/09

Banks were smashed for a third day, sending the financial sector tumbling to lows last seen in March 2021. Westpac fell 3.5% while Bendigo and Adelaide Bank skidded 3.2%. The losses in the other retail banks ranged from 1.9% to 2.1%. However, unlike Wednesday, there was no sign of rotation into other sectors with only energy finishing higher. Materials slid 2.2%, coinciding with reports of new restrictions being introduced to control covid outbreaks in Beijing. Elsewhere, REITs tumbled 1.6%,

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12:31

Rapid, rate-driven rotation 🥴

The COB from ausbiz ·

2022/06/08

It was a day characterised by M&A, C-Suite moves, profit warnings and an almighty rotation away from the banks. Financials were hammered, slumping 2.85%. Bendigo fell 6.9%, narrowly beating Westpac (-5.7%) as the biggest laggard for the session. Losses in other lenders ranged from 2% to 4.4%. Brutal. What happened to rate hikes boosting margins? Seems the only thing investors wanted to focus on was slower lending and recession risks. With investors fleeing banks, the cash had to go somewhere

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