Economic Updates

Economic Updates

Woolworths’ latest green light from Goldman Sachs explained

Woolworths Group Limited is an Australian trans-Tasman retailer headquartered in Bella Vista, Sydney, with extensive operations throughout Australia and New Zealand. It is the largest company in Australia by revenue and the second-largest in New Zealand. Goldman Sachs has labelled Woolworths as a buy in their latest broker note release. Woolwort...

March 31, 2022
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JB Hi-Fi may have just successfully weathered the pandemic

JB Hi-Fi is an Australian/New Zealand consumer electronics, Home Appliances and Technology retailer. The company operates 316 stores across Australia and New Zealand. JB Hi-Fi appears to be still going strong despite the general retail disruptions brought on by COVID-19. Based on the uncertain nature of the pandemic, they are having issues with ...

March 31, 2022
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Telstra, TLS Dividend and Price Action

Telstra Corporation Limited is an Australian telecommunications company which builds and operates telecommunications networks and markets voice, mobile, internet access, pay television and other products and services. It is a member of the S&P/ASX 20 and Australia's largest telecommunications company by market share. Key points Tels...

March 30, 2022
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Dividends and who’s paying them in April?

A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a proportion of the profit as a dividend to shareholders. How do stock dividends work? A dividend is paid per share of stock — if you own 30 shares in a company and that company pays $2 in annual cas...

March 29, 2022
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Xpeng tops estimates in Q4

Xpeng Inc. reported its Q4 2021 financial results before the market open in the US on Monday. The Chinese electric vehicle company topped Wall Street expectations, beating both revenue and earnings per share estimates. World’s 21st largest automaker reported total revenue of $1.764 billion in the quarter (200.1% increase year-over-year) vs. $1...

March 29, 2022
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What Premier Investments’ latest results tells us about Retail sector post pandemic

Premier Investments is a company that was established as an investment vehicle to maximise growth in capital returns to shareholders through the acquisition of controlling or strategic shareholdings in premier Australian companies, with a particular focus on retailing, importing and distributing. Premier Investments’ Half-Year Results Premi...

March 25, 2022
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NIO Q4 2021 results have arrived

NIO Inc. reported its fourth quarter 2021 financial results after the market close on Wall Street on Thursday. The Chinese electric vehicle maker reported revenue of $1.558 billion (49.1% increase year-over-year) that was above analyst forecast of $1.537 billion. NIO reported higher than expected loss per share in the fourth quarter of -$0.17...

March 25, 2022
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A quick surveillance on the Australian drone sector

Drones are slowly becoming mainstream in our airspace. Along with unmanned aviation vehicles (UAV), these high flying devices can commonly be reported as a potential UFO. There has been quite a lot of hype over potential growth of the drone market. The potential value of the global drone industry has been estimated to double within the next five...

March 24, 2022
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An update on Jerome Powell’s (Federal Reserve) latest speech

The US Federal Reserve (Fed) has recently doubled down on their hawkish views, after Jerome Powell’s latest speech. There are preparations to substantially increase the interest rate in May. The speech has subsequently put pressure on the Australian Reserve Bank (RBA) to raise the interest rate at a faster pace. Mr Powell said “the US centra...

March 23, 2022
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Adobe’s latest numbers are in

Adobe Inc. reported its financial results for fiscal first quarter 2022 after the closing bell on Wall Street on Tuesday. The American software company reported revenue of $4.262 billion in the quarter (9% increase year-over-year), slightly beating analyst forecast of $4.241 billion. Earnings per share reported at $3.37 per share in the Q1 vs...

March 23, 2022
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Pfizer’s Performance and the 4th Booster Plan

Pfizer Inc. is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German immigrants, Charles Pfizer and his cousin Charles F. Erhart. They have been uniquely positioned to be a leading company in the fight against ...

March 23, 2022
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Just Do It – Nike latest results announced

Nike Inc. (NKE) reported fiscal 2022 financial results for its third quarter ended February 28, 2022. The US sporting goods giant reported revenue of $10.871 billion (up by 5% year-over-year), beating analyst estimates of $10.598 billion. Earnings per share also beat Wall Street expectations at $0.87 per share vs. $0.71 per share expected. ...

March 22, 2022
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ASX’s market volatility stabilised with record setting dividends

Investors in Australian-list companies will receive a wave of cash into their bank accounts over the following months. This will provide some much needed stability for the Australian Stock Exchange as investors celebrate the richest recorded interim reporting session in corporate history. February’s earnings season had a record $36.3 billion i...

March 21, 2022
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Is the US Dollar at risk?

The US Dollar is as synonymous to us in life as the morning and night is. It has dominated as a reserve currency for decades. It’s paved the way for the United States to become the superpower that it is today, and be able to wield influence around the world, as it sees to work with other nations by investing or ramp up trade to keep the statu...

March 21, 2022
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IGO’s big buyout delayed by nickel’s current volatile prices

IGO is a Nickel, Gold and Copper-Zinc silver mining, development and exploration company. They are based in Western Australia and control an array of mining companies. The London Metals Exchange (LME) halted nickel trading on March 8th after an unprecedented price spike. This has forced IGO to delay their $1.09 billion buyout of Western Areas. T...

March 21, 2022
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