CommSec
Morning Report  4 Mar 21: ASX to open lower as rising rates unseat Wall St

Morning Report 4 Mar 21: ASX to open lower as rising rates unseat Wall St

March 4, 2021

US sharemarkets were choppy on Wednesday. Technology stocks fell most in response to a rise in bond yields; US 2-year yields rose 2 points to near 0.14%. And US 10-year yields rose by 5 points to near 1.47%. Shares in Amazon and Alphabet (Google) were down by around 3%. But energy, financials and industrial stocks generally rose. Shares in Exxon Mobil rose more than 2% after it unveiled plans to grow dividends and curb spending. With an hour left of trade, the Dow Jones index was up by around 71 points or 0.2%. The S&P 500 index was down around 0.6% with the Nasdaq index lower by 270 points or 2.0%.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Market Close 3 Mar 21: Market recoups Tuesday’s losses

Market Close 3 Mar 21: Market recoups Tuesday’s losses

March 3, 2021

The Australian sharemarket rose by 0.8%, pushing higher following strong GDP data and easily recouping Tuesday’s declines.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Executive Series 25 Feb 21: Origin Energy Ltd (ORG) CEO, Frank Calabria

Executive Series 25 Feb 21: Origin Energy Ltd (ORG) CEO, Frank Calabria

March 3, 2021

CEO, Frank Calabria speaks with Tom Piotrowski about the company’s HY21 results, outlook for energy markets in post COVID recovery and how the company is positioned in the transitioning energy landscape.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Mid-Session 3 Mar 2021: Aussie market gains on stronger GDP

Mid-Session 3 Mar 2021: Aussie market gains on stronger GDP

March 3, 2021

The Australian sharemarket’s choppy start to the week and month continues, with the ASX 200 up 0.6% thanks mainly to gains from mining companies and banks. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Morning Report 3 Mar 21: US sharemarkets fell on Tuesday

Morning Report 3 Mar 21: US sharemarkets fell on Tuesday

March 3, 2021

Shares of Target slumped 6.8% on an underwhelming profit outlook. Tech giants Apple (-2.1%), Facebook (-2.2%), Microsoft (-1.3%) and Tesla (-4.5%) dragged down the Nasdaq index. But shares of Rocket Companies soared 71.2% after a news report that the stock could be a Reddit target for its high short-interest. Retailer Kohl's shares rose 0.6% after it posted holiday quarter results above analyst expectations. Shares of TV ratings provider Nielsen jumped 7.6% after it sold its advanced video advertising business to Roku. The Dow Jones index closed down by 144 points or 0.5%. And the S&P 500 index fell by 0.8% with the Nasdaq index 230 points or 1.7% lower.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Market Close 2 Mar 21: ASX fades to red on energy & mining losses

Market Close 2 Mar 21: ASX fades to red on energy & mining losses

March 2, 2021

The Aussie market has given back its early improvements with the ASX 200 falling 27 points or 0.4% having been as much as 1% higher near the open. Resources were the main decliners while financials & consumer staples advanced.

 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

 

 

Mid-Session 2 Mar 21: ASX extends gains ahead of RBA meeting

Mid-Session 2 Mar 21: ASX extends gains ahead of RBA meeting

March 2, 2021

The Aussie market is adding to Monday’s big gains, although gains are fading from opening highs. Financials, IT & materials are lifting most while energy & property weigh.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Morning Report 2 Mar 21: US sharemarkets rose sharply on Monday

Morning Report 2 Mar 21: US sharemarkets rose sharply on Monday

March 2, 2021

Bond yields stabilised. The US House of Representatives passed a US$1.9 trillion coronavirus relief package on Saturday. Johnson & Johnson (+0.5%) said its authorised Covid-19 vaccine will be available in 1-2 days. Apple (+5.4%), Facebook (+2.8%) and Microsoft (+2.0%) shares rebounded. Zoom Video shares jumped 9.7% ahead of its quarterly results. Boeing shares gained 5.8% as United Airlines ordered 25 new 737 MAX aircraft. GameStop shares soared 18.3%. Perrigo's shares climbed 4.7% after it said it will sell its generic drugs business for US$1.6 billion. The Dow Jones index closed up by 603 points or 2.0% after being 735 points higher in the session. The S&P 500 index rose by 2.4% -its best day since June 5, 2020. And the Nasdaq index lifted by 396 points or 3.0%. 

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Market Close 1 Mar 2021: ASX starts new week &  month with solid rebound

Market Close 1 Mar 2021: ASX starts new week &  month with solid rebound

March 1, 2021

The ASX 200 has enjoyed its best daily performance since November 9 last year with the benchmark index climbing 116 points or 1.74% to 6,789. All sectors advanced with IT, health & communications improving most.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

Month in Review: February

Month in Review: February

March 1, 2021

CommSec Market Analyst, James Tao looks over how the market performed this month, the best & worst performing companies and discusses some of the headlines which received the most attention.

This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

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