CommSec

Morning Report 13 Feb 23: ASX set for a flat start

US sharemarkets were mixed on Friday. Growth-focussed sectors eased in response to higher bond yields. And shares in ride-hailing firm Lyft fell 36.4% as it cut prices to boost customer demand. At the close of trade, the Dow Jones index was up by 169 points or 0.5%. The S&P 500 index rose 0.2% but the Nasdaq index slid by 71 points or 0.6%.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.

Market Close 10 Feb 23: ASX 200’s 5-week winning streak ends

The Australian sharemarket’s 5-week winning streak has come to an end, with the ASX 200 slipping by 0.76% on Friday. New Hope (NHC), REA Group (REA), News Corp (NWS) and Domain (DHG) were among the biggest decliners.

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

The CommSec Market Update 10 Feb 23: Google parent Alphabet weighs on Wall Street. German inflation eases

US sharemarkets fell on Thursday. Google parent Alphabet extended a two-day sell-off, down 5.2%, as concerns surfaced about the competency of its ChatGPT rival Bard. Shares of Microsoft fell 0.5% with Amazon.com shares down 1.7%. But shares of Walt Disney rose 0.2% after the company posted smaller-than-expected subscriber losses. PepsiCo shares gained 0.7% after reporting better-than-expected results. Luxury brand Tapestry jumped 4.2% on a strong annual profit forecast. With around an hour left of trade, the Dow Jones index was down by 204 points or 0.6% after being up more than 300 points earlier in the session. The S&P 500 index lost 0.6% and the Nasdaq index slid 91 points or 0.8%.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Market Close 9 Feb 23: ASX 200 slips for 3rd time in 4 days

The Australian sharemarket fell by 0.5%, easing for a fourth time in five days and keeping the market on track to end its 5-week winning streak.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.

 

We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Executive Series 25 Jan 23: PM Capital Co-Portfolio Manager – Equities, Kevin Bertoli Part 2

In part 2 of this series, Tom Piotrowski continues his conversation with PM Capital’s Global Opportunities fund Co-Portfolio Manager, Kevin Bertoli. The pair pivot from China to discuss the trepidation around the European economy. Kevin touches on the importance of valuation and the growth outlook in the European market, in particular European Banks, Siemens and Heineken.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

CommSec Insights 9 Feb 23: The Week Ahead

Get ready for another big trading week as Chief Economist Craig James and Market Analyst Steve Daghlian discuss the reporting season, preview a key update on Aussie jobs and explain how US inflation numbers could impact stocks.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Morning Report 9 Feb 22: Wall St retreats led by technology

US sharemarkets were lower in late trade on Wednesday, with technology shares leading the way lower. Shares of Lumen Technologies shed 21.3% after it reported a fourth quarter loss. Chipotle Mexican Grill shares slid 4.8% after its latest results disappointed. Alphabet shares were down 7.4% after its new AI chatbot Bard delivered an incorrect answer in an online advertisement. Apple (-1.6%) and Amazon.com (-1.7%) shares also fell. CVS Health shares lifted 4.4% after its US$9.5 billion cash buyout offer for Oak Street Health (+5.1%). Uber gained 5% following better-than-expected earnings. With less than an hour left of trade, the Dow Jones index was down by 180 points or 0.5%. The S&P 500 index lost 1% and the Nasdaq index slid 186 points or 1.5%. 

 

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Market Close 8 Feb 23: ASX 200’s first gain of the week

The Australian sharemarket rose by 0.35% on Wednesday, lifting for the first time this week as banks, miners, insurers and building materials companies helped keep the ASX 200 positive.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Executive Series 25 Jan 23: PM Capital Co-Portfolio Manager, Equities, Kevin Bertoli Part 1

In part 1 of this 2 part series, PM Capital’s Global Opportunities fund Co-Portfolio Manager,  Equities, Kevin Bertoli speaks with Tom Piotrowski about factors driving the Asian market at the moment and its impacts on global growth. In particular, the pair touch on the importance of China’s reopening, as well as the value in Ali Baba, and the commodity sector broadly leading into 2023.

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.

Reporting Season Preview 6 Feb 23: Cost control and outlooks in focus

CommSec Market Analyst Steven Daghlian previews the February profit reporting season, including what it is and what to expect from a variety of sectors on the Australian sharemarket.  

Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a  Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.