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A new weekly podcast highlighting one stock or idea in just five minutes.This short episode breaks down a high-conviction idea, covering the pros and cons - all in about five minutes.This week, Henry Jennings looks at SGH. Despite its recent run, there's still more to go as the Boral turnaround gains momentum. Strong management and solid mining services exposure make it one to watch.Disclaimer: This is general advice only. Please consult your financial adviser before making any investment decisions.If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.
ASX 200 gave back early gains to close up 1 points at 8484 as falls in CSL post results, took its toll. CSL down after analyst briefing and US flu shots underwhelming. Banks held firm although CBA down % ahead of numbers tomorrow. WBC up % and ANZ up % with the Big Bank Basket at $267.86 (-0.2%). MQG reported 9-month numbers. Nothing much to get excited about but it tried to rally up 1.6% with other financials doing well. HUB up 1.4% and NWL up 2.7%. Insurers too better, SUN up 0.6%. REITs firmed with results from CQE up 8.5%. Industrials also in demand, ALL up another 1.7% with JBH up 2.0% on broker comments. SGH rose 6.1% on Boral lift, REA continue to push higher, with WTC under pressure still as the All-Tech Index rose 0.9%. Resources were mixed. Lithium nixed by the reopening of low-grade production in China, PLS off 3.6% and MIN down 6.9%. Gold miners were better with bullion at records still. NST up 4.0% and NEM up 3.2% with iron ore stocks drifting mainly lower. Energy stocks mixed, uranium stocks relatively firm. In corporate news, BRG lost 2.2% on results. RHC was 1.4% better despite a $305m hit to the balance sheet. On the economic front, The Westpac-Melbourne Institute Consumer Sentiment Index rose just 0.1% in February to 92.2, up from 92.1 in January. Asian markets flat with China down 0.3% and HK off 0.2%. Japan closed. Another holiday. 10-year yields steady at 4.39%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.
Deniz Yüce Başarır kadın yazarlarla sohbetlerden oluşan "Elim Kalem de Tutar Kadeh de"nin yeni bölümünde edebiyatımızın son dönemdeki en önemli yazarlarından Gaye Boralıoğlu'nu ağırlıyor. Öyküler ve romanları aracılığıyla yazarın dünyasına derinlemesine dalacağınız kayıtta hayatımıza dair birçok konu da gündeme geliyor. İlk öykü kitabı Hepsi Hikâye'den başlayıp, 2014'de Yunus Nadi Öykü Ödülü alan Mübarek Kadınlar ve 2019'da Duygu Asena Roman Ödülü'ne layık görülen Dünyadan Aşağı'ya da uğrayarak Boralıoğlu'nun altı eserinin izi sürülüyor. Böylece hem bir yazarın portresi hem de bir Türkiye tablosu çıkıyor ortaya. Ve Başarır yine Boralıoğlu'nun son öykü kitabından bir bölümü de seslendiriyor dinleyenler için.
In this insightful episode of 'The Wisdom Of' podcast, host Simon Bowen converses with retired Major General Gus McLachlan. They delve into the necessity of wisdom in leadership amidst today's intricate political, social, and economic landscapes. Major General McLachlan shares his extensive 37-year military career, emphasizing the importance of deep thinking, experience, and communication in leadership. They explore the evolving nature of leadership, the challenges of modernizing the military, the state of global geopolitical threats, and the implications of emerging technologies like artificial intelligence. The discussion highlights the critical need for leaders to exhibit confident humility, the wisdom to navigate crises, and the vision to prepare for future challenges.Here's what you're in for:00:00 Introduction to the Wisdom of Show00:19 Introducing Major General Gus McLaughlin01:27 Gus McLaughlin's Career and Achievements03:37 The Importance of Wisdom and Experience04:53 Reflections on Leadership and Global Issues06:54 The Role of Communication in Leadership13:28 Confident Humility in Leadership18:59 The Need for Pause and Reflection27:14 Evolving Leadership and Wisdom28:23 Purpose-Driven Direction and Freedom to Maneuver30:06 Real-World Example: Anticipating the COVID-19 Pandemic31:19 The Role of Senior Leaders in Addressing Major Problems32:18 Modernizing the Army: Leading Change and Innovation35:11 Visualizing and Articulating a Plausible Future37:24 Challenges in Change Management and Communication40:31 Global Context: Geopolitical and Cybersecurity Threats47:18 The Impact of AI on Leadership and Decision-Making49:54 Final Thoughts and Reflections on LeadershipAbout Gus McLachlanMajor General Gus McLachlan AO (Retd) is a distinguished senior executive with a proven track record of leading large, complex organizations to exceptional results across both the public and private sectors. His military career culminated in commanding Land Forces Command in the Australian Army, overseeing 35,000 personnel and spearheading transformative initiatives in drone, cyber, and electronic warfare. Transitioning to the commercial sector, Gus took on senior leadership roles at Boral, Australia's largest construction materials company, where he continued to apply his strategic acumen.Renowned for his curiosity and innovative mindset, Gus led pioneering investigations into cyber, robotics, and data analytics within the Army. His expertise now bolsters the competitiveness and resilience of various organizations. A graduate of the Advanced Management Program at Harvard Business School and the Cranlana Centre for Ethical Leadership, he currently serves as a Senior Advisor at Bondi Partners, offering insights into the global strategic environment.Gus's contributions have been recognized with the Order of Australia (AO) and the U.S. Legion of Merit for his service in Afghanistan. He holds positions as an Adjunct Professor at Monash University, Chair of the Advisory Board for Cyber and Data Security at Charles Sturt University, and Director at the Williams Foundation. Additionally, he is a board member of Internet 2.0, where he leverages his extensive knowledge of defense procurement and dual-use technologies to guide clients in identifying growth opportunities.About Simon Bowen Simon has spent over two decades working with some of the most influential leaders across many complex industries and circumstances. His very clear finding is quite simply that thinking is valued less than doing in almost every situation in our modern world.However, Simon has conversely observed that the power and success of any business, project or organization will be in...
The upcoming report season will provide valuable insights into how ASX-listed companies fared over the financial year. As companies unveil their FY24 results, investors will be keen to assess their performance against a backdrop of rising interest rates, persistent inflation, and a slowing Chinese economy. This video explores key trends, sector outlooks, and potential market movers. In this week's wrap, Grady covers:(0:11): the economic impact on company earnings(1:11): why all eyes are on large-cap stocks(2:09): an analysis on sector performance & top stock picks(3:35): how the ASX200 performed this week so far(4:41): the most traded stocks & ETFs by Bell Direct clients(5:09): economic news items to watch out for.
General Advice Only
General Advice only
General Advice only
Jacqueline Chow is intensely curious and always has a plan. Key to her success has been the willingness and integrity to share the plan with those around her! Together we discuss the role great sponsors played in her career by expertly guiding her to stay close to where the economic value was created in business. She shares the deeply personal experience of working for a leader where the “chemistry” was off and how after trying everything she could to “fix” things, it felt silly to stay any longer. This experience took 18 months to recover from. As Jacq said, we join an organisation and leave an individual. We discuss what inspires her, and what she looks for when recruiting a CEO. Jacq is a non-executive director of Boral, Charter Hall, Coles Group and nib holdings. She has over twenty-years operational experience running large, blue-chip multinationals, including Fonterra, Arnotts & Kellogs across Asia Pacific, the US and Latin America. A beautiful conversation about following whatever you are intensely curious about. ----------------------- Craving inspiration? I send an email each Sunday about leadership reflection, top tips to build an intentional & sustainable life and other things that have captured my attention and are too good not to share! Sign up here. Loving the podcast? Leave us a short review. It takes less than 60 seconds & will inspire like-minded leaders to join the conversation! Ready to take immediate action to manage your energy? Grab my new Activity eBook: 5 Simple Yet Powerful Techniques You Can Use to Elevate Your Energy & Performance - Even If You Don't Know Where To Start. Get access instantly here. Are we friends? Connect with Us. Instagram LinkedIn
The banking oligopoly looks to be entrenched. It seems that the takeover of Suncorp bank by ANZ allowed by the Competition Tribunal despite ACCC objections. Competition law in Australia is a joke.Research undertaken by the OECD has concluded that those parts of the country with the highest level of migrants tend to have the highest productivity.Four Corners reveals that Coles and Woolworths have been profiting from higher prices at the check-out, despite repeated assurances from the supermarket giants that they're doing everything in their power to keep grocery bills down.Star Entertainment is on the verge of losing a lucrative licence to operate one of two Sydney casinos after the NSW regulator launched an independent inquiry into whether the company had fixed major cultural failures.Seven Group, headed by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral, and the bid is designed to mop up the rest of the company.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop Hosted on Acast. See acast.com/privacy for more information.
Over in the US, Wall Street was closed on Monday due to the Presidents Day holiday, with trading to resume tomorrow.In Europe overnight, markets closed mostly higher, carrying on the positive sentiment of last week with the STOXX600 closing the day up 0.17% driven by a rally for healthcare stocks. Germany's DAX bucked the positive start to the week closing the session down 0.15%, while the French CAC ended the day flat and the FTSE100 in the UK rose 0.22% to start the week in the green.In Asia, markets also closed mostly higher overnight as investors returned from the Lunar New Year holidays and upbeat travel data boosted investor sentiment. Consumer spending in China rose higher than pre-COVID levels across the Lunar New Year holiday according to data out in the region, indicating economic recovery on the consumer front is underway, which prompted China's CSI300 index to rise 0.5% on Monday. Japan's Nikkei and Hong Kong's Hang Seng indices each fell to start the week lower while South Korea's Kospi rose 1.3%.The ASX started the week with a gain of just 0.09% on Monday as an afternoon sell off erased most of the gains from earlier in the session with real estate stocks weighing on the key index which offset gains among the miners and banks.As we head into week three of the local reporting season calendar, so far 82 companies have reported first half results with 30 beating expectations, 31 meeting expectations and 21 missing expectations.Lendlease was the worst performer in the real estate sector with the company plunging 16% after reporting a $136m loss for the first half and downgrading its return on equity guidance for the remainder of FY24 in results released yesterday.The insurance providers in QBE and IAG were two key names that missed expectations and were subsequently sold off as investors responded to the weaker than expected results from the two providers.A2 Milk on the other hand jumped 12.5% on Monday after the dairy distribution company posted stronger revenue and profits in the first half, attributing the strong results to growth in the Chinese market products.Leading cement producer Boral also rallied 4.6% on Monday after announcing Seven Group has made an offer to buy the remaining 28.4% stake in the company that it does not already own.What to watch today:Ahead of the local trading session here in Australia the SPI futures are expecting the ASX to open Tuesday's session flat ahead of a busy reporting season calendar today including results out of Ansell, BHP Group, Sonic Healthcare, Baby Bunting, Coronado Global Resources and more.On the commodities front this morning, oil is up 0.5% at US$79.57/barrel, gold is up 0.21% at US$2017.35/ounce and iron ore is flat at US$128/tonne.AU$1.00 dollar is buying US$0.65, 98.18 Japanese Yen, 51.83 British Pence and NZ$1.06.Trading Ideas:Bell Potter has reduced the 12-month price target on Boral (ASX:BLD) from $6.30 to $6.24 and maintain a hold rating on the leading vertically integrated supplier of construction materials in Australia following the receipt of a takeover offer from Seven Group which is already a majority investor however is proposing, under the new deal, to acquire the remaining 28.4% interest that it does not own. The offer is a combination of cash and scrip and Bell Potter believes the offer proposal appears to be fair.And Trading Central has identified a bearish signal on PWR Holdings (ASX:PWH) following the formation of a pattern over a period of 25-days which is roughly the same amount of time the share price may fall from the close of $10.76 to the range of $8.80 to $9.10 according to standard principles of technical analysis.
Sam Newman, Mike Sheahan and Don Scott - 'You Cannot Be Serious'
John Setka (born September 1964) is an Australian trade unionist. He is secretary of the Victorian-Tasmanian division of the Construction, Forestry, Maritime, and Energy Union which also administers the South Australian division under a temporary arrangement. He is a controversial figure in the Australian trade union movement. He is known for his strong support at a grassroots level, especially among the rank and file of the CFMMEU. His supporters regard him as a strong advocate against political, legal, and industrial opponents; the national secretary of the union, Christy Cain has called him one of the "most fair dinkum union people in this country". On the other hand, Setka's political opponents have derided him as a bully, and criticized his purported stance that it can be necessary to break the law to pursue union interests. He has also faced strong criticism for alleged public remarks on the topic of domestic violence, and a guilty plea for harassing his ex-wife via text, issues that contributed to his formal expulsion from the Australian Labor Party in 2019. In recent years Setka's personal life has been the subject of considerable media attention. His marital breakdown, and associated legal issues, have led to additional public criticism. John Setka was born to a Croatian family. His father was a labourer named Bob Setka, who survived the West Gate Bridge collapsein 1970, one of the worst industrial accidents caused by employer negligence in Victoria's history. Setka began working as a labourer at the age of 19. He began involvement with trade unionism first after joining the Builders Labourers Federation. He was mentored by state secretary John Cummins. Under John's leadership, media commentators have noted the "pervasive power of the CFMEU over construction companies". In 2012 he unsuccessfully attempted to sue the opposition leader Tony Abbott in defamation after Abbott called him a thug. In 2015, Setka encouraged workers within the Rail, Tram and Bus Union to strike during the Australian Football League finals to "use finals fever to their advantage in their bitter industrial fight with Metro Trains and Yarra Trams". The decision was criticised by Victorian Labor minister Jacinta Allan due to the strike's impact on businesses. Setka openly criticised the former prime minister Kevin Rudd in 2018. During a speech, he said: 'he's one of the worst fucking Labor PMs we've ever had ... (because) ... he kept the ABCC and coercive powers and he wants to talk about workers and the trade union movement.' Setka is known for his public condemnation of the ABCC and its staff. In 2017 he publicly threatened to target the home addresses of building watchdog inspectors and lobby local footy clubs so their "kids will be ashamed of who their parents are". These comments were controversial. On the other hand, he is regarded by many in the union movement, especially in the industrial left faction; to be a robust and genuine union activist. He has in the past had strong support from Luke Hilakari, among other prominent leaders in the trade union movement. In August 2022 a unanimous ballot at the South Australian branch of the CFMMEU brought about a co-operative administration arrangement between that branch, and the Victorian-Tasmanian division led by Setka. In 2015 Setka was arrested and forced to appear in court to face blackmail charges. On the day of his court appearance, around 2,000 CFMEU members and other unionists gathered outside the Melbourne Magistrates' Court on 8 December to show their support. Three years later, the Victorian prosecution office dropped the charges, a decision that the Magistrate Charles Rozecwajg described in court as 'very sensible. Setka spoke outside of court saying that he had been the victim of a witch hunt. He later sued a group of executives from the company Boral, successfully obtaining a settlement after alleging they conspired in the tort of malicious prosecution. Expulsion from Labor In June 2019 John attended a meeting of his union's national executive. It was reported by The Age that during that meeting, he made comments to the effect that the work of Rosie Batty had left men with fewer rights. Setka publicly denied that he made the comments. Following the reporting of these comments, the Australian Labor Party leader Anthony Albanese proposed to expel Setka from the Labor Party. John publicly objected to this attempt at expulsion and claimed that there was "dirty politics at work". He made an implicit claim that he was the victim of a witch hunt, driven by his "view of where the union should be in regard to the ALP, and some people probably don't share that view". Reactions to John's behavior and his potential expulsion were mixed. The CFMEU Victoria branch (that he controlled) threatened to cut financial support to the ALP if he was expelled. The NSW and WA branches also expressed their support. Numerous politicians, as well as the ACTU secretary Sally McManus called on John to step down. Additional pressure upon John arose after the Senate crossbencher Jacqui Lambie threatened political blackmail, making a demand that he steps down or she would vote for a bill strongly opposed by the union movement. This threat was made during a lunch invitation at her Tasmanian house. In the midst of these events, John pleaded guilty to using a carriage service to harass a person in the Melbourne magistrate's court. The victim was identified as his wife at the time, Emma Walters. Following this, more than a dozen individual unions, including the three biggest in the country, renewed their calls for Setka to step aside. Some factional allies of Setka, like the then head of the RTBU Luba Grigorovitch , maintained their support. In July, John applied for an injunction at the Victorian Supreme Court to stop the expulsion decision. He argued at court that the ALP national executive didn't have the legal power to expel him, and that it was instead a matter for the Victorian State party branch. The court decided in August 2019 that the motion to expel Mr. Setka was 'outside the court's jurisdiction', and that it 'could not interfere with internal decisions of voluntary unincorporated associations'. In October he commenced an appeal of this decision, before withdrawing. After its withdrawal, the ALP immediately expelled him.
Wall Street closed mixed on Friday with the S&P500 climbing 0.57% to close above 5000 points for the first time ever on Thursday as investors responded to December's revised inflation report came in below first reported reading. The Dow Jones fell 0.14% at the closing bell while the tech-heavy Nasdaq ended the day up 1.25%. Over the 5 trading days last week the S&P500 added 1.4% in its 5th straight positive week, the Nasdaq rose 2.3% and the Dow Jones remained flat across the trading week.The initial December inflation reading of 0.3% growth was downwardly revised on Friday to a 0.2% increase and core inflation results for the U.S. are due out this week.Strong earnings results are also driving investor confidence in the US as tech mega caps including Nvidia and Alphabet rallied 3.6% and 2% respectively on Friday while Cloudfare soared 19.5% on strong earnings.Over in Europe, markets closed slightly lower on Friday as investors digested corporate earnings results despite the release of favourable economic data out in the region. The STOXX600 fell just 0.08% on Friday, Germany's DAX lost 0.22%, the French CAC dropped 0.24%, and in the UK, the FTSE100 ended the day down 0.3%.Fresh inflation data out of Germany released on Friday indicated inflation fell to 3.1% in January in a positive sign for Europe's largest economy.Locally on Friday, the ASX200 rose 0.07% led by the technology sector rallying 1.12% and healthcare stocks adding 1%, while losses among energy and utilities stocks weighed on the key index.Boral shares jumped 13% on Friday after the leading cement producer delivered very strong first half results including revenue up 9.4% and underlying NPAT soaring 143% over the 6-month period. Strong price realisation and volume recovery were the drivers of the stronger first half results.Local uranium stocks took a hit on Friday after Canadian uranium miner Cameco announced plans to expand production at its Cigar Lake Mine and McArthur River/Key Lake, to address the growing global demand for the key commodity. Boss Energy fell 12.7% on Friday while Paladin Energy fell just over 7%.What to watch today:Ahead of the local trading session here in Australia to start the new week, the ASX200 is set to open Monday's session slightly in the red ahead of a big reporting season week locally this week.On the commodities front this morning, oil is trading 0.81% higher at US$76.84/barrel, gold is down 0.5% at US$2022.90/ounce, uranium is up 6% at US$106/pound and iron ore is flat at US$128/tonne.AU$1.00 is buying US$0.65, 97.29 Japanese Yen, 51.67 British Pence and NZ$1.06.On the reporting season calendar today, you can expect to see results released from Aurizon Holdings, Beach Energy, JB Hi-Fi, and James Hardie Industries.Trading Ideas:Bell Potter has maintained a hold rating on REA Group (ASX:REA) and has slightly decreased the 12-month price target from $179 to $174 following the release of first half results including a 22% increase in EPS to 189cps, a 16% increase in dividend to 87cps which fell short of Bell Potter expectations. Despite the strong quarter, Bell Potter believes the current share price of $176.43 has REA Group relatively fully valued.And Trading Central has identified a bullish signal on Infratil (ASX:IFT) following the formation of a pattern over a period of 9-days which is roughly the same amount of time the share price may rise from the close of $10.11 to the range of $10.80 to $11/share according to standard principles of technical analysis.
Greater Houston Women’s Chamber of Commerce: The Global Businesswomen’s Pod
GHWCC Global Businesswomen's Pod Episode 93 THE 6 STRATEGIES FOR EMPOWERMENT AND SUCCESS PATRICIA BORAL CO-FOUNDER & CEO BORAL AGENCY SANDRA PORTER MODERATOR OWNER & PRINCIPAL SANDRA PORTER & ASSOCIATES Join us for relationship building opportunities and strategies as marketing leaders share their expertise and proven strategies to make your 2024 a great success! Whether you are a seasoned entrepreneur or executive or just embarking on your business journey, this podcast promises to equip you with the tools and knowledge needed to thrive in the upcoming year.
Greater Houston Women’s Chamber of Commerce: The Global Businesswomen’s Pod
GHWCC Global Businesswomen's Pod Episode 93 THE 6 STRATEGIES FOR EMPOWERMENT AND SUCCESS PATRICIA BORAL CO-FOUNDER & CEO BORAL AGENCY SANDRA PORTER MODERATOR OWNER & PRINCIPAL SANDRA PORTER & ASSOCIATES Join us for relationship building opportunities and strategies as marketing leaders share their expertise and proven strategies to make your 2024 a great success! Whether you are a seasoned entrepreneur or executive or just embarking on your business journey, this podcast promises to equip you with the tools and knowledge needed to thrive in the upcoming year.
General advice only
Wall Street closed higher across the key indices on Friday as favourable economic data strengthened investor sentiment in the U.S. economy. The S&P500 rose for a sixth straight session, ending the day up 0.53%, the Dow Jones rose 0.64% and the tech-heavy Nasdaq added 0.18% despite Tesla shares slumping over 13% after the EV giant posted disappointing fourth-quarter results and warned of lower vehicle volume growth for the year ahead.US GDP data out late last week indicated the world's largest economy grew at a rate of 3.3% in Q4 which was well above economists' expectations of a 2% growth and provides further support that the U.S. economy remains resilient despite the currently high interest rate environment.Personal consumption expenditures data out of the US also pointed in the right direction for economy stability against inflation falling in fresh data out last Thursday. The PCI data, a preferred measure of inflation for the fed, showed an increase of 2% for the latest quarter.Over in Europe, markets closed at a two-year high on Friday as investors welcomed a slew of favourable economic data, the ECB's latest rate decision and corporate fourth quarter earnings results. The STOXX600 rose 1.1% on Friday led by household goods jumping 5.2%. Germany's DAX ended Friday's session up 0.32%, the French CAC added 2.28%, and, in the UK, the FTSE100 rose 1.4%.Luxury brand retailer LVMH jumped 13% on Friday after posting strong fourth quarter results indicating sales which is a key boost for the luxury market in a time of slowing consumer spend.The European Central bank also met market expectations late last week by maintaining the ECB interest rate steady at 4% for a third straight time.Across the Asia markets on Friday, stocks mostly declined as investors piled out of EV stocks in the region amid concerns of slowing demand, while investors also digested inflation data out of Tokyo. Hong Kong's Hang Seng dropped 1.8% on Friday, China's CSI ended the day down 0.27%, and Japan's Nikkei fell 1.34%. Japan's inflation reading for January came in softer compared to December's reading at 1.6% growth YoY and below the 1.9% rise economists were expecting.Locally on Friday, the ASX200 was closed for the Australia day public holiday.What to watch today:Ahead of the first trading session for the week here in Australia, the SPI futures are expecting the ASX200 to open the first trading day of the week up 0.19%.On the commodities front this morning, oil is up 0.84% at US$78.01/barrel, gold is down 0.07% at US$2018.38/ounce and iron ore is up 1.10% at US$137.50/tonne.AU$1.00 dollar is buying US$0.66, 97.43 Japanese Yen, 51.74 British Pence and NZ$1.08.Trading Ideas:Bell Potter has maintained a sell rating on Fortescue (ASX:FMG) but has slightly increased the price on the big miner following the release of the company's December quarter results including iron ore shipments coming in-line with Bell Potter expectations, however, water supply disruptions continued to impact high grade magnetite production at Iron Bridge and FY24 guidance has been lowered again.And Trading Central has identified a bearish signal on Boral (ASX:BLD) following the formation of a pattern over a period of 29-days which is roughly the same amount of time the share price may fall from the close of $5.26 to the range of $4.92 to $4.98 according to standard principles of technical analysis.
The penny has dropped and thanks to a three-letter word from the Federal Reserve's recent interest rate decision ("any"), small caps both in the US and in Australia have started to rocket out of a long slumber. For most of the last 18 months, small cap performance at an index level has been smashed thanks to the soaring cost of capital. But now that markets have called central banks' bluff, we're entering what Ben Griffiths of Eley Griffiths Group calls a "pause rally" - the kind of rally that has a lot of cash looking for a new home. "I'm not for a second suggesting that the lunatics are out of the asylum but there has been some stability and sentiment is such that you can sketch out a constructive path for equities. There's a buoyant time ahead for us," Griffiths said. Another worthwhile indicator of the return of risk is the IPO market - and as Griffiths knows all too well, the phone calls have dried up considerably. And while the phone is not ringing off the hook yet, he does see some signs that listing activity is itching for a rebound. "There were a number of IPOs that were slated for transacting and listing before Christmas that have now been pushed into March. These will be extra well sought after in March - or certainly pre-June 2024," he said. In this, our second last episode of The Rules of Investing for 2023, James Marlay sits down with Griffiths for an extended conversation about the smaller end of the market. Hear about some of the companies that stood out from the recent AGM season, how Griffiths is investing in light of a "higher for longer" rate environment, and why he's dipping his toes into a well-known company that fell from darling to dog. Timecodes: 0:00 - Intro 1:15 - Three macro signals Ben pays attention to - and what these are saying about the markets 4:45 - Is risk back and is the "pause rally" underway? 8:44 - Was October 30th 2023 the day the market declared the war on inflation over? 10:16 - What are you hearing about the appetite for more ASX IPOs? 14:00 - What are the drivers of the divergence between large cap and small cap performance - and when will it turn? 18:00 - The ASX companies which stood out from the November AGM season - Breville Group (ASX: BRG), Boral (ASX: BLD), Ridley Corporation (ASX: RIC) 19:16 - Portfolio construction and stock picks for a "higher for longer" interest rate environment - Monadelphous (ASX: MND), ARB Corporation (ASX: ARB), Capricorn Metals (ASX: CMM), Genesis Minerals (ASX: GMD), Karoon Energy (ASX: KAR) 21:53 - Stocks where margins may have not bottomed out yet - Auckland International Airport (ASX: AIA) and Worley (ASX: WOR) 22:20 - Portfolio construction for the new Eley Griffiths Group mid-cap fund: Audinate (ASX: AD8), Temple and Webster (ASX: TPW), Codan (ASX: CDA) 23:06 - A closer look at Boral and the impact of new CEO Vik Bansal 26:05 - A closer look at one unloved area of the market: REITs 27:52 - Consumer finance stocks have been the subject of investor "angst": Judo Bank (ASX: JDO), Latitude Financial (ASX: LFS), Pepper Money (ASX: PPM), Liberty Financial (ASX: LFG) 29:12 - What would it take for you to turn more positive on these smashed sectors? 31:48 - Why Eley Griffiths Group is launching a new mid-cap fund now 34:34 - Some of the mid-cap fund's early core holdings: CAR Group (ASX: CAR), GQG Partners (ASX: GQG), Genesis Minerals, Boral, Auckland International Airport, Worley 35:37 - The Rules of Investing's three regular questions
In this episode, I interview Patricia Boral, CEO of the Boral Agency, a marketing agency that has helped businesses grow globally. Patricia and her sister, Brenda, have faced numerous hardships, including abandonment and the loss of their mother at a young age. However, with resilience and determination, they pursued their passion for marketing and established their agency in Houston. We discuss the importance of perspective and mindset during challenging times and the lessons they learned from Hurricane Harvey that helped them navigate the pandemic. We also discuss how perspective can change us from viewing our limitations to viewing them as our strengths. And finally, Patricia also shares a special message for young and aspiring business owners seeking success. Join us for an inspiring conversation about overcoming adversity and building a thriving business.To connect with Patricia and Brenda and learn more about their story and their great work, visit www.boralagency.com. You can also connect with them on Facebook, Instagram, and X @boralagency.
Seven Group Holdings Limited is a diversified operating and investment company. The Company has business and investments in industrial services, media, and energy. Its segments include WesTrac, Coates, Boral, Energy, Media, and other investments. Shares for Beginners and Stockopedia proudly present "Weekend Watchlist" where each week we dissect a company using Stockopedia's Factor driven analysis process. Go to https://why.stockopedia.com/sfb/ for your free trial and special discount offer. Why not join Stockopedia today and take advantage of this special offer of 10% off the first year of membership and see for yourself why Stockopedia is the essential tool for every serious DIY share investor. 14-day free trial included, then a no-quibble 30-day money back guarantee. https://why.stockopedia.com/sfb/ Find out more about Stockopedia by going to my review: https://www.sharesforbeginners.com/stockopedia-aunz-reviewDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.
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All eyes were on key economic data out of China this week. The data will help investors determine the pace of recovery for the world's second largest economy, and, what that means for local and global markets.In this week's wrap, Grady covers:(0:11) what China's economic data meant for Australia,(0:44) China's GDP growth rate & industrial production YoY,(1:34) the outlook for commodities,(2:43) Cettire (ASX:CTT), Bapcor (ASX:BAP), Nick Scali (ASX:NCK) & Netwealth (ASX:NWL),(3:58) quarterly results in the US,(4:42) the best performing stocks in the ASX200,(5:21) the most traded stocks & ETFs by Bell Direct clients, and(5:50) five economic news items to watch out for.
Virgin surfs post-COVID boom to first profit in 11 years. The Israel-Hamas war sends Aussie petrol prices skyrocketing.Senate committee suggests the Albanese government denied Qatar Airways more flights into Australia to protect Qantas' market share and keep airfares high.The big four banks slash 2000 jobs.Boral says spiking electricity prices and Australia's patchy energy transition are prompting the country's biggest cement, concrete and asphalt producer to temporarily halt manufacturing. Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop Hosted on Acast. See acast.com/privacy for more information.
If your home needs a new roof, get it installed before the fall and winter. Call the experts at Gold Roofing, Inc. (970-593-3080) in Grand Lake, CO. Go to https://goldroofing.com to find out more. Gold Roofing in Grand Lake, CO City: Grand Lake Address: 916 Grand Ave - 2177 Grand Lake, CO 80447 Website https://www.goldroofing.com Phone +1-970-593-3080 Email goldroofing@gmail.com
Greater Houston Women’s Chamber of Commerce: The Global Businesswomen’s Pod
GHWCC Global Businesswomen's Pod Episode 77 Patricia Boral, CEO & Co-Founder and Brenda Boral, CMO and Co-Founder of the Boral Agency explore the shifts and trends in digital marketing and the role of AI. Discover the potential benefits of AI and gain insights into Boral Agency's unique services and mission in the digital marketing
Greater Houston Women’s Chamber of Commerce: The Global Businesswomen’s Pod
GHWCC Global Businesswomen's Pod Episode 77 Patricia Boral, CEO & Co-Founder and Brenda Boral, CMO and Co-Founder of the Boral Agency explore the shifts and trends in digital marketing and the role of AI. Discover the potential benefits of AI and gain insights into Boral Agency's unique services and mission in the digital marketing landscape.
Ahead of the RBA's rate announcement next week, we look at the predicted rate outlook for the remainder of CY23, what this means for companies and most importantly, what the outlook means for your portfolio this festive season.In this week's wrap, Grady covers:(0:12) fears and expectations around the cash rate,(0:27) Tuesday's RBA meeting,(1:56) what ‘higher for longer' means for businesses and individuals,(2:29) two companies who excelled in the FY23 reporting season,(3:04) interest rate impacts on portfolios and investment decisions,(4:46) the best performing stocks in the ASX200,(6:12) the most traded stocks & ETFs by Bell Direct clients, and(6:27) five economic news items to watch out for.
Wall Street closed lower on Tuesday, led by the Nasdaq falling 1.04% in its first losing session in three days as Oracle shares plunged 13% on weaker-than-expected quarterly revenue and guidance. The S&P500 fell 0.57% and the Dow Jones fell in afternoon trade to close 0.05% lower after trading higher all day. Chevron shares rallied almost 2% on strength in the price of oil to offset some of the losses for the Dow Jones on Tuesday. Apple shares were also lower in afternoon trade after the tech giant unveiled a new iPhone model this afternoon in US time. Investor attention in the US is focused this week on key inflation data which will be released on Wednesday US time as it will give an indication into how the US economic inflation is faring and provide further support for the Fed to either raise or hold rates at the next FOMC meeting.In Europe, markets closed mixed across the board on Tuesday ahead of key economic data released later this week. The STOXX600 fell 0.2%, Germany's DAX fell 0.54%, the French CAC lost 0.35% and, in the UK, the FTSE100 rose 0.41%.UK average earnings data released overnight showed regular pay excluding bonuses in the UK went up 7.8% YoY in the three months to July, which is the same reading as the prior quarter and the highest regular growth rate since comparable records began in 2001, in a sign inflation remains high in the region.The local market has rallied across the first two sessions of this week amid a rise in staple and financial stocks over the two trading sessions. On Tuesday, the ASX200 rose 0.20% led by materials stocks lifting 0.9% on a 3% rise in the price of iron ore following better-than-expected economic data out of China in the form of total credit growth climbing in August 2023, marking the first month-on-month acceleration since March.It was a big day for lithium miners yesterday with some mining giants making key strategic moves that had investors excited. Delta Lithium shares jumped almost 6.5% after Mineral Resources founder and CEO joined Delta Lithium's board as non-executive chairman, and Mineral Resources increased its shareholding in Delta to 17.4%.What to watch today:Ahead of the local trading session here in Australia the SPI futures are anticipating the local market to open the midweek session down 0.29%.On the commodities front this morning, oil continues to strengthen, trading up 1.70% at US$88.77/barrel, gold is down just shy of half a percent at US$1913/ounce and iron ore is up 3% at US$120/tonne on the back of that favourable economic data out of China reigniting demand outlook for iron ore from the region.AU$1.00 is buying US$0.64, 94.48 Japanese Yen, 51.28 British Pence and NZ$1.09.Trading Ideas:Bell Potter has increased the rating on EROAD (ASX:ERD) from a hold to a buy whilst lowering the 12-month price target from $1.25 to $0.90 amid forecasting for the NZ$50m capital raising and the subsequent impact to NPAT that is expected by Bell Potter's analyst. Bell Potter questions the decision to raise equity capital at such a sharp discount to the last close – especially after the EROAD board rejected the non-binding indicative offer of NZ$1.30/share from Brillian APAC, but the Bell's analyst does recognise the much-strengthened balance sheet which now removes risk of another capital raise in the short term.And Trading Central has identified a bearish signal on Boral (ASX:BLD) following the formation of a pattern over a period of 9-days which is roughly the same amount of time the share price may fall from the close of $4.65 to the range of $4.13 to $4.23 according to standard principles of technical analysis.
Jacqueline Chow GAICD is a director with Boral, Charter Hall, Coles, and nib. She's also one of the speakers for this year's AICD Essential Director Update (EDU). We discuss: planning for CEO succession, the importance of chemistry in the boardroom, and tips on shifting from an executive career to becoming a board director. Plus, we speak about some of the topics Jacqueline will address at the 2023 EDU, including: AI, cyber security, and data protection. Read more on Cyber Security Governance Principles from the AICD and the Cyber Security Cooperative Research Centre Register for the AICD's member-only event, the Essential Director Update
Reporting season ramped up this week, with investors reactive to news both good and bad. The Aussie share market rose 0.44% this week (Mon-Thu) as a 2.73% gain for the energy sector offset losses in the tech and healthcare sectors.In this week's wrap, Grady covers:(0:21) CBA's (ASX:CBA) record cash profit (0:49) Boral (ASX:BLD) & Cettire's (ASX:CTT) strong results (2:37) Downer's (ASX:DOW) dampened trading (3:05) What this week told investors & next week's outlook (3:56) US inflation data moving markets(5:04) Best performing stocks in the ASX200 (6:11) The most traded stocks & ETFs by Bell Direct clients (6:45) Three economic news items to watch out for
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Mitchell is a proud Bidjigal man from La Perouse in south-east Sydney. He is the Co-Founder and CEO of Muru Office Supplies, a national Workplace Supplies provider, and is passionate about his role supporting the growth of the First Nations business sector and giving back to community. After working in the IT industry for almost 15yr providing technology services to small business customers, Mitchell discovered the emerging supplier diversity trend in late 2011 and pivoted from IT into workplace supplies. Mitchell has grown Muru from the ground up into one of the largest First Nation owned companies in Australia and partnered with leading brands such as CBA, Telstra, Boral, Qantas, Fortescue Metals, and KPMG. Mitchell helps organisations capture value above and beyond the products they purchase through Muru. He creates partnerships that are more than transactional, offering ongoing mutual value for both parties through social outcomes. Muru means “pathway” in the language of the coastal Sydney region and Mitchell's vision is to create a pathway for future generations, helping to close the gap for First Nation people. A percentage of all Muru profits is donated to First Nations community programs that support Education, Employment and Health & Wellbeing initiatives. Mitchell is also passionate about sport and created The KO App in 2016, it's a free mobile app that was designed to provide a free resource for the community that includes live scoring and news about the NSW Aboriginal Rugby League Tournament or Koori Knockout as its more commonly known. Recommendations throughout this episode: https://www.linkedin.com/in/mitchellrossceo/ https://muruoffice.com.au/ https://www.thekoapp.com/ Website: www.blackmagicwoman.com.au Follow us on Instagram - @blackmagicwomanpodcast The Black Magic Woman Podcast is hosted by Mundanara Bayles and is an uplifting conversational style program featuring mainly Aboriginal guests and explores issues of importance to Aboriginal people and communities. Mundanara is guided by Aboriginal Terms of Reference and focusses more on who people are rather than on what they do. If you enjoyed this episode, please ‘Subscribe' on Apple Podcasts or ‘Follow' on your Spotify app and tell your friends and family about us! If you'd like to contact us, please email, info@blackmagicwoman.com.auSee omnystudio.com/listener for privacy information.
Boral 承认没有落实让墨尔本采石场的五名工人正确佩戴呼吸面罩,进而导致工人暴露在二氧化硅粉尘中。而此行为最高可被罚款150万澳元。
In this latest Hindi bulletin: Single parent payments to be increased in federal budget; Construction giant Boral fined for not protecting workers against deadly silica dust; In football, injury scare for Matildas star Sam Kerr and more.
In this bulletin, a federal budget boost for single parent payments, construction giant Boral fined thousands after workers were exposed to silica dust, and in football, an injury scare for Matildas star Sam Kerr.
Learn about the Boral Agency's unique growth path.
Carolina and Diana sit down with Boral Agency co-owner, Patricia Boral. She and her siblings had to grow up quickly in Bolivia and she and her sister, Brenda, used the obstacles they faced to create their own marketing agency here in Houston. As an entrepreneur, Patricia has a passion for being creative with resources and creating something unique for their clients - and she shared some great advice for aspiring entrepreneurs! Patricia also opened up about her heart for orphans and children in the foster system and giving back. We were absolutely inspired by her story of resiliency and we know you will be too!
Nesse episódio analisamos, discutimos, rimos e choramos nesse vício que se chama Last of Us (jogo e série). Boralá que tá quente! ______________________________INDICAÇÕESFilme: Aftersun- Série: Normal People- Série: Intensivão do Amor- Reality Show: Batalha dos 100______________________________JABÁS- Loja Meni (de Paula e Noemia) - @lojameni - Marca infantil sem gênero que trabalha com tecidos de reuso e sustentáveis.Catsitter em São Paulo com Cláudia, instagram - @catsitterclaudia- Twitter Ana - @semvontade.png- Instagram Noemia - @noemiapm- Siga #mulherespodcasters, #opodcastédelas______________________________REDES SOCIAIS- Instagram e Twitter: loremspodcast- E-mail: podcastlorems@gmail.com______________________________- Edição de som: Cláudia Kai- Arte da capa / Arte das mídias sociais: Ana Carolina- Logo Lorems: Noemia Menezes- Textos mídias sociais: Cláudia Kai
The Aussie share market fell almost 1% (Mon-Thu), on the back of the RBA raising the nation's cash rate by 25-basis points to 3.35%. And reporting season opened with some of Australia's biggest companies announcing their results. In this week's wrap, Grady covers:(0:30) How investors have reacted to company results(0:57) Suncorp, Boral, AGL Energy & Amcor's corporate earnings(4:25) The best performing stocks in the ASX200(5:50) The most traded stocks & ETFs by Bell Direct clients(6:23) Three economic news items to watch out for
The ASX rallied 0.35% today, rebounding from yesterday's rate-driven sell-off as investors piled into financial and material stocks today, while selling out of health care and consumer staples stocks.Boral (ASX:BLD) shares took flight today, adding over 12% after the building and construction materials supplier released first half results including revenue up 12% to $1.681bn, EBIT up 15% at $95.3m, NPAT increased 53% to $56.8m and adjusted EPS rose 50% to 5.1c/share. New Boral CEO Vik Bansal said RBA rate hikes haven't crimped customer demand for cement, asphalt and gravel.Suncorp (ASX:SUN) shares jumped 4.5% today after the Queensland-based financial conglomerate released first half results including group net profit up 44.3% to $560m, and cash earnings up 62.9% to $588m. The company also boosted its dividend payout to 33 cents per share, representing a 71% payout ratio of cash earnings. Group operating expenses fell 3.1% to $1.349bn, largely reflecting efficiency benefits from the strategic program of work, and the company reaffirmed its FY23 financial targets which investors have been looking for companies to share this reporting season.Strike Energy (ASX:STX) has accepted Hancock Prospecting's takeover offer of Warrego Energy for $0.40/share, over its own one-for-one scrip offer for the takeover of Warrego. Strike said despite not acquiring control of Warrego, it has achieved a number of key milestones over the last 6-months including share price appreciation of 40%, $116m in immediately available cash funding following the acceptance of Hancock's offer, and Strike's joint venture partner will be controlled by a credentialed, well-funded and motivated counterparty to pursue development activity in respect of the West Erregulla gas project.The winning stocks today were led by Boral (ASX:BLD) soaring almost 13%, Imugene (ASX:IMU) rallying 7.7% and Suncorp (ASX:SUN) climbing 4.6%.And on the losing end of the market, Elders (ASX:ELD) fell more than 5.8% after the company was sent a price query from the ASX today, while Healius (ASX:HLS) fell 5.4% and Ramelius Resources (ASX:RMS) lost 4.12% today.The most traded stocks by Bell Direct clients today were Macquarie Group (ASX:MQG), Pilbara Minerals (ASX:PLS) and Tennant Minerals (ASX:TMS).On the commodities front this afternoon, crude oil is flat at US$77.16/barrel, iron ore is down 0.8% at US$124.50/tonne and gold is up 0.13% at US$1876.33/ounce.The Aussie dollar is buying 70 US cents 91.32 Japanese Yen, 57.24 British Pence, and 1 New Zealand Dollar and 10 cents.
General Advice only
On this final, bumper Money Café of 2022, Alan Kohler is joined by James Thomson and Stephen Mayne to award deal of the year, worst call of the year, personality of the year and drongo of the year – ex-Lark CEO Geoff Bainbridge, Scott Morrison and Lachlan Murdoch all in the running. Also, the calls for 2023 on interest rates, regime change in NSW, Russia and the RBA. And: Musk vs Murdoch and fame and power; the worst AGM speech of the year, Boral and Kerry Stokes; the latest from James Packer's texts; and more, much more.See omnystudio.com/listener for privacy information.
The Aussie share market gained 1.06% this week (Mon-Thu) despite the US Federal Reserve maintaining its hawkish approach to tackling inflation and China's slowing factory activity. In this week's wrap, Grady covers:(0:11) Why iron ore entered freefall mode this week(2:32) China's GDP forecasts(3:40) The best performing stocks on the ASX200(4:42) The most traded stocks & ETFs by Bell Direct clients (5:20) Three economic news items to watch out for
The Aussie share market gained 0.29% this week (Mon-Thu), boosted by the technology sector. The RBA also raised the cash rate to 2.35%, raising consumer concerns about the rising cost of living. In this week's wrap, Grady covers:(0:29) The increase on Australian home loans(0:51) Whether the building boom is over(1:15) When Australians will feel the full brunt of the recent rate hike(3:52) Why energy stocks were sharply sold off(4:45) The most traded stocks & ETFs by Bell Direct clients(5:09) Four economic news items to watch out for
The Australian market closed 0.25% lower on Friday and etched out its second straight week of losses, shedding 3.88% over the last 5 trading days in the indexes worst trading week since June. The materials sector plunged more than 10% for the week as a major lockdown in China weighs on investor sentiment toward the sector, as investors fear iron ore demand from China will weaken following the lockdown. Mineral Resources (ASX:MIN) fell 6.23% on Friday, Lake Resources (ASX:LKE) 6.17%, and Sandfire Resources (ASX:SFR) dropped almost 5% to end the week.Investor fears of demand weakening have been the determining factor for investments in materials stocks over the last week, despite some of the mining giants like BHP Group (ASX:BHP) reporting strong FY22 results last week.Despite the turbulent session on Friday, investors piled into Life360 (ASX:360) despite no price sensitive news released by the company on the last trading day of the week. Investors also bought into GPT Group (ASX:GPT) on Friday and Clinuvel Pharmaceuticals (ASX:CUV) rose 2.3% after releasing strong FY22 results.On the losing front, investors sold-out of NOVONIX (ASX:NVX) on Friday with the battery materials and tech company diving more than 8% as investors respond to the company's FY22 results including the full-year loss deepening to $71 million.The most traded stocks by Bell Direct clients last week were Boral (ASX:BLD), BHP Group (ASX:BHP) and Core Lithium (ASX:CXO).Over in the US, markets closed lower on Friday despite a morning rally on Wall Street. The Dow Jones and S&P500 each fell 1%, while the Nasdaq lost 1.3%. Stocks rallied in the morning as the US labour department issued a strong jobs report for august, showing payrolls rose 315,000 for the month as companies continue hiring in the tight labour market, while unemployment ticked higher to 3.7% as more people look for work. The sharp sell-off in afternoon trade came as investor sentiment changed to believe the strong jobs report won't cause the feds to act any less aggressively toward tackling inflation for the foreseeable future. Over in Europe, the key markets rallied with the FTSE adding more than 1.8%, the Dax soaring 3.3% and the CAC jumping 2.2%. The G-7 rolled out a plan to cap the price of Russian oil on global markets as part of a set of sanctions aimed at limiting Russia's revenue from oil sales without cutting off oil supply from Russia completely which would send global oil prices soaring.What to watch today:ASX futures are expected to open 0.23% lower on the back of the sell-off on Wall St on Friday.Taking a look at commodities, crude oil is trading just under 1% higher this morning, natural gas is down 4.07%, gold is up just under 1% while iron ore is trading down more than 1%.On the economic data front, final retail sales data for July is released today in addition to ANZ Job ads for August.Investors will also be keeping a close eye on the RBA's interest rate decision for September which is released tomorrow as well as Australian GDP for Q2 out on Wednesday, followed by Australia's trade balance data out on Thursday.Trading Ideas:Trading Central has identified a bullish signal on CSL Limited (ASX:CSL) based on a pattern forming over a 25-day period which is roughly the amount of time the new price target will be achieved in the range between $314/share-$319/share from the close of $295.99/share, according to standard principles of technical analysis.Bell Potter has maintained its rating on Genetic Signatures (ASX:GSS) to a speculative hold rating but downgraded its price target to $1.20/share from $1.25/share based on challenges anticipated to be faced in FY23 including regulatory approval by the FDA for its Enteric Protozan kit expected in Q2 FY23.
The local market closed 0.79% higher on Friday but was virtually unchanged for the week as a broad market sell-off early in the week offset the rally that ended the week. The big banks rallied on Friday along with the materials and energy sectors.Bega Cheese (ASX:BGA) was the winning stock on Friday after the food company released full year results. Despite Bega's NPAT falling 69% to $24.2 million, investors were impressed with the company's revenue of more than $3 billion, which was up 45% year-on-year and the issuing of guidance for FY23 expecting EBITDA to be in the range of $160 million to $190 million for FY23 amid increased consumer prices across all channels.Investors also bought into Viva Energy (AX:VEA) on Friday while selling off City Chic Collective (ASX:CCX) again after the retailer released disappointing results on Thursday, and Zip Co (ASX:ZIP) fell more than 5% on Friday. The common theme continues throughout reporting season, being that investors are selling out of stocks that fail to provide quantitative guidance for FY23, which for last week included Humm Group (ASX:HUM), Coles (ASX:COL) and Ramsay Health Care (ASX:RHC).The most traded stocks by Bell Direct clients last week were IDP Education (ASX:IEL), Boral (ASX:BLD) and Alumina (ASX:AWC). In the US and all three key indices closed lower on Friday after the commencement of the Jackson Hole where investor optimism was dampened by Fed Chair Jerome Powell saying the central bank must continue to raise interest rates to stop high inflation becoming a permanent aspect of society.What to watch today:The ASX is expected to open almost 1.5% lower following the sell-off on Wall Street on Friday.As we head into the tail end of earnings season, we have over 60 companies set to report this week, kicking off with Fortescue Metals (ASX:FMG) this morning.On the commodities front, crude oil is trading almost half a percent higher and up 35% year-on-year, brent is up almost 1.5%, natural gas is down slightly but remains up 112% year-on-year, iron ore is also up just under 2%, but gold is trading 1.2% lower.Investors will be awaiting for the preliminary retail sales data to be released for July out today with the market expecting a rise of 0.3%. Australian building Permits for July is also out on Tuesday which will give an insight into the state of the country's building crisis.Trading Ideas:Trading Central has identified a bullish signal on Charter Hall Group (ASX:CHC) due to a pattern forming over a 79-day period, indicating the stock price may rise from the close of $13.36 per share to the range of $15.70 to $16.20 per share over the same period of 79 days according to standard principles of technical analysis.Citi maintains a buy rating on Perpetual (ASX:PPT) but have lowered its price target on the stock to $30 per share following the release of FY22 results last week and more importantly, the company's acquisition of competitor Pendal (ASX:PDL), which was announced on the same day the results were released. The downgrade of the price target is on the back of Citi acknowledging both equity market risk and the apparently negative sentiment towards the transaction which could prevent the stock making near term headway.
GUEST OVERVIEW: Kim Burgess has a B. App. Sci. degree and has been a researcher and data analysis for 30+ years. Kim ran her own market research business in Melbourne for 28 years servicing clients in Melbourne and nationally. She has worked mainly in community consultation, for local councils and completed a variety of other research projects for Geelong Cats, Keep Australia Beautiful, Medibank, Dept of Human Services and Boral. After following the data from early 2020, in July 2021, Kim downloaded the TGA adverse events reports for covid-19 medicines and started analysing and reporting on them. These reports are being used in the AVN case headed by Julian Gillespie. Most recently, Kim has been working with Dr Theresa Long, Dr Peter Chambers and Dr Lee Vliet from the US and pilots from the Magnificent 24 case.
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Over the next decade, the Australian manufacturing industry will need to change its practices to continue making things for the rest of the world. Dubbed the Fourth Industrial Revolution, AI and smart technologies have the potential to make the sector more productive and less wasteful, but the implementation needs to be done right. How will AI change our manufacturing sector, and what skills will we need to stay competitive?Professor Giselle Rampersad, Professor of Innovation at Flinders University, leads a digital upskilling program for BAE Systems, SMEs and STEM teachers. It won the Training and Mentorship Program for 2020 in the Australian Defence Industry Awards. She also leads industry 4.0 research with Naval Group Pacific, on exoskeletons and machining robots.Martin Guenzl is a senior executive with Boral, focussing on digital transformation and disruption in industrial settings. He has founded, developed and successfully led digital solutions businesses over the last twenty years, including AI-centric solutions. He holds an Electronics Engineering degree from University of WA and an MBA from London Business School.They join our host, Dr Deborah Devis of The Royal Institution of Australia to discuss this key issue. Find the science of everything at cosmosmagazine.com
Boral is desperate to get to the grocery store but the elements and a treacherous taxi ride may spell doom.