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Woolworths Group (ASX:WOW), one half of Australia’s supermarket duopoly, just released its full-year results for the 2025 financial year. The numbers painted a picture of significant headwinds and a planned recovery. The results were largely in line with consensus expectations, but the company spelled out a softer-than-anticipated outlook, triggering a sharp sell-off in the stock.

At the time of writing, Woolworths shares have likely made a significant dent in super funds, having fallen to around $29 from more than $33 yesterday. Investors are particularly concerned about declining profits, margin pressures, and challenges in key segments, despite the company highlighting pockets of strength in digital operations and internationally. Continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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When it comes to the artificial intelligence (AI) boom, few events command as much attention as Nvidia’s quarterly earnings calls. With so much riding on the boom enduring, including Nvidia’s $US4.15 trillion market cap, analysts and traders understandably dissect every nuance – from the precise wording of forward guidance to the subtle inflections in CEO Jensen Huang’s voice. They’re looking for clues about whether excitement or caution lies ahead or is presently justified. Continue…

by Roger Montgomery Posted in Companies, Polen Capital, Stocks We Like.

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The equity bull market has been tough for small company stocks and their investors. The current decade started out with promise. After the short, sharp pandemic bear market in 2020, small cap stocks significantly outpaced the tech-fuelled S&P 500 Index during the post-pandemic bull market ending in December 2021. This was partly because the artificial intelligence (AI)-Tech darlings hadn’t garnered the momentum and euphoria required to concentrate flows of capital and drive the media narratives that produced their immense popularity and stock-market leadership. Continue…

by Roger Montgomery Posted in Small Caps.

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You might not like the man or his personality, but I wonder whether a new brand of capitalism and a new brand of government are emerging that prioritise the greater good. Continue…

by Roger Montgomery Posted in Market commentary.

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Over the weekend, many Australians took to the streets to raise awareness about the adverse consequences and costs of Australia’s current migration policy. Those marches were peaceful, except, of course, in Victoria (where the government has legislated, or seeks to legislate, working from home and stealing from Woolworths, Bunnings, and Coles). Unfortunately, a radical element has grabbed the headlines, but setting those headlines aside, it is worth noting that the current architects of Australia’s migration policy have MPs who agree the system is broken and failing to deliver for Australia. Continue…

by Roger Montgomery Posted in Market commentary.

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As we have previously reported, Tuas Ltd (ASX:TUA) is a rising star in the telecommunications sector. The company continues to solidify its position as a formidable player in Singapore’s competitive telecom market. Broker Peloton Capital has also been following the company closely and recently reported on a major acquisition. Continue…

by Roger Montgomery Posted in Companies, Technology & Telecommunications.

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In April this year, as U.S. equity markets fell – dragged down by Trump tariff headlines and inflation fears – long bond yields, arguably, should have declined as investors fled to safety. At first, the 10‑year Treasury yield dipped to 3.86 per cent on April 4, but by April 9, rather than continuing to fall, yields surged, with the 10‑year up to around 4.50 per cent and the 30‑year jumping 54 basis points – breaking the usual inverse correlation between stocks and bonds. Continue…

by Roger Montgomery Posted in Economics, Market commentary.

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A recent article in the Wall Street Journal captivated me with its blend of betrayal, eccentric characters, the contrast between opulence and collapse, and the modern-day parable of a crypto catastrophe. In addition to its spellbinding narrative, it reminded me of my mother’s advice to make your friends before you make your money. Continue…

by Roger Montgomery Posted in Investing Education.

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Outgoing U.S. Federal Reserve Chair Jerome Powell’s recent remarks have sparked debate. Speaking at the National Association for Business Economics conference on October 14, Powell hinted that the Federal Reserve’s (the Fed) long-running quantitative tightening (QT) program – its methodical unwinding of the balance sheet bloated by pandemic-era stimulus – may be “coming into view” for an end.

While perceived as a relief for many equity investors, halting QT might not actually be the good news equities investors are hoping for. Continue…

by Roger Montgomery Posted in Foreign Currency, Global markets.

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With the U.S. stock market hovering at levels some describe as ‘stretched’, economic indicators are flashing mixed signals, prompting some observers to raise the spectre of stagflation – a toxic brew of stagnant growth and persistent inflation. Continue…

by Roger Montgomery Posted in Market commentary.

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