Companies

With REA Group (ASX:REA) due to report full year results on 9 August 2024, it might serve investors to be aware of the company’s recent news in order to filter out that which is already known when the company reports.  continue…

by Roger Montgomery Posted in Companies, Property.

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ResMed (ASX:RMD) reported its June quarter and full year results after the U.S. market closed on Friday morning. The company met consensus expectations for both revenue and earnings.   

ResMed’s revenue rose nine per cent to US$1.2 billion ($1.85 billion) in the last quarter of fiscal 2024, taking quarterly dividends to US$0.53 per share, up 10 per cent. Operating profit was up 38 per cent, and non-GAAP operating profit was up 30 per cent.  continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Stocks We Like.

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The U.S. consumer is experiencing conditions similar to ours. Indeed globally, consumers are now displaying the impact of inflation and the lagged effect of higher interest rates. These are beginning to bite and this is being reflected in consumer purchasing behaviour. continue…

by Roger Montgomery Posted in Companies.

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Today Rio Tinto (ASX:RIO) delivered its first half calendar year 2024 results (1HCY24). The results were largely in line, with an underlying net profit after tax (NPAT) of US$5.75 billion within one per cent of consensus estimates and driven predominantly by Rio Tinto’s copper and aluminium divisions. Both net debt and free cash flow were also in line with expectations.  continue…

by Roger Montgomery Posted in Companies, Stocks We Like.

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In the June 2024 quarter, artificial intelligence (AI) remained the dominant narrative in markets. Companies perceived to be AI beneficiaries have seen their share prices markedly outperform those where the benefit appears less clear in the immediate term.   continue…

by Polen Capital Posted in Companies, Polen Capital.

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After the recent setback in prices from record highs, many investors wonder whether mega-cap U.S. technology company shares continue to slide, dragging down with them the main indices in which they represent a significant proportion, whether they merely underperform non-technology companies or smaller companies, or whether they return to leading a charge higher in both absolute and relative terms. continue…

by Roger Montgomery Posted in Companies, Technology & Telecommunications.

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In July last year, here at the blog, I noted the AI bubble could only become a bona-fide boom if AI is monetised.  

Back then I noted Google’s (NASDAQ:GOOG) “significant strides in the integration and security of artificial intelligence (AI) in their products and services” and Meta’s (NASDAQ:META) plans to incorporate AI text, image, and video generators into Facebook and Instagram, allowing customers to modify their own photos using text prompts and share them on Instagram stories weren’t meaningful in terms of generating additional revenue from existing users. Sure, they might assist users, enhance their experience, and be entertaining, but would they be meaningful enough for users and advertisers to be willing to pay more? The jury was out.  continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.

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With reporting season about to commence, investors are turning their attention to company profits and corporate expectations for 2025, while aiming to uncover those sectors and companies expected to demonstrate real earnings growth. Fluctuations in share prices are frequent and some will be volatile, especially if expectations are missed.  continue…

by Roger Montgomery Posted in Companies.

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Doom-and-gloomers, of which there are many, are the Henny Pennys of the financial world; those who constantly fear the sky will fall in, so warn others of its imminent inevitability. Are there any worth listening to? Perhaps we have found one.  continue…

by Roger Montgomery Posted in Companies, Editor's Pick, Market commentary.

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In mid-2023, the U.S. Department of Energy released its Critical Minerals Assessment, and lithium, nickel and a handful of specific rare earths were highlighted as commodities most critical to the energy transition, and with the highest supply risk.  continue…

by David Buckland Posted in Companies.

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