Consumer discretionary
-
Is investing in a furniture retailer ahead of a recession a bad idea?
Roger Montgomery
May 26, 2023
While stocks have climbed the proverbial wall of worry, most investors are anticipating a recession either later this year or in the first half of 2024. Such is the extent of recessionary expectations, derivative investors are predicting at least three rate cuts from the U.S. Federal Reserve or just over 100 basis points of cuts to the Fed Funds rate. continue…
by Roger Montgomery Posted in Consumer discretionary.
- save this article
- POSTED IN Consumer discretionary
-
Not safe to re-enter still shark-infested (retail) waters
Roger Montgomery
May 24, 2023
Since rates commenced rising, we have been tracking the consumer closely, waiting for the inflection point where inflation and higher mortgage commitments meet the end of government financial support and savings dry up. continue…
by Roger Montgomery Posted in Consumer discretionary.
- save this article
- POSTED IN Consumer discretionary
-
Is the Future of E-Commerce Still Bright?
Polen Capital
April 6, 2023
Three years ago, in March 2020, the head of the World Health Organization declared the COVID-19 outbreak a global pandemic. Immediately after, entire nations went into lockdown, upending life as we knew it. Amid the health crisis, people adapted to the “new normal” by adjusting their lifestyles and developing new habits. Fast forward to today, we can see that several trends which emerged during the pandemic were quick to fade, while others are likely to have long-lasting implications in the post-pandemic era. continue…
by Polen Capital Posted in Consumer discretionary, Polen Capital.
- save this article
- POSTED IN Consumer discretionary, Polen Capital
-
Hardly normal conditions for Harvey Norman
Roger Montgomery
March 6, 2023
For big-ticket household items, established retailer Harvey Norman (ASX:HVN) is a bellwether company, offering insights into consumer behaviour and retail conditions, particularly in Australia. The company recently released its first-half results, and reactions were mixed. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
A tough road ahead for consumer discretionary businesses
David Buckland
March 2, 2023
In late-2022 Australian household deposits were $175 billion above trend, and this “extra cash” was largely in the hands of the 65+ years of age cohort. After many years of financial repression, these older Australians will enjoy earning a more reasonable return on their spare cash. continue…
by David Buckland Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
WHITEPAPER
ARE WE THERE YET? WHAT TO DO WHEN THE BOTTOM OF THE MARKET IS UNKNOWN
Roger Montgomery’s latest whitepaper is now available. It explores the challenges of investing when no one knows whether equity markets have reached the bottom of the latest volatility cycle. The paper offers a framework to help you navigate today’s market and invest in quality, profitable companies with growth potential.
READ HERE -
Just how bad will the consumption slowdown be?
David Buckland
February 27, 2023
Continuing to explore the breadth of the expected slowdown in consumption, granular analysis of the Australian Prudential Regulatory Authority (APRA) monthly deposits and the RBA’s October 2022 Financial Stability Review, the following data is worth highlighting. continue…
by David Buckland Posted in Consumer discretionary.
- save this article
- POSTED IN Consumer discretionary
-
Adairs sheets home the blame for its poor HY23 result
Roger Montgomery
February 21, 2023
If you needed more convincing that Australia’s retailers are doing it tough, take a look at the HY23 result from manchester and homewares retailer Adairs (ASX:ADH). ‘Weak’, ‘disappointing’, ‘a miss’. That’s how various commentators described the result. But with the share price already in the doldrums, and the company paying an attractive dividend, the market seemed none too concerned. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
JB Hi-Fi’s result tells us the consumer slowdown has already begun
Roger Montgomery
February 15, 2023
Consumer electronics and home appliances retailer, JB Hi-Fi (ASX:JBH), has just released its first-half results for FY23. For the six months to December 2022, there was a lot to like. But sales figures for January paint a picture of a more cash-strapped consumer and, by extension, a slowing economy. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
- save this article
- POSTED IN Companies, Consumer discretionary
-
Nick Scali is the latest retailer hit by the consumer pull-back
Roger Montgomery
February 10, 2023
On first blush, the much-anticipated consumer slowdown does not appear to have impacted Nick Scali (ASX:NCK), which reported half-year 2023 results earlier this week. But delving more deeply into the trading update reveals a different story. continue…
by Roger Montgomery Posted in Companies, Consumer discretionary.
-
Why our small companies fund is underweight the retail sector
Roger Montgomery
November 21, 2022
It’s a tough time to be a retailer, what with increasing interest rates, fuel and energy costs putting a squeeze on consumer spending. And some retailers are particularly adversely affected. Which is why investors need to be highly selective – especially when it comes to buying shares in consumer discretionary businesses. continue…
by Roger Montgomery Posted in Consumer discretionary.
