With 41 per cent of S&P 500 companies having reported their actual results as of Friday, the tally so far appears to be more optimistic than anticipated. Here’s a breakdown of the scorecard so far, as presented by Factset. 

The earnings season has kicked off with a robust start:  Continue…

by Roger Montgomery Posted in Global markets, Market commentary.

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• POSTED IN Global markets, Market commentary.

Last week, I had the pleasure of participating in the InvestmentMarkets July webinar series. I joined Angelina Wu to provide an overview of the current investment markets, highlighting key trends and economic indicators. I discuss the opportunities in small cap investments, both domestically and globally, and offer a recap of private credit and the potential benefits it holds for investors.

You can watch the full webinar recording here: Continue…

by Roger Montgomery Posted in Investing Education, Talks.

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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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In yesterday’s interview on ausbiz, I discussed the growing influence of music streaming services, particularly highlighting Spotify’s (NYSE:SPOT) leading position in the market. We delved into how Spotify’s ad-free, premium offerings have bolstered its appeal, leading to a substantial increase in both market share and subscriber base, despite rising prices. I also emphasised the importance of return on equity (ROE) as a critical metric for investors, demonstrating how companies like Spotify and REA Group (ASX:REA) leverage their ability to charge premium prices to sustain strong competitive advantages. These insights provide a valuable perspective for understanding the dynamics that drive stock performance and market leadership in today’s digital economy. 

You can watch the full interview here: Ausbiz – Spotify soars like a Swift hit!

by Roger Montgomery Posted in TV Appearances.

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Patience is a virtue in the investment world. It can take two to three years, or even longer, for sentiment to shift the full 180 degrees from bearish to unbridled optimism. This is because scepticism, an uneven distribution of information, and inertia ensure the path to enthusiasm is not instant but takes time. This slow shift is a normal part of the investment and market narrative, and understanding this can bring a sense of reassurance and calm to investors. Continue…

by Roger Montgomery Posted in Editor's Pick, Small Caps.

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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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