On the 3rd of July, the S&P500 index closed at an all-time high 2,996 points. But are equities that expensive? read here
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Equities not so expensive
Christopher Demasi
July 4, 2019
Ahead of the July 4 holiday here in the US the local stock market has closed at a record high. But shares may not be any more expensive on average than they have been over the past decade. Continue…
by Christopher Demasi Posted in Global markets, Market commentary.
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VALUE.ABLE THE PODCAST: EPISODE 16
Roger Montgomery
July 4, 2019
In this episode of Value.Able The podcast Roger identifies what numbers you should look for in a company’s financial statements which will help you determine whether a company is high quality or not. Roger also shares a real-life example with you to assist.
by Roger Montgomery Posted in Podcast Channel.
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Selling one’s labour ain’t what it used to be
Andrew Macken
July 3, 2019
I very much like this time of year because the Bank of International Settlements (BIS) publishes its Annual Economic Report – a frank summary and analysis of the global economy. One of the analyses provided looks at the relationship between unit labour costs (ULC) and Producer Price Index (PPI) inflation – a proxy for the rate of change in the prices received by producers.
Continue…by Andrew Macken Posted in Investing Education.
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Here’s something for bank investors to consider
Stuart Jackson
July 3, 2019
Most investors in Australian banking stocks don’t give much thought to how our banks capitalise their IT expenditure. But it matters, because the way they capitalise this expenditure affects the quality of their earnings base. Continue…
by Stuart Jackson Posted in Financial Services.
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Is there more weakness ahead for discretionary retailers?
Roger Montgomery
July 2, 2019
Since we alerted investors some two years ago that an oversupply of property would ultimately result in a collapse of activity in residential construction, additional nails have been hammered into the fortunes for companies exposed to housing and retailing. Continue…
by Roger Montgomery Posted in Consumer discretionary, Property.
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Tough times for quantitative managers
Tim Kelley
July 2, 2019
Anyone following the financial media will probably know that the going has been tough for active managers recently, with only a smallish minority managing to outperform the market. Continue…
by Tim Kelley Posted in Market commentary.
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Farewell Fiscal 2019, Hello Fiscal 2020
David Buckland
July 1, 2019
As fiscal 2019 has drawn to a close, let’s take a look at the year that was. In sporting parlance, it was definitely “a game of two halves.” Virtually all major indexes declined in the December 2018 half-year, however this proved temporary and the recovery in the June 2019 half-year was quite extraordinary. Continue…
by David Buckland Posted in Market commentary.
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Caltex under the pump
Joseph Kim
July 1, 2019
The 20 June announcement by Caltex clearly caught the market by surprise, let’s look at the evolving landscape in Australian petrol retailing, the competitive dynamics and how this has impacted Caltex’s profit and share price. Continue…
by Joseph Kim Posted in Companies, Consumer discretionary.
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