In today’s interview with Sean Aylmer on the Fear & Greed podcast, I discussed the recent Australian share market downturn, driven by U.S. market fears and artificial intelligence (AI) monetisation challenges impacting tech stocks. Notably, there has been a rotation from big tech stocks to small caps, with the Nasdaq down about 9 per cent over the last month, while small cap indices, the S&P 600 and the Russell 2000 have risen by 4-5 per cent. This shift suggests that small caps are faring better amid the AI-driven sell-off. I also shared my market predictions for the upcoming days.  Continue…

by Roger Montgomery Posted in Podcast Channel.

• save this article
• POSTED IN Podcast Channel.

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.

• save this article
• POSTED IN Companies, Property.

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.

• save this article
• POSTED IN Companies, Editor's Pick, Stocks We Like.

While the U.S. presidential campaign is entertaining to watch from afar (and more than a little disturbing this time around), spare a thought for our friends in the U.S. who have to sort through the rhetoric, lies, and assassination attempts to select their leader for the next four years.

Continue…

by Roger Montgomery Posted in Global markets.

• save this article
• POSTED IN Global markets.

In my recent article for Firstlinks, I explore the rising concerns about a potential market correction. Since 2022, I’ve been optimistic about stocks rising despite recession fears and increasing interest rates, based on expectations of positive economic growth and disinflation. Disinflation has historically benefited innovative companies with pricing power. However, investors like Ruffer LLP and Mark Spitznagel now warn of a severe market crash due to shrinking U.S. liquidity. While their warnings merit attention, I believe that positive growth and slowing inflation will continue to support innovative growth companies. Read the full article here for my full insights: What to do about the growing chorus of market correction warnings? Continue…

by Roger Montgomery Posted in Editor's Pick, On the Internet.

• 2 Comments
• save this article
• 2
• POSTED IN Editor's Pick, On the Internet.

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.

• save this article
• POSTED IN Companies.

My prediction, for what it is worth, remains that small-caps should outperform their large-cap brethren, and conditions appear supportive for the share prices of innovative companies with pricing power and growth until the beginning of 2026. Continue…

by Roger Montgomery Posted in Market commentary.

• save this article
• POSTED IN Market commentary.

The Aura Private Credit Income Fund (previously known as the Aura High Yield SME Fund) is celebrating its 7th anniversary today, 1 August 2024. We are delighted by the Fund’s performance since its inception.  Continue…

by David Buckland Posted in Aura Group.

• save this article
• POSTED IN Aura Group.