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What valuation do you put on sentiment?
Roger Montgomery
March 18, 2024
Retail stocks were on the nose for some time amid fears of recession, the impact of rising interest rates, the cost-of-living crisis and inflation’s impact on the cost of doing business.
The recent HY24 reporting season, however, revealed much of the fear was misplaced. Aggregate revenue growth tended to beat estimates despite moderating slightly. Meanwhile, even though earnings before interest, tax, depreciation and amortization (EBITDA) margins compressed as the cost of doing business grew, this was somewhat offset by gross profit growth. Companies were able to pass on higher prices and more, and in the face of those price increases, consumers were surprisingly resilient. Continue…
by Roger Montgomery Posted in Companies, Economics.
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Ausbiz – Macquarie Technology (MAQ) a stock to watch
Roger Montgomery
March 22, 2024
by Roger Montgomery Posted in Editor's Pick, Small Caps, TV Appearances.
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Australia’s younger generation will be homeless without their (grand) parents’ assistance.
David Buckland
March 12, 2024
According to CoreLogic, the median dwelling price for Australia is $760,000; the median dwelling price in the eight capital cities (6 States and 2 Territories) is $836,000, ranging from Sydney ($1.122 million) to Darwin ($522,000), whilst the median dwelling price for Australia’s regional towns is $605,000. Continue…
by David Buckland Posted in Economics, Global markets, Property.
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Can an EV spy on you? Don’t worry. Australia isn’t
Roger Montgomery
March 21, 2024
While all fingers are pointing to an Australian politician being guilty of spying against Australia and allegedly for the Chinese, should we also be pointing the finger at Chinese-made electric vehicles (EVs)? Continue…
by Roger Montgomery Posted in Editor's Pick, Technology & Telecommunications.
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Ausbiz – Roger pops the market bubble myth
Roger Montgomery
March 8, 2024
In my recent interview with Ausbiz, I discussed the current state of the stock market and addressed the question of whether it is in a bubble. I noted that the typical euphoria seen in market bubbles is absent and highlighted that both the U.S. and Australian market gains, along with current initial public offering (IPO) trends, do not align with typical bubble indicators. Continue…
by Roger Montgomery Posted in TV Appearances.
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Navigating future rate cuts and long-term investment strategies
Roger Montgomery
March 20, 2024
In this week’s video insight, I discuss the Reserve Bank of Australia’s (RBA) recent decision to maintain current interest rate levels and anticipate the upcoming announcement from the U.S. Federal Reserve (Fed), where no changes are expected. Instead, the focus shifts onto potential indicators regarding future rate cuts. With recent market shifts and economic data influencing expectations, I delve into the broader implications for investors, highlighting the importance of maintaining a long-term perspective amidst short-term economic and financial fluctuations.
Continue…by Roger Montgomery Posted in Economics, Video Insights.
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U.S. stocks have already jumped 10%. Where are the opportunities for 2024?
Roger Montgomery
March 22, 2024
Have you noticed this year’s improvement in market sentiment? Having intimated its possibility throughout 2023, global equities are now demonstrating a broadly robust rise.
Despite economic and geopolitical uncertainty, the Polen Capital Global Growth Fund’s portfolio has also demonstrated striking performance, with expectations for continued success through the cycle.by Roger Montgomery Posted in Insightful Insights, Investing Education.
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The relentless growth of U.S. government debt
David Buckland
March 25, 2024
I was very lucky to attend the Harvard Business School Owner/ Presidents Management program over the three years to 2006. In my class of 100 mature–age students, around half were from the U.S., and the remainder were from several other countries. I know it is a gross generalisation, but it would be fair to say the U.S. students excelled at any “marketing” related case studies but noticeably under-performed in any case studies related to “accounting”. Continue…
by David Buckland Posted in Economics, Foreign Currency.
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Gen Y winning the spending race
Roger Montgomery
March 22, 2024
The latest e-commerce report from Australia Post simultaneously reinforces what we know about the ineffectiveness of monetary policy and recent Commonwealth Bank household spending insights reports.
The headline data from Australia Post reveals Australians reduced their online spending by 1.2 per cent in calendar year 2023, compared to the year before, to $63.6 billion. Continue…
by Roger Montgomery Posted in Economics.
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Here’s why now is the time for small cap stocks
Roger Montgomery
March 27, 2024
2023 saw the largest gap emerge between large-cap companies and small caps since the GFC. The question is, will this gap to close in 2024?
We are optimistic about Australian small caps, anticipating a highly favourable environment and outperformance. That gap offers greater growth than large caps, at relatively more attractive valuations. Continue…
by Roger Montgomery Posted in Small Caps, Video Insights.
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