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WiseTech shares decline amid leadership changes and mixed earnings outlook

WiseTech Global's shares have plummeted over 25% in six months amid an internal review, dropping from $137 to $90, despite a 38% rise in first-half profit and a dividend increase. Analysts remain optimistic, with an average 'Buy' recommendation and a price target suggesting potential gains of up to 70%. However, concerns about governance persist following the resignation of four directors and Richard White's return as Global Executive Chairman.

RBA rate cuts impact on Australian retailers amid cost pressures and earnings results

Cost of living pressures are impacting ASX-listed companies, with Wesfarmers benefiting from the RBA's recent rate cut, although domestic cost challenges persist. Meanwhile, Guzman y Gomez and Inghams report positive sales growth despite economic headwinds, with expectations for improved consumer sentiment as rate cuts continue. Analysts suggest holding Wesfarmers and Inghams stocks, while Guzman y Gomez shows potential for further upside.

us tariffs spark global market volatility and impact australian investors

The US administration's tariffs on Canada, Mexico, and China have triggered retaliatory measures and market volatility, with the Australian dollar hitting a near five-year low. While Australia may remain insulated due to its trade surplus with the US, companies like Fisher and Paykel Healthcare and Cettire face potential impacts, leading to significant stock declines. Analysts suggest a cautious outlook, emphasizing the importance of maintaining perspective amid ongoing trade tensions.

retail data hints at potential interest rate cuts in australia

November's retail trade data in Australia showed a 0.8% month-on-month increase, below the expected 1.0%, raising the likelihood of a February interest rate cut to around 75%. The Black Friday sales boosted retail activity, but analysts warn of challenging conditions ahead, particularly for companies like Myer and Lovisa, which are facing stagnant household activity and cost pressures.

Market Performance Review 2024 ASX Gains Led by Technology and Financial Stocks

The ASX 200 is up over 8% year-to-date as 2024 closes, driven by strong performances in financial stocks, particularly the Commonwealth Bank, which rose 40%. In contrast, the tech sector surged over 50%, while energy and materials faced declines. Looking ahead, forecasts for 2025 vary, with predictions for the ASX 200 ranging from 7900 to 9300 points, influenced by geopolitical developments and potential RBA rate cuts.

sonic healthcare strengthens european presence with strategic acquisition of german laboratory

Sonic Healthcare is set to acquire German medical laboratory group LADR, expected to generate €370 million in annual revenue and €50 million in EBITDA by 2024. This strategic move aims to enhance Sonic's European presence, following recent acquisitions totaling $655 million in the region. Despite a year-to-date share decline of nearly 11%, analysts predict a potential turnaround, with revenue growth surpassing forecasts in early FY25, although rising costs may impact profit margins.
03:17 11.12.2024

big four australian banks face scrutiny over valuations and future growth prospects

The "Big Four" Australian banks are facing scrutiny as analysts warn of overvaluation, particularly the Commonwealth Bank of Australia (CBA), which is trading at a P/E ratio nearly double the long-term average. Despite a strong bullish trend, many experts recommend caution, with predictions of a potential 30% decline in banking stocks next year. Westpac is seen as the best option among the group, while ANZ is favored for its growth potential despite integration risks from its Suncorp acquisition.
01:17 04.12.2024

geopolitical tensions impact markets and highlight asx investment opportunities

Geopolitical tensions, including the Russia-Ukraine war and the Israel-Hamas conflict, are reshaping markets, with the IMF warning of a potential decline in global growth by 2025. Gold has emerged as a safe-haven asset, while oil prices stabilize amid supply concerns. Australian stocks like GrainCorp and DroneShield show varied performance, with analysts maintaining positive outlooks despite recent challenges.
05:28 28.11.2024

retail sector poised for growth ahead of black friday and cyber monday

Retail sales in Australia are projected to surge by $69.7 billion leading up to Christmas, with $6.7 billion expected to be spent during Black Friday and Cyber Monday, marking a 5.5% increase from last year. Consumer sentiment is on the rise, encouraging retailers to enhance their offerings as competition intensifies. Despite some caution in the discretionary sector, companies like JB Hi-Fi and Harvey Norman are positioned to benefit from increased sales, particularly in trending products like robot vacuums.
00:25 20.11.2024
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