Dear %%first_name%%,
Today’s story, that this election “miracle” will be good for stocks, has been beaten to the punch by a stock market that instantly added 6% to CBA, 100 points on the All Ords and so on. What the win means for the overall market going forward and what sectors are best and worst placed is the timely subject of my article today.
Three months ago, Paul Rickard nominated 5 great income stocks and in his article today he reports on these. However, Paul thinks equity income stocks have become quite expensive and is increasingly considering opportunities in other asset classes, taking a detailed look at one possible income star for consideration.
And today James Dunn says that with the major banks’ half-year reports all lodged, the extent of the troubles in the industry are clear. Or are they? The problem for bank investors is that this justified reckoning for the industry’s misconduct is coming at a time when revenue growth is almost non-existent, in the face of a housing market downturn. Cutting costs is about the only way at present for banks to show earnings growth.
Also in the Report, Rudi Filapek VanDyck says the dichotomy between a share market that wants to move higher and Australian companies that are unable to provide better profit results continues to show up in FNArena’s daily monitoring of eight leading stockbrokerages. You can read about these 22 downgrades and 7 upgrades in Buy, Sell, Hold: What the Brokers Say.
And finally, in our Hot Stocks today, CMC Markets’ Chief Market Strategist, Michael McCarthy explains why he likes the Big 4 banks, particularly ANZ and CBA.
Tonight, on our Youtube Channel, we’ll be bringing back the Switzer show! The show will be a new addition to our network & will stream on Youtube every Monday night. We hope you can all tune in tonight for our inaugural show with Charlie Aitken, Warren Hogan & Shane Oliver.
Enjoy the read and your week!
Sincerely,
Peter Switzer