Dear %%first_name%%,
It’s official, it really is the end of the earnings downgrade cycle. In our special reporting wrap-up issue our resident economist JP Goldman says so, so it must be so. He also believes that factors are pointing to a boost in earnings that will support the recent market rally. I hate to say I told you so but…I did!
Even at the bottom of the cycle, almost half the companies reporting in the interim reporting season, which is pretty much over now, managed to exceed expectations. James Dunn details what happened to The Magnificent Seven – the big four banks, Telstra, Wesfarmers and Woolworths. Finally Penny Pryor looks at how companies are recognising the power of SMSFs when it comes to dividends.
Also in the Switzer Super Report today Roger Montgomery finds out who is winning the couch wars between Nick Scali and Fantastic Furniture and small cap fund manager Eley Griffiths Group reveals some of their secrets behind one of their favourite stocks – The Reject Shop. In our question of the week, Paul Rickard gives his opinion on whether or not the government will intervene when it comes to a Graincorp sale.
Sincerely,
Peter Switzer
Last night on my Switzer program on Sky News Business Channel I spoke to Sinclair Taylor from Westpac about insurance in your superannuation fund. This is something the government wants more SMSF trustees to “think about”.