Dear %%first_name%%,
In Charlie Aitken’s article today, he looks at the biggest company in the world, Microsoft (MSFT), a classic example of a dominant business that’s actually increasing its dominance. The so-called “moat” around Microsoft’s business is expanding and leading to margins expanding, profit growth and returns to shareholders accelerating in the form of dividends and buybacks. Charlie examines Microsoft’s standout results from US reporting season.
In his article today, Tony Featherstone asks and answers the question: Is it the time to buy emerging markets? The MSCI Emerging Markets Index is full of billion-dollar companies such as Samsung Electronics, Tencent Holdings and Alibaba but Emerging Markets is still a risky asset, though its risk profile has changed as Asian countries rapidly industrialise and giant companies emerge.
In Buy, Hold, Sell – What the Brokers Say, 11 companies have been downgraded and 6 companies upgraded by stockbrokers this week, with three downgrades and one upgrade for Domain Holdings (DHG).
And in Questions of the Week, Paul Rickard answers readers’ queries about losing franking credit refunds, Bubs Australia (BUB) and a model ETF portfolio.
This is your last chance to claim complimentary tickets to the Switzer Investor Strategy Day in Melbourne and Brisbane next week. Click on the event you would like to attend below:
And tomorrow, Paul Rickard will be joined by FNArena’s Rudi Filapek-Vandyck for our latest webinar to discuss investing under either a Shorten or Morrison Government. Click here to register.
Talk to you Saturday!
Sincerely,
Peter Switzer