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Sharemarket

Today

Lazard Assest Management portfolio manager Aaron Binsted

Why this top Australian equity manager isn’t betting on banks

Australia’s big four banks bounced in March and April as investors bet that higher interest rates would support margins. Lazard took this as a selling opportunity.

  • 1 hr ago
  • Emma Rapaport
Futures are pointing to a positive start to the week.

ASX up 1.2pc, bank CEO criticises ANZ’s Suncorp deal

Australian shares edge higher. Whitehaven Coal shares jump after rosy earnings guidance. Nuix tumbles on earnings guidance. Follow updates here.

  • Updated
  • Timothy Moore, Richard Henderson, Vesna Poljak, Tom Richardson and Emma Rapaport
RBC Capital Markets' Karen Jorritsma.

ANZ bid for Suncorp Bank ‘a real test’ for regulator

Shareholders should not expect the ACCC to wave through the proposed $4.9 billion acquisition, says Royal Bank of Canada’s equities boss Karen Jorritsma.

  • Tom Richardson
Dive regularly competes in the national whisky tasting championship.

How deja vu helped this fundie avoid the buy now, pay later crash

As speculative pockets of the market boomed during the pandemic, Atlas’ Hugh Dive reminded himself of the lessons learnt from the dotcom crash.

  • Alex Gluyas

Yesterday

The tech sector soared 4.6 per cent as investors took the inflation data to mean central banks may deliver a less aggressive round of rate hikes.

ANZ targets Suncorp Bank, miners headline trading updates

Australian miners will headline a slew of corporate updates next week, as US earnings season hits top gear and investors mull ANZ’s mooted bid for Suncorp Bank.

  • Tom Richardson
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The high valuation of the Porsche IPO is meeting resistance from investors.

Porsche’s $120b IPO pitch shows limits of luxury

‘Porsche isn’t a safe bet in a recession because it’s not as exclusive as Ferrari,’ says Daniel Roeska, an auto analyst at Bernstein.

  • Swetha Gopinath, Monica Raymunt and Aaron Kirchfeld
Software is fast becoming a distinctive part of the decarbonisation economy.

How to use software to eat carbon emissions

The process of carbon-labelling food items and other consumer goods and services will soon be able to draw on the power of software and AI.

  • Kate Howitt
Shares will either plunge 12 per cent or jump 32 per cent, say S&P 500 strategists tracked by Bloomberg.

Fear makes chaos the market’s rational base case

Shares are either poised to plunge further or soar a whopping 30 per cent, depending on who you ask. The chances are that no one is right.

  • Lu Wang and Denitsa Tsekova

This Month

Retail investors are less of a force in the Australian sharemarket.

Retail investors lose sway as pandemic hype wanes

Retail investors are not the force they were at the height of the pandemic because ‘stimulus cheques have stopped, inflation is eating into their savings and they’re going on holiday’.

  • Jonathan Shapiro

Revealed: Only three super funds made money this year

Just three MySuper funds made any money for members over the 2022 financial year, as turmoil in equity and bond markets led to widespread losses across the $3.2 trillion sector.

  • Aleks Vickovich and Lucy Dean
A negative lead from Wall Street.

CBA tips RBA to lift rates 0.5pc in Aug, Sept; shares close lower

Iron ore, copper prices tumble, China’s GDP growth contracts 2.6 per cent on prior quarter. Gold heads for five weeks of losses. WiseTech soars. Follow updates here.

  • Timothy Moore, Tom Richardson, Vesna Poljak, Alex Gluyas and Emma Rapaport
The key is to feel comfortable meeting target income requirements by selling shares.

Why you’ll make more by focusing on a portfolio’s total return

Modelling shows income investors are better off buying for growth and selling where necessary to boost income.

  • James Weir
The post-drought recovery has boosted the earnings of agribusiness giant Elders.

Leaked letter: Farmer’s tweet preceded Bega share price rout

A leaked June 16 Bega letter detailing a deal to pay farmers more for milk raises questions over how brokers came to downgrade it on June 20 as Perpetual sold.

  • Tom Richardson
Andrew Mitchell of Ophir Asset Management

Fundie puts underperforming growth stocks on notice

Ophir’s Andrew Mitchell is on the lookout for earnings landmines. He explains why Praemium is a takeover target, and the opportunity in Omni Bridgeway.

  • Emma Rapaport

Shares gain, Bega sinks; Nomura tips 0.75pc RBA August rate increase

Australian unemployment lowest since 1974 as ABS flags “ongoing labour shortages”. Shares lift, coal prices higher. Lake Resources, Bega dive. Read more.

  • Updated
  • Timothy Moore, Tom Richardson, Vesna Poljak and Emma Rapaport
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Sezzle’s Charlie Youakim and Zip co-founder Larry Diamond.

Zip, Sezzle and the elephants in the room

The market is abuzz over why Zip decided to scrap its Sezzle merger just three weeks after stating that it remained on track.

  • Tom Richardson
Local shares are poised for a muted open after a late round of selling in New York.

ASX closes up 0.2pc, RBNZ lifts rates, US inflation ahead

Australian shares gained modestly ahead of key US inflation data, energy, utilities weigh, ANZ in discussions with KKR about MYOB acquisition, Sezzle dives. Follow updates here.

  • Emma Rapaport, Vesna Poljak, Alex Gluyas, Tom Richardson and Timothy Moore
The benchmark S&P/ASX 200 Index edged up 0.1 per cent, or 4.1 points, to 6606.3.

ASX edges higher, Sezzle, Zip surprise market

Shares added 0.06 per cent as the US Dollar Index reached its highest level in 20 years to shake commodity and sharemarkets.

  • Tom Richardson
Earnings angst and recession chatter kept US investors on the defensive to start the New York trading week.

ASX edges higher; Zip climbs 6pc, Sezzle craters 38pc

The S&P/ASX 200 rose 0.06pc; NAB sees rates at 2.35pc by year-end; Dye & Durham considering walking away from Link deal, Bloomberg reports. Follow updates here.

  • Updated
  • Alex Gluyas, Timothy Moore, Vesna Poljak, Emma Rapaport and Tom Richardson
Utilities were up 29 per cent and energy 24.5 per cent.

Best and worst sectors for FY 2022

Which areas and companies performed most strongly, and what does it mean for your portfolio?

  • Elio D'Amato