Trending On Livewire: Weekend Edition - Saturday 31st August
The final week of reporting season delivered some absolute humdingers. Mineral Resources, Tabcorp, Kelsian, and NIB Holdings all slumped while Wesfarmers shares fell 4% even though profits were up and management raised the dividend.
Meanwhile, Cettire (ASX: CTT) crashed 20% after admitting the company’s auditor hasn’t signed off on its accounts yet. In fact, the only company that seemed to come out unscathed was Woolworths - and that’s because it’s paying out a special dividend.
It was so crazy that we didn't even have time to talk about NVIDIA! I suspect you'll need a lie down - we certainly do! After you do that, consider joining us at Livewire Live where we'll be discussing this earnings season and much more.
Hans Lee, Senior Editor, Livewire Markets
Buy Hold Sell: 5 solid results the market missed
We've seen some real whiplash market moves this reporting season. Megaport (ASX: MP1) fell 21% in one trading day. Conversely, WiseTech (ASX: WTC) soared more than 18% on its report. But what about the stocks that didn't move, or hardly moved at all - despite releasing solid results? In this episode of Buy Hold Sell, Centennial Asset Management's Matthew Kidman was joined by First Sentier Investors' David Wilson and Medallion Financial's Michael Wayne to analyse three stocks that fit the mould. Plus, they named two companies with solid results that they believe could make major moves in the next few months.
The Rules of Investing: What happened to that recession we were promised?
Despite warnings of an impending recession, it hasn't materialised due to strong economic fundamentals, including low unemployment and reduced inflation. However, risks remain, particularly from high household debt and potential sectoral recessions, leading experts to delay their recession forecasts. Schroders' Sebastian Mullins shares why the current environment is more normal than investors have seen in the past decade and how to invest in it.
The Pitch: The 2 ASX tech companies this investor would hold for the next 5 years
When you think of tech, chances are you think of Silicon Valley. And while Australia’s tech sector may seem like a drop in the ocean given its tiny size, Fidelity’s James Abela is adamant that investors shouldn’t underestimate the potential of Australia's home-grown innovators. In fact, he argues that the breadth and depth in Australian tech opportunities mean you are less subject to concentration risk like that of the US tech sector. In this episode of The Pitch, Abela discusses the opportunities in the ASX tech sector and his two top picks for the next five years.
Top 3 Wires this Week
From our Experts
Some of the best wires from our Contributors this week.
Carl’s Chart of the Week: Uranium bulls shouldn't get too excited about the Kazatomprom production cut
See above my technical analysis chart of the uranium front month futures price (back adjusted) including my short and long term trend ribbons. I peg the uranium price trends as short term down and long term down.
Kazatomprom’s decision to reduce uranium production for 2025 has sparked interest, but the reaction in the market has been muted. According to Morgan Stanley, this cut was anticipated and is unlikely to significantly affect uranium prices due to the company’s large stockpiles.
Despite the short-lived price bump, ongoing weak contracting activity and significant uncertainties, like the U.S. ban on Russian uranium, suggest that the current downtrend may persist, leaving uranium bulls with little to cheer about.
Carl Capolingua, Livewire Markets
MORGAN STANLEY'S URANIUM OUTLOOK
Weekly Poll
We are now at the end of reporting season and would love to know how your portfolio has performed over the last four weeks of earnings results.
How has your portfolio performed during this reporting season?
- Excellent - most of my holdings have outperformed
- Good - plenty of holdings did well but some not so good
- Mixed - half up half down
- Disappointing - plenty of holdings did badly but some were good
- Terrible - most of my holdings performed badly
Last Weeks Poll results
We asked "Should companies that suspend their dividend be punished on the market?"
About 57% of respondents believe companies should face penalties for halting dividends, indicating a strong expectation for accountability among investors. Conversely, 40% don't think such companies should be punished, suggesting a significant portion of investors may prioritise other factors over dividend policies. This divide highlights the varying perspectives on how dividend actions impact market perceptions and investor trust.
Meme of the Week
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