Technology leader Microsoft has released its quarterly report beating analysts’ expectations. The company's balance sheet and price surge were largely driven by strong revenue in its cloud computing Azure unit but was well supported by its other service areas. The results for the company's third quarter showed a double-digit growth figure with re...
Going into yesterday's Aussie Inflation figures bond markets were pricing in around a 40% chance of a hike to 0.25% at next Tuesdays RBA May meeting. Most pundits including analysts at the big 4 banks thought this unlikely, with a move in June their predictions. Yesterday's eye watering CPI figure, took the market by surprise coming in at 2.1% f...
Visa Inc. announced its fiscal second quarter 2022 results after the closing bell on Wall Street on Tuesday. The financial services giant topped both revenue and earnings per share estimates, sending the share price higher on Wednesday. The company reported revenue of $7.189 billion in the quarter vs. $6.833 billion estimate. Earnings per ...
The future of the large-cap tech giant and social media platform, Twitter, will be one to watch closely after the Board approved tech billionaire and Tesla CEO, Elon Musk's offer to buy the company. The question remains, is this a positive move for the company and its move into the future? Takeover details Musk’s offer, which has already be...
AustralianSuper and Singtel’s company, Australian Tower Network (ATN), has recently won the auction for Axicom. Early this month, Macquire’s Axicom was looking for buyers and had settled for ATN. Shareholders from both ATN and Axicom signed the $3.5 billion deal early this month. The deal would allow ATN to add around 2000 of Axicom’s ...
US streaming giant Netflix (NFLX) has seen its share price fall spectacularly after regular trading hours as the market released poor quarterly results. The concern for the company and the market concern is the first loss of subscribers in a decade. NFLX’s user base dropped by 200,000 and is expected to drop further by 2 million in the next pe...
Netlfix Inc. reported its latest financial results after the closing bell on Wall Street on Tuesday. The online streaming service company reported revenue just shy of analyst estimates at $7.868 billion in the first quarter vs. $7.929 billion expected. Earnings per share topped expectations at $3.53 per share vs. $2.90 per share expected. ...
It's been a volatile stretch for the stock market. From pandemic-induced sell-offs, record highs in 2021 and a bumpy start to 2022, the market has certainly tested investors' mettle. But when looking for the best stocks, investors should consider long-term performance, not short-term volatility. To help with that, we've compiled the best 5 stocks i...
Coal prices have spiked in recent times due to the energy crunch that has developed in Europe relating to pressures from Russia and Ukraine. Australian Coal companies have been the big beneficiaries of the rise in prices. White Haven Coal (WHC) and New Hope Corporation (NHC) have seen bullish price moves and are currently trading near their 52-week...
BlackRock Inc. reported its first quarter financial results before the opening bell in the US on Wednesday. World’s largest asset manager reported revenue of $4.699 billion, beating analyst forecast of $4.672 billion. Earnings per share also topped analyst forecast at $9.52 per share vs. $8.70 per share expected. ''BlackRock generated $1...
Magellan Financial Group (MFG) has seen a tumultuous 12 months in which the share price has seen a large fall from grace. The large Australian managed funds company has had a myriad of bad announcements and bad news. Resignation from key members of its leadership team and an exodus of cash outflows from investors have caused a large drop in price...
JPMorgan Chase & Co. reported its latest financial results for Q1 before the opening bell on Wall Street on Wednesday. World’s largest bank reported revenue of $30.717 billion in the quarter, narrowly beating analyst estimate of $30.59 billion. Earnings per share fell short of Wall Street expectations at $2.63 per share vs. $2.72 per sh...
Lynas Rare Earths (LYC) has continued its recent momentum by releasing impressive quarterly figures. LYC is a premier Rare Earth mining and production company and the largest outside of China. The companies’ main mining operation is in Kuantan, Malaysia whilst its processing facilities are based in Western Australia. The company also has plans to...
Domain Group encompasses a portfolio of brands that support it to be a leading property marketplace in Australia for consumers, agents and organisations with an interest in the Australian property market. Home buyers often use Domain as an alternative to RealEstate. Domain Holdings, owned by Nine Entertainment, is currently raising $180 million ...
Choosing the right Dividend has always been a mixture or in-depth analysis, market opportunity and a bit of luck the company reaches their financial goals. Below is a breakdown of two stocks that have a sound platform for potential growth. Below there’s a breakdown of the two stocks with analysis brought by Goldman Sachs and Morgans. Harve...