Pacific Perspectives
Tesla reports revenue growth after two down quarters. Why the stock is falling
Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight periods of declines. However, earnings missed analyst estimates, pushing the stock down about 3% in extended trading. Here’s how the company did…
Stocks making the biggest moves after hours: Netflix, Mattel, DraftKings, Intuitive Surgical & more
Check out the companies making headlines in after-hours trading. Netflix — The streamer dropped more than 4% after it missed Wall Street’s earnings estimates. For the third quarter, Netflix reported adjusted earnings of $5.87 per share. Analysts polled…
‘I left Microsoft to get my hands dirty’: Telstra’s $1.6b bid for AI riches
Telstra has switched on the critical first section of its $1.6 billion national intercity fibre network that will connect Sydney and Melbourne, which the telco says is a major milestone enabling its investors to cash…
ART says it’s sticking with index investing over stock pickers
Australian Retirement Trust, the country’s second-largest superannuation fund, is sticking with index investing because it says picking the winners and losses of the sharemarket is “near impossible”. Speaking at the ISDA conference in Sydney, ART’s…
Why the ASX’s rare earths rally may just be getting started
Fund managers are betting the explosive rally in rare earth stocks has much further to run after the US and Australia agreed to invest $US3 billion ($4.6 billion) in critical minerals projects, with more support…
This week’s critical inflation report comes with a variety of doubts about the data
The September consumer price index report coming out Friday will command full attention from financial markets, even as some investors will view the data with a skeptical eye. With the Bureau of Labor Statistics already under…
The S&P 500 has turned into an AI index. These stocks will help diversify your portfolio in case the trend has a setback
With valuations sky high for artificial intelligence stocks, investors may want to start thinking of a backup plan, according to Trivariate Research founder Adam Parker. The plan includes making a list of diversified stock ideas…
CommSec in bumper profit as surging markets turn into broker boom
Profits at CommSec have risen by more than a third to $155.7 million as the country’s largest online stockbroker benefits from a frenzy of trading triggered by surging and volatile global markets over the last…
AusSuper parts ways with private investment boss Jason Peasley
The country’s largest pension fund AustralianSuper has made the executive in charge of its sprawling property, private credit and unlisted infrastructure investment empire redundant, potentially signalling a major shift in the way the $367 billion industry fund…
Retail investors at risk as they pile into ASX’s hottest stocks
Retail investors have been chasing the sharemarket rally that has pushed the ASX to record levels, snapping up some of Australia’s hottest stocks in the September quarter including DroneShield and some of the lithium producers.…