Pacific Perspectives
BlackRock cuts exposure to Australian shares citing their poor value
BlackRock, the world’s largest asset manager, has cut its exposure to the Australian sharemarket, the latest in a growing list of investment giants fleeing local stocks in favour of more attractive opportunities offshore. The firm,…
Wall Street plunges as recession risks spike
Australian shares are poised to hit a seven-month low to start Tuesday, following heavy losses in New York as recession worries hit growth stocks. ASX 200 futures were down 70 points, or by 0.9 per…
S&P 500 futures are little changed after recession fears triggered a market sell-off: Live updates
S&P 500 futures were relatively unchanged on Monday night after concerns that a recession would hit the U.S. economy sparked a broad sell-off in the market. Futures tied to the S&P 500 hovered around the flatline,…
Handicapping the next move for a stressed bull market
The market’s message and intentions are always worth debating — especially so during an intense pullback, with cacophonous policy headlines and piqued investor emotions animating the action day to day. Here’s an assessment of the…
An Australian perma bear ends retirement as markets turn upside down
Russell Clark was one of the world’s most bearish, and successful, hedge fund operators. After four years, he sees plenty of pain and is back for a second act. Not all big shorts end up…
Myer shares could double if Olivia Wirth gets it right: Morgan Stanley
Myer’s share price could double and investors are underestimating the prospects that the department store could become a powerhouse as it transforms into a much larger retailer with a portfolio of brands. That’s the view…
ASX to rise as investors face uncertain week with tariffs set to start
The Australian sharemarket will open higher after a tumultuous week during which it sold off sharply with investors gripped by uncertainty over the Trump administration’s trade and tariff plans. Tariffs of 25 per cent on…
Top Wall Street analysts are bullish on these dividend stocks
The Trump administration’s tariff policy rattled stocks last week, and uncertainty weighed on the major averages. Amid the ongoing volatility, investors seeking stable returns can consider adding some dividend stocks to their portfolios. The recommendations…
Stocks making the biggest moves midday: Marvell Technology, Amazon, Zscaler, Teladoc and more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares declined 8.2% after the lingerie retailer issued lighter-than-expected guidance for the first quarter. Victoria’s Secret sees revenue coming in between $1.3 billion and…
Renewables logjam hits NSW transmission grid
A large wind and battery project planned by an affiliate of Andrew Forrest’s Squadron Energy has failed to secure access to the transmission grid in a renewable energy zone in NSW even after winning federal…