Pacific Perspectives
What we learnt: Behind the massive share price moves on manic Monday
The big result | The $12 billion plumbing supplies giant Reece has long been beloved by analysts for its ability to churn out consistent revenue growth at strong margins in a mature, no-frills sector. But on…
ASX investors start to look offshore as banks, miners disappoint
Investors are being told to look overseas for equity returns as the ASX 200 Index is expected to have a lacklustre year after billions of dollars have been yanked from Australia’s banking and mining giants.…
S&P 500 closes lower Monday as market’s comeback attempt fizzles: Live updates
The S&P 500 slid Monday as the market failed to bounce back from Friday’s steep sell-off. The broad market index lost 0.5%, closing at 5,983.25. The Nasdaq Composite fell 1.21%, ending the session at 19,286.92. The Dow Jones Industrial Average eked…
Top Wall Street analysts are bullish on these dividend stocks
Dividend stocks provide stable income for investors and enhance the overall returns of a portfolio. However, picking the right dividend stocks from a vast universe of publicly traded companies could be difficult. To this end,…
Secretive Wall Street hedge fund wants Aussie trading talent
In 2018, global hedge fund giant Point72 took out office space on Mona Vale Road opposite the Pittwater RSL on Sydney’s northern beaches. The idea was to set up a base in Sydney and follow…
Private markets dragged out of the shadows by corporate cop
Private markets are predicted to win an even bigger share of investor dollars as the returns on offer from private equity and credit lure more money away from sharemarkets. This presents an opportunity for a…
Why investors should get used to big swings in bank shares
A correction in bank stocks may have further damage to inflict on share prices as analysts contemplate lowering their earnings projections to capture the toll of official interest rate cuts on bank profits. The S&P/ASX…
Resilient stock market finally succumbs to pressure from economic worries and Trump policy flux
A new movie due out next month called “Novocaine” is about a guy unable to feel pain. This is a kind of superpower, right up to the point where it becomes a keen danger, leaving…
Amazon surpasses Walmart in revenue for the first time
Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat Walmart’s sales for the period, which came in at…
Transurban looks to NZ, US after $15m interim net loss
Transurban boss Michelle Jablko says the toll road group is considering opportunities in New Zealand after legal costs ate into interim profits, pushing the company into a $15 million net loss. The New Zealand government…