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Weekly Broker Wrap: ASX-listed companies investing in AI; construction industry cost inflation; rising bond yield beneficiaries; and post reporting season small cap ideas
Defensive sectors led a rebound from early lows on Wall Street last night, while cyclicals were carted. Dow down -66. (Available for non-subscribers after 10am)
Call for Sydneysiders to Be Truthful With Contact Tracers Amid 50 New Cases New South Wales (NSW) Chief Health Officer Dr. Kerry Chant has made an impassioned plea for people to be truthful with contact tracers after the premier said the “vast majority” of Sydney’s 50 new CCP virus cases were being obstructive. “We know that everyone is human and makes poor decisions at certain times, but please don’t compound that initial mistake by not telling us the truth the first time,” Chant said. “At the moment, as we’re trying to get ahead of the spread of the virus, we haven’t got ...
-Snap lockdowns to undermine discretionary retail earnings/share prices -Proposed EU-based consumer credit regulations may affect growth for Afterpay/Zip Co -Major rebound in buybacks, special dividends, and return to normal dividend payout ratios on the cards By Mark Story Discretionary retail: Lockdowns tarnish second half earnings Despite the accelerated vaccine roll-out nationally, Jarden sees the real risk of Australia remaining closed for longer, which will likely delay the reopening trade. To reflect snap lockdowns in NSW and Victoria, partial lockdowns in QLD, WA and the NT, plus a gr...
The stocks Yarra Capital will target if investors âfreak outâ Save Share Dion Hershanâs Yarra Capital Management plans to dive into retail and consumer stocks during the coming reporting season, taking advantage of any weakness that emerges as big retailers cycle the spending boom from a year ago. Mr Hershan believes investors could âfreak outâ when they see COVID-19 winners such as food, outdoor leisure, electronics and homewares retailers report negative same-store sales growth or weaker than expected results. Yarra Capitalâs Dion Hershan has a contrarian view ...