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Whitehaven (WHC) FY earnings update
Northern Star (NST) FY earnings update
Audinate Group Limited, a leader in the professional AV industry with its Dante® media networking solution, delivered strong financial results for the year ending 30 June 2024. The stock price fell sharply from $16 to $7.50 after the company issued pre-earnings guidance a couple of weeks that highlighted challenges expected in FY25. The negative sentiment surrounding the outlook overshadowed the robust performance in FY24. Despite the negative outlook, Audinate still managed to achieve a record year of profit and the market has reacted positively today to the earnings update.
The Australian sharemarket saw a solid rise, with the S&P/ASX 200 Index gaining 0.6% (43.1 points) to reach 7869.9, driven by strong performances in industrial and healthcare stocks.
ResMed Inc.(RMD) pioneer innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. Our digital health technologies and cloud-connected medical devices transform care for people with sleep apnea, COPD, and other chronic diseases. and lower costs for consumers and healthcare systems in more than 140 countries.
This week, mega-cap earnings disappoint as investors ask “where’s the revenue”, US economy starts to show cracks and middle east conflict flares up (again)
We advise selling 4% of our portfolio allocation in Woolworths Group Ltd (WOW). The stock has provided an 11% profit, rising from our entry at $30.8 to an exit at $34.2. Given the recent challenges faced by the company, including operational issues and potential management changes, there is uncertainty surrounding the upcoming earnings release. These factors could lead to a revaluation of the stock, making it a prudent time to lock in profits and reduce exposure.
Poor economic data out of the US has started to pile up along with soured sentiment on the Mega-Cap stocks and the AI thematic. We are recommending a 5% allocation to a portfolio protection tool or “short hedge” to buffer the damage from any downside move
The Australian sharemarket experienced broad gains, driven by a positive rebound on Wall Street following inflation data, suggesting the US Federal Reserve may lower interest rates. The S&P/ASX 200 Index rose by 0.8%
This week, Wall Street experienced a sustained decline in tech stocks, marking a tumultuous period for the sector globally.
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