The reporting season will be a critical test for corporate earnings in Australia, not to mention the prices investors are prepared to pay for a"weak earnings pulse".
Month by month, that's been chiselled down to the current estimate of a meagre 1.6 per cent EPS growth. Alan Tang, a strategist from local stockbroker Morgans, has crunched the numbers and found for every earnings upgrade, there have been seven downgrades. "Unless there is a high likelihood of an upgrade, we prefer to err on the side of caution and take profits where we think prices have run ahead of fundamentals."The big attraction for equities recently — given earnings are waning — has been the fairly generous dividends on offer.
From stocks to bonds, iron ore to bitcoin and Greek banks, the first half of 2019 has seen a global bull market, but can it last economic fundamentals remain weak?"We are in the trough of the cycle, so we are likely to see net earnings downgrades for industrials in the August reporting season," the investment bank said.
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Wall Street slides over disappointing earnings reportsUS stocks retreated from record highs as large companies delivered weak earnings reports and disappointing forecasts.
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Sydney company fuels national appetite for new Australian opera with Oscar and LucindaPeter Carey's award-winning novel is making its stage debut in a new Australian opera premiering in Sydney before travelling to Melbourne and Brisbane. The Adam goodes bigotery started when he bacame Aussie of the yr moranda divine bigot bolt and the other phillistines at the daily shitgraph beat the racist drums and the troglodytes in melb jumped on board Newman whos. Had that much panel beating he looks chinese the worst
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ACCC releases landmark report examining key tech companies | Sky News AustraliaThe ACCC has released a landmark report that examines the impact of social media platforms and search engines on the digital media and marketing space.\n\nCampbell Reid, News Corp Australia's director of corporate affairs, told Sky News he welcomed a shakeup in the sector.\n\n“Now is the time for these tech companies to finally come to the table and create change rather than be forced into it through tough regulation,' he said.\n\nSpeaking with Sky News, Finance Minister Mathias Cormann said it was now up to the government to find a sensible way to address some of the issues raised within the report.\n\nThe Morrison government said it would now set up an advisory body to carry out the recommendations. \n TheCalebBond That content regulation should be extended to sky news. Its right wing opinion masquerading as news. TheCalebBond Define quality local journalism? TheCalebBond Maybe we should put a ban on bullshit artists like sky news.
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