REA released its Q1 results on Friday which brokers liked but the market didn’t. The big news was the return of positive listings growth (only 1% but up from -18% in the previous Q) and a gain in market share over Domain. We like REA and while the housing market and NASDAQ goes up so should it. BUY
SUMMARY
ANZ Results – First look. Nothing to really spook the horses. Dividend surprise. Franking drops though.
We are expecting a solid start to the session today given the moves in the US on Friday.
Plenty of economic data this week. US shutdown looms again.
ASX 200 is down 7 points as a positive lead from the US quickly fades. Four sectors are up, two flat and five down. Utilities are the best performers today (not saying much) helped by ORG (+1.7%) which announced a special (conditional) dividend. Financials are the worst as ANZ drags the sector lower on results. CBA is slightly up 0.2%, WBC down 0.4%, NAB the standout up 1.3%. ANZ itself opened dow
The ASX 200 falls 28 points to 6949 (0.4%) in a quiet start to a big week. ANZ results dominated with a small sell-off after missing some targets and dividend franking levels. The Big Bank Basket dropped to
US markets enjoyed a positive night on Friday. Bond yields stabilised during the session and…
SMALL CAP PORTFOLIO 2.45pm Updates Lithium remains on the nose. IVZ falling as more testing…
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