Home Depot (NYSE:HD) reaffirmed its financial guidance for the 2023 fiscal year. This included a sales decline of between 2% and 5%, an operating margin of between 14.0% and 14.3% and an earnings-per-share (EPS) decline of between 7% and 13%.
A positive mood on Friday lifted the benchmark Australian index, the S&P/ASX 200 (INDEXASX: XJO), by 92.5 points, or 1.3%, to 7,279 points, in its best day since July. That helped push the index to a 1.7% rise for the week.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +1.29% to 7279.
The Australian August job report blew expectations out of the water, with 64,900 jobs created in the month, well above the 23,000 anticipated by economists.
Ultimately, these events shifted the outlooks for overall demand and supply, in turn having impacts on the three drivers of equity market returns: the profit outlook, interest rate outlook and risk premiums.
There really isn’t a “secret sauce” behind these stories – it is purely a matter of scouring the market for companies displaying solid fundamentals (which we define as our “Golden Rules”), and then allowing these businesses to compound both earnings and cash flows over many, many years.
A tech slide dragged the ASX indices lower on Wednesday, ahead of the US inflation data coming in overnight.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down +0.74% to 7153.90.
The Qantas Airways Limited (ASX:QAN) share price is down after the airline lost its High Court appeal about workers it sacked during COVID.
Home Depot (NYSE:HD) reaffirmed its financial guidance for the 2023 fiscal year. This included a sales decline of between 2% and 5%, an operating margin of between 14.0% and 14.3% and an earnings-per-share (EPS) decline of between 7% and 13%.
A positive mood on Friday lifted the benchmark Australian index, the S&P/ASX 200 (INDEXASX: XJO), by 92.5 points, or 1.3%, to 7,279 points, in its best day since July. That helped push the index to a 1.7% rise for the week.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +1.29% to 7279.
The Australian August job report blew expectations out of the water, with 64,900 jobs created in the month, well above the 23,000 anticipated by economists.
Ultimately, these events shifted the outlooks for overall demand and supply, in turn having impacts on the three drivers of equity market returns: the profit outlook, interest rate outlook and risk premiums.
There really isn’t a “secret sauce” behind these stories – it is purely a matter of scouring the market for companies displaying solid fundamentals (which we define as our “Golden Rules”), and then allowing these businesses to compound both earnings and cash flows over many, many years.
A tech slide dragged the ASX indices lower on Wednesday, ahead of the US inflation data coming in overnight.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down +0.74% to 7153.90.
The Qantas Airways Limited (ASX:QAN) share price is down after the airline lost its High Court appeal about workers it sacked during COVID.
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