Morgans 40 under 40 Series

Morgans Executive Series

A daily bulletin featuring an overnight sharemarket summary and economic news from across the globe, broadcast in the Morgans studio before the Australian stock market opens each morning.

Morgans AM: Your pre-market briefing

Michael Knox, Morgans Chief Economist

Morgans Conversations is a collection of short interviews with company executives.

Morgans Conversations

Alex Waislitz joins Chris Titley to chat about Thorney Technologies (ASX:TEK). TEK has just >$20m and Alex explains the recent performance, why they raised capital, and the outlook on particular sub-sectors within the technology sector. Alex also gives his macro views on the market in general.

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Morgans Conversations: Alex Waislitz, Chairman of Thorney Technologies

Anthony Noble is today’s guest on Morgans Conversations. Anthony is the newly appointed CEO of ASX listed Fiji Kava. Fiji Kava is a medicinal Noble kava company based in Australia, providing a natural solution to calm and soothe nerves, support muscle relaxation, increase mind relaxation and induce sleep. In this episode, Anthony talks about his background and why he joined as CEO, the use cases for Kava, the outlook for the industry as well as why mental health, sleep and wellness are front of mind during and post a global health pandemic.

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Morgans Conversations: Anthony Noble, CEO of Fiji Kava

Morgans’ power sector analyst, Max Vickerson, speaks with Simon Kidston (Executive Director) and James Harding (CEO) of Genex Power. They discuss the major construction milestones for Kidston Pumped Hydro, the Bouldercombe Battery Project, and M&A trends in the renewable energy sector.

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Morgans Conversations: Genex Power(ASX:GNX): Simon Kidston ED and James Harding CEO

Morgans Analyst Nick Harris talks with Sovereign Cloud Chair, Cathie Reid & MD, Phil Dawson.

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#Cloudstorage #Cloud #Data

Morgans Conversations: Cathie Reid, Chair & Phil Dawson, MD of Sovereign Cloud (ASX:SOV)

Equity Strategist’s Andrew Tang and Tom Sartor run through the key themes from reporting season including the outlook for dividends, how to play the re-opening trade, and identifying tactical opportunities in resources.

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#Reportingseason #Dividends #Trade #Resources

Reporting Season Aug '21: Scorecard review

Max Vickerson, Analyst at Morgans, discusses PTB Group (ASX:PTB), an addition to our Morgans Best Ideas (September 2021).

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#Stocks #Investment #Returns #PTB

Morgans Best Ideas: PTB Group (ASX:PTB)

Morgans Best Ideas are those stocks we think offer the highest risk-adjusted returns over a 12-month timeframe supported by a higher-than-average level of confidence. They are our most preferred sector exposures. This month we add PTB Group and Moneyme. Equity Strategist Andrew Tang explains why.

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#Returns #Shares #Stocks

Morgans Best Ideas: September 2021

High prices for Australian metals and farm exports will generate higher living standards, and lower unemployment over the next three years.

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#Economy #Trade #Resources

The Australian economy enters a world trade boom: Michael Knox, Morgans Chief Economist

Dow and S&P500 extended their decline into a fourth straight session overnight  - Dow down -152-points or -0.43% . The broader S&P500 settled -0.46% lower. Real Estate (down -2.12%) was the worst performing primary sector. The Financials sector (up +0.25).  Ford Motor (down -2.07%) announced that it is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as Chief Executive Officer Jim Farley restructures the automaker’s operations as part of a turnaround plan. the actions will cost about US$2B, including pretax special charges of about US$600M in 2021 and US$1.2B in 2022. The Nasdaq eased -0.25%, registering back-to-back losses for the first time since mid-August.  The small capitalisation Russell 2000 dipped -0.03%.

Morgans AM: Friday, 10 September 2021

Heath Sharp CEO of RWC discussed FY21 post results update to the Morgans network.

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#RWC #Construction #Waterflow

Reliance Worldwide Corporation: (ASX:RWC) Heath Sharp, CEO

The Dow and S&P500 snapped a five session losing streak  - Dow up +262-points or +0.76%, with 23 of the indice’s 30 components advancing . The broader S&P500 added +0.23%. Energy (up +2.94%) led eight of the eleven primary sectors higher. Health Care (down -0.61%) was the worst performing primary sector overnight. The Nasdaq dipped -0.07%, extending its decline into a fourth consecutive session. Apple Inc added +0.39% ahead of its annual product launch event tonight AEST, where the company is expected to unveil its iPhone 13 line-up as well as new smartwatches, headphones and possibly more. Separately, Epic Games has filed an appeal to last Friday’s (13 September) ruling in its lawsuit against Apple, calling on a higher court to re-examine the case and overturn the judge’s ruling. Few details were provided about the legal basis for Epic’s appeal, but it is likely to continue to press on the federal antitrust allegations dismissed by the court. The small capitalisation Russell 2000 up +0.59%. In merger and acquisition (M&A) news, Intuit Inc (down -1.76%) announced that it will acquire email marketing company Mailchimp for US$12B in cash and stock.

Morgans AM: Tuesday, 14 September 2021

The US is considering big hikes in corporate tax rates in the coming weeks.  Will the market take fright? Michael Knox Morgans Chief Economist.

US corporate tax increases: Michael Knox, Morgans Chief Economist

US equity markets rebounded, buoyed by some solid economic data and fresh gains on crude markets - Dow up +237-points or +0.68% . The broader S&P500 gained +0.85%, with Energy (up +3.82%) leading ten of the eleven primary sectors higher. Utilities (down –0.15%) was the only primary sector to close in the red. Gaming companies were under pressure, tracking falls on the Hong Kong market following news of a move by the Chinese government to increase oversight on the casino industry.  MGM Resorts International dropped -2.49%, Las Vegas Sands Corp -1.71% and Wynn Resorts Ltd -6.30%. The Nasdaq +0.82%, marking the technology-centric index’s best day since 30 August. Microsoft Corp gained +1.68% after announcing a dividend increase and a sizable US$60B share repurchase program. The small capitalisation Russell 2000 rose +1.11%.

Morgans AM: Thursday, 16 September 2021

Dr Asher Freilich, CEO and founder of the online scripts business InstantScripts explains how concept evolved into a rapidly growing operation with big plans for the future.

Under the microscope: Instascripts -  Dr Asher Freilich, CEO and founder

US equity markets retreated to close out a volatile week of trading, with Friday night (17 September) a “quadruple witching” session - the simultaneous expiration of individual stock options, stock-index options, stock-index futures and single-stock futures – which brought some additional volume and volatility - Dow fell -166-points or -0.48% . The broader S&P500 lost -0.91% to 4,432.99, with the index slipping below its 50-day moving average of ~4,436.37 for the first time since 18 June. Materials (down -2.06%) led ten of the eleven primary sectors lower, with Utilities (down -1.59%), Information Technology (down -1.52%), Communication Services (-1.27%) and Industrials (-1.05%) all down over >1%. Health Care (up +0.07%) was the only primary sector to eke out a gain.  The Nasdaq -0.91%. The small capitalisation Russell 2000 edged +0.18% higher.

Morgans AM: Monday, 20 September 2021

US equity markets began the week deeply in the red as investors continued to flock to the sidelines in September amid several emerging risks for the market. The Dow Jones lost -614.41 points, or -1.8%, to 33,970.47 for its biggest one day drop since July 19. The 30-stock average was down 971 points at one point during the day. The S&P 500 fell -75 points or -1.7% to 4,357.73, posting its worst daily performance since May 12. It was a broad sell-off with each of the main 11 sectors of the benchmark registering losses. The tech-heavy Nasdaq Composite dropped -2.2% to 14,713.90. The small capitalisation Russell 2000 down -2.44%.

Morgans AM: Tuesday, 21 September 2021

US equity markets fought to rebound from Monday’s rout, but failed as the Dow Jones trended lower for most of the session and closed in the red. The Dow Jones lost -50.63 points, or -0.15%, to 33,919.84. The S&P 500 shed about 0.1% to 4,354.19, following its worst day since May on Monday. However, the Nasdaq Composite rose 0.2% to 14,746.40 as investors bought some major tech shares like Apple on the dip. The small capitalisation Russell 2000 up +0.18%.

Morgans AM: Wednesday, 22 September 2021

US equity markets rallied on Wednesday after the Federal Reserve indicated it doesn’t see an imminent rollback of the monetary stimulus that has been supporting the economy throughout the pandemic. The Dow Jones advanced +338.48 points, or 1%, to 34,258.32, snapping a four-day losing streak. However, the blue-chip Dow closed well off its high, as it jumped 520 points earlier in the day. The S&P 500 added +41.45 points or nearly 1% to 4,395.64 amid a 3.2% jump in the energy sector. The index also posted its first positive day in five. The Nasdaq Composite gained 1% to 14,896.85. The small capitalisation Russell 2000 up +1.48%.Commodity-related stocks led the comeback Wednesday as fears eased about ripple effects from Evergrande. Devon Energy surged 6.8%, while APA jumped nearly 7.2%. Diamondback Energy, Hess and Marathon Oil all popped more than 5%. China-exposed Wynn Resorts bounced about 2.6%.FedEx shares fell again tumbling more than 9% after profit fell at the logistics company last quarter because of rising labor costs. FedEx also cut its forecast for the full year.

Morgans AM: Thursday, 23 September 2021

We think Chinese currency regulation is a firewall for the world against the Chinese domestic crisis. We also think iron ore prices should recover after February next year. Michael Knox discusses his views with the Morgans network.

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#Currencies #China #Building

Will Evergrande cause a global financial crisis?: Michael Knox, Morgans Chief Economist

US markets rose for a third straight session on Friday, clinching weekly gains despite uncertainty over the fate of indebted property giant China Evergrande Group. The Dow gained +33 points, or +0.10%, to 34,798. The broader S&P 500 edged +0.15% higher and the Nasdaq ticked down just -0.03%. The small capitalisation Russell 2000 fell -0.49%. For the week, the Dow was up +0.60%, the S&P 500 gained +0.50% and the Nasdaq was near flat.

Morgans AM: Monday, 27 September 2021

Damien Bird from Investor Relations provides an update to the Morgans network.

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#Packaging #Food #ASX

Amcor (ASX:AMC): Damien Bird, VP Investor Relations

The Australian economy will accelerate out of this shutdown with very strong growth in 2022. Michael Knox discusses with the Morgans network.

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#Economy #GDP #Employment

GDP and jobs in the face of shutdown: Michael Knox, Morgans Chief Economist

US equity markets posted a modest rebound overnight a day after the S&P500 booked its worst daily percentage decline (-2.04%) since 12 May despite longer dated US Treasury yields climbing for a seventh straight session - Dow rose +91-points or +0.26%. Boeing Co rose +3.18% after winning a follow-on contract from the US Department of Defense valued at up to US$23.8B to provide services to a fleet of C-17 Globemaster III transport aircraft over a 10-year period. Separately, Boeing’s 737 MAX test flight for China’s aviation regulator was successful last month and the planemaker hopes a two year grounding will be lifted this year, according Boeing China President Sherry Carbary. The broader S&P500 edged +0.16% higher, with the more defensive Utilities (up +1.30%), Consumer Staples (+0.87%) and Health Care (+0.77%) sectors leading the rebound. Materials (down -0.39%) and Information Technology (-0.10%) were among the worst performing primary sectors overnight. The Nasdaq slipped -0.24%, booking its fourth straight session decline as a broader rebound faded in the closing hour of trading.  The small capitalisation Russell 2000 eased -0.20%.

Morgans AM: Thursday, 30 September 2021

US equity markets fell sharply amid volatile end-of-month and quarter rebalancing activity and as inflation concerns continued to weigh on sentiment - Dow dropped -547-points or -1.59% . Boeing Co fell -2.41% despite a broker (Bernstein) upgrade, while Goldman Sachs Group Inc fell -1.78% and Home Depot Inc -2.57%.  The broader S&P500 lost -1.19%, with Industrials (down -2.11%) leading all eleven primary sectors lower overnight. Eight primary sectors recorded declines of over >1%.  The Nasdaq -0.44%. The small capitalisation Russell 2000 fell  -0.94%.  In merger and acquisition (M&A) news, Merck & Co Inc (up +0.03%) struck a deal to buy drugmaker Acceleron Pharma (down -1.86% at US$172.10) for US$180 per share in cash or US$11.5B. It had been reported earlier this month that Acceleron was close to a sale agreement, and reports earlier this week had named Merck as the suitor.

Morgans AM: Friday, 1 October 2021

US equity markets kicked off October with solid gains as news of a new oral treatment for Covid-19 boosted shares of companies tied to the economic recovery - Dow gained +483-points or +1.43% . The broader S&P500 rose +1.15%, with Energy (up +3.30%) leading ten of the eleven primary sectors higher. Communication Services (up +1.78%), Materials (+1.60%), Financials (+1.59%), Information Technology (1.44%), Industrials (+1.41%) and Real Estate (+1.04%) all climbed over >1%. Utilities (down -0.04%) was the only sector to close in the red as the more defensive sectors generally underperformed last Friday (1 October). The technology-centric Nasdaq rose +0.82%, snapping a five session losing streak.  The small capitalisation Russell 2000 +1.69%.

Morgans AM: Monday, 4 October 2021

US equity markets retreated amid a fresh rotation out of technology stocks amid rising bond yields - Dow lost -324-points or -0.94%. Merck & Company Inc rose +2.09%, building on an +8.37% gain in last Friday’s (1 October) session after the pharmaceutical major and partner Ridgeback Biotherapeutics said their oral antiviral treatment for COVID-19 reduced the risk of hospitalization or death by 50% for patients with mild or moderate cases. Merck is now planning to submit an application for an emergency use authorization for the treatment from the Food and Drug Administration and will also seek it from other regulatory bodies around the world.  The broader S&P500 shed -1.30%, taking the index more than halfway to an official correction (defined as drop 10% from their most recent high). Information Technology (down -2.36%) and Communication Services (-2.11%) leading eight of the eleven primary sectors lower. The Energy sector (up +1.63%) was the leading primary sector performer, tracking strong gains on crude markets. Exxon Mobil Corp rose +1.30% and Conocophillips +1.98%. The Nasdaq lost -2.14%. Facebook Inc shed -4.89%, logging the worst single-day percentage decline since a -5% fall on 9 November, 2020 following a national broadcast of a whistleblower’s allegations that the social media network placed profits before safety. The social media’s woes were further compounded by a widespread outage of Facebook services, including Instagram and WhatsApp. Separately, Facebook filed a motion to dismiss the Federal Trade Commission’s amended antitrust lawsuit against the company, saying the agency’s complaint still lacked evidence Facebook violated antitrust laws. Elsewhere among major technology names, Apple Inc fell -2.46%, Amazon.com Inc -2.85%, Microsoft Corp -2.07% and Nvidia Corp -4.87%. However, Tesla Inc rose +0.81% after the company announced over the weekend that it had delivered 241,300 electric vehicles during the third quarter of 2021, topping analysts forecasts for the delivery of around 221K.  The small capitalisation Russell 2000 lost -1.08%.

Morgans AM: Tuesday, 5 October 2021

US equity markets rallied despite surging energy prices intensifying inflationary pressures, sending Treasury yields higher  - Dow up +312-points or +0.92%. Goldman Sachs Group Inc gained +3.12% as Treasury yields continued to climb. The broader S&P500 gained +1.05%, with Financials (up +1.77%), Communication Services (+1.59%), Information Technology (+1.46%) and Industrials (+1.10%) all climbing over >1% to lead nine of the eleven primary sectors higher. Real Estate (down -0.86%) and Utilities (-0.19%) were the only primary sectors to close in the red. The Nasdaq +1.25%, with Netflix Inc rallying +5.21%, Amazon.com Inc +0.98%, Apple Inc +1.42% and Google parent Alphabet Inc +1.77%. Facebook Inc (up +2.06%) rebounded from a -4.89% slide in the previous session (the worst single-day percentage decline since a -5% fall on 9 November, 2020) following a national broadcast of a whistleblower’s allegations that the social media network placed profits before safety and after widespread outages of Facebook services. The small capitalisation Russell 2000 added +0.49%.

Morgans AM: Wednesday, 6 October 2021

Our Model of the US oil price is based on EIA oil stocks,  and the pause announcement.
The chance of the pause announcement having no impact on the oil price is 2 chances in 10,000.
Michael Knox Morgans Chief Economist discusses with the network.

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#Oil #Commodities #Economy #Biden

Biden’s oil and gas lease pause, adds $US 13.00 per barrel to West Texas intermediate grade.

US equity markets closed a volatile week little changed on Friday night AEST (8 October) after another underwhelming jobs report left many investors scratching their heads - Dow dipped -9-points . The broader S&P500 slipped -0.19% despite a +3.13% gain for the Energy sector that lifted Exxon Mobil +2.51%, Chevron Corp +2.24% and Conocophillips +4.77%.  R eal Estate fell -1.12% to lead nine of the eleven primary sectors lower. Goldman Sachs chief U.S. equity strategist David Kostin said in a note to clients that his year-end S&P 500 price target for 2021 is still 4,700, which is nearly 7% above its current level. The Nasdaq eased -0.51%. The small capitalisation Russell 2000 fell -0.76%.

Morgans AM: Monday, 11 October 2021

US equity markets closed in the red for a third straight session, with selling again picking up into the close and with investors eying some key economic and corporate earnings releases tonight AEST - Dow down -143-points or -0.42%. Boeing Co (down -1.27%) reported that airplane deliveries rose to 35 in September following an uptick in domestic travel, albeit its 787 programme remains hobbled by structural defects.  The broader S&P500 lost -0.37%, with Communications Services (down -1.05%) and Information Technology (-0.51%) leading six of the eleven primary sectors lower. American Airlines Group Inc rose +0.79% after forecasting a smaller-than-expected adjusted net loss for the third quarter.  Real Estate was the best performing primary sector overnight with a +1.34% rise.  The Nasdaq dipped -0.05%. Apple Inc declined in extended trading following a Bloomberg News report that the company will likely cut iPhone 13 production by up to 10M phones in 2021, following the company’s forecast of making 90M earlier in the year, because of the ongoing global chip shortage. Broadcom Inc (down -1.43%) and Texas Instruments Inc (-2.53%) also fell in the extended session after an unidentified source told Bloomberg that both companies are having trouble delivering enough components to Apple. However, Qualcomm Inc rose over >1% in extended trading after the mobile chip maker announced plans for a US$10B stock buyback. The company noted the total is in addition to $900 million in repurchase authority from a July 2018 program. The small capitalisation Russell 2000 rose +0.61%.

Morgans AM: Wednesday, 13 October 2021

US equity markets mixed as investors digested September inflation data, the latest Federal Reserve meeting minutes and the start of the third quarter earnings season - Dow flat, recovering from an earlier -260 point slide. The broader S&P500 edged +0.30% higher and snapped a three session losing streak, with Utilities (up +1.14%) leading nine of the eleven primary sectors higher. Financials (down -0.64%) and Energy (-0.12%) were the only primary sectors to settle in the red. The Nasdaq rose +0.73%. Apple Inc slipped -0.42% following a Bloomberg News report filed a day earlier that the company will likely cut iPhone 13 production by up to 10M phones in 2021, following the company’s forecast of making 90M earlier in the year, because of the ongoing global chip shortage. Advanced Micro Devices Inc gained +3.92% and was among notable performers amid ongoing headlines about the global chip shortage. The small capitalisation Russell 2000 added +0.34%.

Morgans AM: Thursday, 14 October 2021

US corporate tax payments and US political uncertainty are generating
a modest equity market correction that could continue in November. Michael Knox discusses his views with the Morgans network.

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#ASX #Economy #USCorporateTax #Form1120

Why the ASX 200 is worth 7.180 points: Michael Knox, Morgans Chief Economist

Better-than-expected corporate earnings continued to push US equity markets higher on Friday (15 October), with Goldman Sachs Group Inc (up +3.8%) capping a strong week for bank earnings - Dow up +382-points or +1.09% . The broader S&P500 +0.75% to 4,471.37, settling comfortably above its 50-day moving average (4,436.74). Alcoa Corp  soared +15.2% after the aluminium producer reported stronger-than-expected results, and announced it would pay its first dividend since 2016 and launch a US$500M share buyback. The Nasdaq added +0.50%. The small capitalisation Russell 2000 eased -0.37%.

Morgans AM: Monday, 18 October 2021

We think GDP Fell 0.8% in Q3 2021 but will be up by 5% in the year to Q3 2022.

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#Economy #AusGDP #Finance

Australia's strong recovery from shutdown: Michael Knox, Morgans Chief Economist

Michael Knox discusses how a slowing Chinese GDP is a structural problem, because of slowing labour force growth.

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#ChineseGDP #China #Chineselabour #Chineseeconomy

Soft construction brings a weak 3rd quarter for Chinese GDP: Michael Knox, Morgans Chief Economist

Morgans Adviser Chris Titley chats to Sam Budiselik , MD of ASX listed Cash Converters. Cash Converters is known throughout Australia, but many may not know their involvement in lending, and how they are assisting customers in Australia and beyond. Sam talks about the history of the company, how they navigated through 2020-21, and why he is excited about the future.

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Morgans Conversations: Sam Budiselik, Managing Director of Cash Converters (ASX:CCV)

We look at the RBA statement on monetary policy for November, where growth is strong but inflation is not.

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#Economy #RBA #Inflation

Why The RBA is right to believe that inflation will fall: Michael Knox, Morgans Chief Economist

We look at the US credit market to find two indicators of stock market health.

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Why The Market Is Still So Strong: Michael Knox, Morgans Chief Economist

GARDA Property Group (ASX:GDF) is a real estate investor, developer, and manager with investments along the eastern seaboard of Australia, from Cairns to Melbourne.

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#Realestate #Industrialreal #Propertymanagement

Morgans Business Breakfast: Matthew Madsen, Executive Chairman of Garda Property Group (ASX:GDF)

Morgans AM: Friday, 19 November 2021

Concerns over a resurgence of COVID-19 saw US equity markets struggle on Friday (19 November) although technology stocks pushed higher  – Dow down -269-points or -0.75%, with Boeing Co (down -5,77%) a notable drag. The broader S&P500 eased -0.14%, with Energy (down -3.91%) and Financials (-1.11%) the worst performing primary sectors. Information Technology (up +0.77%) headed the gainers lists.  Carriers (United Airlines Holdings fell -2.78% and Delta Air Lines Inc -1.07%) and cruise operators (Norwegian Cruise Line Holdings Ltd -2.08% and Royal Caribbean Cruises Ltd -2.98%) were under pressure.  The Nasdaq added +0.40% to log its 46th record closing high of 2021 at 16,057.44. Intuit Inc (up +10.08%) and Micron Technology Inc (+7.80%) were among the best performers on the technology-centric index. The small capitalisation Russell 2000 fell 0.86%.

Morgans AM: Monday, 22 November 2021

US equity markets mixed after a late session sell-off - Dow added +17-points or +0.05%, unwinding an earlier rally of more than >300-points. However, investment banks Goldman Sachs Group Inc (up +2.26%) and JPMorgan Chase & Co (+2.13%) both help up well following the announcement that President Joe Biden has nominated Federal Reserve Chair Jerome Powell for a second four-year term. The broader S&P500 eased -0.32, with Communication Services (down -1.24%) and Information Technology (-1.14%) leading five of the eleven primary sectors lower. Energy (+1.77%) and Financials (1.43%) sat atop the primary sector leaderboard. The technology-centric Nasdaq fell -1.26% as investors eyed potential rising interest rates. The small capitalisation Russell 2000 fell -0.50%.

Morgans AM: Tuesday, 23 November 2021

US equity markets mixed, with Federal Reserve Chair’s Jerome Powell’s nomination for a second term weighing on the technology sector (which is often more sensitive to changes in interest rate policy) - Dow gained +195-points or +0.55% , with investment banks Goldman Sachs Group Inc (up +2.56%) and JPMorgan Chase & Co (+2.39%) trading strongly for a second straight session. The broader S&P500 edged +0.17% higher, with Energy (up +3%), Financials (+1.55%) and Real Estate (+1.10%) up over >1% to lead eight of the eleven primary sectors higher.  The technology-centric Nasdaq lost -0.50%. The small capitalisation Russell 2000 slipped -0.15%.

Morgans AM: Wednesday, 24 November 2021

US equity markets pushed modestly higher as the recent jump in bond yields took a breather, lifting some pressure on the technology sector - Dow dipped -9-points or -0.0% . The broader S&P500 added +0.23%. The Nasdaq +0.44%. The small capitalisation Russell 2000 +0.15%. US bond and equity markets CLOSED tonight AEST for Thanksgiving Day followed by an abbreviated session on ‘Black Friday’ (26 November).

Morgans AM: Thursday, 25 November 2021

Brainard is brilliant, but Powell a better leader.

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Fed Team Player Powell Gets A Second Term: Michael Knox, Morgans Chief Economist

US bond and equity markets were CLOSED overnight AEST for Thanksgiving Day, while it is an abbreviated session tonight AEST.

Morgans AM: Friday, 26 November 2021

An ugly finish to the shortened Thanksgiving week for US equity markets during a thinly traded, abbreviated Black Friday session as a new COVID variant found in South Africa triggered a shift away from risk assets  - Dow dropped -905-points or -2.53%, down over >1,000 points at its worst levels of the session and recording its worst daily decline since 28 October, 2020. The decline for the Dow saw it mark its first close below its 50-day moving average (at 35,261.93) since 14 October. Boeing Co fell -5.41%. The broader S&P500 tumbled -2.27% to 4,594.62, with Energy (down -4.07%) leading all eleven primary sectors lower and with six of those logging falls of over >2.5%. Travel stocks were unsurprisingly under the pump, with Delta Air Lines Inc down -8.34%, United Airlines Holdings Inc -9.57%,  American Airlines Group Inc –8.79%, and cruise operators Royal Caribbean Group tumbling -13.22% and Norwegian Cruise Line Holdings Ltd -11.36%. A number of technical/charting analysts cite the 50-day moving average of 4,570 as a key level, along with 4,566 (representing a 38.2% retracement of the rally); and 4,550 (a previous high from early September) and the round figure of 4,500. Tesla Inc slid -3.05% after a report that the company will invest US$188M to expand production capacity at its Shanghai factory. The Nasdaq -2.23%. Microsoft Corp’s (down -2.44%) Chief Executive Officer Satya Nadella sold ~838.6K shares of common stock – or about half of his holding -  last week (22 and 23 November) between US$349.22 and US$334.37 per share.  The declines for the S&P 500, Dow and Nasdaq Composite represented their worst Black Friday performance since 1950.The small capitalisation Russell 2000 -3.67%. China’s ride-hailing giant Didi Global Inc sank -2.84% after Bloomberg reported that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S.

Morgans AM: Monday, 29 November 2021

US equity markets rebounded as President Joe Biden told Americans the fight against the omicron variant of coronavirus won’t involve “shutdowns or lockdowns.” - Dow up +237-points or +0.68% a day after recording its worst daily decline (-905-points or -2.53%) since 28 October, 2020. Walmart Inc lost -1.57% after announcing that it will begin the search for a successor to Chief Financial Officer (CFO) Brett Biggs, who has been with the company for 22 years and became CFO on 31 December, 2015. However, Merck & Co (down -5.39%) was the largest drag on the Dow after Citi downgraded the stock to neutral from buy, saying in a research note that development struggles for the company’s HIV drug were taking a bite out of Merck’s long-term potential. The broader S&P500 gained +1.32%, with Information Technology (up +2.64%) leading all eleven primary sectors higher. Consumer Discretionary (up +1.63%), Utilities (+1.57%), Real Estate (+1.33%) and Communication Services (+1.12%) all rose over >1%. Moderna Inc continued to soar, climbing a further +11.80% overnight. The biotechnology company’s Chief Medical Officer Paul Burton said Sunday (28 November) that Moderna could roll out a reformulated vaccine against omicron early next year. However, Pfizer Inc fell -2.96%. The technology-centric Nasdaq rose +1.88%, with Apple Inc rising +2.19% and Amazon.com Inc +1.63% and Microsoft Corp rose +2.11% ahead of  its  Annual General Meeting (AGM). Twitter Inc fell -2.74%, unwinding an earlier rally of over >11% following news that Chief Executive Officer Jack Dorsey was stepping down from the role, effective immediately. Parag Agrawal, Twitter’s chief technology officer, will take over the helm. Mr Dorsey will remain a member of the board until his term expires at the 2022 meeting of stockholders, the company said. However, the small capitalisation Russell 2000 slipped 0.18%.

Morgans AM: Tuesday, 30 November 2021

Morgans adviser Chris Titley recently chatted to Matt Heine - Joint Managing Director of Netwealth Group (ASX Code: NWL) Matt tells the story of Netwealth from startup to ASX Listing and how they've managed to scale. Matt also talks about the use of technology, the changing landscape of super and some inspiring words for entrepreneurs and business leaders.

Morgans 40 under 40: Matt Heine, Joint Managing Director of Netwealth

Morgans adviser Chris Titley recently chatted to Stephen Moore. Stephen is a former professional rugby player who grew up in regional Queensland and pursued his dream to represent and captain the Wallabies (Australian Rugby Union test team).

Stephen shares his story and the challenges he faced to reach the peak of his playing career, Stephen also discusses his reasons for retiring and his transition to a corporate career, and offers some words of advice for aspiring business leaders.

Morgans 40 Under 40 Series: Stephen Moore

Morgans adviser Chris Titley recently chatted to Jimmy Reed (31). Jimmy is most recognised for his lead role in the ABC Children's TV Show "Giggle and Hoot". As Jimmy Giggle, he has traveled around Australia meeting his many fans, with more than 1000 people regularly attending each event. In 2016, Jimmy became the face of the Victorian Premier's Reading Challenge, which saw him travel to both regional and metropolitan schools, reading to children. As a side project he founded a startup called Transported which creates and assists with VR and AR content and runs live events including performances by The Presets and 360. Jimmy discusses his journey, the challenges and shares some advice about following your passions.

Morgans 40 Under 40 Series:  Jimmy Rees, Presenter Giggle And Hoot

In the latest Morgans Executive Series podcast, Morgans Adviser Chris Titley chats with David Maxwell, Managing Director of Cooper Energy. David discusses the history of the company, his background, why he joined the business and the current company projects (including the transformational Sole project). David also shares some of the challenges of running an emerging oil and gas business and some words of advice for other business leaders.

Morgans Executive Series: David Maxwell, Managing Director of Cooper Energy

Ayten Saridas, Chief Financial Officer for Coronado Global Resources, speaks to Chris Titley about the company, growth opportunities and strong operating outlook.

Morgans Executive Series: Ayten Saridas, Chief Financial Officer for Coronado Global Resources

Morgans adviser Chris Titley recently chatted to Anthony Nantes from Wisr. Wisr (ASX : WZR) is Australia's first neo-lender with a commitment to the financial wellness of all Australians. Wisr provides personal loans, apps, content and other products that use technology to provide better outcomes for borrowers, investors and everyday Australians. Anthony discusses the Wisr story, the market opportunity, the fintech market in Australia and also offers some advice for entrepreneurs.

Morgans 40 Under 40 Series: Anthony Nantes, Wisr

In the latest Morgans Startup Series, adviser Chris Titley chatted with Michael Biercuk. Michael J Biercuk is the CEO and Founder of Q-CTRL, a venture-capital-backed company that provides disciplined control engineering solutions to harness the power of quantum physics for next-generation technologies. Q-CTRL is built on Michael’s research leading the Quantum Control Lab at the University of Sydney, where he is a Professor of Quantum Physics and Quantum Technology. Michael holds both CEO and Professorial positions concurrently and in his academic role is a chief investigator in the Australian Research Council Centre of Excellence for Engineered Quantum Systems. The Podcast interview covers many aspects of Michael's life, the potential opportunity as well as some tips on entrepreneurship.

Morgans 40 Under 40 Series: Professor Michael Biercuk, Founder and CEO, Q - CTRL

Morgans Adviser Chris Titley recently spoke to Rory Lucas, CEO of Hearts and Minds Investments (ASX Code: HM1).  Hearts and Minds Investments Limited was born out of the investment and philanthropic vision of the Sohn Hearts & Minds Investment Leaders Conference with the dual goal of providing investors with great investment opportunities while giving financial support to medical research institutes across Australia.  The fund has contributions from leading fund managers such as Caledonia, Cooper, Magellan, Paradice and Regal, some of which are  not easily accessible to retail investors.  Rory talks about the background, the reason for listing and the uniqueness of HM1 compared to other Listed Investment Companies (as LIC's ) as they are known. 
The 2019 Conference will take place at The Sydney Opera House, November 22

Morgans Executive Series:  Rory Lucas, Chief Executive Officer, Hearts and Minds Investments

Morgans Adviser Chris Titley recently spoke with Geoff Morgan, entrepreneur and Chair of listed company Livehire (ASX:LVH). Geoff has a distinguished background in recruitment as co-founder of Morgan and Banks and Talent2. Geoff shares his story within the recruitment industry, how he met the Livehire team, new technology, culture, failure and some words of advice for other business leaders.

Morgans Executive Series: Geoff Morgan, Chair of Livehire

In a follow-up Podcast with Fabian Siegel, founder of Marley Spoon, Morgans Adviser Chris Titley chats around the recent Woolworths Investment, the market opportunity at hand as well as their strategy and use of funds for further investment.

Morgans Executive Series: Fabian Siegel, Founder Of Marley Spoon

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with more than 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices across all states and territories in Australia.

Morgans Financial Limited

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