US equity markets opened the new month on the front foot as concerns around a US debt default faded, with the S&P500 and Nasdaq logging their highest closes since August 2022 - Dow rose +153-points or +0.47%, The broader S&P500 rose +0.99% to 4,221.02, with Information Technology (up +1.33%) resuming its place at the top of the primary sector leaderboard and leading nine of the eleven primary sectors higher. Utilities (down -0.78%) and Consumer Staples (-0.09%) were the only two primary sectors to settle in the red. The Nasdaq rallied +1.28% to 13,100.98. The small capitalisation Russell 2000 climbed +1.05%.

Morgans AM: Friday, 2 June 2023

This podcast is partnered with Morgans Financial Limited, Australia’s largest full-service stockbroking and wealth management network.

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The Bank to the Future podcast was founded in 2020, to document the beginning of Open Banking in Australia and to educate investors by profiling and introducing companies and individuals within the digital and traditional banking landscape. Bank to the Future 2.0 serves as a follow-up to this series. Looking back on how the market has changed over the last almost 3 years of Open Banking in Australia, revisiting past guests to see where they are now, as well as introducing new and growing companies and individuals in the space today.

This Podcast is for general information purposes only and does not take into account anyone’s personal circumstances. Morgans Financial Limited AFSL 235410.

Established in May 2022, Sub11 is a joint venture between Euphemia (investment partner) and Chris Titley.

Bank to the Future 2.0: Carolyn Breeze, Chief Executive Officer of Scalare Partners

US equity markets retreated as investors digested the latest interest rate decision and monetary policy pronouncements from the Federal Reserve that saw short dated Treasury yields hit fresh 17-year highs - Dow eased -77-points or -0.22%. Intel Corp (down -4.54%) was the worst performing Dow component for a second straight session after the company’s new artificial-intelligence (AI) chips unveiled overnight on the opening day of the company’s developer conference were overshadowed by management’s tempered expectations for gross margin improvement. Chief Financial Officer (CFO) David Zinsner told the conference that he thinks “year over year, we’ll see gross margin expansion. It may not be hundreds and hundreds of basis points next year. It may be more modest for the reasons I talked about from a headwind perspective. But we do expect margin expansion next year.” Current consensus expectations are for a 550-basis-point improvement in gross margins for calendar 2024.

Morgans AM: Thursday, 21 September 2023

Morgans Senior Analyst Nick Harris summarises the key takeaways, investment view changes and key picks following the completion of August 2023 reporting season for the Technology sector. 

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Technology Sector Wrap: Reporting Season, August 2023

Morgans Research Analyst Liam Schofield wraps up this reporting season for the Industrials stocks under his coverage; Goodman Group (GMG), Wagners (WGN), MAAS Group (MGH), DGL Group (DGL), and Ventia Services (VNT).

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Industrials Sector Wrap: Reporting Season, August 2023

Morgans Senior Analyst Belinda Moore gives a reporting season wrap-up for the travel sector.

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Travel Sector Wrap: Reporting Season, August 2023

US equity markets fell sharply, with the S&P 500 and Nasdaq posting their lowest settlements since June as Treasury yields continued to climb in the wake of the hawkish pronouncements at the conclusion of Federal Reserve’s latest monetary policy meeting. Losses intensified following news that House Republican leaders sent the chamber into recess overnight, bolstering fears that federal lawmakers won’t pass a bill to avert a government shutdown. Market participants are concerned that a shutdown would hurt fourth-quarter GDP. Dow fell -370-points or -1.08% to 34,070.42, the lowest close for the 30-stock index since 10 July.

Morgans AM: Friday, 22 September 2023

US equity markets logged modest declines, capping a week in which equities were dragged down by the effects of rising oil prices and growing expectations that interest rates will stay higher for longer - Dow fell -107-points or -0.31%, with Walgreens Boots Alliance (down -1.54%) and Walt Disney Co (-1.79) both falling over >1.5%.

Morgans AM: Monday, 25 September 2023

The benchmark US equity indices logged their first advance in five sessions, rebounding from their lowest settlements since early June last Friday (22 September) and shaking off fresh multi-year highs for longer dated Treasury yields - Dow added +-43 points or +0.13%, underpinned by gains for Dow Inc (up +1.67%) and energy majors Chevron Corp (+1.46%) and Honeywell International (+1.10%).

Morgans AM: Tuesday, 26 September 2023

US equity markets retreated amid a fresh rise in longer dated Treasury yields, and as investors digested the lates home sales and consumer confidence data  - Dow fell -388-points or -1.14%, logging its largest one day point and percentage decline since 22 March. The 30 stock index also fell below its 200-day moving average, with the index last breaking that support level on 25 May.

Morgans AM: Wednesday, 27 September 2023

US equity markets settled little changed after a volatile session once again headlined by rising oil prices and Treasury yields - Dow eased -69-points or -0.20%, having been up as much as +113-points earlier in the session. Caterpillar Inc (up +3.19%) and Chevron Corp (+3.24%) were the leading performers in the 30-stock index, both gaining over >3%.

Morgans AM: Thursday, 28 September 2023

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 AM: Friday, 2 June 2023

Morgans Financial Limited

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