Morgans Financial Limited

Morgans Financial

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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.

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1575 episodes

Morgans AM: Thursday, 28 March 2024

US equity markets rallied, logging a broad advance in the final hour of the session - Dow rallied +478-points or +1.22%, and is on pace for its best first quarter gain since 2021. Merck & Co rallied +4.96% to be the leading component in the 30-stock index a day after the U.S. Food and Drug Administration (FDA) approved its drug (which will be marketed as Winrevair) to treat a rare, progressive and life-threatening lung condition called pulmonary arterial hypertension.

4m
Mar 27
The FED says 'No US Recession' | Michael Knox, Morgans Chief Economist

Morgans Chief Economist Michael Knox uses the Chicago Fed National Activity Indicator to model the US economy and explain why there is no incoming US Recession. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

4m
Mar 27
Malcolm Deane, Chief Executive Officer of ALS Limited (ASX:ALQ) | Morgans Business Breakfast

Thank you Mr Malcolm Deane, Chief Executive Officer and Managing Director of ALS, for presenting at our latest Morgans Business Breakfast. ALS's analytical testing origins date back to 1976 in Brisbane, with the establishment of a small geochemistry laboratory. Since then, ALS has expanded its services to cover a wide range of industrial and consumer facing industries, servicing over 50 countries through 300 locations worldwide. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

18m
Mar 27
Two Part Paradox at the Federal Reserve | Michael Knox, Morgans Chief Economist

Following the Federal Reserve's latest two-day monetary policy meeting, Morgans Chief Economist Michael Knox says, "yes the FED rates will fall, but only so far." Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

8m
Mar 27
Morgans AM: Wednesday, 27 March 2024

US equity markets retreated, with investors eyeing key inflation figures on Friday night AEST (29 March) - Dow slipped -31-points or -0.08%. Boeing Co fell 2.04% as credit rating agency Moody’s said it was considering downgrading some of the jet maker’s debt. Johnson & Johnson added +0.35% amid reports it was in talks to acquire medical device maker Shockwave Medical Inc (+10.04%). Visa Inc slipped -0.22% as it agreed to lower swipe fees to settle a legal battle it and peer Mastercard (up +0.16%) have fought with retailers for decades.

4m
Mar 26
Morgans AM Tuesday, 26 March 2024

European bourses settled little changed, with gains for the Oil and Gas sector (up +0.9%) offset by decline for media stocks (down -0.9%) to leave the pan-European Stoxx 600 index (which includes UK equities) just +0.04% higher. Goldman Sachs raised its 2024 year-end target for the Stoxx 600 to 540 from 510, citing possible improvement in economic growth and monetary policy easing across central banks. Germany's DAX gained +0.30%. Delivery Hero SE added +0.39%, recovering from an earlier decline after the company announced that Chief Financial Officer (CFO) Emmanuel Thomassin will depart at the end of September 2024 after a decade in the role. France's CAC flat.

5m
Mar 25
Morgans AM: Monday, 25 March 2024

US equity markets were mostly weaker on Friday (22 March) but capped their biggest weekly advance in three months - Dow fell -305-points or -0.77%. Nike Inc sank -6.90% after the world's largest sportswear maker warned that its revenue in the first half of fiscal 2025 would shrink by a low-single-digit percentage, as it scales back on franchises to save costs. However, FedEx Corp rallied +7.35% after the economic bellwether raised its 2024 guidance and said it would continue to cut costs and trim its spending for the year after the close of the previous session.

6m
Mar 24
Morgans AM: Friday, 22 March 2024

Morgans AM: Friday, 22 March 2024 by Morgans Financial

6m
Mar 21
Morgans AM: Thursday, 21 March 2024

The benchmark US equity indices rallied to fresh all-time highs after the Federal Reserve signaled that it remains on track to lower interest rates three times this year - Dow rallied +401-points or +1.03% to 39,512.13. Boeing Co gained +3.67% to be the leading performer in the 30-stock index, while American Express Co (+2.81%) and 3M Co (+2.65%) climbed over >2.5%.

5m
Mar 20
The Reserve Bank of Australia Stands on Stability | Michael Knox, Morgans Chief Economist

Following the RBA's recent decision to hold interest rates, RBA Governor Michelle Bullock said, "where we are now is where we need to be." Chief Economist Michael Knox gives his comments on this saying that the RBA are giving us stability for the near future. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

3m
Mar 20
Morgans AM: Wednesday, 20 March 2024

US equity markets advanced as investors eyed the conclusion of the Federal Reserve’s latest two-day monetary policy meeting tomorrow morning AEST (21 March) - Dow rallied +320-points or +0.83%, booking its largest one-day point and percentage gains since 22 February. Home Depot Inc (up +2.02%) was the leading performed in the 30-stock index.

5m
Mar 19
Morgans AM: Tuesday, 19 March 2024

US equity markets advanced despite Treasury yields hitting three week highs ahead of a busy week of key global central bank meetings - Dow added +76-points or +0.20%, with Salesforce Inc (up +2.1%) and Walt Disney Co (+1.7%) rising over >1.5 to be the leading performers in the 30-stock index.

5m
Mar 18
Morgans AM: Monday, 18 March 2024

US equity markets retreated on Friday (15 March), with mega capitalisation technology names a key drag and with investors eyeing key central bank meetings this week - Dow fell-191-points or -0.49%, with Salesforce Inc (down -2.96%) and Amazon.com Inc (-2.42%) leading losses in the 30-stock index. Microsoft Corp fell -2.07% a day after closing at a record high. McDonald’s Corp fell -0.92% after reporting system outages worldwide that caused the temporary closure of some restaurants.

7m
Mar 17
Morgans AM: Friday, 15 March 2024

US equity markets retreated as stronger-than-expected producer prices undermined an early rally, and with some major chipmakers recording fresh declines - Dow eased -138-points or -0.35%, with Amgen Inc (down -1.61%), Honeywell International (-1.69%), International Business Machines (IBM) Corp (-1.66%) and JPMorgan Chase & Co (-1.78%) all falling over >1.5%.

5m
Mar 14
Morgans AM: Thursday, 14 March 2024

US equity markets mostly weaker amid selling of chipmakers and ahead of wholesale inflation data tonight AEST - Dow added +38-points or +0.10%, paring an earlier rally of almost +200-points. Intel Corp dropped -4.44% after Bloomberg reported that the Pentagon had pulled out of a plan to spend as much as US$2.5B on a chip grant to the company. McDonald’s Corp -3.89% after the chief financial officer (CFO) said the fast-food giant's international sales could fall sequentially in the current quarter, pressured by the conflict in the Middle East and demand weakness in China.

5m
Mar 13
Morgans AM: Wednesday, 13 March 2024

US equity markets rallied despite mildly hotter-than-expected inflation figures - Dow rose +236-points or +0.61%. International Business Machines (IBM) Corp rose +3.16% following reports that it had notified employees in its marketing and communications division that it’s making cuts, becoming the latest large technology company to trim its payroll. Last year, IBM Chief Executive Arvind Krishna said the company was “massively upskilling all of our employees on AI [artificial intelligence]” as it replaces nearly 8,000 jobs with AI. 3M Co (up +4.97%), Microsoft Corp (+2.66%), Amazon.com Inc (1.99%) and Walmart Inc (+1.24%) also traded strongly.

5m
Mar 12
Morgans AM: Tuesday, 12 March 2024

US equity markets opened the new trading week mixed amid subdued trading ahead of key inflation figures tonight AEST - Dow added +47-points or +0.10%. Boeing Co fell -3.02% after The Wall Street Journal reported over the weekend the Justice Department has opened a criminal investigation into the Boeing 737 MAX jet that experienced a blowout on an Alaska Airlines flight in early January.

5m
Mar 11
Morgans AM: Monday, 11 March 2024

US equity markets retreated but not before both the S&P500 and Nasdaq touched fresh intra-day record peaks - Dow eased -68-points or -0.18%. Apple Inc rose +1.02%, snapping a seven session losing streak (its longest losing streak since early 2022). Meanwhile, the Department of Justice has launched a criminal investigation into the Boeing Co (down -2.24%) jetliner blowout that left a gaping hole on an Alaska Air Group Inc (-1.85%) plane on 5 January, the Wall Street Journal reported on Saturday (10 March).

7m
Mar 10
Karen Jorritsma, MD and Head of Equities at RBC Capital Markets | International Women's Day 2024

The Morgans Network was joined by Karen Jorritsma, Managing Director and Head of Equities at RBC Capital Markets on International Women's Day 2024. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

16m
Mar 08
Technology Sector Wrap | Reporting Season, February 2024

Morgans Senior Analyst Nick Harris gives a wrap up of our stocks under coverage in the Technology, Media and Gaming sectors, following this past earning season. February 2024 results were largely in line with expectations. Services & Classified EPS forecasts were reduced by 1-2%, gaming EPS forecasts lifted by 1-2%, free cash flow for larger FCF names was largely unchanged while small cap FCF forecasts were reduced. Follow all of the Morgans Reporting Season coverage here - https://www.morgans.com.au/reporting-season Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

6m
Mar 08
Morgans AM: Friday, 8 March 2024

US equity markets rallied, lifting both the S&P500 and Nasdaq back to record highs - Dow rose +130-points or +0.34%.

9m
Mar 07
Consumer Discretionary Sector Wrap | Reporting Season, February 2024

Morgans Analysts Alexander Mees and Emily Porter give a wrap of the Consumer Discretionary sector, following this past February Reporting Season. Investors became more positive towards the consumer discretionary sector over the course of reporting season. The 1H24 earnings performance of the stocks we cover generally exceeded expectations, leading us to increase our full year EPS estimates by 2%. See our full Reporting Season Wrap here - https://www.morgans.com.au/reporting-season Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

11m
Mar 07
Morgans AM: Thursday, 7 March 2024

US equity markets advanced but trimmed gains in the closing hour of trading as investors digested Federal Reserve Chair Jerome Powell’s first day of congressional testimony - Dow added +76-points or +0.20%.

5m
Mar 06
Reporting Season Review, February 2024

Morgans Equity Strategist Tom Sartor runs through our Reporting Season review with Australian corporates again shrugging another reporting test, navigating slowing demand and higher interest rates to post respectable half-year results in February. See our full Reporting Season Wrap here - www.morgans.com.au/reporting-season Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

3m
Mar 06
Morgans AM: Wednesday, 6 March 2024

Technology stocks led declines on US equity markets overnight, with investors also eyeing Federal Reserve Chair Jerome Powell’s congressional testimony tonight AEST and labour market data later in the week - Dow fell -405-points or -1.04%. Apple fell -2.84% after a report by Counterpoint Research reported that the company sold 24% fewer iPhones in in China in the first six weeks of 2024 versus a year earlier. Overall smartphone sales declined 7% in the period, though sales for rival firm Huawei jumped 64%, according to the report. Apple is still rapidly losing market share in China, a country that also serves as a manufacturing base for the company, after Beijing last year banned government officials from using Apple phones. In another sign of weakness, Foxconn (or Hon Hai Precision Industry Co., Ltd), the Taiwanese company that assembles iPhones for Apple, said on Tuesday (5 March) that February sales fell -12% from a year earlier. Meanwhile, Intel Corp (down -5.37%) and Salesforce Inc (-5.05%) both declined over >5% to be the worst performers in the 30-stock index.

6m
Mar 05
Morgans AM: Tuesday, 5 March 2024

The US equity market rally stalled overnight, with both the S&P 500 and Nasdaq retreating from record highs - Dow eased -98-points or -0.25%. Apple Inc fell -2.54% after the European Commission, the European Union’s executive arm, hit the company with a €1.8B antitrust fine for abusing its dominant position in the market for the distribution of music streaming apps. Separately, the Federal Aviation Administration said its audit of 737 Max manufacturing at airplane-maker Boeing Co (up +0.27) and its key supplier turned up “multiple instances” of them failing to make sure manufacturing met quality standards.

4m
Mar 04
Morgans AM: Monday, 4 March 2024

US equity markets opened March with a bang, with both the S&P500 and Nasdaq logging fresh record highs - Dow added +91-points or +0.23%. Boeing Co fell -1.83% after confirming it is in “preliminary” talks to acquire Spirit AeroSystems Holdings Inc (+15.31%), the troubled fuselage supplier it spun off nearly 20 years ago, as the plane maker faces pressure to improve its safety record. Boeing said it believed that the “reintegration” of Spirit “would further strengthen aviation safety, improve quality and serve the interests of our customers, employees, and shareholders”.

9m
Mar 03
Morgans AM: Friday, 1 March 2024

US equity markets closed out the month with modest gains as investors digested the latest inflation data, with both the S&P 500 and Nasdaq recording record closing highs - Dow edged +15-points or +0.04%.

4m
Feb 29
Stephanie Commons, Acting CEO of Dalrymple Bay Infrastructure | Reporting Season, February 2024

Stephanie Commons, Acting Chief Executive Officer of Dalrymple Bay Infrastructure (ASX:DBI) gives the Morgans network an update following their full year result. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

4m
Feb 29
Morgans AM: Thursday, 29 February 2024

US equity markets weaker ahead of key inflation figures tonight - Dow slipped -23-points or -0.06%. UnitedHealth Group Inc (down -2.95%) led losses on the 30-stock index, while Intel Corp (-1.73%) and Alphabet Inc (-1.91%).

4m
Feb 28