By Adrian Prendergast
16 November 2020, 2:25 PM
Given our macro view on sector rotation into cyclicals, and supported by our view on US dollar weakness in 2021, now appears a good time to invest in resources.
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By Andrew Tang
12 November 2020, 5:10 PM
We highlight opportunities to rebalance your portfolio – stocks you could potentially trim to provide a funding source for the re-opening trade.
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By
12 November 2020, 1:42 PM
While we continue to believe that Commonwealth Bank (ASX:CBA) has a relatively high quality retail franchise and a relatively good risk profile, we continue to believe that CBA is expensive relative to the other major banks. Our recommendation is downgraded to reduce.
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By Michael Knox
12 November 2020, 10:35 AM
The RBA has now cut the cash rate to an all-time low. The cash rate can’t go any lower than zero because the RBA is against negative interest rates. They want to keep the three-year bond yields low. Rates will stay low for an extended period of three years or so.
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By Alex Lu
12 November 2020, 12:00 AM
Wesfarmers' (ASX:WES) trading update overall for October YTD was better than we expected. Bunnings and Officeworks were particularly strong with Catch also maintaining good momentum. LFL sales at Kmart and Target were solid, boosted by very strong online growth, although total sales were adversely impacted by government-mandated store closures in Melbourne.
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By Michael Knox
11 November 2020, 10:55 AM
US Election still subject to recounts and court action, Equities blind to value risk, but big US Budget Deficit will drive US Dollar down and commodity prices up. Morgans Chief Economist, Michael Knox analyses what could possibly happen in the US economy, following the presidential election.
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By
10 November 2020, 12:00 AM
There are many unknowns around timing/scalability/adoption of the vaccine, but whichever way you look at it, most retailers have been a major beneficiary of the redirection of spending during COVID and could now become a funding source.
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09 November 2020, 12:00 AM
REA is not cheap, but the adage you get what you pay for rang pretty true in the company's quarterly update.
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By Richard Coles
06 November 2020, 10:30 AM
Broad divisional outlook commentary arguably highlights FY21 earnings risks remain to the downside, despite Macquarie Group (ASX:MQG) having a seasonally stronger 2H and Nuix potentially being a large asset realisation. However, MQG remains well placed to ride out the COVID-19 period and seize opportunities on the other side, in our view.
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05 November 2020, 2:25 PM
This month, I add Jumbo Interactive (ASX:JIN) to the Morgans Best Idea's for November 2020.
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