Morgans Financial Limited

Morgans Analyst Liam Schofield gives his analysis of the 1H FY24 result from Goodman Group (GMG) & Maas Group (MGH). Follow our 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

Morgans Analyst Alex Lu gives his analysis of the 1H FY24 result from Reliance Worldwide (RWC) & Orora Ltd (ORA). Follow our 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

The Financial Times (FT) and Bloomberg News reported Sunday (18 February) that European Commission antitrust regulators are preparing to impose an ~ €500M fine against Apple, after finding that it created an anticompetitive environment by failing to inform iPhone users that cheaper, alternative music-streaming apps were available outside its App Store. The investigation was sparked by a complaint that Spotify SA filed in 2019. The FT reported the fine is expected to be announced in early March.

Morgans Equity Strategist Andrew Tang gives an update on Reporting Season thus far saying it has been better than feared, but Small/Micro-cap cyclicals offer the most compelling risk/reward trade-off. Morgans analysts also call out small-cap results that could be “better than feared” including Helloworld (ASX:HLO), Adrad Holdings (ASX:AHL), Clinuvel (ASX:CUV) and Micro-X (ASX:MX1). Follow our 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

US equity markets retreated on Friday (16 February) after another hotter-than-expected inflation reading undermined the case for interest rate cuts - Dow fell -145-points or -0.37%. Nike Inc fell -2.4% after the company announced 1,700 job cuts as part of a plan to cut costs.

US equity markets climbed, with investors looking past some mixed economic data - Dow rallied +349-points or +0.91%. Chevron Corp rallied +3.4% to be the leading component in the 30-stock index, with a filing with the Securities and Exchange Commission (SEC) revealing that Berkshire Hathaway lifted its stake in the oil giant to more than >US$18B.

Morgans Chief Economist Michael Knox explains how the different dates of international financial years generate seasonal variation in the Australian and US stock markets. 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

Morgans Senior Analyst Nathan Lead gives his analysis of the 1H FY24 result from Commonwealth Bank of Australia (ASX:CBA). 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

US equity markets rebounded, recovering from sharp declines recorded in the previous session following a hotter-than-expected consumer price inflation figures - Dow rallied +151-points or +0.40%, with Salesforce Inc (up +2.85%) and Intel Corp (+2.39%) leading the upside.

A hotter-than-expected consumer price inflation (CPI) print weighed heavily on US equity markets - Dow fell -525-points or -1.35%, slightly paring an earlier decline of as much as 758-points or almost -2%. It marked the worst session for the 30-stock index since March 2023. Walgreen Boots Alliance (down -4.77%) and Goldman Sachs Group Inc (-3.54%) were the worst index performers overnight. Boeing Co fell -% after Chief Financial Officer (CFO) Brian West discussed 737 production at the Cowen Aerospace Conference and reportedly said Boeing 737 MAX production would be below 38 a month for the first half of the year and trend back to 38 by the end of 2024.

Morgans Analysts Fiona Buchanan, Liam Schofield and Nathan Lead, preview their stocks under coverage in the Real Asset Sectors for the February 2024 Reporting Season. See Morgans Reporting Season Playbook for more details: 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

This podcast is partnered with Morgans Financial Limited, Australia’s largest full-service stockbroking and wealth management network. 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 Check out more from Sub11: Visit the Sub11 website: www.sub11.com.au/ On Instagram: www.instagram.com/hellosub11/ On Twitter: twitter.com/hellosub11 On LinkedIn: www.linkedin.com/company/sub11/ Follow Chris Titley: www.linkedin.com/in/ctitley/ 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 Austra

Morgans Head of Research Alexander Mees comments on JBH's 1H FY24 results. In our opinion, the first half performance was a masterclass in the consolidation of a market-leading position, while maintaining iron-clad discipline over costs. Despite the downturn in the Australian consumer sector, sales were down only 2% yoy, and margins held up better than expected in the face of intense inflationary pressures. 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

Morgans Senior Analyst Nathan Lead gives his analysis of the 1H FY24 results from ANZ Group Holdings (ANZ), Aurizon Holdings (AZJ) & Transurban Group (TCL). 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

US equity markets mixed ahead of the latest consumer price inflation figures tonight AEST - Dow gained +126-points or +0.33% to a fresh record closing high of 38,797.38, the 30-stock indices 12th of 2024.

Michael explains how a boom in US corporate liquidity is driving US and Australian stock markets upwards. 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

US equity markets advanced on Friday (9 February), with a fresh march higher for mega-capitalisation technology stocks seeing the S&P 500 settling above the 5,000 for the first time - Dow eased -55-points or -0.14%. Chevron Corp fell -1.96% amid reports Venezuela had built up its military presence along its border with Guyana. Chevron last year announced a US$53B acquisition of Hess () in part to take ownership of Hess’s assets in the newly oil-rich country. Cisco Systems Inc added +0.36% after Reuters reported that the networking giant is planning thousands of job cuts as it restructures its business to focus more on high-growth markets. Intel Corp rose +1.91% after the White House said it would invest $5 billion in a new public-private consortium for the research and development of advanced semiconductors. International Business Machines (IBM) Corp rose +1.07% and Microsoft Corp +1.56%.

US equity markets advanced as a narrow group of companies lifted the S&P500 above the 5,000 level for the first time late in the session - Dow added +49-points or +0.13% to log yet another record closing high of 38,726.33. Walt Disney Co jumped +11.50% after reporting better than expected fiscal first-quarter earnings and guidance for fiscal 2024 that was well ahead of Wall Street estimates after the close of the previous session.

Michael Knox discusses the February 2024 RBA statement, commenting on monetary policy. 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

Morgans Analysts Scott Murdoch and Jared Gelsomino, preview their stocks under coverage in the Automotive & Services Sectors for the upcoming February Reporting Season. See Morgans Reporting Season Playbook for more details: 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