Investors looking for somewhere, anywhere, to hide during the Iran war may think Ampol shares are a safe haven. After all, it's a petrol provider for crying out loud, isn't it making hay while the sun doesn't shine for everyone else?! Investors think so given it is up nearly 20% in less than a month.
It…
Retail
Premier Investments slid after investors looked past the dividend
Premier Investments (ASX: PMV) had a dramatic trading session on Friday. The stock surged as high as A$13.57 in the opening hour, driven by a 45-cent dividend announcement that pulled in income-focused buyers. But that enthusiasm faded quickly. By the close, Premier Investments had reversed entirely…
It is easy to think of ASX Stocks that are a compelling case to buy, but tougher to think of ASX Stocks Not To Buy. Often, people are lured into companies because they represent compelling thematic right now: surging gold prices, copper's electrification boom, resilient healthcare demand, and a quick-service restaurant sector that keeps growing.
But not…
Ross Stores (NDQ:ROST) is an S&P 500 company that is well and truly for the working class, being America's largest discount apparel retailer.
Even though the US economy is going strong and inflation is coming under control, this is not necessarily being felt across the country. This has been reflected in the company's sales (surpassing US$20bn…
Collins Foods is growing in Germany, but risks remain
Collins Foods (ASX: CKF) surged as high as 11% intraday on Thursday before closing up around 5.2% after signing a deal to acquire eight KFC restaurants in Bavaria, centred around Munich, for approximately A$50 million. The move increases its German store count by nearly 50% overnight.…
Endeavour Group (ASX:EDV) Posts Record A$6.7bn Sales But Profit Falls 17%- Buy the Dip or Stay Away?
Endeavour Group profit drops: buy the dip or stay away?
Endeavour Group (ASX: EDV) fell 4% after releasing its first-half results, and on the surface, it is easy to see why investors sold off. Reported net profit dropped 17% to A$247 million even as group sales climbed to a record A$6.7 billion. That kind of…
The armwrestle between the two ASX Supermarket Stocks took a turn this most recent reporting season. For the past couple of years, Coles had the upper hand over Woolworths with higher margins and faster sales growth.
Compounding matters for Woolworths has been reputational damage from the dying days of Brad Banducci's tenure and the hangover during…
Bapcor plunges after a deep loss and emergency capital raise
Bapcor (ASX: BAP) lost nearly half its value on Friday after delivering a shocking A$104.8 million loss and announcing an emergency A$200 million capital raise at just 60 cents per share. That price represents a 65% discount, and the new shares will increase the total…
Coles shares fall despite strong supermarket earnings
Coles Group (ASX: COL) dropped more than 8% on Friday to around A$20.34, even after delivering double-digit profit growth in its supermarket business. Group EBIT rose 10.2% to A$1.23 billion, supermarkets' EBIT surged 14.6%, and underlying net profit climbed 12.5% to A$676 million. So why is the market…
Woolworths vs Coles: Margin pressure meets reporting season
Woolworths Group (ASX: WOW) and Coles Group (ASX: COL) are both reporting half-year results this week, and the timing could not be more telling. Woolworths goes first on Wednesday, February 25, followed by Coles on Friday, February 27, giving investors a rare Woolworths vs Coles side-by-side comparison…
