500 episodes

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 Financial Limited Morgans Financial

    • Business
    • 4.5 • 21 Ratings

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 Monday, 26 September 2022

    Morgans AM Monday, 26 September 2022

    US equity markets continued to slide on Friday (23 September), capping a tumultuous week dominated by hawkish central bank updates that exerted particular pressure on growth stocks - Dow fell -486-points or -1.62% to 29,590.41, carving out a fresh 2022 closing low despite paring an earlier decline of as much as -826-points, and settling at its lowest level since 20 November, 2020. It also marked the first close below 2%. Ford Motor Co fell -3.60% after The Wall Street Journal reported the company had delayed delivery of some vehicles because it didn’t have enough blue oval badges to put on them. This followed the automaker’s warning last Monday (19 September) that it would end the third quarter with more unfinished vehicles than it had previously expected. The Nasdaq declined -1.80%. Google-parent Alphabet Inc fell -1.40% after CNBC reported that Chief Executive Officer (CEO) Sundar Pichai faced heated questions from employees at an all-hands meeting last week, with staffers expressing concern about cost cuts and recent comments from Pichai regarding the need to improve productivity by 20%. The small capitalisation Russell 2000 lost -2.48%.

    • 7 min
    Morgans AM: Friday, 23 September 2022

    Morgans AM: Friday, 23 September 2022

    US equity markets retreated amid mounting concerns that the Federal Reserve’s aggressive monetary policy will tip the economy into a recession - Dow fell -107-points or -0.35%. Salesforce Inc rose +1.71% after the customer relationship management software company hosted an Investor Day, reiterating the fiscal 2023 revenue outlook of ~US$31B, after the company cut the outlook in May (to a range of US$31.7B-to-US$31.8B from US$32.0-to-US$32.1B in March), and lowered it again in August (to US$30.9B- to-US$31.0b). Boeing Co edged ~% higher in after-hours trading (following a -3.20% decline in regular trading) after The Wall Street Journal reported that the aerospace and defence company was seen "poised" to settle a U.S. Securities and Exchange Commission (SEC) investigation into its 737 Max crashes a few years back. The settlement pertains to "allegedly misleading statements" from the company and then-Chief Executive Dennis Muilenburg about the jets that crashed in Indonesia in 2018 and Ethiopia in 2019, the newspaper said, citing people familiar with the matter. The broader S&P500 -0.84%, with the Consumer Discretionary sector (down -2.16%) leading nine of the eleven primary sectors lower. Health Care (up +0.51%) and Communication Services (+0.06%) were the only primary sectors to advance overnioght. The Nasdaq -1.37%. The small capitalisation Russell 2000 lost -2.26%.

    • 7 min
    Morgans AM: Wednesday, 21 September 2022

    Morgans AM: Wednesday, 21 September 2022

    US equity markets retreated as Treasury yields continued to climb on the eve of the Federal Reserve’s latest interest rate decision - Dow down -313-points or -1.01%, falling as much as -550-points earlier in the session. The broader S&P500 fell -1.13%, with Real Estate (down -2.57%) and Materials (-1.90%) leading all eleven primary sectors lower. Ford Motor Co tumbled -12.32% to log its worst single session drop since 2011 after the automaker told investors after the close of the previous session that it saw a +US$1B increase in supply chain costs during the third quarter. General Motors Co fell -5.63%. The Nasdaq -0.95%. Apple Inc rose +1.57% after announcing price rises for the app store in a number of Asian and European countries, likely a response to the surge in the U.S. dollar. Nvidia Corp (down -1.54%) hosted their GPU Technology Conference overnight and said that the launch of its next generation of gaming cards is well positioned. The RTX 4090 Gaming chips using the company’s next-generation “Ada Lovelace” architecture, said to perform up to four times faster than its previous generation RTX 3090 Ti, will be available on 12 October for a suggested retail price of US$1,599. Following the keynote address, Chief Executive Officer (CEO) Jensen Huang told analysts that while gaming end markets are soft, they’re not so soft that Nvidia won’t be able to sell excess inventory it has in the channel. The Dow Jones Transport Average, viewed as a barometer of economic health, dropped -2.27% to a near 19-month low, with all 20 components retreating. The small capitalisation Russell 2000 lost -1.40%.

    • 7 min
    Morgans AM: Tuesday, 20 September 2022

    Morgans AM: Tuesday, 20 September 2022

    US equity markets logged modest gains ahead of the Federal Reserve kicking off their latest two day monetary policy meeting tonight AEST - Dow up +197-points or +0.64%, recovering from an earlier session decline of as much as -263-points. The broader S&P500 added +0.69%, with Materials (up +1.63%), Consumer Discretionary (+1.34%), Industrials (+1.33%), Utilities (+1.32%) and Financials (+1.12%) all rebounded over >1% to lead nine of the eleven primary sectors higher. Healthcare (down -0.54%) and Real Estate (-0.21%) were the only primary sectors to close in the red. Vaccine manufacturers Pfizer Inc (-1.28%), Moderna Inc (down -7.14%), BioNTech SE (-8.60%) and Novavax Inc (-6.51%) all declined a day after President Joe Biden said in a CBS interview that "the pandemic is over". Ford Motor Co fell over >4% in extended trading after the automaker told investors it saw a +US$1B increase in supply chain costs during the third quarter. Ford reiterated its full-year guidance for adjusted earnings before interest and taxes (EBIT) of between US$11.5B and US$12.5B. The company is slated to release its third quarter result on 26 October. The Nasdaq rose +0.76%. Chipmaker Nvidia Corp (up +1.39%) hosts a GTC Financial Analyst Q&A tonight AEST. The small capitalisation Russell 2000 gained +0.81%.

    • 4 min
    Morgans AM: Monday, 19 September 2022

    Morgans AM: Monday, 19 September 2022

    US equity markets retreated to two-month lows on Friday (16 September) to cap a tough week for stocks amid ongoing inflation concerns, looming further interest rate hikes and some fresh warning signs about economic growth - Dow fell -139-points or -0.45%, paring an earlier decline of as much as -412 points. Goldman Sachs Group Inc's fell -1.63%, with Bloomberg Law reporting that the company’s consumer banking unit is being reviewed by the Federal Reserve, citing people familiar with the matter. Goldman's management has been subjected to questions and follow-ups from the central bank's officials for several weeks, the report said, adding that the process was still ongoing. The broader S&P500 -0.72%, with Energy (down -2.17%) and Industrials (-2.06%) leading all eleven primary sectors lower. FedEx Corp tumbled -21.4% the shipments company and economic bellwether withdrew its full year financial forecast after the close of last Thursday’s (15 September) session, blaming an acceleration in a global demand slowdown. The company also said it will implement cost-cutting initiatives to contend with soft global shipment volumes as “macroeconomic trends significantly worsened.” FedEx Chief Executive Officer (CEO) Raj Subramaniam told CNBC late Thursday (15 September) that the global economy was likely headed for a recession. United Parcel Service Inc fell -4.48%. Home Depot Inc’s (up +1.63%) CEO Ted Decker told CNBC on Friday (16 September) that “Our consumer, our customer, pro and DIY have been resilient,” responding to questioning about whether he has seen the same signs of recession that FedEx CEO Raj Subramaniam had warned of a day earlier. Mr Decker further observed that “Our customer tends to have strong income. They tend to be homeowners. And guess what, they’re spending more time in that home, and that home’s aging,” adding that “We couldn’t be more bullish.” General Electric Co fell -3.7% after the company’s chief financial officer (CFO) Carolina Happe said at a Morgan Stanley investor conference that persistent supply-chain pressures were putting the conglomerate’s cash flow under pressure. The Nasdaq fell -0.90%. The small capitalisation Russell 2000 lost -1.48%. The Dow Jones Transport Average, viewed as a barometer of economic health, dropped -5.07%.

    • 7 min
    Morgans AM: Friday, 16 September 2022

    Morgans AM: Friday, 16 September 2022

    US equity markets retreated, extending losses in the afternoon session as a slew of economic data failed to alter expectations for further aggressive monetary policy tightening - Dow fell -173-points or -0.56%, The broader S&P500 lost -1.13% but held just above >3,900, with Energy (down -2.54%), Utilities (-2.53%), Information Technology (-2.37%) and Real Estate (-2.24%) all declining over >2% to lead nine of the eleven primary sectors lower. The Biden administration helped broker a tentative deal with unions to avert a strike, thereby avoiding a rail shutdown which would add to supply-chain pressures at the core of hot inflation. Union Pacific Corp added +0.19%. The Nasdaq shed -1.42%, with Amazon.com Inc (down -1.77%), Apple Inc (-1.89%), and Microsoft Corp (-2.71%) notable drags on the technology centric index. The small capitalisation Russell 2000 lost -0.72%.
    • FedEx Corp slumped over >16% in extended trading the shipments company and economic bellwether withdrew its full-year guidance, and said it will implement cost-cutting initiatives to contend with soft global shipment volumes as “macroeconomic trends significantly worsened.” The company said it is closing 90 office locations, shut down five corporate office facilities and pause hiring efforts, as part of those cost-cutting measures. In its preliminary results, FedEx reported earnings per share (EPS) of US$3.33 per share in its first quarter, down -19% from a year ago and well below the US$5.14 per share Wall Street expected. Revenue increased +5% from a year ago to $23.2bn but was slightly below analysts’ forecast for US$23.6B. The company said it expects business conditions to further weaken in the current quarter and forecast revenue to be in the range of US$23.5B to US$24B, with EPS of US$2.65 “or greater”. That compares to current Wall Street expectations for revenue of US$24.9B and EPS of $5.39. FedEx is slated to release its first quarter result on Thursday next week (22 September).

    • 5 min

Customer Reviews

4.5 out of 5
21 Ratings

21 Ratings

Lostinthedark ,

Reliable podcast

Short, succinct - this podcast is reliable and informative - plus it continues to report each morning over the New Year holiday period when others go silent.

Jupiter61 ,

Good content

Love Morgans AM series: short and sharp, good listen on the way to work.

dommh ,

Great interviews

Great content and so many interesting guests/interviews

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