Bloomberg is no longer free. I stopped reading it. Migrated to Reuters which is just as good but free of charge.
How do you feel about the financial news?
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Bloomberg is no longer free. I stopped reading it. Migrated to Reuters which is just as good but free of charge.
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Agreed
I checked asx stock market news and research regularly to get updated with latest ongoing in the market.
I checked asx stock market news and research regularly to get updated with latest ongoing in the market.
I have recently started using the website of City falcon to track all Australia financial news. So far it's excellent when it comes to coverage and all the small caps news. It is an aggregator of 2000+ news sources including Bloomberg, Reuters etc. I have personally sent them a list of topics I want to follow so that I can get the news. I recommend to give it a go.
I have attached screenshot of what my current new WL looks like:
Hope my comment helps the group here
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ABC has a good Primer on understanding the Annual Company reports.
ASX corporate profit reporting season explained, plus a calendar of key dates
Companies listed on the ASX are releasing their latest financial results, offering a twice-a-year insight into how your share investments are really performing, as opposed to the daily noise of what their price is doing.
But, while it's easy to understand whether a share price is going up or down, it's much harder to decipher a company's profit result.
There's often some large numbers involved, many of which are pretty confusing.
For one thing, why do some companies publish several profit figures and why are they all so different? Which one is the best?
What's a write-down and why is a company that has just made a billion-dollar loss still paying a dividend?
I'm not an equity analyst or auditor who spends their whole working week looking at company accounts, but this my 25th company reporting season as a financial journalist so let me walk you through a few of the key numbers we look at and what some of the jargon means in plain English.
https://www.abc.net.au/news/2020-08-06/corporate-profit-reporting-season-explainer-calendar/12518716
ASX corporate profit reporting season explained, plus a calendar of key dates
Companies listed on the ASX are releasing their latest financial results, offering a twice-a-year insight into how your share investments are really performing, as opposed to the daily noise of what their price is doing.
But, while it's easy to understand whether a share price is going up or down, it's much harder to decipher a company's profit result.
There's often some large numbers involved, many of which are pretty confusing.
For one thing, why do some companies publish several profit figures and why are they all so different? Which one is the best?
What's a write-down and why is a company that has just made a billion-dollar loss still paying a dividend?
I'm not an equity analyst or auditor who spends their whole working week looking at company accounts, but this my 25th company reporting season as a financial journalist so let me walk you through a few of the key numbers we look at and what some of the jargon means in plain English.
https://www.abc.net.au/news/2020-08-06/corporate-profit-reporting-season-explainer-calendar/12518716
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The big news last week was a massive unwinding of a stock play by the private investment company Archegos.
Age old story. Borrow a truck load of money to bet on shares but if it goes south you lose everything and the lenders are also in trouble.
So how did it all go south? When his strategy backfired and trading positions swung in an unfavourable direction, the banks that were so happy to give Hwang money to play with issued margin calls – meaning he had to pony up some significant collateral to cover the losses. When he failed to pony up and defaulted on said margin calls, the banks had no choice but to stop the bleeding, limit exposure, and liquidate at a discounted price – triggering a historic sell-off.
Hwang and Archegos Capital Management find themselves at the centre of what is being described as a “multibillion-dollar fiasco” involving secretive market bets that were both “dangerously leveraged” and “unwound in a blink”. Stocks dumped reportedly include everything from ViacomCBS, Discovery, Farfetch, Shopify, GSX Techedu, Baidu, Tencent, and more. As you can imagine, this didn’t exactly do wonders for their respective share prices.
www.forbes.com
www.bosshunting.com.au
Age old story. Borrow a truck load of money to bet on shares but if it goes south you lose everything and the lenders are also in trouble.
So how did it all go south? When his strategy backfired and trading positions swung in an unfavourable direction, the banks that were so happy to give Hwang money to play with issued margin calls – meaning he had to pony up some significant collateral to cover the losses. When he failed to pony up and defaulted on said margin calls, the banks had no choice but to stop the bleeding, limit exposure, and liquidate at a discounted price – triggering a historic sell-off.
Hwang and Archegos Capital Management find themselves at the centre of what is being described as a “multibillion-dollar fiasco” involving secretive market bets that were both “dangerously leveraged” and “unwound in a blink”. Stocks dumped reportedly include everything from ViacomCBS, Discovery, Farfetch, Shopify, GSX Techedu, Baidu, Tencent, and more. As you can imagine, this didn’t exactly do wonders for their respective share prices.
Market Fallout Continues From Bill Hwang’s Archegos Collapse
Bill Hwang's fund collapse has apparently had significant knock-on effects for both the banks and the stocks involved.
www.forbes.com
How One Bloke's Secret $20 Billion Fortune Disappeared In Two Days
Here's a breakdown of how Bill Hwang fell from grace, returned in force, only to fall again thanks to Archegos Capital Management.
www.bosshunting.com.au
wayneL
VIVA LA LIBERTAD, CARAJO!
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Pretty much how I feel about the rest of the news, absolute bollocks.
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i look at it , without a lot of enthusiasm , being a contrarian , i consider IF the news will spark a market move ( in an area i am interested in )
if the movement is liable to be down , i calculate a possible buying price , if up ( and i hold ) a reduce or exit price ( should i decide to sell )
if not i just watch and try to learn was it just bluff ( pump'n'dump ), or maybe a short-seller play hoping to trip stop-losses
i am not agile enough for most trading styles but sometimes the market moves enough to present me an opportunity
i use various sources and change them from time to time
obviously for the serious traders accurate , timely news is their bread and boat , normally i miss the boat , but sometimes the market over-reacts ( both ways and i still get an acceptable result
what i DON'T do ( so far ) is use leverage , so am not a forced seller ( even sadly when i should have bailed early , because that was the right move , leveraged or not )
if the movement is liable to be down , i calculate a possible buying price , if up ( and i hold ) a reduce or exit price ( should i decide to sell )
if not i just watch and try to learn was it just bluff ( pump'n'dump ), or maybe a short-seller play hoping to trip stop-losses
i am not agile enough for most trading styles but sometimes the market moves enough to present me an opportunity
i use various sources and change them from time to time
obviously for the serious traders accurate , timely news is their bread and boat , normally i miss the boat , but sometimes the market over-reacts ( both ways and i still get an acceptable result
what i DON'T do ( so far ) is use leverage , so am not a forced seller ( even sadly when i should have bailed early , because that was the right move , leveraged or not )
Craton
Mostly passive, contrarian.
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An update of sorts.
With so much "info" out there it's easy to become overwhelmed so I focus on what is important and what could/would impact on me personally.
News from govt, companies and various sources like ABC Radio, Commsec, Reserve Bank, ASX and here on ASF etc.
Having multiple feeds both local and international I find is useful/vital in filtering out the crud, so just I tend to stick to factual fin. news that pertains to me or, could lead me to make a buy, sell or hold decision.
To you Joe and ASF posters/members that have lead me to discover new prospects/industries, trading news (e.g. the Gold Day Trading thread), news on specific stocks (like APT) and the myriad of trading, economics, finance (whether news or not) discussed herein, I thank you all.
Let me add, there is a lot of "good oil here".
With so much "info" out there it's easy to become overwhelmed so I focus on what is important and what could/would impact on me personally.
News from govt, companies and various sources like ABC Radio, Commsec, Reserve Bank, ASX and here on ASF etc.
Having multiple feeds both local and international I find is useful/vital in filtering out the crud, so just I tend to stick to factual fin. news that pertains to me or, could lead me to make a buy, sell or hold decision.
To you Joe and ASF posters/members that have lead me to discover new prospects/industries, trading news (e.g. the Gold Day Trading thread), news on specific stocks (like APT) and the myriad of trading, economics, finance (whether news or not) discussed herein, I thank you all.
Let me add, there is a lot of "good oil here".
Garpal Gumnut
Ross Island Hotel
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All Financial News is Fake News imo.
It is written with intent
: News outlets : To boost circulation/clicks/sell advertising
: Brokers. : To sell stock to gulls that will fall in price that will be sold. Commissions x 2 there
: Analysts : To sell their story which is that they have supposedly more info than anyone else circ/clicks/adv
: Tip Sheets. : To sell tip sheets
: Companies. : To cover a*se prior to an imminent collapse in price ( I only look at Company ASX announcements )
Forums and wide reading and feet on ground e.g in minings areas, mining expos, retail spaces gives much more info. It is amazing what information is available in country pubs close to miners.
I do hope Hotcopper never go broke though. I'd hate to have those lunatics who post there on ASF.
gg
It is written with intent
: News outlets : To boost circulation/clicks/sell advertising
: Brokers. : To sell stock to gulls that will fall in price that will be sold. Commissions x 2 there
: Analysts : To sell their story which is that they have supposedly more info than anyone else circ/clicks/adv
: Tip Sheets. : To sell tip sheets
: Companies. : To cover a*se prior to an imminent collapse in price ( I only look at Company ASX announcements )
Forums and wide reading and feet on ground e.g in minings areas, mining expos, retail spaces gives much more info. It is amazing what information is available in country pubs close to miners.
I do hope Hotcopper never go broke though. I'd hate to have those lunatics who post there on ASF.
gg
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I mostly use CNBC, Kitco and the Age business for news source, sometimes Marketwatch. Having Gold shares, Kitco has a lot of commentary to do with the metals market and Crypto.
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BUT do they make a share price move in a desirable direction ( for me ) that MOVEMENT might be important to me ,
but yes company announcements and your own calculator , are very important information sources just be sure to find Marcus Padley's ideas on reading through company reports ( generally ) that can help .
but HC is a very important training ground for new traders ( i don't trade normally ) , you have all the noise , misdirection , hormones and egos , all the essential things a new trader must know how to filter or shut out
i just learned all those things on race-courses as a teen/young adult ( and to be a contrarian in the mix )
I watch the finance section on the free to air channel my wife likes to watch in the morning and evening but don't pay any attention to it.
I'm not trading based on fundamentals and any news real or not is simply noise. If the news moves the price enough I might get a buy or sell signal but I'm looking at the price action and not trying to make sense of the news.
For the same reason I don't usually follow individual stock threads on forums including ASF.
I'm not trading based on fundamentals and any news real or not is simply noise. If the news moves the price enough I might get a buy or sell signal but I'm looking at the price action and not trying to make sense of the news.
For the same reason I don't usually follow individual stock threads on forums including ASF.
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Interesting opinion from Michael Pascoe on company reps vs the truth.
thenewdaily.com.au
Michael Pascoe: Business lobbyists don’t tell the truth
When dealing with business lobbyists, one must start with the assumption that they are not telling the truth.
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yes there has been a steady trend towards infomercials and advertorials in the mainstream media ( after all most of them rely on ad revenue , so why not co-mingle ads and featured articles )Interesting opinion from Michael Pascoe on company reps vs the truth.
Michael Pascoe: Business lobbyists don’t tell the truth
When dealing with business lobbyists, one must start with the assumption that they are not telling the truth.
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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And The New Daily. Incorruptible and without agendas. Financially independent, too!Interesting opinion from Michael Pascoe on company reps vs the truth.
Michael Pascoe: Business lobbyists don’t tell the truth
When dealing with business lobbyists, one must start with the assumption that they are not telling the truth.
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Do we know of any media outlet without an agenda ?
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i would prefer they were at least balanced , but that is not the trend , sure company presentations are trying to put the company in a good light , and you should expect that , but the general news should be also looking in the dark cupboards and dusty corners
thank goodness Alt. media has spawned an era of podcasters with their viewpoints ( for all their warts and biases )
Good evening
Interesting question and certainly most pertinent for our trade. Assuming traders would read widely / research to substantiate or otherwise, to the requisite level needed by that trader, to assist in making an evidence-based decision to buy or sell. Yeah something like that.. maybe.
On occasions, financial news can come direct from the 'horse's mouth', particularly requested to clarify something said by the company in an important announcement or written up in an article by the media. Always received an email response back. Pretty much promptly overall. For mine, accepting of what the company says, is a matter for the trader on balance with allot of things. Sometimes will accept, other times hit the delete button ha ha ha ha.
Do read widely, whether paid subscription or otherwise.
Have a very nice weekend.
Kind regards
rcw1
Interesting question and certainly most pertinent for our trade. Assuming traders would read widely / research to substantiate or otherwise, to the requisite level needed by that trader, to assist in making an evidence-based decision to buy or sell. Yeah something like that.. maybe.
On occasions, financial news can come direct from the 'horse's mouth', particularly requested to clarify something said by the company in an important announcement or written up in an article by the media. Always received an email response back. Pretty much promptly overall. For mine, accepting of what the company says, is a matter for the trader on balance with allot of things. Sometimes will accept, other times hit the delete button ha ha ha ha.
Do read widely, whether paid subscription or otherwise.
Have a very nice weekend.
Kind regards
rcw1
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