Yearly Archives - 2022

Wall St gains, Macquarie rates Super Retail, Myers, Xero, Appen, Perpetual on watch: ASX to rise

26 May 2022 - US stocks popped higher as investors felt hopeful that the economy will slow down enough for the central bank to consider adjusting its rate hiking cycle towards year end while digesting a weaker outlook from retail giants. M&As are heating up. Keep an eye out for Westpac (ASX:WBC), Infratil (ASX:IFT), Perpetual (ASX:PPT), and Pendal Group (ASX:PDL).

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Snap dives 28% pulling ASX tech giants lower on rising inflation

24 May 2022 - Snap’s share price dived over 28% after an earnings miss, warning investors of a hiring slowdown with the Nasdaq futures falling 1.3% as investors fret about tech giant’s reliance on internet advertising. The news pulled Facebook-owner Meta Platforms and Google-owner Alphabet down 7 and almost 4% respectively.

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