Optiscan Imaging Limited (ASX:OIL) shareholders might be concerned after seeing the share price drop 23% in the last quarter. But over five years returns have been remarkably great. To be precise, the stock price is 336% higher than it was five years ago, a wonderful performance by any measure. So it might be that some shareholders are taking profits after good performance. Only time will tell if there is still too much optimism currently reflected in the share price.With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if…
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Getty Images; Jenny Chang-Rodriguez/BIPositioning in financial stocks is light relative to other sectors, Morgan Stanley says.It sees the group as underappreciated, citing its exposure to economic strength.Investors have been sticking to defensive and quality stocks despite strong data.Investors are lingering in defensive trades that don’t take advantage of the economy’s strength, Morgan Stanley said, highlighting opportunities in underinvested sectors.The firm — which just last week upgraded cyclical stocks to “overweight” relative to defensives — described the financials group as particularly attractive.Morgan Stanley said net exposure to financials was in the bottom 15th percentile of a historical data series that goes…
By Kirsty Needham SYDNEY (Reuters) – Growth across the Pacific Islands is expected to slow to 3.6% this year, down from 5.8% in 2023, as a post-pandemic rebound fades and Fiji, contributing half of the region’s output, slowed significantly, the World Bank said on Tuesday. A long-term slowdown was caused by weaker investment, increasing climate risks, and structural challenges, a report said. Without immediate action to ramp up investment, Pacific Island nations may struggle to reduce poverty and generate new economic opportunities, it added. The Washington-based global lender said investment had shrunk on average across Pacific Island countries in seven…
By Rahul Trivedi BENGALURU (Reuters) -Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of aggressive U.S. Federal Reserve easing weaken the rupiah, a Reuters poll found. Inflation eased to a multi-year low of 1.84% in September and has been within BI’s target of 1.5% to 3.5% throughout 2024, suggesting the central bank could further lower rates before year-end. Despite BI’s intervention to stabilise the rupiah last week, the currency has fallen more than 3% from a September peak following a strong U.S. employment report. That suggests…
Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. Source link
By Mike Scarcella (Reuters) -Google has asked a California federal judge to pause his sweeping court order requiring it to open up its app store Play to greater competition. In a court filing on Friday night, Google said U.S. District Judge James Donato’s injunction order, which goes into effect on Nov. 1, would harm the company and introduce “serious safety, security, and privacy risks into the Android ecosystem.” The tech giant, a unit of Alphabet (NASDAQ:), asked Donato to stay the order while it pursues an appeal. The judge issued the injunction on Oct. 7 in a case brought by…
Cerebras is approaching chipmaking differently. Can it carve out a space for itself in an industry of titans? In this podcast, Motley Fool host Dylan Lewis and analysts Asit Sharma and Jason Moser discuss: The dockworkers strike, its daily cost, and the industries it could impact most. (Editor’s note: This podcast was recorded before the strike was called off.) Upcoming AI chip IPO Cerebras, and how the company is approaching high-performance chips differently than the competition. Fresh earnings from: Nike, Paychex, and McCormick. Two stocks worth watching: PepsiCo and Joby Aviation. October 2024 marks 20 years of Rule Breakers at…
Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The SiteJames Howells, etched in the history books for accidentally discarding Bitcoin (CRYPTO: BTC), which is worth more than half a billion dollars today, took a major step in retrieving them.What Happened: In a last-ditch effort, the Wales-based software engineer filed a lawsuit against Newport City Council for roughly 495.31 million British pounds, or about $647 million, in damages for repeatedly denying his request to excavate the landfill site housing the discarded hard drive, which contains around…
By Jeff Mason and Nandita Bose (Reuters) – Democratic presidential nominee Kamala Harris could sit down with popular podcaster Joe Rogan for an interview in the final stretch of the U.S. presidential campaign, three sources with knowledge of the matter said on Monday. Harris campaign officials met with Rogan’s team this week but an appearance has not been confirmed yet, two of the sources said. Rogan, who runs the most popular podcast in the United States, has a highly coveted and devoted following that leans young, male and numbers in the tens of millions. The interview will offer Harris an…
The popularity of anime — or animation produced in Japan — has boomed in recent years, and several global entertainment companies are leading in, according to Jefferies. “Many companies are now positioning anime-related businesses as core to their growth strategies,” the investment bank’s analysts said in an Oct. 9 equity research note. The key driver, they said, is overseas expansion. “The size of the overseas market has expanded rapidly over the past 10 years at a CAGR (compound annual growth rate) of 20%, and since Covid-19, it has grown to the same size as the Japanese market,” the analysts explained.…