scroll

Opinion + Action

The latest views from real investors with real money in the markets.

FIND OUT MORE

ANALYSIS
OPINION
ACTION

ANALYSIS

Market Analysis

KKC.AX

0.86%

ABG.AX

-0.87%

ASK.AX

-3.59%

AX1.AX

ADT.AX

0.87%

AGL.AX

-2.34%

AIZ.AX

AAI.AX

1.11%

A4N.AX

-0.57%

ALQ.AX

-0.23%

AMC.AX

-0.8%

AOV.AX

1.05%

AMP.AX

AEL.AX

2.22%

ALD.AX

0.12%

ANN.AX

-0.07%

ANZ.AX

0.13%

APA.AX

-0.6%

ARB.AX

0.41%

ARF.AX

-1.37%

ARG.AX

ALL.AX

-1.1%

APZ.AX

2.34%

ASX.AX

-0.96%

ALX.AX

-1.37%

AUB.AX

-0.18%

AIA.AX

-0.88%

AD8.AX

1.39%

AZJ.AX

0.32%

ABB.AX

ASB.AX

-2.39%

AAC.AX

1.11%

ACL.AX

AEF.AX

-2.44%

AFG.AX

1.44%

AFI.AX

0.13%

AUI.AX

-0.54%

BOQ.AX

-0.13%

BMN.AX

3.36%

BAP.AX

0.96%

BCI.AX

-1.43%

BPT.AX

BLX.AX

2.7%

BGA.AX

-2.83%

BGL.AX

-3.17%

BEN.AX

-0.77%

BHP.AX

2.77%

BKI.AX

-1.11%

BC8.AX

0.65%

XYZ.AX

-0.97%

BSL.AX

BOE.AX

-1.97%

BXB.AX

-0.3%

BVS.AX

1.89%

BRG.AX

0.33%

BKW.AX

-0.62%

BFL.AX

3.94%

BWP.AX

-1.69%

CMM.AX

-2.33%

CSC.AX

-3.61%

CAR.AX

0.98%

CIN.AX

0.74%

CYL.AX

-6.35%

CAT.AX

-2.85%

CWP.AX

-0.27%

CNI.AX

-1.41%

CIP.AX

-0.95%

COF.AX

-0.85%

CHN.AX

-2.37%

CGF.AX

-0.37%

CIA.AX

3.37%

CHC.AX

-1.39%

CLW.AX

-1.93%

CNU.AX

-0.76%

CQR.AX

-1.81%

C79.AX

0.2%

CQE.AX

-0.35%

CVL.AX

-1.27%

CU6.AX

-0.71%

CWY.AX

1.41%

CUV.AX

1.05%

CBO.AX

COH.AX

0.24%

CDA.AX

-1.33%

COL.AX

-0.29%

CKF.AX

-0.99%

CBA.AX

-0.53%

CPU.AX

0.54%

CEN.AX

-1.66%

CTD.AX

1.92%

CCP.AX

-0.68%

CMW.AX

1.37%

CSL.AX

-0.61%

CCL.AX

0.94%

DBI.AX

0.67%

DTL.AX

-0.9%

DYL.AX

DRR.AX

2.52%

DVP.AX

-3.76%

DXS.AX

-0.58%

DXI.AX

-1.45%

DDR.AX

-0.48%

DGT.AX

-1.32%

DUI.AX

-0.56%

DJW.AX

-1.26%

DHG.AX

-0.45%

DMP.AX

1.22%

DOW.AX

2.29%

DRO.AX

3.75%

DNL.AX

0.35%

APE.AX

0.05%

EBO.AX

-1.35%

EBR.AX

0.43%

ELD.AX

-0.46%

EOS.AX

EMR.AX

-2.71%

EDV.AX

1.72%

ERA.AX

EQT.AX

EVN.AX

-1.46%

EVT.AX

-0.43%

FCL.AX

1.18%

FFM.AX

-5.68%

FPH.AX

-1.66%

FPR.AX

0.63%

FBU.AX

-0.36%

FLT.AX

0.15%

FMG.AX

2.85%

FGX.AX

FGG.AX

0.67%

GEM.AX

-3.23%

GLF.AX

2.76%

GDG.AX

-0.78%

GNE.AX

1.86%

GMD.AX

-2.43%

GTK.AX

-5.76%

GNP.AX

0.47%

GOR.AX

-1.25%

GMG.AX

-1.75%

GPT.AX

-1.38%

GQG.AX

GNG.AX

GNC.AX

0.13%

GGP.AX

1.85%

GOZ.AX

-3.31%

GCI.AX

-0.49%

GYG.AX

-2.15%

GWA.AX

1.25%

HSN.AX

-0.83%

HVN.AX

0.36%

HLS.AX

1.34%

HM1.AX

0.62%

HLI.AX

0.8%

HMC.AX

-3.85%

HDN.AX

-0.8%

HUB.AX

0.81%

IEL.AX

-3.28%

IGO.AX

1.77%

ILU.AX

22.86%

IMD.AX

0.38%

IFT.AX

-1.49%

INA.AX

-0.77%

ING.AX

-0.56%

IFL.AX

1.78%

IAG.AX

-0.59%

IDX.AX

-0.77%

IPX.AX

15.55%

IPH.AX

0.79%

IRE.AX

-1.17%

JHX.AX

1.47%

JBH.AX

-2.09%

JLG.AX

22.64%

JDO.AX

-0.31%

JIN.AX

0.61%

KAR.AX

-1.08%

KLS.AX

-0.52%

KCN.AX

LSF.AX

-0.67%

LFS.AX

LLC.AX

-2.42%

LFG.AX

1.09%

360.AX

-1.52%

LIC.AX

-5.38%

LNW.AX

-0.01%

LTR.AX

1.25%

LOV.AX

-2.48%

LYC.AX

16.65%

MAF.AX

-4.16%

MGH.AX

-0.24%

MAC.AX

0.16%

MAH.AX

-1.69%

MQG.AX

-1.46%

MAQ.AX

-0.55%

MAD.AX

-1.47%

MFG.AX

0.73%

MMS.AX

0.94%

MPL.AX

-0.98%

MP1.AX

0.31%

MCY.AX

1.43%

MEZ.AX

0.74%

MSB.AX

0.61%

MLX.AX

7.32%

MTS.AX

-0.25%

MOT.AX

-0.49%

MXT.AX

-0.97%

MFF.AX

MIN.AX

7.76%

MIR.AX

-0.6%

MGR.AX

-1.82%

MND.AX

0.96%

MYR.AX

-0.79%

MYS.AX

-0.23%

NAN.AX

-0.76%

NAB.AX

-0.33%

NSR.AX

NGI.AX

-1.78%

NWL.AX

0.5%

NEU.AX

-0.27%

NHC.AX

2.53%

NEM.AX

0.24%

NWS.AX

0.04%

NXG.AX

2.38%

NXT.AX

0.07%

NHF.AX

0.14%

NCK.AX

-1.96%

NIC.AX

0.68%

NEC.AX

-1.21%

NST.AX

-2.23%

NWH.AX

1.98%

NUF.AX

-1.2%

NXL.AX

-1.44%

OCL.AX

0.84%

OML.AX

-0.57%

OPH.AX

-0.32%

OBM.AX

-8.97%

ORI.AX

-0.34%

ORG.AX

0.6%

ORA.AX

0.48%

PDN.AX

-0.43%

PNR.AX

-4.62%

PGC.AX

-2.5%

PPC.AX

3.19%

PPM.AX

1.37%

PRN.AX

2.09%

PCI.AX

-0.41%

PPT.AX

-0.14%

PRU.AX

-0.56%

PXA.AX

-0.31%

PLS.AX

1.64%

PNI.AX

0.52%

PL8.AX

1.44%

PGF.AX

PNV.AX

PDI.AX

PMV.AX

-0.1%

PME.AX

-0.11%

PFP.AX

0.22%

PWH.AX

-1.05%

PYC.AX

QAN.AX

0.19%

QBE.AX

-1.22%

QOR.AX

-2.35%

QRI.AX

-0.31%

QAL.AX

-1.13%

QUB.AX

RMS.AX

-1.67%

RHC.AX

-0.08%

REA.AX

-0.82%

RDX.AX

-1.8%

REH.AX

-0.37%

RF1.AX

0.34%

RPL.AX

1.54%

RGN.AX

-0.44%

REG.AX

-3.09%

RRL.AX

-0.67%

RWC.AX

1.19%

RMD.AX

0.46%

RSG.AX

0.76%

SGLLV.AX

-0.29%

RIC.AX

-1.39%

RIO.AX

2.28%

RUL.AX

-1.5%

RFF.AX

SFR.AX

-0.9%

STO.AX

-0.91%

SCG.AX

-1.33%

SEK.AX

-0.37%

SHV.AX

SRV.AX

2.09%

SSM.AX

-1.53%

SGH.AX

0.2%

SIG.AX

0.35%

SLX.AX

0.76%

SGM.AX

0.97%

SDR.AX

-0.45%

SKC.AX

4.52%

SIQ.AX

0.13%

SHL.AX

0.44%

S32.AX

2.3%

SX2.AX

-2.34%

SPK.AX

-0.85%

SPR.AX

-1.31%

SRG.AX

-0.59%

SMR.AX

3.94%

SDF.AX

-1.01%

SGP.AX

-1.46%

SNZ.AX

0.82%

SUN.AX

-0.53%

SUL.AX

0.65%

SLC.AX

0.34%

SNL.AX

1.55%

TAH.AX

0.65%

TEA.AX

-1.17%

TNE.AX

-2.49%

TLX.AX

-1.55%

TLS.AX

-0.61%

TPW.AX

-0.05%

A2M.AX

-0.95%

TLC.AX

-0.56%

TPG.AX

0.55%

TCL.AX

-1.25%

TWE.AX

TUA.AX

-3.45%

TCG.AX

3.09%

URW.AX

-1.39%

UNI.AX

2.95%

VAU.AX

-1.27%

VNT.AX

-1.92%

VCX.AX

-1.57%

VGN.AX

-1.27%

VGL.AX

-0.31%

VEA.AX

-0.44%

VUL.AX

-13%

VSL.AX

0.76%

WA1.AX

0.68%

WAM.AX

0.61%

WGB.AX

WLE.AX

0.4%

SOL.AX

-0.84%

WPR.AX

-1.21%

WEB.AX

4.12%

WES.AX

-0.66%

WAF.AX

-2.59%

WGX.AX

-0.72%

WBC.AX

-0.18%

WHF.AX

0.89%

WHC.AX

2.68%

WTC.AX

-0.14%

WDS.AX

-0.13%

WOW.AX

-0.19%

WOR.AX

0.3%

XRO.AX

-1.46%

YAL.AX

0.65%

ZIM.AX

-0.73%

ZIP.AX

-1.72%

POPULAR ETFs	Close($)	+/-	%
A200 ASX 200	142.95	-0.19	-0.13
SSO ASX Small Caps	14.82	0.08	0.54
IVV S&P 500	63.34	-0.13	-0.2
NDQ Nasdaq	51.01	-0.26	-0.51
F100 FTSE 100	13.83	-0.06	-0.43
ASIA Asia Tech	11.75	0.03	0.26
IEU Europe	96.45	-0.8	-0.82
IEM Emerging Markets	74.10	-0.18	-0.24
Gold Gold	46.56	-0.02	-0.04
ACDC Battery Tech	93.23	1.26	1.37

COMMODITIES	Close($)	-/+	%
Gold	3,355.48	32.7915	0.99
Silver	38.37	1.3353	3.61
Platinum	1,398.53	37.79	2.78
Palladium	1,215.00	73.0878	6.4
Ice Brent Crude	70.63	1.99	2.9
CURRENCIES	Close($)	-/+	%
Australian Dollar	0.6578	-0.0009	-0.14
Euro	1.1689	-0.0011	-0.09
British Pound	1.3499	-0.0074	-0.55
Canadian Dollar	1.3688	0.0034	0.25
New Zealand Dollar	0.6009	-0.0026	-0.43
Chinese Yuan	7.1681	-0.0067	-0.09
Japanese Yen	147.4000	1.15	0.79

What We're Watching

10 Stocks We like Here & Now

Code	Company	Price($)	Today	1 Year Return	52 Week Range($)
CAT	Catapult Group International Ltd	5.80	-2.85%	188.56%	1.74 6.33
DBI	Dalrymple Bay Infrastructure Ltd	4.53	0.67%	49.50%	3.00 4.54
HSN	Hansen Technologies Ltd	4.78	-0.83%	8.88%	4.04 5.88
JHX	James Hardie Industries Plc	42.90	1.47%	-7.92%	31.86 59.53
MGR	Mirvac Group	2.16	-1.82%	11.92%	1.81 2.42
NSR	National Storage Reit	2.33	0%	-0.85%	2.05 2.59
PDN	Paladin Energy Ltd	6.93	-0.43%	-50.43%	3.93 14.28
RUL	Rpmglobal Holdings Ltd	3.28	-1.5%	0.00%	2.20 3.35
SFR	Sandfire Resources Ltd	11.00	-0.9%	21.15%	7.79 11.88
WOR	Worley Ltd	13.41	0.3%	-7.84%	11.07 15.81

10 Top Gainers | <$500m

Code	Company	Last($)	% Chg
ILU	Iluka Resources	4.89	22.86
JLG	Johns Lyng Group	3.90	22.64
LYC	Lynas Rare Earth	9.67	16.65
IPX	Iperionx	4.98	15.55
MIN	Mineral Resource	27.49	7.76
MLX	Metals X	0.66	7.32
SKC	Skycity Entertai	0.93	4.52
WEB	Web Travel Group	4.80	4.12
BFL	Bsp Financial	8.44	3.94
SMR	Stanmore Resourc	2.11	3.94

10 Biggest Fallers | <$500m

Code	Company	Last($)	% Chg
VUL	Vulcan Energy	3.48	-13
OBM	Ora Banda Mining	0.66	-8.97
CYL	Catalyst Metals	4.87	-6.35
GTK	Gentrack Group	11.28	-5.76
FFM	Firefly Metals	1.08	-5.68
LIC	Lifestyle Commun	4.57	-5.38
PNR	Pantoro Gold	2.89	-4.62
MAF	Ma Financial	7.61	-4.16
HMC	Hmc Capital	3.75	-3.85
DVP	Develop Global	4.61	-3.76

OPINION

Latest Market Matters Opinions

12/07/2025 09:31

First Up

The ASX200 slipped 0.3% last week after dancing around the psychological 8600 level almost daily. While the index traded in a tight range, it was a very different story on the stock and sector level, with utilities surging +3.4% while real estate fell -3.2%, two theoretically rate-sensitive sectors moving in opposite directions. However, most of the action unfolded in the resources with a strong advance by iron ore in the back end of the week, helping heavyweight BHP Group (BHP) bounce over $2 to test its March high.

11/07/2025 17:08

Broker Moves

• Charter Hall Group Cut to Underperform at Macquarie; PT A$17.31 • Lynas Raised to Buy at Jefferies; PT A$10 • Centuria Capital Cut to Neutral at Macquarie; PT A$1.79 • Scentre Group Cut to Underperform at Macquarie; PT A$3.18 • Region Group Raised to Neutral at Macquarie; PT A$2.16 • Growthpoint Cut to Neutral at Macquarie; PT A$2.40 • Goodman Group Cut to Neutral at Macquarie; PT A$35.24 • Charter Hall Retail Cut to Underperform at Macquarie; PT A$3.51 • Vicinity Centres Cut to Underperform at Macquarie; PT A$2.04 • Charter Hall Long WALE Cut to Underperform at Macquarie • Centuria Industrial Cut to Neutral at Macquarie; PT A$3.22 • Netwealth Cut to Neutral at Evans & Partners Pty Ltd; PT A$33.40 • Service Stream Reinstated Neutral at Barrenjoey; PT A$2 • Nick Scali Cut to Neutral at Jarden Securities; PT A$17.71 • Bannerman Energy Rated New Overweight at JPMorgan; PT A$3.10 • Ventia Services Cut to Neutral at Barrenjoey; PT A$5.05 • Downer EDI Raised to Overweight at Barrenjoey; PT A$6.80 • Amcor GDRs Raised to Neutral at Barrenjoey; PT A$14.50 • CSL Raised to Buy at Morgans Financial Limited; PT A$303.70

ACTION

image description

Only available to Members

Take a free 14 day Market Matters trial – full access to all our reports, portfolios, positions, buy and sell recommendations. Access the latest views on the latest developments from professional money managers. It’s free and no payment details are required

For membership options and pricing.

Click here

Members only

UNLOCK MARKET MATTERS NOW

Take a free trial.

No payment details required.

Market Matters Content

ETF Friday: Looking to small-cap ETFs for another leg higher in stocks

Morning report 11/07/2025

Afternoon Report

The Match Out: ASX dips, Rare Earth stocks roar, as U.S Govt buys in

Afternoon report 11/07/2025

Ask James ASK A QUESTION

Ask James

Question asked 12/07/2025

Follow up on ETF question from last week

Hi James

Regards the thought bubble from last weeks questions ‘ that ETFs are a Ponzi Scheme’, I would like to say you addressed one part of the answer.

If ETFs invest in say the ASX 300 stocks (Index Fund) they are buying stocks in CBA, BHP etc in proportion to the Index, CBA 12%.

There is no Ponzi scheme, there is no scam on investors. However, the market could be overvalued or certain stocks overvalued. That is for every investor to decide.

My two questions- first I have owned CBA (and CSL as well) for years. I am inclined to sell some CBA but the capital gains tax will take 20-25%. What alternatives are there to selling?

Second I like the ease of investing in Index funds and LICs such as Argo. Argo are trading at a 12% discount to stated net assets. This seems to be a deep value investment at the moment. What am I missing? They own CBA but at a lower percent to the Index.

Ask James

Question asked 12/07/2025

Adobe

I am interested to know your views on Adobe.. Have watched them for a while but as yet not bought any.. There was some concerns of how Adobe was executing with AI.. Figures do look pretty impressive over most recent reports unless there is something I am missing and they are aprox 23 times pe and 18 x fy 26 which certainly doesn’t seem too expensive..

Featured podcasts Subscribe to podcasts

Friday 11th July – Dow up +192pts, SPI up +27pts 11/07/2025 08:18am Listen now

Thursday 10th July – ASX +65pts, NWL 10/07/2025 12:59pm Listen now

Weekly video update Subscribe to videos

Market Matters Video Update: Portfolio Performance update for September 2024 11/10/2024

MM Market Matters Portfolios

GO TO ALL PORFOLIOS

13.39% Active Growth Portfolio

23 Shawn’s Trade Ideas

11.31% Active Income Portfolio

15.72% International Equities Portfolio

2.00% Emerging Companies Portfolio

11.29% Core ETF Portfolio

13.39% Active Growth Portfolio 23 Shawn’s Trade Ideas 11.31% Active Income Portfolio 15.72% International Equities Portfolio 2.00% Emerging Companies Portfolio 11.29% Core ETF Portfolio

At Market Matters our portfolios give members the chance to see a detailed breakdown of our market activity.

Choose to follow any portfolio, in-part or in-full, discover a portfolio that suits your interests and risk level, and see our latest sales, as well as our holdings.

*Portfolio returns 5-year PA

Latest View Points

QSML

VISM

SMLL

VSO

HLI

AGL

RRL

EVN

SFR

RUL

GS US

NEM

Chart of the week

Commonwealth Bank (CBA) v BHP Group (BHP)

Aus. Investment blog Subscribe to blog

James Hardie (JHX) – Short-term pain for long term growth

James Hardie Industries (JHX) makes products used in home construction and renovation. It’s main products include fibre cement and backer board with a significant portion of it's earnings coming from the US.

ASX:JHX 26/03/2025

Helia (HLI) – Life after CBA not as bad as it looks

Helia Group Limited is an Australia-based company that provides lenders mortgage insurance (LMI) in Australia. The Company’s LMI protects lenders if a borrower defaults on a home loan and there is a shortfall in the sale proceeds from the secured property.

ASX: HLI 26/03/2025

Morning Report

ETF Friday: Looking to small-cap ETFs for another leg higher in stocks

Morning report 11/07/2025

Afternoon Report

The Match Out: ASX dips, Rare Earth stocks roar, as U.S Govt buys in

Afternoon report 11/07/2025

Ask James ASK A QUESTION

Ask James

Question asked 12/07/2025

Follow up on ETF question from last week

Hi James

Regards the thought bubble from last weeks questions ‘ that ETFs are a Ponzi Scheme’, I would like to say you addressed one part of the answer.

If ETFs invest in say the ASX 300 stocks (Index Fund) they are buying stocks in CBA, BHP etc in proportion to the Index, CBA 12%.

There is no Ponzi scheme, there is no scam on investors. However, the market could be overvalued or certain stocks overvalued. That is for every investor to decide.

My two questions- first I have owned CBA (and CSL as well) for years. I am inclined to sell some CBA but the capital gains tax will take 20-25%. What alternatives are there to selling?

Ask James

Question asked 12/07/2025

Adobe

Latest View Points

QSML

VISM

SMLL

VSO

HLI

AGL

RRL

EVN