Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about recent volatility in AI darling Nvidia and whether it is a blip or the end of a bubble. He also discusses the investor party over-weight loss drugs in the US and Europe. Back home he looks at the good news flowing from Meridian’s Investor day with more solar and wind on its way at a cheaper price.

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the good news on kiwi food prices, with inflation seeing its smallest annual increase since September 2018. He also discusses why Taylor Swift may potentially push out the timeline for a rate cut by the Bank of England. He also discusses another strong report from the US tech sector, with photoshop maker Adobe soaring on its results.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the knockout jobs numbers print in the US and how this complicates the picture for the Fed. He also discusses whether there is any substance to the recent revival of interest in meme stocks such as Gamestop.

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the similarities and the differences between recent consumer confidence prints in New Zealand and the US. He also discusses the latest big name to put the throttle down on investments in Artificial Intelligence.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about AI darling Nvidia which has surged to a new record high after results beat expectations yet again. Back home he discusses what to make of a lift in retail sales last quarter and reports of a takeover bid for Fletcher Building.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the approach for casino group Star across the Tasman and the implications for Sky City. He also looks at what has driven Gentrack to becoming one of the 30 biggest companies on the NZX. Up for discussion as well is the travel sector, with Norwegian Cruise Liners upgrading guidance and Ryanair, the world’s second biggest listed airline, coming in with a record profit.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about what is behind ongoing trading weakness at The Warehouse and why it continues to struggle against some peers. He also discusses the positives and negatives from the latest print on the kiwi manufacturing sector. On a much more cheery note, he looks at what has propelled the UK economy out of recession.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith spoke to ZB’s Mike Hosking about why softer than expected jobs data in the US drove markets higher. He talks Apple which soared following its result. The iPhone maker was also a topic of discussion at the Berkshire Hathaway annual meeting over the weekend, with Warren Buffett cutting his stake.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Funds’ Head of Retail Greg Smith talks to ZB’s Mike Hosking about the rally in big tech following results from Alphabet and Microsoft. He also discusses what is driving BHP’s bid to create the world’s biggest copper miner. Back home he assesses whether there are any bright spots in the latest print on NZ consumer confidence.

For more market insights and our terms and conditions, visit ⁠www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about what’s driving a big earnings downgrade from Air New Zealand. He also looks at the reasons for the latest in a string of CEO departures at NZ listed companies. He also discusses Tesla, where the news appears to be going from bad to worse for the EV maker.

For more market insights and our terms and conditions, visit www.devonfunds.co.nz