Morgans Financial Limited

Morgans AM: Friday 15 November 2019


Listen Later

US equity markets little changed at US-China trade optimism started to fade once more - Dow dipped -2-points The broader inched S&P500 +0.08% higher to eke out its 21st record closing high (3,096.63) of 2019. The technology-centric NASDAQ flat. Cisco Systems Inc fell over >7% after posting a weak earnings outlook after the close of the previous session. Nike Inc rose +0.5% in extended trading after announcing that it was increasing its dividend by +11% to US$0.245c from US$0.22c on the company's class A and B stock. It is the eighteenth consecutive year that the company has increased the dividend payout. Warren Buffet's investment vehicle Berkshire Hathaway Inc revealed new stakes in furniture maker RH and energy company Occidental Petroleum Corp according to a filing earlier this morning AEST. The conglomerate owned ~1.2M shares of RH, formerly known as Restoration Hardware, and nearly 7.5M shares of Occidental. Berkshire Hathaway trimmed stakes in Apple Inc and Wells Fargo, among other companies. In April, Berkshire committed US$10B to help Occidental's bid for Anadarko Petroleum Corp, giving Occidental an edge over Chevron Corp CVX, -0.26%, which was also vying for Anadarko and later bowed out. RH rallied more than >6% in the extended session, while Occidental rose +1.6%.
...more
View all episodesView all episodes
Download on the App Store

Morgans Financial LimitedBy Morgans Financial


More shows like Morgans Financial Limited

View all
Pivot by New York Magazine

Pivot

9,634 Listeners

CommSec Market Update by CommSec

CommSec Market Update

12 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

19 Listeners

The Money Puzzle by The Australian

The Money Puzzle

49 Listeners

Your Wealth by NAB

Your Wealth

6 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

10 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

62 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

20 Listeners

FEAR & GREED | Business News by Fear and Greed

FEAR & GREED | Business News

9 Listeners

The Rest Is History by Goalhanger

The Rest Is History

15,841 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

47 Listeners

The Front by The Australian

The Front

45 Listeners

Chanticleer by Australian Financial Review

Chanticleer

19 Listeners

The Fin by Australian Financial Review

The Fin

24 Listeners

5 in 5 with ANZ by ANZ

5 in 5 with ANZ

5 Listeners