US equity markets retreated and settled near their session lows after Federal Reserve Vice Chairman Richard Clarida made a case for a potential slowing of the central bank’s large-scale asset bond purchases later this year and for higher interest rates in 2023 - Dow dropped -324-points or -0.92% . The broader S&P500 fell -0.46% a day after notching its 42nd record closing high of 2021. Energy (down -2.93%) led nine of the eleven primary sectors lower following a third straight session of declines on crude markets. Communication Services (up +0.24%) and Information Technology (+0.19%) were the only primary sectors to advance. The technology-centric Nasdaq added +0.13%. Advanced Micro Devices (AMD) Inc rallied +5.52% (to US$118.77) and logged its sixth consecutive record closing high (and carved out a record intra-day high of US$122.49) following continued indications that the chip maker is taking market share away from larger rival Intel Corp (down -0.30%). Data from Mercury Research showed that while total microprocessor shipments had declined 3.1% quarter-over-quarter, AMD’s total share of the market increased to 16.9% in the second quarter from 16.1% in the first quarter. Meanwhile, Intel’s share fell to 83.1% in the second quarter from 83.9% in the first quarter. The Mercury Research data also showed gains for AMD in the important data-centre category. AMD has 8.9% share in servers, up from 5.5% in the year-ago second quarter and 8.2% in this year’s first quarter. That’s compared with Intel’s 91.1% share, down from 94.5% in the year-ago second quarter and 91.8% in the first quarter. A separate report from tech news site wccftech.com noted that AMD CPUs are still outselling Intel, according to data compiled from MindFactory, Germany’s largest tech retailer. The small capitalisation Russell 2000 fell -1.23%.

Jo Little Morgans Senior Analyst, discusses her FY21 results preview for the Retail sector. She guides us through expectations on stocks pre and post-lockdowns, retails spaces and the impact on results and on-line shift for businesses. Some of the highlighted stocks: Lovisa, Universal, and Eagers Automotive.

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#Retail #Shopping #Automotive

Nathan Lead, Senior Analyst at Morgans, discusses Transurban (ASX:TCL), an addition to our Morgans Best Ideas (August 2021).

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#TCL #Investments #Stocks

Morgans Best Ideas are those stocks we think offer the highest risk-adjusted returns over a 12-month timeframe supported by a higher-than-average level of confidence. They are our most preferred sector exposures. This month we add Transurban, Treasury Wine Estate and Tabcorp. Equity Strategist Andrew Tang explains why.

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#Investments #Stocks #Shares

Anthony Porto discusses the upcoming results and likely topics of interest for the online classifieds sector. The sector in aggregate has underperformed the market since releasing their 1H21 results, despite market conditions (excluding the short-term impact of lockdowns) generally becoming more favourable in the period. Current preference for CAR and SEK followed by REA and DHG. In Anthony’s small cap coverage universe, FDV, BKG, ART and CAT are discussed as looking attractive.

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#On-line media # Wearables #Sports

Nick Harris Morgans Senior Analyst, discusses his FY21 results preview for the Telecommunications and Technology sectors. Including NBN rollout, TPG, Telstra, Next DC amongst other stocks.

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# Telecommunications #NBN #Mobiles #Cloud

US equity markets rallied, lifting the S&P500 to a yet another record closing high - Dow rose +278-points or +0.80% to 35,116.40 (and within 0.5% of a fresh record closing high), recovering from an earlier, brief decline of over >100-points The broader S&P500 gained +0.82% to 4,423.15, notching its 42nd record closing high of 2021. Energy (up +1.83%), Health Care (+1.41%), Industrials (+1.38%), Financials (+1.13%) and Materials (+1.01%) al gained over >1% to lead ten of the eleven primary sectors higher. Communication Services (down -0.19%) was the only primary sector to close in the red. The Nasdaq +0.55%. Advanced Micro Devices Inc rose +3.62% (to US$112.56) and logged its fifth consecutive record closing high following a Bloomberg report that Nvidia Corp.’s (+0.33%) US$40B acquisition of Arm Ltd may get blocked by U.K. regulators. Bloomberg also reported that Apple Inc (up +1.26%) and Affirm Holding’s (+3.03%) PayBright are planning to launch a "buy now, pay later" program for Apple device purchases in Canada, allowing people to pay for iPhone, Mac, and iPad over 12 to 24 months. The small capitalisation Russell 2000 +0.37%. In merger and acquisition (M&A) news, PepsiCo Inc added +0.2% after the beverage and snacks company announced an agreement to sell Tropicana, Naked and other juice brands across North America for US$3.3B in cash to PAI Partners. The deal includes options to sell certain juice businesses in Europe. PepsiCo said it will retain a 39% interest in a newly formed joint venture, and will retain exclusive U.S. distribution rights of the brands.

US equity markets relinquished earlier gains to settle with modest losses, with most of the fall coming in the final hour of the session - Dow eased -97-points or -0.28% to 34,838.16 after touching a fresh record intraday high at 35,192.11. The broader S&P500 slipped -0.18%, with Materials (down -1.17%) leading seven of the eleven primary sectors lower. More defensive sectors outperformed overnight, with Utilities (up +0.75%) the leading primary sector performer. Tesla Inc rose +3.27%. The Nasdaq inched +0.06% higher. The small capitalisation Russell 2000 fell -0.48%. Persistent concerns about the spread of the delta variant of the coronavirus weighed on investor sentiment on the first trading day for equity markets in August, while investors also eyed progress on an infrastructure bill, merger and acquisition (M&A) activity and concerns about the pace and timing of the Federal Reserve’s plans to roll back easy-monetary policies.

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Origin Energy (ASX:ORG) is writing off c.$1.6bn from its generation fleet and has guided for significantly lower Energy Markets EBITDA in FY22. Find out how this has impacted Morgans Analyst Max Vickerson's forecasts.

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