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. For more market insights and o...

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 re...

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. 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 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 airlin...

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 ou...

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.devonfu...

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.d...

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....

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about what drove the US market lower on Friday, with results from a big bank not well received. He looks at some positives across the Atlantic with the UK economy seemingly out of recession and German inflation falling. On that note, ahead of this week’s CPI print, he discusses some good news on kiwi food prices. For more market insights a...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about what drove the surge in Fisher & Paykel Healthcare’s share price on Friday. He also discusses the very differing reactions to results from Nike and FedEx in the US, both of which are seeing demand normalising in a post Covid world and amidst a slowing economy. For more market insights and our terms and conditions, visit www.devon...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about why US markets took another breather last week, and what the Fed is likely to do this week. Back home he discusses the latest read on the kiwi manufacturing sector ahead of this week’s GDP print. He also looks at whether travel is still running hot, with the latest numbers from Auckland Airport. For more market insights and our terms...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about “the good and the bad” from the latest jobs numbers in the US, and whether things are going to plan for the Fed. Closer to home he looks at why the banking sector has driven the Australian stock market to record highs. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith speaks to ZB's Mike Hosking about why Japan's stock market has been the best performing globally. Closer to home he discusses Australia's economy which appears to be coming off the boil while NZ's trade deficit has been helped by kiwis buying less, with import volumes falling. For more market insights and our terms and conditions, visit www.devonfund...

Devon Head of Retail Greg Smith talks to ZB's Mike Hosking about the latest surge in tech stocks which has seen the Nasdaq breach a record high previously made in November 2021. He also discusses what is driving Daimler Truck higher, with the world's largest commercial vehicle manufacturer delivering a "red hot" year. Back home he assesses whether there is any cause for positivit...

Devon Head of Retail Greg Smith speaks to ZB’s Mike Hosking about the latest US inflation numbers with the Fed’s preferred inflation gauge coming in at the highest level in a year. He also discusses the retail sector in Australia, with retail sales rebounding last month and Harvey Norman upbeat about the outlook despite a slide in first-half sales. Back home he considers whether the glass is getti...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the RBNZ’s less hawkish-than-expected announcement on the OCR. He also discusses results from Spark, Meridian, and a star showing from cinema software group Vista. Across the Tasman he looks at the Aussie monthly inflation print which has come in much lower than expected. For more market insights and our terms and conditions, visit w...

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about differing reads on the consumer, with AfterPay owner Block coming in with a strong result, whilst kiwi retail spending has fallen for the 8th quarter in a row. He also discusses how a reduction in spending has also been felt at the country’s largest port, which has seen a sharp fall in imports. For more market insights and our terms...

Devon Head of Retail Greg Smith talks to ZB's Mike Hosking about why investors have responded positively to the news that the UK and Japanese economies have slipped into recession. Back home he casts his view on the implications of strong net migration figures which have come in at a record for the 2023 calendar year. For more market insights and our terms and conditions, visit www.devonfunds....

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the driving factors taking the S&P500 to a record milestone, with the benchmark closing above 5000 for the first time ever. Part of the reason is falling inflation, which has been downwardly revised in the US, and also continues to fall across the Atlantic. For more market insights and our terms and conditions, visit www.devonfun...

Devon Head of Retail Greg Smith talks to ZB’s Tim Dower about the blowout job numbers in the US which saw markets surge, along with very strong earnings from Meta and Amazon. Back home he touches on the implications of a sharp fall in housing consents. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to ZB's Tim Dower about the positive reaction to a print on the Fed's preferred inflation guage which has come in lower than expected, showing that inflation is coming down, and clearing the way for rate cuts.  He also discusses why shares in chip giant Intel have been on the back foot. For more market insights and our terms and conditions, visit www.d...

Devon Head of Retail Greg Smith talks to ZB’s Tim Dower about the knockout US GDP numbers which have driven the markets higher. He also discusses Telsa, which went against the grain, falling heavily after its earnings. Down under he looks at why Domino’s shares tanked on the Australian exchange while shares in fellow fast food chain operator Restaurant Brands were in demand.   For more market insi...

Devon Head of Retail talks to ZB’s Tim Dower, about the latest CPI read, which has NZ inflation back under 5% for the first time in 27 months. He also discusses the surge in Netflix’s share price which has shot the lights out on subscriber additions after lamping down on password sharing, bringing in ad-supported tiers, and raising prices. For more market insights and our terms and conditions, vis...