Devon Funds Management Market Update

Devon Head of Retail Greg Smith talks to ZB’s Tim Dower about a flurry of US earnings overnight, the great, bad and otherwise. He also discusses the stimulus measures being employed to support the Chinese stock market and the  Hang Seng which earlier this week lost its mantle as the world's fourth largest stock market to India. 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 what drove a big surge in A2 Milk’s share price. Overseas he discusses new record highs for the US markets, with investors taking the prospect of a Trump Presidency again in their stride. He also covers the drivers of a surge in Japan’s stock market to the highest level in 34 years. For more market insights and our terms and conditions,...

Devon Head of Retail Greg Smith speaks to Tim Dower about the S&P500 in the US which has hit a record high. He also discusses what is creating a few bumps in the road for the electric vehicle market, with Ford scaling back production. Back home he turns to the kiwi manufacturing sector which remains firmly in contraction mode, and strong migration numbers which are providing some economic assi...

Devon Head of Retail Greg Smith talks to Mike Hosking about why a soft job openings report in the US has been well received ahead of next week’s Fed Meeting. He also discusses some welcome news for dairy farmers from Fonterra. Across the Tasman, he looks at the latest big merger plan in the oil and gas sector with Woodside and Santos looking to combine their businesses. For more market insights an...

Devon Head of Retail Greg Smith talks to Mike Hosking about the biggest monthly rally in global stock markets in several years and whether it can continue. He also discusses whether Tesla’s cybertruck lives up to all the hype, and some positive aspects of recent manufacturing figures out of the US, the UK and China. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about the very strong start to the holiday shopping season globally with Black Friday sales hitting a record. Back home Kiwi shoppers are more cautious, which was confirmed by a decline in September quarter retail sales. Also up for discussion are improvements in UK consumer confidence and German business morale. For more market insights and ou...

Devon Head of Retail Greg Smith talks to Mike Hosking about what drove a massive jump in Gap’s shares after the retailer’s result. He also discusses some good news in Europe where inflation is below 3% for the first time in more than two years. AI and ChatGPT are also in the headlines again, with the sensational sacking of OpenAI co-founder Sam Altman as CEO. The question is now whether he will do...

Devon Head of Retail Greg Smith talks to Mike Hosking about the corporate ‘cyber bullies’ causing issues in the US and Australia, along with the latest developments in the weight loss drug space. Back home he looks at the implications of a somewhat downbeat print for the NZ manufacturing sector.  For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about the positive investor reaction to Mainfreight’s results despite a big fall in revenues and profits. He also reviews results from Disney, with the theme parks and Disney+ clear highlights. Also on the discussion table are numbers from NAB, which showed a big contribution from the BNZ which recorded a record annual profit. For more market i...

Devon Head of Retail Greg Smith talks to Mike Hosking about a flurry of announcements from the US gaming sector. Closer to home, he also discusses a surge in James Hardie's share price. He also touches on a fall in business inflation expectations in New Zealand. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about the positively received full-year numbers from Westpac. He also discusses why Mainfreight has fallen sharply ahead of its results. On the agenda as well is a look at Berkshire Hathaway’s record cash pile.  For more market insights and our terms and conditions, visit ⁠⁠www.devonfunds.co.nz⁠

Devon Head of Retail Greg Smith talks to Mike Hosking about why markets reacted so positively to a soft US jobs report. Also up for discussion is Apple which delivered an earnings beat, but was cautious on the outlook. Staying with the telco theme, he also covers off what Spark had to say at its AGM. 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 surge in the share prices of Amazon and Intel, after both tech titans delivered better than expected results and an upbeat outlook. He also looks at what to make of the latest US inflation print ahead of the Fed meeting this week. Back home he discusses a couple of welcome positive updates from Fletchers and Sky City at their res...

Devon Head of Retail Greg Smith talks to Mike Hosking about why investors tuned into Spotify in a big way following results from the audio streaming giant. He also discusses stronger-than-expected earnings reports from several old economy stocks, including Coca-Cola. Back home, he discusses why EBOS has cause for cheer despite losing a contract with Chemist Warehouse. For more market insights and...

Devon Head of Retail Greg Smith talks to Mike Hosking about why oil major Chevron has announced the biggest acquisition in its history. Also up for discussion are a big pharmaceutical deal in Europe where another Healthcare name has beaten on expectations for revenues and earnings. Greg also looks at what may be driving the latest investigation by China into a foreign tech company and of the count...

Devon Head of Retail Greg Smith talks to Mike Hosking about the very contrasting reactions to results from Tesla and Netflix. He also discusses the implications of a surprise fall in Aussie unemployment for the RBA’s next meeting on interest rates. For more market insights and our terms and conditions, visit www.devonfunds.co.nz

JMI Wealth Director Andrew Kelleher talks to Mike Hosking about Fletcher Building’s media response. Will it mitigate the share market reaction? Next, he discusses Sky TV's expression of interest in acquiring the shares. He also shares his insights on the card spending data that was released on Friday – what is the underlying momentum?  He finishes off with comments on the election and market f...

Devon Head of Retail Greg Smith talks to Mike Hosking about the fallout from events in Israel over the weekend on markets and commodity prices. He also discusses a blow-out jobs number in the US which was double forecasts, and what appears to have been a “Golden Week” for Chinese shoppers during a key holiday period. 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 better-than-expected inflation numbers from the US and Europe, and whether these may tick a few boxes for central banks looking to wrap up rate tightening programs. He also discusses the take-aways from Nike’s results beat and particularly as it relates to China. Closer to home he looks at a consumer confidence read, which nudged...

Devon Head of Retail Greg Smith talks to Mike Hosking about the Bank of Japan’s decision to leave interest rates in negative territory, and what it says about the country’s historic battle with deflation over several decades. He also discusses global prints on economic activity which have come in particularly soft in Europe on the manufacturing side. Back home he observes another monthly trade def...

Devon Head of Retail Greg Smith talks to Mike Hosking about the other IPOs lining up behind Arm, with online grocery company Instacart up this week, and Birkenstock hot on its heels. He also discusses what uranium prices are on a tear, and just how far away the Apple watch is from having glucose monitoring capabilities. For more market insights and for our terms and conditions, visit www.devonfund...

Devon Head of Retail Greg Smith talks to Mike Hosking about the latest monthly job figures across the Tasman, which are nearly triple what was forecast. He also discusses why investors are celebrating the 10th successive rate hike by the European Central Bank, and higher than expected wholesale inflation numbers in the US. For more market insights and for our terms and conditions, visit www.devonf...

Devon Head of Retail Greg Smith talks to Mike Hosking about the strong numbers from Briscoes which has delivered record half-year sales and earnings just 6% lower than a year ago. He also discusses the green shoots in the property market, with median prices rising again, transactions on the up, and stock moving quicker. For more market insights and for our terms and conditions, visit www.devonfund...

Devon Head of Retail Greg Smith talks to Mike Hosking about his take on the Pre-election Economic Update from the Treasury which had no big surprises but plenty of assumptions. Net migration has mitigated some of the economic headwinds, hitting a record level, which is also a double-edged sword in some respects. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about Australia's largest super fund's move to invest in digital infrastructure. He also poses a dilemma for the ECB with the European Commission revising growth forecasts down and inflation forecasts up. The Bank of Japan meanwhile looks to be considering an end to its negative interest rate policy. For more market insights and f...