Devon Funds Management Market Update

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about the reasons for the surge in Meta Platforms' share price following the Facebook owner's earnings release. Back home, he discusses the rather modest investor reaction to Air New Zealand's big earnings upgrade, and a rally in Auckland Airports on speculation the Auckland Council is readying to sell its stake. For more mark...

Devon Funds Head of Retail Greg Smith speaks to ZB’s Tim Dower about the extent to which we should be celebrating following the latest headline inflation number, which was sharply lower than expected. Also up for discussion are Tesla’s lower than expected profit margins, with shares in the EV maker under the pump. For more market insights and for our terms and conditions, visit www.devonfunds.co.n...

Devon Head of Retail Greg Smith talks to Tim Dower about the surge in kiwi food prices, which are increasing at the fastest rate in over 30 years. There are some silver linings however, as there is also for the kiwi services sector. Over in the US he looks at the latest results from the financial sector, with some unsurprising changes in behaviour by depositors following last month’s banking crisi...

Devon Head of Retail Greg Smith talks to Mike Hosking about the latest inflation numbers from the US and Europe which have come in lower-than-expected. Back home he looks at what a recent confidence survey says about the state of the kiwi consumer. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith speaks to ZB’s Mike Hosking about the Bank of England’s decision to follow the Fed with a 25bps rate rise.  He also discusses whether we should be worried about another big bank failure in Europe, with concerns surfacing over German lender Deutsche Bank. Back home he picks though the highlights from Infratil’s Investor day.  For more market insights and for our term...

Devon Head of Retail Greg Smith talks to Mike Hosking about what to expect from the Fed meeting given the recent banking crisis, and also the Bank of England as UK inflation surprisingly increased last month. Back home he looks at why numbers from KMD Brands gave investors the ‘warm fuzzys’. He also chats about the story of a big global bank which has been somewhat surprised to find that US$1.3 mi...

Devon Head of Retail Greg Smith talks to Mike Hosking about the latest developments in the Credit Suisse crisis, with the bank set to be acquired by Swiss rival UBS. Back home he discusses the announcement of the long overdue project to build a new domestic terminal at Auckland Airport. It will make for a more fit for purpose terminal, but the $3.9 billion price tag has not been particularly well...

Devon Head of Retail Greg Smith talks to Mike Hosking about the collapse of tech lender SVB in the US, and what this means for the local banking sector. Also up for discussion are the implications of the latest US jobs report for the Fed's next move on rates, as well as the All Birds' share price, which has had it wings clipped even further following a weaker than expected quarterly result. For mo...

Devon Head of Retail Greg Smith talks to Mike Hosking about the surge in Volkswagen shares, driven by an upbeat update and forecast. He also discusses the big hiring plans at Qantas and what to make of China's growth forecasts for this year. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about strong results from aged care operator Summerset and Port of Tauranga. He also discusses the latest comments from billionaire Warren Buffett and why one of the world’s most renowned investors is so upbeat about the outlook for markets. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Head of Retail Greg Smith talks to Mike Hosking about the reasons for very different reactions to results from three big travel names. The numbers from Auckland Airport were well received, while those from Air New Zealand saw a muted response. Across the Tasman Qantas shares sold off heavily, despite also going back into the black in comprehensive fashion. For more market insights and for ou...

Devon Funds Head of Retail Greg Smith talks to Mike Hosking about the market’s reaction to the RBNZ’s 0.5% rate hike. On the results front he discusses contrasting reactions to numbers from Spark New Zealand and EBOS. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds' Head of Retail Greg Smith talks about Europe’s recovery and mentions the weather impacts on hydro inflows for Contact, as well as some of their upcoming projects. Then onto market figures. 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 how the UK has avoided a recession and why Adidas shares have been on the back foot. Back home he discusses a surprising rebound in retail card spending in January, and after Adrian Orr had instructed kiwis to tighten their belts.

Devon Head of Retail Greg Smith talks to ZB’s Tim Dower about the rise in US markets following a stronger than expected GDP print for the world’s largest economy. He also looks at why Tesla’s stock price is driving higher on the EV maker’s results. Back home he touches on updates from two gentailers, with Mercury NZ’s appropriately themed ‘WET, WET, WET.’ For more market insights and for our terms...

Devon Funds Head of Retail Greg Smith talks to ZB’s Tim Dower about the lift in US markets on optimism around a moderation of interest rate hikes. He also discusses Spotify, the latest tech company to announce layoffs. Back home the skies are looking brighter for business travel software company Serko which has raised revenue forecasts. For more market insights and for our terms and conditions, vi...

Devon Funds’ Head of Retail Greg Smith talks to ZB’s Tim Dower about the jump in Fisher and Paykel Healthcare’s share price following stronger than expected revenue guidance. He also discusses Alphabet, with the Google parent the latest mega-cap technology company to announce job cuts. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB's Tim Dower about the selloff in the markets following rate decisions from the Fed, Bank of England, and European Central Bank. Back home he looks at the drivers of a kiwi GDP figure that came in much better than expected. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds' Head of Retail Greg Smith talks to ZB's Tim Dower about the moves in the US markets ahead of the Federal Reserve meeting. He also discusses a potential major cancer breakthrough which has sent Moderna's shares soaring. Back home he gives his take on the Treasury's half year update and economic forecasts. For more market insights and for our terms and conditions, visit www.devonfunds.c...

Greg Smith talks to ZB's Tim Dower about a stronger than expected factory gate inflation print in the US, and what this means ahead of a key Fed meeting. He also discusses the impact of changing consumer behaviours on a couple of well-known US corporates, and how spending patterns of kiwis are also changing according to the latest retail card spending figures. For more market insights and for our...

Greg Smith talks with Mike Hosking about the strong jobs numbers in the US, and what it means for the pace of future rate hikes. He also discusses the impact of a price cap agreed on Russian oil over the weekend. Back home Greg looks at the drivers of a ballooning kiwi trade deficit. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz

Devon Funds Head of Retail Greg Smith talks to ZB’s Mike Hosking about the state of the consumer both in NZ and abroad. Black Friday online sales in the US surpassed US$9 billion for the first time, while at home September quarter retail sales rose, but not that much considering inflation and a lockdown comparative. People have though been spending on phones but will this cause a headache for Appl...

Devon Head of Retail Greg Smith talks to Mike Hosking about the recent lift in US markets, with retailer Gap the latest to surge after surprising on the upside. Back home he discusses results from Ryman Healthcare and My Food Bag which fell flat with investors. On the more positive side he looks at the announcements which drove both Meridian and Fonterra higher. For more market insights and for ou...

Devon Head of Retail Greg Smith talks to Mike Hosking about the surge in the NZ stock market on Friday, with EBOS leading the way higher. He also discusses the irony of food prices printing the highest annual rise in 14 years, and stronger than expected results from leading luxury brand name Ralph Lauren. For more market insights and for our terms and conditions, visit www.devonfunds.co.nz 

Devon's Head of Retail Greg Smith talks to Mike Hosking about the strong US jobs numbers on Friday, and hopes around an easing of China's Covid-0 policy, which drove markets higher. He also discusses why Warren Buffett is undeterred by recent market volatility. The value investing legend is more than comfortable with this year's rise in interest rates as shown by quarterly results from his investm...