joshgilbert9 @joshgilbert9: "𝘽𝙞𝙜 𝙙𝙚𝙖𝙡𝙨 𝙖𝙧𝙚 𝙗𝙖𝙘𝙠 𝙤𝙣..."

eToro

𝘽𝙞𝙜 𝙙𝙚𝙖𝙡𝙨 𝙖𝙧𝙚 𝙗𝙖𝙘𝙠 𝙤𝙣 𝘼𝙪𝙨𝙩𝙧𝙖𝙡𝙞𝙖𝙣 𝙨𝙝𝙤𝙧𝙚𝙨 💰 𝙒𝙝𝙖𝙩’𝙨 𝙝𝙖𝙥𝙥𝙚𝙣𝙞𝙣𝙜? ⤵️ Australian stocks neared a record high after closing up 0.2% yesterday. The index staged a comeback after falling by as much as 0.6% earlier in the session, dragged higher by the financial sector continuing its solid run. The materials sector was the biggest weight on the index following weak data from China that sent iron ore prices lower. US markets were closed overnight for labour day. 📊 𝙒𝙝𝙖𝙩 𝙄’𝙢 𝙬𝙖𝙩𝙘𝙝𝙞𝙣𝙜 👀 1️⃣ Two big deals take the limelight in Australia. Firstly, $REA.ASX (REA Group Limited ) is said to be looking to acquire the UK’s biggest property portal, $RMV.L (Rightmove PLC) in what would be a $5.8 billion deal. REA Group’s shares fell by 6% in the view that the business would need to undergo a capital raise to fund the purchase, but Rightmove shares soared by as much as 27.6%. The move would help REA expand its overseas operations with it already dominating in Australia. In an even bigger deal, $BX (BlackStone Group LP) is said to be edging closer to acquiring Australian data centre operator AirTrunk for more than A$20 billion. The deal could be one of the largest digital infrastructure deals this year and comes on the back of the booming demand for AI. Blackstone has emerged as the preferred buyer and is negotiating the final details with AirTrunk owners Macquarie Group and PSP Investments for a transaction that could be signed as soon as this week. 📰 2️⃣ What's next for the bull market after Nvidia's results? Well, it continues. It turns out that Nvidia's results might not have been the explosive event some had expected. The S&P 500 was flat, the Nasdaq Composite slipped 0.23%, but the Dow Jones added 0.6%, hitting a new record close, thanks to gains from Apple and Microsoft. $NVDA (NVIDIA Corporation) accounted for around 30% of the total return on the S&P 500 in the first half of the year with its eye-watering returns. But, last week’s result shows that the tech sector and the broader market might be relying less on the tech giant. Yes, shares fell by 6.3% after earnings, but they bounced back by 1.5% on Friday as the long-term story remains intact. AI demand is still huge, and companies’ bottom lines will continue to benefit. Earnings season has been a success. We saw 11% earnings growth, well above estimates, especially when we weren’t expecting double-digit growth until next quarter. With rate cuts in September, strong global growth, and US GDP revised upwards to 3% last week, this bull market still has legs. 📈 ➡️ In other news, Volkswagen is considering shutting factories in Germany for the first time ever in a bid for deeper cost cuts. Shares gained. The decision would mark a turning point for Europe’s car industry. 🚗

4 Mentioned

REA.ASX

RMV.L

NVDA