Market wraps 23rd February 2024

Weekly Wrap 23 February

As we end week 3 of the local reporting season calendar, 159 companies have reported their earning results, with 57 beating expectations, 60 meeting expectations and 42 missing expectations. 22 companies have been upgraded by brokers, while 26 were downgraded, mostly due to slowing earnings growth and cost management inefficiencies across the first half.

So, what were the market movers this week? In this week’s wrap, Grady covers:

  • (0:38): Pilbara Minerals (ASX:PLS) facing industry challenges as lithium prices fall
  • (1:42): retail blues with Woolworths’ (ASX:WOW) turbulent week
  • (2:38): NAB’s (ASX:NAB) fall in cash earnings but steady share price
  • (3:20): why investors disembarked their investment in Qantas (ASX:QAN)
  • (5:27): market movements this week
  • (6:35): the most traded stocks & ETFs by Bell Direct clients
  • (7:03): economic data to watch next week.

Read the transcript here