Is this a major turning point for ASX-listed consumer stocks?
In this wire, I outline what's happening in the sector and how we are thinking about positioning looking ahead.
JB Hi-Fi’s result tells us the consumer slowdown has already begun
Consumer electronics and home appliances retailer, JB Hi-Fi (ASX: JBH), has just released its first-half results for FY23. For the six months to December 2022, there...
The fixed-rate mortgage tsunami hitting the Australian consumer in 2023
The ASX All Ordinaries Index is up 8.0% since the beginning of the year. And, in contrast to its performance over the past 12 months, the ASX Small Ordinaries Index is...
Three reasons why we are underweight discretionary retail
The ASX has some extraordinary consumer discretionary businesses – think ARB, Nick Scali, JB Hi-Fi, Breville and Lovisa. And we hold some of these in our small...
The saintly stocks versus the sinners: which ones perform the best?
In a new era in which environmental, social and governance (ESG) considerations have been enshrined in the way fundies pick their shares, the so-called ‘sin’ stocks...
Don’t count on a consumer crash
Out of countless ‘COVID surprises’, the Australian consumer has been the most astounding. Its strength has dragged our economy out of what could have been a...
Why we see opportunities in consumer-related stocks this year
We believe those who view the exceptional profit upgrades from domestic consumer-related stocks over the last few months as being extremely short-term should consider...
Consumers will continue to defy doomsayers
The Covid-19 crisis has brought with it many predictions about the demise of the Australian consumer. But time and time again since the pandemic began, the reality has...
One way to catch post-COVID upside
Retailers of out-of-home goods and services will be the sector winners in the next 12 to 24 months, says Firetrail’s consumer analyst Tom Kierath. The COVID-induced...