Investment Ideas From the Edge of the Bell Curve
Telix Pharmaceuticals [ASX:TLX] gained 5% after holding its innovation showcase in NY last night, highlighting the beginning of Phase II study of the company’s hopeful cancer imaging and treatment trials.
Flight Centre [ASX:FLT] is down 6.76% after today’s investor strategy session disappointed some investors hoping for an FY23 guidance upgrade, and consumer spending fears spread amongst investors.
TPG Telcom [ASX:TPG] saw a 5.67% drop after the ACCC Tribunal rejected the appeal of the proposed TPG-Telstra deal worth 1.8 billion.
ASX futures are down -51.5 (0.70%) to 7,285.5 at 4:00am
Overnight, markets brace for Fed Chairman Jerome Powell’s testimony to Congress.
Traders will be watching for the next signs from the Fed after it kept rates unchanged for the first time in 11 meetings — describing the move as a ‘pause’ and signalling two more hikes by the end of the year.
Consumer sentiment is near a three-year low.
source: tradingeconomics.com
Retail sales were flat in April and have seen anemic growth of not more than 2% month-on-month since Q4 2021.
The latest UBS survey of Australian Consumers looking at spending intentions and savings had some worrying signs.
The main takeaways:
Is it time to run from retail stocks, or are there deals to be found?
As Warren Buffet put it ‘Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.’
So are there opportunities here?
Click here to see my latest thoughts.
ACCC blocks Telstra-TPG deal
The Australian Competition Tribunal has blocked Telstra and TPG’s deal to share infrastructure in regional Australia.
Chairman Justice Michael O’Bryan said the tribunal had considered “vast” evidence to conclude that the deal would increase Telstra’s strength relative to Optus.
[ASX:TPG] shares are down 7.19%, trading at $5.16 per share.
Growth Point Properties upgrades earnings guidance
Property developer Growthpoint has upgraded its funds from operations guidance to 26.7¢, ahead of prior guidance between 25.5-26.5¢ a share.
It said total dividends would be 10.7¢ a share for the six months ending June 30 to take full-year dividends to 21.4¢ a share, in line with guidance and a payout ratio of 80.1 per cent.
[ASX:GOZ] shares are down 0.17% today, trading at $2.97 per share.
North American Lithium (NAL) posted positive study results for Québec plant, with pre-tax NPV of 3.2 billion
NAL announced today positive preliminary carbonate study results for its flagship NAL project in Québec, Canada.
Total earnings before EBITDA over the 16-year project for the standalone carbonate plant are projected at 7.5b billion.
The study confirms the benefits of moving into downstream processing of lithium carbonate for use in lithium battery anodes.
[ASX:SYA] shares are flat, trading at 18 cents a share
BHP targets 30% carbon emissions reduction
Miner BHP Group says it plans to reduce its operational carbon emissions by 30 per cent by the financial 2030.
The group said it expected capital expenditure of about $US4 billion (AU$5.9 billion) as it worked to reduce emissions across gas, diesel and electricity outputs.
[ASX:BHP] shares are down 1.76%, trading at $45.90 per share.
Australian Retailers are hurting after the Reserve Bank raised interest rates again
The 12th consecutive interest rate hike by the RBA.
Core inflation remains sticky and Australian consumers are feeling the pinch.
Source: ABS
But are there Retail bargains to be found or just traps?
Click here to find out my latest thoughts.
Or watch the newest episode of our new podcast, What’s Not Priced In.
ASX opens down 0.31% after concerns of a global slowdown take hold.
News overnight from global markets points to a tough day as trading resumed in the US after the Juneteenth holiday yesterday.
The People’s Bank of China on Tuesday trimmed its one-year loan prime rate (LPR) by 10 basis points from 3.65% to 3.55% and reduced the five-year rate by the same margin to 4.2%.
Some economists are worried this will be too late to kickstart the economy back into shape after the hoped post-covid lockdown bounce back dwindled.
China’s next round of stimulus looks likely to arrive after the Politburo meeting in July.
Australian shares are likely to drop this morning after global markets dipped overnight.
Wall Street was down after the five-week rally ended overnight.
ASX futures are down 27 points to 72309 at 9:00am
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Investment ideas from the edge of the bell curve.
Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.
All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.
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