Author - Sequoia Direct

Second Covid cluster grows in NSW: ASX poised to open slightly higher

20 Jul 2020 - Following mixed results on US markets overnight, the ASX looks set to open slightly higher this morning. NSW reported 18 new Covid-19 cases yesterday. Tighter restrictions loom with Victoria recording 363 new cases yesterday and no clear sign that numbers are decreasing. Civmec (ASX:AJM) announced its subsidiary Civmec Construction & Engineering has lodged a writ and statement of claim against Altura Lithium Operations.

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Cedar Woods (ASX:CWP) forecasts 50%+ drop in profit: Aus shares gain 1.9% over the week

17 Jul 2020 - The Australian share market rose in early trade, slumped mid-session as the reintroduction of some pandemic restrictions weighed on the market, then jumped in the last half an hour of trade to close 0.4 per cent higher. Over the week, the market has gained 114 points or 1.9 per cent. Cedar Woods Properties (ASX:CWP) forecasts that its 2020 financial year net profit after tax is expected to be in the range of $20 to $21...

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Netflix (NASDAQ: NFLX) shares slump: Aus shares set to open higher

17 Jul 2020 - Aussie shares are set to edge higher at the open despite falls in international markets overnight. Fears of another coronavirus wave continue to weigh on international markets. Meanwhile US retail sales jumped 7.5 per cent in June following an 18.2 per cent rise the previous month. Netflix's (NASDAQ: NFLX) quarterly report disappointed investors, with shares sinking 10 per cent in New York as the company scrambles to create fresh content and grow its subscriber base.

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