Finding recession-proof companies

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Video Archive...

Australian retirees lack confidence
21/11/2018  Superannuation complexities, investment risk and regulatory uncertainty mean a shortfall in confidence is understandable in our current environment, says State Street’s Jonathan Shead.
4 stocks Buffett bought
20/11/2018  Morningstar looks at which companies Berkshire Hathaway bought and sold during a surprising third-quarter 2018.
The art and science of valuing stocks
19/11/2018  Morningstar's Adam Fleck guides us through the process his team uses to build a forecast, discount future cash flows, and incorporate a company's moat into their analyses.
The double-edged sword of listed investments
16/11/2018  There are very good reasons for the popularity of listed investment vehicles, but some of these attributes also give rise to potential challenges, explains Morningstar’s Matthew Wilkinson.
Super policy shifts and the retirement roadmap
15/11/2018  Saving for retirement is well catered-for within existing superannuation provisions, but the transition to pension mode isn’t as developed, says Vanguard’s Robin Bowerman.
Where to now for big four banks?
14/11/2018  Morningstar's senior banks analyst David Ellis explains why he has cut his fair value estimates for the major Australian banks, even as they remain undervalued, and why Westpac navigated the royal commission “least-worst”.
Different viewing lens for consumers versus investors
13/11/2018  Changing tariffs and rising inflation in the US have different implications for individuals as investors and consumers, says Morningstar Investment Management’s Peter Bull, following on from his presentation at Morningstar Individual Investor Conference 2018.
Where Morningstar readers see investment opportunities: taking the pulse at MIICAU18
12/11/2018  Investors are bracing for more volatility, but attendees at the Morningstar Individual Investor Conference in Sydney see pockets of opportunity  in travel, mining and medical cannabis.
Consumption drives investment not the other way around
09/11/2018  As Australia’s equity market nears its peak and share buy-backs hit unsustainable levels, investors need to also be mindful of rising interest rates and government policy, says Morningstar's Peter Warnes.
Switching up your SMSF for income
08/11/2018  There are still considerable benefits when switching your SMSF to drawdown phase, despite the complexities and potential political changes ahead, says SMSF Association’s Peter Hogan. 
Trump, trade and volatility: taking the pulse at MIICAU18
06/11/2018  As the ASX hits its lowest levels in 12 months, reporter Emma Rapaport speaks to attendees at the Morningstar Individual Investor Conference in Sydney to get a sense of what's concerning them most.
Rising inflation hits both equities and bonds
05/11/2018  Rising rates in key global markets have boosted asset prices, magnifying the importance of good investment portfolio construction, says Janus Henderson’s Jay Sivapalan.
SMSF paperwork crucial to avoid legal problems
02/11/2018  Recent SMSF court cases in Queensland highlight the importance of keeping your documentation in line, says lawyer Shane Ellis.
Buying opportunities are out there
01/11/2018  Andrew Clifford, CEO of Platinum Asset Management, outlines where in the world and in which sectors and companies he sees investment value – even in a global environment many regard as late-cycle.
Market volatility can be an investor’s friend
31/10/2018  Market volatility effects various global sectors in different ways, and there is a crucial distinction investors must make between company cash flow and share price stability in this context, explains Magellan’s Vihari Ross.
Why Alphabet is now good value
30/10/2018  Google's parent company is an attractive option among global technology stocks, according to Morningstar US analyst Ali Mogharabi
What Amazon's latest result means for investors
29/10/2018  Mixed third-quarter results from Amazon don't detract from Morningstar's long-term positive assessment.
Too much trading in ETFs, says Bogle
24/10/2018  The Vanguard founder says although there are some good uses for ETFS, he still sees lots of bad and poorly used products in the market. 
The risks of timing factor investing
23/10/2018  Vanguard founder Jack Bogle sees a place for some factor funds but thinks trying to trade between factors is a losing proposition.
Bogle: optimum returns come from staying the course
22/10/2018  Jack Bogle says trying to time trades is a flawed decision, and investors should not try to beat the market.
How Amazon is delivering for the consumer
19/10/2018  Morningstar analyst Johannes Faul examines Amazon's edge on delivery and outlines how Myer has priced in some challenges to emerge as an undervalued retail play.  
Netflix keeps burning cash
18/10/2018  International subscribers boosted growth, but we still think the firm will have to spend heavily over time to fend off competition.
Bogle: Index funds should top investor lists
17/10/2018  Vanguard founder Jack Bogle explains the difference between long-term and speculative returns, and where he believes markets are headed over the next decade.
Finding value in troubled emerging markets
16/10/2018  Want to make money in emerging markets? Look for stocks that are uncorrelated to trade war fears and US central bank policy says T Rowe Price's Ernest Yeung.
Decoding the volatility in tech stocks
12/10/2018  Morningstar analyst Gareth James explains why tech stocks are prone to volatility, citing WiseTech Global as an example, and examines the strategy behind the recent takeover bids for accounting software play MYOB and education business Navitas. 
Fear not the red, play the long game
11/10/2018  The effects of the stock plunges in the US and Australia are scary but investors should avoid panicking and stay in it for the long haul, says regional director of equity research for Morningstar Australasia Adam Fleck.
Yield curve points to slowdown but no recession
11/10/2018  The shape of the yield curve indicates slower growth for late 2019, but we'd need to see a sharp deceleration in the US economy for it to enter into a recession in 2020, says Morningstar Australasia senior portfolio manager Brad Bugg.
Colchester's rigorous approach to bonds
11/10/2018  Colchester's silver-rated fund takes a rigorous approach to global government bonds and screens out any that aren't up to scratch, says Morningstar Australasia's associate director for fund research Tim Wong. 
Investors lose confidence as currencies slide
09/10/2018  State Street's Michele Hardeman tells Emma Wall how falling emerging market currencies have affected investor confidence.
Interim reports suggests corporate cops will get tougher
05/10/2018  Despite providing more questions than answers, the banking inquiry's interim report nevertheless suggests corporate regulators will be more aggressive in the future, says Morningstar analyst Chanaka Gunasekera.
Even I get scared in volatile markets, says Asia guru
04/10/2018  Concerns about a trade war are justified, but investors should stay the course or they risk missing the recovery, says Aberdeen Standard's veteran Asia-watcher Hugh Young.
Will You Hit Your Projected Retirement Date?
03/10/2018  Many factors can impact when you can retire, so targeting a specific date to stop working may not be an ideal strategy. 
A triple-hit for emerging markets in 2018
27/09/2018  Bonds in countries such as Turkey, Argentina and South Africa have been hit by a few fundamental factors, but the longer-term picture for the broader EM segment is more positive.
Seizing on a2 Milk's China formula
26/09/2018  Morningstar's regional director of equity research Adam Fleck explains the decision to start coverage of a2 Milk and how sales in China's infant formula market could boost growth. 
5 megatrends shaping the future of investing
25/09/2018  iShares' Rob Powell talks to Emma Wall about thematic investing and how megatrends are shaping global economies and stock markets.
Retirement income: expectations versus reality
24/09/2018  Schroders' global head of retirement discusses how investors approaching retirement can fill the retirement income gap, and why professional advice is so important.
3 Top Picks
20/09/2018  T. Rowe Price is excited by testing company ALS and its reinvestment in mining exploration, Star Entertainment's shrewd moves to get more traffic to the gaming floors and insurer IAG's premium rate increases across the board. 
Why tech, telco and mining are attractive
19/09/2018  T. Rowe Price's Australian equities team has bought into telecommunications for the first time in five years, and is more bullish than many on commodities.
Earnings season insights - Part 2
18/09/2018  CSL and Boral distinguished themselves in their respective sectors of healthcare and materials during fiscal 2018, while mining companies rightly returned cash to shareholders, says Peter Warnes.
A different path to property exposure
17/09/2018  This moated US-based commercial real estate data company should be on investors' watch-lists, says Morningstar's Michael Wong.
Earnings season insights part 1
14/09/2018  A 10 per cent increase in dividend growth was the highlight of a strong reporting season, which was dominated by robust gains in the resources sector, but stagnant wage growth and energy costs cloud the outlook, says Peter Warnes.
How retail stocks fared in FY18
13/09/2018  Australian consumer stocks Woolworths and Wesfarmers hold little "margin of safety" for investors as we head into fiscal 2019, explains Morningstar equity analyst, Johannes Faul.
ETF flows remain strong despite emerging market turmoil
12/09/2018  Currency volatility has rocked emerging market equity returns over the year, but ETF investors are staying the course, says Morningstar Asia director of ETF research Jackie Choy.
Trade worries shouldn't derail Alibaba
11/09/2018  We think the Chinese retail giant is one of the most undervalued consumer-focused stocks. 
A big week for Aussie banks
10/09/2018  As three of the big four increased mortgage rates, they fared surprisingly well in avoiding a prolonged public backlash, including Westpac, which is also subject to speculation of a wealth-division sell-off.
Are ETFs overrated?
06/09/2018  Liquidity, transparency, and tax efficiency are hallmarks of ETFs, but Ben Johnson says some of these benefits can be oversold.
Finding recession-proof companies
05/09/2018  Morningstar's Peter Bull likes companies with pricing power and niche products, and names that catch his eye include Microsoft, Colgate and luxury retailers like Louis Vuitton and Christian Dior.  
Balancing profitability and price
04/09/2018  Telecoms and financials are Australia's most attractive sectors in terms of valuation, but investors should be wary, says Morningstar Investment Management Australia's head of equities.
As bull market hits record, stocks slightly overvalued
03/09/2018  The technology sector looks the most pricey today while communications services appears to be the cheapest.
Is active or passive better in bond investing?
31/08/2018  Investors considering an active fixed income fund should be aware of their asset manager's risk levels versus skill and track record, according to a Morningstar US study.
Multi-asset strategy key in turbulent times
29/08/2018  In our global climate of geopolitical crises, trade disputes and general uncertainty, a multi-asset approach to emerging market investing can be useful, says Morningstar UK's Dan Kemp.
3 stocks that are well known but not overdone
28/08/2018  This European bank, UK oil major and established US software player still hold good investor value, says Franklin Templeton' s Peter Wilmshurst.
Interesting times for Aussie telco sector
27/08/2018  Morningstar's Brian Han explains why corporate player Vocus faces a hard road ahead, and what a potential TPG-Vodafone merger could mean for the sector.
Finding value in complicated times
23/08/2018  Geopolitical turmoil and other international market movers play a part in this team's value-selection process, explains Franklin Templeton's Peter Wlimshurst.
REA Group has growth potential
21/08/2018  REA Group posted $279.9m in net profits for fiscal 2018, up 23 per cent on 2017, with still further room for growth, says Morningstar's Gareth James.
Why Turkish lira decline may spell opportunity
20/08/2018  Investors shouldn't panic at the dire news headlines around Turkey's financial markets and falling currency, explains Karin Anderson from Morningstar US.
More volatility ahead for AMP
17/08/2018  Shareholders should expect more volatility ahead for embattled financial services group AMP, says Morningstar equities analyst  Chanaka Gunasekera.
Suncorp tipped to deliver strong dividend yield
16/08/2018  Suncorp remains attractive from an income perspective,  despite posting a 1.5 per cent drop in full-year profit, says Morningstar analyst David Ellis. 
CBA result messy but underlying profit still up
15/08/2018  Morningstar remains positive following Commonwealth Bank's full-year financial results, despite a terrible 12 months.
The importance of flexible retirement planning
14/08/2018  Building a contingency plan around when you intend to retire is better than setting a firm date ahead of time, according to a recent study from Morningstar's head of retirement research.
How political change can affect stock markets
09/08/2018  As Pakistan and Cambodia form new governments following their general elections, T Rowe Price's Eric Moffett examines how politics can affect profits in Asia.
3 small-cap top picks
09/08/2018  Fidelity's James Abela nominates these three smaller businesses from the healthcare, tourism and engineering sectors as companies of interest.
The Aussie fund with no banks or miners
07/08/2018  BlackRock's Australian concentrated industrials fund creator, Charlie Lanchester, explains his bold call to avoid holding banks and resource companies.
Rio result fails to live up to expectations
03/08/2018  Morningstar's resources equity analyst, Mat Hodge, explains the mining giant's latest result and the market's negative reaction.
Top themes on BlackRock's radar
02/08/2018  The prospects for Brand Australia in China are on the rise, says BlackRock's Charlie Lanchester, who has some hidden tech-stock gems in mind. 
What Nine-Fairfax deal means for shareholders
01/08/2018  Nine's Fairfax takeover would be a good deal for the newspaper group's shareholders, but there are still hurdles to overcome, says Morningstar's Brian Han.
A small-cap investing strategy with a difference
31/07/2018  Terms like nightclub, love jungle and no-man's land aren't usually associated with investing, but they're useful signifiers, according to Fidelity portfolio manager, James Abela.
Understanding managed fund income and capital gains
26/07/2018  Dividends remained quite stable, while realised capital gains fluctuated from year-to-year, according to a Morningstar study of 34 large-cap equity funds over 11 years.
3 sectors to watch
26/07/2018  Beyond FAANGs, this technology field holds opportunity, as do selective parts of the energy and mining sectors, says State Street's Olivia Engel.
Why you need a retirement policy statement
25/07/2018  A document detailing your retirement plans – both in the lead-up and once you begin drawing on your savings – is a great idea, according to Morningstar's US-based director of personal finance.
Wear your seatbelt as market volatility returns
24/07/2018  How company fundamentals rather than statistics underpin this team's process, and why the definition of defensive assets is changing, according to State Street's Olivia Engel.
VIDEO | 3 well-priced US income stocks
24/07/2018  Each of these consumer product companies hold wide-moats and good dividend yield prospects, according to Morningstar's US equities research.
Investor appeal of China increasing despite lower growth
20/07/2018  In a positive for global investors, China's slowing economic growth reflects a shift toward more sustainable expansion away from a debt-fuelled binge. 
How interest rates affect REITs and infrastructure assets
19/07/2018  Global property and infrastructure assets are expensive in the current environment but remain important as portfolio diversifiers, says Morningstar Investment Management's Bianca Rose.
Geopolitical clouds mar second half, says Dwyfor Evans
18/07/2018  The geopolitical news that has clouded the first half of 2018 is set to continue, says Dwyfor Evans of State Street.
3 global stock hits and a miss
17/07/2018  The founder and CIO of PM Capital names three US companies of interest, and one negative stock pick that may surprise investors.
Why news and politics are investor distractions
16/07/2018  Share investors shouldn't pay undue attention to news headlines and macro-political events, but retain focus on a five- to 10-year plan, says Paul Moore, founder and CIO, PM Capital.
Macro forecast 2018: Part 2
12/07/2018  Any disruption to China's consumption patterns would have significant consequences for Australia's exporters and our currency; while at home, out-of-cycle mortgage rate hikes look likely, says Peter Warnes.
Macro forecast 2018: Part 1
11/07/2018  Peter Warnes' annual macro forecast explores the unusual tensions between monetary and fiscal policy in the US, the effect of global inflation and interest rate movements, and the sustainability of economic growth.
Getting bang for your buck when equities struggle
10/07/2018  Particularly as equities look expensive, quantitative momentum investment can provide useful diversification for some investors, says PIMCO's head of quantitative strategies.
3 undervalued moated tech stocks from down under
09/07/2018  Why investors may want to consider these locally-founded enterprise and accounting software plays: pockets of opportunity among a largely overvalued pool of technology companies, according to Morningstar’s Gareth James.
2 global stock picks: insurance and telco
06/07/2018  Antipodes d eputy portfolio manager  Sunny Bangia shares his two global stock picks: a Chinese insurance giant and South Korea's largest telecommunications company.
Picking winners and losers via long-short investing
05/07/2018  There are richer investment opportunities available if investors also consider offshore companies and long-short positions via trusted funds, according to Antipodes' Sunny Bangia.
How China is opening its doors to global investors
05/07/2018  It is now easier than ever to invest in companies based in mainland China, and China is investing in global projects of its own.
Cash a safe haven in overvalued markets
04/07/2018  Cash may have a bad reputation as an asset class but as Morningstar Investment Management's Andrew Lill points out, when equities are overvalued it's a safe place to be while offering the liquidity to jump on opportunities when they emerge. 
Investors to benefit from CBA demerger
29/06/2018  The Commonwealth Bank's demerger of its wealth management and mortgage-broking businesses should be a positive for the embattled lender and allow it to focus on its core business, says Morningstar senior analyst David Ellis.
Telstra transformation desperately needed
28/06/2018  While it's lazy and inefficient, Telstra remains an attractive stock due to its unrivalled position, scale and infrastructure, says Morningstar's Brian Han.
Why BHP, RIO and Fortescue are overvalued
27/06/2018  Commodity prices and Chinese demand are unsustainably high, says Morningstar's Mat Hodge in explaining his less bullish view on the sector.
Grantham: Big oil fighting the green movement isn't ethical
25/06/2018  The investment community severely underestimates the risk of climate change, and the oil sector in particular isn't acting ethically or sensibly in this regard, says GMO's Jeremy Grantham.
Grantham: Avoid US equities, emphasise emerging
22/06/2018  Jeremy Grantham suggests avoiding the US equity market as much as you dare, and keeping bond duration short.
Schroders: China shares won't be derailed by Trump tariffs
21/06/2018  Schroders' Jason Yu says protectionism will increase market volatility but the fundamentals remain strong for Asia equities.
Why US share market crash is not inevitable
20/06/2018  The lack of euphoria in the market today may mean the US stock market avoids a severe decline, according to one of the world's most influential investors, Jeremy Grantham.
When an active investing strategy beats passive
19/06/2018  The value of a good asset manager comes to the fore amid market volatility and in assessing recent company listings, says Fidelity's Kate Howitt.
Trade terms, retail disruption among key investor risks: PIMCO
18/06/2018  A shift toward restrictive trade policies among some developed markets ranks among the primary risks for fixed income, while opportunities include US housing and European financials, says PIMCO's Mohit Mittal.
Trump, trade, tariffs: investment risks ahead
18/06/2018  On Friday US President Donald Trump announced tariffs on Chinese imports, triggering a potential trade war between the world's two biggest economies. As expected, China struck back, announcing tariffs on a host of key US products. Morningstar senior international editor Emma Wall sat down with Fidelity International investment director Catherine Yeung to discuss the risks investors face.
What is a stock?
18/06/2018  BACK TO BASICS: New to investing? We're here to help. Watch this animated short to find out exactly what a stock is and the risks and benefits to investing in them.
What is a fund?
18/06/2018  Funds are suitable for investors who do not have the time or expertise to construct and monitor a portfolio themselves. We go back to basics and explain all.
Bullish on Qualcomm, bearish on Tesla
15/06/2018  Global fund manager Antipodes is upbeat on mobile phone technology and natural gas, but less so on software companies and Tesla.
What US monetary policy means for Aussie investors
14/06/2018  As the US Federal Reserve hikes rates further, this credit-focused asset manager explains the implications, along with some core concepts of bond markets.
Why Qantas doesn't deserve a moat
13/06/2018  How external factors like oil prices and tourism affect Australia's flagship airline, and what it means for investors.