In the Media

According to Wealth Within chief analyst Dale Gillham, Lend Lease rose 10.6 per cent on whispers of a potential takeover by a major Japanese company, while the US China trade war escalation has seen Evolution Mining shares rise over 9 per cent in the past week. The worst performers this week include Reliance Worldwide, which is down 21 per cent after releasing an update with revised guidance and Mayne Pharma Group dropped 14 per cent following a downgrade from a UBS analyst.

With the election fast approaching, everyone is getting ready for a potential change in Government, and many are wondering whether the Australian stock market will fall heavily away as a result. But, according to Wealth Within’s chief analyst, Dale Gillham Government changes are historically neither good nor bad for the stock market. “The stock market is a leading indicator of the economy and markets will continually move through economic cycles regardless of who governs the country,” Gillham said.

According to Dale Gillham, chief analyst of Wealth Within, uncertainty among investors has heightened over the past few weeks, and when the market is uncertain volatility rises. This comes as no surprise as volatility always increases in reporting season and after consolidating sideways for a period of time, it has now risen. In other news, the $15 billion dollar Vodafone-TPG merger once again came under fire from the ACCC this week. Rod Sims, the chairman of the ACCC, expressed concerns about the over concentration in the industry, which he claims would be detrimental to consumers...