Top 10 articles of last week
Elon Musk's ongoing spat with American regulators captivated Morningstar readers this week, along with the entry of a2 Milk into the best stock ideas list, while the lack of retirement preparedness among Australians is a nagging concern.
Mentioned: Netwealth Group Ltd (NWL), AMP Ltd (AMP), BHP Group Ltd (BHP), ClearView Wealth Ltd (CVW), Flight Centre Travel Group Ltd (FLT), Magellan Financial Group Ltd (MFG), Ramsay Health Care Ltd (RHC), Reliance Worldwide Corp Ltd (RWC), Transurban Group (TCL), WiseTech Global Ltd (WTC)
Elon Musk's ongoing spat with American regulators captivated Morningstar readers this week, along with the entry of a2 Milk into the best stock ideas list, while the lack of retirement preparedness among Australians is a nagging concern. Â
Musk was wise to settle with SEC, says analysts
Tesla shares crashed on Friday after news broke the previous night that founder Elon Musk had been charged with fraud by the US regulator, the Securities and Exchange Commission.Â
a2 Milk cracks Morningstar Best Ideas list
New Zealand infant milk formula company The A2 Milk Co has joined Murata Manufacturing Co and Blackrock as new entrants in Morningstar's list of Global Equity Best Ideas.Â
Falling short: Aussies underestimate the cost of retirement
Australians are underestimating by up to 20 per cent the amount of money they'll need in retirement, according to a new survey from global investment manager Schroders. Â
5 top stock upgrades for FY18
These companies spanning financial services, healthcare, property and entertainment each saw double-digit improvements in their fair value estimates following their full-year results. Â
Equity Mates: We were foolishly overconfident
When it comes to investing in the stock market for the first time, three words may well come to mind: terrifying, overwhelming, and intimidating.
ANZ $824m profit hit, other banks to follow
Morningstar analysts have downgraded their earnings forecast for Australia & New Zealand Banking Group following news that the lender is facing record compensation costs and have warned that other banks could face similar charges. Â
Regulatory crackdown and profit squeeze on CBA horizon
The harsh headwinds of the banking royal commission could damage the longer-term outlook for wide-moat major banks such as Commonwealth Bank of Australia, says Morningstar senior equity analyst David Ellis.
Drought hits listed agricultural companies
Financial services giant AMP could face additional legal action from the corporate regulator as fallout from the banking royal commission interim report continues, says Morningstar.Â
CBA well placed to weather internal, external headwinds
The harsh headwinds of the banking royal commission could damage the longer-term outlook for wide-moat major banks such as Commonwealth Bank of Australia, says Morningstar senior equity analyst David Ellis.
Magellan's Douglass vacates CEO role to focus on picking stocksÂ
Hamish Douglass, the co-founder and public face of the $74 billion asset manager Magellan Financial Group, is stepping down as chief executive to spend more time picking stocks.
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Lex Hall is a Morningstar content editor, based in Sydney.
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