Reporting Season

August 2024 coverage

Reporting season always presents tactical opportunities for investors to take advantage of the stock-specific imbalances in risk and return that emerge with the release of earnings. Our Reporting Season Playbook previews the upcoming results of 155 stocks, calling out positive and negative surprise candidates, alongside an overview of the macroeconomic backdrop.

Reporting Season Playbook

Our Reporting Season Playbook previews the upcoming results for the period to June 2024 of 155 stocks under coverage. In the report, we call out positive and negative surprise candidates and present an overview of the macroeconomic backdrop. The market has weathered the effects of higher interest rates better than expected and while we still expect below-trend growth in FY24, earnings expectations have found a solid base and are forecast to resume positive growth in FY25.

Our key tactical trades in August include GQG Partners, Guzman y Gomez, Lovisa, NextDC, Regal Partners and Qualitas.

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Reporting Season Calendar

Reporting season starts on 31 July 2024 and runs through to the end of August, with almost every company expected to release by 30 August 2024. Our Reporting Season Calendar provides the expected results dates of 155 companies under coverage. As always, the busiest weeks will be the last two weeks of the month. Three-quarters of stocks under our coverage will squeeze their results into the weeks of 19 and 26 August 2024. Note that all results dates are subject to change.

Download your copy of the Reporting Season calendar today.

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Strategic investments

Strategic investments play a crucial role in effective tax planning. By choosing tax-efficient investment vehicles, leveraging Capital Gains Tax exemptions, and planning exits wisely, individuals can optimise after-tax returns. These strategic manoeuvres within the realm of tax planning are not one-size-fits-all and require a tailored approach based on individual financial goals and circumstances.

August 2024 sector previews

Consumer Discretionary

Emily Porter Analyst at Morgans, highlights challenges in the discretionary retail sector amid the ongoing cost of living crisis. Despite the weak consumer sentiment and inflation pressures, spending hasn’t plummeted entirely. Our top picks include: Lovisa (LOV), Step One (STP) and Universal Store (UNI).

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Insurance

Morgans Senior Analyst, Richard Coles gives a brief summary on the insurance sector, highlighting QBE Insurance Group Ltd (QBE) as a key stock to keep an eye on. With a positive outlook, QBE is expected to benefit from several tailwinds, potentially boosting its performance in the coming years.

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Infrastructure

Insights from Nathan Lead, Senior Analyst at Morgans. Nathan Lead highlights four key stocks in the infrastructure sector that are worth watching this August reporting season: Transurban Group (TCL), APA Group (APA), Aurizon Holdings Ltd (AZJ) and Cleanaway Waste Management (CWY).

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Healthcare

Senior Analyst, Derek Jellinek's top healthcare picks for this reporting season are in. ResMed (RMD) share price has recovered more than 30% from Sept-23 lows, volatility is likely to remain as the market is fixated on the potential impact of obesity drugs. CSL Limited (CSL) is on track to potentially meet their targets for the year with solid growth predictions for FY25.

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Technology

Senior Analyst, Nick Harris, shares his latest insights on the tech sector, highlighting the buzz around AI and its significant impact. Despite the hype, valuations remain reasonable, and AI is being rapidly integrated to boost efficiency with economically sound decisions. The initial noise around AI is now aligning with fundamental support. Key stocks to watch: NEXTDC (NXT) and Megaport (MP1).

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Telecommunications

Nick Harris, Senior Analyst at Morgans shares his latest insights on the teleco sector, which continues to attract an underweight view, largely dominated by Telstra, the sector's largest operator.

Nick notes these key stocks to watch this reporting season: Superloop (SLC) and Telstra Group (TLS).

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Reporting Season

Reporting Season Playbook

Reporting Season Calendar

Strategic investments

August 2024 sector previews

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