TMS Insights March 2025: Reporting wrap and the Trump effect
The market has given up 6% since its Valentine's Day peak, and that's roughly what Ben and Jeremy expected. In this episode of TMS Insights, the back half of reporting season, and how to invest through the noisiest presidency in memory.
In this episode:
- Wesfarmers holds its gains in a season where good results got sold, with Anko's global rollout the standout again.
- Richard White fronts the market and beats the desk: if you own WiseTech, he's the man steering the ship, and the result lands in line despite everything.
- Goodman's share purchase plan comes with a catch: no pricing protection, which makes buying on market the better move.
- The unloved infrastructure trio of APA, Transurban and Atlas Arteria deliver a surprise, with APA yielding in the high sevens.
- And why business leaders, not headlines, are the better read on Trump: watch the decisions, not the words.
Companies discussed: Wesfarmers (WES), WiseTech Global (WTC), Goodman Group (GMG), APA Group (APA), Transurban (TCL), Atlas Arteria (ALX), BHP (BHP), Rio Tinto (RIO), Macquarie Group (MQG) and Aristocrat (ALL).
If you'd like a conversation about how your portfolio is positioned, or a second opinion, our team is always happy to talk.
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