Switzer TV


Commonwealth Bank's recent decline from its $190 peak may signal the beginning of a long-anticipated rotation out of the major banks, according to Shaw Partners Senior Investment Advisor Adam Dawes. Speaking on Switzer TV, Dawes highlighted the winners and losers of the most recent earnings season.

Banking Sector Rotation The Big Four banks are experiencing divergent performance, with CBA facing pressure from its premium valuation while Westpac and NAB attract relative interest. Resources stocks have been driving market gains, with fund flows shifting away from financials for the first time in months.

CBA's recent full-year result showed solid fundamentals with a NIM of 2.08% and healthy CET1 ratio of 12%, but the stock's 20+ times P/E ratio and sub-3% yield are drawing scrutiny from investors seeking value.

Reporting Season Highlights Telstra delivered an in-line result but faced selling pressure despite its defensive utility characteristics. Wesfarmers remains a concern for analysts, with Dawes warning the stock is "priced for perfection" ahead of its upcoming report.

Growth names Car Sales and REA Group posted solid results, with Car Sales benefiting from increased international revenue exposure. However, packaging giant Amcor surprised with weakness following what appeared to be a reasonable result.

Investment Opportunities

Dawes highlighted MA Financial (ASX: MAF) as a potential beneficiary of the current environment. The second-tier lender focuses on businesses that major banks no longer service, positioning it to capitalize on credit market dynamics.

CSL's Wednesday result is viewed as crucial for the healthcare sector, with expectations high following strong performance from sector peer ResMed.

Strategic Insights from WCM Investment Management

The program also featured insights from Paul Black, CEO of $115 billion investment manager WCM Investment Management, who emphasized the importance of corporate culture in investment selection. WCM's approach involves extensive research into company cultures and employee satisfaction as key indicators of long-term performance.

The firm has identified opportunities in aerospace (aging global aircraft fleet), European defense (increased military spending), and technology names like AppLovin, which is expanding its AI-driven advertising platform from mobile gaming into e-commerce.

 

This article is based on expert commentary and should not be considered personal financial advice. Investors should conduct their own research and seek professional guidance before making investment decisions.

Subscribe to Switzer

  • Switzer Report - https://switzerreport.com.au/subscribe
  • Switzer Daily - https://switzer.com.au/subscribe

 

 

Switzer Investing TV | 18 August 2025: CBA shares start taking on water, PLUS: winners and losers from earnings season

Commonwealth Bank's recent decline from its $190 peak may signal the beginning of a long-anticipated rotation out of the major banks, according to Shaw Partners Senior Investment Advisor Adam Dawes. Speaking on Switzer TV, Dawes highlighted the winners and losers of the most recent earnings season.

More videos

Mad about Money

What finance stories have caught the eye of Peter Switzer and Paul Rickard this week? Find out in our latest episode.

Series:
Stocks to spike in 2022? Experts tip Goodman Group, Megaport, QBE & more + CEO of Aussie Broadband

Peter Switzer is joined by Julia Lee of Burman Invest, Eleanor Swanson of Firetrail Investments, CEO of Aussie Broadband, Phillip Britt, and Adam Dawes of Shaw & Partners.

Series:
What causes dementia? | The Check Up

Dr Ross breaks down the main causes of dementia.

Series:
Stocks with upside: Ramsay, IEL, REA ,Woodside + US guru Peter Schiff on buy gold dump bitcoin!

Peter Switzer is joined by ST Wong of Prime Value Asset Management, renowned US finance guru Peter Schiff, and Paul Rickard from the Switzer Report.

Series:
Mad about Money

What finance stories have caught the eye of Peter Switzer and Paul Rickard this week? Find out in our latest episode.

Series:
What are the fund managers buying with the Omicron threat to stocks? Buy travel or tech stocks?

Peter Switzer is joined by Julia Lee of Burman Invest, Jun Bei Liu of Tribeca Alpha Plus, Ying Yi Ann Cheng of Coolabah Capital, and Paul Rickard from the Switzer Report.

Series:
Is ageing a disease? | The Check Up

Dr Ross discusses a statement by an anti-aging guru who declares that ageing is a disease.

Series:
MD of Webjet thinks his company will fly + how to invest in bitcoin on the cheap & why EML soared

Peter Switzer is joined by MD of Webjet John Guscic, Dan Annam of Cosmos Asset Management, Ron Shamgar of TAMIM Asset Management, and founder of Century21 Charles Tarbey.

Series:
Mad about Money

What finance stories have caught the eye of Peter Switzer and Paul Rickard this week? Find out in our latest episode.

Series:
Is it time to buy BHP, CBA, TYRO, Z1P, Lend Lease, Lynas, and Mike Gable’s hot pick?

Peter Switzer is joined by Julia Lee of Burman Invest, Adam Dawes of Shaw & Partner, Michael Gable of Fairmont Equities and Gemma Dale from nabtrade.

Series:
Dr Ross gives us his insight on genes | The Check Up

In today's video, Dr Ross states that all genes are genetic, explaining what he means when he says that it's our genes that loads the gun but our environment that pulls the trigger.

Series:
Buyable stocks: Cleanaway, Qube, Healius & more; Will rates spike + Is Commercial Property a buy?

Peter Switzer is joined by Marcus Bogdan of Blackmore Capital, Ying Yi Ann Cheng from Coolabah Capital and Helen Tarrant from Unicorn Commercial Property.

Series:
1 21 22 23 24 25 51

Fill in the form below to subscribe to Switzer Daily and get our latest articles, videos and podcasts sent straight to your inbox

Get the latest financial, business, and political expert commentary delivered to your inbox.

When you sign up, we will never give away or sell or barter or trade your email address.

And you can unsubscribe at any time!
Subscribe
© 2006-2021 Switzer. All Rights Reserved. Australian Financial Services Licence Number 286531. 
shopping-cartphoneenvelopedollargraduation-cap linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram