The Switzer Show

Reporting season delivered its winners and its warnings. On this week's Switzer Show, Peter Switzer is joined by Paul Rickard of the Switzer Report, Adam Dawes of Shaw and Partners, Russell Grady of FDC, Brendan O'Connor of Regal Partners and Joshua Bolot of DroneShield. In this episode: - Paul Rickard and Adam Dawes work through reporting season and land on seven names, from an industrial throwing off a billion in free cash to one healthcare stock that has run so far that only one of them is still buying it - Russell Grady on running a 36 year old construction business through its first weeks as a listed company, and the three-way split that keeps it out of residential - Brendan O'Connor on Phil King's retirement, the four forces he thinks will shape the next five years, and why he is telling clients to dial their risk back a notch - Joshua Bolot on the World Cup sites, airports and prisons now buying counter drone technology, and a direct answer on the director share sales that hit the share price Want the research behind these calls? Switzer Report subscribers get stock analysis from Peter Switzer, Paul Rickard and the team every trading day. https://switzerreport.com.au/subscribe/ The Switzer Show airs Mondays at 7pm AEST on ausbiz. Spotify: https://open.spotify.com/show/0mqHg1gPNAqIobu9lnXT2U Apple Podcasts: https://podcasts.apple.com/au/podcast/the-switzer-show/id1484916577

Want a list of stocks discussed on the show? Subscribers only. Start a risk-free 21-day trial of the Switzer Report (www.switzerreport.com.au/subscribe) BHP Chief Financial Officer Vandita Pant joins Peter Switzer after the Big Australian's bumper result, alongside TenCap's Jun Bei Liu and Medallion Financial's Michael Wayne with their reporting season verdicts. - Copper now makes up more than half of BHP's earnings. CFO Vandita Pant on whether the run can continue, the $4.5 billion byproducts story, and the timeline for Copper South Australia - Jun Bei Liu names the gem of reporting season, the turnaround she's buying more of, and the gold miner she'd sell. Which ones? - Michael Wayne on the ASX's pure AI infrastructure play, a fallen IPO he thinks could be the next Pro Medicus, and the tech stocks shooting the lights out Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts.

Ryan Stokes AO might be one of the busiest CEOs on the ASX. His company, SGH, owns a number of businesses including Boral, Westrac, Coates, Beach Energy, as well as Seven West Media. He's also a director of Southern Cross Austereo following a recent merger. He took some time out of his busy schedule to talk to Peter Switzer on the Switzer Show this week about the empire he oversees to share what he thinks Canberra is getting wrong when it comes to growing the future economy, how his businesses use AI, and why he gave up the chase to add BlueScope Steel to SGH's stables.

SGH CEO Ryan Stokes and Life360 CEO Lauren Antonoff front up after results, joined by Julia Lee of Shaw and Partners, Michael Gable of Fairmont Equities and Mark Wallace of G50 Corp. - Ryan Stokes on SGH's $500 million buyback, the end of the BlueScope chase, and the productivity problem he wants Canberra to fix - Life360 crossed 100 million users and the market sold it off anyway. CEO Lauren Antonoff answers the AI question - Julia Lee has sold two market darlings this reporting season and bought a stock the market dumped. Which ones? - Michael Gable's charts find a screaming buy in the uranium patch, an energy breakout that could be days away, and a verdict on the bank everyone shorts - The gold explorer that just landed Hancock Prospecting on its register, and the obscure metal it's chasing Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts. #TheSwitzerShow #ASX #Investing #ReportingSeason #Uranium #Gold #Banks

CHAPTERS00:00 - Introduction02:40 - Tesla, robotaxis and the ultimate AI company08:48 - What is vibe coding?12:17 - The ARK Venture Fund comes to Australia24:20 - Kalshi and prediction markets31:15 - The US economy, stocks and the boom36:46 - Will AI take your job?40:17 - Trump, Reagan and the golden eraWhich AI companies and technologies will boom over the next five years? In this full Switzer Show interview, Cathie Wood, one of the world's most influential tech investors, gives Peter Switzer her 2026 predictions on which companies she believes will change the world.Cathie Wood is the founder and chief investment officer of ARK Invest. Cathie has over 40 years of experience investing in disruptive innovation. Peter Switzer is the founder of the Switzer Group, a diversified content, publishing and financial services firm. An award-winning broadcaster and former academic economist at the University of New South Wales, Peter is one of Australia's most recognised financial commentators.In this episode:- Tesla: why she calls it the ultimate AI company, ARK's robotaxi maths, and the compound returns she expects over five years even if you halve her assumptions- The AI names in the ARK Venture Fund: early stakes in OpenAI, Anthropic and xAI, plus Replit and Shield AI, now open to Australian wholesale investors- Vibe coding: the AI shift she says turns everyone into a developer, and the companies behind it- Kalshi and prediction markets: the case for a market that could scale to the size of derivatives- Her boom call: AI lifting growth, inflation falling, and what she calls a real head spinner for markets- Will AI take your job? The data behind her contrarian answerLearn more about the ARK Venture Fund (Australian Feeder): https://www.associateglobal.com/funds/ark/?utm_source=switzer&utm_medium=youtube&utm_campaign=cathie-wood-interview&utm_content=full-episodeABOUT THE SWITZER SHOWThe Switzer Show is Peter Switzer's podcast on markets, money and investing. Each week Peter brings Australian investors the insights, experts and ideas that matter for your money, live and on demand on ausbiz. Read more at https://switzer.com.au/cathie-wood-interview-switzer-showThis offer is available to Wholesale Clients only, as defined in sections 761G and 761GA of the Corporations Act 2001. This video is general information only and is not financial advice. All forward-looking views and company assessments are Cathie Wood's / ARK Invest's. Past performance is not a reliable indicator of future performance.Subscribe for more from The Switzer Show.#CathieWood #ARKInvest #AI #AIStocks #Tesla #ElonMusk #TheSwitzerShow #ARKVentureFund #Investing #StockMarket #PeterSwitzerGet a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

Marty Switzer steps in for Peter this week, with three of the sharpest reads in the market as reporting season opens. FNArena's Rudi Filapek-Vandyck explains why this market has been a minefield, why an ASX earnings "recovery" is really just miners and banks, and names five all-weather stocks to own through the volatility. Shaw and Partners' Adam Dawes unpacks the semiconductor sell-off and the blow-up of a $46 billion hedge fund, weighs whether the AI trade has more to run, and gives three calls for reporting season: two to buy and one supermarket to short. And in a Switzer Show feature, Peter Switzer sits down with Yellow Brick Road's Mark Bouris on whether Australia is heading for a housing crash, what his own loan book is really saying, and what he learned from Donald Trump and Kerry Packer. Chapters 00:00 Introduction 00:54 Rudi Filapek-Vandyck on the market and 5 all-weather stocks 10:46 Adam Dawes on the AI sell-off and 3 stocks for reporting season 20:24 Mark Bouris on housing, rates and lessons from Trump and Packer The Switzer Show is general advice only and does not take into account your personal circumstances. Subscribe to the Switzer Daily newsletter for the list of stocks covered on today's show: https://switzer.com.au #SwitzerShow #ASX #Investing #ReportingSeason #AIstocks #Housing

Mark Bouris, one of Australia's greatest entrepreneurs and founder of Wizard Home Loans, joined Peter Switzer for this week's Switzer Show Feature Interview to unpack the Budget and its fallout, what the last three rate rises are doing to the economy, the housing slump everyone is arguing about, and to share what he learned up close from Donald Trump and Kerry Packer. In this week's feature interview: - What his own loan book is telling him - Why first-home buyers cannot meet the market right now - Whether Chris Joye's recent call on the Switzer Show for the 'biggest house price fall in history' still stands after this week's surprise inflation print - The hidden cost strangling small business - The three rules he was handed before meeting Donald Trump, and why Kerry Packer remains the most formidable person he has dealt with. Watch above, or listen to the Switzer Show on Spotify and Apple Podcasts. Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

On this week’s Switzer Show, Charlie Aitken explains the risks of passive investing, where he’s finding value on the ASX, why software is back in favour, and the commodity and mining stocks he believes are best positioned to benefit from a tightening supply outlook. He also weighs in on whether it’s time to buy or sell the banks. In this episode: - Charlie Aitken, Regal Partners: the dangers hiding in passive investing as he sees it, the supply squeeze he sees in new metals and resources, and why the sold-off software names on the ASX are a setup for patient investors - Ji He, Muzinich & Co interviewed by Marty Switzer: how business development companies (BDCs) work lending to the engine room of the US economy, and insight into the Muzinich BDC Income Fund (ASX: BDCI), Australia's first daily-liquid private-lending ETF. - Plus, a preview of our insightful feature interview with columnist and Chief Investment Officer Christopher Joye on his call for a record fall in house prices. You can hear the full conversation on the Switzer Show Feature Interview. Want the list of stocks mentioned on the show? Sign up for the Switzer Report newsletter at switzer.com.au/tv. The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts. ----- DisclaimersCharlie Aitken's firm Regal Partners holds positions in some of the stocks and sectors discussed. The Muzinich BDC Income Fund is brought to Australia by AGP Investment Management and Muzinich, which has a marketing arrangement with Switzer Financial Group. Chris Joye's forecasts are his own. Nothing in this episode is financial advice. Consider your own circumstances and seek professional advice before investing. #SwitzerShow #ASX #PassiveInvesting #Uranium #PrivateCredit #BDCI ***** Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

Christopher Joye joins Peter Switzer for a feature-length interview to explain why he believes Australia could be on the verge of record house price falls.He argues the country is heading into what could be the biggest house-price fall on record, a stalling economy, and a recession he says government policy is setting up.In this interview:- Housing: why Joye says prices are already falling at up to 14% a year in Sydney, and how the Budget's negative-gearing changes act like extra rate hikes- Interest rates: his call that the RBA is not done and needs to push the cash rate to 4.75-5%- The structural shift: how the negative-gearing change could rewire the way Australians invest in property- The banks: why he says CBA and the Aussie banks look overvalued, using one simple valuation test- The US and the Aussie dollar: why he is bullish on America, bearish on the Australian dollar, and backing "re-dollarisation"- AI: his contrarian case that AI is inflationary, not deflationary- The big picture: his warning on government spending, immigration and productivity, and why he thinks it ends in recessionWatch and listen to the Switzer Show at switzer.com.au/tv, and stream on YouTube, Spotify and Apple Podcasts.Note: Nothing in this interview is financial advice. Consider your own circumstances and seek professional advice before investing.#SwitzerShow #ChrisJoye #Housing #ASX #Investing #EconomyGet a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

Netwealth chief executive Matt Heine joins Peter Switzer to explain why he thinks the investment platform is a net beneficiary of AI, not a victim of the tech sell-off. In this feature interview with the ASX200 CEO: - Why Netwealth is a "volume, not seat-based" business, and how that changes the way AI affects its revenue - The moat Heine says a "bedroom coder" can't replicate: regulation and licensing, 25 years of capability, and relationships with more than 4,000 advisers - How Netwealth is using AI internally, including a chatbot now answering around 19% of incoming queries - What drove the recent fall in the share price, and how the business is positioned now - The new Netwealth Private product for high-net-worth clients - The advice gap: about 3.5 million Australians with complex needs, and only 10,000 to 12,000 advisers to serve them Matt Heine is the CEO and managing director of Netwealth (ASX: NWL) and has a direct interest in the company. Nothing in this clip is financial advice. Consider your own circumstances and seek professional advice before investing. Watch the full episode of the Switzer Show: https://youtu.be/X5boh_nRZDI The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts. #Netwealth #ASX #AI #Investing #SwitzerShow Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

On this week's Switzer Show, Peter Switzer talks to: Matt Heine, CEO & MD of Netwealth (ASX: NWL) — why a "volume, not seat-based" business is a net winner from AI, the regulation-and-relationships moat a bedroom coder can't replicate, the new Netwealth Private product for high-net-worth clients, and what really drove the share price down. Michael Gable, Fairmont Equities — the charts on the S&P 500 and a year of the ASX 200 going sideways, plus buy, hold and avoid calls on Fortescue, Northern Star, James Hardie, Ampol, Wesfarmers, WiseTech, Aristocrat, and his special pick with a fresh buy signal. Jacqui Fernley, founder & CIO of arcpoint OCIO — why the first week of US earnings was "a cracker," the one bank number that undercuts the private-credit scare, the chip sell-off as profit-taking rather than collapse, and where oil goes next. The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts.Nothing in this episode is financial advice. Stocks are discussed for general information only. Consider your own circumstances and seek professional advice before investing. #SwitzerShow #ASX #Netwealth #Investing #AustralianShares Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

It's a stock market showdown: Paul Rickard of the Switzer Report and Rudi Filapek-Vandyck of FNArena go stock by stock through the market's comeback candidates, calling what they'd buy and what they'd avoid. Plus Peter Switzer opens with what's holding the ASX back: the headwinds now outnumbering the tailwinds, and why he's turning a little more defensive. - Peter Switzer on the headwinds (the Iran war, rate rises on the table, profit taking) versus the tailwinds, and why he's pulling 80-90% growth portfolios back toward 70% - NextDC: is the datacentre hype train worth the ride? - Pro Medicus: what's the prognosis for this health stock? - Lithium (PLS) and BHP: is it a copper or a dropper? - PLUS: Bravura Solutions, the Magellan infrastructure play versus its index rivals, and whether the SEMI chip ETF is still worth backing after a huge year Want every stock call from the show in the guests' own words? Start a 21-day free trial of the Switzer Report: https://www.switzerreport.com.au/subscribe?utm_source=switzertv&utm_medium=referral&utm_campaign=21day-trial The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts. Chapters: 0:00 Intro 0:57 Peter Switzer: what's holding the ASX back 5:10 Paul Rickard and Rudi Filapek-Vandyck join the show 5:57 NextDC (NXT) 11:09 Pro Medicus (PME) 16:15 Lithium and PLS Group (PLS) 22:33 BHP (BHP) 28:06 Bravura Solutions (BVS) 33:33 Magellan Infrastructure Fund (MICH) and the index alternatives 38:36 Global X Semiconductor ETF (SEMI)

Peter Switzer digs into the budget's impact on property, then turns to the healthcare stocks staging a comeback. First, McGrath founder John McGrath on the negative gearing and capital gains changes, why he calls it the biggest structural shift since capital gains tax arrived, and why he thinks the current correction runs another 6 to 12 months. Then property investing specialists Margaret Lomas (Destiny) and Simon Pressley (Propertyology) on what the changes really mean for investors, why grandfathered negative gearing matters, and the case that Australia is far more than two capital cities. Finally, Adam Dawes of Shaw and Partners on the healthcare rotation, running through CSL, Cochlear, ResMed, Pro Medicus, Telix, Neuren and 4D Medical. 0:00 Intro 1:40 John McGrath (McGrath) on the budget and property 15:25 Margaret Lomas (Destiny) and Simon Pressley (Propertyology) 35:18 Adam Dawes (Shaw and Partners) on the healthcare rotation Want the full list of stocks our experts rated? Start a 21-day free trial of the Switzer Report: https://www.switzerreport.com.au/subscribe?utm_source=switzertv&utm_medium=referral&utm_campaign=21day-trial

David Paradice, founder of Paradice Investment Management and manager of around $19 billion, sits down with Peter Switzer for a rare long-form conversation on what 26 years in the market has taught him. He explains why he hires generalists, why selling your mistakes matters, and the discipline behind selling GameStop at $30 before it ran to $400. Paradice argues government super policy is herding money into index funds and inflating expensive names like CBA, makes his case for a long-term metals super cycle and uranium, and explains why he would back a focused founder like Gerry Harvey, Solomon Lew or Andrew Forrest over a cautious board any day.

Flight Centre founder Graham 'Skroo' Turner joins Peter Switzer to trace the journey from double-decker bus tours out of 1970s London to a diversified travel business operating in dozens of countries. He talks through COVID's damage, why he once called the internet a passing fad, and where AI itineraries still fall short of a human agent. Turner explains how rising rates and the Middle East conflict are hitting different parts of the business, why corporate travel now drives most of the profit, and why his family bought a large parcel of shares when the price was around $12. He also settles, at last, where the nickname Skroo comes from.

Xero chief executive Sukhinder Singh Cassidy joins Peter Switzer to argue the market's AI sell-off has lumped the wrong companies together. She walks through Xero's latest result (close to NZ$2.7 billion in revenue, growing north of 30% with profit up 18%), why she sees Xero as AI-forward rather than AI-threatened, and what happened when she asked Claude to rebuild Xero from scratch. She also makes the case for the Melio acquisition, Xero's push into bill payments, and how a number-two brand keeps winning share against Intuit in the United States.

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