Seek Bull Confident Rate Cuts Will Stoke Ad Volumes -- Market Talk

Dow Jones

Jan 16, 2025

0035 GMT - Seek's bull at Macquarie is confident that near-term interest-rate cuts will stoke job ad volumes and boost the Australian classifieds provider. An analyst note says that Seek remains the investment bank's preferred exposure to the local rate cuts widely anticipated to occur in 2025. The note points to a high historic correlation between rate cuts and ad volumes, with continued low unemployment likely to be a supporting factor. The bank's analysts are cautious on Seek's Asian business, but see lower operating leverage rather than any earnings risk. Macquarie cuts its target price 11% to A$25.00 but keeps an outperform rating on the stock, which is up 2.7% at A$22.29. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 15, 2025 19:36 ET (00:36 GMT)

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An analyst note says that Seek remains the investment bank's preferred exposure to the local rate cuts widely anticipated to occur in 2025. The note points to a high historic correlation between rate cuts and ad volumes, with continued low unemployment likely to be a supporting factor. The bank's analysts are cautious on Seek's Asian business, but see lower operating leverage rather than any earnings risk. Macquarie cuts its target price 11% to A$25.00 but keeps an outperform rating on the stock, which is up 2.7% at A$22.29. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 19:36 ET (00:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seek Bull Confident Rate Cuts Will Stoke Ad Volumes -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeek Bull Confident Rate Cuts Will Stoke Ad Volumes -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-16 08:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0035 GMT - Seek's bull at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> is confident that near-term interest-rate cuts will stoke job ad volumes and boost the Australian classifieds provider. An analyst note says that Seek remains the investment bank's preferred exposure to the local rate cuts widely anticipated to occur in 2025. The note points to a high historic correlation between rate cuts and ad volumes, with continued low unemployment likely to be a supporting factor. The bank's analysts are cautious on Seek's Asian business, but see lower operating leverage rather than any earnings risk. Macquarie cuts its target price 11% to A$25.00 but keeps an outperform rating on the stock, which is up 2.7% at A$22.29. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2025 19:36 ET (00:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEK.AU","symbol_name":"SEEK LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503060773","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503060773","pubTimestamp":1736987760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0035 GMT - Seek's bull at Macquarie is confident that near-term interest-rate cuts will stoke job ad volumes and boost the Australian classifieds provider. An analyst note says that Seek remains the investment bank's preferred exposure to the local rate cuts widely anticipated to occur in 2025. The note points to a high historic correlation between rate cuts and ad volumes, with continued low unemployment likely to be a supporting factor. The bank's analysts are cautious on Seek's Asian business, but see lower operating leverage rather than any earnings risk. Macquarie cuts its target price 11% to A$25.00 but keeps an outperform rating on the stock, which is up 2.7% at A$22.29. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SEK.AU":"SEEK LTD","BK7002":"互动媒体与服务"},"translate_title":"寻求多头信心降息将增加广告量——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEK.AU":0.9},"content_text":"0035 GMT - Seek's bull at Macquarie is confident that near-term interest-rate cuts will stoke job ad volumes and boost the Australian classifieds provider. An analyst note says that Seek remains the investment bank's preferred exposure to the local rate cuts widely anticipated to occur in 2025. The note points to a high historic correlation between rate cuts and ad volumes, with continued low unemployment likely to be a supporting factor. The bank's analysts are cautious on Seek's Asian business, but see lower operating leverage rather than any earnings risk. Macquarie cuts its target price 11% to A$25.00 but keeps an outperform rating on the stock, which is up 2.7% at A$22.29. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 19:36 ET (00:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}