Source: Kapitales Research

Highlights

• AMP surged after raising its first-half FY26 underlying profit guidance.
• Woodside Energy gained as energy stocks benefited from renewed investor interest.
• Brambles extended its advance on continued confidence in its resilient business model.

The Australian share market saw renewed buying interest on 16 July, with AMP Limited (ASX: AMP), Woodside Energy Group Ltd (ASX: WDS) and Brambles Limited (ASX: BXB) emerging among the session's notable performers. AMP shares climbed 6.31% to AU$2.020, while Woodside Energy gained 3.28% to AU$30.460 and Brambles added 3.45% to AU$19.440. The gains reflected a mix of positive company-specific developments and sustained investor appetite for quality large-cap stocks.

AMP Jumps on Stronger Earnings Outlook

AMP led the rally after upgrading its expected underlying net profit after tax (NPAT) for the first half of FY26 to between AU$170 million and AU$180 million, exceeding its previous expectations.The improved guidance was driven by stronger earnings from the company's China partnerships, which are expected to contribute approximately AU$56 million, representing a 24% increase from the previous half. Additional support came from higher group investment income, favourable platform-related impacts and recognised carried interest from a legacy infrastructure fund. These positives were partly offset by a negative revaluation within other partnership investments.AMP also indicated that further carried interest may be realised if the remaining legacy assets are sold and associated conditions are satisfied. The company is scheduled to release its full first-half FY26 results on 6 August 2026.

Woodside Energy Benefits from Improved Energy Sentiment

Woodside Energy also traded higher during the session as investors returned to the energy sector. The integrated energy producer has remained in focus amid ongoing movements in global commodity markets, with improving sentiment supporting major oil and gas companies.The stock's advance reflected continued investor confidence in businesses with diversified energy portfolios and strong cash-generating capabilities.

Brambles Extends Positive Momentum

Brambles continued its upward trend, supported by optimism surrounding its defensive business model and global supply chain operations. The logistics solutions provider has remained a preferred choice for investors seeking stable earnings and long-term operational resilience.The company's extensive global network and recurring revenue model continue to reinforce confidence despite an evolving economic backdrop.

Quality Stocks Continue to Attract Investors

The strong performance of AMP, Woodside Energy and Brambles highlights investors' continued preference for established companies offering earnings visibility, resilient operations and exposure to long-term growth opportunities. While AMP's upgraded earnings outlook provided the strongest catalyst, broader confidence across the energy and industrial sectors also contributed to the day's positive market performance.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise. 

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