Lynas Rare Earths Q1 Activity Update
Lynas (LYC) is down 1.8% today as it releases its Q1 activity report. The highlights include:
Quarterly revenue falling from $143m to $228m and Neodymium (NdPr) production falling from 1864 tonnes to 1526 tonnes.
End of Day Report – Liontown plummets 32%
ASX 200 managed to cling to 6900 falling 81 (-1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week. 10-year yields stable at 4.74%, with US rates breaching 5.00% briefly. Banks sold off, with CBA down 1.0% and NAB down 1.6%. Banks have…
End of Day Podcast Friday
ASX 200 managed to cling to 6900 falling 81 (1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week. 10-year yields stable at 4.74% with US rates breaching 5.00% briefly. Banks sold off with CBA down 1.0% and NAB down 1.6%.
Pre-Market Podcast Thursday
All three major indexes in the US closed sharply lower overnight, near worst levels, as escalating Middle East conflict dampened risk appetite. The Dow Jones fell 333 points (-0.98%), trading lower all day, down 399 points at worst. The S&P 500 and NASDAQ are now down for the week, losing 1.34% and 1.62% overnight.
Henry’s Take – Lithium Tanks
SMALL CAP PORTFOLIO 2.30pm Update – News in The Australian suggests that Brookfield is working on a higher bid for ORG. I had this really interesting interview sent to me. Robert Friedland Interview. Hot off the press as my friend Richard Morrow would say. Click here Nothing done in the portfolio. Nasty day on the…
Marcus Take – Risk Off Again
ACTION TODAY – Selling AKE and MIN in the Ideas Portfolio. Risk off again today. Market plagued by higher for longer again. Bond yields up again on strong data.
Middle East tension not helping sentiment. Oil price up. Gold up.
Morgan Stanley belted on results (-6.8%).
Good Netflix results (+12%). Tesla margin pressures.
Nvidia down 8% in two days.
Lithium stocks hammered overnight on BoA lithium price downgrade.
Technical Scans
TECHNICAL SUMMARY Finally buy signals on CSL and RMD from oversold levels. Healthcare sector has a daily buy signal. ORG finally a sell signal after a great rally. Host of Bond related ETFs oversold again as bond yields pop. AWC – weekly buy signal. Same list of quality large stocks still oversold – CSL, TCL,…
Members Podcast Thursday – Risk off again
Our market down 87 and the jobs numbers not helping showing a tight labour market. Bond yields, poor US Results and Middle East tension doing us in.
Northern Star Q3 Activities and Guidance Update
A quick update from Northern Star – NST is up 3.5% today after posting well received Q3 activities report this morning. We hold in the Idea’s portfolio and is performing well (the gold price rose overnight again on more Middle East conflict concerns).
End of Day Report – Broad Market Sell Off
ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market as bond yields and Middle East conflict weighed on risk-takers. Big Banks down in the dumps, with CBA off 1.6% and the Big Bank Basket falling to $175.68 (-1.4%). MQG fell hard on US investment bank sell-off, down 2.7%. Insurers…