COMPANY ANNOUNCEMENTS Sandfire Resources (SFR) – MATSA mineral resource and ore reserve update. Clinuvel Pharmaceuticals (CUV) announced the final set of results from a study CUV151. Afamelanotide assists DNA repair after UV damage. Suncorp Group (SUN) – FY25 reinsurance program update. The FY25 reinsurance program changes have no material impact on target capital for the…
The ASX 200 has finished the day down 10 points (-0.12%) to 7822, holding onto most of yesterday’s gains. Healthcare was the best performing sector as CSL, COH and RMD all saw modest gains between 0.3% and 1%. Macquarie said CSL will benefit from a US$105m currency tailwind in FY26. PME managed a late bounce…
You have probably heard of Robo-Advice, financial advice generated by an algorithm using inputs you provide detailing your own personal financial circumstances. In the modern investing world there is a related phenomenon. Let's call it it Robo-Research and in an evolving AI world, it is proliferating. We are now plagued with literally hundreds and hundreds…
US equities closed broadly higher in a shortened trading session ahead of the US holiday. Weak economic data reinforced bets that the Fed will start cutting rates this year sending bond yields lower and stocks higher. The S&P 500 and NASDAQ posted record-high closes for a second consecutive session, up 0.51% and 0.88%, respectively. The…
SUMMARY Sold EOS yesterday afternoon to lock in a 12.5% profit. After such a rapid rise, things can turnover quickly. TWE up modestly yesterday. No change. No change to AD8, hanging in there. Resources come alive in our market yesterday and global markets overnight. Iron ore, coal, gold, uranium, copper and lithium up. Time for…
SUMMARY Global Resources rally for a day as US dollar drops. It's trade time. Adding FMG in the One Stock Portfolio. More in the Trading Section. US Rate cuts getting more likely by the day. Big Tech up again – hard staying in cash. US closed tonight. US Jobs numbers on Friday. Education Corner –…
The ASX 200 has finished the day up 92 points (1.2%) to 7832 as resources kicked back to life. After weeks of selling pressure iron ore giants, copper, lithium and gold saw risk-off buying. Iron ore shot to a one-month high taking BHP and RIO up 2.6%. FMG up 3.2%. Lithium stocks bounced of lows.…
Another good night on Wall Street. The S&P 500 and NASDAQ both closed at record highs. S&P 500 closed above 5,500, up 0.62%, marking its 32nd record this year. The NASDAQ rose 0.84%, supported by gains in Tesla +10.2% after reporting a smaller-than-expected 5% drop in vehicle deliveries in Q2. Blue-chip Dow rose 162 points…
SUMMARY Punching the air with EOS, up 17%. Does that mean sell? Tightening stop loss. Afternoon update: Selling and locking in a profit. Down 5% today, could turn over quickly. Another strong session for WDS, raising stop loss. Temped to add KAR for a more geared exposure. Not yet. TWE rises yesterday vs a down…
