The Dow Jones index fell by 915 points or 4.1%, losing 700 points in the last 30 minutes of trade. The S&P500 index lost 3.4% and the Nasdaq fell by 295 points or 3.8%. Over the week the Dow rose by 12.8% – the best weekly gain since 1938.
Read MoreInvestors opted for caution ahead of the weekend, sending the ASX 200 lower.
Read MoreThe Aussie market is under pressure to continue to its recent run of gains. As the market losses accelerate, more sectors are turning red from what was broad-based gains earlier in the morning.
Read MoreUS sharemarkets rose for a third day on Thursday – the best 3-day gain for the Dow Jones since 1931. There are hopes for even more government stimulus.
Read MoreToday’s improvements have been across the board with healthcare, technology and energy among the best performers. The standout for the IT sector has been buy-now pay-later provider, Afterpay (APT) which surged another 29% today.
Read MoreStocks continued to rebound on Thursday as investors await the passage of Legislation that would deliver a $2 trillion COVID-19 support package to the US economy.
Read MoreUS stocks surged on news that Congress had approved a 2 trillion dollar support package for the US economy.
Read MoreThe ASX 200 rose 262 points or 5.5% to finish at 4998. The gains were looking to be far less substantial with only a matter of minutes to trade, the index soared 150 points at the close.
Read MoreThe ASX 200 followed US stocks higher on Wednesday as buyers raided the market, capitalising on discounted shares.
Read MoreStocks surge as central bank initiatives gain traction.
Read MoreThe Aussie share market rallied in late trade to finish at intraday high. #ASX 200 +189.2pts or +4.15% to 4753.3. All sectors improved. Energy stocks, banks, property stocks and tech were the best performers. Market fell 6% on Monday.
Read MoreASX recovers from steep losses as investors focus on US stimulus.
Read MoreUS sharemarkets were weaker on Monday. The latest initiatives by the Federal Reserve failed to lift investor spirits. Maryland, Ohio, Louisiana and Delaware joined New York and California in issuing ‘stay at home’ orders.
Read MoreASX 200 plumbs new 8 year lows.
Read MoreASX 200 hits fresh 8 year lows.
Read MoreUS sharemarkets fell by 3.8-4.6% on Friday.
Read MoreUS sharemarkets lifted on Thursday in yet another volatile session. Investors were encouraged by moves by the US Federal Reserve.
Read MoreThe ASX 200 gave up a 3% gain to be lower at lunch as investors considered the latest developments in relation to US economic support measures and local employment data.
Read MoreUS sharemarkets slumped on Wednesday. Investors continue to wait for details and approval on a touted $1.3 trillion stimulus package from Congress.
Read MoreUS sharemarkets posted solid gains on Tuesday. Investors were encouraged by moves by the Federal Reserve to buy debt directly from companies. Investors were also encouraged by news that a US$1 trillion fiscal stimulus package is being considered.
Read MoreThe ASX 200 closed on the best point of the day adding 291.4 pts or 5.83% at 5293.4. The index avoided falling below Friday’s low of 4,873, bounced off 5,000pts & shook off the US market’s massive 12.9% decline last night.
Read MoreLocal shares rebounded on Tuesday having suffered some of the worst declines on record a day earlier.
Read MoreAll sectors finished deep in the red with consumer staples stocks the least affected. Industrials, energy & banking stocks recorded the worst falls.
Read MoreThere has been no respite for investors on Friday as the ASX follows another sell-off on Wall Street. Investors remain rattled over the coronavirus spread & the questions over the effectiveness of government responses.
Read MoreUS sharemarkets slumped on Thursday as Investors remain disappointed about the absence of a stimulus plan.
Read MoreStocks globally have taken little encouragement from stimulus measures announced by the Prime Minister Scott Morrison and the US President, Donald Trump. US stock futures have slumped in after-hours trade.
Read MoreUS sharemarkets fell by around 5-6% on Wednesday with investors still awaiting an economic stimulus package from the White House.
Read MoreThe local sharemarket has seen a volatile start to trade as investors wait for widely vaunted economic support measures to be announced locally, while US lawmakers haggle over the substance of similar initiatives in the US.
Read MoreUS sharemarkets remained volatile, awaiting details of the economic response to the COVID-19 crisis from the White House.
Read MoreFollowing a sell off on Wall Street overnight, the index was down as much as by 220 points or 3.3% before a turnaround of near 7%. An important catalyst for the turnaround was the news that the US would announce fiscal stimulus to boost the world’s largest economy. By close, the ASX 200 added 179 pts or 3.11% at 5939.6 to finish on best levels of the day.
Read MoreASX 200 consolidates after yesterday’s selling rout. Investors take heart from a US proposal to cut payroll taxes in an effort to support US businesses.
Read MoreGlobal markets, which have been concerned over the coronavirus outbreak and the potential fallout for economies around the world, are now dealing with another issue in plunging oil prices.
Read MoreThe ASX 200 is suffering one of the worst daily declines in over a decade. Global markets are now dealing with another issue in plunging oil prices, adding to existing concerns over the coronavirus outbreak & potential fallout for economic growth.
Read MoreUS sharemarkets rose on Wednesday. Sharemarket investors were encouraged by victories in ‘Super Tuesday’ primaries by moderate Democrat Joe Biden ahead of left-wing candidate Bernie Sanders.
Read MoreUS sharemarkets remained volatile on Tuesday as investors took stock of the Fed rate cut and the commitment to action by G7 finance ministers.
Read MoreThe Australian sharemarket slumped for the seventh consecutive session on Monday, in the process hitting its lowest levels in more than 9 months.
Read MoreUS sharemarkets remained volatile as investors digested news on COVID-19.
Read MoreThe share market saw early gains on Thursday, showing a willingness to consolidate having shed around 6% in recent days. However, sellers took advantage of the early gains to push ASX 200 lower at lunch. Banks are the main weight on the Index at lunch with most of the big four down in the order of 1%.
Read MoreUS sharemarkets were volatile as investors digested news on COVID-19.
Read MoreThe US Centre for Disease Control warned Americans to prepare for the spread of the Coronavirus in the US.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
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DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
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DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
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DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
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Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
DOWNLOAD RESEARCH REPORT
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DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
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DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
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DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
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