Key News Overnight:
The Nasdaq closed at a record high on Monday and the S&P 500 also rose as investors gauged the latest economic data while looking toward the Federal Reserve’s final policy announcement of the year later in the week to gauge the path of interest rates.
Markets have almost completely priced in a rate cut at the conclusion of the Fed’s two-day policy meeting on Wednesday, with a 95.4% chance for a cut of 25 basis points (bps), according to CME’s FedWatch Tool.
In this issue:
Pilbara Minerals (PLS) | Shipment data suggest upside to our forecasts | BUY | Analyst | Hayden Bairstow
IGO Limited (IGO) | Soft prices could delay volume push | BUY | Analyst | Hayden Bairstow
Liontown Resources (LTR) | Lithium price recovery remains elusive | BUY | Analyst | Hayden Bairstow
Westgold Resources (WGX) | First Take – Fortnum expansion study | BUY | Analyst | Hayden Bairstow
FireFly Metals (FFM) | Commences TSX Trading | SPEC BUY | Analyst | George Ross
Sovereign Metals (SVM) | First Take – Mining Rehab Trial Complete | SPEC BUY | George Ross
MLG Oz (MLG) | First Take – New contracts worth $80M | BUY | Analyst | Ian Christie
Lunnon Metals (LM8) | First Take – Key Host Rock | SPEC BUY | Analyst | George Ross
Novonix (NVX) | US$754m loan for synthetic graphite plant | Not Covered / No Rating | Jon Scholtz
Larvotto Resources (LRV) | Clarks Gully Results | Not Covered / No Rating | Patrick Streater
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