Key News Overnight:
U.S. stocks dropped after Apple warned that it won’t meet its sales target due to the coronavirus, though gains for Microsoft, Amazon and Facebook gave the slightest of lifts to the Nasdaq
China’s efforts to fight the coronavirus are yielding significant results, Xi Jinping told Boris Johnson. Xi also said that Beijing is confident that it will achieve this year’s economic development targets
Apple declined as its outlook cut revived concern about its over-reliance on China. IPhone supply and demand have been hit as factories resume work more slowly than expected and most of its Chinese stores remain closed
Oil recovered from an earlier slump in New York on renewed fears of the coronavirus, closing flat, while gold and other precious metals gained. Base metals were mixed. Natural gas rose on forecasts for colder U.S. weather
In This Issue:
Fortescue Metals (FMG) | 1HFY20 Result | SELL | Analyst | James Wilson
St Barbara Ltd (SBM) | 1HFY20 Result | BUY | Analyst | James Wilson
Salt Lake Potash (SO4) | Binding offtake with Mitsui & Co | BUY | Analyst | Michael Ednie
Seven Group (SVW) | Interim results | Not covered | No rating
Saturn Metals (STN) | Further high grade gold intercepts | Not Covered, No Rating
Hot Chili (HCH) | Drilling underway at Cortadera | SPEC BUY
Recent Research:
Bellevue Gold (BGL) | Expansion and increased confidence| SPEC BUY| Analyst | Matthew Keane | Contract Mining | Better prospects | Analyst | Ian Christie
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