Key News Overnight: The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market remains resilient despite higher borrowing costs and mounting fears of a recession this year In This Issue: Liontown Resources (LTR) | Open Pit Commences | Not covered / No rating BCIRead more
Key News Overnight: The S&P 500 and the Nasdaq closed sharply higher on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease, in remarks he made following a quarter-point rate hike by the U.S. central bank In This Issue: Family Zone (FZO) | Cash Buffer Would Refocus Attention | BUYRead more
Key News Overnight: Major U.S. stock indexes closed over 1% higher on Tuesday as labor cost data encouraged investors about the Federal Reserve’s aggressive approach to taming inflation a day ahead of the central bank’s critical policy decision In This Issue: MM8 | Gem Extensional Drilling NYSE:CAT | 4Q22/CY2022 results GBR | Side Well MRERead more
Key News Overnight: Major U.S. stock indexes sank on Monday, weighed down by declines in technology and other megacap shares, as investors looked toward a major week of events including central bank meetings and a slew of earnings reports In This Issue: Gold Road (GOR) | December Quarterly | HOLD | Analyst | John Macdonald SilverRead more
Key News Overnight: A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap In This Issue: Capricorn Metals (CMM) | December Quarterly | HOLD | Analyst | John MacdonaldRead more
Key News Overnight: Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed corporate earnings, all while eyeing the clock as it ticks down toward next week’s Federal Reserve monetary policy meeting In This Issue: Capricorn Metals (CMM) | Mt Gibson &Read more
Key News Overnight: The S&P 500 ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell In This Issue: Leo Lithium (LLL) | Doubling Danaya | SPEC BUY | Analyst | George Ross West African Resources (WAF) |Read more
Key News Overnight: Wall Street closed sharply higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year In This Issue: AIC Mines (A1M) | Eloise Loves Jericho | SPEC BUY | Analysts | George Ross & John MacdonaldRead more
Key News Overnight: A bipartisan group of U.S. lawmakers is preparing a plan to defuse a looming crisis over the nation’s debt ceiling by changing it from a fixed dollar amount to a percentage of national economic output, the group’s top Republican said on Sunday In This Issue: Northern Star Resources (NST) | Onwards, UpwardsRead more
Key News Overnight: The U.S. government hit its $31.4 trillion borrowing limit on Thursday, amid a standoff between the Republican-controlled House of Representatives and President Joe Biden’s Democrats on lifting the ceiling, which could lead to a fiscal crisis in a few months In This Issue: CTI Logistics (CLX) | Guidance upgrade | BUY |Read more
