Key News Overnight: All three U.S. stock indexes closed lower on Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this year. In this issue: Westgold Resources (WGX ASX/TSX) | Ramping over FY25 | BUY | Analyst | HaydenRead more
Key News Overnight: U.S. stock indexes closed lower on Wednesday as chip stocks tumbled and investors awaited a host of corporate earnings. Microsoft(MSFT.O) and Meta Platforms(META.O) reported earnings after the bell, with both beating quarterly revenue estimates. In this issue: Pilbara Minerals (PLS) | Transitioning to a P850 operating model | BUY | Analyst | HaydenRead more
Key News Overnight: The Nasdaq scored a record closing high and the S&P 500 rose on Tuesday, while the Dow fell as investors digested a host of corporate earnings and awaited Google-parent Alphabet’s (GOOGL.O), opens new tab results that came after the market close. In this issue: Capricorn Metals (CMM) | $200m capital raising to drive growthRead more
Key News Overnight: Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East In this issue: IGO Limited (IGO) | Cash burn exaggeratedRead more
Key News Overnight: The rally in U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. In this issue: IGO Limited (IGO) | First Take – 1QFY25 production result |Read more
Key News Overnight: The Nasdaq and the S&P 500 gained on Thursday, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results. In this issue: Northern Star Resources (NST) | Solid start to the year and guidance unchanged | BUYRead more
Key News Overnight: Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident about strong rate cuts from the Federal Reserve, while corporate news pressured McDonald’s and Coca-Cola. In this issue: Perseus Mining (PRU) | 1QFY25 result | BUY | Analyst | Patrick Streater West African Resources (WAF)Read more
Key News Overnight: U.S. stocks ended little changed on Tuesday, but the Nasdaq eked out a modest gain while investors kept an eye on Treasuries yields and awaited more earnings to assess the health of American companies. In this issue: Vault Minerals (VAU) | Pushing King of the Hills to 6.0mtpa | BUY | Analyst |Read more
Key News Overnight: The Dow Jones Industrial Average and S&P 500 closed lower on Monday, retreating from Friday’s record high closes and six straight weekly gains as Treasury yields rose and investors wary of high valuations awaited earnings from major companies. In this issue: Bellevue Gold (BGL) | Solid cash result despite soft production | BUY |Read more
Key News Overnight: The Dow Jones Industrial Average and S&P 500 chalked up record closing highs on Friday, with the Nasdaq also in positive territory, as markets were boosted by an earnings-driven jump in Netflix shares and broader gains across technology stocks. In this issue: Civmec (CVL) | Key strategic locations – Initiation | BUY |Read more
