Closing Bell 31st January: XJO at record highs. Lower CPI brings in buyers
XJO at record highs. Lower CPI brings in buyers. nears record highs. Uranium stocks finding support
XJO at record highs. Lower CPI brings in buyers. nears record highs. Uranium stocks finding support
It’s been a rocky ride for Lithium so far this year but through all the noise, we see quality buying opportunities in the space for the long term. Mining giants Gina Rinehart and Chris Ellison have long track records in running profitable mining operations in literally the most abundant mineral on the planet, Iron Ore and they are aggressively buying into the next mining boom of Lithium.
given the recent strength in Tech stocks in the US and the failure of the ASX200 at record high of 7630 for the 4th time in 3 years
Stocks were mixed leading into Mega Cap earnings from Microsoft and Google which were released after the bell as continued strength in the labour market relieved pressure on the Fed to bring forward rate cuts
XJO nears record highs. Megaport MP1 and Nickel Industries NIC both jump on earnings
Judo Capital Holdings Limited (Judo Bank) reported a strong first half of the fiscal year 2024, with a notable profit before tax increase of 24% compared to the previous period.
LTR is quickly following the rebound lithium stocks
The recent positive speculation about the removal of trade tariffs from China this quarter was squashed by a massive cap raise of $825m at 10.80 per share to fund the acquisition of high-end Californian wine group Daou Vineyards in a deal worth up to $US1 billion ($1.6 billion) as it steps up expansion in the United States luxury wine market.
Incitec Pivot Limited (IPL) is a manufacturer and distributor of industrial explosives, industrial chemicals and fertilisers to the agriculture and mining industries.
Stocks climbed overnight as investors added to bullish bets on tech ahead of earnings from several mega-cap tech companies, with key macro-economic events including Federal Reserve policy-setting meeting and monthly jobs report due later this week
XJO rises. Oil prices jump on Red Sea attacks. Energy stocks rally. GOR falls 16% on lower production.
Stanmore Resources (SMR) owns and operates the Isaac Plains Complex in Queensland’s prime Bowen Basin region which includes the Isaac Plains Mine and processing facilities, the adjoining Isaac Plains East (operational), Isaac Downs Project (under development) and the Isaac Plains Underground Project.