Closing Bell 3rd November: stocks rally tracking Wall St strength, easing Fed fears
Jerome Powell’s words echo across global markets, with ASX sectors reacting to potential future rate adjustments.
Closing Bell 2nd November: Uncertainty Looms Despite ASX Gains, as Future Rate Hikes Remain Possible
Jerome Powell’s words echo across global markets, with ASX sectors reacting to potential future rate adjustments.
Closing Bell 1st November: Miners Shine as Banks Soften and Investors Eye Federal Reserve’s Next Move
ASX sees a glimmer of recovery, echoing Wall Street’s optimism. Mining giants like Rio Tinto and Fortescue light up the market with notable gains. vestors hold their breath, awaiting insights from the Federal Reserve policy statement.
Closing Bell 31th October: Interest Rate Speculations and Global Events Steer ASX Movements
The RBA’s anticipated stance on interest rates remained a focal point for investors and market strategies.
Closing Bell 30th October: Banking and Energy Sectors Stumble as ASX Navigates Conflict Shadows
The ASX sees banking and energy sectors falter under the weight of global conflicts, while gold miners and tech stocks offer a refuge for investors.
Closing Bell 27th October: Contact Energy and Champion Iron Lead the Charge
Today’s market saw a surge of energy, with Contact Energy Ltd and Champion Iron Ltd powering through, boasting gains of 7.09% and 6.78%, respectively. Investors felt the warmth as these companies illuminated the path towards substantial market profits.
Alpha Portfolio Recommendation: Sell – ResMed Inc (RMD)
A positive surprise is anticipated in today’s quarterly earnings report, and historical reporting has been strong. Currently, the stock is undervalued, making it an opportune time to invest in this stock.
Closing Bell 26th October: Lithium’s Luminance – Azure Minerals Basks in Buyout Brilliance
Azure Minerals shimmered in the market spotlight with a 43% surge, courtesy of a lucrative buyout by Sociedad Química y Minera. The lithium sector radiates vibrancy, reflecting the material’s pivotal role in steering the world towards a greener future.
Closing Bell 25th October: Australia’s CPI Surprises, Heating Up the Economic Outlook
Australia’s Q3 CPI outperforms expectations, rising 1.2%, fueling discussions around economic strategies and potential shifts in the Reserve Bank’s interest rate policies.
Alpha Portfolio Recommendation: Buy – Pilbara Minerals Ltd (PLS)
A positive surprise is anticipated in today’s quarterly earnings report, and historical reporting has been strong. Currently, the stock is undervalued, making it an opportune time to invest in this stock.
Closing Bell 24th October: Energy Stocks Ignite as ASX Stabilizes
Energy stocks in the ASX find momentum, fueled by escalating oil prices amidst Middle East tensions, marking a bright spot in a wavering market.
Closing Bell 23th October: ASX’s Rocky Ride Continues
ASX’s tumultuous journey persists, marked by significant drops in key sectors. Amidst global conflicts, the market grapples with potential shifts in economic policies.