Intel Stock Under Pressure as Share Offering Spooks Markets
Intel shares (NASDAQ:INTC) have dropped sharply today, down 6.93% at $96.32 on heavy volume, after the company announced upsized the proposed offering to $20 billion of common stock. The move is one of the largest equity raises in the company’s history and lands at a moment when holders had been riding a powerful recovery that…
Tapestry Shares Dip Into Earnings, As Rally Takes Pause
Tapestry shares (TPR) fell back 4.24% yesterday ahead of today’s pre-market earnings report, although the stock remains an outperformer, up 19.1% YTD. The company heads into its Q4 earnings report off the back of four consecutive EPS beats. Analysts are expecting the company to put up EPS of $1.28 on the quarter, a meaningful jump…
James Hardie Shares Testing Resistance, As Rally Goes On
James Hardie Industries shares (ASX: JHX) trade at A$43.68, up 1.18% on the day, having tested a A$44 resistance break early on. The JHX share price has been on the move recently, adding 24.6% on the month, yet the stock is now trading into territory that looks stretched by most traditional measures. The rally accelerated…
A Junior Gold Miner for the Risk-Inclined Investor
Central bankers are playing catch-up on inflation, leaving room for gold to run. Gold producers have performed well of late; can Gascoyne Resources cash in? Sitting on the promising Never Never deposit, Gascoyne is looking to make a run. Gascoyne Resources Limited ASX: GCY (GCY) has been recapitalised of late, selling off equity on the…
Independent Oil and Gas Company Carving a Path in WA
Refined petroleum is the largest import market in Australia. Triangle Energy (Global) Ltd ASX: TEG (TEG) is a small West Australian explorer and producer. Finding a home for any barrels of oil won’t be difficult; getting it out of the ground is the hard part. A diverse range of opportunities and companies will aid in…
A New Player Enters the Lithium Fray
The global lithium market is projected an annual increase of 20%. Patagonia Lithium Ltd has been set up to cash in on some of that demand. Focussing on the abundant lithium brines in Patagonia, this newly-minted company is scouring Patagonia, Argentina for opportunities. For those that are looking for maximum multiple returns, the earlier you…
A Miner Capitalising On Surging Battery Chemical Demand
The global battery market is projected to grow at 14% pa through Avenira Limited is an Australian miner producing critical battery minerals and components. With a groundswell of international demand, the Bull.com.au projects that this miner could capture some of that growth. Avenira Limited ASX:AEV (AEV) is a mineral exploration and development company that operates…
Flight Centre Travel Group Could Beat the Short Sellers
The initial wave of COVID-19 and the subsequent variants crushed the stock price of companies operating in the global and domestic travel sector. The Flight Centre Travel Group (ASX: FLT) has been a favourite target of short sellers. The travel industry in general, and Flight Centre, in particular, are showing solid signs of recovery. The…
Wesfarmers Making Moves
Already the largest conglomerate in Australia/New Zealand, Wesfarmers (ASX : WES) continues to expand into new growth areas The company’s retail division includes the top hardware chain in the country – Bunnings – along with the top five discount department stores – K-Mart and Target – and the leading purveyor of office supplies in Australia…
Copper miner looking to bounce back with global sentiment
The world’s largest copper importer is China. China’s economy has faltered taking the strength out of global copper prices. Copper miners will be looking to a China economic rebound to see an improvement in their bottom line. Sandfire Resources Limited ASX: SFR (SFR), is a mining company, primarily engaged in the business of copper ore…
