CSL Shares Double Off Lows: How Do They Stack Up Against TLX, SIG?
CSL shares‘ dramatic recovery from a multi-year low has been a hot topic this year, but there have been a couple of other notable health tech stocks that have shone through over an extended period. Zooming out can provide some perspective, and potentially even some outperformance. The other two names we are going to look…
Anthropic IPO: What We Know, And What We Don’t
The Anthropic IPO is moving closer, although the likelihood of a November listing appears to be narrowing, at least based on prediction market data, and the recent sell-off in AI related stocks. The implied chance of a November listing was priced at 90% as recently as last month, yet those chances have narrowed closed to…
BHP Shares Drop Below A$60, Momemtum Test Looms Large
BHP Group shares (ASX: BHP) just fell 4.7% to A$58.00, capping a bruising week that has seen the stock back to one of the most closely watched technical levels on the ASX. With the 200-day Simple Moving Average (SMA) sitting just 70 cents lower at A$57.30, Friday’s session has taken on an outsized significance for…
Woolworths Shares Hit Highest Level In Years: The Latest Look
Woolworths Group shares (ASX: WOW) climbed 4.27% to A$41.28 today, hitting a new five year high at A$41.41 to extend what has been an impressive year of outperformance. This marks the first close above A$41 since 2021 for the WOW share price, despite a couple of attempts at the level in recent months. The push…
NexGen Energy Shares Make New Low, Slip Into Oversold Territory
NexGen Energy shares (ASX: NXG) fell 5.14% to A$11.44 today, hitting fresh 52-week lows at A$11.34, and into technical bear market territory on the year. The third consecutive day of declines, for a cumulative 8.92% pullback adds to what is now a 41% drawdown from the January high close. The decline appears to reflect a…
Santos Shares Hit Decades High, As Rally Continues
Santos shares (ASX: STO) cracked the A$9 ceiling, hitting the highest level in more than a decade at A$9.10. The STO share price will start today’s session at A$9.03, up 46.83% YTD, with 25.24% coming since the start of calendar H2. That’s quite enough numbers for now, let’s take a look at what is driving…
Orora Shares Pull Back As Pressures Mount
Orora shares (ASX: ORA) fell 5.78% on Wednesday after management warned that group earnings will contract further in FY27, with persistent headwinds at its troubled French glassmaker Saverglass overwhelming growth elsewhere in the business. That was all markets needed for the sell-off, as the Orora share price rounded out the day at A$1.30, adding to…
The ASX Gains A Miner, As Glencore Shares Make Debut (GLC)
Global mining and commodities trading giant Glencore plc (ASX: GLC, LON: GLEN) began trading on the ASX yesterday under ticker GLC, giving Aussies access to one of the world’s ten largest miners by market cap. After last week’s news of Firmus’ failed IPO, the ASX has a new name, but it was not the most…
Evolution Mining Shares Fall Back From Key Moving Average
Evolution Mining shares (ASX: EVN) fell 3.16% yesterday to close at A$12.55, after the company reported a softer-than-expected September quarter production result. The headline volume miss was offset by cost discipline, record cash generation, and a reaffirmed full-year guide. Under the headline move, the EVN share price moved into negative territory YTD following the move,…
Rio Tinto Shares React To Update: The Latest Look
Rio Tinto shares (ASX: RIO) closed marginally lower on Wednesday, as markets reacted to the third-quarter production update. The RIO share price was down 0.32% at A$160.48 on a day that saw the ASX 200 Materials (XMJ) pull back 0.88%. The update was largely in-line, with the A$160 level continuing to act as a meaningful…
