Silex Systems Shares Catch A Bid Off Lows: Is Support Stepping In?
Silex Systems shares (ASX:SLX) are up 16.16% so far this week at A$3.45, having gapped up to A$3.59 at yesterday’s open before giving back some of those gains. Amid a difficult year that continues to have Silex’s share price down 61.28% YTD, the bounce is welcome relief for bulls against a deeply bearish setup. The…
ASX 200 Continues To Build Momentum, With CBA Update On Deck
The ASX 200 continued to build on a solid start to November on Tuesday, adding 1.1% to close at 9,129, with easing bond yields and falling oil prices driving broad-based gains across most sectors. Attention now turns to today’s Commonwealth Bank quarterly trading update, which arrives at a critical moment for the domestic banking sector…
Minerals 260 Shares Gain New Bull as Analyst Initiates With Outperform Rating
Minerals 260 shares (ASX:MI6) have been one of the standout performers on the ASX this year, adding 97.67% year-to-date to sit at A$0.85, as a new bullish analyst adds weight to the move. BMO Capital has initiated coverage on Minerals 260 with an Outperform rating and a price target of A$1.75, as the company accelerates…
Australia’s First Data Centre ETF Hits The ASX: Meet The DTCR
Australia’s first dedicated data centre ETF was launched this week (ASX: DTCR) offering local investors a direct line into the physical backbone of the global AI boom, arriving just as the sector faces its sharpest sell-off in quite some time. The ETFS Global AI Infrastructure and Data Centres ETF debuted on the ASX on Tuesday,…
Fed Expected To Hike Rates In December, But What Happens Next?
Federal Reserve Governor Christopher Waller has delivered one of the clearest hawkish signals yet from a sitting policymaker, explicitly backing a rate increase at the December FOMC meeting and warning that a larger-than-expected half-point move could be on the table if inflation data disappoints. The remarks, delivered during a speech in London, have sharpened market…
Life360 Shares Fall 15% On Earnings: What Happened?
Life360 shares (ASX:360) just fell 15.32% today to close at A$18.91, off the back of results that did not look all that bad on first glance. Third-quarter revenue rose 40% year on year to US$174.1 million, adjusted EBITDA climbed 41% to US$34.6 million, and global monthly active users reached 107.7 million. With the 360 share…
Elsight Shares Enjoy Welcome Bounce: The Latest Look
Elsight shares (ASX: ELS) closed 9.31% higher today at A$1.58, in a month that has delivered one of the darker periods for holders on record. The stock remains 60.18% lower over the past month of trading, and more than 80% off the highs of June, with plenty of volatility in the name. Today’s move will…
Weebit Nano Shares Bounce off Lows, Amid Difficult Year
Weebit Nano shares (ASX: WBT) added 9.25% today to close at $2.48, a healthy bounce into what has been a brutal year for bulls. The stock has now added 15.89% through the past two trading sessions, yet continues to trade 10.14% lower over the past month, and 49% down in the past six. The move…
Monadelphous Shares Add 15% To Lead ASX 200 Today
Monadelphous shares (MND: ASX) led the ASX 200 today, adding 15.3% to close at $32.63, for what is the highest closing price on record. Whilst the MND share price did not trouble the ATH intraday level of A$36.88, the latest move pushes the stock firmly into outperformer territory on the year, up 30.52% over the…
Uranium Stocks Enjoy Strong Start To Week
Uranium stocks caught a firm bid to the start of the week, with a few key names on the ASX posting double-digit gains, as markets rotated into beaten-down energy transition and AI infrastructure plays. The bounce comes after a heavy period of pressure that has pushed a few of the cohort deeply negative on the…
