Zip Co Shares (ASX:ZIP) Recent Struggles – What Next?
Zip Co shares (ASX:ZIP) have faced intense selling pressure over the past week, reflecting broader market anxieties and a reassessment of high-growth technology stocks. The company’s stock price managed to rally today, gaining 6.72% on the day, but remaining firmly down over the past week (-23.49%), and even moreso YTD (-57.24%). This has been a…
Abacus Storage King Shares Surge on A$1.93 bn Takeover Bid
Abacus Storage King (ASX: ASK), a major player in the self-storage market, has been catapulted into the M&A spotlight following a significant, unsolicited takeover proposal from a consortium including U.S. storage giant Public Storage (NYSE: PSA) and Ki Corporation. The conditional, non-binding offer has ignited investor interest and prompted a sharp re-evaluation of the company’s…
Fortescue Shares Make New 52 Week Low as Bears Pile on Pressure
Fortescue shares (ASX: FMG) continued their downward trajectory this week, closing down 2.99%, and critically below the $15level. In closing at $14.94, Fortescue’s share price also made a new 52 week low at $14.86 on the day, with the year high of $27.67 a long way away. The recent single-day decline is symptomatic…
Rio Tinto Shares Make New Low as Recent Range Breaks To Downside
Miner Rio Tinto’s shares (ASX: RIO) fell back 2.73% today, falling to the low point of the year in closing at $111.94. From a technical standpoint, the stock continues to make lower lows, slipping below the range that had held for much of the past 6 months ($114- $125). While the recent price action has…
ASX 200 Support Holds as Markets Reel from Tariffs
Aussie markets rallied slightly from significant early losses today, as market’s reacted to new tariffs imposed by the Trump administration, which led the ASX200 down 0.94% and the All Ords down 0.99%. The tale of the day could have been worse, with both indexes reclaiming half the earlier losses of the day and rallying into…
Paladin Energy Shares (ASX: PDN) Make Fresh 52-Week Low
Paladin Energy’s share price (ASX: PDN) hit fresh 52-week lows today at $4.75, capping off a rather brutal period of selling pressure that stands in contrast to a persistently bullish consensus among market analysts. The stock closed the day $4.81, marking a 5.68% decline for the day and a multi year low. The recent pain…
What to Expect from RBA Meeting April 1
Central bank monetary policy meetings are pivotal events in the financial calendar, capable of sending ripples across global markets. The upcoming Reserve Bank of Australia (RBA) meeting scheduled over March 31st and culminating in an announcement on April 1st, 2025, holds particular interest, not just for its potential impact on the Australian economy and the…
ASX 200 Flirts with 8,000 Mark Amidst Market Instability
Australia’s benchmark ASX 200 Index (XJO) staged a tentative recovery this week, momentarily moving above the psychologically significant 8,000-point level to end the week before settling into the close at 7,982 for a 0.16% gain on the day, and 0.64% up on the week. The recent gains do little to dispel the clouds of recent…
ANZ Group Shares (ASX: ANZ) Return Neutral on Year
ANZ Group shares (ASX: ANZ) paint a mixed picture, as the 3.18% loss of today brings the price back to where it began 2025. Neutral on the year is not all bad, with ANZ navigating the Australian banking landscape better than it’s peers over the same period. CBA, (-3.22%), NAB (-9.3%), and Westpac (-4.1%) are…
Can Commonwealth Bank Shares (ASX: CBA) Rally From Here?
Commonwealth Bank of Australia (ASX: CBA), the nation’s largest bank, is currently in the midst of a dip in sentiment, with the CBA share price down more than 12.5% from the highs set just last month. As another trading week draws to a close, the stock is trading at A$145.60, down mildly (0.23%) on the…
