Xero shares (ASX:XRO) down 12.62% last month. Analysts like the stock
Coming off 52 week highs set in March, Xero shares (ASX: XRO) have taken a bit of a breather in the last last month, dropping 12.62%. With analysts consensus on the stock at $130 (8% upside from last close), we want to take a closer look at recent news that might help push interest higher….
Pilbara Iron Ore Region Sees Drop in Economic Benefit Coming
In an unexpected turn for commodities markets, the big players in the Pilbara region of Western Australia, known for their typically bullish stance on future demand, have indicated a substantial downturn in the economic benefits generated from iron ore exports. According to a report from the Pilbara Heavy Industries Council, a staggering $25 billion is…
ASX 200 & All Ords Continue Strong Start To Week – Sector Roundup
The ASX 200 index closed on a stronger note today, matched by the All Ords, with both registering a 0.45% uplift. As the Australian equities market maintained its forward march over the past few days, it feels as though there is an improvement in investor sentiment seen across global markets. The session’s rally was aided…
Macquarie Launches $1.5 Billion Indian EV Fleet Financing Platform Vertelo
In a monumental push towards green transportation, the Australian financial giant Macquarie Group (ASX: MQG) announced the launch of an electric vehicle (EV) financing platform geared towards transforming India’s transport sector. With an emphasis on fleet electrification, Macquarie’s new venture, named Vertelo, is set to channel 95% of its substantial $1.5 billion investment into electrifying…
ASX 200 VIX Spikes Thursday – What Does A VIX Tell Us?
The popular Wall Street Fear Index known as the VIX has seen a substantial upward movement in the last few days triggering the attention of markets. The VIX has increased 15.15% over the last 5 complete trading days in the US, and the rise seems to be persistent. Whilst the level of the VIX is…
UniSuper To Make Significant Investment In Macquarie Renewables Fund (MGECO)
Hot on the heels of an announcement that Macquarie Green Energy and Climate Opportunities Fund is set to acquire a diverse portfolio of six investments spanning solar, wind, energy storage, and natural climate solutions from Macquarie Asset Management, comes a significant piece of investment news from UniSuper. The earlier announcement effectively confirmed that the agreement…
(ASX:RIO) Rio Tinto Battles Production Headwinds In Q1
Mining giant Rio Tinto (ASX:RIO) had a green day today, gaining 2.16 points, translating to a 1.68% increase. Despite a stellar last month where Rio’s shares shot up 10.49 points (8.71%), the company have reported subdued production figures for the first quarter of 2024, indicating a series of operational challenges that have impacted its output…
A Closer Look at Reliance Worldwide Corporation Shares – Is RWC A Buy?
Despite coming off the back of a 1 month drop in share price of 9.20%, Reliance Wordwide Corporation has delivered admirably for shareholders over the past 6 months. In the landscape of modern investing, the movement of stocks often serves as a barometer for the market’s perception of a company’s future prospects, but peaks and…
ASX 200 Sheds 1.81%, All Ords Drop 1.84% To Go Red On Year
The Australian stock market faced a wave of selling pressure, resulting in a broad decline with the ASX 200 index plummeting by 140 points, translating to a substantial 1.81% drop on Tuesday. The All Ords suffered a similar fate with a 1.84% drop, down 147.10 points. The last 5 days has seen a reversal in…
Are Recent Gains In Ampol Shares (ASX: ALD) Sustainable?
In last six months, Ampol Limited (ASX:ALD) has witnessed its stock price appreciate by a notable 19.85%, inviting investors to consider if its underlying financial performance is a driving factor for the upturn in market sentiment. As the last week brought a pullback in ALD shares, down 5.43%, we want to take a closer look….
