CSL Rated a Buy Post FY24 Results
Leading blood plasma and vaccine manufacturer CSL (ASX:CSL) has been tagged as a ‘buy’ by major brokerage firms following its financial outcomes for the fiscal year 2024 (FY24). The company, renowned for its growth trajectory, recently disclosed its revenue and earnings, alongside providing forward-looking guidance that stands to shape investor expectations. CSL reported a robust…
BHP Shares Up As Bonus Offer To Escondida Miners Reported
Shares of mining giant BHP Group Ltd (ASX: BHP) witnessed a slight upturn today, gaining 0.25% to close at $40.74 earlier threatened to break back above $41 (the intraday high). Markets are reacting today to the looming threat of a strike at the company’s significant Escondida copper mine in Chile with the firm offering a…
QBE Half-Year Profits Soar
QBE Insurance Group (ASX: QBE) has delivered a stunning financial performance in the first half of the year, doubling its profits compared to the previous year. The insurance heavyweight reported a substantial increase in earnings, rising to $US802 million from $US400 million in the previous corresponding period. This substantial growth is a clear indicator of…
Fisher and Paykel Shares (ASX: FPH) Trading Around 52 Wk Highs
Fisher & Paykel Healthcare shares (ASX: FPH), a key player on the ASX 200, has recently demonstrated a solid performance that have seen the price hitting new 52-week highs in trading. At the close, the shares stood at a commendable $29.95, just shy of the intra-day peak of $30.32. Up almost 36% on a YTD…
Zooming Out On Fortescue Metals Shares (ASX: FMG)
Looking at Fortescue’s performance on a stock chart through 2024 does not make pretty reading, but the firm remain a hugely influential name that has performed admirably over longer time horizons. The 37% dip seen in FMG shares since the start of the year seems poor at first glance, but when you zoom out and…
RBA Keeps Rate Steady Amid Inflation Concerns
In its latest monetary policy decision, the Reserve Bank of Australia (RBA) has opted to hold interest rates at 4.35%. Despite this steadiness, the RBA has adopted a hawkish tone, signalling concerns about high inflation, supply and demand imbalances, and weak domestic economic activity. Underpinning the decision to maintain the current interest rate is the…
Lynas Rare Earths Reserves Soar Despite LYC Share Price Dip
Lynas Rare Earths (ASX: LYC), a leading producer of rare earth minerals, has announced a striking 92% increase in its mineral resources. These resources, vital for advanced electronic and green energy technologies, have soared from 55.4 million tonnes to 106.6 million tonnes, with a reported Total Rare Earth Oxide (TREO) concentration of 4.12%. This significant…
ResMed Shares (ASX: RMD) Enjoy Strong Week And Earnings
The stock market has greeted ResMed Inc. (ASX: RMD) with enthusiasm as its share price rallied on Friday morning above $33, defying the general trend of market sell-offs before succumbing and settling at $31.80 to end the week up 4.7%. The medical equipment company, known for its sleep-related products, has come into the limelight following…
AUD/USD Falls Gradually Over Recent Weeks
In the world of foreign exchange, the US Dollar (USD) has been making steady gains against the Australian Dollar (AUD). Over the last month, AUD/USD, also known simply as AUDUSD, has witnessed a 2.15% dip. As of this afternoon, the currency pair stood at $0.6515, with the more pronounced fall in the pair taking place…
ANZ Finalizes Suncorp Bank Takeover
ANZ shares (ASX: ANZ) have bounced of the $28.50 support level and gained again today, climbing 0.65%, to close at $29.24 on the back of the successful acquisition of Suncorp Group Ltd’s (ASX: SUN) banking operations. YTD gains now tally 12.5% for the stock, as it trades close to 52 week highs. The acquistion which…
