Gold prices hit new highs : what’s coming next?
Gold’s spot price (XAU/USD) wrapped up another bullish week, adding $100, rising by +4.65% and reaching new all-time highs at $2,330 per ounce. This surge has been driven in part by anticipation of reduced interest rates within the year, ongoing geopolitical conflicts, and some speculative purchases. The upward trajectory of gold is unmistakable, especially after…
Aussie Shares Dip To End The Week Red, US Markets Shining
Australian shares took a hit on Friday, dragged lower by an undercurrent of anxiety that saw tech stocks bear the brunt of a market sell-off. The ASX200 slipped by 0.59%, both for the day and on the week, as investors grappled with the ripple effects of hawkish remarks from Federal Reserve officials echoing through global…
Megaport Shares (ASX:MP1) Up 231% in 12 months and still not ATH?
Megaport Limited shares (ASX:MP1) ended up 3.19% today, with a YTD performance in the green by a staggering 51.58%. MP1 shares were down at $8.51 in January, and now sit proudly up at $13.93. In the dynamic world of stock market investments, the thrill of soaring prices can be swiftly countered by the nerve-racking experience…
ASX All Ords & 200 Push Green On The Day, Winners & Losers
The ASX 200 concluded the trading session on a strong note today, with the benchmark index closing at 7,817.3 points, marking a gain of 0.45%. The All Ords (XAO) repeated the trick, adding 0.48% on what was a good day for markets. This uptick signals a positive investor sentiment, indicating a moderately bullish trend in…
Rio Tinto Shares (ASX: RIO) down 10.81% YTD. Why are analysts bullish?
Rio Tinto shares (ASX:RIO) ended down 1.02% today on an otherwise green day for markets. Despite being firmly in the red over the last month, down 10.81%, RIO remains a stock that is endorsed by many analysts, and holds on to a firm ‘Buy’ rating. This has signalled outsider confidence in the company, despite its…
IAG shares drop 1.09% today – Share Buyback Notification
Insurance Australia Group shares (ASX: IAG) ended today 1.09% in the red, coming off 52 week highs in yesterdays trading session. With a YTD performance on the share price up 14.95%, against the ASX 200 +2.48%, IAG is outperforming the index but how much shareholder value is being created by the share buy-back program? IAG…
ARB Corporation Shares (ASX:ARB) On An Impressive Rally, When To Apply The Brakes?
ARB Corporation shares (ASX:ARB) were down 1.74% today at market close, but it’s YTD remains rather more impressive, sitting at 11.71%. With a 52 week high of $41.83 and price at close today of $40.17, this one is trading close to the top end of its’ previous range. Looking over a slightly longer timeframe, ARB…
Cann Group Change Of CEO – Still Delisted
Cann Group Limited (ASX:CAN) who were delisted earlier this year, and suspended from trading announced a significant shift in its executive team as CEO Peter Koetsier resigned recently, citing personal “family reasons” for his departure. The Melbourne-based cannabis company is positioning itself for a new strategic direction amidst a consolidation of its operations and financial…
All Ords Shed 1.38% On A Red Day : Latest From Markets
CBA shares closed down 1.88% today on a tough day for Aussie bank stocks and the markets generally. The ASX200 dropped 1.34% whilst the All Ords shed 1.38% as some of the spill over from the broader market pullback seen yesterday in international markets touched down at home. In the U.S. financial markets this Tuesday,…
Westpac shares (ASX: WBC) down 1.07% today – analysts differ from sentiment
Westpac shares (ASX: WBC) ended the day firmly in the red, 1.07% down as the Aussie bank stocks and the markets generally pulled back to start Q2. Taking a closer look at Westpac reveals some interesting numbers and forecasts. Riding the wave of a 11.92% increase since the start of the year, Westpac Banking Corp…
