Retail Resilience Lifts ASX 200 Despite Commodities Crunch
In a session marked by a contrasting performance across sectors, the S&P/ASX 200 managed to carve out gains, closing up 0.22% or 16.9 points despite a backdrop of languishing commodities prices that weighed heavily on resource stocks. The resilience of the Australian market was primarily underpinned by robust activity within the Consumer Discretionary sector, which…
Is Under the Rada Cobram Estates Olives (ASX: CBO) a BUY?
Cobram Estates Olives began business in 1998, listing on the ASX in 2021. The company produces 71% of the olive oil crop in Australia. Cobram Estates now has growing and milling operations in the United States. Cobram Estates grows and processes olives into five branded products using the company’s proprietary growing system – Oliv.iQ®. The…
Iron Ore Slump Tests Mettle of Mining Giants BHP, Rio Tinto, and Fortescue
Investors in three of the world’s major iron ore producers, BHP (ASX: BHP), Rio Tinto (ASX: RIO), and Fortescue Metals Group (ASX: FMG), are facing pressures as their share prices have tumbled significantly. With declines ranging from 15 to 20% from their year-to-date highs, these companies have been affected by a notable downturn in iron…
Australian Stocks Marginally Higher with Tech and Gold Leading the Charge
In the latest trade session, Australian stocks saw a modest uptick, powered by positive movements in the Gold, Information Technology, and Utilities sectors. The S&P/ASX 200, a benchmark index representative of the Australian equity market, reported an increase of 0.11% at the market’s close in Sydney, reflecting cautious optimism among investors. Specifically, standout performers for…
Pioneering Copper Exploration: GCX Metals Launches Drilling Campaign at Dante Project
GCX Metals (ASX:GCX) has embarked on an ambitious journey to unearth the copper wealth of its Dante project in the prolific West Musgrave region with the initiation of its first Reverse Circulation (RC) drilling campaign. The company has spotlighted approximately 7,000 meters of magmatic copper-gold sulphide targets, underpinning the potential magnitude of mineral resources at…
eToro Shares : Australia Regulated Trading App Considering IPO in New York or London
eToro stock may become available for investors through a much anticipated IPO, that was originally slated in the form of a SPAC before that model came under pressure. In a significant development that epitomizes the current activity increase in retail trading, eToro is reportedly contemplating a stock exchange listing that could see the company valued…
Can the ARB Corporation (ASX: ARB) Continue Climbing Higher
The ARB Corporation provides vehicle accessories for four-wheel drive and light duty vehicles. In November of 2021 the share price hit all-time highs only to slip into a prolonged slump. The share price began a sustained recovery in January of 2024. The ARB Corporation designs, manufactures, and distributes accessories for four-wheel drive and light duty…
Global Markets Broadly Down – Japan Facing Interest Rate Adjustments
Asian-Pacific stock markets broadly experienced a downturn on Monday with Japan’s shares leading the losses, as new economic data suggests the country has sidestepped a technical recession. This development has ignited speculation that the Bank of Japan may contemplate an interest rate hike, a move that investors fear could impact corporate earnings and consumer spending….
ASX200 Starts The Week Slowly, One Commodity Continues To Shine
The ASX200 opened the week with a marked downturn, following cues from a Wall Street retreat last Friday, signalling concerns for investors down under. The index declined by 1.82% as market players reacted to international economic cues and braced for potential headwinds. In contrast to the broader market, gold-centric ASX 200 listed players, such as…
Silk Logistics’ Low P/EG Is a Bargain Signal
Integrated port to door and contract logistics services provider listed on the ASX in 2015. The share price hit an all-time high in February of 2023 but has been in decline since. Silk now has a P/E and a P/EG attractive for bargain hunters. Silk was incorporated in 2013 and has become a major player…
