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…
BHP Boosts Copper Operations, But Share Price Close To 52 Wk Lows
BHP shares (ASX: BHP) experienced a decline in share price amid a tough trading session, with its stocks dropping 1.26% to $41.54. This brings the stock close to the 52 week lows of $41.02, with many wondering whether the price is ready to break upwards off support, or break down further. Despite this downturn, the…
Down 15% YTD, What Is The Latest From Rio Tinto?
Rio Tinto shareholders have had a rockier start to 2024 than they would have liked. With the RIO share price (ASX: RIO) having dipped 15% YTD, the similar level of gains seen through 2023 are now looking to be in the rear-view mirror. The level of support found around the $115 level seems to want…
Fortescue Ramps Up Green Hydrogen Investment
Fortescue Metals Group (ASX:FMG) has announced its intention to bolster investment in green energy technology. Despite recent challenges that have led to a recalibration of its production targets, the mining juggernaut remains steadfast in its pursuit of zero-emissions hydrogen as a cornerstone of its sustainability agenda. The share price is now down more than 30%…
