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Month: July 2019

Stock Fortescue (FMG) $8.23 as at 25/07/2019 Event Shares in Fortescue have struggled today against the backdrop of an iron ore equity sell off and a slightly soft quarterly. Despite the 5% drop today, shares in FMG have more than doubled this year, even before the inclusion of 90c worth of fully franked dividends. The […]

  • Posted in ASX:FMG
  • Comments Off on A stiff reaction to Fortescue’s (FMG) production report

Stock Newcrest (NCM) $33.95 as at 25/07/2019 Event Quarterlies seem to be the main stock specific news of the week and Newcrest kept the theme going today with their June quarter production report today. The gold miner is trading slightly lower, but is well outperforming its peers with Evolution (EVN) and Northern Star (NST) both […]

  • Posted in ASX:NCM
  • Comments Off on Newcrest (NCM) shares dip, but the quarterly is a positive

**This is an extract from the Market Matters Weekend Report from 21 July. Click here to get access to the full report and more In our opinion today’s market is all about interest rates, if they stay where they are we believe stocks are cheap, let alone if they actually fall further as many predict. […]

  • Posted in Technical Views
  • Comments Off on How does our interest rate view impact our market outlook?

Stock Iluka (ILU) $10.25 as at 24/07/2019 Event Mineral sands play Iluka has slumped today despite the broader market rallying into new 10 year highs. The company released their 2nd quarter production report pre-market which has investors worried about a soft half year report. Production across the bulk of the commodities came in well below […]

  • Posted in ASX:ILU
  • Comments Off on Iluka (ILU) production crashes
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