Author: Shawn Hickman
Woodside (WDS) rallies over +10% into Friday after an upgrade.
Lynas (LYC) reverses lower following rare earths agreement.
An improving backdrop is forming for IDP Education (IEL) courtesy of the Labor government.
Copper stocks lead the miners higher
DroneShield soars to new highs as Asia buys defence stocks.
Alphabets second-quarter profits topped estimates as parent company Google showed strong growth in its advertising and cloud computing divisions but investors were wary around increased spending on AI
CIA’s key asset is the Bloom Lake mining complex located in northern Quebec Canada. They acquired it in 2016 and restarted production in early 2018, currently producing around 15Mtpa of high-grade iron (+66% Fe) meaning they attract a higher price than the benchmark 62% Fe.
The outperformance by CBA over BHP has been dramatic over the last 18 months, but it’s started to snap back since late June: BHP has rallied +14% while CBA has fallen 8%, a more than 20% relative move, and we are looking for more of the same over the coming weeks/months:
Technology One (TNE) is an Australian-based company that is engaged in the development, marketing, sales, implementation, support, and distribution of financial management and enterprise software solutions.
BUB -11.27%: weaker China sales weighed on Bubs shares today, just a week after the stock rallied on the potential upside in China sales. Gross revenue in the quarter was down 28% on last year, weighed by a 66% slump in China sales, though international revenue climbed thanks to the emergency supply agreement signed with the US in the middle of 2022.
