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Stocks
Nanocap Pearl Gull (ASX: PEG) Abandons Chilean REE Project Buyout Due to Low Commodity Prices
August 12, 2024 10:25 AM AEST| By Team Kalkine MediaHighlights:,Termination of Acquisition:,Nanocap Pearl Gull Iron (ASX: PLG) has canceled its planned acquisition of the Huemul Rare Earth Elements (REE) project in Chile, citing low rare earth prices as the reason for the decision.,Market Conditions I...
Why This Investor Is Making a Big Bet on Macquarie Group (ASX: MQG)
August 12, 2024 10:17 AM AEST| By Team Kalkine MediaHighlights:,K2 Asset Management's Focus:,George Boubouras from K2 Asset Management is optimistic about mid-cap stocks in healthcare, transport, and consumer sectors, expecting them to benefit from potential rate cuts. He is also bullish on,Macquarie...
Oil Prices Hold Steady After Weekly Gains as Traders Await Potential Iran Response
August 12, 2024 10:12 AM AEST| By Team Kalkine MediaHeadlines:,Oil Prices Stable:,Brent crude is trading below $80 per barrel and West Texas Intermediate (WTI) around $77 per barrel, holding steady after their first weekly gain since early July.,Geopolitical Tensions:,The market is closely watching Ir...
JB Hi-Fi (ASX: JBH) Hints at Special Dividend; Aurizon (ASX: AZJ) Unveils $150 Million Buyback
August 12, 2024 10:10 AM AEST| By Team Kalkine MediaHeadlines:,The Australian sharemarket is expected to open higher on Monday, with the S&P/ASX 200 futures indicating a 0.8% gain, following a strong performance on Wall Street.,Major ASX companies like,JB Hi-Fi (ASX: JBH),,,Aurizon (ASX: AZJ),, and,CA...
Topdrill’s Innovative Shares-for-Services Model Fuels Growth and Supports Mining Explorers
August 09, 2024 04:47 PM AEST| By Team Kalkine MediaTopdrill, a Kalgoorlie-based drilling contractor, has experienced significant growth since its inception in 2014. The company has expanded from a team of 55 employees to a workforce of 420, largely due to its unique approach of accepting shares in pe...
ASX Health Stocks: Neuren’s Angelman Drug Positive, Share Price Falls
August 09, 2024 04:45 PM AEST| By Team Kalkine MediaNeuren Pharmaceuticals Ltd,(ASX: NEU),has shared promising results from its Phase 2 clinical trial of NNZ-2591, a drug designed to treat Angelman syndrome, a rare genetic disorder affecting the nervous system. The trial, which involved children aged...
Woolworths Group Ltd (ASX: WOW) and Washington H. Soul Pattinson Ltd (ASX: SOL) Performance Update
August 09, 2024 02:45 PM AEST| By Team Kalkine MediaIn the Australian stock market, Woolworths Group Ltd and Washington H. Soul Pattinson Ltd are drawing investor attention. While Woolworths has seen a 9.4% drop in share price this year, reflecting some market challenges, Washington H. Soul Pattinson...
Mining Stocks Surge as Iron Ore Prices Rebound
August 09, 2024 02:24 PM AEST| By Team Kalkine MediaShares in major mining companies experienced a notable increase on Friday, following a global risk-on sentiment and a rebound in iron ore prices. The positive shift was largely driven by reassuring U.S. economic data, which alleviated fears of an imm...
Nick Scali (ASX:NCK) Share Price Reacts to 20% Drop in FY24 Earnings
August 09, 2024 01:41 PM AEST| By Team Kalkine MediaNick Scali Limited,(ASX: NCK),, the well-known furniture retailer with brands including Nick Scali, Plush, and recently acquired Fabb Furniture in the UK, has captured significant market attention following its FY24 financial results announcement.,FY...
QBE Insurance Shares Drop to Six-Month Low Amidst Robust Profit Performance
August 09, 2024 01:21 PM AEST| By Team Kalkine MediaShares of QBE Insurance Group Ltd,(ASX: QBE),have reached their lowest point since late January, even as the company reported a substantial increase in after-tax profits for the first half of the fiscal year. The insurance group’s stock fell by 3.5%...
QBE Insurance (ASX:QBE) Shares Dip Despite Strong Profit Surge
August 09, 2024 11:58 AM AEST| By Team Kalkine MediaShares of QBE Insurance Group Ltd (ASX: QBE) experienced a sharp decline on Friday, falling nearly 5% to AU$15.58 in morning trade. This drop comes in the wake of the insurance giant's recent half-year financial results, which, despite showcasing sig...
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REA Group (ASX:REA) Shares Surge on Strong Profit Report
August 09, 2024 11:56 AM AEST| By Team Kalkine MediaShares of Australia's leading online property classifieds operator, REA Group (ASX: REA), experienced a notable increase of up to 4.7% during trading on August 9, climbing to AU$198.48. This spike marks the most significant intraday percentage gain s...
WES and ResMed CDI: Analyzing Key ASX Stock Performances
August 09, 2024 11:37 AM AEST| By Team Kalkine MediaThe Wesfarmers Ltd share price has surged by 24.2% since the beginning of 2024, reflecting strong performance in the market. Conversely, ResMed CDI is currently trading around 4% above its 52-week lows, highlighting a period of relative stability.,We...
Life360 Increases Revenue Forecast and Reaches 70 Million Users
August 09, 2024 11:07 AM AEST| By Team Kalkine MediaLife360,(ASX: 360),, the popular family tracking app, has recently updated its revenue projections for the year, buoyed by robust user growth and ambitious plans for its global advertising expansion.,Revenue Guidance Upgraded,The Silicon Valley-based...
Explore Washington H. Soul Pattinson & Company Ltd (ASX: SOL) for Blue Chip Investment Opportunities
August 09, 2024 10:52 AM AEST| By Team Kalkine MediaWashington H. Soul Pattinson & Company Ltd, a prominent,ASX blue chip stock,, has seen a notable increase in its share price, rising by 4.6% since the start of 2024. In contrast, BHP Group Ltd is trading 21% below its 52-week high. This article provi...
Commonwealth Bank Forecasts Household Savings Will Run Out by End of 2024
August 09, 2024 10:40 AM AEST| By Team Kalkine MediaCommonwealth Bank of Australia,(ASX: CBA),has forecasted that the additional savings Australian households accumulated during the pandemic are likely to be exhausted by the end of 2024. This projection reflects concerns over the ongoing economic cond...
Rumble Resources Ltd (ASX: RTR) Unveils High-Grade Tungsten Discovery
August 08, 2024 06:15 PM AEST| By Team Kalkine MediaRumble Resources Ltd,(ASX: RTR),has announced an exciting development at its Western Queen project, adding momentum to the project's growth potential near Mt Magnet in Western Australia. This discovery comes just two weeks after Rumble reported a new...
Qantas (ASX: QAN) Share Price Moves After Alan Joyce's Pay Reduction
August 08, 2024 04:08 PM AEST| By Team Kalkine MediaThe share price of Qantas Airways Ltd,(ASX: QAN),is currently under the spotlight following the airline’s recent announcement regarding a substantial reduction in the remuneration of former CEO Alan Joyce. This move comes amid a challenging period fo...
Webjet (ASX:WEB) Shares Drop Amid Demerger Concerns
August 08, 2024 03:55 PM AEST| By Team Kalkine MediaIt’s been a challenging day for Webjet Ltd (ASX:WEB) as the company’s shares experience a sharp decline, in contrast to the broader S&P/ASX 200 Index, which is down 0.26% at the time of writing. After closing at AU$8.48 per share yesterday, Webjet’s...
Mirvac (ASX:MGR) Group Faces Investor Sell-Off After FY 2024 Results
August 08, 2024 03:33 PM AEST| By Team Kalkine MediaMirvac Group (ASX:MGR), a key player in the S&P/ASX 200 Index, is grappling with a significant drop in its share price following the release of its full-year results for FY 2024. After closing at AU$2.11 yesterday, Mirvac's share price plummeted to A...
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