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US Economy Charter and Dow Jones: Economy shrivels while stocks are under spotlight
August 01, 2020 01:37 AM AEST| By Team Kalkine MediaSummary On 30 July, both Dow Jones and S&P 500 indices fell 0.85% and 0.38%, respectively, prompted by worst fall of 32.9% in the US GDP numbers in Q2 period, highlighted by Bureau of Economic Analysis. Sharp plunge in consumer spending was.....
Stocks Under Discussion: Super Retail, Prospa, iSignthis
August 01, 2020 12:48 AM AEST| By Kunal SawhneySummary Super Retail Group witnessed growth of 4.2% in total sales in the 52 weeks to 27 June 2020 with successive increase in sales in June from April and May. Australian business loan provider, Prospa Group, considering economic impacts of t.....
August 2020 Earnings Season Set to Rock the Investors’ Watchlist: What lies Ahead for the Travel Sector?
August 01, 2020 12:08 AM AEST| By Team Kalkine MediaWhile the US Q2 2020 earnings season failed to cheer investors so far amid mixed impact of the COVID-19 pandemic on companies’ profits, all eyes are now glued to Australia’s August 2020 earnings season that is expected to unfold as a ma.....
Market Update: S&P/ASX200 Ended in Red; SUL Rose by 9.494%
July 31, 2020 11:00 PM AEST| By Team Kalkine MediaAt the close of the trading session on 31st July 2020, equity market of Australia ended in red. The benchmark index S&P/ASX200 witnessed a decline of 123.3 points to 5927.8. The index has lost 1.60% during the last five days. S&P/ASX 200 Cons...
China and Taiwan- The Emerging Catalyst In the Global LNG Demand Growth Curve
July 31, 2020 09:12 PM AEST| By Team Kalkine MediaSummary The global LNG trades are moving at rabbit’s pace, with total trades reaching 348 million tonnes in 2019, leading to a supply rush, which is now dependable on China and Taiwan imports and energy policies. Both China and Taiwan are.....
Apple Announces 4 for 1 Stock Split, Posts Record Quarter Despite Pandemic Disruptions
July 31, 2020 09:02 PM AEST| By Team Kalkine MediaSummary Apple has once again delivered a beat on street estimates, and this time by quite a surprise with 18% earnings growth. iPhone revenues also increased marginally, while other products and services helped it to deliver record June quarter......
Stocks to Watch Next Week: IAG, REA, NWS, CRN, RMD
July 31, 2020 08:11 PM AEST| By Team Kalkine MediaSummary Insurance Australia Group to release detailed results for FY2020 on 7 August 2020, expects gross written premium growth of ~1.1% REA Group to announce its FY20 results on 7 August 2020; for nine months ended 31 March 2020 REA reported r.....
Fortescue Metals Surpasses All Expectations, Stock Hits Another Record High
July 31, 2020 07:05 PM AEST| By Team Kalkine MediaSummary Much-awaited Q4 results of Fortescue Metals Group finally marked the presence on 30 July 2020, bringing smiles on the face of stakeholders, expecting a record revenue for FY2020. FMG surpassed all expectations in terms of, shipment, rea.....
Musgrave Minerals Records Remarkable June Quarter, Stock Zooms Up 4%
July 31, 2020 06:57 PM AEST| By Team Kalkine MediaJune Quarter of 2020 peppered with global impacts of the pandemic is nevertheless beating the drums for outstanding exploration activities of Musgrave Minerals Limited (ASX: MGV). In a significant update, Musgrave announced its June Quar.....
Cobalt Blue Receives Strong Support for $3.75Mn Placement, SPP Announced
July 31, 2020 05:18 PM AEST| By Team Kalkine MediaAustralian exploration and development company, Cobalt Blue Holdings Limited (ASX:COB) has announced to have received commitments for a placement raising $3,751,101 before costs from existing and new institutional and professional investors. Moreov.....
Some stocks that have helped investors cash-in the bets: PointsBet, Sezzle
July 31, 2020 03:57 PM AEST| By Team Kalkine MediaSummary The uncertain trajectory of shares during the unprecedented COVID-19 induced economy has given many investors to cash-in the bets. Pointsbet, an online bookmaker, experienced a price rally of 104.15% in a year with its Australian busine.....
Zoom Your Lens Over VRX Silica’s Impressive June Quarter Results
July 31, 2020 03:42 PM AEST| By Team Kalkine MediaSummary VRX Silica continued developments at its advanced silica sand projects during June 2020 quarter. The Company completed negotiations regarding the proposed mining project agreement for Arrowsmith Projects and finalised the formal process.....
How are Tenant bankruptcies and vacancies playing a role: Look at Unibail-Rodamco-Westfield
July 31, 2020 03:02 PM AEST| By Team Kalkine MediaSummary The impact of new social distancing norms and associated paradigm shift in consumer behaviour on retail economics deserve closer attention. Despite the pandemic impact, Unibail-Rodamco-Westfield reported some emerging green shoots acros.....
Champion Iron and IGO Limited Publish Quarterly Results, What Moved the Needle this Quarter?
July 31, 2020 02:48 PM AEST| By Team Kalkine MediaThe June 2020 quarter has been a quarter of recovery of the domestic market with a ~ 40 per cent recovery in the S&P/ASX 200, leading to a sentiment boost in many listed stocks. The June 2020 earnings season along with the diminishing market v.....
Home Loans and 3 Untouched Aspects
July 31, 2020 01:44 PM AEST| By Team Kalkine MediaSummary The competition is rising in the Australian market to offer a low-interest rate to the borrowers. The lenders in the market are giving less than 2 per cent variable interest rates on new mortgages, while the smart borrowers are getting o.....
Nyrada Received $1M R&D Tax Rebate, Funded to Sustain Operations Through 2021
July 31, 2020 11:24 AM AEST| By Team Kalkine MediaSummary Nyrada’s strong cash position is further bolstered by the latest tax incentive worth $1 million received from the Australian Federal Government’s R&D tax incentive program. Based on current forecasts, Nyrada has ad.....
Market Update: S&P/ASX200 Ended in Green; MSB Soared by 4.932%
July 30, 2020 09:31 PM AEST| By Team Kalkine MediaThe equity market of Australia ended in green, and the benchmark index S&P/ASX200 moved up by 44.7 points to 6051.1. Most of the sectors on ASX closed in green such as S&P/ASX 200 Consumer Staples (Sector), which went up by 190.3 points to 13...
Two Stocks That Were Up Following Major Announcements - Mesoblast and Dimerix
July 30, 2020 08:25 PM AEST| By Team Kalkine MediaSummary Mesoblast disclosed that the Phase 3 clinical trial of Remestemcel-L is anticipated to complete recruitment in September 2020 in the US. At the end of the quarter ended June 2020, Mesoblast had nearly US$129.3 million cash on hand. Dim.....
Greenland Minerals Reports Impressive Q220 Results, Stock Rallies Over 14%
July 30, 2020 07:34 PM AEST| By Team Kalkine MediaGreenland Minerals Limited (ASX:GGG) has been undertaking high-quality work in the development of Kvanefjeld RE project that possibly has far-reaching strategic and commercial significance for Greenland and beyond. Newly appointed Executive General.....
Australia enters deflation after CPI suffers biggest quarterly slump
July 30, 2020 05:25 PM AEST| By Team Kalkine MediaSummary The recent ABS data revealed that CPI fell to record 1.9% in June 2020, demonstrating the biggest quarterly plunge in last 72 years. Childcare subsidy, lower school fees, and lower fuel prices prompted the wider fall in CPI. Residentia.....
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