Stocks
ASX 200 Coal Stocks Facing Uphill Battle Amidst Tax Hike Threats
May 24, 2024 03:53 PM AEST| By Team Kalkine MediaIn the ever-shifting landscape of financial markets, ASX 200 coal stocks find themselves navigating choppy waters yet again. Today, the S&P/ASX 200 Index is painting a somber picture for coal stocks, with giants like New Hope Corp Ltd (,ASX: NHC,) an...
Webjet Reports Positive Full-Year 2024 Results Despite EPS Miss
May 24, 2024 03:45 PM AEST| By Team Kalkine MediaWebjet (,ASX: WEB,), an Australian online travel agency, has recently released its full-year 2024 financial results, showcasing impressive growth in revenue and net income. However, despite the robust performance, earnings per share (EPS) fell short...
Wesfarmers (ASX: WES) Shares Slide on Morgan Stanley Downgrade
May 24, 2024 03:22 PM AEST| By Team Kalkine MediaShares of Wesfarmers (,ASX: WES,) took a significant hit, dropping as much as 3.63% to AU$63.90, during midday of Friday. This downturn comes in the wake of analysts at Morgan Stanley downgrading Wesfarmers from "equal weight" to "underweight.",Morga...
Analysts Raise Price Targets of Xero (ASX: XRO)
May 24, 2024 11:21 AM AEST| By Team Kalkine MediaShares of ASX-listed Xero (,ASX: XRO,) recovered some of their early losses after initially dropping by as much as 1.8% on Thursday. By the end of the day, the stock was down just 0.3%, trading at AU$134.41, mirroring a decline in the broader benchma...
Nufarm's (ASX: NUF) Stock Performance Sparks Mixed Analyst Ratings and Target Adjustments
May 24, 2024 10:49 AM AEST| By Team Kalkine MediaAnalysts at Jefferies have raised the price target for Nufarm (,ASX: NUF,) by 12% to AU$5.30, signaling optimism in the crop protection and seed technology company's future growth. This comes despite Nufarm's recent first-half underlying EBITDA repor...
Westpac Shares Drop After Goldman Sachs Issues Sell Rating
May 24, 2024 10:43 AM AEST| By Team Kalkine MediaWestpac Banking Corp (,ASX: WBC,) shares experienced a notable decline on Thursday, ending the day nearly 1% lower at AU$26.87. This drop follows a downgrade from analysts at Goldman Sachs, who have raised concerns about the current valuation of Aust...
Brambles' (ASX: BXB) Strong Fundamentals and Insider Buys Signal Growth Potential
May 24, 2024 10:37 AM AEST| By Team Kalkine MediaIn the investment world, the pursuit of the "next big thing" often leads investors to buy into "story stocks"—companies with captivating narratives but little to no revenue or profit. As Peter Lynch famously remarked in "One Up On Wall Street," "Long...
Coles Group (ASX: COL): Insider Buying and Strong Dividends Boost Long-Term Returns
May 24, 2024 10:33 AM AEST| By Team Kalkine MediaWhen we invest, our goal is generally to find stocks that outperform the market average. While active stock picking involves risks, it can also yield substantial returns. Coles Group's (,ASX: COL,) share price, for instance, has risen by 30% over the...
Bougainville Copper (ASX: BOC) Shares Drop Amid Class Action Lawsuit
May 23, 2024 05:53 PM AEST| By Team Kalkine MediaShares of Bougainville Copper Ltd (,ASX: BOC,) have experienced a significant decline on Thursday, falling as much as 4.92% to AU$0.58, reaching their lowest level since 17 April. The drop comes in response to the company's announcement that it has b...
AEF, CMW and SMP: Three ASX Shares Outperform Amidst Market Downturn
May 23, 2024 05:47 PM AEST| By Team Kalkine MediaThe S&P/ASX 200 Index is experiencing a downturn on Thursday, trading 0.46% lower at 7,811.80 points, several ASX shares are demonstrating remarkable resilience. Here’s a look at three standout performers and the reasons behind their gains:,Australia...
Australian Gold Stocks Sub-Index Plummets 3.65% Amid Profit Booking and Fed Rate Cut Uncertainty
May 23, 2024 04:25 PM AEST| By Team Kalkine MediaThe sub-index of Australian gold stocks (INDEXASX: XGD) experienced a significant decline, plummeting by as much as 3.65% in its most substantial intraday drop since 1 May. This downturn came in the wake of a notable dip in gold prices, which fell ov...
Brokers Slash Outlooks on Key Three ASX 200 Shares Amid Sector Challenges
May 23, 2024 03:55 PM AEST| By Team Kalkine MediaLeading brokers have recently downgraded their outlooks for several prominent S&P/ASX 200 Index shares. Despite being household names and operating across different sectors, these three companies have seen their medium-term prospects diminished by ex...
Origin Energy (ASX: ORG) Share Price Rises as Eraring Power Station Extends Operations
May 23, 2024 02:49 PM AEST| By Team Kalkine MediaThe Origin Energy Ltd (,ASX: ORG,) share price is on the rise today, outperforming the broader market trend. While the S&P/ASX 200 Index (ASX: XJO) is experiencing a downturn of 0.46%, the energy provider's shares closed yesterday at AU$10.16 and are...
Cromwell Property (ASX: CMW) Shares Surge as Company Unveils Plans to Offload European Fund Management Platform
May 23, 2024 02:43 PM AEST| By Team Kalkine MediaCromwell Property (,ASX: CMW,) witnessed a notable surge in its share price on 23 may 2024, jumping by 8.05% to AU$0.47 apiece following the announcement of its intention to sell its European fund management platform and co-investments. The Australia...
Xero (ASX: XRO) Soars on Strong FY24 Results, Defying Market Slump
May 23, 2024 02:38 PM AEST| By Team Kalkine MediaThe share price of Xero Ltd (,ASX: XRO,) is making significant gains this morning following the release of its full-year results for FY24. Within the first hour of trading, shares of the cloud-based accounting software company have surged by 9.46% to...
BHP (ASX: BHP) Faces Selling Pressure as Anglo American Rejects Third Takeover Offer
May 23, 2024 02:32 PM AEST| By Team Kalkine MediaThe share price of BHP Group Ltd (,ASX: BHP,) has experienced a significant decline today, with shares in the mining giant trading at AU$45.04 in afternoon trade on Thursday, down 2.58% from the previous day's closing price of AU$46.24. This downward...
Nufarm (ASX: NUF) Shares Plunge Nearly 15% Amid Disappointing First-Half Earnings
May 23, 2024 02:25 PM AEST| By Team Kalkine MediaShares of Nufarm Limited (,ASX: NUF,) plummeted by as much as 5.01% to AU$4.84 apiece on 23 May 2024, marking their steepest intraday percentage decline since 24 May1 2022. This drop also pushed the stock to its lowest level since 10 November 2023. T...
Sonic Healthcare (ASX: SHL) Shares Dip Amidst Analyst and Company Forecasts
May 22, 2024 04:22 PM AEST| By Team Kalkine MediaThe stock market can be a volatile place, as evidenced by the recent performance of Sonic Healthcare (,ASX: SHL,). Shares of the healthcare provider experienced a decline of up to 1.21%, reaching AU$24.705, further extending losses from the previous...
Insurance Australia Group (ASX: IAG) Launches Cylo: A New Frontline Against Cyber Threats
May 22, 2024 04:07 PM AEST| By Team Kalkine MediaInsurance Australia Group (ASX: IAG) Launches Cylo: A New Frontline Against Cyber Threats,The insurance landscape is evolving rapidly, driven by the escalating risks posed by cyberattacks. In response to this growing threat, Insurance Australia Group...
Three ASX stocks making strides this Wednesday
May 22, 2024 03:53 PM AEST| By Team Kalkine MediaThe Australian stock market, as represented by the S&P/ASX 200 Index, is showing signs of a modest uptick this Wednesday, with the benchmark index edging up by just 4.00 points to 7,855.70 during afternoon trading hours. Amidst this landscape, three...
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