LA Private

July 2024

Fed policy, tech stocks and small caps: A discussion with Jeffrey Schulze

Jeffrey Schulze, Managing Director of ClearBridge Investments, shares insights on the US markets, discussing interest rates, catalysts for the rotation out of tech and the Magnificent Seven and the durability of the move into small caps. Paul Sanger: Hello. I’m Paul Sanger with the Finance News Network, and today I’m joined by Jeffrey Schulze from […]

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Stocks of the Hour: African Gold, Regener8 Resources, Bastion Minerals

To register for Friday’s webinar click here. African Gold (ASX:A1G) has announced a shallow, high grade, maiden gold resource at the Didievi Project in the Ivory Coast. The 2,000m diamond drilling program will commence in August 2024. Shares are trading 50 per cent higher at 3.6 cents. Regener8 Resources (ASX:R8R) has entered into an agreement

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ASX down 0.8% near noon following a fall in mining stocks

At 11:35am, the S&P/ASX 200 is 0.83 per cent lower at 7,923.10. The Australian share market experienced a sharp downturn, primarily driven by a significant sell-off in the mining sector. Mining giants, including BHP and Fortescue Metals, suffered substantial losses, with the latter plunging by 8.6% following a massive block trade. This decline was compounded

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AFIC eyes global growth amid strong domestic performance

Australian Foundation Investment Co (AFIC), the country’s largest listed investment company, has reported solid financial results for the 2023-24 financial year, while also revealing ambitious plans for international expansion. The Melbourne-based firm posted a net profit of $296.4 million for the year ended June 30, a modest 4% decline from the previous year. This was

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Vale posts strong Q2

On the face of it, Brazilian iron ore miner Vale saw its second-quarter net profit soar to US$2.77 billion in the three months to June as it boosted production and sales and took advantage of firmer iron ore and copper prices. Net earnings were triple those recorded in the June quarter of 2023 and US$1

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Tech titans stumble

Four of the so-called Magnificent Seven technology stocks that have driven the US market rally for the past nine months ended the week in correction territory, having fallen by more than 10 percent from recent peaks. Two others — Microsoft and Amazon — are nearing the double-digit declines that define a correction. Investors are now

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