August 2024

In today’s market, miners looking to stand out need exposure to copper, the critical commodity expected to soar in value as the energy transition wraps the globe in electrical infrastructure. BHP (ASX:BHP) is no exception. After its unsuccessful bid to acquire Anglo American’s copper assets, BHP has been keen to highlight its potential for organic […]

Since the beginning of last year, the major winners in the market have been big tech stocks. However, looking a bit further back reveals a different story, one that could re-emerge in the market’s future. Citi recently launched a new Size and Style Chartbook, aiming to provide key insights after each earnings season. While some

Perth-based Mineral Resources (ASX:MIN) has dropped its final dividend after reporting a surge in debt for the year to June and an 80% decline in earnings. The company, which was scheduled to release its 2023-24 results on Thursday, unexpectedly announced them late on Wednesday evening. Mineral Resources reported an underlying net profit after tax of

Shares in Warren Buffett’s Berkshire Hathaway became the first U.S. non-tech company to reach a $1 trillion market value on Wednesday, continuing its impressive 2024 rebound. Berkshire shares have rallied more than 28% in 2024, significantly outperforming the S&P 500’s 18% gain. U.S. analysts noted that this milestone was achieved just two days before the

Nvidia’s revenue more than doubled in the past quarter, continuing its streak of impressive growth and surpassing market expectations. The US chipmaker also authorised another $50 billion share buyback as earnings soared over the past year. Despite this positive news, Nvidia’s shares fell more than 4% in after-hours trading, following a 2% decline during regular

This year’s rally in gold prices has demonstrated that the precious metal is no longer strictly tied to the interest rate cycle. However, that doesn’t mean lower rates won’t have an impact; discussions at last week’s Jackson Hole symposium in Wyoming about potential rate cuts could give gold an additional boost. Traditionally, gold is considered

US stocks retreated overnight, pressured by a dip in Nvidia shares as investors awaited results after the bell. The Nasdaq Composite dropped 1.12 per cent, closing at 17,556.03, while the S&P 500 slipped 0.6 per cent to end at 5,592.18. The Dow Jones Industrial Average lost 159.08 points, or 0.39 per cent, settling at 41,091.42.

Shares in data centre boomer, NextDC (ASX:NXT), slipped yesterday after the company produced a mixed result that left some investors perplexed. The shares were down more than 4% near the close after the company reported a statutory loss after tax of $44.1 million, up from its $25.6 million loss from last year. However, the Brisbane-based

For such a strong (but well-guided) annual result, the 2.9% rise for Flight Centre Group (ASX:FLT) shares on Wednesday seemed appropriate. The travel giant easily met consensus forecasts and rewarded shareholders with a more than doubling of dividends to 40 cents per share. This followed a tripling of the company’s reported profit before tax (PBT)

Tabcorp (ASX:TAH) shares plummeted over 20% on Wednesday after the company announced a significant non-cash impairment charge of $1.37 billion for its wagering business. This write-down, which is more than double the size of a similar impairment in February, reflects the challenges facing the gambling industry in Australia. The company attributed the increased impairment to