Podcasts about liontown resources

Wall St had a negative end to the week last week as investors awaited clarity on US-China trade talks and the Fed held the US cash rate steady amid outlook for tariff implications sparking an inflationary rebound in the world's largest economy. The Dow Jones fell 0.3%, the S&P500 lost 0.07% and the tech-heavy Nasdaq ended the day flat.This morning, Trump has declared great progress after high-level trade talks began with China over the weekend, with the US president claiming the meeting as a ‘total reset' in the trade war which positions the markets for a strong start to the new trading week.In Europe on Friday, markets closed higher as investors hold high hopes of a positive outcome from the US and China's trade negotiations. The STOXX 600 rose 0.44%, Germany's DAX closed at a record high up 0.63%, the French CAC rose 0.64% and, in the UK, the FTSE 100 ended the day up 0.3%.Across the Asia region on Friday, markets closed mixed as investors digested the latest economic data out of China and awaited key trade talks between the US and China over the weekend. Japan's Nikkei rose 1.56% on Friday, China's CSI index fell 0.17%, Hong Kong's Hang Seng climbed 0.4% and South Korea's Kospi index ended the day up 0.09%.Locally to end the week, the ASX 200 ended the week with a positive session on Friday as the key index rose 0.48% boosted by a strong tech and financial rally, but for the week the ASX 200 posted a slight decline of 0.08%. Healthcare stocks took the biggest hit over the last 5-trading days as investors fled the sector over concerns of Trump's pharmaceuticals tariffs set to be rolled out over the coming weeks.Liontown Resources soared 195 on Friday after the lithium producer released 2-key trading updates this week that were well received by investors, despite the spot price of lithium carbonate sinking to a four-year low this week.And Chrysos Corporation soared almost 18% on Friday after signing an agreement with gold production giant Newmont Corporation that will see Chrysos' PhotonAssay technology used for Newmont's gold mining projects.What to watch today:On the commodities front this morning, oil is trading 0.67% higher at US$61.43/barrel, gold is down 1.3% at US$3282/ounce and iron ore is up 0.33% at US$98.55/tonne.The Aussie dollar has strengthened against the greenback to buy 64.29 US cents, 93.79 Japanese Yen, 48.57 British Pence and 1 New Zealand dollar and 9 cents.Ahead of the first trading session of the new week, the SPI futures are anticipating the ASX will open the day up 0.19% amid positive sentiment from progress on the global trade war front.Trading Ideas:Bell Potter has increased the rating on Catalyst Metals from a hold to a buy and have raised the 12-month price target on the gold producer following the acquisition of the Old Highway gold project for $32.5m cash from Sandfire Resources. With 2.1 million tonnes at 3g/t containing 206koz gold, and a higher-grade underground component, the project adds significant upside to Catalysts' portfolio and value.Trading Central has identified a bullish signal on Super Retail Group following the formation of a pattern over a period of 45-days which is roughly the same amount of time the share price may rise from the close of $14.14 to the range of $15.10 to $15.40 according to standard principles of technical analysis.

The ASX200 posted a gain of 0.82% (Monday – Thursday) this week, led by strength for tech, financials, and industrial stocks. Our local market also took strong lead from Wall Street's Trump rally that saw the S&P500 hit a fresh record.In this week's wrap, Grady covers:(0:10): tariff announcements in Trump's first days back in office(2:19): why financials & gold stocks rallied this week(3:57): the best & worst performing stocks on the ASX200(4:59): the most traded stocks & ETFs by Bell Direct clients(5:29): economic news items to watch out for.

Wall St closed higher on Friday to post the firstly weekly gain across the three major averages for the year as the big tech rally resumed momentum. The Dow Jones rose 0.78% on Friday and 3.7% for the week, the S&P500 added 1% on Friday and 2.9% for the week, and the Nasdaq ended Friday's session up 1.51% and added 2.5% for the week. In Europe on Friday the positive investor sentiment extended into the European region buoyed by a strong rally for mining stocks. The STOXX 600 rose 0.68%, Germany's DAX added 1.35%, the French CAC gained 0.98%, and, in the UK, the FTSE100 ended the day up 1.35%. Across the Asia markets on Friday it was a mixed session as strong economic data in China boosted investor sentiment in the region. China's CSI index rose 0.31% on Friday after fresh GDP data showed the Chinese economy expanded by 5% YoY and retail sales rose 3.7% which beat expectations. Hong Kong's Hang Seng rose 0.21% on Friday and Japan's Nikkei fell 0.31% at the closing bell. Locally on Friday, the ASX200 took lead from Wall Street's losses overnight to post a 0.2% loss on Friday as the financials weighed on the key index. The pullback followed the ASX200 rising 1.4% on Thursday so for the week the key index still managed a gain of 0.2% last week.On an economic data front on Friday, we had the highly anticipated retail sales, industrial production, and GDP readings out of China. The Chinese economy expanded 5.4% in Q4 which was above the 5% forecast and above the 4.6% recorded in Q3 which is a welcome sign of material recovery in the region post pandemic. Retail sales further supported the recovery story with a rise of 3.7% in December which beat the 3.2% economists were expecting and is a sharp rise from the 3% reported in November. And Industrial production in the region also rose 6.2% in December on an annual basis which also exceeded expectations and was a sharp rise from the 5.4% reported in November. Overall, the economic growth in China is finally starting to show signs of material turnaround and this boosted the iron ore price and stocks with exposure to the region on Friday.The winning stocks on the ASX200 on Friday were led by Megaport rallying 10.10%, Liontown Resources rising 9.5% and Lovisa adding 7.73%. And on the losing end REA Group fell 2.71%, TPG Telecom lost 2.4% and JB Hi-Fi ended the day down 2.15%.Insignia Financial is the talk of the M&A world right now as Bain Capital and CC Capital fight to acquire the nearly 200-year-old Aussie wealth management company. Shares in Insignia rose 6% on Friday after CC Capital increased its takeover offer to a value over $3bn or $4.60/share, above the $4.30/share Bain matched earlier this week. How this one plays out will be very interesting but it's no wonder why CC and Bain want to acquire Insignia as the purchase will give the acquirer a market leadership position in Australia's over $4tn superannuation market. And Telix Pharmaceuticals rose 4% on Friday after the cancer imaging and therapy pharmaceuticals company received approval from Europe's Marketing Authorisation Application for its prostate cancer imaging agent Illucix which already has FDA and TGA approval. This further expansion into Europe broadens the company's revenue runway for its leading agent Illucix.What to watch today:Ahead of the first trading session of the new trading week the SPI futures are anticipating the ASX will open the new day up 0.34%.On the commodities front this Monday morning, oil is trading 1.02% lower at US$77.88/barrel, gold is down 0.5% 2700.99/ounce and iron ore is up 0.72% at US$101.21/tonne.The Aussie dollar is buying US$0.61, 96.85 Japanese Yen, 50.88 British Pence and NZ$1.11.Trading Ideas:Bell Potter has reduced the 12-month price target on Lynas Rare Earths (ASX:LYC) from $7.70 to $7.20 and maintain a hold rating on the rare earths producer following the release of a 2nd quar

In this mammoth two-and-a-half-hour marathon episode #746, we covered an extensive range of topics, from Trump's 2024 election victory and its implications, to detailed analysis of multiple companies and market sectors. Elon Musk's new role as Minister for Government Efficiency (DOGE), portfolio performance updates showing significant outperformance of benchmarks, and several mining company developments including Resolute Mining's Mali crisis, Liontown Resources' lithium struggles, the delisting of Namoi Cotton and the challenges of tracking corporate actions in Light portfolios, and iron ore market challenges. Cam does a pulled pork on US shipping company TeeKay Corporation's history and operations, and Tony does a pulled pork on Qantas Airways' business model and fleet concerns. The After Hours section also included discussions about horseracing updates, entertainment recommendations including David Tennant shows, and concluded with an extensive debate about Trump's potential impact on democracy and different perspectives on fascism in America.

Lightning Minerals Ltd (ASX:L1M) managing director Alex Biggs joins Proactive's Tylah Tully to discuss the appointment of Jamie Day, an experienced geologist and lithium industry leader, as a non-executive director of the company. Day is recognised for his involvement in major lithium discoveries, notably at Liontown Resources' Kathleen Valley Project, with an estimated resource of 156 million tonnes at 1.4% Li₂O, and at the Buldania Project. His career includes significant achievements in nickel and gold discovery with companies such as Independence Group (now IGO) and Mincor Resources. Day's appointment aligns with Lightning Minerals' strategic focus on advancing its lithium exploration ventures in Brazil, Australia and Canada. As part of this transition, Francesco Cannavo will retire from the board, coinciding with the company's Annual General Meeting on November 28, 2024. Managing director Alex Biggs welcomed Day, highlighting his proven track record in lithium discovery and stating that his expertise will support the company's growth as it intensifies its exploration activities, especially in Minas Gerais, Brazil. #ProactiveInvestors #LightningMinerals #ASX #LithiumExploration #BatteryMetals #JamieDay #LithiumIndustry #ASX #MineralDiscovery #MiningAustralia #MiningCanada #BrazilMining #KathleenValley #BuldaniaProject #MineralResources #ExplorationCampaign #BatteryTechnology #MiningExpert #SustainableMining #ResourceDevelopment #MiningIndustry #BoardAppointment

Mila Resources Executive Chairman Mark Stephenson joined Steve Darling from Proactive to announce that the company has signed a new exploration and option agreement over three promising gold projects in Queensland, Australia. The agreement with EMX Royalty will see Mila pay an upfront fee of A$25,000 and issue warrants, along with a commitment to conduct A$450,000 in exploration work within the first year. This new portfolio, which includes the Yarrol, Mt Steadman, and Mt Weary projects, is expected to bolster Mila's existing gold assets, particularly complementing its primary Kathleen Valley project in Western Australia. According to Stephenson, initial ground exploration efforts will kick off in the coming weeks at Yarrol, the most developed project in the portfolio, with plans to conduct geophysical surveys at both Mt Steadman and Mt Weary in early 2025. While these new projects are an exciting addition, Stephenson emphasized that Kathleen Valley remains the company's priority. The project is focused on both gold and lithium resources, thanks to Mila's joint venture with Liontown Resources. Liontown, which commenced spodumene production at Kathleen Valley in July 2024, is actively engaging local stakeholders as part of further exploration and development plans. This expanded Queensland portfolio reinforces Mila's commitment to accelerating its exploration capabilities across multiple strategic assets in Australia. #proactiveinvestors #milaresourcesplc #lse #mila #mining #MiningExploration #WesternAustralia #MarkStephenson #Liontown #LithiumMining #GoldExploration #ResourceInvestment #MiningNews #ProactiveInvestors#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Wall Street fell on Monday amid rising oil prices and escalating tensions in the Middle East. The Dow Jones fell 0.94%, the S&P500 fell 0.96% and the Nasdaq ended the day down 1.18%. The benchmark 10-year treasury yield rose 3 basis points to 4.01%, marking the first time that the yield has topped 4% since August.US stocks failed to extend their rally from Friday following the release of a stronger-than-expected jobs report out in the region boosting confidence of a soft landing through economic stability while inflation eases and the Fed continues its rate cut plans.Across European markets overnight, markets closed mostly higher in the region ahead of key economic data out throughout this week. The STOXX 600 rose 0.17%, Germany's DAX fell 0.09%, the French CAC added almost half a percent and, in the UK, the FTSE100 ended the day up 0.28%.Across the Asia region on Monday, markets closed higher ahead of three key rate decisions out of central banks in the region this week. Japan's Nikkei led the gains with a near 2% rise while Hong Kong's Hang Seng rose 1.6%, South Korea's Kospi Index rose 1.58% and China's CSI index remained closed for the Golden Week holiday. The local market started the new trading week with a light trading session amid the Labour Day holiday in NSW, but shares still managed to end the day 0.7% higher, just 7 points shy of the latest record close set in September.Investors fought to buy Arcadium Lithium shares yesterday sending the lithium miner's share price soaring 46% after Rio Tinto confirmed it was in takeover talks with Arcadium. Rio Tinto shares fell 2.5% on Monday.The Arcadium rally boosted fellow lithium miners like Liontown Resources which rose 18%, Sayona Mining which climbed 13% and Core Lithium which added 8.7% as investors see the big mining giant's interest in lithium as a recovery outlook for the leading green commodity.The recent rebound in the price of iron ore spilled into this week which boosted the big iron ore giants again on Monday with BHP and Fortescue adding 0.6% and 3% respectively at the end of Monday's session. Speculations are circulating that further economic stimulus will be revealed out of China this week as the region puts in place material efforts and stimulus to reignite economic growth and expansion.What to watch today:Ahead of Tuesday's trading session locally, the SPI futures are anticipating the ASX to open the day down 0.05% tracking Wall Street's losses overnight.On the commodities front this morning, oil has jumped 3.42% overnight to trade at US$76.92/barrel on escalating tensions and supply concerns out of the Middle East, gold is down 0.2% at US$2648/ounce, and iron ore is up 0.5% at US$108.84/tonne.The Aussie dollar has weakened against the greenback overnight to buy US$0.67 cents, 100.10 Japanese Yen, 51.86 British Pence and NZ$1.10.Trading Ideas:Bell Potter has increased the 12-month price target on Light & Wonder (ASX:LNW) and maintain a buy rating on the leading global cross-platform games company after the analyst assessed the situation around the Dragon Train (DT) preliminary injunction whereby the US District Court for Nevada granted Aristocrat Leisure a preliminary injunction to Light & Wonder's successful Dragon Train game preventing further installs of DT and sales globally. The upgrade in the price target by Bell Potter's analyst is due to the company's overall leading scale and cross-platform strategy producing a portfolio of high-performing games in both land and digital markets.And Trading Central has identified a bullish signal on Pepper Money (ASX:PPM) following the formation of a pattern over a period of 31-days which is roughly the same amount of time the share price may rise from the close of $1.40 to the range of $1.49 - $1.51 according to standard principles of technical analysis.

Wall St opened the week with gains to close out a winning month across the major averages with the Dow adding 1.8% in September while the S&P 500 gained 2% and the Nasdaq added 2.7% over the September month of trading. The Dow Jones rose 0.04% to a fresh record high, while the S&P500 added 0.4% and the Nasdaq ended the day up 0.4%. The rally on Monday followed Fed Chair Jerome Powell's press conference indicating the rate cuts will continue but likely not as aggressively as the US economy shows signs of resilience against easing inflation. Stellantis shares dropped 12.52% on Monday in the U.S. after the Jeep and RAM manufacturer lowered earnings guidance amid a worsening U.S. economy outlook. GM and Ford shares also fell on Monday.In Europe overnight it was a sea of red across the region for the last trading day of September in a pullback from the records set in the region on Friday. The STOXX 600 lost 0.95%, Germany's DAX fell 0.76%, the French CAC lost 2% and, in the UK, the FTSE100 ended the day down 1.01%.Across the Asia region on Monday China's record rally continued with stocks rallying to their best day in 16-years following stimulus measure announcements out of Beijing last week.The Aussie market scaled 0.7% higher to a fresh record close on Monday as 9 of the 11 sectors ended the day higher led by energy stocks rallying on the rising price of oil amid fresh attacks from Israel on Lebanon.Iron ore miners also felt some relief on Monday on the rising price of iron ore following a material stimulus package announced out of China last week to help reignite economic growth post pandemic. China's manufacturing activity contracted sharply in September though amid subdued demand in the region while production expanded for an 11th straight month in September in China, but new orders fell.Liontown Resources rallied on Monday after the lithium miner completed its first shipment of lithium spodumene concentrate to China and spot sales starting from its flagship mine in WA.What to watch today:Ahead of Tuesday's trading session on the ASX, the SPI futures are anticipating the local market will commence the first trading session of October down 0.4%.On the commodities front this morning, oil is up 0.2% at US$68.30/barrel, gold is down almost 1% at US$2634/ounce and iron ore is up 0.5% at US$92.98/tonne.The Aussie dollar has strengthened again overnight to buy US$0.69, 99.33 Japanese Yen, 51.65 British Pence and NZ$1.09.Trading Ideas:Bell Potter has decreased the 12-month price target on Synlait Milk (ASX:SM1) from 47cps to 42.5cps and maintain a hold rating on the milk processing company following the release of the company's FY24 results including adjusted EBITDA consistent with expectations and previous guidance. Sales rose 2% in FY24, and no guidance was issued. Bell Potter maintains a hold rating on the company as the outlook remains uncertain for Synlait Milk given its reliance on retaining milk supply post FY26 and convincing farmers to withdraw cessation notices.And Trading Central has identified a bullish signal on KMD Brands (ASX:KMD) following the formation of a pattern over a period of 20-days which is roughly the same amount of time the share price may rise from the close of 47cps to the range of 57 cents to 59 cents according to standard principles of technical analysis.

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.US markets rose for the third consecutive week, with the Dow Jones closing at a record high, driven by a strong performance in energy stocks. In corporate news, US retailer Costco dropped nearly 2% following weaker earnings. Oil prices increased on Friday as investors weighed Chinese stimulus measures against rising Middle Eastern supply. Chinese interest rate cuts also boosted iron ore prices. Meanwhile, the ASX 200 is expected to open higher on Monday, ahead of key Chinese manufacturing data and earnings reports from Liontown Resources. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

The Federal Reserve's decision to lower interest rates was welcomed by Australian investors this week. Learn why the US rate cut boosted the local market and explore why the recent dip in oil prices is likely to be short-lived. In this week's wrap, Grady covers: (0:10): how Wall St reacted to the Fed's rate cut (1:20): the recent data signalling economic stability in the US (2:08): why the US rate cut is a positive for our local market (5:01): the most traded stocks & ETFs  by Bell Direct clients(5:29): economic news items to watch out for.

Wall St closed higher on Tuesday after Fed Chair Jerome Powell acknowledged progress on inflation but reiterated that the Fed was not quite ready to cut rates just yet. The Dow Jones rose 0.41%, while the the S&P500 gained 0.62% to close at a record 5509 points and the Nasdaq jumped 0.84% to a record close of 18,028.76 points.Tesla shares rose 4% on Tuesday after the EV company reported better-than-expected deliveries for the second quarter, while Apple shares hit a new intra-day high over US$220/share on Tuesday as investors assess the company's plans to introduce AI to its iPhones and other products.In Europe overnight, markets closed lower following the release of key eurozone inflation data. The STOXX 600 fell 0.4% on Tuesday, while Germany's DAX lost 0.69%, the French CAC declined 0.3% and, in the UK, the FTSE100 ended the day down 0.56%. Headline inflation in the euro area dipped to 2.5% in June which met economists' expectations, however, core and services inflation remained stubbornly high which sparked the equity-sell off yesterday.Across the Asia markets on Tuesday, it was a mostly green close across the region as Japan's Nikkei rose 1.12% to close at a 3-month high while Japan's broader Topix index rose 1.15%. Elsewhere, Hong Kong's Hang Seng rose 0.33% while South Korea's Kospi index fell 0.84% after South Korea's inflation rate came in at 2.4% which missed economists' expectations of 2.7%.What to watch today:The local market extended this week's red run into Tuesday's session with the ASX200 closing the day down 0.42% as investors assessed the hawkish comments out of the RBA in the latest meeting minutes release yesterday. A near two-month high price of oil boosted the energy sector to a 2% gain which offset some of the heavy losses among REIT and bank stocks yesterday.The latest RBA meeting minutes were released yesterday with a very hawkish tone continuing through the latest update. Michele Bullock outlined in the minutes that it is difficult to rule in or out future policy moves as the outlook remains highly dependent on economic data in order to tame inflation to the target 2-3% range by the RBA's deadline of 2026. Retail sales and new building permits data in Australia released today will play a vital role in the economic data-driven rate outlook for the RBA at the next meeting.Lithium developer Liontown Resources (ASX:LTR) rallied over 7% on Tuesday after announcing the securement of US$250m in funding from South Korean battery conglomerate LG Energy Solutions under a 10-year funding agreement.Domino's Pizza (ASX:DMP) shares came under pressure yesterday after Barrenjoey and Ord Minnett noted the Pizza giant is facing three major earnings challenges through a weakening Japanese Yen, a jump in cheese prices and a slower than forecast store rollout, which are likely to hurt earnings in FY24.On the commodities front this morning, oil is trading 0.61% lower at US$82.87/barrel, gold is down 0.3% at US$2325.83/ounce, iron ore is up 1.4% at US$108/tonne.1 Aussie dollar is buying 67 US cents, 107.63 Japanese Yen, 52.56 British Pence and 1 New Zealand dollar and 10 cents.Ahead of the midweek trading session in Australia the SPI futures are anticipating the ASX to open the day up 0.25% on the back of Wall Street's strength overnight.Trading Ideas:Bell Potter has downgraded the rating on Monadelphous Group (ASX:MND) from a buy to a hold and reduced the 12-month price target on the leading Australian engineering group following the analyst revisiting key indicators including the outlook for a quietening major project development pipeline with limited visibility on near-term contract awards. With the outlook for reduced Engineering Construction division revenue contribution to the group, it will likely lead to EBITDA pressures.Trading Central has identified a bearish signal

Dynamic Metals Ltd (ASX:DYM) managing director Karen Wellman speaks with Proactive's Jonathan Jackson about the confirmation and extension of a large historical lithium soil anomaly at the Lake Percy Project in the Goldfields Region of Western Australia, with a peak lithium oxide value of 314 parts per million (ppm). A recent infill and orientation soil sampling program included 762 samples taken at 40-metre spacings, with line spacings between 200 and 400 metres. This program extended the lithium anomaly of greater than 100ppm over a strike of 2.5 kilometres and width of 2 kilometres. The company has identified lithium anomalies near historic drill holes, which logged multiple wide pegmatites up to 81 metres downhole with elevated lithium values. Wellman described the results as "very encouraging," and expressed anticipation for the analysis of the lithium assay suite to refine potential drill targets. Dynamic Metals is evaluating the lithium potential of its land package in WA, particularly following the Widgiemooltha Project transaction with Mineral Resources. The Lake Percy Project, about 120 kilometres west of Norseman, has been historically explored for nickel but was recently identified for its significant lithium potential. This potential has been highlighted by discoveries at the nearby Medcalf spodumene and Burmeister sites. Previously, White Cliff Nickel Ltd conducted lithium-focused soil sampling in 2015 and 2016, establishing Lake Percy as an area of interest. In 2016, a joint venture with Liontown Resources led to the drilling of eight holes, but no ore-grade lithium intercepts were found, despite encountering multiple pegmatite intervals. Minimal work on lithium potential has been done since Liontown's withdrawal in 2017. In 2023, Dynamic Metals drilled for nickel, intersecting multiple pegmatites with lithium grades up to 1,170ppm. Sample pulps from these intervals have been submitted for full lithium suite analysis to guide further exploration efforts. #ProactiveInvestors #DynamicMetals #ASX #LakePercyProject, #LithiumExploration, #GoldfieldsRegion, #WesternAustralia, #SoilSampling, #Pegmatites, #LithiumAnomaly, #MineralExploration, #GeologicalModel, #WhiteCliffNickel, #LiontownResources, #MedcalfDiscovery, #BurmeisterDiscovery, #LithiumAssay, #ExplorationEfforts, #LithiumPotential, #NickelExploration, #MineralResources, #CovalentLithium #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

As we approach the close of FY24, it's a prime opportunity to review your portfolio and investment strategy for the upcoming year. Understanding the current economic landscape will be crucial in making informed decisions for FY25.We're excited to share an insightful conversation between AMP's Deputy Chief Economist, Diana Mousina, and Bell Direct's Market Analyst Grady Wulff. Diana and Grady discuss key factors impacting the market for the remainder of FY24 and into FY25.In this week's wrap, Diana and Grady delve into:(0:45): the impact of inflation on bond yields  (3:49): reasons for Diana's optimistic view on inflation's outlook (5:00): how central banks can adjust interest rates independently  (7:42): why Diana anticipates rate cuts from both local and Federal Reserve sources  (8:39): a recap of this week's market movements (9:30): the most traded stocks & ETFs by Bell Direct clients (10:00): upcoming economic data to keep an eye on.

Wall Street tumbled on Tuesday to close out a losing month following the release of the latest inflation related data and ahead of the Fed's latest interest rate decision out on Wednesday US time. The S&P500 fell 1.57%, the Dow Jones lost 1.5% and the tech-heavy Nasdaq tumbled 2.04%. For the month of April, the three key indices are set to post a notable loss. Higher-than-expected wages data has raised investor concerns of the rate cut outlook out of the Fed. For the first quarter, the employment cost index which measures wages and benefits, climbed 1.2% which was above economists' expectations of a 1% rise.Across the European markets overnight, markets closed in the red to record their first negative month since October as investors assessed the latest slew of earnings results. The STOXX600 fell 0.6% on Tuesday, Germany's DAX lost 1.03%, the French CAC declined 0.99% and, in the UK, the FTSE100 closed Tuesday's session down just 0.04%.  In Asia overnight, markets closed mostly higher as investors assessed factory activity figures out of China which came in at an expansion to 50.4 in April compared to 50.8 in March which beat economists' expectations but indicated a slower pace of activity expansion in the world's second largest economy. Japan's Nikkei closed flat, Hong Kong's Hang Seng index rose 0.09%, and South Korea's Kospi index rose 0.17%. The local market has started the week on a green run, with the key index closing Tuesday's session up 0.35% led by consumer discretionary and real estate stocks, which are two of the rate sensitive sectors. Lithium miners and explorers got a much-needed boost yesterday on a rise in the price of lithium carbonate, which sent Arcadium Lithium to the top of the ASX200 winners with an 8.4% rise, while IGO rose 7.3% and Liontown Resources added 2.9%. Investors got a boost from Australia's retail spend data coming out yesterday for March indicating a 0.4% fall in consumer spend, which was well below the 0.2% rise economists were expecting. Retail spend is a key driver of inflation and this reading is a key supporting factor for the RBA to realise some key inflation drivers are easing, which supports the notion to maintain rates at the current level instead of considering another rate hike. Earnings season continues in Australia for the latest quarter which saw investors respond with mixed reactions on Tuesday. Australian fuel supplier and producer Ampol fell 3.3% after reporting a 21% drop in its Lytton Refiner Margin and a 7.3% decline in refinery production over the last three months. What to watch today:Ahead of the midweek trading session here in Australia the SPI futures are expecting the ASX to open the day down 1.20%, tracking the global sell-off overnight.On the commodities front this morning, oil is down 0.92% at US$81.96/barrel, gold is down 1.61% at US$2295/ounce and iron ore is up 0.35% at US$110.54/tonne.AU$1.00 is buying US$0.65, 102.26 Japanese Yen, 52.05 British Pence and NZ$1.10. Trading Idea:Bell Potter has downgraded Telix Pharmaceuticals (ASX:TLX) from a buy to a hold and maintain a $14.50 price target on the leading cancer imaging and therapy agent pharmaceuticals company following the release of an outstanding 1Q24 revenue growth and a major inflection point approaching for the company through its first therapeutic asset being a crucial piece of the long-term value proposition. The downgrade to a hold is simply due to valuation as the share price has been on a run recently, and this is the first downgrade since Bell Potter first initiated coverage of the company in 2021.

Rate cuts are on hold as US inflation unexpectedly heats up. The latest data reveals a second consecutive month of rising inflation, dashing hopes for a cool down in June. We'll delve into the key drivers of this inflation surge and what it means for you. In this week's wrap, Grady covers:  (0:10): the latest US inflation reading(0:43): the outlook on the Fed rate cut(0:54): key inflation drivers(4:20): what this means for investors(5:43): the most traded stocks & ETFs by Bell Direct clients(6:13): economic data to watch next week.

US markets closed mixed overnight, with the Dow Jones closing slightly higher, just 0.1% in the green, while the S&P500 closed 0.2% lower and the Nasdaq down 0.5%, as the information technology sector slipped 1.1% with Nividia, Meta and Apple shares all lower. The US consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago. The monthly measure was in line with expectations while the 12-month reading was slightly higher.European markets ended higher, following what was a mixed trading session, as investors considered the latest U.S. inflation data as well as U.K. gross domestic product. GDP increased 0.2% in line with forecasts.What to watch today:The Australian share market is set to open higher this morning, with the SPI futures suggesting a rise of 0.28%. In commodities, The price of oil is up 2.7% to US$79 per barrel after US data saw an unexpected decrease in crude stocks. Gold has advanced 0.8% after losing for than 1% in the previous session, amid US inflation data being released. And iron ore is also in the green, trading at US$111 per tonne, so keep watch of iron ore miners.And some companies set to go ex- dividend today include Breville Group Ltd (ASX: BRG), auto retailer Eagers Automotive (ASX: APE), poultry producer Inghams Group Ltd (ASX: ING), and telco TPG Telecom Ltd (ASX: TPG). Trading Ideas:Bell potter maintains a Speculative Buy rating on Liontown Resources (ASX:LTR) after the mining company accounted that it has executed a $550 million senior secured syndicated debt facility, funding its Kathleen Valley lithium project to first production. The Kathleen Valley project remains highly strategic in its stage of development, long mine life and location. And Bell Potter recognise the higher level of risk with their Speculative risk rating as it's an asset development company. They have lifted their valuation from $1.60 to $1.90 per share, and at LTR's current share price of $1.39, this implies 36% share price growth in a year. And Trading Central have identified a bullish signal in Resimac Group (ASX:RMC), indicating that the stock price may rise from the close of $0.98 to the range of $1.24 - $1.30 over 26 days, according to the standard principles of technical analysis.

The Finance Report with Evan Lucas, Tuesday January 23, 2024 State and Federal resources ministers will hold crisis talks with miners this week after January's critical minerals killing season claimed new victims, including Andrew Forrest's Wyloo Metals, a BHP nickel business and former market darlings Chalice Mining and Liontown Resources.See omnystudio.com/listener for privacy information.

Wall Street opened the new trading week in record territory across two of the three key indices as investors shook off the equity slump that started 2024 lower ahead of key Q4 GDP data out later this week.The Dow Jones rose 0.36% to trade above 38,000 for the first time during the session, while the S&P500 added 0.22% to reach a new all-time high and the Nasdaq advanced 0.32% on Monday.The strength in US equities signals a strong bull run that has been in effect since October 2022 and the duration of this rally will depend on whether the US central bank can successfully pull off a soft landing over a recession as inflation continues to cool in the world's largest economy. Later this week, Q4 GDP data will further indicate how well the Federal Reserve's rate policy has been at bringing inflation down while maintaining economic stability.Department store giant Macy's rallied over 3% on Monday after rejecting a $5.8bn takeover offer while cost-cutting measures through laying off 16% of the workforce sparked a rally for SolarEdge shares.Over in Europe, markets closed higher in the region to start the new trading week on a positive note as investors await the release of eurozone consumer confidence and monetary policy meeting data out later this week. The STOXX600 rose 0.78% on Monday, Germany's DAX added 0.77%, the French CAC climbed 0.56%, and, in the UK, the FTSE100 ended the session up 0.35%.The ASX has started the new trading week on a very positive note with the key index closing 0.75% higher on Monday, taking strong lead from Wall Street's rally on Friday and driven by a tech surge on the local index. The global tech rally that took over markets in 2023 has extended into the new year as earnings growth on the AI and semiconductor front drives investor appetite for the high growth sector. The tech sector also benefits from interest rate cuts as it makes funding growth outlook more affordable for the high growth sector.Big miners across a few key commodities were hit hard yesterday for a range of reasons. Lithium market darling of the past few years, Liontown Resources tanked over 20% yesterday after the company announced it is reviewing its expansion plans and associated ramp-up of its Rare earths producer Lynas Rare Earths also fell out of favour with investors yesterday after releasing a December quarter update indicating output more than halved during the three months due to a temporary shutdown at its Malaysian facilities to complete an upgrade.What to watch today:Ahead of the local trading session here in Australia the SPI futures are expecting the ASX to open Tuesday's session mostly flat.On the commodities front this morning oil is trading 2.38% higher at US$75.02/barrel, gold is down 0.3% at US$2023/ounce, and iron ore is up 2.71% at US$132.50/tonne.AU$1.00 is buying US$0.66, 97.44 Japanese Yen, 51.89 British pence and NZ$1.08.Trading Ideas:Bell Potter has decreased the 12-month price target on Lynas Rare Earths (ASX:LYC) from $8.50 to $7.60 however, maintain a buy rating on the leading producer of rare earths following, after the company released a first half trading update outlining production on the weaker side, a slide in revenue, and weaker outlook in amid China's sluggish recovery.And Trading Central has identified a bullish signal on Washington H Soul Pattinson (ASX:SOL) following the formation of a pattern over a period of 124-days which is roughly the same amount of time the share price may rise from the close of $33.21 to the range of $37.30 to $38.20 according to standard principles of technical analysis.

This week's market saw the fluctuation of commodity prices, the release of anticipated economic data, and a notable surge in uranium reaching unprecedented highs. The ASX200 declined 2% (Mon – Thurs), with all 11 industry sectors in the red. Materials and real estate posted the largest losses, while Boss Energy (ASX:BOE) was the best performing stock.In this week's wrap, Sophia covers:(0:20): why the energy sector retreated this week(1:46): the fall in natural gas and iron ore prices(2:29): what's behind the uranium rally(3:04): the latest unemployment rate data(3:51): the best performing stocks on the ASX200(4:30): the most traded stocks & ETFs by Bell Direct clients(5:04): economic data to watch next week.

US equities closed near the flat line, with the Dow Jones just 0.04% higher, while the S&P 500 was 0.09% lower and the Nasdaq down 0.16% lower.European major benchmarks closed higher, as regional markets regained momentum. The STOXX 600 closed 0.43% higher, with auto stocks up the most. Germany's DAX maintained gains following German inflation figures being released during afternoon trading, slowing to 2.3% in November. The DAX is now at its highest level since the beginning of August. France's CAC also closed in the green, while the FTSE 100 closed lower.What to watch today:The Australian market is set to open slightly higher, with the SPI futures suggesting a 0.1% rise at the open this morning.In commodities,Crude oil has jumped 1.65%, nearing US$78 per barrel, ahead of the OPEC+ meeting today, where the group will set its production policy for 2024. OPEC+ are considering new oil production cuts of as much as 1 million barrels a day.Meanwhile, the price of gold has rallied, hitting its highest levels in nearly seven months, off the back of a sharp decline in the US dollar. So, keep watch of ASX- listed gold miners.And iron ore is lower, trading at US$133.50 per tonne.In economic data, private sector credit data and building permit data will be out today. We'll also be awaiting eurozone inflation for October out tonight.And there's a list of companies holding their AGMs today. These include Imugene (ASX:IMU), Lake Resources (ASX:LKE), Liontown Resources (ASX:LTR) and Sayona Mining (ASX:SYA).And stocks going ex-dividend today include Aristocrat Leisure (ASX:ALL) and Technology One (ASX:TNE).Trading Ideas:Bell Potter maintains a Buy rating on EROAD (ASX:ERD) and have increased their price target by 6% to $0.95. At the stock's current share price of $0.76, this implies 25% share price growth in a year.And Trading Central have identified a bullish signal on Magellan Financial Group (ASX:MFG), indicating that the stock price may rise from the close of $7.43 to the range of $8.40 to $8.60 over 38 days, according to the standard principles of technical analysis.

Volatility in global markets continued into the last trading week of October, however, so far November has started on a green note across the key trading regions. Investors started buying again given Fed maintained the US cash rate for another term, eurozone inflation data came in at a 2-year low for October, and Australian quarterly company results showed resilience across some sectors.Concurrently, governments worldwide are actively pressing forward with the transition to green energy with key commodities playing a vital role.In this week's wrap, Grady covers:(0:33) geopolitical tensions and China's recovery post-pandemic,(0:52) the rally of infrastructure investment company, Infratil,(1:02) governments pushing for a transition to green energy,(2:52) key commodities' impact on the energy transition,(3:49) the $2 billion Hydrogen Headstart program,(5:11) the best performing stocks in the ASX200,(6:06) the most traded stocks & ETFs by Bell Direct clients, and(6:34) five economic news items to watch out for.

This week on The Fin podcast, resources reporters Peter Ker and Elouise Fowler on lithium's rise and fall and rise again, why the Liontown deal collapsed and whether the critical mineral could become the next iron ore for Australia.This podcast is sponsored by SAP.Further reading: Can brains disrupt Australia's lithium mining brawn Some of the world's biggest and smallest companies reckon technology can disrupt Australia's lithium boom by unlocking vast new supplies and crushing prices. Deal off, Game on: The battle for Liontown is just beginningLess than five hours after Liontown Resources announced the withdrawal of Albemarle's $6.6 billion takeover bid, the lithium junior's biggest shareholder, Gina Rinehart, was busy setting up a new vehicle for her pivot towards critical minerals. Lithium takeovers ignite the Pilbara Deal fever has swept the Australian lithium, with Chilean giant Socieded Quimica Y Minera set to play a central role in two deals.See omnystudio.com/listener for privacy information.

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: Sponsors of the Formosa 3 wind project in Taiwan have sounded out lenders to back the scheme Liontown Resources has received support from export credit agencies after the collapse of Albemarle's takeover bid Louis Dreyfus Company has upsized one of its RCFs to $700 million Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

It's a new week, and we're hitting the decks with a fast three. The stories that have had us chatting in the Equity Mates office. Sascha is joined by her colleagues to talk them through. Alec is digging into the reporting coming out of the recent Amazon antitrust lawsuit, Alf is getting me up to speed on the AI Deep Fakes plaguing celebrities. But first, Bryce is going to dive into the stoush over Liontown Resources between Australia's richest person and an American chemicals giant. Want more Equity Mates? Click here. In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.The Dive is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

Rising bond yields sparked a sell-off on Wall Street on Friday as investors remain concerned about the broader state of the U.S. and global economies. The yield on the benchmark 10-year treasury note topped 5% for the first time in 16-years on Friday which offers investors a safer return on investment than the current volatility of equity markets in the U.S.The Dow Jones fell 0.86% on Friday while the S&P500 lost 1.26% and the tech-heavy Nasdaq shed 1.53%. For the week, the Dow Jones fell 1.2%, the S&P500 shed 2.4% and the Nasdaq took the biggest hit, falling 3.2%.American Express shares fell 5% on Friday after the big bank reported earnings per share that beat expectations, but revenue came broadly in line with expectations.Tesla shares also tumbled over 15% across the trading week after the EV giant reported earnings on Wednesday that missed expectations on both the top and bottom lines.Over in Europe, markets closed at the lowest level in 2023 on Friday on rising treasury yields and fears of further monetary tightening out of the US. Comments made by US Fed Chair, Jermone Powell, around the need to continue with a tightened monetary policy until inflation hits the target 2% range, sparked global investor fears of further rate hikes out of the world's largest economy. The yield on the 30-year UK government bonds hit the highest level since 1998 on Friday amid rising tensions in the Middle East and the global fear of “higher for longer” pushing investors to favour bonds over other riskier assets in the current market. The STOXX600 fell 1.3%, Germany's DAX lost 1.64%, the French CAC shed 1.52% and, in the UK, the FTSE100 fell 1.3%.Locally on Friday, the ASX200 fell 1.16%, weighed down by the materials sector falling 1.7% while the communication services, and healthcare sectors fell 1.43% each. 10 of the 11 sectors on the local market closed lower on Friday as surging bonds and tensions in the Middle East weighed on local investor sentiment. Energy stocks were the only equities to rally on Friday as the price of oil continues to climb as tensions in the oil producing hub of the Middle East continue rising.Liontown Resources (ASX:LTR) fell 32% on Friday as the lithium miner resumed trading following a trading halt to capital raise after US miner Albemarle walked away from its $6.6bn takeover offer.What to watch today:Ahead of the first trading session of the week here in Australia, the SPI futures are anticipating the ASX to open Monday's session down just shy of 1%, to carry the sell-off into the new trading week.On the commodities front this morning, oil is down 0.33% at US$88.08/barrel, gold is up 0.4% at US$1981/ounce and iron ore is down 2.93% at US$116/tonne.AU$1.00 is buying US$0.63, 94.69 Japanese Yen, 51.88 British Pence and NZ$1.08.Trading Ideas:Bell Potter has slightly decreased the 12-month price target on Lynas Rare Earths (ASX:LYC) from $8.50 to $8.20 and maintain a buy rating on the leading producer of rare earths following the release of the company's 1QFY24 trading update outlining production of NdPr was 17% lower QoQ and 7% below Bell Potter expectations as maintenance works were carried out at Lynas' Malaysian facilities over the first quarter.And Trading Central has identified a bearish signal on Sigma Healthcare (ASX:SIG) following the formation of a pattern over a period of 17-days which is roughly the same amount of time the share price may fall from the close of $0.66 to the range of $0.57-$0.59 according to standard principles of technical analysis.

Favourable jobs data and easing treasury yields boosted Wall St to a positive close on Wednesday with the Dow Jones snapping a losing streak by adding 127 points or 0.4%, while the S&P500 rose 0.8% and the tech-heavy Nasdaq lifted 1.3%. US private payrolls data showed the economy added 89,000 private payrolls last month which was well below the forecasted 160,000 in a sign the tight labour market in the US is starting to ease.Over in Europe, markets closed lower on Wednesday amid dampened global sentiment over rising interest rates and the outlook for inflation to remain stubbornly high. Locally on Wednesday, the ASX200 extended its red run, closing the session down 0.77% to an 11-month low as financial and communication services stocks weighed on the key index, while the utilities sector was the only sector to close the midweek session higher. Lithium takeover target Liontown Resources added 1% on Wednesday after Gina Rinehart further increased her stake in the near-term lithium producer, taking her holding to 14.7%Biotech company Noxopharm soared 85% on Wednesday after announcing its CRO-67 preclinical drug candidate for the treatment of pancreatic cancer has been granted orphan drug designation status by the FDA in the US.What to watch today: Ahead of the local trading session here in Australia, the SPI futures are anticipating the ASX to open Thursday's session 0.45% higher on the back of Wall Street's recovery overnight.On the commodities front this morning oil is down 4.96% at US$84.80/barrel, gold is down just 0.09% at US$1821.10/ounce and iron ore is flat at US$119.50/tonne.Trading Ideas: Bell Potter has initiated coverage of Clinuvel Pharmaceuticals (ASX:CUV) with a buy rating with a 12-month price target of $24/share. Bell Potter sees the company's distribution of Scenesse, the only approved treatment for patients suffering from a rare inherited disease called EPP, as a strong growth outlet over the coming years, with a 3-year Compound Annual Growth Rate of 34% to $78m in FY23. The company also has diversification beyond Scenesse through conducting a range of pharmaceutical R&D activities and new product launches to diversify its commercial opportunities.And Bell Potter has increased the price target on Adacel Technologies (ASX:ADA) from 75cps to 80cps and maintain a buy rating on the leading global provider of simulation and control systems for civil aviation and defence sectors following the company announcing it has been awarded a new contract from the Federal Aviation Administration valued at US$59m over five years. Adacel lost this services contract to a competitor 6-years ago and the new contract award represents the hardware component only and does not include any software so another contract may be forthcoming for the upgrade of the software.As a reminder, for a limited time only, we are giving you exclusive access to 3 Bell Potter stock reports each week, delivered straight to your inbox. And as a bonus, you will go in the draw to win a share of 3 million Velocity Frequent Flyer Points. The insights from these reports are something you can't find with any other online broker and is what we use to provide you with our daily trading ideas and market analysis. Gain extra entries by joining Bell Direct and placing your first trade. This offer is available to investors new to Bell Direct here.

Spotify has released more than 1.5 million audiobooks into its premium subscription in Australia and the UK to convince more people to love audiobooks. Gina Rinehart's Hancock Prospecting has picked up a large chunk of shares in super popular aussie stock Liontown Resources and this might block a $6.6 Billion Bid. Starbucks is developing a new variety of coffee beans because it's concerned that climate change threatens supply. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Fears of a government shutdown prompted Wall St to close mostly lower on Friday to end the worst month of 2023 on the NYSE. The Dow Jones fell 0.5%, the S&P500 lost 0.27% and the tech-heavy Nasdaq rose 0.14%. In early trade on Friday's session, all three key indices were trading higher as investors welcome the latest personal consumption expenditures price index reading of a 0.1% rise in August and up 3.9% annually. Economists were polling a 0.2% rise for August in the data the federal reserve monitors closely as a key reading of inflation. The sell off in afternoon trade was spurred on by investor concerns of a potential government shutdown following the House GOP leaders failing to pass a short-term spending bill on Friday.Over the month of September, the Dow Jones fell 3.5%, the S&P500 shed 4.9%, and the Nasdaq dropped 5.8%.Over in Europe, markets closed higher on Friday driven by a rally for technology stocks in the region. The STOXX600 added 0.5% on Friday, Germany's DAX rose 0.41%, the French CAC added 0.26%, and in the UK, the FTSE100 gained 0.08%. Eurozone inflation data was the driver of the rally in Europe on Friday with the latest reading coming in at 4.3% for September, its lowest level since October 2021.Despite the positive session on Friday, the markets in Europe reported their worst quarter of 2023.Locally on Friday the ASX200 rose 0.34% driven by the materials sector adding 1.22% while consumer discretionary stocks rose almost half a percent. Core Lithium was the winning stock of the session, soaring over 19% after the lithium miner released its first full-year profit as a lithium producer with revenue of $50.6m and profit of $10.8m for FY23.Liontown Resources on the other hand fell 1.3% on Friday after the miner lifted the estimated capital costs on its Kathleen Valley Lithium project to $951m which is a jump from the $895m estimate announced in January.What to watch today:Ahead of the local trading session here in Australia the SPI futures are expecting the ASX to open the Monday's session down 0.54% to start the new trading month lower.AU$1.00 is buying US$0.64 cents, 96.19 Japanese Yen, 52.46 British Pence and NZ$1.07.On the commodities front this morning oil is down 1% at US$90.79/barrel, gold is down 0.88% at US$1848.19/ounce and iron ore is flat at US$119.50/tonne.Trading Ideas:Bell Potter has slightly decreased the 12-month price target on Nufarm (ASX:NUF) from $7.00 to $6.75 and maintain a buy rating on the leading supplier of agricultural chemicals, seeds and treatments globally, following the release of a brief FY23 guidance update. The company has reduced its FY23 EBITDA guidance to $430m-$440m which is below consensus expectations of $451m amid inventory destocking and North America's late season creating headwinds in H2FY23. A reversal of these trends in FY24 along with growth beyond yield program are likely to see a reasonable rebound in earnings in FY25-FY26.And Trading Central has identified a bullish signal on Incitec Pivot (ASX:IPL) following the formation of a pattern over a period of 10-days which is roughly the same amount of time the share price may rise from the close of $3.14 to the range of $3.35 to $3.39 according to standard principles of technical analysis.

In this episode of Chip Stock Investor, Nick and Kasey first talk about their long-held Berkshire Hathaway (BRK.B) stock that may not sound like an exciting energy play. Indeed, Apple (AAPL) comprises nearly half of Warren Buffet's stock portfolio. However, Buffett's investment conglomerate has enjoyed ongoing growth, in part, driven by it's subsidiary energy businesses -- including measured bets on renewables like natural gas and hydrogen. Albemarle has been our favorite pick in lithium mining and with their proposal to Liontown Resources, could become even more of a Lithium giant. Why has the stock taken such a beating? Will the lithium market improve, and what bearing do commodity prices have on Albemarle? Enphase is a leading provider of microinverters, which are devices that convert solar energy into electricity usable in the home. It's been expanding into more of a platform, with energy storage batteries, EV chargers, and solar system management software now available. We recently made a small purchase of Enphase stock in August. Since then, shares have continued to drop. Why? And what is the future growth opportunity for Enphase? If you feel like leaving us a tip you can do so at : https://ko-fi.com/chipstockinvestor Thanks for the support! We use data, charts, and KPI's from our friends at Main Street Data. If you would like to check it out and subscribe to a premium membership here is a link that will get you 10% off

World leaders agree a strategic effort to counterbalance Chinese influence Prized Australian tourism and holiday destination Hamilton Island looks set to sell with its current owners understood to be discussing the move. News Corp CEO Robert Thomson warns AI will create a "tsunami" of job losses at publishers. Gina Rinehart has not ruled out launching a bid to rival Albemarle's $6.6 billion takeover tilt at Liontown Resources after confirming she now holds a strategic stake close to 8% in the West Australian lithium prize. CSL targets $33bn asthma market with new drugFollow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop Hosted on Acast. See acast.com/privacy for more information.

Wall Street closed lower on Tuesday, led by the Nasdaq falling 1.04% in its first losing session in three days as Oracle shares plunged 13% on weaker-than-expected quarterly revenue and guidance. The S&P500 fell 0.57% and the Dow Jones fell in afternoon trade to close 0.05% lower after trading higher all day. Chevron shares rallied almost 2% on strength in the price of oil to offset some of the losses for the Dow Jones on Tuesday. Apple shares were also lower in afternoon trade after the tech giant unveiled a new iPhone model this afternoon in US time. Investor attention in the US is focused this week on key inflation data which will be released on Wednesday US time as it will give an indication into how the US economic inflation is faring and provide further support for the Fed to either raise or hold rates at the next FOMC meeting.In Europe, markets closed mixed across the board on Tuesday ahead of key economic data released later this week. The STOXX600 fell 0.2%, Germany's DAX fell 0.54%, the French CAC lost 0.35% and, in the UK, the FTSE100 rose 0.41%.UK average earnings data released overnight showed regular pay excluding bonuses in the UK went up 7.8% YoY in the three months to July, which is the same reading as the prior quarter and the highest regular growth rate since comparable records began in 2001, in a sign inflation remains high in the region.The local market has rallied across the first two sessions of this week amid a rise in staple and financial stocks over the two trading sessions. On Tuesday, the ASX200 rose 0.20% led by materials stocks lifting 0.9% on a 3% rise in the price of iron ore following better-than-expected economic data out of China in the form of total credit growth climbing in August 2023, marking the first month-on-month acceleration since March.It was a big day for lithium miners yesterday with some mining giants making key strategic moves that had investors excited. Delta Lithium shares jumped almost 6.5% after Mineral Resources founder and CEO joined Delta Lithium's board as non-executive chairman, and Mineral Resources increased its shareholding in Delta to 17.4%.What to watch today:Ahead of the local trading session here in Australia the SPI futures are anticipating the local market to open the midweek session down 0.29%.On the commodities front this morning, oil continues to strengthen, trading up 1.70% at US$88.77/barrel, gold is down just shy of half a percent at US$1913/ounce and iron ore is up 3% at US$120/tonne on the back of that favourable economic data out of China reigniting demand outlook for iron ore from the region.AU$1.00 is buying US$0.64, 94.48 Japanese Yen, 51.28 British Pence and NZ$1.09.Trading Ideas:Bell Potter has increased the rating on EROAD (ASX:ERD) from a hold to a buy whilst lowering the 12-month price target from $1.25 to $0.90 amid forecasting for the NZ$50m capital raising and the subsequent impact to NPAT that is expected by Bell Potter's analyst. Bell Potter questions the decision to raise equity capital at such a sharp discount to the last close – especially after the EROAD board rejected the non-binding indicative offer of NZ$1.30/share from Brillian APAC, but the Bell's analyst does recognise the much-strengthened balance sheet which now removes risk of another capital raise in the short term.And Trading Central has identified a bearish signal on Boral (ASX:BLD) following the formation of a pattern over a period of 9-days which is roughly the same amount of time the share price may fall from the close of $4.65 to the range of $4.13 to $4.23 according to standard principles of technical analysis.

In this week's Monday Market Highlights, Investment Analyst Kate Power discusses the RBA extending the pause in the OCR, the Aussie GDP print which included record high population growth estimates and a fall in household savings, the US ISM services index, and the US initial jobless claims coming in lower than expected.  In equity news, Kate covers Qantas CEO Alan Joyce's upcoming retirement and the company's drop in share price following pressure and scrutiny by the Australia media. She also looks into Orora, EROAD, Audinate, and Liontown Resources. This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.

Liontown Resources, the Australian lithium miner, has received a sweetened $6.6 billion acquisition offer… which its board recommends accepting. APRA has come down hard on Australian super funds after they were too slow to revalue tech companies, including Canva. Hilton Worldwide's Australian arm is facing off with the ATO over alleged unpaid taxes. — Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

The US market was closed on Monday for the labour day holiday.Over in Europe, markets closed lower in the region on Monday with the STOXX600 closing flat, while Germany's DAX fell 0.1%, the French CAC lost 0.24% and in the UK the FTSE100 lost 0.16%. European Central Bank President Christine Lagarde said it will be critical for central banks to pin their inflation targets at a period where fluctuations in the likes of energy prices and geopolitical activity are factored in, according to Reuters.Germany's trade data released on Monday showed a 0.9% month-on-month decline in exports in July while imports rose 1.4%, leading to a decline in Germany's trade surplus to 15.9 billion euros from 18.7bn euros in June and well below the consensus forecast of a slight dip to 18 billion euros.Locally, the ASX started the week in positive territory with the key index closing the first trading session of the week up 0.56%, continuing the momentum from last week's 2.29% rise.Yesterday, the key index rally was fuelled by materials stocks rising almost 2% amid optimism of further stimulus out of China increasing demand outlook for iron ore. Energy stocks also lifted to start the week in the green as the price of oil trades 6.57% higher over the last week amid fears of possible production cuts from Moscow.The story of the local session yesterday was lithium miner Liontown Resources receiving an upgraded takeover bid from US chemicals giant, Albermarle, valuing Liontown at $6.6bn. The initial takeover offer of $2.50/share was rejected on the grounds of value however the Liontown board is reportedly considering the revised $3/share offer and has granted Albermarle a ‘limited period of exclusive due diligence'. Following the offer news, Liontown shares traded 9.5% higher around $2.87/share.On the other end of the market, Sky City tumbled 15% yesterday after the casino and entertainment company revealed its operating licence may be suspended in New Zealand for 10 days by New Zealand's Department of Internal Affairs for failure to comply with the responsible gaming program. As we near the end of reporting season, 385 companies have reported with 28.8% beating estimates, 43% meeting estimates and 27.8% missing estimates.  What to watch today:Ahead of the local trading session here in Australia the SPI futures are expecting the local index to open 0.26% lower on Tuesday.On the commodities front this morning, oil is trading 0.44% higher at US$85.93/barrel, gold is flat at US$1938.56/ounce and iron ore is down 0.43% at US$117/tonne.Stocks trading ex-dividend today include Pilbara Minerals (ASX:PLS), Yancoal (ASX:YAL), Northern Star Resources (ASX:NST), Codan Limited (ASX:CDA), Corporate Travel Management (ASX:CTD), Clinuvel Pharmaceuticals Limited (ASX:CUV)and Origin Energy (ASX:ORG).  Trading Ideas:Bell Potter has downgraded Liontown Resources (ASX:LTR) to a hold from a buy and maintain a 12-month price target of $3.85 on the lithium miner following the receipt of an upgraded takeover bid from Albermarle of $3/share. Albermarle has declared this is its best and final offer unless a superior proposal is received. The Liontown board has granted Albermarle a limited period of exclusive due diligence and according to Bell Potter, intends to unanimously recommend the proposal in the absence of a superior offer and subject to an independent expert opinion.And Trading Central has identified a bullish signal on Coronado Global Resources (ASX:CRN) following the formation of a pattern over a period of 15-days which is roughly the same amount of time the share price may rise from the close of $1.66 to the range of $1.76-$1.78 according to standard principles of technical analysis.

The Daily Business and Finance Show - Monday, 4 September 2023 We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days! Please click here for more info: Subscribe to Seeking Alpha Premium News Today's headlines: Tesla's China-made EV sales surge in August Looking to stay in NYC for a visit? Good luck using Airbnb Transocean says selling stockholder offering 82.6M shares AI to represent 11% of healthcare budgets in 2024 - Morgan Stanley Nestle-partnered weight loss capsule succeeds in pivotal trial Is the stock market open on Labor Day? Luckin Coffee looks for alcoholic jolt with new drink in China Lithium miner Albemarle raises Liontown Resources takeover bid to $4.3B Explanations from OpenAI ChatGPT API with proprietary prompts. This podcast is produced by Klassic Studios Learn more about your ad choices. Visit megaphone.fm/adchoices

Jenn Morris MAICD is a director with Argonaut, Liontown Resources and Sandfire. She also won gold medals for Australia in hockey at the 1996 and 2000 Olympics. We discuss: lessons from Jenn's career in sports, advice on picking your company's next CEO, and boards' developing approach to climate change. Plus, what's the right composition for a sports organisation's board?

Minerals 260, a member of the Tim Goyder stable, was spun out of lithium success story Liontown Resources. The idea was to put all the non-lithium assets in a new company. But as things have turned out, Minerals 260 now boasts a compelling lithium exploration project near the big Delta lithium project in WA. But the story certainly doesn't stop here, with new chief executive Luke McFadyen on the march in search of growth. The former Oz Minerals exec is a man in a hurry with a big appetite for action. In this podcast, he explains what he is looking for and how he is going about it. ---- Produced by Resource Media ---- The Hole Truth is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. 

This is a live recording from the main stage of Resources Rising Stars conference on the Gold Coast, between Read Corporate Managing Director Nicholas Read and Australia's newest billionaire Tim Goyder.  They chatted about what made Liontown so successful, the great lithium discovery, their takeover approach from Albermarle and his philosophy on making money for shareholders through small and mid-cap resources companies. Tim calls a spade a spade and put on a great show for investors. ---- Produced by Resource Media ---- The Hole Truth is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions. 

Gold dropped end of week after less than rosy economic data was released, noted mining audiences manager Michael McCrae. On Friday McCrae recorded Kitco Roundtable with correspondent Paul Harris. The U.S. annual core Personal Consumption Expenditures price index came in at 4.7% in April versus the consensus forecast of 4.6%. The U.S. central bank favors this gauge because the core inflation strips out volatile food and energy prices. Gold fell following the data release, with June Comex gold futures last trading at $1,946.80 an ounce. Data shows that inflation may not be coming down fast enough could increase bets that the Federal Reserve still has more room to tighten.Major gold miners are down for the year. Newmont is off 18% year to date, Barrick is down about 5%. The lithium sector saw a spate of deals early this week. Ford Motor Company early this week inked supply agreements with Albemarle, Nemaska Lithium and Compass Minerals.Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries. The five-year supply agreement starts in 2026 and continues through 2030.Nemaska will supply Ford with lithium products, including lithium hydroxide, over an 11-year period. The agreement calls for the delivery of up to 13,000 tons of lithium hydroxide per year. Ford's big move comes after a lot of major mining deals before it. Early this year GM announced a $650 million deal with Lithium Americas. Ford has done other deals. A year ago signing an offtake with ioneer and Liontown Resources. Ford is the second-largest U.S.-based automaker 

Live from the Resources Rising Stars conference on the Gold Coast, Bell Direct's Market Analyst, Grady Wulf, sat down with Liontown Resources (ASX:LTR) Chairman and mining magnate, Tim Goyder to discuss updates on the Kathleen lithium project, the Albemarle takeover and the company's outlook for the next 12 months. Hear it from the Helm here, as we collaborate with Resources Media to bring you the From the Helm Live at the RRS2023.In this video Tim discusses:(0:32) The Kathleen lithium project's journey from discovery to development(1:15) How the lithium price and outlook affects near and long term outlooks for Liontown and the Kathleen Valley(2:46) An update on the Kathleen Valley project's timeline and budget(3:27) His thinking on the US Inflation Reduction Act and expanding refining capacity ex China(4:10) His thoughts on the Albermarle offer(4:53) Why investors should invest in LiontownNote: This interview was filmed yesterday, 16 May 2023.

Senior journalist Matt Mckenzie and Jack McGinn talk about the RBA's decision and the rising cost of living. Plus: Alinta Energy, Carillon City deal and Liontown Resources.

The Aussie share market advanced 1.46% (Mon-Thu), as investors shook off fears of a global banking crisis and digested key inflation data out of the US. Materials stocks led the charge this week with the sector rising 3.16%, buoyed by iron ore prices rising on the back of a cyclone forming off WA's Kimberley coast, a key region of iron ore export for Australia.  In this week's wrap, Grady covers: •   (0:25)  Outlook for the lithium sector •   (4:17 ) Where Bell Potter sees opportunities in lithium •   (5:11) The best performing stocks in the ASX200 •   (5:57) The most traded stocks & ETFs by Bell Direct clients •   (6:27) Two economic news items to watch out for

Wall Street ended mixed again on Tuesday as investors try to shrug off recession concerns ahead of the release of key inflation data out later this week. The Dow Jones rose 0.3%, the S&P500 finished muted and the tech-heavy Nasdaq fell 0.4% on Tuesday. Investors are anticipating the release of the March readings for consumer price index out Wednesday and producer price index out Thursday to gain an insight into how the Fed might proceed on its current rate-hike journey. Moderna shares fell more than 3% overnight after the biotech firm said it delaying its flu vaccine after the experimental vaccine did not meet the criteria for ‘early success' in a late-stage trial.In Europe, markets closed higher following the return to trade after the Easter long weekend with the mining giants leading the gains across the board. Germany's DAX rose 0.4% on Tuesday, while the French CAC added 0.9% and, in the UK, the FTSE100 added 0.6%.The local market closed 1.26% higher on the first trading session of the shortened week, led by a surge in materials and consumer discretionary stocks. The materials sector was boosted by strengthening commodity prices and demand outlook from China, while consumer discretionary stocks were possibly driven higher by consumer confidence lifting. Westpac consumer confidence rebounded 9.4% in April, to the highest level since June 2022, following the RBA announcing a pause in interest rate hikes last week. The largest gains in consumer confidence were for the outlook in property prices. NAB business confidence for March also improved in data out yesterday, with the reading coming in at minus 1 from minus 4 in February, but business conditions slightly dropped from 17 to 16 for the month, indicating business confidence has stabilised but remains below the average at -1 index point. Newcrest Mining (ASX:NCM) shares jumped over 5% on Tuesday after the Aussie gold miner announced it had received an upgraded takeover offer from US gold mining giant Newmont valuing the company at almost $30 billion, implying a share price of $32.87/share, or a 22% premium to NCM's previous closing price. After assessing the revised proposal, Newcrest has agreed to grant Newmont the opportunity to conduct confirmatory due diligence to enable it to put forward a binding proposal. Evergreen Lithium debuted on the ASX yesterday, jumping 20% during its debut session in another sign the lithium era is far from over. The lithium explorer aims to mirror the success of neighbours Core Lithium (ASX:CXO) and Liontown Resources (ASX:LTR), through its flagship Bynoe, Fortune Lithium and Kenny Projects.What to watch today:Ahead of the local trading session the SPI futures are anticipating the ASX to open 0.34% higher to start the midweek session in the green.On the commodities front this morning crude oil is trading 2.4% higher at US$81.63/barrel, its highest level since late January, buoyed by prospects of higher Chinese demand and tighter global supplies. Gold is up 0.73% at US$2004.14/ounce and iron ore is up 0.42% at US$120/tonne.Taking a look at the Aussie dollar, AUD$1.00 is buying US$0.67, 88.97 Japanese Yen, 54.89 British Pence and NZ$1.07.Trading Ideas:Bell Potter has increased its price target on 4D Medical (ASX:4DX) from $0.96 to $1.05 and maintain a speculative buy rating on the company following the company announcing it has signed an inaugural contract in the US to deliver its XV LVAS scans to a US hospital client, in the first steps of commercialisation for the company's lung scanning technology.Trading Central have identified a bullish signal on Beach Energy (ASX:BPT) following the formation of a pattern over a period of 37-days which is roughly the same amount of time the share price may rise from the close of $1.54 to the range of $1.73-$1.77 according to standard principles of technical analysis.

The Aussie share market advanced 2.4% (Mon-Thu), driven by the materials sector jumping 5.04%, amid increasing commodity prices. Utilities and energy stocks also jumped over 3% each. The ASX200 felt some relief this week, after a few weeks of turbulence, as investor fears of a global banking crisis eased when regulators and industry bodies stepped in to support crumbling banks.   In this week's wrap, Grady covers:(3:10) The outlook for oil prices (3:30) Stocks Bell Potter are bullish on(4:24) The best performing stocks in the ASX200(5:57) The most traded stocks & ETFs by Bell Direct clients(6:35) Four economic news items to watch out for 

Qantas and Virgin are being called out for gatekeeping Sydney Airport's runways.   Lithium miner Liontown Resources has rejected a $5.5 billion takeover bid from US giant Albermarle because Liontown reckons it's worth more.   Alibaba plans to split its $328 billion empire into six smaller units - for future growth…. and to keep the Chinese government on side.   ---   Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

Wall Street rebounded to rally on Wednesday as investor fears of a global banking crisis continue easing, boosting high growth stocks in the technology sector. Micron led the charge on the Nasdaq after the memory chip company forecast a drop in third quarter revenue in line with Wall Street expectations but gave a positive outlook for 2025 with artificial intelligence predicted to boost sales. The Dow Jones closed the midweek session 1% higher while the S&P500 also rose 1% and the tech-heavy Nasdaq added 1.5%. While the banking system stresses are far from over, analysts at the Bank of America said ‘banking system stresses remain high but there are some signs of stabilisation'.Over in Europe markets also rebounded to close higher across the board. Investor fears of large bank collapses in the region are easing, especially after UBS announced former Chief Executive Sergio Ermotti will return as Chief Executive to guide the takeover of Credit Suisse, coming in to replace Ralph Hamers. The return of Ermotti sent shares in UBS up 3.72% on Wednesday. Germany's DAX added 1.23% on Wednesday, while the French CAC rose 1.39% and, in the UK, the FTSE100 rose 1.07%.Australia's consumer price index data for February out yesterday showed the country's inflation rate rose 6.8% in the year to February 2023, which is the second consecutive month of disinflation from the peak inflation rate of 8.4% in December 2022, and is an eight-month low for the inflation indicator. The most significant contributors to the annual increase seen in February were Housing up 9.9%, food and non-alcoholic beverages up 8%, transport up 5.6% and recreation and culture up 6.4%. Inflation falling to 6.8% in February from 7.4% in January provides further evidence that consumer prices have peaked, especially ahead of the RBA's interest rate meeting next week. Consensus were expecting a rise of 7.1%, so inflation coming in lower than expectations supports the notion for a pause in rate hikes at the RBA's meeting next week.The local index rose 0.23% yesterday as investor sentiment was boosted by the slowing of inflation growth in the country. The materials and energy sectors topped the gains on the local index yesterday with each adding over 1.2% on the back of rising commodity prices and boosted global demand outlook for key commodities.What to watch today:Ahead of the local trading session here in Australia the SPI futures are anticipating the ASX to open 0.68% higher on the back of that global rally overnight.On the commodities front this morning, oil is trading 0.31% lower at US$72.97/barrel, gold is down almost half a per cent at US$1964/ounce and iron ore is up 1.63% at US$124.50/tonne.The Aussie dollar is buying US$0.67, 88.79 Japanese Yen, 54.89 British Pence and NZ$1.07.Trading Ideas:Bell Potter has increased it's price target on Liontown Resources (ASX:LTR) from $2.81 to $3.35 and maintain a speculative buy rating on the lithium producer following the company announcing it has received and rejected a takeover offer worth $5.5bn from the world's largest lithium producer, Albermarle. The corporate interest in Liontown Resources from a high-profile US-based industry participant speaks to the quality of Liontown's Kathleen Valley project.Trading Central has identified a bullish signal on Piedmont Lithium (ASX:PLL) following the formation of a pattern over a period of 27-days which is roughly the same amount of time the share price may rise from the close of $0.82 to the range of $1.05 to $1.11 according to standard principles of technical analysis.

Lundin Mining entered into a binding purchase agreement with JX Nippon Mining & Metals to acquire a 51% interest in Lumina Copper which operates the Caserones copper-molybdenum mine in the Atacama region of Chile. Albermarle's offer to purchase Liontown Resources was rejected. Heliostar has closed its transaction to purchase the Ana Paula project in Mexico. Exploration results from Red Pine and EV Nickel. We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. ASCU is an early-stage copper developer and explorer of the Cactus Mine and its satellite project, Parks/Salyer, both situated on a 4km mine trend on private land in Arizona's porphyry copper district. Opportunity for significant growth and scale exist along the trend, while future capex requirements outlined in the Cactus PEA benefit from significant onsite and nearby access to infrastructure. The Company is led by an executive management team and Board which have a long-standing track record of successful project delivery in North America. For more information, please visit www.arizonasonoran.com. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.

Senior journalists Matt Mckenzie and Claire Tyrrell discuss how property developers and policymakers are navigating community opposition during the planning process. Plus the latest on Liontown Resources, Chalice Mining and Stockland with Jordan Murray.

A number of Australian economists are now expecting a 25-basis point rate hike in April following the release of Australian retail sales data for February indicating a rise of 0.2% for the month or 6.4% from February 2022, on the back of a 1.8% rise in January. The retail data shows consumers are still spending despite the increasing cost of living pressures down under, with $35.14bn spent last month. Department stores had the biggest increase in monthly turnover, while household goods retailing remained flat which isn't great news for the likes of Temple & Webster (ASX:TPW) and Nick Scali (ASX:NCK).  UBS though, is adamant the RBA won't hike rates at next week's meeting but will instead hike by 25-basis points in May. Australia's consumer price index or inflation data is out today for February which will give a greater insight into how successful the RBA's monetary tightening policy has been to date and will give the RBA a better idea of whether a pause or hike is most appropriate at next week's interest rate meeting.Locally yesterday, the ASX rallied 1.04% led by a surge in energy stocks, with the sector jumping over 4%. Lithium mining and production companies felt some much-needed relief yesterday following a recent sell-off amid declining demand outlook. The reason for yesterday's boost in lithium stocks was due to lithium giant Liontown Resources (ASX:LTR) announcing it had received and rejected a takeover offer from Abermale, the world's largest lithium producer, in a deal worth $5.5bn on the grounds of the offer substantially undervaluing Liontown and its assets. The announcement sent shares in Liontown soaring 68.5%.Over in New York, Wall St had a mixed session on Tuesday as rising bond yields placed pressure on high-growth technology stocks. The yield on the 2-year U.S. Treasury note climbed back above 4%, which makes future profits for growth companies, less attractive as higher rates mean that earnings years from now are worth less today. The Dow Jones ended Tuesday's session down 0.12% while the S&P500 lost 0.16% and the tech-heavy Nasdaq took the biggest hit ending the session down almost half a percent.In Europe overnight, investor concerns over the unfolding banking crisis in the region led to a muted trading day across the key markets in Europe. Germany's DAX closed up just 0.09%, the French CAC added 0.14% and, in the UK, the FTSE100 rose just 0.17%.What to watch today:Ahead of the local trading session the SPI futures are anticipating the local market will open 0.37% lower to start the midweek trading session.On the commodities front, oil has advanced 1.10% to trade at US$73.6/barrel amid supply concerns held after a legal dispute halted around 400,000 barrels a day of oil exports from the Ceyhan Port in Turkey this week. Gold is up 0.84% at US$1973/ounce and iron ore is flat at US$122.50/tonne.The Aussie dollar is buying US$0.67, 87.58 Japanese Yen, 54 British Pence and NZ$1.07.Trading Ideas:Bell Potter has downgraded its rating on United Malt Group (ASX:UMG) from a buy to a hold and have significantly increased the price target on the company from $4.25 to $5.00 following the company announcing it has entered into a process and exclusivity deed with Malteries Soufflet for the takeover of UMG in a deal worth $1.5bn. Bell Potter sees the takeover offer and subsequent share price rise by 30% after the announcement well exceeds Bell Potter's passive valuation for UMG and therefore justifies the downgrade to a hold from a buy rating.Trading Central has identified a bullish signal on AMP Limited (ASX:AMP) following the formation of a pattern over a period of 27-days which is roughly the same amount of time the share price may rise from the close of $1.06 to the range of $1.17 to $1.19 according to standard principles of technical analysis.

The local market ended last week on a 0.23% gain at the closing bell of Friday's session, driven by a surge in energy and materials stocks on the back of rising commodity prices. Communication services and consumer discretionary stocks came under pressure to close in the red on the last trading session of the week.Quarterly reports and company trading updates continued dominating market movements last week both locally and overseas and are expected to continue doing so for at least the next few weeks as investors respond to company performance amid challenging market conditions especially in this rising interest rate environment.The winning stocks from Friday's session were Pilbara Minerals rising 13% on the back of a strong trading update including a 10% increase in delivered spodumene concentrate on the prior quarter. Whitehaven Coal rallied over 6% on Friday and Fisher and Paykel Healthcare added 4.87% to end the week.On the losing end, Liontown Resources tumbled over 8%, while Nanosonics fell 6.64% and Pinnacle Investment Management lost 3.76%.The most traded stocks by Bell Direct clients on Friday were Whitehaven Coal, Rio Tinto and Terracom.Over in the US on Friday, tech shares led the broad market rally as investors responded to some positive corporate news including Google's parent company Alphabet cutting 12,000 staff to cut costs as growth in the business slows, which prompted a 5% surge in Alphabet's share price. Netflix also surged on better-than-expect subscriber data announced in the company's latest results update. The Nasdaq jumped 2.7%, the Dow Jones added 1% and the S&P500 rallied 1.9% on Friday.Investors are keeping a close eye on any news around the Fed's upcoming interest rate meeting from January 31 to February 1 where it is expected the Fed will ease its current aggressive stance on rate hikes to increase the nations' cash rate by 25-basis points amid signs the economy is beginning to cool.Markets in Europe rebounded from Thursday's sell-off driven by weaker-than-expected retail sales out of the US, to close higher on Friday as investors in the region also keep a firm eye on updates out of the Fed ahead of the next policy meeting. Germany's DAX added 0.76%, the French CAC rallied 0.63% and in the UK, the FTSE100 rose 0.3%.What to watch today:Ahead of the local trading session, the SPI futures is anticipating the ASX to open 0.46% higher, buoyed by the strong session on Wall Street on Friday.On the economic data front today, the Bank of Japan policy meeting minutes will be released, which will give investors an insight into the rate outlook in the region following the shock maintenance of the country's extremely low interest rate of -0.1% at the last policy meeting.Taking a look at commodities, oil is trading higher at US$81.64/barrel, gold is down almost 1% at US$1913/ounce and iron ore is flat at US$124.50/tonne.The Aussie Dollar is buying US$070, 90.25 Japanese Yen, 56.19 British Pence and NZ$1.08.Trading Ideas:Bell Potter maintain a BUY rating on IVE Group (ASX:IGL), and while there is no change in forecasts, Bell Potter have updated each valuation used in the determination of our price target for market movements and time creep. The price target has increased from $2.60 to $2.75, and at IGL's current share price of $2.37, this implies 16% share price growth in a year.Trading Central have identified a bullish signal in Pilbara Minerals (ASX:PLS) indicating that the stock price may rise from the close of $4.55 to the range of $4.80 to $4.90 over 26 days according to the standard principles of technical analysis.

The ASX seesawed throughout the first trading session of the week before closing just 0.07% higher as strong gains in the tech and energy sectors offset losses in the utilities sector.Pilbara Minerals (ASX:PLS) dominated the market gains again after releasing a production update last week including production and revenue coming in ahead of analysts' expectations, which also prompted Morgans to reiterate their add rating on PLS with an improved price target of $5.40, announced today.Australian based, international oil and gas exploration and production company Karoon Energy also soared over 7% today after announcing an updated assessment of reserves and resources at its 100% owned Santos Basin concession, BM-S-40 in Brazil, where the revised assessment has found better-than-expected performance at the existing wells. Proved and Probable reserves also increased 23% compared to 30 June 2022.Food price inflation at Australia's two largest supermarkets rose to an average of 9.2% across the December quarter, from an average of 8.2% in the September quarter according to UBS. The fresh food category had the steepest food inflation, led by the dairy and meat sector.The winning stocks from today's session were led by Karoon Energy (ASX:KAR) rallying over 7.41%, Liontown Resources (ASX:LTR) recovering from last week's sell-off to climb 6.91% and Pilbara Minerals (ASX:PLS) lifted 6.15%.And on the losing end, Fisher and Paykel Healthcare (ASX:FPH) fell 2.84%, Adbri (ASX:ABC) lost 2.72% and Chalice Mining (ASX:CHN) shed 2.52% to start the week.The most traded stocks by Bell Direct clients were Woodside Energy (ASX:WDS), Core Lithium (ASX:CXO) and Allkem (ASX:AKE).On the economic calendar front today, the Bank of Japan's meeting minutes were released giving insight into the policy meeting that resulted in the surprise no change to the country's easy monetary policy.On the commodities front today, oil has dipped 0.4% to US$81.32/barrel due to the Lunar New Year holiday in Asia but outlook is still favourable for strong demand in 2023 as China, the world's largest importer of oil, reopens. Coal is down 3.45% at US$350.95/ton, gold is up slightly at US$1927/ounce, and iron ore is flat at US$124.50/tonne.The Aussie dollar is buying 70 US cents, 90.57 Japanese Yen, 56 British Pence, and 1 New Zealand dollar and 8 cents.

Mark Pownall and Mark Beyer discuss the latest on Clough, John Rubino, Perth Basin battles, Liontown Resources and a reality check for renewables.

Principal Engineer of Entech Mining Shane McLeay joins Life Of Mine to give a review of what's been happening in the 2022 Australian Mining space. Entech are involved in numerous projects across a variety of commodities, along with the progress of exciting renewable and automation technology that is making its what into the Mining industry. We had a great chat about: Shane's Non-Executive Director position for Liontown Resources and what makes Kathleen Valley such an exciting project. Ins and outs of Lithium mining, is it different to other commodities? Entech's role in the Bellevue Gold project and BGL's strive to become net zero. Long term benefits of renewables for project costs Is automation going to make its way Underground? and plenty more Thanks again to Entech for being a great Life Of Mine supporter in 2022 and we look forward to many more yarns with the team in 2023. Give Entech a follow on LinkedIn and check out their website for more information about the services they provide for Mining Engineering, Geotechnical, Ventilation and Resource Geology.

The local market followed in Wall Street's footsteps, with the key index closing Thursday's session 0.64% lower as 8 of the 11 sectors closed the day in the red. A sharp sell-off in materials stocks weighed on the market today following strong than expected unemployment data out in Australia and the US Fed's raising America's cash rate by 50-basis points. Consumer staples stocks outperformed the market today as investors shifted into sectors that perform well during a high interest rate, recessionary environment.The winning stocks today were led by Blackmores (ASX:BKL) lifting almost 8% despite no price sensitive news out of the company today, while New Hope Corporation (ASX:NHC) added 4.66% and Whitehaven Coal (ASX:WHC) added 3.9% today. And on the losing end of the market today, Pilbara Minerals (ASX:PLS) fell 11.43% after the lithium miner announced results of its 12th spodumene concentrate auction via its digital BMX platform with the company selling a combined total of 10,000dmt at an average price of $7552 per dmt. Investors also sold out of Core Lithium (ASX:CXO) and Liontown Resources (ASX:LTR) today as the price of lithium came under pressure.The most traded stocks by Bell Direct clients today were Arafura Rare Earths (ASX:ARU), New Hope Corporation (ASX:NHC) and Pilbara Minerals (ASX:PLS).On the commodities front, crude oil is down 1.13% at US$76.39 per barrel, uranium is flat at US$48.35 per pound, gold is down almost 1% at US$1,791 per ounce and iron ore is trading 0.45% lower at US$110 per tonne.The Aussie dollar is buying 68 US cents, 92.61 Japanese Yen, 55.22 British Pence, and NZ$1.06.Economic data released today included Australia's unemployment rate held steady at 3.4% for November which was above forecasts of a decline to 3.3% while the economy added 64,000 jobs for the month, in another sign the tight labour market remains resilient despite the best efforts of the RBA.

The Aussie share market soared 5.30% this week (Mon-Thu), amid the global rally. US core inflation rate for September will be released on Thursday.  In this week's wrap, Grady covers:(1:59) Why investors find value in lithium and base-metal companies(3:55) The winning sector of the week(5:08) The biggest news on the All Ords this week(5:39) The most traded stocks & ETFs by Bell Direct clients (6:04) Economic news items to watch out for

The Australian market extended last week's rally into this week with the key index closing the session 1.02% higher, boosted by a surge in materials and technology stocks.The best performing stock today was Nickel Industries (ASX:NIC) soared 6.7% after announcing an upgrade to its Hengjaya Mine Resource, increasing the resource from 2.4m tonnes to 3.7m tonnes of contained nickel metal. Gold Road Resources (ASX:GOR) also lifted just over 5% today. Other stocks that investors bought into today included Mineral Resources (ASX:MIN), with shares in the mining services giant soaring to a fresh record high of $74.20 today during the session. The a2 Milk Company (ASX:A2M) also lifted today following its New Zealand-based baby formula producer for the Chinese market, Synlait Milk (ASX:SM1), being granted renewal of its State Administration for Market Regulation licence to continue manufacturing the baby formula for China until 21 February 2023.Investors sharply sold out of Liontown Resources (ASX:LTR) today despite the company announcing it has executed a letter of award with Zenith Energy (ASX:ZEN), one of Australia's leading independent power producers, to supply electricity to its Kathleen Valley Lithium project in Western Australia for a 15-year period. Other losing stocks today included Sims (ASX:SIM) and Lake Resources (ASX:LKE).The top traded stocks by Bell Direct clients today are Pilbara Minerals (ASX:PLS), Fortescue Metals Group (ASX:FMG) and Lake Resources (ASX:LKE).On the economic calendar for tomorrow, investors will gain an insight into just how confident both consumers and businesses are with current market and economic conditions, with Westpac Consumer Confidence data for September out in the morning followed an hour later by the release of NAB's Business Confidence data for August. US Core inflation data for August is also out later tomorrow night.

Our local market closed 0.6% higher on Friday, with materials advancing the most as gold miners extended gains, while energy stocks fell alongside a drop in the oil price. NOVONIX (ASX:NVX) jumped 13.7% and was followed by miners including Liontown Resources (ASX:LTR), Ramelius Resources (ASX:RMS), Silver Lake Resources (ASX:SLR) and Core Lithium (ASX:CXO). Stocks that declined the most on Friday were Megaport (ASX:MP1) and Block (ASX:SQ2).The most traded stocks by Bell Direct clients on Friday were BHP Group (ASX:BHP), Lake Resources (ASX:LKE) and Whitehaven Coal (ASX:WHC). European stocks closed lower with the STOXX 600 closing down 0.8%. Most sectors were in negative territory, with tech stocks down the most, falling 2.4%. A strong US jobs report came in in the US, however it wasn't quite enough to pull markets higher, as the three major benchmarks closed mixed. The labour market added more jobs in July than was expected, and the US unemployment rate dropped to 3.5%, while wage growth rose 5.2% higher than a year ago, signalling that high inflation is still a key concern. The Dow Jones closed just 0.2% higher, while the S&P500 fell 0.2%, and the Nasdaq dropped 0.5%. What to watch today:Following the US, the Australian market is set to open flat this morning. OZ Minerals (ASX:OZL) rejected a takeover proposal by BHP for $8.34 billion, undervaluing the gold and copper miner. The offer was made on Friday – it was a $25 per share offer which was a 32% premium to the stock's last close. So, watch the share price movements of BHP and OZL today.  Reporting season is picking up this week with quite a few companies releasing their earnings results. This morning, rail freight operator Aurizon Holdings (ASX:AZJ) and Suncorp (ASX:SUN) both published their full year results. SUN delivered group NPAT of $681 million, down 34%, impacted by volatile investment markets and elevated natural hazard costs. Home lending was up 9% or $4.1 billion. And SUN announced a final fully franked ordinary dividend of 17 cents per share, representing a 75% payout ratio. AZJ's underlying EBITDA was only 1% lower than the prior comparable period. Cashflow increased 13%, and AZJ announced a final dividend of 10.9 cents per share fully franked. In commodities, the price of oil is lower, heading for an over 9% weekly loss and wiping out the gains triggered by Russia's invasion of Ukraine. Gold is also trading lower as markets react to a strong payroll report in the US. And iron ore continues to drop around worries of China's ropery crisis and steel production cuts. Trading Ideas:Citi have a Buy rating on City Chic Collective (ASX:CCX) with a price target of $3.00. They see potential for long duration international growth underpinned by market share gains. The expected share price return is 35.7%. Trading Central have identified a bullish signal in Resolute Mining (ASX:RSG), indicating that the stock price may rise from the close of $0.30 to the range of $0.34 - $0.35 over 41 days, according to the standard principles of technical analysis. 

A big rally to start the week, reversing Friday's losses. Hopes that US inflation may have peaked, optimism surrounding a turnaround for Chinese property developers and M&A activity locally largely explaining the green on screen. Most sectors posted strong gains, led by technology, energy, materials and financials which rose more than 1.4%. Consumer staples, healthcare and utilities underperformed, reflecting an easing of investor risk aversion. Keeping with the broader turnaround story, many beaten down names were among the top performers with Brainchip, Life360, Pendal and Liontown Resources surging more than 7%. WiseTech Global wasn't far behind, gaining 6.8% as brokers reacted to its guidance upgrade on Friday. EML Payments rose 6.7% after confirming it's been in discussions with potential suitors. Suncorp jumped 5.9% after agreeing to sell its banking division to ANZ. Whitehaven Coal impressed, rising 4.5% following a positive production update. Losers were few and far between. A2 Milk fell 1.8% on a broker downgrade while CSL slipped 1% after rebounding strongly in recent weeks. The S&P/ASX 200 rallied 1.23%, or 81.5 points, to close at 6687.1.Our top three VODs:Commodity volatility and what it means for local energy stocksWegner's buy, hold and sell amid big macro movesInquisitive about the acquisitive See acast.com/privacy for privacy and opt-out information.

Tony Ottaviano is the CEO of Liontown Resources and an experienced mining executive. Topics: The move from the “Big End of Town” to the world of lithium The Kathleen Valley project Going underground Hiring criteria The team Building vs operating The most significant challenges Tony faces The offtake deals – Tesla, LG, and Ford ESG Core values The market Going downstream Rapid fire

Friday well and truly lived up to its 'buy' day reputation. Finishing a solid week, with the S&P/ASX 200 up 0.45% to close at 6678. The materials stacked up again, rising 1.2% on the back of reports China is considering ramping up debt issuance to facilitate increased infrastructure investment. And, after a brutal unwind earlier in the week, big energy was purring once again, helping the broader sector gain 2.1%. Battery material names such as Pilbara Minerals, Novonix, and Liontown Resources climbed between 4.7% to 7.4%. Paladin wasn't far behind with a 5% pop. Outside of energy and materials, most other sectors didn't stray too far from breakeven. Life360 continued to behave like an erratic seismograph, soaring 14.3% to top the individual leader board. At the other end of the spectrum, Orora stumbled 5.9% after a broker downgrade, taking out the gong for worst performer. Embattled wealth manager Magellan dipped 3% after reporting more fund outflows in June.Our top three VODs:WAM'S SMALL SECTOR WHAMMIESWHY CHASING THEMATIC ETFS HAVE FAILEDTHREE TECH STOCKS TO GET YOUR HANDS ON See acast.com/privacy for privacy and opt-out information.

Apple and Google Android users in Australia are suing the tech companies in a class action, claiming their app store practices led to higher prices for consumers. Liontown Resources, Aussie lithium miner, has announced a whopping deal to supply Ford with a crucial electric vehicle battery material. Nike has announced results that were better than expected by pro investors, which just goes to show its big strategy shift is working. --- Build the financial health of your team members at work with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finance --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.

Our local market closed lower yesterday, down 0.9%, snapping its four-day winning streak, with the benchmark ASX200 index on track to finish its worst month since March 2020.Eight of the eleven industry sectors were in the red, with the real estate sector coming under the most pressure, as many property stocks went ex-dividend yesterday. Meanwhile, financials, consumer staples and the energy sector managed to post small gains.One of the best performers was Star Entertainment Group (ASX:SGR) after the company appointed Robbie Cooke as its new CEO and Managing Director. This comes after Tyro Payments (ASX:TYR) announced that Mr Cooke would be stepping down from his role as CEO and Managing Director at Tyro, after nearly five years of leadership. Star Entertainment Group lifted 3.3%, while Tyro fell 17%. And one of the worst performers was Carsales.com (ASX:CAR), which fell about 10%, after returning from its trading halt. The business has successfully raised $842m from its institutional entitlement offer to help fund its acquisition of US-based online vehicle marketplace called Trader Interactive.The most traded stocks by Bell Direct clients yesterday were Fortescue Metals (ASX:FMG), ANZ (ASX:ANZ) and Charter Hall Long WALE REIT (ASX:CLW).In the US, stocks struggled for direction, after heavy falls in the previous session as investors weighed up fresh signs of a looming economic slowdown. So the market closed mixed. The S&P500 and Nasdaq closed slightly lower, while the Dow Jones finished the day up 0.3%.What to watch today:Following the mixed session in the US, our local market is set to open flat if you go by the SPI futures.Moving to commodities, oil prices dipped, snapping its three-day winning streak with tight supply worries not enough to outweigh concerns about a weaker global economy. The WTI Crude oil price currently trades at US$109 a barrel. The gold price fell slightly, trading at US$1,818 an ounce, and the spot iron ore price is trading up 2.5% at US124 a tonne.Australian industrial company, CSR (ASX:CSR) is holding its AGM today.If you hold KMD Brands (ASX:KMD), Kelly Partners Group (ASX:KPG) or Plato Income Maximiser (ASX:PL8), you will receive your dividend payment today.There are a number of ETFs going ex-dividend today, including ETF Securities' FANG ETF, i.e. Facebook, Amazon, Netflix, Google, as well as ETF Securities' ACDC ETF, which offers investors exposure to the EV megatrend.Trading Ideas:Bell Potter has maintained its Speculative Buy rating on Liontown Resources (ASX:LTR) with a $2.87 price target. LTR has announced a Final Investment Decision (FID) for its flagship hard-rock lithium project in Western Australia, which Bell Potter believes highlights the LTR team's strong capability in advancing Kathleen Valley in a market experiencing volatility. The company is also in a strong strategic position in a market for lithium facing supply shortages. At its current share price of $1.12, this implies 156% share price growth in a year.Trading Central has a bearish signal on Nine Entertainment (ASX:NEC) indicating that the stock price may fall from the close of $1.90 to the range of $1.56 - $1.62 in the next 8 days according to standard principals of technical analysis. 

Bear market bounce? Winning streak? Whatever it was, it's over with the benchmark index putting in a soggy hump day performance, mirroring that of the broader region. Most sectors finished in the red. There was some offset with financials, energy and staples adding between 0.1% to 0.3%. While there was no rhyme or reason to explain the sectorial performance, there was a clear tilt towards quality with the S&P/ASX 20 easing 0.4% while the S&P Small Ordinaries tumbled 2.7%. The larger they are, the softer they fall? At the individual level, Liontown Resources topped the scoreboard, rising 6.1% after announcing an offtake agreement with Ford and approval of new mine which will be partly funded by the automaker. Star Entertainment wasn't far behind, climbing 2.8% after announcing Robbie Cooke will join as CEO. His current employer, Tyro Payments, didn't fare so well, slumping 17.2%. Ya win some, ya lose some. The S&P/ASX 200 slid 0.94%, falling 63.4 points to close at 6700.2.Our top three VODs: Don't be a market hero right nowGet off the bench, play market defenseWhere does the economy go from here? See acast.com/privacy for privacy and opt-out information.

Our local market closed started the new trading week and final week of the financial year with a solid gain of 1.9%, supported by a strong rebound in bank stocks. All eleven industry sectors posted gains, with the financials, energy, tech, and consumer discretionary sectors all gaining more than 2%. Imugene (ASX:IMU) jumped a massive 46% after the company reported positive survival rates amongst advanced gastric cancer patients treated with HER-Vaxx. Also performing well were lithium stocks like Core Lithium (ASX:CXO), Liontown Resources (ASX:LTR), Lake Resources (ASX:LKE) and Allkem (ASX:AKE). While the worst performers yesterday included Evolution Mining (ASX:EVN), Northern Star Resources (ASX:NST) and Ramelius Resources (ASX:RMS).The most traded stocks by Bell Direct clients yesterday were Sims (ASX:SGM), Woolworths (ASX:WOW) and CSL (ASX:CSL). In the US, all three benchmarks started the new trading week in the red, with tech and consumer names coming under pressure, while the energy sector managed to gain 2.8%.   What to watch today:Following the negative session in the US, our local market is set to open slightly lower this morning if you go by the SPI futures.KFC owner, Collins Foods (ASX:CKF) is set to release its full year results for 2022 today. No guidance has been given, but the market will be looking for further growth after its positive first-half report.  In commodities, oil prices traded higher on the prospect of even tighter supplies, as the Group of Seven nations examine a new package of actions aimed at increasing pressure on Russia over its war in Ukraine. The gold price fell on a weaker dollar as recession fears continue. The nickel price took a hit, dropping 6.8% and the spot iron price is trading lower at US$116 a tonne.  If you hold Champion Iron (ASX:CIA) or GQG Partners (ASX:GQG), you will receive your dividend payment today.Bindi Metals will be debuting on the ASX today. It will be trading under the ticker code BIM.Trading Ideas:Citi have upgraded its rating on Iluka Resources (ASX:ILU) from a Sell to a Buy and have maintained its price target at $10.25. The upgrade is due to its share price correction and Citi's view that China's property starts are now near their low. At its current share price of $9.25, this implies 13.5% share price growth in a year.Trading Central has a bullish signal on Aristocrat Leisure (ASX:ALL) indicating that the stock price may rise from the close of $34.80 to the range of $39.75 - $40.75 in the next 43 days according to standard principals of technical analysis.  

Week-to-date, the ASX200 gained 0.78%, with energy and materials gaining the most, while utilities declined. Last Friday was a positive session, with the ASX200 closing 0.9% higher, led by the materials and tech sectors, which each advanced more than 2%. The major miners gained the most on Friday, boosted by demand for iron ore and well as a lithium stocks, which extended their rebound after Wednesday's sell-off. The best performers were Champion Iron (ASX:CIA), Pilbara Minerals (ASX:PLS), Gold Road Resources (ASX:GOR), Liontown Resources (ASX:LTR) and Nickel Mines (ASX:NIC). And the worst performer was healthcare company Healius (ASX:HLS), following an update that revealed its EBIT came in just under $100 million, compared to first half EBIT of $376 million. The most traded stocks by Bell Direct clients on Friday were Lake Resources (ASX:LKE), Fortescue Metals (ASX:FMG), Whitehaven Coal (ASX:WHC), BHP Group (ASX:BHP) and Commonwealth Bank (ASX:CBA). Overseas, European and US equities declined, following the release of a stronger-than-expected jobs report and its implication for monetary policy moving forward. The latest jobs report saw that hiring in the US remained elevated in May, however the sell-off was likely a reaction to fears that the Fed will be tightening monetary policy. The benchmark 10-year Treasury yield climbed after the report, above 2.9%. Investor fears around higher rates are around the possibility that it could cause an economic slowdown that could lead to a recession, and higher yields also discount the value of future earnings, making some stocks, like tech, less attractive. The Dow Jones closed 1.05% lower, the S&P500 down 1.6% and the Nasdaq down 2.5%. What to watch today:Following Wall Street, the Australian share market is set to fall 0.44% at the open this morning, going by the SPI futures.Today watch the share price movements of Liontown Resources (ASX:LTR), which is due to release an update to the market on its lithium agreement with Tesla. In economic data, today investors may be trading cautiously, with all focus on the RBA's policy meeting tomorrow, as well as the European Central Bank meeting on Thursday. In commodities: The oil price rallied after OPEC delivered a modest increase in output, deciding to increase production by 648,000 barrels per day in July and August, instead of 432,000 barrels per day previously. This was seen as insufficient to compensate for Russia's lost supply, as the European Union's ban on Russian oil kicks in. And Russian output has dropped by 1 million barrels per day since the invasion of Ukraine. On the other hand, the gold price extended losses, following the US jobs report, while seaborne iron ore is rising higher.Companies going ex-dividend today include ALS Limited (ASX:ALQ), Champion Iron (ASX:CIA) and Incitec Pivot (ASX:IPL). Trading Ideas:Bell Potter maintain their Buy rating on Accent Group (ASX:AX1), with a $2.20 price target. The company is a footwear and sports clothing retailer and are investing in its store rollout and customer engagement, particularly for vertical brands. Bell Potter sees these higher margin sales to likely become a major driver of margin improvement and earnings growth. And AX1 last closed at $1.34, implying 64.8% share price growth in a year. Trading Central have identified a bullish signal in AMP (ASX:AMP), indicating that the stock price may rise from the close of $1.12 to the range of $1.24 to $1.26 over 21 days, according to the standard principles of technical analysis. 

Up 0.9% on the day and 0.8% on the week. It was a broad based day of gains with ten out of eleven sectors ending the day on a positive note. Why choose between value and growth? Have a bit of both! Materials and IT did the lion's share to lift the local index. Champion Iron making its mark to end the week - up more than 8%. Gold Road and Liontown Resources rounded out a commodities heavy top three. Healius slumped after a disappointing guidance update and Domino's got burned 3.6%. As we bookend the week in Aussie market, all of this will be out of date (potentially) when the US jobs data drops.Our top three VODs:Unloved sectors could be strong buying opportunitiesGo big with this buy, hold and sellFrom the top to the bottom See acast.com/privacy for privacy and opt-out information.

The Aussie share market fell slightly this week, down 0.1% (Mon-Thu), with utilities, tech and financials coming under pressure.In this week's wrap, Sophia covers:(0:10) Lithium stocks falling deep in the red(2:02) Why a2 Milk Company (ASX:A2M) gained 9%(2:55) Catapult Group (ASX:CAT) declining after disappointing results(3:20) The most traded stocks & ETFs by Bell Direct clients(3:50) Two economic news item to watch out for

Yesterday, the Aussie share market started the month of June with a gain of 0.3% or 22 points, despite a huge lithium sell-off.The market was mixed. The communication services sector advanced the most, while the utilities sector fell a massive 5.3%.  Looking at the ASX200 stock leaderboard, lithium miners, like Pilbara Minerals (ASX:PLS), Liontown Resources (ASX:LTR) and Allkem (ASX:AKE) were amongst the worst performers, all falling over 15%. This is due to three key factors: Firstly, Goldman Sachs have warned of a “sharp correction” in lithium prices in the next two years, secondly, customs in Argentina have set a reference price to stop ‘irregularities” and thirdly, Chinese EV giant BYD signalled plans to buy six African lithium mines. Meanwhile, the best performers yesterday included Fortescue Metals (ASX:FMG), Telstra (ASX:TLS) and TPG Telecom (ASX:TPG).Looking at the US, Wall Street started the month of June lower, amid worries about the health of the economy. All three benchmarks were in the red, with the Dow dropping nearly 200 points, the S&P500 falling 0.75%, and the tech-heavy Nasdaq down 0.72%. What to watch today:Following the negative session in the US, our local market is set to fall this morning if you go by the SPI futures. The futures are suggesting a drop of 0.76% at the open.Economic news wise, today we'll get the latest data on Australia's trade surplus for April, and the market is forecasting $9 billion trade surplus for the month. Keep watch of Pilbara Minerals (ASX:PLS), who have announced its new CEO. According to its release, the business will be promoting its chief operating officer, Dale Henderson to the CEO role. Moving to commodities: The oil price rose as the European Union leaders agreed to a phased ban on Russian oil, and as China ended its COVID-19 lockdowns in Shanghai. The gold price also lifted from its two-week low, as investors looked towards the safe-haven asset amid worries over an increase in inflation. However, a stronger dollar and higher US yields kept gains in check. The seaborne iron ore price is trading 2.6% higher at US$137 a tonne. TechnologyOne (ASX:TNE) is set to go ex-dividend today. Trading Ideas:Bell Potter have maintained its Buy rating on building company, Johns Lyng Group (ASX:JLG), with a reduced price target, from $8.70 to $7.50. Bell Potter's favourable view on JLG is supported by the business being the category leader in Australia, its scalable business model, strong cash flow, as well as its opportunities in the US. Now, at its current share price of $5.92, this implies 26% share price growth in a year.Trading Central has a bearish signal on Mineral Resources (ASX:MIN) indicating that the stock price may fall from the close of $58.70 to the range of $47 - $50 in the next 16 days according to standard principals of technical analysis.  

The local market fell 0.3% or 20 points lower yesterday to close at 7,128 points.The tech sector came under quite a bit of pressure, falling 3% after US tech stock Snapchat, plunged in after-hours trading. We'll touch on Snapchat in just a bit. The rest of the sectors closed in the red, except for the real estate and financial sectors, both closing around 0.3% higher, with all four of the big banks closing higher. Some of the best performers yesterday included Allkem (ASX:AKE), Pilbara Minerals (ASX:PLS) and Liontown Resources (ASX:LTR), all benefitting amid optimism that lithium demand will continue to outstrip supply for some time to come. While the worst performers included Nufarm (ASX:NUF), Imugene (ASX:IMU) and City Chic Collective (ASX:CCX). The most traded stocks by Bell Direct clients yesterday, they included Grange Resources (ASX:GRR), which rose 5.6% yesterday, following the strength in the iron ore price. Also highly traded was Lake Resources (ASX:LKE), BHP Group (ASX:BHP) and Commonwealth Bank (ASX:CBA).Moving to the US, the market was mixed. The Dow Jones managed to claw back its early losses and rally into the close, boosted by UnitedHealth Group, as well as McDonald's, Verizon, and IBM. While the S&P500 fell 0.8% and the Nasdaq dropped over 2% after Snapchat plummeted 43%. The social media company's shares fell as it warned that it was bracing to miss its earnings and revenue targets in the current quarter. So this led to other tech companies, like Meta, Alphabet, Amazon, and Apple leading the day's losses as investors feared a slowdown in digital advertising. What to watch today:Following the mixed session in the US, the SPI futures are suggesting that our local market is set to open 0.1% higher this morning.Reporting wise, ALS (ASX:ALQ) and Fisher & Paykel Healthcare (ASX:FPH) will be releasing their full-year results and dividend today. Moving to commodities, the oil price traded flat as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs. The gold price gained as the US dollar fell, therefore boosting the safe-haven asset's appeal. And the spot iron ore price trading 4.8% higher to US$132 a tonne.One company debuting on the ASX today is Bellavista Resources. Bellavista is a mineral exploration company, targeting large, high-grade base metal and battery mineral deposits in WA. It will be trading under the ticker code BVR. Alumina (ASX:AWC) and Costa Group Holdings (ASX:CGC) are holding their AGMs today. Trading Ideas:Bell Potter have maintained its Buy rating on software company, TechnologyOne (ASX:TNE) with an increased price target from $12.50 to $12.75. TNE provided financial year 2022 guidance of 10-15% profit after tax growth, as expected. The company also said it expects SaaS or Software as a Service annual recurring revenue growth for the full year to be more than 40%, with initial licence fees to be down from financial year 2021. At its current share price of $10.24 this implies about 25% share price growth in a year. Trading Central has a bullish signal on lithium business, Liontown Resources (ASX:LTR) indicating that the stock price may rise from the close of $1.33 to the range of $1.54 - $1.60 in the next 22 days according to standard principals of technical analysis.  

Sell in May and go away. Well it's not May just yet, but investors must want to get in early! The local market dived from the outset, spurred in part by the China-led rout yesterday. Energy and materials sunk from the open. It was the kind of day that no matter the corporate news, stock prices are down across the board. Bottom of the ladder is EML Payments after a “challenging” update, closed down a whopping 38%. In a sign of ‘baby out with the bathwater' even market darlings Liontown Resources and Mineral Resources took a beating. The long-awaited CPI report is released tomorrow - will it bring the RBA out of hiding? In a day when the phone best be put down, the S&P/ASX200 shed 155 points, or 2.1%.Our top three VODs: What's the best wealth platform of them all?Good places to park your money at the momentWhy it's a "narrow runway" for the RBA See acast.com/privacy for privacy and opt-out information.

All sectors except real estate, consumer staples and utilities finished lower. Information Technology was hammered, following the weak Nasdaq lead. It skidded 3.4%, outpacing declines of more than 1.3% for energy and consumer discretionary. On the macro front, Westpac's Bill Evans now sees the RBA hiking in June. The Fed continues to talk tough on inflation. Neither helped long duration names today. Novonix, Liontown Resources, WiseTech Global, Life360 and Pointsbet slumped more than 5.8%. Plus-sized women's fashion retailer City Chic was hung on the sales rack, sliding 6.4%. There were some winners on the day. Magellan jumped 9.7% on signs outflows may be slowing. Paladin gained 2.6% following a placement. Among the small caps, Ardent Leisure popped 5.8% after offloading its Main Event business. The S&P/ASX 200 closed 0.6% lower at 7442.8, extending its decline for the week to 0.7%. Let's see what Friday brings.Our top three VODs: A stock pick for rising rates (that isn't a bank)We haven't reached peak Fed hawkishness yetHealthcare stocks: the 'good, the great & the ugly' See acast.com/privacy for privacy and opt-out information.

The local market advanced 0.2% higher yesterday, losing some of its steam in the afternoon when the RBA suggested an interest rate rise could be imminent. While the cash rate was kept at its historic low of 0.1%, many economists believe there will be an increase later this year, some expecting it to come as early as June. The Government's cost of living packages announced in the Federal Budget last week added further fuel to the fire that interest rates could rise. Sectors wise, all sectors were in the green, with the tech sector and energy sector gaining the most. The local tech sector took a strong lead from Wall Street, where the Nasdaq lifted nearly 2% higher on news that Elon Musk had acquired a 9.2% stake in Twitter. Meanwhile the materials, real estate and industrials sectors posted losses. Looking at the ASX200 leaderboard, tech names like Block (ASX:SQ2), NOVONIX (ASX:NVX), Xero (ASX:XRO) and Altium (ASX:AU) were amongst the best performers. Mineral Resources (ASX:MIN) jumped 5.7% after announcing it had agreed with its joint venture partners to increase production in its spodumene mines in WA, their response to the huge global customer demand for lithium. On the flipside, the worst performers yesterday included AVZ Minerals (ASX:AVZ), Liontown Resources (ASX:LTR) and Lynas Rare Earths (ASX:LYC).The most traded stocks by Bell Direct clients yesterday included Temple & Webster (ASX:TPW), Core Lithium (ASX:CXO) and NOVONIX (ASX:NVX). Moving to the US, all three benchmarks closed in the red, with the Nasdaq down the most. This comes as the US Federal Reserve indicated that the central bank could take a more aggressive approach to its tightening policy. This saw tech stocks decline, while sectors like utilities and healthcare pushed higher. Also, the Biden administration on Wednesday is set to announce additional sanctions targeting Russian financial institutions. What to watch today:Following the pullback in the US, the futures are suggesting that the Aussie share market is set to open 0.64% lower this morning.  In commodities, the oil price fell on worries that new COVID cases could slow demand. The gold price also fell following the Fed's hawkish outlook which offset safe-haven demand. And the spot iron ore price is trading flat at US$154 a tonne.Keep watch of Coles (ASX:COL) today amid reports that Wesfarmers (ASX:WES) has sold a $500 million stake in the supermarket giant. Trading Ideas:Bell Potter have maintained its BUY rating on Allkem (ASX:AKE) and have a price target of $18.05. AKE closed 0.83% higher yesterday to $13.42, which implies about 35% share price growth in a year. Trading Central has a bullish signal on Temple & Webster (ASX:TPW), indicating that the stock price may rise from the close of $7.05 to the range of $8.10 - $8.40 in the next 32 days according to standard principals of technical analysis. 

 Investors played it safe yesterday and traded cautiously, following the news that Germany is pushing for discussions with the European Union to ban Russian gas imports. This may lead to energy rationing in Europe and would push prices higher. The market closed slightly higher yesterday, with utilities, materials and tech making the most gains. It was a profitable session again for mining stocks: BHP Group (ASX:BHP), Fortescue Metals (ASX:FMG) and Rio Tinto (ASX:RIO) were all in the green. And lithium miners such as Allkem (ASX:AKE), Mineral Resources (ASX:MIN), Liontown Resources (ASX:LTR) and Pilbara Minerals (ASX:PLS) were all higher. Gold miners also gained, even while the gold price was lower. Financials closed 0.3% lower yesterday, as the four major banks lost ground. While Magellan Financial Group (ASX:MFG) is finally picking back up again, yesterday reaching a 1-month high. Its shares lifted with help from the biggest mover on the ASX200 yesterday, investment manager Pendal Group (ASX:PDL), which rose 18% after receiving a $2.4 billion takeover bid from Perpetual. Perpetual's share price however, declined the most yesterday. Iluka Resources (ASX:ILU), also gained following the approval of its $1.2 billion refinery in Eneabba in Western Australia, and this will be the first fully integrated, rare earths separation facility in Australia. The most traded stocks by Bell Direct clients yesterday included Commonwealth Bank (ASX:CBA), Core Lithium (ASX:CXO), Pilbara Minerals (ASX:PLS) and NOVONIX (ASX:NVX). Overnight, US equities were in the green. The Dow was up 0.3%, the S&P500 up 0.8%, while the Nasdaq rallied 1.9%. What to watch today:Off the back of a strong rally across global markets, the Australian market is set to rise 0.67% at the open this morning, according to the SPI futures. In economic data, at 2:30pm today (AEST), the RBA will announce its interest rate decision, which is expected to remain unchanged at 0.1%. In commodities, the oil price is trading more than 4% higher, with the possibility of more sanctions on Russia. Seaborne iron ore has extended its gain. And the gold price is also higher, following last week's fall. Trading Ideas:Bell Potter maintain their Speculative Buy rating on De Grey Mining (ASX:DEG) and have lowered their valuation to $1.72. Bell Potter also have Hold rating on Gold Road Resources (ASX:GOR) with a $1.70 price target, and a Speculative Hold rating on DGO Gold (ASX:DGO) with a valuation of $4.37. Trading Central have identified a bullish signal in Black Rock Mining (ASX:BKT), indicating that the price may rise from the close of $0.27 to the range of $0.31 to $0.33, over 35 days, according to the standard principles of technical analysis. 

The local market was back in the green yesterday, up 0.9% with the materials and energy sectors boosting the market. Overall, the market was mixed, with six of the 11 industry sectors closing lower, with the tech sector down the most.Looking at the ASX200 leaderboard, Liontown Resources (ASX:LTR) was the best performer, up 6.3%, followed by AVZ Minerals (ASX:AVZ) and BHP Group (ASX:BHP), which added 5.1%. Computershare (ASX:CPU) posted a solid gain of 4.3%. One of the tailwinds helping Computershare recently is the outlook for rising interest rates, which will help increase its margins. On the flipside, tech shares were amongst the worst performers, with Block (ASX:SQ2) and Life360 (ASX:360) giving up some of their gains from the prior session. The most traded stocks by Bell Direct clients yesterday, they included Commonwealth Bank (ASX:CBA), Woodside Petroleum (ASX:WPL) and Allkem (ASX:AKE). Moving to the US, as at the time of recording, all three benchmarks are in the green as investors digest Federal Reserve Jerome Powell's latest rate hike comments. Goldman Sachs on Monday upped its forecast to 50 basis point hikes at the May and June Fed meetings.What to watch today: The futures as at 7:30am AEDT, are suggesting that the Aussie share market is set to open 0.4% higher this morning.  Economic news wise, the manufacturing and services flash PMI for March will be released today. PMI stands Purchasing Managers' Index which is essentially an index of the prevailing direction of economic trends in the manufacturing and service sectors. The flash PMI today is a forward-looking estimate of the final PMI, which is set to be released next week.In commodities, the oil price was mixed, currently trading down about 0.8%. It now looks unlikely that the European Union will pursue an embargo on Russian oil.  The gold price slipped to a near one-week low off the back of Federal Reserve Jerome Powell's hawkish stance, which sent Treasury yields higher. Now gold is highly sensitive to rising US interest rates, as they increase the opportunity cost of holding non-yielding bullion.Seek (ASX:SEK), Myer Holdings (ASX:MYR) and Supply Network (ASX:SNL) are set to go ex-dividend today. Trading Ideas:Bell Potter have maintained its BUY rating on Nickel Mines (ASX:NIC) and have lifted its price target by 7% to $1.88. The comes as PT Oracle Nickel Industry, the operating entity housing the Oracle Nickel RKEF project, has been granted material corporate tax relief. This removes an expense of ~US$50 million per annum from its estimates for ten years. Now NIC closed about 1.5% higher yesterday to $1.29, which implies about 46% share price growth in a year. Trading Central has a bullish signal on Pilbara Minerals (ASX:PLS), indicating that the stock price may rise from the close of $3.00 to the range of $3.40- $3.55 in the next 24 days according to standard principals of technical analysis. 

Last week ended on a positive note, as Aussie shares closed higher for the third straight session, closing 0.6% on Friday, and lifting its weekly gain by 3.3%. The energy sector led the market after the oil price rose 9%, while the tech sector followed. The technology sector was led by Block (ASX:SQ2), which rose 7.2% to $168.88. Liontown Resources (ASX:LTR), Paladin Energy (ASX:PDN) and Telix Pharmaceuticals (ASX:TLX) were among the top performers, while Megaport (ASX:MP1) fell 8%, following news that its founder and chairman, Bevan Slattery, had sold $3 million MP1 shares. The most traded stocks by Bell Direct clients on Friday included Lake Resources (ASX:LTR), Core Lithium (ASX:CXO) and BHP Group (ASX:BHP). US stocks posted their best week since 2020. The Dow rose more than 270 points or 0.8%, the S&P500 rose 1.1% and the Nasdaq rose 2.05%. What to watch today:Following the rally on Wall Street, the local market is set to rise 0.81% at the open this morning, going by the SPI futures. In commodities, oil is trading 2% higher at US$104.95 a barrel, after a 8% rally in the previous session. Gold weakened past US$1,940 an ounce. And seaborne iron ore is higher at US$159.59 a tonne. Adairs (ASX:ADH) and NRW Holdings (ASX:NWH) are set to go ex-dividend today. Trading Ideas:Bell Potter maintained their BUY rating on The a2Milk Company (ASX:A2M) and have lowered their price target from $7.70 to $7.15. They expect the scope for EPS to double by FY26, if the company can execute on its China offline expansion strategy, while regaining 50% of the lost sales in its English label IMF, from FY20-21. A2M last closed to $5.40, implying 32.4% share price growth in a year. Trading Central have identified a bullish signal in AVZ Minerals (ASX:AVZ), indicating that the price may rise from the close of $0.92 to the range of $1.20 to $1.28, over 68 days. 

The ASX200 advanced 1.1% yesterday, powered by strong earnings results from companies like CSL (ASX:CSL), Treasury Wine Estates (ASX:TWE) and Vicinity Centres (ASX:VCX). The gains managed to offset losses from major resource stocks, following falls in both iron ore and oil prices. Sectors wise, the healthcare sector led the way, supported by CSL's strong gain, while the materials and energy sectors posted small losses.  Liontown Resources (ASX:LTR) jumped an impressive 18% yesterday, after it was announced that the company would supply Tesla with more than 100,000 tonnes of lithium spodumene concentrate a year. That's LTR's second major contract in two months. And six of the other best performers were companies that reported results. Meanwhile, Netwealth (ASX:NWL) came under pressure yesterday. Its share price fell nearly 10% after its results release disappointed the market. The biggest surprise was its higher-than-expected costs on new staff and technology.The three most traded stocks by Bell Direct clients yesterday were CSL (ASX:CSL), BHP Group (ASX:BHP) and Senex Energy (ASX:SXY).Moving to the US, the market was mixed, the S&P500 managed to close slightly higher, while the Dow Jones and Nasdaq both closed slightly lower. During the session, the minutes from the Fed's January meeting were released, which to investors relief, didn't indicate that the Fed would move any faster than already expected in hiking interest rates.Following the mixed session on Wall Street, the futures are suggesting the Aussie share market will open slightly higher this morning. What to watch today:In commodities, the gold price managed to gain 1% as the Russia-Ukraine tensions remain high. The oil price was trading higher, but is now trading down over 1% to US$90 a barrel. The lithium price is trading up 1.3% and the platinum price is also up 3.6%. While the seaborne iron ore price is trading 1.8% lower to US$142 a tonne. Economic news wise, the unemployment rate for January will be released today. As a reminder, the unemployment rate came in at 4.2% in December, which was the lowest rate in more than 13 years. And the RBA recently stated that the unemployment rate could fall to 3.75% by the end of 2023, which would be the lowest rate since 1974. So keep watch today at 11:30am AEDT. Reporting season: Today we'll hear from companies including Wesfarmers (ASX:WES), Telstra (ASX:TLS), Whitehaven Coal (ASX:WHC), Magellan Financial Group (ASX:MFG), Newcrest Mining (ASX:NCM) and Goodman Group (ASX:GMG). GrainCorp (ASX:GNC) is holding its AGM today, while GPT Group (ASX:GPT) is set to go ex-dividend today.Trading Ideas: Bell Potter have maintained its HOLD rating on Fortescue Metals (ASX:FMG) and have increased their price target to $19.09 (previously $18.33). Bell Potter stated that FMG's result yesterday was in-line or marginally below its expectations. And despite the cut to its interim dividend, it's important to recognise that it was in fact FMG's second highest ever. Bell Potter also noted that the key to closing the gap for them to upgrade FMG to a BUY remains with Fortescue Future Industries. While FFI is critical to helping FMG achieve its objective of decarbonisation by 2030, its value accretion and optionality added to the core business cannot be quantified. Trading Central has a bullish signal on Scentre Group (ASX:SCG), indicating that the stock price may rise from the close of $3.15 to the range of $3.53 - $3.63 in the next 30 days according to standard principals of technical analysis.

Australian lithium miner, Liontown Resources, has secured a 5 year deal with Tesla to supply 100,000 tonnes of lithium per year.   Treasury Wine Estates, the owner of Penfolds, has seen net profits drop by 7.5% thanks to Chinese tariffs - so now they're heading to other Asian countries.   Airbnb's revenue grew 78% to $2.1 billion in the last 3 months, thanks to the major shift to remote work.   ---   Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free: https://bit.ly/fluxcreditscore Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://www.tiktok.com/@flux.finance   ---   The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.

Tesla has signed a supply deal with Australia's Liontown Resources, so hear from James Gerrish from Shaw and Partners about Australia's role in clean energy, plus why the nation's housing market may be in for a soft landing.

Yesterday, the Aussie share market managed to claw back some of its losses from Friday, gaining 0.37%. Leading the gains were oil and gold stocks, following escalating fears of a Russian invasion of Ukraine. Looking at the sector performances, only six out of 11 sectors closed higher. The energy sector gained the most, up over 3%, while the healthcare sector declined 1.4%.  Gold miners dominated the leaderboard, including Regis Resources (ASX:RRL), Evolution Mining (ASX:EVN), and Northern Star Resources (ASX:NST). The best performing stock on the ASX200 was Beach Energy (ASX:BPT), up an impressive 9.4%, after the company reported a solid first-half result, which included a 26% increase in EBITDA to $513 million. Meanwhile, the worst performing stocks were NOVONIX (ASX:NVX), Imugene (ASX:IMU) and Liontown Resources (ASX:LTR), all falling over 7%. The most traded stock by Bell Direct clients yesterday was JB Hi-Fi (ASX:JBH). The company released strong half-results yesterday, and announced a $250m share buyback, which sent its share price up 5.4%. Bell Potter maintain their HOLD rating on the stock but have increased its price target to $51.85, from $49.60.In the US, all three benchmarks closed lower, as investors evaluate concerns about the Fed's next plan for interest rate hikes, as well as the tensions between Russia and Ukraine. And earnings results are expected to ramp up again this week, with Nvidia, Walmart, Shopify and more scheduled to report.Following the negative session on Wall Street, the futures are suggesting the Aussie share market will open 0.9% lower this morning. What to watch today:In economic news, the RBA will release its meeting minutes for February. The RBA is currently relatively dovish on rate hikes as local inflation is not as out of control as in the other major economies. Reporting season: It's a big week of results and today, the biggest company on the ASX, BHP Group (ASX:BHP) will release its half-year results. Stay tuned for our separate video where we'll take you through the highlights. Some other companies reporting today include Ansell (ASX:ANN), Dexus (ASX:DXS), Sims (ASX:SGM), Adore Beauty (ASX:ABY), Elmo Software (ASX:ELO) and Seek (ASX:SEK).Computershare (ASX:CPU) is set to go ex-dividend today. In commodities, the oil price hit 7-year highs, boosted by Russia and Ukraine's tensions. The oil price is currently trading at about US$95 a barrel. And in a similar tale, the gold price also gained and is trading about 0.6% higher to US$1,872 an ounce. The lithium, palladium and silver price are all trading higher, while the seaborne iron ore price is trading 0.5% lower to US$150 a tonne. Trading Ideas:Bell Potter have maintained its BUY recommendation on Mineral Resources (ASX:MIN) and have increased its price target by a modest 20% to $61.35. Bell Potter believe MIN's recent financial results were significantly impacted by the large decline in realised iron ore prices, however highlighted that the business made strong progress in the quarter towards its strategic goals, including expanding its iron ore export capacity, evolving its iron ore business to a low-cost base that will make it resilient to low iron ore price environments, and lastly, MIN's ability to capture the downstream margins in its lithium business. As for other broker's ratings on MIN, Macquarie have an Outperform rating with a $70 price target, while Ord Minnett have a SELL rating and $45 price target. Trading Central has a bullish signal on Westgold Resources (ASX:WGX). This signal indicates that the stock price may rise from the close of $2.03 to the range of $2.29 -$2.35 in the next 40 days, according to standard principles of technical analysis. 

On Friday, the local market ended a three-week losing streak, with 10 of the 11 industry sectors rising higher. The ASX200 gained 0.6% on Friday, as reporting season kicked off.Liontown Resources (ASX:LTR) gained over 6%. After the market close on Thursday, the company announced the completion of its share purchase plan (SPP). News Corp (ASX:NWS) reporting its highest earnings since its separation from 21st Century Fox in 2013. NWS gained 5.7%. Meanwhile, Seek (ASX:SEK) declined the most, after Goldman Sachs reiterated its SELL rating and decreased its price target by 15% to $27.30.  The most traded stock by Bell Direct clients was Seven West Media (ASX:SWM). On Friday, UBS reiterated its BUY rating on SWM, with a $0.95 price target. Other highly traded stocks included a few ETFs, such as HLTH, VAS and VETH. While clients also traded CSL (ASX:CSL), BHP Group (ASX:BHP), Australia and New Zealand Banking Group (ASX:ANZ), BrainChip (ASX:BRN), Westpac (ASX:WBC) and Adelaide Brighton Cement (ASX:ABC).In the US, we saw Facebook suffer the largest share market hit, by value and points, in market history. Facebook's parent company Meta's stock price fell by 27% in one day, equivalent to over US$230 billion in lost value. In the following session on Friday, the tech sector recovered the losses led by Facebook, by a 13.5% surged in Amazon. Amazon reported strong quarterly earnings, which also saw the company largest one-day gain since 2015. The S&P500 and the Nasdaq ended their best week of the year, while the Dow Jones closed slightly in the red.The SPI futures are suggesting the ASX200 will fall 0.58% at the open.What to watch today:The oil price has surged higher, trading at US$91.93. US crude prices hit their highest price since September 2014, at US$93 per barrel, following a large storm that swept across the US and disrupted some oil production in the Permian Basin region. Additionally, OPEC stuck to its plan to gradually release more barrels into a strengthening market.The price of gold is trading higher at US$1,807 an ounce.While the seaborne ire ore price is lower at US$145 a tonne.Australia and New Zealand Banking Group (ASX:ANZ) and James Hardie (ASX:JHX) will report their quarterly results, and Argo (ASX:ARG) and Imdex (ASX:IMD) will report their half year results.Iron ore miner Champion Iron (ASX:CIA) is set to go ex-dividend today.Trading Ideas:Bell Potter have upgraded Pro Medicus (ASX:PME), a leading heath imaging IT provider, from a HOLD to a BUY, and have amended their price target to $55 from $62. The broker expects PME to deliver strong earnings growth at the upcoming reporting. PME last closed at $45.58, implying 20.7% share price growth in a year.Trading Central have identified a bullish signal in Australian Clinical Labs (ASX:ACL), indicating that the stock price may rise from the close of $5.08 to the range of $6.00 to $6.20, within 17 days, according to the standard principles of technical analysis.

Yesterday the ASX was closed for the Australia Day Public Holiday. On Tuesday however, Australian shares tumbled and the ASX200 closed 2.5% or 177.9 points lower. This was the second biggest sell-off this year, with an inflationary shock as CPI came in ahead of consensus and fears about higher interest rates, as well as the invasion of Ukraine. All sectors were in the red, with energy declining the most. The best performer was Codan (ASX:CDA), a manufacturer and supplier communications equipment. Its share price advanced 16.9% after reporting a record first-half result. Revenue increased 32% and net profit increased 21%. Meanwhile, miners Liontown Resources (ASX:LTR) and Chalice Mining (ASX:CHN) were the worst performers on Tuesday. The most traded stocks by Bell Direct clients on Tuesday included major banks National Australia Bank (ASX:NAB), Australia and New Zealand Banking Group (ASX:ANZ) and Westpac (ASX:WBC). Followed by CSL and Telstra (ASX:TLS). European stocks closed higher as investors waited for the latest monetary policy announcement from the US Federal Reserve. However, US equities fell in a volatile session after the Federal Reserve Chairman Jerome Powell said there is “quite a bit of room” to raise interest rates before it would harm the economy. Traders took the comments to mean the central bank may be aggressive in tightening policy, and the benchmark 10-year Treasury yield climbed over 1.8%. The Fed has now signalled that it could start raising interest rates in March. The central bank said in a statement that “with inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” Following Wall Street, the SPI futures are suggesting the local market will fall 0.3% at the open. What to watch today:The oil price extended gains, trading above US$87 a barrel on Wednesday, the highest since October 2014. Investors remain concerned about supply and the possibility of energy disruptions if Russia is to invade Ukraine. The price of gold has tumbled, trading below US$1,820 an ounce, amid a stronger dollar after Powell's comments. The seaborne iron ore price is trading above US$129 a tonne. In economic data, on Tuesday Australia's consumer price index for the December quarter surged 3.5% year-on-year, ahead of consensus and the RBA's own forecasts. And today, import and export prices will be released at 10:30am AEDT. Trading Ideas:Bell Potter maintain their BUY rating on Australia and New Zealand Banking Group (ASX:ANZ), and have increased their price target from $30 to $31. ANZ last closed at $26.77, implying 11.6% share price growth in a year. Trading Central have identified a bullish charting signal in COG Financial Services (ASX:COG), indicating that the price may rise from the close of $1.45 to the range of $1.73 to $1.79. The pattern formed over 147 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. 

Yesterday, the ASX200 closed 0.5% lower to 7,139 points, and it was the technology, utilities and mining stocks that were hit the hardest. On the flip side, the real estate sector managed to post a 1.45% gain. The best performing stock was Uniti Group (ASX:UWL), up an impressive 9.3% after it was revealed that multiple approaches have been made towards the company, suggesting an interest in acquiring UWL. Goodman Group (ASX:GMG) was also on the rise, closing 3.5% higher following a broker note out from Macquarie. The broker expects that GMG could upgrade its FY2022 guidance in its half-year results, set to be released on the 17th of February. Macquarie has an Outperform rating and an increased price target to $26.63. Meanwhile Regis Resources (ASX:RRL) led the losses, falling 14.3% after cutting its full-year production guidance because of a geotechnical incident at its Rosemont mine and other operational challenges. Other stocks coming under pressure included Imugene (ASX:IMU), Life360 (ASX:360), and Liontown Resources (ASX:LTR).In the US, it was a very choppy session, with the Dow plunging over 1,000 points during the session, however managed to make a remarkable comeback to close in the green, up 0.29%. The S&P500 lifted 0.28% and the Nasdaq up 0.63%. Investors began the session dumping tech shares, as they have all month, however those shares rebounded as the day went on with Meta, Amazon and Microsoft closing higher. And it's expected on Wednesday that the Fed will signal its plans on when it will raise rates, after its two-day meeting.Now, despite the comeback in the US, the futures are suggesting the Aussie share market will open 1.30% lower this morning. What to watch today:Q4 production reports will be released by Beach Energy (ASX:BPT), Fortescue Metals (ASX:FMG), Iluka Resources (ASX:ILU), Mineral Resources (ASX:MIN) and St Barbara (ASX:SBM).The latest consumer inflation report is out this morning. A high reading could force the RBA to raise interest rates earlier. Also out today, is Business Confidence for December. The oil price fell 1.5% off the back of a stronger dollar and concerns over the possibility of quicker than expected increases to interest rates by the Fed.While the gold price gained 0.6% to US$1,843 per ounce as Ukraine tensions boost the safe-haven's appeal.The spot iron ore price traded flat at US$133 a tonne. Paradigm Biopharmaceuticals (ASX:PAR) is holding its AGM today.Trading Ideas:Bell Potter has maintained its BUY recommendation on Australia's largest horticultural company, Costa Group (ASX:CGC) with a price target of $3.85. CGC closed 1.7% higher yesterday to $2.94, which implies 31% share price growth in a year. Trading Central has a bullish signal on Straker Translations (ASX:STG). This signal indicates that the stock price may rise from the close of $1.50 to the range of $1.78 - $1.86 in the next 24 days, according to standard principles of technical analysis. 

Yesterday, the Aussie share market pushed 0.3% higher, supported by both the consumer discretionary and energy sectors. All eyes were on China, as we found out that China's economy grew 4% in the fourth quarter from a year earlier, faster than expected but its weakest expansion in one and a half years. The consumer discretionary sector advanced the most, led by Wesfarmer's gain following its trading update before the market opened. The group's performance for the half was supported by pleasing results in Bunnings and Wesfarmers Chemicals, Energy & Fertilisers, while results in Kmart Group and Officeworks were impacted by COVID-related disruptions and costs. The worst performing sector was the materials sector, and we saw mining giants BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) come under pressure, down 1.14% and 0.52% respectively.  Looking at the ASX200 stock leaderboard, two of Australia's best-known fund managers were among the day's top performers, Pendal Group (ASX:PDL) and Magellan Financial Group (ASX:MFG). Pendal Group led the way, up 7.8% following a statement that its chairman, James Evans would step down. Remember however, that last Friday Pendal fell 15.8% after a dip in funds under management. The second-best performer was Adbri (ASX:ABC), up 7.2% after announcing an extension of its lime supply contract with Alcoa. Meanwhile, Perseus Mining (ASX:PRU), Paladin Energy (ASX:PDN) and Liontown Resources (ASX:LTR) were down the most.  The most traded stocks by Bell Direct clients yesterday included Liontown Resources (ASX:LTR), Telstra (ASX:TLS) and BrainChip (ASX:BRN). Beach Energy (ASX:BPT) lifted 3.9%, trading at levels not seen since October last year, supported by the oil price surging higher recently. The US market was closed on Monday for the Martin Luther King Junior holiday. In Europe, stocks closed higher on Monday as investors digested a string of corporate news and the latest growth data out of China. Credit Suisse was involved in a scandal whereby its chairman resigned after breaking COVID quarantine rules. Overall, we saw the German DAX close 0.32% higher, the FTSE up 0.91% and the STOXX600 rise 0.7%.For today, in line with the positive session across the sea in Europe, the futures are suggesting the Aussie share market will open 0.30% higher. What to watch today:Rio Tinto (ASX:RIO) has just released its fourth quarter update. Its Chief Executive said despite the operating conditions remaining challenging in 2021, due to COVID-19 disruptions, the business continued to experience strong demand for its products and continued to progress several of its projects. Now Goldman Sachs expected iron ore shipments of 88.9Mt and 133kt of mined copper for the quarter. Rio has announced results that fall short of these expectations. Iron ore shipments of 84.1Mt and 132kt of mined copper. So keep watch of the stock, as it may come under pressure after falling short of these expectations. Other companies releasing their fourth quarter results today include: Galaxy Resources (ASX:GXY) and Orocobre's merger, Allkem (ASX:AKE), and petroleum company, Ampol (ASX:ALD).Oil prices edged higher as investors bet that supply will remain tight despite restrained output by major producers. The WTI crude oil price is currently up 0.54% to US$84.27 a barrel, that's a 7-year high. The gold price held steady at US$1,818 per ounce. And the seaborne iron ore price is trading 1.25% lower, at US$126 a tonne.Trading Ideas: Firstly, Bell Potter have maintained their BUY recommendation on City Chic Collective (ASX:CCX). The retail clothing company recently released its preliminary unaudited first half 2022 results and two of the key highlights included: (1) strong first half 2022 results that were ahead of Bell Potter's expectations, driven by strong growth in the US and robust sales in 

While US markets embraced 40-year highs in inflation, SPI futures were flat. But not to worry Aussie blue chip stocks were hoovered up, aka banks and miners. The big four banks opened higher and stayed there, but didn't exactly shoot the lights out and closed up 0.4%. Iron ore prices reached $130/t, boosting BHP and Rio into today's top 10. In fact, it was a commodities-heavy upbeat session for lithium and nickel stocks as well, with Pilbara Minerals, Liontown Resources and Nickel Mines - closing at least 3.5% higher. Oil prices also rose, and the energy sector closed up 1.2%. However, the ASX200 jewel was in (the) Crown, closing over 8% higher as Blackstone once again upped its bid. At the other end, BWX closed down nearly 16% thanks to unexpected c-suite shuffles.Our top three VODs are:Three ETFs to protect your portfolio from inflationShare markets are higher; but reality will eventually set inThree ways to invest in healthcare on the ASX See acast.com/privacy for privacy and opt-out information.

Overnight markets shrugged off Chair Powell confirming that rate hikes were coming sooner rather than later, and following SPI futures the ASX added around 1% in early trade. However, conviction wasn't high and momentum faded. A softer USD boosted commodities across the board and the miners had a solid session. While BHP and Rio added 1%, Fortescue went the other way as a broker questioned the market's enthusiasm for FFI and downgraded FMG to a sell. Energy topped the ladder, the complex 3% higher, goldies also on a tear. Nickel Mines and Liontown Resources are riding the EV materials wave, closing up 6-7%. The ASX200 followed the path of least resistance and closed up 49 points or 0.7%.Our top three VODs are:Bitcoin's cyclical movements seen as inevitableFlight Centre's Turner on when international travel could resumeRBA has time on its side See acast.com/privacy for privacy and opt-out information.

The Aussie share market pushed 0.4% higher yesterday, to start the new trading week off on a positive note. Most sectors posted gains, with the energy, real estate and materials sectors leading the way, while the financial and healthcare sectors came under a bit of pressure.  Netwealth (ASX:NWL) was the biggest gainer, while Charter Hall Group (ASX:CHC) rose 5.6% to a new all-time high, following the company announcing an upgraded FY22 earnings guidance and funds under management growth update. Other top stocks included material stocks St Barbara (ASX:SBM), Champion Iron (ASX:CIA), Iluka Resources (ASX:ILU), Regis Resources (ASX:RRL) and Pilbara Minerals (ASX:PLS). Meanwhile, the worst performing stocks yesterday included NIB Holdings (ASX:NIB), GUD Holdings (ASX:GUD) and Insurance Australia Group (ASX:IAG). IAG closed 3.4% lower after UBS dropped its price target to $4.20 and rated the stock a SELL. The most traded stocks by Bell Direct clients yesterday included Liontown Resources (ASX:LTR), BHP Group (ASX:BHP), and Brickworks (ASX:BKW). Another most traded stock was gold miner and lithium developer Firefinch (ASX:FFX). The company successfully completed a $100m Institutional Placement, whereby proceeds from the placement will be used to fast track the production growth at the Morila Gold Mine.In the US, stocks retreated as investors remained cautious about how the Omicron variant will impact the economy, as well as what the Federal Reserve will announce on Wednesday.  All three benchmarks closed lower, with the Nasdaq down the most. The S&P500 fell 0.91%, and the Dow lost 320 points.For today, following the negative session on Wall Street, the futures are suggesting the Aussie share market will open 0.6% lower. What to watch today: Afterpay (ASX:APT) is one to watch as today its shareholders will vote on the Square takeover. Now Square recently changed its name to Block, to house the company's various products. And since the offer was made back in August, Block's share price has sunk more than 30%, meaning the value of the transaction is now less than where Afterpay's shares were trading prior to the offer being made.  In economic news, business confidence data for November will be released this morning. Business confidence is determined via a monthly telephone survey conducted by NAB, where 600 small, medium, and large sized non-agricultural companies are surveyed on their expectations of business conditions for the upcoming month. In October, business confidence surged to 21 points from 10 in September, and November's reading is expected to come in at 23 points.Oil prices fell due to new doubts about the Omicron variant. However, OPEC predicted in its monthly report that the variant's impact on fuel demand will be mild. The gold price lifted as the focus turns to the upcoming Fed meeting, which will give investors an indication of when stimulus measures would wind down. And the seaborne iron ore price lifted 3.3% to US$108.51 a tonne. HUB24 (ASX:HUB) is holding its AGMs today.Engineering services company, Cardno (ASX:CDD) is set to go ex-dividend today.Trading Ideas:Citi upgraded its rating on investment advice business, Perpetual (ASX:PPT) from NEUTRAL to BUY, with a price target of $40.40. PPT closed 1.25% lower yesterday to $35.68, which implies about 14% share price growth.Trading Central has a bullish signal on lithium developer, Lake Resources (ASX:LKE). This signal indicates that the stock price may rise from the close of $0.89 to the range of $0.97 - $0.99 in the next 20 days, according to standard principles of technical analysis. 

The Aussie share market is set to open lower, with the futures suggesting a fall of 0.1% or 9 points.  What to watch today: So far this reporting season, 80% of companies that have released their results, have met or exceeded guidance. JB Hi-Fi (ASX:JBH) reporting NPAT growth of 67.4% to $506.1 million in the 2021 financial year, in line with expectations. GPT Group (ASX:GPT) reported net profit soared 246% to $760.5 million, beating expectations of $291.7 million profit growth. Also set to report today: Beach Energy (ASX:BPT) and Lendlease (ASX:LLC). BHP (ASX:BHP) will report tomorrow. The oil price is trading 0.4% lower at US$68.17 a barrel. The gold price is up 0.1% to US$1,780, and the iron ore price is slightly higher up 0.1% to US$167.95Economic news this week: Tomorrow, BRA meeting minutes will be released. Employment data is out on Thursday, with unemployment expected to rise to 5% from 4.9%.  Trading Ideas: Bell Potter upgraded its price target on Liontown Resources (ASX:LTR), from $0.61 to $1.33. Hazer Group (ASX:HZR), Silver Mines (ASX:SVL), and Duratec (ASX:DUR) are all giving off bullish charting signals, according to Trading Central. 

Last week the Aussie share market had a cracking week, closing 5.4% higher, its best weekly gain since April. Today the Aussie futures are suggesting a fall of 0.1% at the open.U.S. equities saw their best weekly gain since July with the NASDAQ and S&P500 closing higher.What to watch today:Diggers and Dealers, a mining forum kicks off today with 164 companies presenting.Energy stocks closed 9% higher last week, the best week since early April.Frontier Digital Ventures (ASX:FDV) goes ex-dividend today and Opthea (ASX:OPT) holds its AGM.Local trading ideas:Liontown Resources (ASX:LTR) was upgraded by Bell Potter as a speculative buy with an increased target of $0.32.Citi has upgraded Newcrest Mining (ASX:NCM) to a buy with a $37 target, as its second stage NSW Cadia project has been approved.Silver Lake Resources (ASX:SLR), Musgrave Minerals (ASX:MGV) and Auswide Bank (ASX:ABA) are all showing bullish charting signals according to Trading Central.