🚨 Bullish on DataCenter? Morgan Stanley says BUY Copper 🧐 🔎 "increase in number of data centres globally would benefit copper the most" 🔎 "Cu best played with OW$Rio Tinto Ltd(RIO.AU)$, OW$Evolution Mining Ltd(EVN.AU)$(~30% Cu revenue exposure) & OW 29M (we see negatives largely priced in)" OW= OVERWEIGHT $BHP Group Ltd(BHP.AU)$
At the start of last week markets were processing the implications of Iran's drone attack on Israel and the possible Israeli response. Gold and Oil both spiked higher before retreating as markets digested the potential escalation of the current situation. The well-flagged Israeli response later in the week was thankfully relatively small and confined to bombing military targets inside Iran in a move thought to be aimed at de-escalating the conflict. Ne...
G'day, mooers! Check out the latest news on today's stock market! • Wall Street climbed all-time highs • Australia shares lift; Gold reaches record high • Stocks to watch: Washington H Soul Pattinson, Brickworks, Sigma Healthcare, Electro Optic Systems Wall Street Summary Markets climbed Wednesday after the FOMC rate decision, which went as planned: no changes were announced for the Federal Funds Target Rate of 5.25-5.5%. With preli...
Copper had a cracking day yesterday on the ASX, as well as global markets. This can be chalked down to the sharp increase in copper prices. According to Bloomberg, one pound of copper was going for roughly US$370 a month ago, US$393 a pound just three days ago, and now US$404.65 a pound as of yesterday. The continual spike in price could be due to the cut down of copper production in China, due to a shortage of raw material. Some copper shares ...
Evolution Mining Ltd股票讨论区
🔎 "increase in number of data centres globally would benefit copper the most"
🔎 "Cu best played with OW $Rio Tinto Ltd(RIO.AU)$ , OW $Evolution Mining Ltd(EVN.AU)$ (~30% Cu revenue exposure) & OW 29M (we see negatives largely priced in)" OW= OVERWEIGHT
$BHP Group Ltd(BHP.AU)$
Gold and Oil both spiked higher before retreating as markets digested the potential escalation of the current situation. The well-flagged Israeli response later in the week was thankfully relatively small and confined to bombing military targets inside Iran in a move thought to be aimed at de-escalating the conflict. Ne...
• Top losers: $Mercury NZ Ltd(MCY.AU)$, $ResMed Inc(RMD.AU)$, $Evolution Mining Ltd(EVN.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.5% higher at 7642.1, snapping a run of five straight losses amid strength in shares of the country's large miners and banks. The benchmark index shrugged off a s...
🔎 Central Banks now buying 25-27% of annual production
🔎 "We continue to forecast 1,000t+ of official sector gold purchases in 2024E...the third-highest volumes since the Nixon shock in 1971"
🔎 $3,000/oz target 6-18mos 🎯
$Northern Star Resources Ltd(NST.AU)$ $Evolution Mining Ltd(EVN.AU)$ $Newmont Corp(NEM.AU)$ $Ramelius Resources Ltd(RMS.AU)$
• Top losers: $Boral Ltd(BLD.AU)$, $Boss Energy Ltd(BOE.AU)$, $James Hardie Industries PLC(JHX.AU)$
Market Performance
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.1% lower at 7605.6, notching its longest losing streak since mid-January amid weakness in commodity stocks. The benchmark index rallied from an early slip only to dro...
• Top losers: $Cettire Ltd(CTT.AU)$, $Orora Ltd(ORA.AU)$, $Megaport Ltd(MP1.AU)$
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.1% lower at 7887.9, retreating from a record high as investors remained uncertain about when the country's central bank might start cutting interest rates. The benchmark index gave back its slight early gains a...
🔎 $29Metals Ltd(29M.AU)$ NEUTRAL; PT 0.55⬆️ (vs 0.45) "biggest beneficiary"
🔎 $Evolution Mining Ltd(EVN.AU)$ NEUTRAL; PT 3.90 "Cu ~30% of revenue"
ASX copper stocks "now chasing momentum over value" -Citi
• Wall Street climbed all-time highs
• Australia shares lift; Gold reaches record high
• Stocks to watch: Washington H Soul Pattinson, Brickworks, Sigma Healthcare, Electro Optic Systems
Wall Street Summary
Markets climbed Wednesday after the FOMC rate decision, which went as planned: no changes were announced for the Federal Funds Target Rate of 5.25-5.5%.
With preli...
According to Bloomberg, one pound of copper was going for roughly US$370 a month ago, US$393 a pound just three days ago, and now US$404.65 a pound as of yesterday.
The continual spike in price could be due to the cut down of copper production in China, due to a shortage of raw material.
Some copper shares ...
• Top losers: $Neuren Pharmaceuticals Ltd(NEU.AU)$, $Paladin Energy Ltd(PDN.AU)$, $REA Group Ltd(REA.AU)$
Australia's $S&P/ASX 200(.XJO.AU)$ closed 0.2% lower at 7713.6, with bank stocks proving a drag as the Reserve Bank of Australia appeared to be holding back on offering meaningful guidance to markets on the dire...
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