Weekly Buzz | BHP & FMG earnings release soon, can we gain from that?
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$BHP Group Ltd (BHP.US)$ rose 3.66% and $BHP Group Ltd (BHP.AU)$ rose 1.65% last week. The union representing workers at the Escondida mine in Chile, recognized as the largest copper mine globally, reached an agreement with $BHP Group Ltd(BHP.AU)$ on August 18, effectively averting a strike that posed a potential disruption to worldwide copper supplies. The newly ratified three-year contract features key amendments to working conditions, including "initiatives to optimize shift changes, increase equipment utilization and compliance with the 40-hour law," as outlined in BHP's official statement on the accord. BHP is scheduled to release its FY24 financial results before the market open on August 27 8:30 AEST.
- @rylar: We look to cost curve support to emerge, given 95thpercentile is US$101/t and 90th percentile US$88/t. Flipping cost curves tomargin curves, we observe BHP has the highest, and therefore most resilient,iron ore margins. $Mineral Resources Ltd (MIN.AU)$ and $Fortescue Ltd (FMG.AU)$ are most operationally levered to weak/weakening iron ore prices. Read more>>
- @mrminivee: BHP usually makes its move up around November so we still have almost 3 months of uncertainty...... Last week BHP hit $38.76 which is already low and is paying probably around $1 div in a couple of weeks so you could consider it good buying here. You could also wait for it to go ex-div and buy it after but there's a risk it will be well into the $40s by then...... Read more>>
$CommBank (CBA.AU)$ rose 0.84% last week. According to Reuters, CBA cut interest rates for some of its home loan products for new customers last Friday, stoking fears of spurring intense competition in the local mortgage market.
- @ArtieZiffsCat: In the CBA chart, why then are there 5 waves with 5 clear individual waves in wave 3?
Why is the 3rd wave in both the larger & minor degree waves the largest impulse wave? Why did the larger degree 4th wave correct the 3rd wave by exactly Fibonacci 61.8%? Why is the fifth wave going to conclude tomorrow at approximately 50% of the total of the 5 waves? Read more>>
- @Griffo_au: Is it the new normal for banks to be trading on PEs in excess of 15? It is always different until it isn't.
$Futu Holdings Ltd (FUTU.US)$ climbed 2.29% last week. FUTU announced Q2 2024 financial results last Tuesday, which shows Futu's total revenues reached HK$3,129.0 million (US$400.7 million), up 25.9% year-over-year ("YoY"). Over 155,000 new paying clients were added in the quarter, representing a 167.8% increase over the previous year.
- @爱钱爱自己爱螃蟹: i trust moomoo stock coz its really a user friendly app and amazing trading platform! Most of my friends start their investment life in moomoo and believe that this app will going far~ its really a worthy stock to hold for long!
$Amazon (AMZN.US)$ dropped 0.01% last week. AWS revealed its commitment to invest over $6.2 billion in Malaysia, a plan that will sustain an average of more than 3,500 full-time equivalent jobs each year until 2038. In a separate announcement, Amazon has teased its upcoming Prime Big Deal Days, scheduled for October. This eagerly anticipated sale event will offer significant discounts to customers across the U.S. and an additional 18 countries, marking a key date in the retail calendar for global Amazon consumers.
- @Rockyturki: Many people still don't understand how much $亚马逊(AMZN.US)$ 's e-commerce business has changed "under the hood" in the last 10 years. At some point, investors will have the "AHA moment" when it comes to their profits, although that was obvious all along for those who looked closely.
- @ROM-STAR: Amazon's unmatched logistics network is nearly impossible to replicate, and AWS continues to reign as the king of cloud computing, set to accelerate further with the AI explosion.
Congratulations to the mooers who earned 200 points last week![]()
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Topic this week:
The BHP 2024 results report is going to be released soon on 8.27! What will it impact the closing price of BHP.AU on the release day?
ps: The points will only be sent to the users who vote in this article. The comments and discussion under the topic here will not be chosen as the top comments for points rewards.
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mr_cashcow : Thanks again for the reward points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Some factors influencing the impact:
①Revenue & profit growth
②Guidance for future performance
③Dividend announcements
④Market conditions & sentiment
⑤Commodity price trends (resource focus)
102362254 : The impact on $BHP Group Ltd (BHP.AU)$ closing price will largely depend on the market's reaction to the financial performance and outlook presented in the report. If the results exceed expectations, we might see a positive uptick in the stock price. Conversely, if the results fall short, there could be a negative impact. It's always interesting to see how the market responds to these important financial updates.
Dadacai : Thank you for the points.
ZnWC : Thanks for the reward points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Aaron Invests (AI) : Thank you for the points![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Yi Long Ma : The price, of course will depend on the expectations. If the earnings are as expected or exceed, the share price will definitely increase but on the other hand if they fail to meet the expectations, the share price will dive. Thats how the market works and how the investors will think too
Wonder : Thank you for the points!
Market sentiments after earnings much dependent on 2 factors:- 1) whether the results meet or exceed expectations n 2) forward guidance positive or not. The bigger macroeconomics then also may affect the market's reaction.