The Australian share market is flat on Tuesday morning, after breaching the 8,000 point mark for the first in yesterday's session.
4 of 11 sectors are easing, with miners down most dragged by $BHP Group Ltd(BHP.AU$ , $Rio Tinto Ltd(RIO.AU$ & $Fortescue Ltd(FMG.AU$ .
Gains from financials are offsetting the declines.
4 of 11 sectors are easing, with miners down most dragged by $BHP Group Ltd(BHP.AU$ , $Rio Tinto Ltd(RIO.AU$ & $Fortescue Ltd(FMG.AU$ .
Gains from financials are offsetting the declines.
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Miners are horrendously capital intensive. Even though BHPs management seem to be good, it still takes tonnes of capital each year to sustain this business. At the end of the day, BHP is a price taker. Mining is cyclical, always has been from Day 1.
You can get very very rich buying mining stocks in a downturn when the share price tanks (history bears this out) but in my opinion you take way too much downside risk by buying mining stocks when times are good (history tends to show this is not a g...
You can get very very rich buying mining stocks in a downturn when the share price tanks (history bears this out) but in my opinion you take way too much downside risk by buying mining stocks when times are good (history tends to show this is not a g...
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We know that Citi is a copper bull, but they clearly don’t see a great deal of opportunity in local copper stocks. The only buy ratings I have on record for the broker are for BHP Group ( $BHP Group Ltd(BHP.AU$ ), which also has a substantial iron ore exposure, and Evolution Mining ( $Evolution Mining Ltd(EVN.AU$ ), which also has a substantial gold exposure. See the table below for Citi’s full ASX copper coverage.
![Citi’s ASX copper coverage](https://sgsnsimg.moomoo.com/sns_client_feed/151464795/20240705/0b10619cee354df08a72d33cc81911fe.png/thumb?area=102&is_public=true)
Tens of thousands owed.
So my tax returns not going in until June.
So my tax returns not going in until June.
Our market gave back about half of the previous sessions gains as inflation came in higher than expected.
Consumer discretionary stocks closed mostly lower on fears higher interest rates in the future could translate to weaker retail sales.
Harvey Norman $Harvey Norman Holdings Ltd(HVN.AU$ fell 8.3%, JB Hi Fi $JB Hi Fi Ltd(JBH.AU$ dropped 2.63% while SuperCheap ( $Super Retail Group Ltd(SUL.AU$ ) finished up 3.13% thanks to UBS upgrading the stock to a BUY. $S&P/ASX 200(.XJO.AU$
Consumer discretionary stocks closed mostly lower on fears higher interest rates in the future could translate to weaker retail sales.
Harvey Norman $Harvey Norman Holdings Ltd(HVN.AU$ fell 8.3%, JB Hi Fi $JB Hi Fi Ltd(JBH.AU$ dropped 2.63% while SuperCheap ( $Super Retail Group Ltd(SUL.AU$ ) finished up 3.13% thanks to UBS upgrading the stock to a BUY. $S&P/ASX 200(.XJO.AU$
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🚨 Brokers on $Pilbara Minerals Ltd(PLS.AU$ Pilgangoora P2000 PFS 🧐
Macquarie: Retained NEUTRAL; PT $3.25⬇️ vs $4.20
Morgan Stanley: Retained UNDERWEIGHT; PT $2.75⬇️ vs $3.35
Morgans: Upgraded ADD⬆️ vs HOLD; PT $3.70⬇️ vs $4.10
UBS: Retained SELL; PT $2.70
🔎 4 Broker Average PT = $3.10
Macquarie: Retained NEUTRAL; PT $3.25⬇️ vs $4.20
Morgan Stanley: Retained UNDERWEIGHT; PT $2.75⬇️ vs $3.35
Morgans: Upgraded ADD⬆️ vs HOLD; PT $3.70⬇️ vs $4.10
UBS: Retained SELL; PT $2.70
🔎 4 Broker Average PT = $3.10
$Guzman y Gomez Ltd(GYG.AU$ listing at 12pm today. My share price prediction for the close of trade tomorrow is $24.62. The logic being very very little liquidity My guess is $GYG opens strongly trades in the high $25’s easy back over the day. Then opens tomorrow a little lower and ends the day in the mid $24’s . Looking forward to shouting lunch
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Once again miners were on the nose with the LITHIUM plays selling off the most on talk that the Chinese market is oversupplied with the stuff. $Pilbara Minerals Ltd(PLS.AU$ fell 3%, LTM lost 6% and PLL fell 8.3%
Also not helping the horrible sentiment in the LITHIUM sector was news that Serbia is set to approve Rio Tinto’s ( $Rio Tinto Ltd(RIO.AU$ ) mega mine….
Also not helping the horrible sentiment in the LITHIUM sector was news that Serbia is set to approve Rio Tinto’s ( $Rio Tinto Ltd(RIO.AU$ ) mega mine….
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/151464795/20240618/14fc5795a5ea4574929d832f418f66d9.png/thumb?area=102&is_public=true)
It's got very low cash conversion. Mobile margins are at record highs, which is very high relative to their peers and certainly high by global standards.
The fixed business is in decline post the NBN rollout.
The fixed business is in decline post the NBN rollout.
Every wage rise I can remember (a lot), always the same moaning and groaning - "cried wolf" syndrome, I just tune right out.......