The RBA is set to release its February monetary policy decision on February 18. The market now sees a 90% chance of a 25 basis point rate cut, which would bring the cash rate down from 4.35% to 4.10%. If the RBA cuts rates in February, it would mark the first rate cut since the cash rate was raised to 4.35% in November 2023, and the first in over four years, signaling Australia's official entry into a rate-cutting cycle. RBA rate cu...
G'day, mooers! Check out the latest news on today's stock market! • US stocks decline broadly last Friday. • Australian shares open lower on Monday, reacting to mixed US economic data and Trump's proposed metal tariffs. • Stocks to watch: SGR, JBH, PLS. Wall Street Summary Friday saw US markets decline, capping off a turbulent week marked by trade uncertainties and disap...
Hi, mooers! $Pilbara Minerals Ltd (PLS.AU)$is releasing its earnings on January 29. Unlock insights with PLS Earnings Hub>> Rewards An equal share of 5,000 points: For mooers who correctly guess the price range of PLS's closing price at 4pm AEDT January 29 (e.g., If 50 mooers make a correct guess, each of them will get 100 points.) Exclusive 300 points: For the writer of the top post on analyzing PLS's earnings prospects....
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Lucas Cheah
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$Pilbara Minerals Ltd (PLS.AU)$ has experienced significant fluctuations in its earnings, primarily influenced by volatile lithium market conditions. Despite these challenges, Pilbara Minerals has demonstrated robust earnings growth over the past five years, averaging an annual increase of 61.1%, outpacing the Metals and Mining industry’s 20.7% growth rate. The company’s strategic initiatives, such as completing the P680 primary rejection facility, have enabled record production and sales, reinforcing its position as a global leader in lithium production. However, the lithium market has recently faced significant price declines, with spodumene concentrate prices dropping from USD 3,256 per tonne in mid-2023 to USD 682 per tonne. This downturn has led Pilbara Minerals to halt operations at its Ngungaju plant and reduce its workforce by approximately 50 positions. CEO Dale Henderson has expressed concerns about the sustainability of current prices for many suppliers. To navigate these challenges, Pilbara Minerals is focusing on cost efficiency and expansion projects, including the P680 and P1000 expansions, aiming for completion by March 2025. These initiatives are expected to reduce unit costs and enhance production capabilities. In summary, while Pilbara Minerals has a track record of strong earnings growth and strategic project execution, its future earnings prospects are closely tied to the recovery and stability of lithium market prices. The company’s proactive measures to optimize operations position it to capitalize on potential market improvements.
G'day, mooers! Check out the latest news on today's stock market! • A major AI investment news item pushes US stocks higher. • Australian stocks extend gains, but iron ore exporters sell off sharply on Trump's tariffs on China. • Stocks to watch: WDS, ILU. Wall Street Summary U.S. market surged on the first day of the new administration, driven by news of a significant AI investment announcement.$Netflix (NFLX.US)$also exceeded expecta...
With strong U.S. employment and economic data boosting the US dollar, and rising rate cut expectations for the RBA, the AUD/USD has been on a persistent downtrend since October, 2024. That decline deepened following the macroeconomic data released by both the U.S. and Australia last week. Last Friday, U.S. non-farm payrolls for December came in at a robust 256,000, well above market expectations, while the unemployment r...
Investors are selectively buying the dip as you’d expect after US stocks suffered their biggest one day sell off since August. Dip buying saw the major US indices pretty much close flat on Thursday. But remember, we all know the Fed choked the Santa rally. Sentiment was battered. The S&P 500$S&P 500 Index (.SPX.US)$fell back to where it was six weeks ago, and that’s where...
The Political Bureau of the Chinese Communist Party held a meeting on December 9th, announcing the implementation of a more proactive fiscal policy and a moderately loose monetary policy. On December 9th, driven by this news,$Hang Seng Index (800000.HK)$closed up by 2.76%, and$NASDAQ Golden Dragon China (.HXC.US)$rose by 8.45%, with Chinese concept stocks witnessing a broad and significant rally. The Chinese government a...
PAUL BIN ANTHONY : tq sir god bless your and family Amen
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Nchiwla : Anyone know of an ETF for the 1. telecomms in Aus, 2. Materials in Aus 3. consumer staples in Aus?
Nchiwla : and the other sectors mentions 4,5,6?