U. S. stocks rose on Friday and hit their highest in a successful week in 2024 as the market recovered from an earlier sharp decline in August.
The S
During the week as a whole, the S
All sectors saw expansion on Friday: real estate, energy and industrials. Financial stocks were the best performers of the day, with a final advance of 0. 6 percent.
Tech stocks were the driver of the week’s rally, with Nvidia leading the way, up more than 18%. Apple and Microsoft also contributed to this positive momentum, with gains of around 4% and 3%, respectively.
Walmart had another impressive performance, about 8% thanks to strong effects and an upbeat outlook. This positive trajectory has propelled Walmart’s stock up around 40% year-to-date, reinforcing its position as a leading market leader.
Tesla’s market dominance is eroding, with its market share in the United States falling sharply. Since peaking at 77% in late 2019, Tesla’s market share in the United States has fallen to 48% in the first half of 2024, reflecting the increasingly intense festival in the electric vehicle market. Some analysts expect this trend to persist for another two years.
The recent market rally has led to the S
Futures contracts
SPI futures fell 0. 2 percent.
Currency
As of 7:25 a. m. , one Australian dollar was worth 66. 68 U. S. cents.
Raw materials
Gold added 1. 82 percent. Silver 1. 51 percent. Percentage COP and an additional 0. 12 percent. Oil lost 1. 93 percent.
Figures the world
European markets closed mixed. London’s FTSE fell 0. 40Array, Frankfurt’s fell 0. 8 and Paris’s fell 0. 4Array
In Asian markets, Tokyo’s Nikkei rose 3. 64%, Hong Kong’s Hang Seng rose 1. 88%, while China’s Shanghai Composite closed up 0. 07%.
On Friday, the Australian stock market closed up 1. 34 percent at 7971. 05.
ExdividendsBailador Tech Inv (ASX:BTI) will pay 3. 4 cents fully frankedEuroz Hartleys Group (ASX:EZL) will pay 3 cents fully frankedRyder Capital Ltd (ASX:RYD) will pay five cents fully frankedSeven Group Holdings (ASX:SVW) is paid 30 cents fully franked
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap, Marketech.
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Overall increases for Deep Leads’ resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at Deep Leads’ rare ion adsorption clay (IAC) earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding in the 10-day area. Ford Company (Ford) signed a memorandum of understanding for around 25,000 t/year and last week, Hanwa, a Japanese raw materials trader, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are set to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but should, if Ford and Hanwa inject new capital into LKE, further de-risk the project financing and thus ensure that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for extension of the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade SOP Tier 1 production center around Lake Throssell.
TMG is currently completing work for the planned PFS in early 2023, adding start of drilling in Q3 2022, evaporation testing and permitting activities. The effects of those systems will affect the PFS and any long-term resource upgrades.
SOP reference prices have increased to around $940/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that each 10% accrual in value effects amounted to $144 million accrued to the NPV of the $364 million allocation. The accrual of around 70% compared to the scoping study implies an NPV of the allocation of approximately $1. 4 billion.
Despite the fall in oil and fuel prices, which fell 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main indicators.
WT Financial Group Limited (WTL) is a rapidly growing diversified monetary company, founded in 2010 and indexed on the Australian Stock Exchange (ASX) in 2015. Its recommendations and product offerings are provided primarily through an advisory organization independent monetary advisors who act as legal advisors. representatives. WTL in relation to its broker organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisors in over two hundred money advice companies across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). It was so inspired by IMM that Corporate Connect deemed it imperative to publish a follow-up report valuing the company, as the market did not see the great prospects for eftilagimod alfa (efti).
This follow-up report was released today. Using comparables, after adding a reduction of money to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at AU$2. 20.