ASX defence stocks surge on Iran war- should you buy now?
ASX defence stocks surged on Monday as the US-Iran conflict sent investors rushing into military names. DroneShield (ASX: DRO) jumped 6.9% to close at A$3.87, extending its weekly gain to roughly 24%. Elsight (ASX: ELS) has been the standout mover, surging sharply in recent…
Lindian jumps on Kazakhstan rare earth deal- what comes next?
Lindian Resources (ASX: LIN) surged 23 per cent to close at 65 cents on Tuesday, after hitting a 13-year intraday high of 72 cents, following the signing of a binding term sheet to acquire majority control of a fully constructed rare earth processing plant in…
ASX gold stocks set to benefit as gold breaks US$5,300 on Iran fears
Gold has blown past US$5,300 per ounce and is testing near US$5,400 after US and Israeli strikes on Iran over the weekend sent investors scrambling for safety. The precious metal is now up roughly 25 per cent in 2026, and the Middle…
Fortescue beats on dividends, but iron ore risk grows
Fortescue (ASX: FMG) just posted a half-year result that most companies would be proud of. Record iron ore shipments of 100.2 million tonnes, a 23% jump in net profit to US$1.91 billion, and a fully franked interim dividend of A$0.62 per share, up 24% on last…
Qantas shares slide as Middle East shutdown lifts fuel costs
Qantas shares dropped as much as 10.4% on Monday morning to A$8.92, its lowest price in 10 months, after the U.S. and Israel launched strikes on Iran over the weekend. Shares recovered slightly during the day but were still down around 5.4% by the afternoon.…
ASX energy stocks surge as oil spikes on Iran-Hormuz fears
ASX energy stocks had their best day in months yesterday after US and Israeli strikes on Iran sent oil prices sharply higher. Brent crude jumped roughly 12 per cent to above US$79 a barrel, its highest level in four years, as traders priced in the…
The three ASX stocks surging as they cut jobs and lean into AI
Three major ASX-listed companies cut thousands of jobs last week. All three saw their share prices rise. WiseTech Global (ASX: WTC) jumped 11% after announcing plans to cut 2,000 roles. Block (ASX: XYZ) soared 28% on the ASX after slashing roughly 4,000…
ASX copper stocks in focus as supply tightness lifts prices
Copper just hit record highs, trading above US$13,300 per tonne, and this rally looks like more than a short-term spike. The world is using copper faster than miners can produce it, and J.P. Morgan expects a shortage of around 330,000 tonnes this year. For ASX…
Bapcor plunges after a deep loss and emergency capital raise
Bapcor (ASX: BAP) lost nearly half its value on Friday after delivering a shocking A$104.8 million loss and announcing an emergency A$200 million capital raise at just 60 cents per share. That price represents a 65% discount, and the new shares will increase the total…
ASX lithium stocks rally as prices rebound
ASX lithium stocks surged this week, with PLS Group (ASX: PLS) up 8%, Liontown (ASX: LTR) jumping 9%, and Mineral Resources (ASX: MIN) rallying 7%. Spodumene prices have tripled from around US$600 per tonne to above US$2,000, while lithium carbonate hit 180,000 yuan in late January. UBS upgraded…
