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…
Lynas profits surge, but doubts remain
Lynas Rare Earths (ASX: LYC) jumped as much as 5% on Thursday after reporting a thirteen-fold profit increase, only to fade and close up just 1.2% at A$17.24. The company posted A$80.2 million in net profit for the six months to December 2025, up from A$5.9 million a year…
ASX 200 Reporting Season Wrap: 5 Earnings Surprises That Signal Buy Opportunities Heading Into March
ASX 200 reporting season- five stocks the market rewarded
The ASX 200 touched a fresh record high of 9,202 this week, wrapping up a reporting season that told investors one thing loud and clear: quality matters. The benchmark climbed 3.7% in February, but this was not a rising tide lifting all boats. Companies that beat…
Coles shares fall despite strong supermarket earnings
Coles Group (ASX: COL) dropped more than 8% on Friday to around A$20.34, even after delivering double-digit profit growth in its supermarket business. Group EBIT rose 10.2% to A$1.23 billion, supermarkets' EBIT surged 14.6%, and underlying net profit climbed 12.5% to A$676 million. So why is the market…
