Stock Market

Most people like to pretend they have some idea about this aspect of finance. They like to think they’re smart enough to be the Wolf of Wall Street…or the Ape of the ASX…or the Numbat of NASDAQ…

Don’t worry, you aren’t expected to know what a numbat is. But as for the ASX or NASDAQ…

Well, anyone wanting to even lightly dabble in stocks needs to know their way around these. In fact, you need to know your way into these.

Where are the stocks?

NASDAQ is short for the National Association of Securities Dealers Automated Quotations —an American electronic stock exchange. The Aussie equivalent is the ASX — the Australian Securites Exchange.

You aren’t a true investor if you don’t visit these websites on a daily basis.

They show you what stocks are on the rise…how long they’ve been on a rise…the highest price they’ve ever hit…and of course, they can tell you the opposite…

But it’s not enough to type a company name into Google and check out the share price graph. Not if you want to be serious about investing, that is.

Where the treasure of the market lies

As an investor, you need to dig deeper than the mainstream headlines to see where the stock market’s really at. The true stock opportunities aren’t going to be on the first page of a Google search.

They’re going to be hidden amidst the daily ASX and NASDAQ announcements and reports.

I told you it was more than just graphs.

Luckily, here at Money Morning, we’re prepared to do the hard yards for you.

We’ll search through all the information, and piece together the stories that drive the stock market moves. And it will all be available to you right here, on this page.

We aim to provide you with insight you won’t get anywhere else, to help you stay ahead of the investing curve.

We’ll talk about the stuff that isn’t making any headlines…the stuff people don’t want to reveal.

Australian stock market news

Discover the latest insights on global and Australian share markets right here…so that you can buy, sell and trade shares, with minimal loss and for maximum profit.

With updates daily you’ll always be up to speed with the latest moves of the stock market.

Check out the latest news down below.

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Why Evolution Mining’s Share Price Has Been Rising over the Last Year

Today, Evolution Mining announced its preliminary 2019 financial year operating results, as well as next year’s guidance.Gold production between the June 2019 quarter, sat around 194,886 ounces, with an All-in Sustaining Cost (ASIC) of $915 per ounce.Additionally, the company says cash generation of $109.4 million has thrust Evolution to a net cash position of $35.2 million as of 30 June.

Why Pilbara’s Share Price Retreated 2.91% Today

Pilbara shares lifted 5% yesterday after the company announced that it had inked a deal with Chinese automaker Great Wall for early delivery of 20,000 tonnes of product a year over six years starting from next month. The miner also advised that shipped tonnes for the June quarter had come in at 43,214 tonnes, representing the higher end of previously revised guidance range of 23,000–45,000 tonnes.

THC’s Share Price Up 10% after Gaining Licence| ASX:THC

The manufacturing licence is really a breakthrough for THC Global, positioning it in one of the biggest growth industries on the market.For investors interested in cannabis, this is exciting news. It is also potentially exciting news for THC’s share price outlook — more production, means more product and hopefully more revenue.

Why BHP’s Share Price Fell 1.77% Yesterday| ASX: BHP

BHP’s fall could be partly due to a statement made by a Chinese official Friday afternoon, confirming plans of cracking down on the excessive costs of the steel-making ingredient.Given the fact that China is the world’s biggest steel producer, it was inevitable that there would be ripple effects from the inquiry, hitting not only BHP but also Rio Tinto, whose share price fell 0.50%. Both Aussie companies produce a lot of iron for the world market and China is one country with high demand for it.

Hub24’s Share Price Drops 3.72% on Changes in Substantial Holding

According to the announcement, a substantial holder by the name of FMR LLC, otherwise known as Fidelity Investments — a privately owned investment manager based in Boston — sold a grand total of 3,005,279 HUB shares, ceasing their holdings in the company.This has presumably caused a degree of panic amongst existing shareholders, seeing as FMR had a pretty sizable influence on the company.

Iron Ore Prices Slump Back Down after Chinese Market Complaints

According to the Australian Financial Review (AFR), a top official on behalf of China’s steel industry said Beijing was getting ready to crackdown on soaring prices.Iron ore market has also been hit by supply disruptions, as weather plagues supply chains. Last month Rio Tinto cut production outlook after issues with its mine, adding further to supply shortages.
Money Morning Australia