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The Rio Tinto Limited (ASX: RIO) share price has dropped in early reaction to the miner’s 2021 second-quarter update. Rio Tinto’s 2021 Q2 production Rio Tinto told investors about its performance compared to the prior corresponding period (2020 Q2). Iron ore shipments were down 12%, to 76.3 Mt. The iron ore production was down by 9%, to…

ASX overcomes lockdowns, BHP, ResMed hit records, Rio Tinto’s production issues The ASX 200 (ASX: XJO) managed a 0.2% gain on Friday even as the Delta outbreak spread across the country. It was generally positive across the board with only the energy and utilities sectors weakening, down 0.6% and 0.4%, respectively. The consumer discretionary and healthcare sectors…

Groundhog Day, markets down, unemployment falls, ARB’s run continues The ASX 200 (ASX: XJO) weakened another 0.3% today as Victoria plunged into its fifth lockdown and the outbreak continued to extend in NSW. Just two sectors finished higher, materials up 1.4% and utilities, 0.7%, with the latter benefitting from another 6.3% jump in Spark Infrastructure Group (ASX: SKI). The…

ASX overcomes BNPL sell off, Afterpay tanks, Praemium jumps The ASX 200 (ASX: XJO) finished 0.3% higher on Wednesday, overcoming a significant sell off in the technology sector. The tech sector fell 2.7% for the day, with a 9.6% fall in Afterpay Ltd (ASX: APT) pulling the entire market down by 10 points. The sell-off came after a double…

Australia, ‘the envy of the world,’ emerged from the pandemic relatively unscathed while the rest of the world was brought to its knees. It’s times like this, that our ‘lucky country’ status (albeit, a status coined sarcastically by author Donald Horne in 1964) really rings true. Of course, it’s not just luck, thanks to the…

For those that aren’t Buying Now and Paying Later, get with the times. According to a survey conducted by e-commerce platform BigCommerce and PayPal; “62.5 per cent of respondents reported doing most of their purchasing online. Close to half said they’re discovering new products on social media at least once a month, and 66.7 per…

Canaccord Genuity Capital Markets has released its ‘Australian Best Ideas’ publication, which contains the firm’s top 23 stock picks across a diverse group of sectors including Mining Services, Consumer and Retail, Industrials, Health and Wellness, Sustainability, Metals and Mining and Technology, Media and Telecom. Each stock pick in the report provides a summary of each…

ASX weakens, industrials gain as corporate activity booms, Chinese exports jump The ASX 200 (ASX: XJO) weakened throughout the day to finish slightly lower than it started on Tuesday. The majority of the weakness came from the energy, down 0.6%, and real estate sectors, down 0.9%. Woodside Petroleum Limited (ASX: WPL) and GPT Group (ASX: GPT) were among the hardest hit,…

ASX jumps on China stimulus, materials winning, API’s pay day The ASX 200 (ASX: XJO) started the week on a positive note, increasing 0.9% on Monday after a strong global lead over the weekend. The biggest contributor was an unexpected announcement from the People’s Bank of China around the loosening of monetary policy. The central bank reduced the amount…

According to award-winning fund manager Hyperion Asset Management, the key to successful investing is to “maintain a portfolio of stocks that are robust and resilient, even in downturns and difficult economic environments.” The team employs their resources in search of four key attributes when researching companies that will determine quality from rubbish. By investing in…

Tech sell off drags ASX, banks, gamblers hit, Solomon ramps up push for Myer board spill The ASX 200 (ASX: XJO) followed a weak global lead to fall close to 1% on Friday, despite a late afternoon recovery. Every sector was lower across the board barring energy, which continues to benefit from the impasse between members of…

Bell Potter have released their top stock picks for FY22. In the report, the broker has listed ten sectors and selected 2-3 stocks in each sector that it thinks should do well over the coming year. The sectors include listed investment companies, agricultural &  FMCG, technology, discretionary retail, industrials, engineering and construction, healthcare, resources, energy,…