Earning Update: Pilbara Minerals Ltd (PLS)
Pilbara Minerals faces a challenging half-year with a sharp revenue drop, countered by strategic expansions and efficiencies aimed at leveraging future lithium market recoveries.
Earnings
Earning Update: Ebos Group Ltd (EBO)
The company made significant investments for growth, including increasing its shareholding in Transmedic and acquiring Superior Pet Food Co. Ebos’s strategy includes further expansion in Southeast Asia and enhancing its product portfolio through acquisitions and new product development.
Earning Update: Corporate Travel Management (CTD)
A softer than expected 1H revenue and EBITDA result was observed due to two main factors: negative travel sentiment from the conflict in the Middle East and corporate customer budgets being fully utilized by September 2023 due to high ticket prices, particularly in the northern hemisphere. However, an encouraging rebound in January activity implies these issues have dissipated.
Pre-Market Pulse 19th October – NVIDIA and rising bond yields push stocks lower
Last Night’s Market Recap Daily Weekly Daily Weekly Overnight – Fresh highs in bond yields squash earnings positivity Equities fell
Pre-Market Pulse 18th October – Fresh highs in bond yields squash earnings positivity
Equities fell overnight led by tech, as investor sentiment was soured by Nvidia-led weakness in chip stocks and a jump in Treasury yields following stronger retail sales data that boosted bets on a Fed rate hike by year end.
Pre-Market Pulse 17th October – Big tech shrugs off geopolitics and rising yields to finish higher on earnings optimism
Equities rallied overnight as investors piled back into big tech, shrugging off an ongoing climb in Treasury yields as optimism of quarterly earnings expected this week.
Pre-Market Pulse 14th October – Strong bank earnings support DOW as Tech weighs
Equities finished generally lower on Friday on continuing geopolitical pressure weighing on the market into a weekend.
Pre-Market Pulse 13th October – Hot Inflation & employment data lifts yields
The CPI rose to 0.4% in September, taking the annual rate to 3.7%, slightly above expectations for a 0.3% and 3.6% rise respectively.
Pre-Market Pulse 12th October – Equities grind higher on “peak rates” bets ahead of CPI
Investors shrugged off PPI (Producer Price Index) data pointing to an uptick in the pace of inflation as equities gained ahead of the key CPI
Pre-Market Pulse 29th August – Markets drift in quiet trade ahead of key data late in the week
Equities ended higher Monday, underpinned by a 3M-led surge in industrials ahead of a flurry of data this week that will play into the Federal Reserve’s policy decision next month.
Pre-Market Pulse 28th August – Hawkish Fed doesn’t rule out further rate hikes
Equities finished mixed as Fed Chief, Jerome Powell was hawkish in his Jackson Hole speech Friday,
Pre-Market Pulse 25th August – AI shine not enough to outweigh nerves of Hawkish Fed
Equities ignored yesterday’s post-market move higher on better-than-expected Nvidia results and sold from the open as investors remain wary of making bullish bets a day ahead of Jackson Hole