How was your weekend?
For many of us, the weekend is still going. However, markets are open and so are we!
It's reporting season!
122 S&P 500 companies will be reporting over the coming week.”
Among the higher profile reports: Apple, Facebook, Tesla, Microsoft, 3M, GE, Starbucks, Boeing, Visa, Caterpillar and Mastercard.
Across markets…
Australian shares are set to open higher in a shortened trading week. Markets will be closed on Tuesday.
ASX futures up 15 points or 0.2% to 6748. The currency slid 0.6 per cent.
Shares on Wall Street ended their Friday session mixed with techs once again keeping the Nasdaq in the black.
In its latest flow show note, Bank of America said investors are buying inflation assets with the Federal Reserve’s balance sheet to hit 42 per cent of GDP and the US budget deficit to hit 18 per cent of GDP in 2021.
Still positioning is key, the bank said, noting that the “most overbought sectors (trading greater than 20 per cent above 200 day moving averages) are China, Japan, Korea and Taiwan tech as well as UK, Aussie and Brazil materials and Hong Kong, India and Spain banks”.
Source: AFR
Platinum group metals (PGMs) — platinum, palladium, rhodium, iridium, ruthenium and osmium — are highly valued for their wide range of industrial, medical, and electronic applications.
The big money is in palladium, which is currently worth ~$2,400/oz.
That’s more than gold (~$US1870/oz) and a lot more than platinum (~$1,130/oz).
80 per cent of palladium goes into ‘autocatalysts’ in car exhausts to reduce polluting emissions. There’s also future demand from the nascent hydrogen sector.
Metals Focus predicts palladium prices will hit all times highs above $US2,750/oz in 2021.
Why? Nine straight years of ever-enlarging deficits.
The gap between mine supply and consumption in 2020 alone was about 1 million ounces of palladium.
Sector: Consumer Discretionary
Year: 2019
Deal Type: Placement
Raise Amount: $2.2m
Price Change: $0.047 +2.17%
Sector: Consumer Discretionary
Year: 2018, 2019
Deal Type: Seed, Bridging and IPO
Raise Amount: $10m
Price Change: $0.15 -3.23%
Sector: Technology
Year: 2018
Deal Type: Seed and IPO
Raise Amount: $10m
Price Change: $0.058 -4.92%
Sector: Mining
Year: 2017
Deal Type: Seed & IPO
Raise Amount: $5m
Price Change: $0.25 +13.64%
Sector: Mining
Year: 2017
Deal Type: IPO & Placement
Raise Amount: $6m
Price Change: $0.050 Unchanged
Sector: Healthcare Equipment and Services
Year: 2016
Deal Type: IPO
Raise Amount: $8m
Price Change: $0.12 +4.17%
Sector: Materials
Year: 2016
Deal Type: IPO
Raise Amount: $9m
Price Change: $0.032 -5.88%
Sector: Biotechnology
Year: 2015, 2017, 2018
Deal Type: Placements & IPO
Raise Amount: $5m
Price Change: $2.38 -2.46%
Sector: Media an Entertainment
Year: 2016
Deal Type: Reverse Takeover
Raise Amount: $4m
Price Change: $0.042 +2.44%
Sector: Mining
Year: 2018, 2019, 2020
Deal Type: Placements & Rights Offer
Raise Amount: $1.5m
Price Change: $0.012 Unchanged
Sector: Discretionary
Year: 2020
Deal Type: Placement
Raise Amount: $1.3m
Price Change: $0.072 +9.09%
Sector: Gaming
Year: 2020
Deal Type: Placement
Raise Amount: $1.25m
Price Change: $0.12 Unchanged
Sector: Mining (Gold)
Year: 2020
Deal Type: Placement
Raise Amount: $982k
Sector: Mining (Gold/Silver)
Year: 2020
Deal Type: Placement
Raise Amount: $2.3m
Price Change: $0.012 Unchanged
Sector: Hemp & CBD
Year: 2020
Deal Type: Pre IPO
Raise Amount: $2.5m
Sector: Psychedelic assisted therapy
Year: 2020
Deal Type: Placement
Raise Amount: $2.5m
Price Change: CAD $0.13 Unchanged
Sector: Mining
Year: 2020
Deal Type: Placement
Raise Amount: $330k
Price Change: 0.056 +14.29%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
