Happy Friday!
What are your plans this weekend?
Across Markets
ASX futures down 15 points or 0.2% to 7170 near 8am AEDT
- AUD +0.8% to 66.01 US cents
- Bitcoin -0.8% to $US43,337 at 8.26am AEDT
- On Wall St: Dow +0.2% S&P +0.8% Nasdaq +1.4%
- In New York: BHP +2% Rio +2.1% Atlassian -0.5%
- Tesla +1.4% Apple +1% Alphabet +5.3% AMD +9.9%
- Amazon +1.6% Microsoft +0.6% NYSE Fang +2%
- Stoxx 50 -0.2% FTSE -0.02% DAX -0.2% CAC -0.1%
- Spot gold +0.3% to $US2031.15/oz at 1.54pm in New York
- Brent crude +0.2% to $US74.42 a barrel
- Iron ore +1.6% to $US133.75 a tonne
- 10-year yield: US 4.15% Australia 4.34% Germany 2.19%
- US prices as of 4.20pm in New York
Australian share futures are pointing to an open loss. In contrast, tech shares rallied in New York, propelling the Nasdaq Composite 1.4 per cent higher.
Shares in Google parent Alphabet gained 5.5 per cent. AMD was 9.9 per cent higher. The NYSE Fang + Index added 2 per cent.
“Tech is the difference maker, with Alphabet leading the charge after Google announced the release of its new AI model ‘Gemini’,” Oanda’s Craig Erlam said.
Still Erlam said he thinks there’s some apprehension ahead of some huge economic readings from the world’s largest economy. The US will report its November jobs report early Saturday AEDT; with a particular focus on the wages data. The report will test bond traders’ positioning.
“After three consecutive reports of 0.2 per cent monthly growth,” Erlam said a fourth reading would suggest wage growth has returned to levels much more consistent with 2 per cent inflation and “may be enough, despite the still tight labour market, to convince policymakers that the next move will be a cut early next year”.
Source: AFR
- The US Navy is expanding rapidly on the back of geopolitical challenges
- One ASX tech company, AML3D, could benefit from this
- We speak to AML3D’s CEO, Sean Ebert
New geopolitical challenges, along with the Biden office’s prioritisation of modernising the US military, have driven robust demand in 2023 for defence-related stocks.
Analysts believe this demand will continue into 2024 and beyond as geopolitical instability grows.
Unlike many other developed countries, spending on national defence in the US tends to gain support from the masses, as it is considered patriotic.
The Biden government, for its part, is capitalising on this support by making bigger investments to preserve the nation’s military edge.
Underpinning these investments is the Administration’s focus on additive manufacturing technology as a solution to rebuilding the US’s sovereign manufacturing capability.
Called the Biden AM (Additive Manufacturing) Forward Program, the initiative is a voluntary pact among large manufacturers to help their smaller US-based suppliers increase the use of additive manufacturing, otherwise known as 3D printing.
Surprisingly, there is one ASX-listed tech company that has reaped benefits from this program as well as greater spending in the US defence budget.
The company is a $20m market-capped stock called AML3D (ASX:AL3), a provider of on-demand additive manufacturing services that have gained a foothold within the wider US Navy’s supply chain.
AML3D, which stands for Additive Manufacturing 3D, was founded in 2014 and is the OEM (original equipment manufacturer) of the ARCEMY industrial metal 3D printing system.
“We print large scale, 3D metal parts, and what makes it different for us is that we have a range of alloys that we can print in,” says AML3D CEO, Sean Ebert.
“The core differentiation for us is we’re about 75% faster than casting, and 95% less waste than billet machining. And the parts we produce are typically 30% stronger than cast products.”
Source: Stockhead
Company: Alderan Resources (ASX:AL8)
Sector: Lithium
Deal Type: Placement
Raise Amount: $1.75M
Latest Entry Price: $0.006 with a 1:2 AL8OA
Today’s Price Change: $0.005 -16.67%
Company: Terra Uranium (ASX:T92)
Sector: Uranium
Deal Type: IPO
Raise Amount: $7.5M
Latest Entry Price: $0.13 with 1:1 T92O
Today’s Price Change: $0.13 -3.7%
Company: Patagonia Lithium (ASX:PL3)
Sector: Lithium
Deal Type: IPO
Raise Amount: $8.6M
Latest Entry Price: $0.20
Today’s Price Change: $0.125 -3.85%
Company: Gold Mountain Limited (ASX:GMN)
Sector: Lithium
Deal Type: Placement
Raise Amount: $2.25M
Latest Entry Price: $0.0075
Today’s Price Change: $0.005 Unchanged
Company: Unith Ltd. (ASX:UNT)
Sector: AI/ChatGPT
Deal Type: Placement
Raise Amount: $4.5M
Latest Entry Price: $0.033 with a 1:1 UNTO
Today’s Price Change: $0.018 -5.26%
Company: Volt Resources Ltd. (ASX:VRC)
Sector: Battery Metals
Deal Type: Placement
Raise Amount: $5.75M
Latest Entry Price: $0.007 with 1:2 VRCOB
Today’s Price Change: $0.007 Unchanged
Company: Castle Minerals Ltd. (ASX:CDT)
Sector: Battery Metals/Base Metals
Deal Type: Placement
Raise Amount: $1.52M
Latest Entry Price: $0.01 with 1:2 CDTOA
Today’s Price Change: $0.01 Unchanged
Company: Avenira Ltd. (ASX:AEV)
Sector: Phosphate
Deal Type: Placement
Raise Amount: $2.1M
Latest Entry Price: $0.01 with a 1:2 AEVO
Today’s Price Change: $0.012 -20%
Company: Latrobe Magnesium Ltd. (ASX:LMG)
Sector: Magnesium
Deal Type: Placement
Raise Amount: $3M & $11.5M
Latest Entry Price: $0.04
Today’s Price Change: $0.056 +3.7%
Company: Askari Metals Ltd (ASX:AS2)
Sector: Mining
Deal Type: IPO
Raise Amount: $5.7M
Latest Entry Price: $0.35 with a 1:3 AS2O
Today’s Price Change: $0.17 Unchanged
Company: Excite Technology Services (ASX:EXT)
Sector: Cloud
Deal Type: Placement
Latest Entry Price: $0.005 with a 1:2 EXTOD
Today’s Price Change: $0.008 Unchanged
Company: Estrella Resources (ASX:ESR)
Sector: Mining
Deal Type: Placement
Raise Amount: $1.65M
Latest Entry Price: $0.006 with a 1:1 ESRO
Today’s Price Change: $0.005 Unchanged
Company: Paradigm Biopharma (ASX:PAR)
Sector: Biopharma
Deal Type: IPO Cornerstone
Raise Amount: $1M+
Latest Entry Price: $0.35
Today’s Price Change: $0.385 -2.53%
Company: Sabre Resources (ASX:SBR)
Sector: Energy
Deal Type: Placement
Raise Amount: $2.6M + $700k strategic
Latest Entry Price: $0.04 with a 1:1 SBROB
Today’s Price Change: $0.027 -6.9%
Company: Carly Holdings Ltd (ASX:CL8)
Sector: AI and Car subscription
Deal Type: Placement
Raise Amount: $1.25M
Latest Entry Price: $0.025 with a 1:2 CL8O
Today’s Price Change: $0.017 Unchanged
Company: Avecho Biotechnology (ASX:AVE)
Sector: CBD
Deal Type: Placement
Raise Amount: $5M
Latest Entry Price: $0.006 with a 3:2 AVEOA
Today’s Price Change: $0.003 Unchanged
Company: ECS Botanics Holdings Ltd (ASX:ECS)
Sector: Medicinal Cannabis
Deal Type: Placement
Raise Amount: $6.6M
Latest Entry Price: $0.033 with 1:2 ECSO
Today’s Price Change: $0.023 -4.17%
If you would like more information on future Peak deals, please don’t hesitate to get in touch.
Peak on 1300 304 460
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