Bulls vs. Bears

Episode 13: Major Banks Set to Reveal Q1 Earnings Amid Rising Costs and Challenges

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Market Insight: March saw a notable uptick in U.S. consumer prices, with the CPI climbing by 3.5% year-over-year, driven largely by rising costs in shelter and energy. This acceleration challenges previous Federal Reserve expectations, potentially delaying planned rate cuts.

Stock Spotlight:

  • Boral Ltd (BLD): Moves closer to a full acquisition by Seven Group after a revised $1.9 billion offer, with enhanced dividends boosting shareholder incentives.
  • Netwealth Group Ltd (NWL): Despite strong fund inflows, shares fell by 5% due to lower revenue points and a decrease in cash holdings.
  • Vulcan Energy Resources Ltd (VUL): Shares surged by 25% as the company announced the start of lithium chloride production in Germany, marking a significant step towards commercial production.
  • Winsome Resources Ltd (WR1): Disclosed a new high-grade lithium discovery, potentially expanding the Adina Lithium Resource with further drilling expected.

    • Trade of the Week: Electro Optic Systems Holdings Ltd (EOS) recommended as a buy with a target price of $2.1, backed by strong financial results and strategic expansions in defense technologies.

    ...more
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    Bulls vs. BearsBy MPC Markets