Morgans Financial Limited (Imports from Soundcloud)

At the Noosa Mining and Exploration Conference 2022, Barry Cahill, Managing Director of Cyprium Metals Limited, spoke to Senior Analyst Chris Brown about their Nifty Copper Mine Project in Western Australia.

You can watch back the presentations from the conference by following this link: https://www.noosaminingconference.com.au/

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US equity markets a little weaker on Friday (5 August) after a solid July jobs report undermined recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation - Dow added +77-points or +0.23%, JPMorgan Chase & Co (up +3.03%) and Goldman Sachs Group Inc (+0.84%) The broader S&P500 slipped -0.16%, with Consumer Discretionary (down -1.66%) leading six of the eleven primary sectors lower. Energy (up +2.04%) returned to the top of primary sector leaderboard. Tesla Inc fell -6.63%, with shareholders at last Thursday’s (4 August) Annual General Meeting (AGM) approving a proposal expected to lead to a 3-for-1 stock split and sided with the company on most of the proposals up for a vote. The Nasdaq fell -0.5%. Meta Platforms Inc fell -2.03% and Amazon.com Inc -1.25%. The small capitalisation Russell 2000 rose +0.81%. Carvana Co soared +40.07% following the used car group’s second quarter result after the close of last Friday’s (5 August) session.

Senior Analyst Nick Harris previews the Technology and Telecommunication sector stocks under his coverage. These include stocks that have and also have yet to report their results.

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Morgans AM: Friday, 5 August 2022 by Morgans Financial

At the Noosa Mining and Exploration Conference 2022, Tony Schreck, Managing Director of Pacgold Limited, spoke to Senior Analyst Chris Brown about their recent high-grade gold discovery at its 100% owned Alice River Gold Project in North Queensland.

You can watch back the presentations from the conference by following this link: https://www.noosaminingconference.com.au/

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At the Noosa Mining and Exploration Conference 2022, Richard Laufmann, Managing Director of Rex Minerals, spoke to Senior Analyst Chris Brown about their Hillside Copper Project in South Australia.

You can watch back the presentations from the conference by following this link: https://www.noosaminingconference.com.au/

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Positive corporate earnings releases set a strong tone on US equity markets overnight, lifting the benchmark indices solidly across-the-board - Dow up +416-points or +1.29% to 32,812.50, settling ~9.8% above its 52-week closing low (29,653.29) hit on 17 June. The broader S&P500 +1.56%, Information Technology (up +2.69%), Consumer Discretionary (+2.52%) rising over >2.5% to lead ten of the eleven primary sectors higher. Energy (down -2.97%) was the only primary sector to close in the red. The Nasdaq rallied +2.58%. PayPal Holdings Inc rallied +9.52% after it raised its full year earnings guidance after the close of the previous session, announced a new US$15B share-buyback authorisation, a cost-savings program, and confirmed activist investor Elliott Management had acquired an over >US$2B stake in the financial technology firm. Apple Inc (3.82%) and Amazon.com Inc (+4.01%) both climbed over >3.5%, while Facebook parent Meta Platforms Inc (+5.37%) gained over >5%. There were reports that Meta may become the latest technology company to turn to the bond markets in a bid to raise capital. The S&P 500 and the Nasdaq are now up ~13% and ~19% respectively from their mid-June lows. The small capitalisation Russell 2000 rose +1.41%.

At the Noosa Mining and Exploration Conference 2022, Chris Cairns, Managing Director of Stavely Minerals, spoke to Senior Analyst Chris Brown about their latest project in Victoria, a high-grade, copper-gold-silver mineralisation, the Cayley Lode, its current progress, and its initial Mineral Resource Estimate results.

You can watch back the presentations from the conference by following this link: https://www.noosaminingconference.com.au/

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At the Noosa Mining and Exploration Conference 2022, Malcolm Norris, Managing Director of Sunstone Metals, spoke to Senior Analyst Chris Brown about their current projects taking place in Ecuador, the Bramaderos Gold-Copper Project and El Palmar Copper-Gold Project.

You can watch back the presentations from the conference by following this link: https://www.noosaminingconference.com.au/

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More rate hikes are still to come this year, but the RBA is confident they will master inflation in 2023 and 2024.

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