The Daily by moomoo
Essential daily market insight delivered every morning by the market strategists of share-trading platform moomoo Australia. Stay up to date on what’s happened in global markets and what to expect on the ASX.
Episodes
US stocks jump overnight, with the Nasdaq up 1.5%, with investors assuming the Iran-Israel conflict is unlikely to escalate. Because of this the oil price dropped 2% and the gold price dipped. Slight gain is expected locally, noting that Australian uranium stocks spiked up yesterday, led by Deep Yellow and Boss. There's a focus on Japan as central bank makes rate decision today.
Securities mentioned include Invesco QQQ Trust, SPD...
Oil spiked 7% on Friday to US$76.94, with predictions it could reach US$95. This would dampen consumption, fuel inflation and airline costs (with United falling 12% last week). Predictably, oil and defence stocks are rising.
Stocks mentioned include Capricorn Metals, Corporate Travel, Flight Centre, Karoon Energy, Newmont, Qantas Airways, Santos, United Airlines, Virgin Australia, Viva Energy, Westgold Resources, Woodside Energy
Virgin Australia will list in just under a week and a half, and is the biggest new entrant to the ASX in several years. With all the buzz, it’s natural to wonder whether this is an opportunity you should seize. But moomoo's Jessica Amir says there's six reasons to pause before you rush in to buy, not just Virgin, but any initial public offering.
Stocks mentioned include Virgin Australia, Qantas Airways, Guzman y Gomez, Commonwealth...
US inflation steady at 2.8% boosts hopes of rate cuts and investor confidence, says moomoo's Jessica Amir. So risk-accepting investors are showing favour to energy, tech stocks. US uranium stocks are on the rise and Oracle jumped 13% over strong earnings. Goldminers are making big gains in Australia.
Stocks mentioned include ConocoPhillips, Constellation Energy, Newmont, Oracle, Vistra Energy, Yancoal Australia
Though the US and China announced initial compromises on tariffs, with 'more to come', the S&P 500 fell for the first time in four days, slipping 0.3%. Locally we could see further gains, after the S&P/ASX 200 hit an all-time high yesterday. While we've seen defence stocks in broad rally, the AUKUS deal is on the line, which could have an impact.
Securities mentioned include Austal, Vanguard Australian Shares ETF, iShares C...
Australian shares have reached a new high, just as the US market looks like it's about to. Tesla’s shares rose 5.7% overnight, ahead of its Thursday robotaxi event. It's part of the tech surge which includes the world’s biggest computer chip companies growing earnings at 43% year on year. And in Australia, with stocks such as Megaport up 89% this year, as the data centre group's gross profits grows by 70%.
Securities mentioned Tesl...
Tech, commodity sectors expected to push the ASX up this week particularly if US-China talks go well. Platinum hit its highest since 2021, while silver is at a 14-year high. Australia's public listing process is under review and may increase IPOs this year.
Securities mentioned include GraniteShares Platinum Trust ETF, Qantas Airways, VanEck Semiconductor ETF, Themes Airlines ETF
Tesla's share price fell 14% overnight, dragging the US market with it. CEO Elon Musk and US President Donald Trump are in a feud war that's unsettling investors. Moomoo Australia and New Zealand market strategist Jessica Amir explains Australian shares are reaching for highs, as silver and gold keep rising.
Securities mentioned include Adriatic Metals, Global X EURO STOXX 50 ETF, Palantir, Tesla
Markets are trading around record highs, with expectation they will rise further. Both in Australia and the US investors are looking forward to rate cuts, just as they're showing excitement over the burgeoning artificial intelligence industry. While market and geopolitical volatility is also keeping 'safe' assets such as gold strong, there is a clear bullish sentiment at work in markets.
Stocks mentioned include Alcoa, Paladin Ener...
The ASX could hit a high today as global markets push upward, fuelled by investors not wanting to miss out on tech gains, with other sectors also looking positive. This is despite a bleaker view of world economic growth from the OECD, which cut expectations from the US economy, but predicts improving growth in Australia.
Stocks mentioned: Nvidia, Apple, Microsoft, Tesla
US markets rose overnight led by big tech stocks Meta, Broadcom and AMD. US steel producers also made gains with news of higher tariffs. Another sector recording a rise is gold, which looks set to continue. But a darkening picture of the US economy is pushing the dollar down, while Disney and Microsoft are among those announcing further layoffs.
Securities mentioned Alphabet Advanced Micro Devices Disney Meta Platforms Microsoft Ne...
US stocks closed off their best month since 2023 on Friday, with the S&P 500 up 6.2% and the Nasdaq Composite rising 9.5%. While the Aussie market straggled up 3.8%. But this week the market could get spooked over US-China tariff disputes and key economic data due out.
Stocks mentioned: Nvidia, Evolution Mining, Genesis Minerals
Buoyed by US rate cut hope but confused by tariff court rulings, investors are focusing on high-value stocks. Nvidia may be one, rising 3.25% to now rival Microsoft as the world's valuable company, says moomoo's Jessica Amir. Locally, the ASX dipped at open. And Meta has partnered with Anduril to develop defence industry products.
Securities mentioned include Meta Platforms, Nvidia, Microsoft, VanEck Global Defence ETF
Nvidia delivered a market-beating quarterly report, driving its shares higher after market. Moomoo market strategist Jessica Amir unpacks the results, tracing the powerful growth trajectory of this leading artificial intelligence company. She says it's not a stock any investor should be ignoring
Markets made solid gains yesterday with the Nasdaq 100 surging 2.4% overnight. (Tesla alone was up 7%.) We're seeing strong investment in ETFs in May, suggesting we could see another record year. Any rise in the ASX today drawing it close to a new record.
Securities mentioned include Tesla, Nvidia, Vanguard S&P 500 ETF, Vanguard Australian Shares Index ETF
US stocks were down last week, with the S&P 500 dropping 2.65%. Apple faced a particularly bad week, down 7.5%. This week focus is on Nvidia, set to report quarterly results on Wednesday evening (US time). On the weekend, US threats of stiff levies on Apple foreign-made iPhones and tariffs on Europe, could lead to a selloff this week. But gold has risen 1.9% to US$3357.
Securities mentioned Apple, Nvidia, West African Resources...
Three of Australia's big four banks remain a compelling investment case. They've always recovered from big market drops, with CommBank reaching new highs after every one. They have a stranglehold on the mortgage market and are powerfully integrated into the economy. Moomoo strategist Jessica Amir lays out the case for why investors should consider them.
Stocks mentioned: Commonwealth Bank, National Australia Bank, ANZ Bank, Westpac...
US 10-year bond yields hit 4.56%, the highest since February 14. Not only are insurers benefit from this, but investors are buying into 'safe haven' assets. So Bitcoin pushed into another high, above US$111,000, and gold stocks are dominating the top 10 gainers in Australia this week.
Stocks mentioned include Tesla, Alphabet, CrowdStrike, Palantir, West African Resources, Genesis Minerals, Emerald Resources, Challenger, QBE Insuran...
Investor fear over US debt has caused a bond market rout, pushing up yields. A sell off spread to equities, and investors turned to 'safer' assets such as gold and Bitcoin (which hit a record). It's worth noting wheat also rallied, says moomoo Australia market strategist Jessica Amir.
Securities mentioned include GrainCorp, Inghams Group, Rigetti Computing, iShares Bitcoin Trust ETF
US shares snapped a six-day winning streak overnight, with the S&P 500 falling 0.39%. Investors waiting on further tariff deal news, selling up for profit after the sharp rally. Gold nudged up and could rise further in response. Following Australia's rate cut we're seeing banks rise this morning – Westpac, Commonwealth and NAB historically performed well after a rate cut. We could expect property and technology to also gain as ...
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