Karoon Energy Ltd (KRNGF) Receives a Buy from Morgans
In a report released today, Adrian Prendergast from Morgans maintained a Buy rating on Karoon Energy Ltd (KRNGF – Research Report), with a price target of A$2.45. The company’s shares closed last Tuesday at $0.91.
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Prendergast covers the Energy sector,
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Read MoreFreaky Friday: Sensex plunges 1,000 pts, Nifty at 9-month low; trade war fears among key factors behind market crash
Rs 6 lakh cr wiped out! Sensex plunges 1,000 pts, Nifty at 9-month low; trade war fears among key factors behind market crash
Indian equity benchmarks Sensex and Nifty faced intense selling pressure on February 28 due to concerns about a full-fledged global trade war.
Read MoreAlberta sees trade war sparking budget shortfall after four years of surpluses
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The shortfall of $5.2 billion in the fiscal year starting in April would be driven largely by a $4 billion drop in bitumen royalties and a $1.2 billion drop in personal and corporate income taxes, according to forecasts released Thursday.
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Expenses are expected to rise 3.3 per cent to $75.3 billion.
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Read MoreHere’s how DeepSeek could be great news for the Nvidia stock price
The release of the Chinese DeepSeek artificial intelligence (AI) model hit Nvidia (NASDAQ:NVDA) stock hard, knocking $600m off the market capitalisation.
And even expectations-busting fourth-quarter results on Wednesday (26 February) didn’t reverse the decline. At close the following day, Nvidia was down 22% from its all-time high.
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Read MoreWorld shares and US futures are higher after Wall Street losses and Trump’s speech
Wall Street stabilized in premarket trading Wednesday in a rocky week dominated by steep U.S. tariffs, and retialitory tariffs from Mexico, Canada and China, that have roiled global markets.
Futures for the S&P 500 and Dow Jones Industrial Average each ticked up 0.2%. Nasdaq futures rose 0.4%.
Read MoreThe Burst
2 Hot Stocks That Could 4x
Tech stocks are out of favor at the moment. You don’t need to look much further than Peloton, down over 80% from its highs to know that high growth stocks have been tossed out of portfolios with abandon.
And while some companies deserve to have their valuations chopped up, others have strong fundamentals and are growing at a rapid pace yet their share prices are not reflecting the positive news.
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Read MoreThe Ivy
Alert: Forget Tesla, Buy Ferrari
Investment Alert: Buy RACE Under $250/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
At his recent “Woodstock for Capitalists” event,
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