On Stockhead today, are retail stocks the Christmas miracle we need, how to manage risk with the Sharpe ratio, and ASX stocks helping to humanise pets.

But first, the day ahead.

A bumper data dump today, starting with CommBank’s household spending intentions report and the Australian Bureau of Statistics’ (ABS) household spending indicators.

For fresh insights on the economy, ABS will also issue Personal Income in Australia and Jobs in Australia.

There will be two indicators of consumer confidence: the weekly measure issued by ANZ and Roy Morgan, and a monthly measure by Westpac and the Melbourne Institute. A NAB survey of business conditions and confidence is also scheduled.

“While consumer and business confidence remain weak, business conditions are at 15-month highs,” CommSec says.

 

TRADING HALTS

The following companies went into trading halts yesterday and are expected out in the next few days:

Gascoyne Resources (ASX:GCY) –production and cost guidance at the Dalgaranga gold project for the December Quarter and the second half of FY2023

Talon Energy (ASX:TPD) – resource upgrade for the Gurvantes XXXV project

Resource Mining Corporation (ASX:RMI) – announcement in relation to Finland nickel and lithium projects currently under exclusive option

GO2 People (ASX:GO2) – payment plans from the Australian Taxation Office

Aurumin (ASX:AUN) –  capital raise

TMK Energy (ASX:TMK) – resource upgrade for the Gurvantes XXXV project

Rox Resources (ASX:RXL) – capital raise

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,667.87 (-0.70%)

Silver: $US20.45 (-1.81%)

Nickel (3mth): $US24,145/t (-2.31%)

Copper (3mth): $US7,626.5/t (-0.33%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 2): $US75,125/t (+2.7% weekly, +122% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 2): $US74,575/t (+2.4% weekly, +164.2% year-to-date)

Oil (WTI): $US91.094 (-1.63%)

Oil (Brent): $US97.45 (-1.13%)

Iron 62pc Fe: $US89.00 (+4.71%)

AUD/USD: 0.64194 (-0.78%)

Bitcoin: $US20,796.00 (-1.92%)

 

WHAT GOT YOU TALKING YESTERDAY?

Uranium could boom, just like lithium, if the balance of power shifts from utilities to raw material suppliers.

 

And here’s a glimpse of the Aussie economy, courtesy of the RBA.

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Bouncing back from his unsuccessful takeover attempt of Australian Pacific Coal (ASX:AQC) is magnate Nathan Tinkler, who will snap up $10m of shares in met coal explorer Jameson Resources (ASX:JAL) at a 70% premium to the 15-day VWAP.

Fintech Novatti (ASX:NOV) will launch a banking business called International Bank of Australia after being granted a Restricted Authorised Deposit-taking Institution (RADI) licence by regulator APRA.

Trek Metals (ASX:TKM) has picked up rock chips grading up to 3% lithium at the Tambourah project in WA.

The first hole into Alicanto Minerals’ (ASX:AQI) Skyttgruvan-Naverberg target — part of the Greater Falun project in Sweden — hit multiple zones of massive to semi-massive zinc, lead, copper sulphides within a broad zone of disseminated zinc mineralisation, along with some native silver.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the least performing ASX small cap stocks:

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