On Stockhead today, are Meta and Spotify a ‘Buy’ and why big US tech stocks are the ‘new defensives’ and how Firebrick Pharma can pass the sniff test.

But first, the day ahead.

Local shares are set to open much higher today. At 8am AEDT, the ASX 200 March futures is pointing up by 2.38%.

Monday kicks off with the Australian Bureau of Statistics releasing the Business Indicators publication for the December quarter and preliminary retail trade update for January.

Commonwealth Bank Group economists expect retail spending to lift 2%.

The Reserve Bank will release the Financial Aggregates publication, which includes private sector credit figures for January while the Melbourne Institute issues the February inflation gauge.

You can get a full rundown of the week ahead in data here by peeking in Christian Edwards’ Diary. (SFW).

 

TRADING HALTS

Strike Resources (ASX:SRK) – Pending the release of a market announcement in relation to the Paulsens East Iron Ore Project

Kalium Lakes (ASX:KLL) – Pending the release of an announcement relating to the company’s commissioning strategy

QX Resources (ASX:QXR) – Regarding a binding memorandum of understanding in relation to a strategic partnership and an associated capital raising

Buddy Technologies (ASX:BUD) – Pending an application to the Supreme Court of Western Australia

 

MARKETS

Gold: $US1,888.96 (-0.75%)

Silver: $US24.172 (-0.12%)

Oil (WTI): $US91.82 (-1.60%)

Oil (Brent): $US98.11 (-0.98%)

Aust Coking Coal (steelmaking): $444.0/t (+1.90%)

Newcastle Coal (thermal): $197/t (0.00%)

Iron 62pc Fe: $US141.76 (-0.63%)

AUD/USD: $US0.7160 (-0.91%)

Bitcoin: $US39,129.57 (-3.45%)

 

What got you talking last week?

Bryah Resources’ (ASX:BYH) manganese JV in Western Australia got you talkin’ after its partner, OM Holdings (ASX:OMH) completed all funding requirements to earn a 51% stake in the project.

 

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

LAST WEEK’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
JAV Javelin Minerals Ltd 0.002 100.0% 4,833,098
ANL Amani Gold Ltd 0.002 33.3% 33,724,665
SQ2 Block 153.5 32.3% 769,994
ATP Atlas Pearls Ltd 0.05 31.6% 4,240,546
N1H N1 Holdings Ltd 0.25 28.2% 131,755
IHL Incannex Healthcare 0.64 25.5% 11,280,249
BUX Buxton Resources Ltd 0.105 25.0% 1,411,031
PCL Pancontinental Energ 0.005 25.0% 158,448,882
T3D 333D Limited 0.0025 25.0% 240,000
FNX Finexia Financialgrp 0.074 23.3% 1,198
PVE Po Valley Energy Ltd 0.032 23.1% 12
BRX Belararoxlimited 0.7 22.8% 73,869
WHK Whitehawk Limited 0.135 22.7% 4,370,204
GCR Golden Cross 0.19 22.6% 124,080
LSR Lodestar Minerals 0.011 22.2% 18,286,043
EPX Ept Global Limited 0.085 21.4% 58,182
360 Life360 Inc. 5.68 21.4% 3,201,532
LYK Lykosmetalslimited 0.29 20.8% 517,263
BMN Bannerman Energy Ltd 0.215 19.4% 10,670,899
MRL Mayur Resources Ltd 0.155 19.2% 59,082
ASP Aspermont Limited 0.025 19.0% 787,134
AVA AVA Risk Group Ltd 0.285 18.8% 2,771,632
AGE Alligator Energy 0.065 18.2% 31,736,037
HE8 Helios Energy Ltd 0.13 18.2% 8,990,331

 

Jewellery company Atlas Pearls (ASX:ATP) led last Friday’s small cap gains among stocks with news, after reporting a half-year net profit of $4.1m.

The company, which operates multiple oyster farms in Indonesia, said profits were assisted by the launch of its online platform “in response to the COVID-19 pandemic”, enabling it to “continue selling its pearls worldwide through uncertain times”.

Cybersecurity platform WhiteHawk (ASX:WHK) also posted strong gains, following the release of its full-year report ended December 31.

WHK said it reported a 180% lift in revenues to $3.4m with a strong pipeline of additional work opportunities.

 

LAST WEEK’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
BWX BWX Limited 2.46 -27.0% 4,481,104
YPB YPB Group Ltd 0.0015 -25.0% 250,000
ECG Ecargo Hldg 0.025 -21.9% 25,000
99L 99 Loyalty Ltd. 0.011 -21.4% 3,213,030
RD1 Registry Direct 0.015 -21.1% 304,963
FZR Fitzroy River Corp 0.14 -20.0% 3,994,627
ABE Ausbondexchange 0.32 -17.9% 56,963
DLT Delta Drone Intl Ltd 0.019 -17.4% 338,250
PPY Papyrus Australia 0.048 -17.2% 1,396,733
CT1 Constellation Tech 0.005 -16.7% 2,752,368
MTB Mount Burgess Mining 0.005 -16.7% 1,428
CII CI Resources Limited 1.06 -15.5% 10,710
X2M X2M Connect Limited 0.14 -15.2% 40,000
BEX Bikeexchange Ltd 0.068 -15.0% 45,492
AFW Applyflow Limited 0.0035 -12.5% 102,488
AQX Alice Queen Ltd 0.007 -12.5% 1,884,687
GGG Greenland Minerals 0.056 -12.5% 8,756,779
PHO Phosco Ltd 0.092 -12.4% 62,478
BVS Bravura Solution Ltd 1.665 -11.9% 4,674,069
GRX Greenx Metals Ltd 0.185 -11.9% 10,000
TOR Torque Met 0.185 -11.9% 15,625
PG1 Pearl Global Ltd 0.023 -11.5% 320,459
RSG Resolute Mining 0.24 -11.1% 15,072,969
CPH Creso Pharma Ltd 0.069 -10.4% 8,252,958
DDB Dynamic Group 0.39 -10.3% 5,800