Rise and Shine: What you need to know before the ASX opens

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Coming up on Stockhead today, why Panoramic could find a second nickel wind, VW wants a Bill Shorten battery factory, and Kim Kardashian ruins cannabis for everyone.

But first, here’s what you need to know right now:

The day ahead in data

It’s a relatively quiet day of key data, with February housing finance data from the ABS (11:30am AEST) likely to be the most noteworthy release. There’s also ANZ’s weekly consumer confidence index.

In Not Data, the inaugural Coffee Microcaps Conference is being held today at the NSW State Library.

Presenters include the best up and coming industrial companies as well as micro cap fundies such as Andrew Smith from Perennial Value Management, Oscar Oberg from Wilson Asset Management and Matthew Kidman from Centennial Funds Management.

Here’s the running order.

Unfortunately, it looks like tickets are sold out but don’t panic because StockheadTV will be there bringing you the latest news and views from the conference floor.

Commodities

Gold: $USD1294.42 ($1,815.94) +0.45%

Silver: $USD15.22 +0.89%

Oil (Brent): $USD71.18 +1.05%

Oil (WTI): $USD64.52 +2.19%

Coal: $USD83.13 +2.88%

Iron ore 62% fe: $US95.30 +2.6%

AUD/USD: $USD0.7126

What got you talking yesterday

Electric vehicles sparked some chatter on Stockhead’s Facebook chat forum, with a range of different responses to a news.com.au article titled “Why the rise of electric cars in Australia is inevitable”.

Group member Mel Culley expressed some doubts:

“Somehow the infrastructure to support EVs is lacking and will continue to fall behind, Lithium batteries don’t have the staying power fir long distance travel (yet) but how to recharge on long distances will be the test.”

But that view was challenged by Steve Roswell, who said the pace of growth in the sector was still impressive despite the infrastructure constraints:

“Very true, but there have done a lot more than I expected them too in the last 2 years. There was only about 6 or so 2 to 3 yrs ago, now there are hundreds now. Still a way to go,” Roswell said.

These were the five most-discussed stocks on trading gossip forum HotCopper at close on Monday:

Close Top 5 #MostDiscussedStocks: $EN1 $LYC $SAS $GXY $WZR #asx #ausbiz https://t.co/xOFzWmkzay

— HotCopper (@HotCopper) April 8, 2019

Yesterday’s winners

Junior explorer Twenty Seven Co (ASX:TSC) led the pack into midday trade and finished as the standout performer yesterday. The stock jumped nearly 67 per cent to 0.5c on news it had picked up more ground, expanding the size of its Rover project in Western Australia to around 260 sq km.

CEI Ian Warland told investors the new ground gives Twenty Seven Co a dominant position in two highly prospective and underexplored Archean greenstone belts in an area with known significant gold, nickel and cobalt anomalism.

And blockchain advisory company DigitalX (ASX: DCC) — which holds a chunk of Bitcoin on its balance sheet — climbed another 25 per cent to 9 cents a share. Shares in DigitalX have now doubled since Bitcoin’s most recent price spike, which saw it rise back above $US5,000.

Yesterday’s losers

A bunch of small-cap minnows posted an intra-day loss in excess of 30 per cent, but none of the moves were driven by market announcements.

Embattled 3D printing company 333D Limited (ASX: T3D) led the falls, registering an intra-day decline of 50 per cent to fall on 0.1 cents per share.

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