On Stockhead today, we review some small caps that have a steady stream of news coming, stock valuations are surging as medtech embraces SAAS, and Garimpiero lays out the case for another re-rating of Image Resources.

But first…

 

The week ahead

We’re crossing over into a new month this week, which means investors will have plenty of key data and events to consider in the days ahead.

Highlighting the local calendar is the all-important inflation numbers for the September quarter, which will be released on Wednesday (11:30am eastern).

The median forecast is for annual headline CPI growth to come in at 1.7 per cent — still below the the RBA’s 2-3 per cent target. The underlying (core) inflation rate is also expected to remain subdued.

On Thursday markets will get another update on domestic building approvals (which have slumped), along with Q3 trade data and monthly figures from the RBA on credit growth.

Before all that, RBA governor Phillip Lowe will give a speech on Tuesday evening, and October house price data from CoreLogic is out on Friday.

Looking abroad, all eyes will be on the US Federal Reserve’s interest rates announcement on Wednesday night.

Futures markets are currently almost fully priced for the Fed to cut rates again, continuing the recent easing path enacted by central banks around the world.

The Fed decision will follow the latest reading for US Q3 GDP (also on Wednesday). Two other central banks (Canada on Wednesday, and Japan on Thursday) will also make policy announcements.

And rounding out a big week, the US will get consumption and expenditure figures on Thursday which includes PCE inflation data (the US Fed’s preferred inflation measure).

That will be followed by all-important US employment numbers for October after Asian markets close on Friday.

The following companies are in trading halts and are expected to exit in the next 48 hours.

Monday:

Kazia Therapeutics (ASX:KZA) – capital raising
Genetic Signature (ASX:GSS) – capital raising

Tuesday:

Cardinal Resources (ASX:CDV) – feasibility study results
Eagle Mountain Mining (ASX:EM2) – asset acquisition

Markets

Gold: US$1,504.51 (+0.05%)

Silver: $18.038 (+1.3%)

Oil (WTI): $56.66 (+0.76%)

Oil (Brent): $61.98 (+0.50%)

Coal: $67.70 (-0.25%)

Iron 62pc Fe: $87.98 (+0.7%)

AUD/USD: 0.6823 (+0.08%)

Bitcoin: $9,671.10 (+4.57%)

What got you talking last week

Readers took interest in a range of different topics last week, from how baby boomers engage with fintech stocks to an analysis of why a number of US companies have struggled since listing on the ASX. Our 10 most popular stories are here in the latest edition of Kick Back.

These were the 10 most tipped stocks (weekly) last Friday on Stocks in Play:

Last week’s winners

Code Name Price last Friday Price this Friday (12.30pm) % Return Market Cap
NHL NOVITA HEALTHCARE LTD 0.010 0.027 170 17.53M
LRS LATIN RESOURCES LTD 0.009 0.019 111 2.96M
DLC DELECTA LTD 0.005 0.008 60 5.57M
CXZ CONNEXION TELEMATICS LTD 0.020 0.030 50 25.50M
ICG INCA MINERALS LTD 0.002 0.003 50 10.20M
VMG VDM GROUP LTD 0.002 0.003 50 20.78M
QGL QUANTUM GRAPHITE LTD 0.002 0.003 50 22.98M
ENR ENCOUNTER RESOURCES LTD 0.135 0.200 48 56.16M
IVO INVIGOR GROUP LTD 0.017 0.025 47 3.80M
CML CHASE MINING CORPORATION LTD 0.022 0.032 45 6.62M
GMV G MEDICAL INNOVATION HOLDINGS 0.081 0.115 42 46.42M
MLM METALLICA MINERALS LTD 0.012 0.016 33 5.18M
AXT ARGO EXPLORATION LTD 0.012 0.016 33 2.93M
MTB MOUNT BURGESS MINING NL 0.003 0.004 33 2.08M
FHS FREEHILL MINING LTD 0.012 0.016 33 13.06M
OVL ORO VERDE LTD 0.010 0.013 30 26.03M
CCV CASH CONVERTERS INTL LTD 0.150 0.195 30 120.21M
INR IONEER LTD 0.170 0.220 29 325.05M
CSV CSG LTD 0.235 0.303 29 135.90M
MAG MAGMATIC RESOURCES LTD 0.105 0.135 29 17.36M
AWN AROWANA INTERNATIONAL LTD 0.140 0.180 29 28.47M
WKT WALKABOUT RESOURCES LTD 0.255 0.320 25 101.41M
CEL CHALLENGER EXPLORATION LTD 0.040 0.050 25 23.44M
TDL TBG DIAGNOSTICS LTD 0.040 0.050 25 10.88M
FTZ FERTOZ LTD 0.100 0.125 25 16.08M
REF REVERSE CORP LTD 0.008 0.010 25 928.61k
KMT KOPORE METALS LTD 0.004 0.005 25 3.21M
VAL VALOR RESOURCES LTD 0.004 0.005 25 9.47M

Last week’s losers

Code Name Price last Friday Price this Friday (12.30pm) % Return Market Cap
8VI 8VIC HOLDINGS LTD 0.200 0.150 -25 6.08M
PSZ PS&C LTD 0.052 0.039 -25 9.83M
GLA GLADIATOR RESOURCES LTD 0.002 0.002 -25 2.35M
SUD SUDA PHARMACEUTICALS LTD 0.004 0.003 -25 10.67M
ALT ANALYTICA LTD 0.004 0.003 -25 10.56M
RIM RIMFIRE PACIFIC MINING NL 0.004 0.003 -25 4.53M
OLV OTHERLEVELS HOLDINGS LIMITED 0.008 0.006 -25 1.72M
IGN IGNITE LTD 0.027 0.020 -26 1.79M
TEG TRIANGLE ENERGY GLOBAL LTD 0.072 0.053 -26 19.12M
CA8 COASSETS LTD 0.085 0.062 -27 12.81M
CY5 CYGNUS GOLD LTD 0.055 0.040 -27 2.43M
APH AUSTRALIAN PRIMARY HEMP LTD 0.275 0.195 -29 13.56M
GBP GLOBAL PETROLEUM LTD 0.027 0.019 -30 3.85M
RDN RAIDEN RESOURCES LTD 0.010 0.007 -30 3.02M
AOA AUSMON RESOURCES LTD 0.003 0.002 -33 1.10M
BAS BASS OIL LTD 0.003 0.002 -33 6.68M
NWE NORWEST ENERGY NL 0.006 0.004 -33 13.53M
XPE XPED LTD 0.002 0.001 -33 1.51M
ENA ENSURANCE LTD 0.024 0.016 -33 5.06M
TPD TALON PETROLEUM LTD 0.003 0.002 -33 3.55M
DTR DATELINE RESOURCES LTD 0.003 0.002 -33 16.27M
ODM ODIN METALS LTD 0.150 0.100 -33 15.37M
LI3 LITHIUM CONSOLIDATED LTD 0.046 0.030 -35 3.72M
MRV MORETON RESOURCES LTD 0.004 0.002 -38 7.77M
APG AUSTPAC RESOURCES NL 0.002 0.001 -50 2.91M
VIC VICTORY MINES LTD 0.0015 0.001 -50 2.07M
BOT BOTANIX PHARMACEUTICALS LTD 0.235 0.120 -49 101.27M