On Stockhead today, how defence stocks are adapting for a post-pandemic world, one expert says 5 reasons why the oil crisis might not be over yet and why private equity reckons petrol stations are still the best bet.

But first…

The day ahead

Key economic data today will be led by Q1 wage growth figures from the ABS (11:30am EST).

The median forecast is for quarterly growth of 0.5 per cent, although Westpac doesn’t expect to see any impact from COVID-19. “Wages are usually slow to respond to labour market shifts,” the bank’s economics team said.

Westpac’s monthly consumer confidence survey is also due out, which is expected to remain subdued after sentiment suffered a pandemic-driven collapse in April.

The following companies are in trading halts and are expected to exit in the next two trading days:

Wednesday:

Wednesday:

Creso Pharma (ASX:CPH) – additional information to Monday’s announcement
Mesoblast (ASX:MSB) – capital raising
Alacer Gold (ASX:AQG) – M&A transaction
Schrole Group (ASX:SCL) – capital raising
Noxopharm (ASX:NOX) – capital raising

Thursday:

Ecofibre (ASX:EOF) – manufacturing agreement
AVZ Minerals (ASX:AVZ) – operational update
Regional Express (ASX:REX) – response to speculation
MG Unit Trust (ASX:MGC) – proposed liquidation
Alterra (ASX:1AG) – sale of property
Middle Island Resources (ASX:MDI) – capital raising
Taruga Minerals (ASX:TAR) – option acquisition
Xped (ASX:XPE) – funding announcement
Atomos (ASX:AMS) – capital raising
Volt Resources (ASX:VRC) – capital raising
Chalice Gold Mines (ASX:CHN) – capital raising

Markets

Gold: $US1,704.50 ($2,633.86) (+0.67%)

Silver: $US15.43 (-0.19%)

Oil (WTI): $US25.40 (+4.23%)

Oil (Brent): $US29.48 (-0.51%)

Coal: $US55.22 (+0.49%)

Iron 62pc Fe: $US91.67 (+3.5%)

AUD/USD: $US0.6472 (-0.26%)

Bitcoin: $US8,821.43 (+2.12%)

What got you talking yesterday

Over on the Stockhead Twitter page, readers took an interest in our news update on the Chinese car market, where car sales just had their first annual increase since June 2018.

To keep up to date with Stockhead coverage, follow our Twitter page or sign up to our members-only Facebook group here.

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

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

Yesterday’s winners

Code Company Price % Change Volume
VPR Volt Power Group 0.002 100.00% 716.67K
MCT Metalicity 0.004 100.00% 30.08M
SRN Surefire Resources 0.004 60.00% 6.97M
VAL Valor Resources 0.002 50.00% 500.00K
MGT Magnetite Mines 0.002 50.00% 2.18M
NGY Nuenergy Gas Ltd 0.018 50.00% 130.67K
AGE Alligator Energy Ltd 0.005 37.50% 81.56M
HT8 Harris Technology 0.041 36.67% 13.86M
AL8 Alderan Resources 0.032 33.33% 1.93M
KFE Kogi Iron 0.045 32.35% 2.90M
MIO Macarthur Minerals 0.17 30.77% 24.92K
HIP Hipo Resources 0.014 27.27% 100.00K
DXN DXN 0.015 36.36% 28.98M
DLC Delecta Ltd 0.005 25.00% 130.00K
TKM Trek Metals 0.016 23.08% 487.03K
HNR Hannans Reward Ltd 0.006 20.00% 115.00K
POW Protean Energy 0.006 20.00% 100.00K
ERL Empire Resources Ltd 0.012 20.00% 354.12K
PAA PharmAust Ltd 0.12 20.00% 22.74M
IXR Ionic Rare Earths Ltd 0.006 20.00% 15.00K
EGR Ecograf 0.068 19.30% 977.28K
FNT Frontier Resources Ltd 0.011 22.22% 10.64M

 

Yesterday’s losers

Code Company Price % Change Volume
EXL Elixinol Global 0.315 -33.68% 5.02M
ROG Red Sky Energy 0.001 -33.33% 15.20M
CDT Castle Minerals Ltd 0.005 -28.57% 7.97M
EPM Eclipse Metals Ltd 0.006 -27.78% 21.67M
JPR Jupiter Energy 0.029 -25.64% 2.68M
YPB YPB Group Ltd 0.003 -25.00% 25.00K
PTR Petratherm 0.046 -23.33% 734.77K
IBG Ironbark Zinc Ltd 0.008 -20.00% 774.82K
CTO Citigold Corporation 0.004 -20.00% 200.00K
CCA Change Financial 0.075 -16.67% 3.61M
CE1 Calima Energy 0.005 -16.67% 5.39M
MYR Myer Holdings 0.27 -14.29% 28.17M
DVL dorsaVi Ltd 0.022 -15.38% 710.67K
NTI Neurotech Intl 0.006 -14.29% 969.54K
INP Incentiapay 0.012 -14.29% 624.11K
ACB A-Cap Energy 0.012 -14.29% 1.73M
NWC New World Cobalt 0.013 -13.33% 8.04M
QFE Quickfee 0.295 -13.24% 1.21M
IBX Imagion Biosystems 0.02 -13.04% 20.46M