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

On Stockhead today, we get stock picks from prominent investor Tolga Kumova, chat about cannabis, LNG and infant formula, and ask – how much gold is left in the world-famous Yilgarn Craton?

But first…

The day ahead

Australia will get its quarterly economic scorecard with the release of Q1 GDP figures (11:30am EST). The median forecast is for a contraction of 0.3 per cent, as the initial impact of COVID-19 dragged on activity in March.

There’s also dwelling approvals data for April (it will be ugly) and Ai Group’s PCI construction index for May (it will also be ugly).

Those are all historical economic data points though, while stock markets remain more bullish (for now) on the future outlook.

Looking abroad, markets will be watching out for US ADP employment numbers — a precursor to May jobs data the end of the week.

There’s also a few important US economic indicators that may affect sentiment; the ISM non-manufacturing index (May) along with factory orders and durable goods orders (April).

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

Wednesday:

Protean Energy (ASX:POW) – information verification
Ausmex Mining Group (ASX:AMG) – JORC Resource estimation
Hastings Technology Metals (ASX:HAS) – execution of agreement with offtake partner
Nuheara (ASX:NUH) – results of capital raising
Zip Co (ASX:Z1P) – acquisition and capital raising
Musgrave Minerals (ASX:MGV) – drilling results
EHR Resources (ASX:EHX) – earn in and joint venture agreement
OtherLevels Holdings (ASX:OLV) – application for ASX removal
Ora Gold (ASX:OAU) – capital raising
Alderan Resources (ASX:AL8) – capital raising
Podium Minerals (ASX:POD) – capital raising
West Wits Mining (ASX:WWI) – capital raising

Thursday:

Astro Resources (ASX:ARO) – Resource Estimate upgrade
Aeris Resources (ASX:AIS) – media speculation response
Superior Lake Resources (ASX:SUP) – potential acquisition and capital raising
Xantippe Resources (ASX:XTC) – capital raising
Dimerix (ASX:DXB) – new clinical trial opportunity
Auroch Minerals (ASX:AOU) – capital raising
Celsius Resources (ASX:CLA) – project acquisition
Legend Mining (ASX:LEG) – capital raising
Strategic Energy Resources (ASX:SER) – capital raising
Peninsula Energy (ASX:PEN) – capital raising

Markets

Gold: $US1,727.31 ($2,504.31) (-0.87%)

Silver: $US18.07 (-1.49%)

Oil (WTI): $US36.90 (+4.12%)

Oil (Brent): $US39.64 (+3.44%)

Coal: $US57.00 (+0.05%)

Iron 62pc Fe: $US102.00 (+3.26%)

AUD/USD: $US0.6894 (-0.04%)

Bitcoin: $US9,521.80 (-1.60%)

What got you talking yesterday

As usual, there was plenty of interest in our monthly winners list — Reuben Adams’ recap of the Top 50 small cap performers for May.

And if you missed it, this summary from Nick Sundich is worth a read — a list of underperforming stocks which may be in the firing line during “tax-loss season” before the end of the 2020 financial year.

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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.

Yesterday’s winners

Yesterday’s losers