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

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On Stockhead today, drones are on the fast track thanks to COVID-19, the top small cap picks of one fund manager and the silver price dip presents a buying opportunity for investors.

But first…

The day ahead

Today’s potentially market moving economic data is led by Westpac’s Leading Index. It is an indicator of economic activity generally in Australia. Also Bloomberg will be releasing its monthly economic survey later today.

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

Wednesday:

Lynas Corp (ASX:LYC) – capital raising
thedocyard (ASX:TDY) – capital raising
Enegex (ASX:ENX) – capital raising
Revasum (ASX:RVS) – senior management changes
Ardiden (ASX:ADV) – exploration permit status update
XTD (ASX:XTD) – capital raising
FBR (ASX:FBR) – capital raising
Medical Developments International (ASX:MVP) – EU distribution update

Thursday:

Spirit Telecom (ASX:ST1) – acquisition and capital raising
Mayur Resources (ASX:MRL) – mining lease application
Metals Australia (ASX:MLS) – capital raising
Flinders Mines (ASX:FMS) – BBI transaction
Sihayo Gold (ASX:SIH) – capital raising
Fenix Resources (ASX:FEX) – capital raising

Markets

Gold: $US1,990.95 ($2,748.79) (+0.27%)

Silver: $US27.21 ($37.57) (-0.68%)

Oil (WTI): $US42.53 (-0.84%)

Oil (Brent): $US45.30 (-0.82%)

Coal: $US53.60 (-0.33%)

Iron 62pc Fe: $US120.46 (+0.23%)

AUD/USD: $US0.7244 (+0.43%)

Bitcoin: $US12,033.93 (-2.52%)

What got you talking yesterday

This week we are beginning to see state by state pictures of how much superannuation has been raided. Our Twitter followers took a particular interest in Mike Cooper’s recap of Tasmania’s figures.

Around 79,000 Tasmanian workers have applied to access their super accounts early – equal to one in five, and super funds have paid out $586m to applicants in Tasmania to date. https://t.co/mOCHEgmdWT #ASX #ausbiz pic.twitter.com/0j4jj1Mq5O

— Stockhead (@StockheadAU) August 17, 2020

Also popular yesterday was Stockhead’s latest edition of RockTalk. This week’s panel discussed what was next for gold after it recently broke the $US2,000/oz barrier.

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.

Yesterday’s winners

Stocks in yellow made market moving announcements yesterday

Yesterday’s losers

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