Latest news with #ZipCo
Yahoo
22-05-2025
- Business
- Yahoo
Aussie market dips on US tax jitters
Australia's sharemarket slipped on Thursday after a strong recent run, as concerns over US fiscal policy rattled investors. The benchmark S&P/ASX 200 dropped 38.10 points, or 0.45 per cent, to 8,348.70, giving back some of the gains that had lifted the index to a fresh 50-day high earlier in the week. The broader All Ordinaries index remains 3.09 per cent off its 52-week high, though it is still up 0.62 per cent over the past five days. Ten of the 11 sectors ended the day in the red, with materials the only one to go up, rising 0.60 per cent. Financials shed 1.06 per cent, while healthcare and real estate posted losses of 0.32 per cent and 0.78 per cent, respectively. Buy-now-pay-later firm Zip Co posted one of the day's biggest losses, which slid 6.50 per cent to $1.87 followed by Nufarm Limited, tumbling 6.41 per cent to $2.63. Other notable declines included Paladin Energy (down 4.92 per cent), Healius (down 4.33 per cent), and Polynovo, which fell 4.03 per cent. Three of the major banks finished lower, with Commonwealth Bank the weakest performer, down 1.29 per cent to $172.72. NAB slipped 0.72 per cent to $37.37, Westpac lost 0.67 per cent to $31.36, and ANZ was unchanged at $28.85. The Australian dollar edged higher to US 64c. Strong performers included Spartan Resources (up 5.29 per cent) and West African Resources (up 5.22 per cent). According to senior financial market analyst Kyle Rodda, the sharp market movement may be linked to ongoing debates in Congress over the proposed US tax bill. He said the ASX mirrored overnight weakness on Wall Street, which has also been responding to the same concerns. 'The reason for that is that the markets are concerned that all this extra spending is going to be quite inflationary and lead to much higher interest rates,' Mr Rodda said. 'A lot of this is narrative driven – trade narrative.' According to Mr Rodda, investors may now be pricing in the possible consequences of the proposed tax legislation. He said momentum had already started to slow over the past few days as recent trade deals began to cool investor enthusiasm, and the tax bill has now shifted the market's tone toward 'greater caution.' Despite the dip, gold stocks were one of the few strong performers, lifted by rising gold prices as cautious investors looked for safer options. Among the top performers were Lynas Rare Earths, up 6.97 per cent, Genesis Minerals, which added 5.78 per cent, and Northern Star Resources, up 5.36 per cent, alongside strong gains across several gold and resource stocks. 'Gold is one of the shining lights at the moment just on the basis that gold prices are moving back into those record highs,' Mr Rodda said. He noted that US trade policy had influenced the precious metal's rise, with some investors now viewing gold as a 'safe haven'.
News.com.au
22-05-2025
- Business
- News.com.au
Market wrap: ASX falls as Wall Street reacts to spending concerns
Australia's sharemarket slipped on Thursday after a strong recent run, as concerns over US fiscal policy rattled investors. The benchmark S&P/ASX 200 dropped 38.10 points, or 0.45 per cent, to 8,348.70, giving back some of the gains that had lifted the index to a fresh 50-day high earlier in the week. The broader All Ordinaries index remains 3.09 per cent off its 52-week high, though it is still up 0.62 per cent over the past five days. Ten of the 11 sectors ended the day in the red, with materials the only one to go up, rising 0.60 per cent. Financials shed 1.06 per cent, while healthcare and real estate posted losses of 0.32 per cent and 0.78 per cent, respectively. Buy-now-pay-later firm Zip Co posted one of the day's biggest losses, which slid 6.50 per cent to $1.87 followed by Nufarm Limited, tumbling 6.41 per cent to $2.63. Other notable declines included Paladin Energy (down 4.92 per cent), Healius (down 4.33 per cent), and Polynovo, which fell 4.03 per cent. Three of the major banks finished lower, with Commonwealth Bank the weakest performer, down 1.29 per cent to $172.72. NAB slipped 0.72 per cent to $37.37, Westpac lost 0.67 per cent to $31.36, and ANZ was unchanged at $28.85. The Australian dollar edged higher to US 64c. Strong performers included Spartan Resources (up 5.29 per cent) and West African Resources (up 5.22 per cent). According to senior financial market analyst Kyle Rodda, the sharp market movement may be linked to ongoing debates in Congress over the proposed US tax bill. He said the ASX mirrored overnight weakness on Wall Street, which has also been responding to the same concerns. 'The reason for that is that the markets are concerned that all this extra spending is going to be quite inflationary and lead to much higher interest rates,' Mr Rodda said. 'A lot of this is narrative driven – trade narrative.' According to Mr Rodda, investors may now be pricing in the possible consequences of the proposed tax legislation. He said momentum had already started to slow over the past few days as recent trade deals began to cool investor enthusiasm, and the tax bill has now shifted the market's tone toward 'greater caution.' Despite the dip, gold stocks were one of the few strong performers, lifted by rising gold prices as cautious investors looked for safer options. Among the top performers were Lynas Rare Earths, up 6.97 per cent, Genesis Minerals, which added 5.78 per cent, and Northern Star Resources, up 5.36 per cent, alongside strong gains across several gold and resource stocks. 'Gold is one of the shining lights at the moment just on the basis that gold prices are moving back into those record highs,' Mr Rodda said. He noted that US trade policy had influenced the precious metal's rise, with some investors now viewing gold as a 'safe haven'.
West Australian
22-05-2025
- Business
- West Australian
Market wrap: ASX falls as Wall Street reacts to spending concerns
Australia's sharemarket slipped on Thursday after a strong recent run, as concerns over US fiscal policy rattled investors. The benchmark S&P/ASX 200 dropped 38.10 points, or 0.45 per cent, to 8,348.70, giving back some of the gains that had lifted the index to a fresh 50-day high earlier in the week. The broader All Ordinaries index remains 3.09 per cent off its 52-week high, though it is still up 0.62 per cent over the past five days. Ten of the 11 sectors ended the day in the red, with materials the only one to go up, rising 0.60 per cent. Financials shed 1.06 per cent, while healthcare and real estate posted losses of 0.32 per cent and 0.78 per cent, respectively. Buy-now-pay-later firm Zip Co posted one of the day's biggest losses, which slid 6.50 per cent to $1.87 followed by Nufarm Limited, tumbling 6.41 per cent to $2.63. Other notable declines included Paladin Energy (down 4.92 per cent), Healius (down 4.33 per cent), and Polynovo, which fell 4.03 per cent. Three of the major banks finished lower, with Commonwealth Bank the weakest performer, down 1.29 per cent to $172.72. NAB slipped 0.72 per cent to $37.37, Westpac lost 0.67 per cent to $31.36, and ANZ was unchanged at $28.85. The Australian dollar edged higher to US 64c. Strong performers included Spartan Resources (up 5.29 per cent) and West African Resources (up 5.22 per cent). According to senior financial market analyst Kyle Rodda, the sharp market movement may be linked to ongoing debates in Congress over the proposed US tax bill. He said the ASX mirrored overnight weakness on Wall Street, which has also been responding to the same concerns. 'The reason for that is that the markets are concerned that all this extra spending is going to be quite inflationary and lead to much higher interest rates,' Mr Rodda said. 'A lot of this is narrative driven – trade narrative.' According to Mr Rodda, investors may now be pricing in the possible consequences of the proposed tax legislation. He said momentum had already started to slow over the past few days as recent trade deals began to cool investor enthusiasm, and the tax bill has now shifted the market's tone toward 'greater caution.' Despite the dip, gold stocks were one of the few strong performers, lifted by rising gold prices as cautious investors looked for safer options. Among the top performers were Lynas Rare Earths, up 6.97 per cent, Genesis Minerals, which added 5.78 per cent, and Northern Star Resources, up 5.36 per cent, alongside strong gains across several gold and resource stocks. 'Gold is one of the shining lights at the moment just on the basis that gold prices are moving back into those record highs,' Mr Rodda said. He noted that US trade policy had influenced the precious metal's rise, with some investors now viewing gold as a 'safe haven'.
Perth Now
22-05-2025
- Business
- Perth Now
Aussie market dips on US tax jitters
Australia's sharemarket slipped on Thursday after a strong recent run, as concerns over US fiscal policy rattled investors. The benchmark S&P/ASX 200 dropped 38.10 points, or 0.45 per cent, to 8,348.70, giving back some of the gains that had lifted the index to a fresh 50-day high earlier in the week. The broader All Ordinaries index remains 3.09 per cent off its 52-week high, though it is still up 0.62 per cent over the past five days. Ten of the 11 sectors ended the day in the red, with materials the only one to go up, rising 0.60 per cent. Financials shed 1.06 per cent, while healthcare and real estate posted losses of 0.32 per cent and 0.78 per cent, respectively. Buy-now-pay-later firm Zip Co posted one of the day's biggest losses, which slid 6.50 per cent to $1.87 followed by Nufarm Limited, tumbling 6.41 per cent to $2.63. Other notable declines included Paladin Energy (down 4.92 per cent), Healius (down 4.33 per cent), and Polynovo, which fell 4.03 per cent. Three of the major banks finished lower, with Commonwealth Bank the weakest performer, down 1.29 per cent to $172.72. NAB slipped 0.72 per cent to $37.37, Westpac lost 0.67 per cent to $31.36, and ANZ was unchanged at $28.85. The Australian dollar edged higher to US 64c. Strong performers included Spartan Resources (up 5.29 per cent) and West African Resources (up 5.22 per cent). According to senior financial market analyst Kyle Rodda, the sharp market movement may be linked to ongoing debates in Congress over the proposed US tax bill. He said the ASX mirrored overnight weakness on Wall Street, which has also been responding to the same concerns. 'The reason for that is that the markets are concerned that all this extra spending is going to be quite inflationary and lead to much higher interest rates,' Mr Rodda said. 'A lot of this is narrative driven – trade narrative.' According to Mr Rodda, investors may now be pricing in the possible consequences of the proposed tax legislation. He said momentum had already started to slow over the past few days as recent trade deals began to cool investor enthusiasm, and the tax bill has now shifted the market's tone toward 'greater caution.' Despite the dip, gold stocks were one of the few strong performers, lifted by rising gold prices as cautious investors looked for safer options. Among the top performers were Lynas Rare Earths, up 6.97 per cent, Genesis Minerals, which added 5.78 per cent, and Northern Star Resources, up 5.36 per cent, alongside strong gains across several gold and resource stocks. 'Gold is one of the shining lights at the moment just on the basis that gold prices are moving back into those record highs,' Mr Rodda said. He noted that US trade policy had influenced the precious metal's rise, with some investors now viewing gold as a 'safe haven'.
Yahoo
10-05-2025
- Business
- Yahoo
Zip Co (ASX:ZIP) Jumps 54% Over Last Month
Zip Co recently experienced a price move of 54% over the last month. While there were no significant overall market shifts—remaining flat over the past week—the company's substantial gain stands out against the broader 12-month market growth of 8%. With no major external market-driven forces influencing this uptick, attention shifts to internal events as potential catalysts. Even though additional market-specific news like anticipated earnings growth across sectors was present, it neither strongly aligned with nor opposed Zip's noteworthy performance, suggesting the company's unique internal developments played a key role in its recent valuation increase. You should learn about the 2 warning signs we've spotted with Zip Co. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The recent surge in Zip Co's share price might signify investor optimism surrounding the company's strategic shifts and internal developments, such as expanding its U.S. market presence and partnerships like those with Stripe. Considering the share price surged 88.38% over the last three years, this suggests a strong long-term performance compared to the Australian Consumer Finance industry's 13.2% growth over the past year. Such a large return over three years sets a promising precedent for potential future gains. This optimistic outlook likely impacts revenue and earnings forecasts, as analysts project an annual revenue growth rate of 18.1% over the next few years. Forecasted profit margins are expected to turn from the current 4.6% decline to a positive 12.0% in three years. Such predictions hinge on the successful execution of strategic partnerships and product innovations, paving the way for A$187.9 million in future earnings. However, market conditions inherently carry risks that could impact these forecasts. In the current context, the price movement positions Zip Co's shares significantly below the consensus analyst price target of A$3.33. Given today's share price of A$1.73, this suggests potential upside based on analyst projections. Overall, these elements reflect the complex interplay between market perceptions, company strategies, and financial forecasts that continually shape Zip Co's market valuation. As always, individual due diligence remains crucial for investors assessing the company's potential. Learn about Zip Co's historical performance here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ZIP. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
