#ACFMarketWrap. Uncertainty around #InterestRatesCuts. Nasdaq ~▲1.13%. FTSE flat. UK Manuf. PMI Final Aug @ 52.5 as expct. #Magnificent7 rally: $AMZN ~▲3.8%, $TSLA ~▲3.71%, $MSFT ~▲1%, $NVDA ~▲1.51%, $GOOG ~▲1.05%, $META ~▲0.6%. $WTI @ $73bbl. Data to watch: US Manuf. PMI.

#ACFMorningMeeting. Prudent markets ahead of US economic data. N225 flat – BoJ to ▲ #interestrates again in Dec. FTSE flat. UK #RetailSalesMonitor y/y Aug @ 0.8% vs 0.3% expct. $SLHN.SW ▲1.54% on better-than-expctd results in 1H24. $SNY ▲2.65% pre mkts. US ftrs mxd. $WTI @

$CHN.AX - refocuses on #GoldCopper @ #WestYilgarn - w/ extensive new targets @ Barrabarra, incl. 2km Warspite Target => This underexplored region is showing serious potential. #ACFValueChain bit.ly/CopperValueCha… $FCE $BHP.L $GLEN.L $SCCO $RIO $KRM.AX Kingsrose

$BWXT contract - US DoE's NNSA awarded a contract to #BWXT to dvlp defence-focused enrichment pilot plant. Meanwhile $LOT.AX just secured deals to sell up to 1.8m lbs of #uranium to #PSEG and #CurzonUranium from their Kayelekera Proj. in Malawi, between 2026 to 2032. Check out

#PubDarts - #Tungsten (W) is used in pub darts tips, ballpoint pen roller balls and armour piercing ammunition and #Semiconductors amongst other uses. #ACFValueChain bit.ly/Tungsten-Value…

#ACFMarketWrap Dare to be different - US markets sell down tactically ahead of econ data and $NVDA -7.45% fall in part after someone dared publish a sell note...$TSLA beets the #Mag7 trend posting gains so far. Excepting $SMCI AI bubble stocks are chasing $NVDA down - $AMD -6%,

Posting a sell note on $NVDA is somewhat overdue, there are some heroic drivers surrounding #NVDIA's valuation, some key underpinning assumptions seem almost improbable. #ACFView

#ACFMorningMeeting Markets disciplined - something of a correction is happening at the hot end of the market - #chip stocks down globally after $NVDA correction down ~12%. #AI frenzy, macro misses and summer trading vols all contribute to risk off mood. $AMD -8%, $ARM -7%, $SOUN

Difficult to be surprised at $NVDA & other chip stocks correcting - hot bubbles feel a marginal drop in liquidity, becoming volatile - that scares off institutions, they begin to get out. Summer hols are always a market risk - less research, less vols, fewer participants #ACFView

#TungstenMetalsGroup - focused on the production of FeW - plans to list on ASX as $TME in late 2024, raising up to $14m for a Mcap ~ $38m @ IPO. #ACFValueChain bit.ly/Tungsten-Value… $GLEN.L $IXR.AX $AII.TO $TGN.AX $TUN.L $KMT #TME IPO

#ACFMarketWrap. US markets lack direction. Nasdaq flat. US #JOLTs Job Openings Jul @ 7.673m missing 8.10m cnsns. FTSE flat. #Magnificent7 mxd: $TLSA +3.89%, $NVDA -0.12%, $MSFT -0.03%, AAPL -1.72%, $AMZN -0.85%, $META +0.46% and $GOOG -0.05%. $WTI @ $73bbl. Data to watch: US

#ACFMorningMeeting Twins revelation - #US and ##EU markets share identical thoughts - What's in the US #jobs data Overnight shorts $DLTR - 22%, $ZS -19% $X -18%. Jumpers $FYBR +38% $GTLB +22% $LUMN +14%. Data to dig in US ISM services PMI. #ACFView

Volatile markets have one thing going for them, they generate huge opportunities for longer and shorter term position taking - you have to be fast, informed and have nerves of steel! #ACFView

💉 Progress in #cancertreatment - $SNY to conduct UMBRELLA study - #Sanofi's #SARCLISA + $ALXO's evorpacept to combine to tackle relapsed #multiplemyeloma. #ALXO just dosed 1st patients in its PI/II. #CancerResearch #ClinicalTrials $VRTX $VCEL $SGMO $BCLI $GMDA $ICCM $BMY $GILD

.Ionic Rare Earths Limited $IXR #IXR The valuation has been upgraded to try to capture the Belfast recycling demo plant, the REE mine value is reduced by the price deck. Valuation outcome is plus ~16% Read our Update Note #ACFEquityResearch bit.ly/IXRUpdateNote-… #Africa #Uganda Ionic Technologies

#Criticalmetal - US plans to boost #tungsten supply from areas outside China. So gov. researchers recently visited #SangdongMine (owned by $AII.TO in S. Korea) - which could potentially produce ~10% of the world’s #tungstensupply - to assess progress. Check out #ACFValueChain

#ACFMarketWrap Whipped & Sawed - indices in pain but Mag7 +ve: $TSLA +4.5%, $NVDA +1%, $AAPL +0.8%, $META +0.5%, $GOOG +0.3%, $AMZN +2%, $MSFT -0.4%. Our #AI bubble stocks r mixed $SCMI -1%, $AMD -0.5%, $SOUN +0.4%, $MBLY -1%, $IBM -1%, $ARM +2.7%. $NVDA +1.2%. #GOLD $2508/oz

#ACFMorningMeeting Rally Dash - late rally may be on the cards today depending on the #US Jobs data, if it is -ve expect the Fed funds rate to come back, leading to a likely rebound in Sept. $RYDE +25% $OGB7 +51%, High growth $SAVE $AVIR $GPRO. Losers $ASTS -14% $CHPT - 18%

#CriticalMetal #Tungsten global market revenues are expected to reach ~US$ 9.51bn by 2030E. Main drivers are Defence (restocking growth expected), #RenewableEnergy and EVs. Check out #ACFValueChain bit.ly/Tungsten-Value… Rumble Resources Ltd $GLEN.L $IXR.AX $AII.TO $TGN.AX $TUN.L

🔋 $IES - leadership update - #JonathanMarren (prev. CFO) steps up as CEO, succeeding #LarryZulch who retired. Global #energystorage is set to add in 2024E over 100 GWh of capacity for the 1st time vs. 97 GWh added in 2023A. #Renewables $SMTOF $CECBF $IESVF Read #ACFInsight