Articles On Megaport (ASX:MP1)

Many of Australia's top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week. Three ASX shares brokers have named as buys this week are listed below. Here's why they ar...

Megaport (ASX:MP1) announced its half-yearly results on Tuesday. As the numbers were largely pre-reported at the company’s previous second-quarter announcement on 30 January, they were considered ‘in-line’ with expectations. Megaport’s tota...

The ASX200 closed marginally lower with the sectors split. Materials and energy were the worst performers, each down around a per cent, while communications bucked the trend and finished up almost 1 and a half per cent. In news this a...

  ASX dragged down by Mining and Energy stocks ANZ and Suncorp given green light to merge BHP, Megaport down after earnings report   The ASX 200 closed slightly lower on Tuesday, dragged down by Energy and Mining stocks following an exten...

The ASX200 is facing a slight downturn today, dropping around a quarter of a per cent. Energy stocks are feeling the pinch, down just over one and a quarter per cent, while communications bucks the trend with a gain of about 1.4 per cent...

The domestic economic backdrop, characterised by 13 interest rate hikes, and consumer malaise brought on by the persistent inflation-induced cost of living pressures, had set the stage for modest, if not dour, expectations for reporting sea...

The Megaport Ltd (ASX: MP1) share price is losing ground today. Shares in the S&P/ASX 200 Index (ASX: XJO) tech stock closed yesterday trading for $13.80. In morning trade on Tuesday, shares are changing hands for $13.31 apiece. That...

  Wall Street closed for Presidents’ Day, Stoxx 600 hits 2-year high AstraZeneca says its Tagrisso drug is effective on lung cancer And is Magnificent Seven a growing bubble?   The ASX is poised to open flattish on Tuesday as Wall Street...

World Overnight SPI Overnight 7610.00 + 2.00 0.03% S&P ASX 200 7665.10 + 6.80 0.09% S&P500 5005.57 – 24.16 – 0.48% Nasdaq Comp 15775.65 – 130.52 – 0.82% DJIA 38627.99 – 145.13 – 0.37% S&P500 VIX 14.71 + 0.70 5.00%...

On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with the smallest of gains. The benchmark index rose slightly to 7,665.1 points. Will the market be able to build on this on Tuesday? Here are five things to watch: ASX 200...

It turned out to be a shaky, but still positive, start to the trading week for the S&P/ASX 200 Index (ASX: XJO) and most shares this Monday. By the close of trading tod...

ASX 200 flattish despite real estate stocks rout Lendlease led the real estate selloff after cutting its guidance A2Milk surged after strong H1 results   The ASX 200 closed just +0.1% higher on Monday after a selloff in Real Estate stocks...

Artificial intelligence (AI) is a rapidly developing technology with the potential to change the world if utilised correctly. A leading fund manager has picked out an S&P/ASX 200 Index (ASX: XJO) share that could be a major winner from...

The global gold market is going strong but there is one miner of the precious metal that's struggling. The share price for Gold Road Resources Ltd (ASX: GOR) has nosedived 31% since 28 December. But fear not, the team at Blackwattle reckon...

Last year saw many ASX growth shares turn it around after a period of malaise. Now, in 2024, the market is looking forward to interest rates stabilising and maybe even a rate cut or two. The team at ECP Growth Companies Fund recently named...

Looking for some ASX growth shares to buy? If you are, then it could be worth considering the three listed below. Both have been named as buys by brokers and tipped to rise strongly from current levels. Here's what you need to know about t...

ASX flattish as earnings results pour in Breville, Seek dumped, while Temple & Webster was best performer Strike Energy’s shares collapse after reporting problems at gas field   The ASX 200 closed flattish on Tuesday as traders strugg...

Generally speaking, and while it is early days, this earnings season has been a good one both broadly and for the Montgomery Small Companies Fund, overseen by portfolio managers, Gary Rollo and Dominic Rose. By way of example, according to...

Often when ASX stocks have risen strongly, investors will think they have missed the boat. They may then think it's better to wait for a pullback to happen in order to try and get in at a better price. While sometimes this may happen, more...

On Thursday, the S&P/ASX 200 Index (ASX: XJO) was on form again and pushed higher. The benchmark index rose 0.3% to 7,639.2 points. Will the market be able to build on this on Friday and end the week on a high? Here are five things t...

There are a number of S&P/ASX 200 Index (ASX: XJO) stocks that have handed investors outsized gains so far in 2024. But one company is racing ahead of the pack. Any guesses? If you said ASX 200 tech stock Megaport Ltd (ASX: MP1) give y...

With surging quarterly results and a bright outlook, Megaport’s (ASX:MP1) recent performance ignites optimism, marking an impressive rebound and spotlighting the company’s strategic growth amidst the tech industry’s evolving landscape. M...

It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes. Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these...

The Australian sharemarket experienced a decline on Monday due to a sell-off in commodity stocks, primarily driven by a drop in the value of iron ore. This decline was prompted by concerns that Beijing might intervene to control rising pric...

By Greg Peel Holiday-Thin Despite Wall Street being closed overnight, the ASX200 shot up 35 points early in Friday’s session. Because Wall Street was closed overnight, trading was thin and volumes low, and conviction waned into the afternoo...

After yesterday's hiccup, the strong run the S&P/ASX 200 Index (ASX: XJO) has been on this November continued today. By the close of trading, the ASX 200 add...

The Block Inc (ASX: SQ2) share price is catching the eye on Friday. In morning trade, the payments company's shares have jumped 24% to $80.42. This follows the release of Block's third quarter update. Block share price jumps on solid updat...

It's proved to be another happy day for ASX investors this Thursday. At the close, the S&P/ASX 200 Index (ASX: XJO) was trading 0.9% higher, putting the index close to 6,900 points once more. But let's talk about what was going on with...

ASX closed 0.8pc higher on Wednesday A swag of reports were released today including building approvals Fed is in focus, with rates decision due at 5am AEDT tomorrow   The Australian stock market opened the month of November with a 0.8% r...

World Overnight SPI Overnight 6818.00 + 35.00 0.52% S&P ASX 200 6780.70 + 7.80 0.12% S&P500 4193.80 + 26.98 0.65% Nasdaq Comp 12851.24 + 61.76 0.48% DJIA 33052.87 + 123.91 0.38% S&P500 VIX 18.14 – 1.61 – 8.15% US...

When a quality dividend stock with structural tailwinds supporting its future drops, you need to at least consider it for your portfolio. That's because buying at a significant dip not only allows for better capital returns, but boosts the...

If you're looking for some ASX lithium shares to buy, then it could be worth checking out the five listed below. Last week, they were all given the thumbs up by brokers. Let's see what sort of returns could be on offer over the next 12 mon...

Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.21% to 6826.90. Markets @ Midday: Listen here at lunchtime or find all Market Matters Podcasts on Spotify....

Megaport Limited's (ASX:MP1) 1Q24 financial accounts were above our expectations while Key Performance Indicators (KPIs) were slightly weaker than we anticipated.

Pilbara Minerals Ltd (ASX: PLS) shares are rising on Friday. At the time of writing, the lithium miner's shares are up 2.5% to $3.95. Investors appear to be looking beyond yesterday's disappointing quarterly update, possibly on the belief...

The Australian share market has closed at a fresh low for the year, dragged down by rate-hike expectations, pressure from rising US bond yields and the geo-political environment. The benchmark S&P/ASX200 (INDEXASX: XJO) index share pric...

Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished down -0.61% to 6812.30. Markets @ Midday: Listen here at lunchtime or find all Market Matters Podcasts on Spotif...

The AX200 has closed down today, shedding just over 0.6 per cent and touching a one-year low during the day.  Only the utilities and materials sectors made gains, but there was some big news around: In the green Lithium exploration...

It was another horror show on the ASX today. By the end of this Thursday's trading, the S&P/ASX 200 Index (ASX: XJO) had shed another 0.61%. That means the index has lost close to 4% over the past week alone. But it was a far sadder st...

ASX utilities shares and ASX mining shares were the only two of the 11 market sectors to close in the green on Thursday. The S&P/ASX 200 Utilities Index (ASX: XUJ) gained 1.3% and the S&P/ASX 200 Materials Index (XMJ) lifted 0.14%...

Benchmark ASX index ends -0.6 lower Utilities only sector in the green Small caps led by LSA, AZS   The ASX200 has closed 42 points (-0.61%) lower on Thursday. May as well get you a pic. I’ll point out the important bits…   ASX200 ON THUR...

ASX tumbles after Nasdaq rout overnight Azure Minerals accepts takeover from Chliean giant SQM Megaport sinks 20pc after Q1 results   The ASX 200 dropped -0.8% on Thursday following a selloff on the Nasdaq and S&P 500 index overnight....

The S&P/ASX 200 Index (ASX: XJO) is having another disappointing session. In late trade, the benchmark index is down 0.8% to 6,800.7 points. Four ASX shares that are falling more than most today are listed below. Here's why they are d...

The Block Inc (ASX: SQ2) share price is having another day to forget on Thursday. At the time of writing, the payments company's shares are down 7.5% to $65.87. At one stage, Block's shares were down almost 9% to a new ASX low of $64.85. W...

The Megaport Ltd (ASX: MP1) share price is in freefall on Thursday morning after its latest quarterly update was released. In early trade the stock had dropped $1.88 from the Wednesday closing price of $11.51, equating to a shocking 16.3%...

It's been a pleasing recovery for the S&P/ASX 200 Index (ASX: XJO) this Tuesday, after yesterday's pessimistic start to the trading week. By close of trading today, the ASX...

Shares climbed over 1pc, as ASX 200 closed above 7,000 level Traders were bullish after dovish comments from Fed Reserve officials Origin Energy takeover is official after ACCC approval   Local shares rose over 1% on Tuesday, taking the b...

It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes. Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these...

The S&P/ASX 200 Index (ASX: XJO) has returned to form and is pushing higher at last on Thursday. In afternoon trade, the benchmark index is up 0.5% to 6,924.9 points. Four ASX shares that are climbing more than most today are listed b...

ASX slips on first day of trading for October as US avoids government shutdown  Megaport interim CFO Leticia Dorman appointed to the role ending global search Coal producer Coronado Global Resources falls after revising yearly forecast dow...