Articles On Megaport (ASX:MP1)

The share market’s recent strong run brought up a fresh seven-week high before caution set in ahead of tonight’s US interest rate decision. The S&P/ASX 200 hit 7011.7, its highest since September 13, then more than halved its gain....

Local shares close 0.20% higher ahead of Fed meet The FOMC will hand down its rates decision tonight Coal stocks outperform on Wednesday Aussie shares inched higher on Wednesday by 0.2% as investors await the Fed’s monetary policy decisio...

The ASX 200 cracked 7000 for the first time in seven weeks as a rebound in commodity prices helped offset caution on Wall Street ahead of an interest rate decision. The Australian benchmark traded as high as 7012 before trimming its rise...

The S&P/ASX 200 Index (ASX: XJO) gained on Tuesday as the Reserve Bank of Australia (RBA) hiked interest rates once more. The index closed 1.65% higher at 6,976.9 points. The RBA lifted the nation’s cash rate by 0.25% to 2.85% at its...

The share market hit its highest in seven weeks after the Reserve Bank lifted benchmark interest rates by a quarter of a percentage point and raised its inflation forecast. The market added to early gains after the bank resisted calls to...

The ASX 200 rose for the sixth time in seven sessions ahead of a likely interest rate rise this afternoon. The Australian benchmark broke above 6900 for the first time since mid-September shortly before lunchtime. The index was 51 points...

It was a month to remember for the S&P/ASX 200 Index (ASX: XJO) in October. The benchmark index charged an impressive 6% higher during the month. Unfortunately, not all ASX 200 shares managed to climb with the market and some even re...

At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers. This is because I believe it is well worth keeping a close eye on short interest levels as high lev...

The share market pared a winning week after the price of the nation’s most valuable export fell sharply and a horror run for US Big Tech continued with an earnings miss from Amazon. The S&P/ASX 200 declined 59 points or 0.87 per cent...

The share market suffered the first setback of a positive week after iron ore fell to a two-year low and disappointing US earnings weighed on the tech sector.    The S&P/ASX 200 declined 37 points or 0.54 per cent by mid-session. Des...

After a tough year, more than one expert reckons ASX shares will follow the historical pattern and shoot upwards heading into Christmas. The reasoning is that the market can finally see the light at the end of the tunnel. There is optimism...

One investment specialist believes that a handful of ASX 200 shares could be attractive merger or acquisition (M&A) targets. Tribeca Investment Partners lead portfolio manager Jun Bei Liu gave her analysis of these shares in an article...

The S&P/ASX 200 Index (ASX: XJO) recovered some of last week’s losses on Monday as materials shares soared. The index closed 1.54% higher at 6,779.4 points. Its gain came after all three of the US’ major indices closed Friday in th...

The ASX 200 tracked Wall St higher RBA says it wants households to reduce spending to curb inflation China released a handful of economic data   Local shares are tracking Friday’s rally in New York as the ASX 200 closed Monday 1.6% higher...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes. By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macqu...

Australia’s S&P/ASX 200 (INDEXASX: XJO) futures in Sydney are pointing to a strong, positive open for the Aussie market on Monday morning. The Whitehaven Coal Ltd (ASX: WHC) share price and Megaport Ltd (ASX: MP1) share price are in foc...

At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers. This is because I believe it is well worth keeping a close eye on short interest levels as high lev...

Highlights Australian shares opened flat on Friday. The ASX 200 fell in opening trade, slipping 4.10 points to 6,726.60. On Thursday, the benchmark index ended 1% lower at 6,817.5 points. Australian shares opened flat...

ShareCafeTwo-day winning streak over: ASX closes down 1.02% by Lauren Hayes   Local markets halted a two-day winning streak today and not even the energy sector could lift the S&P/ASX 200, which closed 1.02 per cent or 69.40 points lowe...

Highlights The ASX 200 benchmark index closed down today (20 October), losing 72.70 points or 1.07% to end at 6,727.40 points. Over the last five days, the index has gained 1.28%, but is down 9.63% for the last year to date. IT and ma...

The ASX stumbles again on Thursday Aussie unemployment stays at 3.5%, a 50-year low Medibank cyber saga continues as AFP steps in Market volatility continues as local shares tumbled once again on Thursday, this time by 1.1%. The ASX has t...

Australian shares tracked Wall Street lower after the cost of borrowing rose and the jobs market showed early signs of slowing. The S&P/ASX 200 declined 69 points or 1.02 per cent to 6731. The retreat continued a burst of moves of...

The S&P/ASX 200 Index (ASX: XJO) is on course to record a sizeable decline. In afternoon trade, the benchmark index is down 1.2% to 6,720 points. Four ASX shares that are not letting that hold them back today are listed below. Here’s...

Australian shares fell for the first time in three sessions as record results from energy giants Woodside and Santos were overshadowed by weak jobs data and renewed worries about rising rates. The S&P/ASX 200 dropped 78 points or 1.1...

ShareCafeJobs data misses predictions: Aus shares 1% lower at noon by Peter Milios   The two-day rally for US equities came to an abrupt end and bond yields soared as hawkish comments from Fed officials and another round of strong earnings...

Winner The Woodside Energy Group Ltd (ASX: WDS) share price has gained $1.65 or 5.1% to $34.20 in Thursday morning trade after the oil and gas producer reported record third-quarter production, sales volume and revenue, up 52%, 59% and 70%...

The Woodside Energy Group Ltd (ASX: WDS) share price is on the move on Thursday. In morning trade, the energy giant’s shares are up 5% to $34.20. This follows the release of Woodside’s third quarter update this morning. Woodside share...

The Australian share market backed-up its Tuesday effort with a solid performance on Wednesday, with the benchmark S&P/ASX200 (INDEXASX: XJO) index gaining 20.9 points, or 0.3 per cent, to 6,800.1, while the 500-stock All Ordinaries (AS...

World Overnight SPI Overnight 6744.00 – 47.00 – 0.69% S&P ASX 200 6800.10 + 20.90 0.31% S&P500 3695.16 – 24.82 – 0.67% Nasdaq Comp 10680.51 – 91.89 – 0.85% DJIA 30423.81 – 99.99 – 0.33% S&P500 VIX 30.76 + 0.26 0.85...

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was on form again and pushed higher. The benchmark index rose 0.3% to 6,800.1 points. Will the market be able to build on this on Thursday? Here are five things to watch: ASX 200 expected...

ShareCafeMore quarterlies released: ASX finishes marginally in the green by Peter Milios   The ASX closed the day slightly higher as more companies are starting to release their quarterly reports. Overall, at the closing bell, the S&P/A...

Highlights The ASX 200 benchmark index closed up today (19 October), gaining 20.90 points or 0.31% to end at 6,800.10 points. Over the last five days, the index has gained 2.30%, but is down 8.66% for the last year to date. Utilities...

It has been a day to forget for the Megaport Ltd (ASX: MP1) share price. The network-as-a-service provider’s shares ended the day a whopping 22% lower at $6.61. Why did the Megaport share price crash deep into the red? Investors have bee...

The ASX closed higher on Wednesday Corporate earnings were the focus as BHP, Origin Energy and Beach Energy gave updates Lithium stocks climbed once again   The ASX 200 has at last managed to scrape together two winning days in a row, as...

Megaport [ASX:MP1] released its activities and operations report for the quarter that ended on 30 September 2022. The post Megaport Sinks Despite ‘Second Consecutive Quarter of EBITDA Profit’ appeared first on Money Morning Australia.

The share market secured back-to-back gains for the first time in almost two weeks as strengthening US futures hinted at a third night of gains on Wall Street. The S&P/ASX 200 rallied 21 points or 0.31 per cent to 6800, its highest c...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decent gain. At the time of writing, the benchmark index is up 0.4% to 6,807.6 points. Four ASX shares that have failed to follow the market higher t...

It’s quarterlies season again as the ASX market announcements page becomes increasingly flooded with the first wave of lodgements.  Signs of a recession are hard to find as lenders churn out record originations and step up their loan books....

ASX ends at a two-week high. Lithium stocks rally, Megaport sinks on update, Qantas hits pre-Covid high, Telstra restructure approved and Medibank contacted by group over breach.

ASX regains yesterday’s losses as volatility in the market continues All ASX sectors rose except Energy RBA deputy governor Michelle Bullock says RBA will keep lifting rates   The seesaw game continues as the ASX 200 gained 1.80% on Tuesd...

The S&P/ASX 200 Index (ASX: XJO) jumped higher on Tuesday, driven by tech shares. The index ended the day 1.72% higher at 6,779.2 points. Its strong performance followed Wall Street’s day in the green. The Dow Jones Industrial Averag...

The S&P/ASX 300 (ASX: XKO) is up 1.36% in afternoon trading, but one technology share is soaring higher. The Appen Ltd (ASX: APX) share price has gained 5.36% at the time of writing and is currently trading at its intraday high of $2...

No-one rings a bell at the top of a bull market or at the bottom of a bear market. In hindsight, any of us (like me), who were holding onto fast-growing yet loss-making growth stocks as inflation started spiking upwards, wished they could...

The S&P/ASX 200 Index (ASX: XJO) started the week out on the wrong foot. It fell 1.4% on Monday to close at 6,664.4 points. It followed a similarly disappointing Friday on Wall Street wherein the Dow Jones Industrial Average Index (DJX...

The ASX wiped out Friday’s gains, down by 1.4% today All 11 sectors were in the red AUD under more pressure, down to 62.c US cents   The ASX 200 tracked Wall Street’s loss, closing 1.4% lower on Monday as all 11 sectors finished in the re...

At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers. This is because I believe it is well worth keeping a close eye on short interest levels as high levels...

Ask A Fund Manager The Motley Fool chats with the best in the industry so that you can get an insight into how the professionals think. In this edition, Medallion Financial managing director Michael Wayne decides whether he’d buy or avoid...

It’s been a rough year for the share price of S&P/ASX 200 Index (ASX: XJO) tech stock Megaport Ltd (ASX: MP1). Not only has it dumped 60% year to date to trade at $7.67, but the company’s short position has been on the up and up. Megap...

ShareCafeASX continues its woes: Aus shares close 0.34% lower by Peter Milios   The ASX kept sliding from lunch time, falling by a total of 0.34 per cent or 22.80 points, to close the day at 6645.00. Banks continued to give their valuations...

The ASX is down 0.24% with 6 out of 11 sectors in the red 290 Aussie listed companies are expected to host AGMs in the next two months Earnings Per Share growth is predicted to slow from around 23% in FY22 to 5% in FY23    The ASX 200 clo...