Today: 23 May 2026

Mineral Resources (ASX:MIN) share price slips as broker turns cautious, spotlight shifts to Feb 20 results

Mineral Resources (ASX:MIN) share price slips as broker turns cautious, spotlight shifts to Feb 20 results

Mineral Resources Ltd shares fell 1.45% to A$56.32 Monday, extending a five-day slide to nearly 12%. Ord Minnett downgraded the stock to Hold, while raising Pilbara Minerals to Accumulate. Shares swung between A$53.15 and A$56.84 during the session. The company’s planned lithium sale to POSCO remains pending, with half-year results due Feb. 20.
Evolution Mining Limited share price slides as gold rout deepens — what to watch next

Evolution Mining Limited share price slides as gold rout deepens — what to watch next

Evolution Mining shares fell 5.6% to A$13.88 after spot gold plunged 3.3% to $4,703 an ounce, triggering forced liquidations as CME Group raised futures margins. Northern Star Resources dropped 8%. The ASX benchmark lost 1%, with miners leading declines. Investors await the Reserve Bank of Australia’s decision Tuesday and Evolution’s half-year results next week.
Northern Star share price skids 8% as gold rout rattles ASX miners — what to watch next

Northern Star share price skids 8% as gold rout rattles ASX miners — what to watch next

Northern Star Resources shares fell 8.1% to A$26.60 on Monday, with about A$308 million traded, after gold prices slumped and margin requirements rose. The company had already cut its FY26 production and cost guidance in January, citing outages and weak grades. Newmont and Evolution Mining also declined. Investors now await Northern Star’s half-year results on February 12.
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

Stock Market Today 02.02.2026

Indian stocks surged after a new India-US trade deal, with Nifty up 574 points to 25,663 and Sensex gaining 1,929 points to 83,595. U.S. President Trump announced a tariff cut on Indian goods to 18%. Sector gains topped 3%, led by Adani Ports, Bajaj Finance, Reliance, and Infosys. Prime Minister Modi welcomed the agreement.
2 February 2026
National Silicon Industry Group (688126.SS) stock drops nearly 3% — what traders are watching in China’s wafer name

National Silicon Industry Group (688126.SS) stock drops nearly 3% — what traders are watching in China’s wafer name

National Silicon Industry Group shares fell 2.8% to 21.78 yuan in Shanghai by 10:26 a.m., tracking a broader drop in Chinese stocks. The company forecast a 2025 net loss of up to 1.53 billion yuan, citing wafer price pressure and possible goodwill impairment. 300mm wafer sales rose over 25%, but margins remained under strain. Investors watched for macro data and tech earnings to gauge risk appetite.
Shanghai Biren Technology Class H shares slide as new IPO stock hits tape in Hong Kong

Shanghai Biren Technology Class H shares slide as new IPO stock hits tape in Hong Kong

Shanghai Biren Technology Class H shares fell 2.1% to HK$34.06 in early Hong Kong trading Monday after 42.7 million over-allotment shares began trading. The new supply follows the full exercise of the IPO’s greenshoe option, raising an extra HK$821.9 million for the company. Investors are watching if the stock can hold gains through the Feb. 2 close as the float expands.
2 February 2026
Rockchip stock price slides in Shanghai: mixed PMI signals and chip-sector churn hit early trade

Rockchip stock price slides in Shanghai: mixed PMI signals and chip-sector churn hit early trade

Rockchip Electronics Class A shares fell 2.6% to 186.27 yuan in Shanghai by mid-morning Monday, with 3.9 million shares traded. The drop follows a sharp January rally in Chinese chip stocks and comes as traders weigh mixed factory data and rising costs ahead of the Lunar New Year. China’s official manufacturing PMI slipped to 49.3 in January, while a private survey showed a slight uptick to 50.3.

Stock Market Today

  • Bank of Nova Scotia Shares Rise 61% in 12 Months but Valuation Still Attractive
    May 23, 2026, 10:25 AM EDT. Bank of Nova Scotia (TSX:BNS) has surged 61.5% over the past year, reaching about C$110.27. Despite this strong performance, valuation analysis indicates the shares may still be undervalued by roughly 31% based on the Excess Returns model, which calculates intrinsic value by comparing profits against shareholder-required returns. Analysts estimate a fair intrinsic value near C$160 per share, suggesting potential upside. The stock's robust returns contrast with peers and reflect its strong position in Canadian and cross-border banking sectors within the TSX financials segment. Bank of Nova Scotia scored 4 out of 6 in Simply Wall St's valuation framework. Investors should consider these factors alongside traditional metrics, such as price-to-earnings ratios, before deciding if the current price adequately captures its growth and risk profile.

Latest articles

Campbell’s Stock Finally Bounced—But June 8 Could Decide What Comes Next

Campbell’s Stock Finally Bounced—But June 8 Could Decide What Comes Next

23 May 2026
Campbell’s shares rose 2.6% to $20.58 Friday, rebounding from a 52-week low but remaining near that mark. The stock closed the week up 2.8% ahead of a long U.S. market break for Memorial Day. Campbell’s will report fiscal third-quarter earnings on June 8. Analyst DA Davidson cut its price target to $20, citing competition and inflation.
Firefly Aerospace Stock Rockets 15% As SpaceX IPO Buzz Puts FLY Back On Traders’ Radar

Firefly Aerospace Stock Rockets 15% As SpaceX IPO Buzz Puts FLY Back On Traders’ Radar

23 May 2026
Firefly Aerospace shares jumped 15.5% to $49.50 Friday, closing above their August IPO price and capping a 22% weekly gain after SpaceX news revived interest in space stocks. Trading volume was heavy ahead of the long U.S. holiday weekend. SpaceX’s planned IPO, possibly valuing it at $1.75 trillion, drove sector momentum. Firefly also announced a Texas campus expansion and reported record Q1 revenue but posted a $96.7 million net loss.
HP Stock Just Jumped 15%. One Earnings Report Could Decide the Rally

HP Stock Just Jumped 15%. One Earnings Report Could Decide the Rally

23 May 2026
HP Inc. shares surged 15.25% to $25.24 Friday, closing out a six-day rally ahead of its fiscal Q2 earnings due after Wednesday’s close. The stock now sits 21% above its May 15 close. HP warned of ongoing memory chip cost volatility and noted AI PCs made up over 35% of Q1 shipments. The company declared a 30-cent dividend payable July 1.
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