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ASX:CBA.AX News 20 January 2026

ASX 200 slides as banks, BHP drag Australian shares — what to watch next

ASX 200 slides as banks, BHP drag Australian shares — what to watch next

Sydney, January 20, 2026, 22:05 (AEDT) — Market closed. Australian shares slipped on Tuesday, with the S&P/ASX 200 dropping 0.66% to 8,815.9. Heavy selling hit banks and miners hardest, dragging the index down 58.6 points from Monday’s close of 8,874.5. (MarketWatch) The market suffered its steepest one-day decline since mid-December, hitting as traders began to reassess local rates. Financials dropped…
20 January 2026
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Stock Market Today

  • SLB Shares Show Strong Momentum Amid 46% Discount to Intrinsic Value
    January 22, 2026, 6:18 AM EST. SLB (NYSE:SLB) surged recently, posting a 26.58% gain in one month and 34.74% over three months, attracting investor attention. Despite a 7.01% decline over three years, the stock offers a compelling valuation based on its price-to-earnings (P/E) ratio of 19.9x, below the US energy services sector average of 22.2x. The firm recorded revenue of $35.247 billion and net income of $3.645 billion. Simply Wall St's discounted cash flow (DCF) model estimates SLB's intrinsic value at $90.62, implying shares trade at a 46% discount. The gap suggests the market may be factoring in risks or lower growth expectations. Investors should weigh recent momentum against these valuation metrics and risks in the energy services sector.
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