With more than seven million daily users on the HotCopper forums, each and every discussion can move markets. That’s why getting in front of those red-hot trends is key for every trader worth their salt. In this daily HotCopper Trends column, we break down the top Oz stocks through each trading day.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Technical companies were of major interest to HotCopper followers today; global medical technology company 4DMedical (ASX:4DX) was the most watched after confirmation it is undertaking a major expansion into Europe.
That move is being accelerated with 4DX’s purchase of Austrian-based lung cancer screening and advanced thoracic imaging solutions specialist, Contextflow.
The company’s MD and CEO, Andreas Fouras, said the Contextflow move positions 4DMedical across three continents, creating a global footprint spanning North America, Europe, and ANZ, and advancing the company’s strategy to become the global leader in advanced lung analysis software.
4DX was up +6.27% through to lunchtime, at $4.16.
Also notable on the tech front was 1414 Degrees (ASX:14D), which has created an Aerospace, Drone & Defence Advisory Board to support its global growth and commercialisation plans.
Comprising six experts, the board will provide critical planning paths and contacts to help deploy 14D’s energy storage technology across the drone, aviation, aerospace, robotics, satellite and other high-growth markets.
The board includes the former CEO of DroneShield (ASX:DRO), as well as former senior executives from Elsight (ASX:ELS), Lockheed Martin (UAV division), Airbus US Space & Defence, Northrop Grumman, General Dynamics, GE Aviation, and senior United States military and national security leaders with extensive drone, aerospace, aviation and space industry experience.
14D was up +22%, to 15.3¢.
Finally, industrial minerals and tech company Syrah Resources (ASX:SYR) received positive news on its offtake agreement with Tesla for the supply of natural graphite active anode material from the AAM facility in Louisiana.
Syrah has been informed Tesla has withdrawn its intent to terminate the offtake agreement and accepts that Syrah has demonstrated it is producing conforming AAM samples and has made sufficient progress to cure an alleged default.
However, the customer has confirmed that it reserves its right to terminate the offtake agreement due to final qualification of the AAM not being achieved.
Syrah told the ASX this morning that it is progressing through advanced stages of qualification testing approvals with the customer.
SYR was up +25% on the news.
Then, looking wider, the S&P/ASX 200 has bounced back. The All Ords hit 8,967 points at time of writing, after Wall Street finished strongly.
That’s Monday’s HotCopper Trends, I’m Colin Sandell-Hay. See you for close.
Join the discussion. See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
