Join our daily newsletter At The Bell to receive exclusive market insights
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.
Medical tech specialist 4DMedical (ASX:4DX) was again popular with HotCopper followers, attracting attention on news of a US$2.5 billion market entry. The company has launched CLEAR, a clinical evidence program designed to fast-track entry into the acute pulmonary embolism (PE) market.
CLEAR has been created to open a pathway to address both the existing nuclear VQ market and the materially larger CTPA-dominated PE opportunity, growing the obtainable market in the U.S., to US$3 billion.
“The detection of pulmonary embolism remains a significant problem in emergency medicine. We image too many patients for PE, exposing them to costly and potentially risky contrast, while still missing dangerous clots, contributing to unnecessary death and disease burden,” MD and CEO Andreas Fouras said.
4DX has been down -4.38% through Tuesday, to $3.93.
AI-powered counter-drone and autonomous systems defence specialist DroneShield (ASX:DRO) has scored a breakthrough, with a $24.9M contract supporting the U.S. Department of War’s joint inter-agency task force.
The contract has an initial value of $19.3M with an additional $5.6M in options for the end-user over five years. It’s for the supply of mobile and fixed-site counter-drone solutions.
DRO has been up +1.61% today.
And finally, on the mining side, Carnaby Resources (ASX:CNB) has made a “fortuitous discovery” of a new high-grade shoot at Mount Hope Central within the Greater Duchess project in Mt Isa, Queensland.
A vertical RC drill hole targeting a water bore on the edge of the planned Mount Hope Central ore reserve open pit has uncovered a new shallow high-grade extension of the Boomerang Lode structure, Miniboom. MD Robert Watkins said the lode appears to have formed in a new dilational bend, and added that the high grade is likely to be of limited strike extent of less than 70m.
CNB was up +10% to mid-arvo, to 77¢.
Looking wider, the ASX 200 dropped by -0.96%, to 8,645.6 points.
That’s Tuesday’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.
