ASX Small Caps Lunch Wrap: Who else is hearing love songs this morning?

I think it’s safe to say there’s something annoying about dolphins. They’re clearly super smart and seem genuinely friendly – but their penchant for sexual assault is a bit of a blemish that’s impossible to overlook.

That’s what makes what should be an original little story about interesting research from Shark Bay in Western Australia into a vaguely menacing tale that should strike fear into the hearts of swimmers and obviously terrible pop music fans.

According to scientists, the male dolphins of Shark Bay seem to have discovered a new way to attract women and, as any screaming One Direction fan can attest, it’s by using one of the most magnetic forces of attraction. nature’s most powerful.

Researchers from the Shark Bay Dolphin Research Alliance (SBDRA) estimate they have observed groups of up to 14 males coming together, singing dolphin songs and “dancing” in synchronized movements.

These sightings can only mean one thing: dolphins in Shark Bay form groups of boys to attract females to pave the way for a little naughty action.

So far, researchers aren’t 100% sure how effective this tactic will be – or, indeed, where Simon Cowell even found the time to select this latest underwater abomination from the song. and dance.

And there’s no word on what the Dolphins have called this girl-bait supergroup – but current favorites are Furious Flipper 5, The Blowhole Boyz or the clearly J-Pop inspired ‘水生性的暴行の乗組員’.

It seems to work, as there are enough dolphins in Shark Bay to have its own research facility, which means there must be something behind the tactic.

So unless you know 100% that you’re immune to the charms, beats, and rhythmic moves of boy bands, then swimming in the waters of Shark Bay is just a TMZ segment waiting to go. produce.

…and with this delightful image in mind, let’s take a look at what’s happening above sea level.

AT THE MARKETS

Australian markets opened strongly today, jumping 80 points from yesterday’s close and remaining fairly flat, heading for a 0.9% gain before lunch.

Overlooking the sectors, it is a magnificent sea of ​​greenery (check behind for the dolphin), with particularly strong results for utilities (+1.44%), real estate (+2.06%), industry (+1.16%) and energy (+1.12 %).

There were no big players at the top of the winners’ chart this morning – the closest we got was Temple & Webster (ASX:TPW) (market cap around $600 million), which has shown a massive improvement over the past two days, rising 9.5% this morning to approach $5.00 a pop.

There were, however, some big name dropouts. BrainChip (ASX:BRN)who has been in tears since July 12, returned 10.6% of his winnings this morning, and it looks like yesterday’s victory of PointsBet (ASX:PBH) was part of an unsuccessful multi-step punt, with the gaming company losing 7.2% this morning.

There are stellar results among small caps, but we’ll get to that in a moment, because it’s time to grab your passport for a whirlwind tour of the big, wide world.

NOT THE ASX

Overnight, Wall Street hit a two-month high with all major US indices up 1% despite a negative Q2 GDP reading, this time down 0.90%, after 1.6% in T1.

It’s the second contraction in a row, which means either the US has meandered like a wandering geriatric into recession territory or it’s about to have a baby. And honestly, it could be either, because US President Joe Biden is absolutely categorical there is no recession.

It is therefore somewhat surprising that Wall Street has retained its optimism because one quick glance through the US media and you could be forgiven for thinking the sky was about to fall.

Eddy Sunarto reports that after the closing bell, Apple reported record June quarter revenue of $83 billion, up 2% year-on-year. Its share price edged up 0.4%.

Amazon also reported after-hours profits, posting a quarterly loss of $2 billion, its second in a row after losing $3.8 billion in the previous quarter. However, its stock price jumped 10% after the bell.

Asian markets seem largely indifferent to events in America – or anywhere else, for that matter. Japan’s Nikkei is up 0.2%, Hong Kong is up 0.1% and Shanghai is right in Shanghai, hovering almost flat (but down 0.04% if you look for details).

Commodities climbed for a second straight day, with oil up 0.84% ​​and natural gas up 0.27%, while gold edged up 0.11%, silver 0.49% and copper 0.33%.

Crypto had a fabulous evening, with ETH charged towards its date with merger fate – and a surprise mega-jump from WING had everyone around the water cooler this morning talking.

You can catch it all the best of morning crypto news herewritten by a man who clearly knows his stuff and is super cool, maybe downright handsome.

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for July 29 [intraday]:

Swipe or scroll to view the full table. Click on the headers to sort:

At the top of the charts this morning is Cygnus Gold (ASX:CYG)up 31% on news of a binding deal under which it can earn up to 70% of the Pontax Lithium project in Quebec, Canada.

Pontax is a juicy project, with completed exploration work showing high grade and shallow intersections like 9.0m at 1.7% Li2O from 46.9m and 15.6m at 1.6% Li2O from 83.9m, just down the road from the existing James Bay (40 Mt at 1.4% Li2O), Whabouchi (56 Mt at 1.4% Li2O) and Rose (34 Mt at 0, 9% Li2O).

Mobile communication platform player Tinybeans (ASX:TNY) also had a good morning, up 26% on tiny revenue of $9,500, and contact lens maker Visioneering (ASX:VTI) jumped around 18%, reversing a recent dip in form.

Big time mover this morning was Sezzle (ASX: SZL), which started with a 30% jump, then bounced off the high to follow a 5% gain (and down) when the lunch bell rang.

And in the doldrums were Pivot System (ASX:PVS)down 26% after the release of its quarterly, as Dubber (ASX:DUB)which lowered its quarterly and 23%.

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for July 29 [intraday]:

Swipe or scroll to view the full table. Click on the headers to sort:



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Grace D. Erickson