To The Moon

As of the close on Friday,$S&P/ASX 200(XJO.AU)$ closed at 7,051.00 points, up 1.39% in the past 5 days.

During the last 5 trading days,  $Nicolet Bankshares Inc.(NIC)$ was up 12.68%; $Bega Cheese(BGA.AU)$ added 12.45%; $PEXA Group Ltd(PXA.AU)$ was up 12.09%; $Allkem Limited(AKE.AU)$ rose 9.35%; and $Silver Lake Resources(SLR.AU)$ increased 9.20%.

1. $Nickel Industries Ltd(NIC.AU)$ rebound from the oversold situation

NIC has not released any new announcements, and there are no recent filings with the SEC or analyst coverage that could explain the sudden increase in stock price.

One possible reason is that the stock was oversold last Friday and hit a historical low record with nickel prices continue to go down. But the companies has a relatively good fundamentals, with ROE being 6.9%. 

While Nickel Industries' ROE is below the industry average of 10%, the company has managed to achieve a substantial 30% net income growth in the last five years. This growth outpaces the industry average of 23%, suggesting efficient profit utilization.

Despite a projected increase in the payout ratio, Nickel Industries' future ROE is expected to rise to 14%, driven by factors that remain undisclosed.

 2. $Bega Cheese(BGA.AU)$ rebound: analysts upgrade to 'Buy' with $3.35 PT

Bega Cheese is an Australian public company that produces dairy food products.

The company’s share price has been volatile in the past few months and fell to a new low of A$2.43 on 3rd October. Then the stock rebounded this week for 4th consecutive days.

Today, analysts at Bell Potter raised their rating for this dairy company's shares to "buy," setting a price target of $3.35.

The upgrade was based on the company's valuation and the potential for additional gains if the company successfully executes its turnaround initiatives.

3. $PEXA Group Ltd(PXA.AU)$ rebounds from 7% plunge caused by acquisition of Smoove

The market reacted negatively to Pexa's acquisition of Smoove, causing a 7% drop in shares the following day. 

The acquisition, aimed at entering the U.K. market, is viewed skeptically due to Pexa's challenges in the remortgage market.

Despite this setback, analysts maintain a fair value estimate of AUD 15 per share for Pexa, with its core business in Australia alone valued at AUD 14 per share.

4. $Allkem Limited(AKE.AU)$: Goldman Sachs sets PT of $15.20

Allkem's share fell to a low point of $10.69 last Friday and continues to rebound this week. 

Another possible reason contribute to its rally is  a positive broker note from Goldman Sachs.

Analysts at Goldman Sachs have recommended Allkem as a buy, setting a price target of $15.20. This suggests a potential upside of nearly 30% from the current price levels.

5. $Silver Lake Resources(SLR.AU)$ benefits from gold price surge

Silver Lake Resources is an all-Australian, ASX listed gold and copper producing and exploration company.

Gold prices rose on Friday, marking their best week since mid-March, driven by lower U.S. bond yields and the likelihood of a pause in the Federal Reserve's rate hike cycle. Spot gold increased nearly 1% to $1,886.40 per ounce, with U.S. gold futures climbing 0.9% to $1,899.20.

The decline in yields, a weaker dollar, and geopolitical uncertainties, including the conflict in Israel, bolstered gold's appeal. Analysts anticipate a potential resurgence, with prices possibly reaching $1,900 an ounce.