To The Moon

As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at a record high of 7,770.60 on Friday, up 1.31% in the past 5 days. 

1. $PALADIN ENERGY LTD(PDN.AU)$ surged 14.94% following a rebound in uranium prices

• Despite a recent dip due to a 20% fall from 16-year highs in February, prices rose to $88.50 per pound. This uptick reignited investor interest in ASX uranium shares

• Paladin Energy announced plans to restructure its share capital, proposing a consolidation where ten existing shares will become one. This move aims to align its share count with its ASX 200 status and attract more international investors.

2. $WEBJET LTD(WEB.AU)$ rose another 14.25% on positive guidance

• Webjet's continues its uptrend like last week following its 2024 WebBeds Strategy Day and update on its guidance for FY 2024.

• The company expects FY 2024 underlying EBITDA to be above the midpoint of the $180 million to $190 million range.

• Management projected significant growth in total transaction value (TTV) over the coming years, aiming for $10 billion by FY 2030 with a 50% EBITDA margin.

3. $LIFE360 INC-CDI(360.AU)$ soared 12.66% on improved ad strategy

• Life360's stock rose as the company announced plans to sell advertisers access to its user base, indicating improved monetization strategies.

• Analysts from Morgan Stanley noted that this approach allows for monetization of users from the moment they sign up, rather than waiting for them to subscribe.

• This suggests potential for accelerated user growth with increased sales and marketing investments.

• Moreover, the company beat the recent earnings. Revenue increased by 33% to $305 million, with subscription revenue up 52%.

4. $BELLEVUE GOLD LTD(BGL.AU)$ added 12.20% as gold prices hit $2200

• Gold prices surged above $2,200 after a dovish press conference by the Federal Reserve, boosting investor confidence in gold-related assets like BGL.

• The gold developer announced successful infill drilling at Deacon Main, revealing a significant high-grade ore shoot in the near-mine schedule.

5. $FISHER & PAYKEL HEALTHCARE C(FPH.AU)$ up 9.86% on positive guidance

• FPH hit its highest level since February 7th after it raised guidance for fiscal year performance.

• The medical equipment distributor expects FY operating revenue to be approximately NZ$1.73 billion, up from the previous forecast of NZ$1.7 billion.

• Additionally, the projected underlying profit after tax is set to be in the range of NZ$260 million to NZ$265 million, compared to the previous estimate of NZ$250 million to NZ$260 million.