Weekly | Did $XYZ Jump 10.23% on S&P 500 Hype or Bitcoin Boom?
As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,666.90 on Friday, down 1.03% in the past 5 days.
1. $Block Inc(XYZ.AU)$ +10.23%
Block's rally was fueled by index-driven liquidity, crypto product milestones, and renewed analyst confidence—temporarily overriding concerns about slowing growth.
Block's addition to the $S&P 500(.SPX)$ triggered massive index fund buying, driving a 7-11% surge as institutions front-ran the rebalancing.
Block launched Lightning Network payments, boosting adoption while Bitcoin's 80% rally increased the value of Block's $1B BTC holdings.
J.P. Morgan raised PT to $90, citing S&P inclusion and Cash App's 10% profit growth, overriding revenue concerns.
2. $FORTESCUE LTD(FMG.AU)$ +7.94%
Fortescue reported record Q4 shipments of 55.2Mt and full-year shipments of 198.4Mt, beating expectations while lowering costs to their lowest since 2020.
The company abandoned unprofitable U.S. and Australian hydrogen projects, freeing up capital and reassuring investors about disciplined spending.
Despite broader market volatility, iron ore demand held firm, and Fortescue guided for another record year (195-205Mt shipments in FY2026).
3. $LYNAS RARE EARTHS LTD(LYC.AU)$ +7.41%
Lynas achieved a milestone with 2,080 tonnes of NdPr output (up 38% QoQ) and reported 25% revenue growth ($170.2M), driven by higher rare earth prices.
The company signed an MoU to develop a 3,000-tonne NdFeB magnet plant in Malaysia, strengthening its position in the global rare earth supply chain.
Lynas completed its first commercial HRE production outside China, boosting investor confidence in its diversification strategy.
Rising NdPr prices ($60.20/kg, highest since 2022) and growing EV/wind turbine demand supported bullish sentiment.
4. $WOODSIDE ENERGY GROUP LTD(WDS.AU)$ +7.38%
Woodside reported $3.27B revenue (vs. $3.16B estimates) and 50.1 MMboe production, driven by record output from its Sangomar field (101k bbl/d, contributing $510M revenue).
The company reduced 2025 unit production costs to $8.0-$8.5/boe (from $8.5-$9.2) and maintained $8.4B liquidity, supported by a $3.5B bond issuance.
Scarborough (86% complete) and Louisiana LNG (FID secured) boosted investor confidence in future growth, with Stonepeak’s $5.7B investment reducing financial risk.
Macquarie raised its price target to $26.00, citing strong operational performance and narrowing guidance, driving short-term momentum.
5. $NEWMONT CORP-CDI(NEM.AU)$ +7.12%
Newmont reported $1.43 EPS (vs. $1.12 est.) and $1.7B free cash flow, driven by higher gold prices ($3,320/oz) and cost controls.
The company authorized an additional $3B stock repurchase and maintained its $0.25/share dividend, boosting investor confidence.
Rising gold prices (+40% YoY) and reduced AISC to $1,593/oz improved margins despite lower production (1.5M oz, down 7% YoY).
UBS raised its price target to A$105, citing Newmont as its top gold pick, while Macquarie also upgraded its outlook.
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