Steve Daghlian

It's up 27% now since the start of this calendar year and rose by another 1.2% also today.

So easily the standouts.

We are seeing the financials just pushing a little higher, but the banks have largely been mixed today.

Westpac and NAB, Macquarie all down, but we are seeing some improvements coming through from both CBA and also ANZ.

But outside of that, you've got essentially declines across all other sectors today.

Let's look at some stocks because there are a few that are making headlines today.

One of them is actually Reliance Worldwide, which is up in the order of 3.6%.

It actually said that there's not much material change to the outlook for the second half of the year or the full year either.

This is an update that it provided just before the war between the US and Iran.

It already flagged the impact from tariffs.

Remember those?

We don't really talk about tariffs very much anymore.

because of everything else that's happening globally, geopolitically at the moment.

But as far as tariffs go, Reliance Worldwide, which sells plumbing materials and products, the impact from the tariffs will likely be at the lower end of between 25 and 30 million US dollars.

This is the range it previously had already flagged.

It also did comment on the war in the

or the closure of the Strait of Hormuz, but that higher oil prices have driven up certain prices, input costs, things like resin, logistics, energy costs as well, which it's offsetting basically by lifting the prices of the products that it sells.

At this point, though, it doesn't expect the war in Iran will significantly impact its profits for the year, but it did warn, as many other companies have, that if the conflict continues and is prolonged, it's something that could impact the outlook for 2027.

A standout today on the market is Linus.

It's up around 4% or close to it.