3 intriguing ASX shares to buy before reporting season
3 intriguing ASX shares to buy before reporting season
It’s that crazy time of the year again. But before the madness starts, have a think about this trio.
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
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Company results season is about to start in a few days and that could see prices for certain ASX shares spike up or down.
ASX 200 up 0.6%: Zip rises, Resolute rockets, tech shares storm higher
James Mickleboro | April 14, 2021 12:07pm |
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At lunch on Wednesday the
S&P/ASX 200 Index (ASX: XJO) is on form and has broken through the 7,000 points mark. The benchmark index is currently up 0.6% to 7,019.4 points.
Here’s what is happening on the market today:
Brokers love Zip update
Zip Co Ltd(ASX: Z1P) on Tuesday has gone down well with brokers today. One of the most positive brokers was Citi. This morning its analysts upgraded the buy now pay later provider’s shares to a buy rating with a price target of $11.30. Elsewhere, Morgans has an add rating and $10.92 price target and Ord Minnett has an accumulate rating and $11.50 price target. This compares to the current Zip share price of $9.88.
Why the Fortescue (ASX:FMG) share price is sinking 6% today
James Mickleboro | March 1, 2021 10:11am |
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In morning trade, the iron ore producer’s shares are down 6% to $22.72.
Why is the Fortescue share price sinking today?
The good news for shareholders is that today’s decline has nothing to do with the company’s performance or the iron ore price.
This decline is entirely attributable to the fact that the Fortescue share price is trading ex-dividend today.
When a share trades ex-dividend, it means that it is trading without the rights to an upcoming dividend. In light of this, anyone buying shares from between now and the dividend payment date, will not be receiving the distribution.
Why Afterpay, Credit Corp, Healius, & Volpara shares are storming higher
James Mickleboro | February 2, 2021 12:19pm |
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In early afternoon trade the
S&P/ASX 200 Index (ASX: XJO) is following the lead of US markets and charging higher. At the time of writing, the benchmark index is up a sizeable 1.1% to 6,738.1 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why these shares are storming higher:
The Afterpay share price is up 6% to $144.25. Afterpay and other popular tech shares are racing higher today after a particularly strong night of trade on Wall Street on Monday. The tech-focused Nasdaq index was a very strong performer, rising a sizeable 2.55%. The S&P/ASX All Technology Index (ASX: XTX) has followed its lead and is up 2.75% this afternoon.
Last week the
S&P/ASX 200 Index (ASX: XJO) ran out of steam and just fell short of making it eight successive weeks of gains. The benchmark index edged 10.7 points or 0.2% lower to end at 6,664.8 points.
Thankfully, not all shares dropped with the market. Some even managed to record very strong gains. Here’s why these were the best performing ASX 200 shares last week:
The Credit Corp share price was the best performer on the ASX 200 last week with an 18.5% gain. Investors were fighting to get hold of the debt collector’s shares after it announced a binding agreement to acquire the Australian Purchased Debt Ledger (PDL) book of