Investors looking for companies that will benefit most from the end of lockdowns should look past the obvious potential winners to dentists, car dealerships and malt producers.
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Doximity Inc. (NYSE:DOCS) went up by 33.02% from its latest closing price compared to the recent 1-year high of $68.71. The company’s stock price has collected 24.51% of gains in the last five trading sessions. Press Release reported 13 hours ago that Thinking about trading options or stock in Ope
Credit Corp Charts A Growth Path For US Debt
This story features CREDIT CORP GROUP LIMITED. For more info SHARE ANALYSIS: CCP
Credit Corp is charting difficult territory amid disruptions from government stimulus and lender forbearance, yet expansion in the US provides an opportunity to increase debt purchases
-Excess liquidity will enable Credit Corp to capture share
-Capacity to earn is significantly improved amid large potential in the US
-Arrears on losses at historical lows but not expected to continue
By Eva Brocklehurst
Despite the volatile conditions created by the pandemic for the debt purchasing industry, Credit Corp ((CCP)) was able to deliver an FY21 result at the top end of guidance. Yet FY22 appears a little difficult to map out, as industry volumes are taking time to recover amid the disruption caused by government stimulus and forbearance measures taken by lenders.
Afterpay Day
The clue was in the SPI futures, which closed up 0.5% on Saturday morning after the S&P500 fell -0.5% on Friday night, and for no obvious reason. The trend this year has been that whenever the overnight futures make a seemingly oversized, contrarian move, a big buy/sell order is going to hit the ASX.
Yesterday saw the banks, healthcare, energy, discretionary, staples and utilities all rally 1.3-1.9%, and it’s pretty difficult to justify why. Industrials, property and telcos chimed in with around 0.6%. Other than a couple of specific events yesterday, this looks very much like a “Buy Australia” order from someone, probably foreign, aided by the present level of the currency.