ASX Midday Hot Stocks: Dyesol, Aurizon and Aristocrat

The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) is up 0.1% at midday, at 5,217.1, with the Australian dollar staying below parity and currently buying 99.8 US cents. Companies driving the market appear to be those with significant offshore earnings – or those who will benefit from a lower exchange rate.

Here’s why these three stocks are hot right now.

Dyesol Limited (ASX: DYE) is continuing its strong run, gaining another 7 cents, or 23% to trade at 37 cents. Last week the company announced that it had achieved a ‘game-changing’ technical beakthrough, with its solar cells now grid competitive – the holy grail for renewable energy. Additionally, Dyesol’s products can be integrated into building products, such as windows, offering a new way of using its technology.

Aurizon Holdings (ASX: AZJ) ex-QR National, shares are up 1.6% on strong volumes to $4.41, after the company left the door open to acquire the remainder of the stake currently held by the Queensland government. Aurizon also announced that it was in talks to sell a minority stake in its rail tracks business, which could generate at least 1.3 billion in cash.

Aristocrat Leisure (ASX: ALL) is up 3.6% to $4.33, driven by the falling Australian dollar. Much of Aristocrat’s earnings comes from overseas, with a heavy exposure to the US. Close to half of Aristocrat’s revenues come from North America, which is more than double its Australian sales. A falling dollar will boost the company’s results.

In the market for high yielding ASX shares? Get “3 Stocks for the Great Dividend Boom” in our special FREE report. Click here now to find out the names, stock symbols, and full research for our three favourite income ideas, all completely free!

More reading

The Motley Fool’s purpose is to help the world invest, better.  Click here now  for your free subscription to Take Stock, The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead.  This article contains general investment advice only (under AFSL 400691). Motley Fool writer/analyst Mike King doesn’t own shares in any companies mentioned.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!