S&P/ASX 200 ends week on high note:  8 stocks you should have been watching

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has closed up 0.4% – despite US markets being closed for the Thanksgiving holiday.

Here’s a quick summary:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.4% at 5,507.8 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.4% at 5,570.5 points
  • AUD/USD at US 74.03 cents
  • Iron Ore up 1.4% to US$76.93 a tonne, according to Metal Bulletin
  • Gold down 0.3% to US$1,184 an ounce
  • Brent oil flat at US$49.00 a barrel

Tatts Group Limited (ASX: TTS) saw its share price jump after Tabcorp Holdings Limited (ASX: TAH) confirmed it had picked up a 10% stake in Tatts to scare off any rivals to its takeover offer.

Ardent Leisure Group (ASX: AAD) also saw gains of nearly 4% after a Workplace Health and Safety audit issued several notices to the company’s Dreamworld theme park. None related to guest safety.

Australia and New Zealand Banking Group (ASX: ANZ) and Macquarie Group Ltd (ASX: MQG) have been involved in yet another banking scandal – this time in Singapore – as we discussed here.

And as you might expect, there was carnage in the gold sector as the gold price continues to fall. Amongst the biggest losers were Saracen Mineral Holdings Limited (ASX: SAR), Doray Minerals Limited (ASX: DRM) and Perseus Mining Limited (ASX: PRU).

Here are today’s top stories:

  1. Why Vita Group Limited shares are going NUTS today
  2. Why the Codan Limited share price soared 20% today
  3. Another day, another bank scandal
  4. Woolworths Limited rules out selling Big W
  5. Why the Costa Group Holdings Ltd share price is soaring
  6. Chart: The 5 ways Telstra Corporation Ltd makes money
  7. Is MYOB Group Ltd a buy at this share price?
  8. Apartment prices expected to fall in 2017

Big, Fat, Dividends

This company's dividend is almost the stuff of legends. Its reliable cash flows support a high payout ratio, and the company's stash of franking credits are the cherry on the top of the dividend cake. Based on the last 12-months of dividends, shares are offering a fully-franked 6.5% yield, which grosses up to a whopping 9.3%, when those franking credits are included.

Discover out the name of this blue chip share along with 2 others in our new FREE report "The Motley Fool's Top 3 Blue Chips Stocks For 2017."

Click here to receive your copy.

Motley Fool writer/analyst Mike King owns shares in Vita Group and Woolworths. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.