The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rise today. The market declined sharply on Tuesday amid rising tensions from North Korea but appear to have eased overnight.
Here’s a quick recap:
- FTSE 100 (UK): down 0.87%
- DAX (Germany): down 1.46%
- CAC 40 (France): down 0.94%
- Dow Jones (USA): up 0.26%
- NASDAQ (USA): up 0.3%
We’re nearing the end of the latest round of earnings results from Australia’s listed businesses, but there are still a few results hitting the market today.
The ELMO Software Ltd (ASX: ELO) share price could receive some attention today. The company, which made its debut on the ASX in June this year, reported a 26% increase in pro forma revenue for the year ended 30 June 2017, with operating earnings (EBITDA) also rising to $1.2 million. Both were ahead of the prospectus forecast.
Ramsay Health Care Limited (ASX: RHC) reported its financial results as well, with core net profit rising 12.7% and earnings per share up 13%. Revenue for the group rose just 0.2%, although that was heavily impacted by currency movements, without which revenue would have risen 4.1%.
Auckland International Airport Ltd (ASX: AIA) also reported its monthly traffic update for July, with international passengers up by 8.4% and a 10.8% increase in Chinese visitor arrivals.
Meanwhile, investors may also keep an eye on companies such as Altium Limited (ASX: ALU) and Adacel Technologies Limited (ASX: ADA). Shares of both companies surged on Tuesday after the pair reported results that were better than the market had expected.
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
Motley Fool contributor Ryan Newman owns shares of Adacel Technologies Limited. The Motley Fool Australia owns shares of Adacel Technologies Limited and Altium. 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.
- Coronavirus (COVID-19): 6 charts every Australian needs to see – April 6, 2020 1:46pm
- Innovation through crisis – April 2, 2020 11:48am
- Coronavirus (Covid-19): Why Is Italy’s Fatality Rate So Bad? – March 26, 2020 3:39pm