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8 shares you should have been watching on Thursday

The local share market ended today’s session flat following a mostly positive night for international equity markets.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5689 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5753 points
  • AUD/USD at US 79.89 cents
  • Iron Ore at US$78.39 a tonne, according to the Metal Bulletin
  • Gold at US$1,335.10 an ounce
  • Brent oil at US$54.14 a barrel

A number of companies hit new heights today, including WiseTech Global Ltd (ASX: WTC), South32 Ltd (ASX: S32) and Worleyparsons Limited (ASX: WOR). The trio rose 3.3%, 0.3% and 1%, respectively.

The Telstra Corporation Ltd (ASX: TLS) produced a strong return as well, lifting 2.8% after Credit Suisse increased its price target on the shares.

Sky Network Television Ltd (ASX: SKT) also jumped 4.6%, while Orocobre Limited (ASX: ORE) rose 4.9%.

Ardent Leisure Group (ASX: AAD) finished the session at the other end of the market, dropping 2.7%. ASX Limited (ASX: ASX) also had a day to forget, shedding 2.3%.

Why Elon Musk’s “secret weapon” was the most shorted share in Australia...

On 9 March, the visionary Tesla co-founder and CEO made a bold $63,000,000 to save a large swath of Australia. But in the process, he accidentally revealed the small Melbourne-based company that allows him to consistently make the impossible possible. At one point, this little understood company was actually the single most heavily shorted share in all of the ASX. Yet oddly enough, nine out of 10 analysts call it a screaming BUY! And that includes Motley Fool Australia.

We just isolated this company as Elon Musk’s “secret weapon”, and think it’s dynamic run (up more than double after initially floating shares just two and a half years ago!) is only getting started. For the full story on this company, as well as how to get invested alongside us today, simply click here!

Motley Fool contributor Ryan Newman owns shares of WiseTech Global. The Motley Fool Australia owns shares of ASX Limited, Telstra Limited, and WiseTech Global. 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.

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