The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to continue its rise today following yesterday’s 41-point jump and a positive session for international markets.
Here’s a quick recap:
- FTSE 100 (UK): up 0.62%
- DAX (Germany): up 1.59%
- CAC 40 (France): up 1.33%
- Dow Jones (USA): up 0.57%
- NASDAQ (USA): up 0.84%
Australian-listed technology stocks could remain in focus today following yesterday’s acquisition of Aconex Ltd (ASX: ACX). The business was purchased at a 47% premium to its previous closing price, leading some to believe that other tech businesses may also be undervalued.
The GetSwift Ltd (ASX: GSW) share price could also receive some attention after it announced a partnership agreement with Toast. The update provided no details on the terms of the agreement, nor any indications regarding how much revenue it could generate.
Iron ore miners such as BHP Billiton Limited (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) could also receive some attention after the iron ore price surged 3.7% higher overnight, according to The Metal Bulletin.
These 3 stocks could be the next big movers in 2020
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.*
In this FREE STOCK REPORT, Scott just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.
*Returns as of 6/8/2020
Motley Fool contributor Ryan Newman owns shares of WiseTech Global and Xero. The Motley Fool Australia owns shares of and has recommended ACONEX FPO. The Motley Fool Australia owns shares of WiseTech Global and Xero. 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