The futures market is pointing to another 20-point gain at the opening bell this morning, boding well for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) after yesterday’s 67-point climb.
Here’s a quick recap:
- FTSE 100 (UK): up 0.29%
- DAX (Germany): up 0.06%
- CAC 40 (France): up 1.11%
- Dow Jones (USA): up 1.23%
- NASDAQ (USA): up 1.58%
Companies reporting their earnings results will continue to command the market’s attention today.
Medibank Private Ltd (ASX: MPL), whose share price rose 1% to $3.04 on Thursday, reported its interim results. The insurer’s premium revenue rose 1.8% to $3.18 billion while its net profit rose 5.9% to $245.6 million.
Baby Bunting Group Ltd (ASX: BBN) reported a 9.8% increase in sales although comparable store sales declined 1.7%, with price deflation of 4.3%. It did, however, say that momentum has been building with comparable store sales growth of 4.5% during the first six weeks of the second half.
Auckland International Airport Ltd (ASX: AIA) issued its interim results, too, reporting revenue growth of 6.9% and underlying earnings growth of 7.8%. That was on the back of a 6.4% increase in passenger movements. The interim dividend also rose by 7.5% to 10.75 cents per share.
Primary Health Care Limited (ASX: PRY) reported revenue of $856.5 million, up 5.9% on the prior corresponding period, while its profit rose 5% to $44 million. The company did increase its interim dividend to 5.1 cents, up from 4.8 cents previously.
And iSelect Ltd (ASX: ISU) reported its results, with revenue climbing 7% and underlying operating earnings (EBITDA) up 20%.
Other companies that could also receive some attention include Domino’s Pizza Enterprises Ltd. (ASX: DMP), whose shares have now fallen 12% in the past three sessions, and Healthscope Ltd (ASX: HSO), which declined 4.8% on Thursday.
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 has no position in any of the stocks mentioned. 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.
- 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