These three shares are sliding today for different reasons.
MYOB Group Ltd (ASX: MYO) which provides cloud based accounting and other business management solutions, has pulled out of its takeover of competitor software maker Reckon Limited (ASX: RKN). The company says that “uncertainty” about the deal is one of the reasons, probably not helped by Australian Competition and Consumer Commission voicing concerns that MYOB would have a monopoly on accounting software.
Domain Holdings Australia Ltd‘s (ASX: DHG) investors have reacted negatively to the news that the former Domain chief executive Antony Catalano has taken up a role at the real estate advertiser’s biggest client, Tomorrow Agency, as well as investing in the company.
Beacon Lighting Group Ltd (ASX: BLX), which retails lighting, ceiling fans, and light, has traded up for the most of May, with a share price performance of 12% but today the shares have pulled back despite the company posting no news to the market.
We hear it over and over from investors, "I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I'd be sitting on a gold mine!" And it's true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
Motley Fool contributor Rosemary Steinfort 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 Scott Phillips.
- MYOB Group Ltd is among 3 shares sliding today – May 31, 2018 12:12pm
- Fall in building approvals clouds the outlook for ASX REIT investors – May 31, 2018 8:21am
- Why the Blackmores Limited (ASX:BKL) share price is rallying higher – May 31, 2018 8:14am