For the week, the S&P/ASX 200 index has gained about 1.3 per cent.
Big winners have included NIB Holdings (ASX: NHF) after a huge profit upgrade, Ausdrill Ltd (ASX:ASL) after the mining services company reported a 96 per cent jump in full year profits alongside the $270 million acquisition of Barminco, and Afterpay Touch Group (ASX:APT) for no apparent reason.
On the downside, the Pact Group (ASX: PGH) share price hit the skids after reporting a fall in profits in a challenging macro environment. Origin Energy (ASX:ORG) shares had a tough week despite more than doubling its full year profits. Challenger Ltd (ASX:CGF) shares were weak despite reporting record profits.
Here 3 shares The Capital Club came across this week that look interesting.
1) The Longtable Group Limited (ASX:LON) share price fell 20 per cent in July, with the top performing Saville Capital Emerging Companies fund saying the weakness was likely due to the recent capital raising and the short-term supply/demand imbalance this has created for the stock.
Where to invest $1,000 right now
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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 February 15th 2021
Bruce Jackson is the founder of The Capital Club. Of the companies mentioned in this article, Bruce has a position in Challenger. The Motley Fool Australia owns shares of and has recommended Challenger Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended NIB Holdings Limited. 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.
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