Payment gateway company Afterpay Touch Group Ltd (ASX: APT) is sitting pretty at the top of the S&P/ASX 200 gainers today, with its shares up 7.7% to $21.21 at the time of writing.
Afterpay has been labelled a reporting season hero after its FY18 result revealed revenue rose 391% to $142.3 million with EBITDA up 463% to $33.8 million.
Afterpay went into a temporary trading halt on August 23 after the announcement of its UK expansion plans to acquire a 90% interest in Clearpay for 1 million Afterpay shares with $117 million raised via institutional placement at $17.05 per share.
Investors are clearly keen to rally behind the company to kick off the trading week, after its return to trade on Friday saw its share price lift 24% to $23 during the day’s trade.
Other S&P/ASX 200 stocks to watch on the gains list today include IDP Education (ASX: IEL) – up 4.8% to $11.27 at the time of writing following on from its August 23 announced FY18 results and Platinum Asset Management Limited (ASX: PTM) – up 6.3% to $5.72.
It's been a nail-biter of a reporting season here in the first half of 2018.
But the real action, in my opinion, is what companies are doing with dividends.
What does this mean for you? Well there is one stock I've found that could very well turn out to be THE best buy of 2018. And while there's no such thing as a 'sure thing' when it comes to investing - this ripper might come as close as I've ever seen.
Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO and Platinum Investment Management 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.