MENU

Is the Amcor Limited (ASX:AMC) share price headed towards recovery?

The Amcor Limited (ASX: AMC) share price is up 1.6% to $13.13 at the time of writing on its third consecutive day of rises following a downturn that has been in play since August.

Amcor is a global packaging company with operations across Australia, North America, Europe, and Asia, but its share price has been on the decline in the last 12 months, leaving investors wary.

Amcor was recently named by Credit Suisse as an “all-weather” defensive pick, alongside other perceived “safe haven” stocks like CSL Limited (ASX: CSL) and Carsales.Com Ltd (ASX: CAR).

Amcor recently held its AGM, reporting solid cash flow and a strong balance sheet with consistent margin improvement and a dividend increase of 5%.

Amcor has a pledge to develop recyclable or reusable packaging only by 2025 – no doubt a pretty topical market to be working within at this juncture.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended carsales.com 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!