MENU

Why the Xero Limited (ASX:XRO) share price is gaining ground today

The Xero Limited (ASX: XRO) share price is up 2.4% to $41.96 to kick off the week’s trading as investors continue to rally behind the accounting software company.

Xero shares have a one-year return of 35.78% at present, not quite the dizzying heights of Afterpay Touch Group Ltd (ASX: APT), whose shares have risen 152% in the last 12 months, but a solid gain nonetheless.

With no recent news on the Xero registry, its recent share price gains can possibly be attributed to its continued strong sales growth and rising subscriber numbers, with Xero’s future growth capacity tied closely to its likely ability to crack the lucrative US market.

Another tech-based S&P/ASX 200 company worth keeping on watch is global technology solutions player Iress Ltd (ASX: IRE).

The Iress share price looks to be back on the incline after a succession of falls throughout September and October.

So will there ever come a time when tech stocks are considered blue chips?

Check out the Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

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 Xero. The Motley Fool Australia has recommended IRESS 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!