MENU

Why CSL Limited is among 4 shares rising higher today

The Australian S&P /ASX 200 (ASX: XJO) share market has opened up 0.6% this morning following on from a strong overnight session on Wall St where tech and healthcare shares performed strongly on the back of a couple of strong earnings reports and uncertainty around the US mid-term elections being removed.

Some well known and blue-chip ASX shares are also racing higher today, for differing reasons, so let’s take a look at what may be supporting some of today’s top performers.

The Xero Limited (ASX: XRO) share price is up 4.5% to $44.90 after the cloud-accounting business revealed a widening half year net loss of NZ$28.6m, compared to NZ$19.6 million in the prior corresponding half year period. Although the loss blew out in the wrong direction, revenue climbed 37% to NZ$256.5 million and cash flows from operating activities grew to NZ$36 million, compared to NZ$15.1 million in the prior corresponding half year. Xero also added 193,000 new subscribers over the half year, with all regions performing solidly.

The AfterPay Touch Group Ltd (ASX: APT) is up a huge 14% to $14.90 after the buy now, pay later, consumer credit group revealed it had already processed $A115 million of underlying sales in its new US market, with more than 300,000 US consumers already using the service. These numbers are very impressive, although the group still expects to post an FY 2019 EBITDA loss around $20 million in the US in FY 2019.

The REA Group Limited (ASX: REA) share price is up 9.2% to $79.28 this morning after the operator of realestate.com.au reported 17% revenue growth and 52% growth in free cash flow for the quarter ending September 30, 2018. The strong result was above analysts’ expectations and driven by sales of existing and new products that help estate agents and their home owner clients sell their properties in today’s soft market.

The CSL Limited (ASX: CSL) share price is 1.8% higher at $191.71 on the back of gains for leading US healthcare shares overnight. CSL Limited shares have also fallen around 17% from their September highs despite the blood products giant releasing no new trading updates to the market other than to confirm guidance for growth in net profit of 10%-14% in FY 2019. The share price rise today is probably as a result of renewed investor confidence about the outlook for the global economy now some political uncertainty in the US has been removed.

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 Yulia Mosaleva owns shares of CSL Ltd. and Xero. The Motley Fool Australia owns shares of AFTERPAY T FPO and Xero. The Motley Fool Australia has recommended REA Group 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!