MENU

Why Afterpay Touch Group Ltd is among 4 shares rising today

The S&P / ASX200 is (ASX: XJO) is o.2% higher in trade today with strength in technology shares being offset by weakness across some of the blue-chip miners on the back of falling commodity prices. Overseas, the tech-heavy NASDAQ index in the U.S. closed 2% higher overnight in a move that has helped lift some local shares today. So let’s take a look at what might be behind some of the price action.

The Clydesdale & Yorkshire Bank (CYBG PLC/IDR UNRESTR) (ASX: CYB) share price is up 6% to $3.68 today despite the regional UK bank and National Australia Bank Ltd (ASX: NAB) spin off releasing no news to the market. Its shares have been volatile recently as investors worry over whether or not the UK will agree a “Brexit deal” with the European Union before a March 2019 deadline. In the event of no deal the UK banking system could come under a lot of pressure.

The Afterpay Touch Group Ltd (ASX: APT) share price is up 2.8% to $12.27 today despite the buy-now-pay-later company releasing no specific news to the market. However, one of the US’s most influential shopping celebrities in Kim Kardashian has been promoting Afterpay to her 59 million Twitter followers and 120 million Instagram followers. This sort of free promotion could really help the group in its attempt to win market share in the US.

The Appen Ltd (ASX: APX) share price is up 7.8% to $13.70 today despite the language translation and AI business releasing no specific news to the market. On November 15 the group upgraded its profit guidance for full year EBITDA to come in between $62 million to $65 million in a result that would represent another strong year of growth. Appen’s shares are climbing today on the back of a positive session for tech players in the US overnight.

The Flight Centre Travel Group Ltd (ASX: FLT) share price is up 4.1% to $48.44 today, although the group has still lost around 30% of its value since hitting highs around $69 in August 2018. The group is guiding for underlying profit before tax growth of around 7% to between $140 million to $150 million for the six-month period ending December 31, 2018. Flight Centre shares could be good value given its management team and track record of growth based on a global strategy.

JUST RELEASED: Our Top 3 Dividend Bets for 2019

NEW! The Motley Fool’s team of crack analysts has just released a timely report revealing the names and codes of their top 3 dividend share recommendations for 2019. Be among the first investors to get access—FREE, for a strictly limited time. You’ll discover the names of 3 hefty dividend paying companies with what our analysts consider to be solid growth prospects for the year ahead…

The first two offer fat, fully franked yields and the third is a surprising REIT offering you the chance to become a landlord with none of the hassle! If you’re looking for hot new ideas, look no further. But you do need to hurry. Snap up your free copy now, before supplies run out!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our top 3 dividend share recommendations right away.

Motley Fool contributor Yulia Mosaleva has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Flight Centre Travel Group Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO and Appen Ltd. 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!