The Motley Fool

4 investment stories you missed in the ASX200 this week

The ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful again this week. Here are four big stories you may have missed that affected the ASX 200 index:

James Packer packing up?

Billionaire James Packer of Crown Resorts Ltd (ASX: CWN) has announced his investment business is selling approximately 20% of Crown’s shares to Melco Resorts and Entertainment for around $1.8 billion, at $13 per share. But, he’ll still own a substantial amount of shares.

He has been trying to sell his Crown stake for a while and now he’s managed to sell some of his shares. Mr Packer will be looking to diversify his investments, there’s a chance he will invest some of his money with Magellan Financial Group Ltd (ASX: MFG).

What happened at Appen Ltd (ASX: APX)?

The machine learning business provided some profit guidance for this year. Appen told investors that earnings before interest, tax, depreciation and amortisation (EBITDA) will be between $85 million to $90 million for the year.

With such large expectations built into the share price, you can understand why investors sent the share price down 6.6% on Friday.

Costa Group Holdings Ltd (ASX: CGC) share price turns sour

The Costa share price dropped over 20% over the week as the fresh food business disappointed shareholders again by revealing more issues, particularly with its citrus fruit and raspberry segments.

Crumbly raspberries and fruit flies were two hated elements this week.

RBA interest rates to head much lower?

Many economists now seem to think that the RBA is going to cut rates three times, or by 0.75%, over the next year. Westpac Banking Corp (ASX: WBC) was one of the organisations predicting that there could be more interest rates than expected.

Obviously it’s not a good thing that interest rates are going down, but it could boost asset prices.

It’s hard to believe what these 2 ASX companies could mean to the digital payments revolution

The Motley Fool’s top tech analyst has spent years studying the huge global trend in which cash and traditional banks give way to new digital payments systems... And now he’s identified the two ASX companies he believes are poised to win this multi-trillion-dollar “war on cash.”

If he’s right, these two companies could power your portfolio for years to come. Heck, stock #1 is already up 204% in just the last two years...

While Stock #2 has climbed a stunning 954% just since 2015.

Yet we think the biggest returns look to be still ahead. In fact, our expert is convinced investors who act now could be in for 10X gains (or more). Which means you will want to get the details on these 2 ASX companies as soon as possible.

So click the link below right now! We’ll tell you how to pick up your free copy of this brand new report, “Leave Your Wallet at Home: 2 Stocks for the Digital Payments Revolution”…

CLICK HERE TO FIND OUT MORE!

Motley Fool contributor Tristan Harrison owns shares of COSTA GRP FPO. The Motley Fool Australia owns shares of and has recommended COSTA GRP FPO and Crown Resorts Limited. The Motley Fool Australia owns shares of 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!