Well, another week on the stock market has come and gone. The S&P/ASX200 (ASX: XJO) index started Monday off at 6,717 points, but finished up yesterday at 6,793 – a solid weekly gain of 1.13%.
Here are 3 ASX shares that caught my eye this week.
Bingo Industries Ltd (ASX: BIN)
Contrary to the ticker symbol, Bingo's shares were anything but in the garbage this week – ending the week up 17.6% at $2.94. Investors were fighting to get a hold of BIN shares after the company told the market it expects earnings growth of close to 50% as a result of its aggressive acquisitions program. This includes the famous dial-a-dump service, whose takeover looks set for completion by June next year. BIN shares are now up 60% YTD.
Afterpay Touch Group Ltd (ASX: APT)
This BN-PL favourite is never far from the headlines for its massive swings and this week is no different. Afterpay started the week at $28.06 but ended yesterday at $32.91 – an insane weekly swing of 17%. Investors were driven into a frenzy when Afterpay announced it added 15,000 users per day during the month of October. Afterpay is now up 174% YTD.
CSL Limited (ASX: CSL)
Another regular winner that makes the list this week is CSL. Shares of this healthcare giant hit another new record high yesterday of $274.74, despite no major news about the company coming out. Brokers have been bidding up their price targets on CSL, with UBS most recently giving CSL a $295 buy rating. CSL shares are now up 48% YTD.
My Foolish colleague Tom Richardson did a great piece yesterday on how CSL has returned over 35,000% since its listing, so check that out if you like a good success story.
Foolish takeaway
With markets in a current state of euphoria and new 52-week and all-time highs dropping like flies, this week has certainly been a good one to have been invested. Who knows what next week will hold, see you then!
