Lendlease rose 10.6% on whispers of a potential takeover by a major Japanese company, while the US-China trade war escalation has seen Evolution Mining shares rise more than 9% in the past week.
Dale Gillham is chief analyst for Wealth Within (AFSL 226347). He has an Advanced Diploma and Diploma of Share Trading and Investment and more than 25 years’ experience in the financial services industry.
The $15 billion dollar Vodafone-TPG merger once again came under fire from the ACCC this week. Chairman Rod Sims has expressed concerns about over-concentration in the industry.
The recent profit season has proved it will be a slow road to better times for the big banks, so what should you do if you own shares in the Big Four?
In its half-year results, NAB reported revenue growth at just 1.4% while expenses were up 1.7%.
The All Ordinaries Index looks set to close at its highest level since December 2007, as the market continues to rally.
While Woolworths shareholders are asking if they should take up the $1.7 billion buyback offer, non-shareholders are asking if now is the time to buy.
Crown Resorts jumped 22% to a high of $14.37 on Wednesday with news of a possible takeover by Wynn but fell on Thursday after the Wynn backed out.
In the week of the Federal Budget and an RBA meeting, the fact that market volatility is now reaching its lowest levels since October last year went relatively unnoticed.
While the financial sector rose after the royal commission report was released, the dust is settling and the sector is not looking all that strong.
When you buy into an IPO, you may as well flip a coin because you have a 50/50 chance that your investment will be worth less than what you paid within the first 12 months.