This is a controversial view as it has the potential to undermine the stability of our whole nation’s economy. Our banking sector is built on a foundation of housing mortgages.
2018 has for the most part been a year to forget for CBA, well in fact it’s been a year that all the big four banks would like to forget I’m sure. CBA’s share price has fallen by over 10% within the last year, however the stock has been making a slow, but steady recovery over the last month. Find out why here...
Today, I’ll take a look at the Aussie dollar gold price, which adjusts for the difference between the US and Aussie dollar exchange rate. This is a far more important price to watch for Aussie gold stock investors.
Flight Centre Travel Group Limited [ASX:FLT] is the largest retail travel outlet in Australia. Founded in 1982, the company provides a complete travel service for leisure and business travellers in Australia and around the world. The share price is up 4.19% for the day.
Shares of Zelda Therapeutics Ltd [ASX:ZLD] climbed over 2% in today’s first half hour of trading. Shares are trading at $0.090 at the time of writing, a 2.27% rise for the day. The company brings together leading researchers and clinicians in the study of medical cannabis.
Cabcharge Australia Limited [ASX:CAB] is an Australian company that provides personal transport solutions. Founded in 1976, Cabcharge is an account payment system that provides taxi passengers a way to pay for taxi fares without cash. At time of writing, the stock was up 8.94% for the day.
For over a year, shares in our big four banks have been trending down. Go back even further, and their share prices have barely moved in a decade. In May 2017, Australia’s largest bank (and biggest stock), Commonwealth Bank of Australia [ASX:CBA], got within a whisker of $88. Fast forward to June 2018, CBA’s share price traded below $68 — a fall of around 23%. It’s not just CBA feeling the pinch, though.
Yesterday I mentioned that some of last year’s dog stocks could become winners. However, I won't be buying yet. A downtrend is a low probability play, no matter how appealing the value.
When it comes to investing in ASX 200 stocks, you can't expect lightning to strike twice. You can only beat the market by doing something different.
The Commonwealth Bank of Australia desperately needs to restore public trust and avoid negative publicity. This means splitting themselves up and creating a brand-new company called CFS Group. Will it work?