Yesterday’s sharp fall below support at 6,000 points (and back to where we were three or 10 years ago) suggests a certain malaise in our economy. Australia has deep seated problems that go well beyond a one-day stock market panic. Let me explain.
The Dow Jones dropped 1,175 points on Monday — the largest single-day point drop in history —erasing all profits made so far this year. The 4.6% decline is the biggest percentage loss the Dow has suffered since 2011, when we saw a drop of 1,089 points on 24 August.
The ASX200 listed technology company has moved from strength to strength throughout the past year. The stock price, at time of writing, is up around 98% from the beginning of February 2017. Yet their growth hasn’t slowed down.
Industrial giant James Hardie Industries plc [ASX:JHX] has seen its stock price jump 5.55% at time of writing after releasing its third quarter results for the period ending 31 December 2017. What is responsible for the share price rise?
By 11am yesterday morning Navitas Ltd [ASX:NVT] stocks had fallen 7.8% from Monday’s close of $5.24. It finished the day at a 9.3% loss. What has caused to share price to drop?
Sirtex Medical [ASX:SRX] shares are up a 45.94% today. Shares were trading at $27.48 at time of writing, after a trading halt yesterday. What's caused the increase?
Village Roadshow Limited [ASX:VRL] share price dropped by around 10% today. Shares are currently trading at $3.66, down from $4.11 yesterday. What's caused the share price drop?
Some investors have already doubled their returns in 2018. No, I’m not talking about crypto investors. Shareholders in small-cap, Panorama Synergy [ASX:PSY] have seen their holdings jump 100% in 2018 already.
During a correction, sentiment changes. Money flows out of what’s hot and looks for ‘relative value’. This is why previously unloved stocks tend to perform better in a correction. So having a few of these type of stocks in your portfolio wouldn’t be such a bad thing right now...
Sirtex Medical Ltd [ASX:SRX] shares increased 12.94% today. Shares are trading at $17.67 at time of writing, up from $15.65 yesterday. What caused the share price rise?