Shares of Bellamy’s Australia Ltd [ASX:BAL] gained a whopping 21.44% today. Shares were trading at $13.31 at time of writing. What caused the share price increase?
Tax cuts, rising inflation, a weaker US dollar, strong economic growth…these are all reasons for the markets’ strong rally right now. While you’d have to think nearly all of these positives are priced in, the market just keeps marching higher. Prices have recently gone vertical. That’s not sustainable.
JB Hi-Fi Limited shares have gained 4.89% today. At time of writing, shares are trading at $28.11 up from $26.80 yesterday. What caused the share price increase?
Retail Food Group owns various franchises, such as: Crust Pizza, Donut King, Brumby’s Bakery and many others. Yet despite what would seem like a recession proof stock, RFG was one of the worst performers in 2017. And their start in 2018 hasn’t been much better.
Dotz Nano Ltd [ASX:DTZ] shares are up 24% in early trade today. The upswing comes after the company announced it had agreed to a distribution deal in China.
While I was bullish at the start of 2017, I’m not as bullish now based on fundamental factors. But I want to stress that I’m not expecting a market collapse. I think you’ll see stocks fluctuate a lot more in 2018 than they did in 2017.
Just recently, Indoor Skydive Australia Group Limited [ASX: IDZ] shares rose over 23.53%. Unlike their name, instead of diving they’re soaring through.
It appears Sky and Space Global Limited [ASX:SAS] are staying true to their name by reaching for the share stars, as their shares surged over 20.55% this week.
Insurance Australia Group Ltd [ASX:IAG] shares fell 10% this week and are expected to drop even further. What caused the drop?
Ardent Leisure Group [ASX:AAD] shares rose 11.7% today, after the company agreed to sell their bowling and entertainment division.