The S & P / ASX 200 index is about to fall to a lower level for a second consecutive day. At lunch the index drops 0.2% to 6.657 points.
Here's what happened on the market today:
The Afterpay Touch Group Ltd (ASX: APT) The share price has fallen by over 4% today after being downgraded by Goldman Sachs analysts. According to the note, Goldman removed the payment company from its conviction purchase list and downgraded them to a neutral rating for valuation reasons after a strong run. Goldman has a price target of $ 27.15 on its shares.
Banking shares are lowered.
It seems to be another disappointing day for the trade of the four big Australian banks. All four big banks are in the red at lunch despite the APRA has lowered its capital targets for banks. The worst performer of the group is the National Australia Bank Ltd (ASX: NAB) share price which is down almost 1% at the time of writing.
Xero reveals the purchase of inside information.
The Australian information technology sector may have declined today, but the same cannot be said for the Xero Limited (ASX: XRO) share price. The shares of the commercial and accounting software provider charged a higher amount today after revealing that one of its non-executive directors purchased a large number of shares on the market.
The best and worst performers.
The best interpreter of the ASX 200 index at lunch is the Speedcast International Ltd (ASX: SDA) share price for the second consecutive day. Telecommunication sales and IT service provider performance rebounded strongly this week after being sold last week. They increased by 5% at lunch. Going from the other side is the Reliance Worldwide Corporation Ltd (ASX: RWC) The share price has fallen by almost 5%, although there is no news from the company of hydraulic components.
Banking action evaluated as a purchase.
If you have visited this site for a while, you know that Motley Fool usually avoids banking actions. But recently we discovered a bank stock "hidden in plain sight" with what we think is a mouth-watering potential. With the company boasting almost 25% of net profit growth every year for the last 5 years … And the shares pay a fully-paid dividend that beats the pants on time deposits!
So, if you like constant income and high growth games, we've got you covered!
You're invited. Just click on the link below to find out our number 1 ASX bank shares to make a profit in 2019. To collect your FREE copy, click on the link below right now. But you want to hurry up: this free report is only available for a short time.
CLICK HERE FOR YOUR FREE REPORT!
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool The parent company Motley Fool Holdings Inc. is the owner of the shares of Reliance Worldwide Limited. Motley Fool Australia owns shares of AFTERPAY T FPO, National Australia Bank Limited and Xero. Motley Fool Australia has recommended Reliance Worldwide Limited. We Fools may not all have the same opinions, but we are all convinced that, considering a wide range of insights, we have become better investors. The Motley Fool has a disclosure policy. This article contains only general investment recommendations (with AFSL 400691). Authorized by Scott Phillips.
. (tagToTranslate) commonwealth bank of australia (t) asx: cba (t) cba price (t) cba share price (t) cba dividend (t) australia and new zealand banking group (t) asx: anz (t) anz price shares (t) anz stock price (t) anz dividend (t) afterpay touch group ltd (t) asx: apt (t) afterpay stock price (t) afterpay stock price (t) apt share price (t) postpay (t) national australia bank ltd. (t) asx: nab (t) nab price of the stock (t) nab price of the stock (t) nab dividend (t) speedcast international ltd (t) asx: sda (t) price of the & # 39 ; action speedcast (t price of the action speedcast (t) price action sda (t) dividing speedcast (t) reliance worldwide corporation ltd (t) asx: rwc (t) price of foster care of shares (t) share price (t) share price rwc (t) assignment dividend (t) xero limited (t) asx: xro (t) xero share price (t) xero share price (t) xro share price (t) xero dividend (t) s & p / asx 200 (t) index: ^ axjo (t) indexasx: xjo (t) asx: xjo ( t) all the ordinaries (t) index: ^ axao (t) indexasx: xao (t) asx: xao (t) decline (t) lower (t) upper (t) down (t) to (t) bank shares ( t) tech shares (t) broker (t) downgrade (t) sell (t) neutral (t) go ldman sachs (t) s & p / asx 200 (t) editor