Tech smashes it; Netwealth wins the day; Redbubble burst
Episode description
Clearly all of Australia's investing world woke up on the right side of the bed today. The S&P/ASX200 finished up 0.54% in today's trade. Bar financials and energy names, it was an up day for just about everyone. Special shout out to the tech sector which was up 3%+ today. Shares in Netwealth soared up around 16% after funds under management climbed 10% to over $52b. It also raised guidance for full year net inflows. The news was so good that it took rival HUB24's share along for the ride. In contrast, investors were not huge fans of Redbubble or Whitehaven Coal's results. Both finished among the market's worst performers. Commodities climbed, yields are falling and the dollar spiked after today's jobs read.
Our top three VODs:
These three stocks are getting an upgrade
Could Tesla's share price hit US$3000? Holon argues the super bull's case
How to invest in "green" metals
Hosted on Acast. See acast.com/privacy for more information.