Author - Sequoia Direct
21May

Aristocrat (ASX:ALL) shares down after fall in first half net profit: ASX tracking 0.2% lower at noon

21 May 2020 - The ASX has had a rollercoaster of a morning dipping in midday trade after a rise at the open and is now tracking 0.2% lower at noon. Shares in NRW Holdings (ASX:NWH) are up as are Perenti Global (ASX:PRN). Shares in gambling machine manufacturer, Aristocrat Leisure (ASX:ALL) took a dip today after reporting their first half net profit was down 13%. And Breville Group's (ASX:BRG) SPP opens today.

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21May

Global coronavirus cases hit a daily record this week: ASX poised to open higher

21 May 2020 - After a tech rally on US markets overnight, the ASX looks set to open higher this morning. Facebook shares surged up 6%, Amazon rose as did Apple and Google. Meanwhile, the number of newly reported coronavirus cases worldwide hit a daily record this week. Fonterra Co-operative's (ASX:FSF) profit has soared but the forecast for the farmgate milk price range has narrowed showing uncertainty about global markets.

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20May

ASX claws back from a drop at the open: ASX closed 0.2% higher

20 May 2020 - The ASX dropped at the open then managed to claw back up to close 0.2% higher. Shares in EML payments (ASX:EML) rose today, as shares in Ausnet Services (ASX:AST) dropped. As for the sectors today Infotech led the day and Utilities fell lower. Aspen Group (ASX:APZ) has entered into a contract to acquire a partially refurbished co-living community at in Newcastle, NSW.

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20May

Retail turnover dropped 18% in April: ASX tracking 0.2% lower at noon

20 May 2020 - The ASX is now tracking almost 0.2% lower at noon. EML payments (ASX:EML) rose today after reporting that they remain on course to deliver a solid full year result despite the pandemic. Revenue for the nine months ending March 31 was up 20%. Credit Suisse rates Abacus Property Group (ASX:ABP) as an Upgrade to an Outperform from a Neutral.

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