2 growing ASX dividend shares analysts are tipping as buys
2 growing ASX dividend shares analysts are tipping as buys
Analysts have named Carsales.Com Ltd (ASX:CAR) and this growing ASX dividend shares as buys. Here’s what you need to know…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.
The Australian share market is to drop following Wall St closing in the red as technology shares reversed their gains and energy stocks ran out of fuel as oil prices fell. The data on housing starts in April tumbled 9.5 per cent as the industry faced into soaring prices in lumber and materials which also weighed on investor’s optimism amid the final stretch of earnings season. Oil prices tumbled from its two-month high on reports that the US and Iran are progressing on a deal which would restrict Iran’s nuclear weapons development which if successful, would boost global oil shipments. On the eve of the minutes from the US Federal Reserve, investors continued their rotation out of technology shares and into companies linked to the reopening to the economy as they brace themselves on possible clues on inflation. Across the Atlantic, investors digested the Eurozone’s GDP numbers which dropped 0.6 per cent in the first quarter with unemployment figures down 0.3 per cent in th
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AT&T announced it will be merging WarnerMedia with Discovery in a US$43 billion deal. Photo / Getty Images
AT&T announced it will be merging WarnerMedia with Discovery in a US$43 billion deal. Photo / Getty Images
NZ Herald
New Zealand The S&P/NZX 50 traded up following a poor performance last week, with the index recovering 0.3 per cent to 12,411 points.
Leading the index performance were healthcare and technology stocks, making gains of 1.0 and 0.8 per cent, respectively.
Film software developer Vista Group Ltd led the way with a strong performance, up 5.7 per cent at yesterday s close following a sell off earlier in the month. Similarly, Restaurant Brands NZ Ltd jumped 5.1 per cent to $13.90 – a touch below its record highs.
St Barbara Ltd (ASX: SBM) could finish the week on a positive note after the gold price pushed higher. According to CNBC, the spot gold price is up 0.25% to US$1,827.30 an ounce. The precious metal was given a boost from easing treasury yields.
Carsales shares to return?
The
Carsales.Com Ltd(ASX: CAR) share price could return from its trading halt this morning. The car listings company has requested the halt in order to raise funds to acquire a 49% stake in United States-based business Trader Interactive for approximately US$624 million (A$800 million). To fund the acquisition, Carsales is looking to raise $600 million via a pro rata accelerated renounceable entitlement offer at $17.00 per new share.
Is the Carsales (ASX:CAR) share price in the buy zone after its acquisition?
Is the Carsales (ASX:CAR) share price in the buy zone after its acquisition?
Is the Carsales.Com Ltd (ASX:CAR) share price in the buy zone following its acquisition announcement this week? Here’s what this broker thinks…
James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn t looked back since. James is part of the CFA Institute s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.