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the S & P / ASX 200 (ASX: XJO) is again slightly down in trade at lunchtime today after Wall St and major European indices have recorded flat sessions before the much-awaited meeting between the US president Trump and Chinese President Xi at the G20 summit this weekend. At the local level, some actions have a bad day as a result of different news. So what could lead investors to press the button?
the Redbubble Ltd The stock price (ASX: RBL) fell 11% to 98 cents today, after the online market for fashionable consumer goods and clothing warned that trading over of the important Thanksgiving weekend, which includes Black Friday, would have been a little weaker than expected. This means that there is a "risk of loss" in relation to revenue growth and operational EBITDA forecasts. The group also pointed to the negative 3% impact of organic search sales on recent sales of Google's algorithm since October.
the AMP limited The stock price (ASX: AMP) fell by 4% to $ 2.33 today, likely because of the consequences of the decision of its CEO, Mike Wilkins, to the Commission Royal. Today, AMP has been forced to tell the market, through an announcement, the total cost of updating its business processes and the compensation of its customers following the outrageous charges that have been laid against him. AMP confirmed that it is now expecting total pre – tax costs of $ 778 million (or $ 545 million after tax), although it has warned that this figure is not expected. was only an estimate for the moment. The news seems to have sent even lower shares.
the Limited Saracen mining The stock price (ASX: SAR) fell 7%, to stand at $ 2.37 today, after the gold miner based in Washington State reported on November 27 two new significant gold discoveries in its Corridor Dam Corridor mine. Saracen is expected to produce between 325,000 and 345,000 ounces of gold during fiscal year 2019, at a total maintenance cost of (AISC) of between $ 1,050 and $ 1,100 per ounce. It also has a long term "strategy" to produce 400,000 ounces of gold per year. It seems that the stock could be the object of a profit taking after a strong series of gains recently.
the Coca-Cola Amatil Ltd The stock price (ASX: CCL) fell 1.9% to $ 9.80 today after the Fairfax media announced that Citigroup badysts had downgraded the group of soft drinks to a "sell" rating and a stock price target of $ 8.90. Apparently, Citi badysts are concerned that Coca-Cola will not achieve its 5% earnings per share growth targets for the 2019 and 2020 fiscal years. Coca-Cola faces many hurdles, with consumers preferring beverages healthier and some governments have even begun to tax sweetened beverages. .
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Yulia Mosaleva, a contributor to Motley Fool, does not own any of the shares mentioned. Motley Fool Australia has recommended Coca-Cola Amatil Limited. We fools may not all have the same opinion, but we all agree that taking into account a wide range of ideas makes us better investors. Motley Fool has a disclosure policy. This article contains only general investment tips (under AFSL 400691). Authorized by Scott Phillips.
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