Market wraps 22nd May 2020
Weekly Wrap - Jessica Amir
As global COVID-19 restrictions ease, the Aussie share market sees a continuation of its April-May bounce back. The oil price climbs to a 10-week high as drivers once again fire up their engines. Lastly, both U.S and Aussie equities enjoy 10-week highs, rising 3% and 2.7% respectively (Mon-Thu).
In this week’s wrap, Jessica covers:
- Energy sector charges up 8%, while Utilities drag 2% (0:44)
- NRW Holdings (ASX:NWH) sees a 44% uptick following record breaking results, with UBS and Citi backing further growth (0:58)
- Orocobre (ASX:ORE) shoots up 21% as the lithium carbonate price is tipped to shine (1:54)
- Buying the dip: Webjet (ASX:WEB) (2:27)
- The 10 momentum stocks to watch (2:52)
- What could move the market next week? (4:12)
- Bell Potter upgrades Afterpay (ASX:APT) following U.S success (4:31)