3 ASX shares that made waves this week // Motley Fool Australia


Well, another week on the stock market has come and gone. The S&P/ASX200 (ASX: XJO) index started Monday off at 6,717 points, but finished up yesterday at 6,793 – a solid weekly gain of 1.13%.

Here are 3 ASX shares that caught my eye this week.

Bingo Industries Ltd (ASX: BIN)

Contrary to the ticker symbol, Bingo’s shares were anything but in the garbage this week – ending the week up 17.6% at $2.94. Investors were fighting to get a hold of BIN shares after the company told the market it expects earnings growth of close to 50% as a result of its aggressive acquisitions program. This includes the famous dial-a-dump service, whose takeover looks set for completion by June next year. BIN shares are now up 60% YTD.

Afterpay Touch Group Ltd (ASX: APT)

This BN-PL favourite is never far from the headlines for its massive swings and this week is no different. Afterpay started the week at $28.06 but ended yesterday at $32.91 – an insane weekly swing of 17%. Investors were driven into a frenzy when Afterpay announced it added 15,000 users per day during the month of October. Afterpay is now up 174% YTD.

Another regular winner that makes the list this week is CSL. Shares of this healthcare giant hit another new record high yesterday of $274.74, despite no major news about the company coming out. Brokers have been bidding up their price targets on CSL, with UBS most recently giving CSL a $295 buy rating. CSL shares are now up 48% YTD.

My Foolish colleague Tom Richardson did a great piece yesterday on how CSL has returned over 35,000% since its listing, so check that out if you like a good success story.

Foolish takeaway

With markets in a current state of euphoria and new 52-week and all-time highs dropping like flies, this week has certainly been a good one to have been invested. Who knows what next week will hold, see you then!

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Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.



Source link News Headlines Australia

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