ALL ORDINARIES Index Flat, Crown (ASX:CWN) Share Price Falls

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently flat at lunch.

The Crown Resorts Ltd (ASX: CWN) share price is down 8.3% because Wynn Resorts Limited (NASDAQ: WYNN) has decided to terminate its discussions about a potential acquisition.

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The share price of Webjet Limited (ASX: WEB) has risen 2.5% at lunch due to its presentation yesterday about its blockchain technology and religious pilgrimage business.

Shares of Seven West Media Ltd (ASX: SWM) are up 6.6% after the media company announced that it had completed the sale of its Yahoo7 investment to Verizon Media.

Gold miners are some of the better performers at lunch due to an uncertain day of trading. The St Barbara Ltd (ASX: SBM) share price is up 3.2% and the Northern Star Resources Ltd (ASX: NST) share price is up 2.3%.

Michael Hill International Ltd (ASX: MHJ) shareholders were hoping for more from the trading update, which saw its share price drop 6% so far.

At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.

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As we emerge from COVID-19, some companies are growing FASTER THAN EVER — and their share prices are rocketing.

Against the backdrop of the enormous cloud computing market — valued around $US210 billion , right now is the time to buy and own these companies.

Our lead investment analyst has identified 3 growth stocks in a net cash position, with strong competitive forces and obvious tailwinds at their back. That’s why he already owns shares in all three companies!

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