Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.11% at lunch.
The Xero Limited (ASX: XRO) share price is up 9% as investors reacted to another solid report by the cloud accounting software business which included positive free cash flow.
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Shares of BWX Ltd (ASX: BWX) are down nearly 21% with the natural beauty business downgrading its FY19 profit guidance again, as well as announcing that it would change to a new CEO.
The share price of Experience Co Ltd (ASX: EXP) has declined 14.6% as the tourism business also announced a painful profit downgrade.
CYBG Plc (ASX: CYB) shares are up 2.3% as the UK challenger bank revealed its profit in its interim result which included a lot of integration costs.
The Westpac Banking Corp (ASX: WBC) share price is down 4.4% as the big bank went ex-dividend.
Shares of Afterpay Touch Group Ltd (ASX: APT) are down 3.3%, it is currently one of the worst performers in the ASX 200.
3 tech stocks for a massive COVID-19 rebound
Amidst the COVID-19 confusion, some cloud-based companies are growing... FAST!
Meanwhile, industry researchers are valuing the entire cloud computing market at $US210 billion. If you ask me, it seems clear as day that this HUGE market is only going to get bigger in 2020 and beyond.
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At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.