The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) fell by 0.04% on Tuesday.
Australian Dollar ($A) (AUDUSD): 69.62US cents
Dow Jones (DJI): down 0.05%
Oil (WTI): $US52.87 per barrel
Gold: $US1,327 per ounce
ASX Sharemarket News
In ASX sharemarket news, global packaging business Amcor Limited (ASX: AMC) has announced that it has completed the acquisition of Bemis, creating the ‘global leader’ in consumer packaging.
The company will now operate as Amcor plc and is now included in both the S&P 500 and the ASX 200.
Amcor CEO Ron Delia said the acquisition was a: “significant milestone as two strong companies with histories each dating back over 150 years look forward to one great future.
“The acquisition of Bemis brings additional scale, capabilities and footprint that will strengthen Amcor’s industry leading value proposition and generate significant value for shareholders.”
Expert Interview: Magellan's Hamish Douglass
IT wholesaler business Dicker Data Ltd (ASX: DDR) announced it is launching a new division called ‘Dicker Data Financial Services’.
The idea is to meet the shift from capital expenditure spending to operational spending with growing demand for device as a service (‘DaaS’) and infrastructure as a service (‘IaaS’).
The service will be a monthly payment solution that can be tailored to the customer.
Dicker Data CEO and Chairman David Dicker said: “I’m pleased to bring this unique financing solution to market for our reseller partners. Our success has always been driven by leveraging our in-house expertise and by providing highly differentiated solutions.”
- Is It Time To Get A Fixed Mortgage Interest Rate?
- Why Big 4 ASX Bank Dividends May Soon Be Cut
- Nearmap Ltd (ASX:NEA) – Google Earth On Steroids
- Altium Limited – Cashing In On The Internet Of Things
ASX tech company Appen Ltd (ASX: APX) confirmed that the founder of recent acquisition Figure Eight, Lukas Biewald, has completed the purchase of Appen shares.
He has spent around US$1.5 million buying Appen shares, which was included in the acquisition agreement. The shares will be held in escrow for 24 months after the acquisition date on 2 April 2019.
2020: 3 stocks to buy for the long run
Amidst the confusion, some researchers value the entire cloud computing market at approximately $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.
Our top investment analyst has just identified 3 growth stocks in a net cash position, with strong competitive forces... and obvious tailwinds at their back.
Claim your FREE investing report on our analyst's "3 best share ideas for the cloud revolution" when you create a free Rask Australia account.
Our report is 100% free and unlocks hundreds of hours of bonus content.
Disclaimer and warning: The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms of Service and Financial Services Guide before using this website.
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.