Bucking the downward trend, the Afterpay Touch Group Ltd (ASX: APT) share price has jumped 13.3% this morning after Goldman Sachs rated the buy now, pay later company a buy.
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International news is causing some investors to be turned off the fast growing, internationally-focused, high-priced shares like Pro Medicus Limited (ASX: PME) which is down over 5% and the Magellan Financial Group Ltd (ASX: MFG) share price is down 4.5%.
Dairy giant Fonterra Shareholders’ Fund (ASX: FSF) has seen its share price rise 0.3% after announcing it could reduce debt by $1 billion after some asset sales.
Gold miners are having a bit of a resurgence as investors worry about global problems, the Evolution Mining Ltd (ASX: EVN) share price is up around 2%.
Here are 3 stocks I own in April 2020...
Amidst the COVID-19 confusion, there are some companies still growing FAST (think: online meetings through Zoom, streaming companies like Netflix and eHealth services provided by Teledoc).
While the world grapples with COVID-19, some companies are still growing rapidly. The entire cloud computing market is valued around $US210 billion but if you ask me, it seems clear as day that this market is only going to get bigger in 2020 and beyond.
That's why 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. He owns all three of them right now!
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At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.