The share price of City Chic Collective Ltd (ASX: CCX) is up around 3% after the plus-size retailer announced it was in prime position to buy the e-commerce assets of a US-based plus-size retailer.
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Woolworths Group Ltd (ASX: WOW) shares are up 0.5% as investors learned that it’s having a dispute with Arnott’s about pricing.
The Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is up 1% with the media reporting about its rebranding exercise and trying to build Sydney pride.
Metal businesses are some of the worst performers at lunch, the Sims Metal Management Ltd (ASX: SGM) share price is down almost 3% and the BlueScope Steel Limited (ASX: BSL) share price is down 1.7%.
Leading the ASX 200 is the share price of Idp Education Ltd (ASX: IEL) which is up 3.3%, whereas the Clinuvel Pharmaceuticals Limited (ASX: CUV) share price is down 3%.
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.
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At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.