ASX 200 (XJO) To Open Lower, 3 ASX Shares To Watch

The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open lower today, the USA’s S&P 500 Index (.INX) went down by 0.08% on Tuesday.

Australian Dollar ($A) (AUDUSD): 68.66US cents

Dow Jones (DJI): down 0.07%

Oil (WTI): $US55.50 per barrel

Gold: $US1,488 per ounce

ASX Sharemarket News

In ASX sharemarket news, Woolworths (ASX: WOW) has released its September 2019 quarter sales report.

The large supermarket company reported that total first quarter sales from continuing operations (which excludes petrol) grew by 7.1% to $15.9 billion. Australian Food sales grew by 7.8% to $10.66 billion, driven by 6.6% comparable growth.

Management attributed the result to the success of Lion King Ooshies, Discovery Garden and the continued growth of Online, which saw online sales growth of 43.2%.

Other divisions saw growth, New Zealand Food sales grew by 8%, Endeavour Drinks sales grew by 4.9%, Big W sales grew by 2.6% and Hotels sales grew by 5.5%.

***

Expert Interview: Magellan's Hamish Douglass

Hamish Douglass is one of Australia's top investors and founders, having co-founded Magellan - a near $9 billion business! Listen now on iTunes, SoundcloudCastbox, YouTube or Spotify.
***

Buy now, pay later company Zip (ASX: Z1P) has also announced its quarterly update for September 2019.

Its quarterly revenue grew by 15% compared to the June 2019 quarter to $31 million, with receivables also up 15% to $783.6 million over the quarter.

Zip also revealed that during the September quarter it added 147,000 customers. Year on year, quarterly transaction volume grew by 111% to $402.1 million.

Management were pleased to report it remained cashflow breakeven despite all of the investing. It also achieved “market-leading” credit performance of 1.68% of net bad debts.

Popular Stories:

Suncorp (ASX: SUN) announced some leadership team changes today.

Its Banking & Wealth CEO, David Carter, is going to be leaving the company in early 2020 to become CEO of Queensland’s RACQ. A recruitment process has started.

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

Free report: 3 cloud stocks to buy now

As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

We’ll send you our report for free, including the names, ticker codes and analysis when you enter your email address below.

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Free report: 3 cloud stocks to buy now

As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

Click here to access this report for free, including the names, ticker codes and analysis.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. 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. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading: