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(but still make lots of money)?

 Take Rask’s FREE online Ethical Investing course.

ASX news today: EML Payments (ASX:EML) share price & Westpac (WBC) Coinbase IPO in focus

On Wednesday, the S&P/ASX 200 (INDEXASX: XJO) traded modestly higher. The Westpac Banking Corp (ASX: WBC) share price and EML Payments Ltd (ASX: EML) share price are in focus today.

Interestingly, new car sales jumped a stunning 22% in March, following a similar jump in used car sales during 2020. Consumers are clearly turning once again to domestic travel and upgrading their cars instead of taking overseas trips.

Despite the result, AP Eagers (ASX: APE) which controls 10% of the market was weak. APE shares fell 0.6%.

Prepaid gift card provider EML Payments Ltd (ASX: EML) lead the market on Wednesday. The EML share price jumped 5.5% after announcing its entry into the Open Banking market via the EUR$70 million acquisition of Sentenial in Europe.

The technology-driven company continues to pivot to seek alternative opportunities that leverage its data capabilities.

EML share price chart – 5 years

EML share price has risen fast twice in the past five years
EML share price. Source: Rask Media.

Westpac Banking Corp (ASX: WBC) looks set to make a tidy profit via its venture capital arm reinventure, with investee company Coinbase set to list on the Nasdaq next week.

WBC share price – 6 months 

WBC share price over six months
WBC share price. Source: Rask Media.

The Coinbase platform for trading cryptocurrencies and other digital assets reported a US$730 million first-quarter profit, double the full-year profit in 2020, as interest in the sector spiked. The Coinbase platform now has 56 million verified users and expected revenue to hit US$1.8 billion.

Get more WBC share price research.

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW or entering your email below.

Note: the report is 100% free.

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Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

Disclosure: At the time of publishing, Drew does not have a financial or commercial interest in any of the companies mentioned.

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:

Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

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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.

Enter your email below to access this report for free, including the names, ticker codes and analysis.

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