Search ASX code:
Generic filters

Search ASX code:
Generic filters

Search ASX code:
Generic filters

This year. We're going Beyond.

US stock market report – S&P 500 sets another record, Okta stock flies

The US market continues to deliver, the S&P 500 testing new record highs and finishing 0.4% higher overnight as the technology sector reasserts its dominance.

The Nasdaq was the standout, jumping more than 1%, with the Dow Jones notching a more pedestrian 0.2% gain.

Companies ranging from digital payments, including PayPal (NASDAQ: PYPL) to social networks such as Twitter (NYSE: TWTR) are all benefiting from what is termed ‘dovish’ statements from the central bank and a pause in the recent spike in bond yields that had triggered concerns about inflated valuations.

US unemployment claims were unexpectedly higher, adding 16,000 to 744,000 compared to an expected fall to 694,000, suggesting the slow opening up and growing concerns with the AstraZeneca vaccine may result in a less smooth economic recovery than predicted.

This is highlighted by what has been deemed the deadliest days of the pandemic for the likes of Brazil and India, struggling with huge population centres and virus mutations, a long way from our almost normal way of life in Australia.

Turning to stock-specific news, identity and access management company Okta (NASDAQ: OKTA) soared 7% as the market liked what it heard at the company’s annual investor day.

Okta announced new product expansions into privileged access management and identity governance administration, expanding its total addressable market to US$80 billion.

Management is also expecting an annual organic growth rate of 30% through 2024, which would lead to a US$2 billion revenue run rate by that year.

The strength in US markets overnight provides a positive lead for the ASX, with the S&P/ASX 200 (ASX: XJO) set to edge higher when the market opens on Friday.

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.

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

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.

At the time of publishing, the author of this article 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. 

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

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.

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