
All Ords (XAO) falls: how to profit from the current share market volatility
The All Ordinaries (INDEXASX XAO) fell -2.08% on Friday, followed by a further -3.81% fall on Monday 5 August. What can you do?
Know what you own, and why you own it.
Peter Lynch
At Seneca, we invest in high quality, growing businesses at reasonable prices, for the long term. We make investment decisions based on data, evidence, incentives and experience. We value simplicity, transparency and consistency and like to invest alongside people with similar priorities.
The All Ordinaries (INDEXASX XAO) fell -2.08% on Friday, followed by a further -3.81% fall on Monday 5 August. What can you do?
The National Australia Bank Ltd (ASX: NAB) share price is up 1% – I’d buy Australian Finance Group (ASX:AFG) or PEXA (ASX:PXA) shares instead.
Resmed Inc (ASX: RMD) reported Q3 earnings overnight, on Thursday 25 April, sending RMD shares in its US up +11% after-hours.
The BHP share price is down ~4% in early trade today after revealing an A$59 billion bid (£31 billion) for the UK-listed miner Anglo American plc (LON: AAL).
Altium Ltd (ASX: ALU) is set to disappear from the ASX after receiving a A$9.1 billion cash takeover bid from Renesas.
Luke Laretive, CEO & Portfolio Manager, of Seneca Financial Solutions talks about GQG Partners Inc (ASX: GQG), Fiducian Group Ltd (ASX: FID), and RPMGlobal Holdings Ltd (ASX: RUL) as their top 3 small-cap picks; and Audinate Group Ltd (ASX: AD8), one ASX share they are avoiding. Are these share prices a buy today?
Some of our biggest ASX share market winners are stocks like Credit Corp Group Ltd (ASX: CCP) and Pinnacle Investment Management Ltd (ASX: PNI).
Shares in pharmaceutical distribution company Sigma Healthcare Ltd (ASX: SIG) were on the move in December, rising 45% following the news of a potential $9 billion merger with Chemist Warehouse Group. SIG shares are in the spotlight again today, up a further 7% today.
The Core Lithium Ltd (ASX: CXO) share price was down 75.5% in 2023, following an 81.3% decline in the lithium price during the year. However, the latest news on 5 January 2024 spooked investors and resulted in a further 18% decline. Is it time to sell before Core Lithium (CXO) goes to zero?
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