Five buzzing hot stocks for the day


  • Westpac reported a statutory profit of AU$3.44 billion, up by a massive 189% from the previous corresponding period.
  • Woolworths’ eCommerce sales have continued to grow strongly, increasing 64.2% in Q3 FY21 to AU$1.3 billion.
  • ANZ updated that its cash profit for H1 FY21 will take a hit due to additional customer remediation charges.

As of 1:25 PM AEST, the ASX 200 is trading flat at 7027.1, paring all of the day’s gains after retracing from the high of 7068.4. Looking at the broader markets, the day might seem to be a boring one with no one-sided trend.

Image Source: ID 12458350 © Ashdesign |

However, there are a few hot stocks in talks amid important developments and traders might want to add them to their watchlist. Here’s a list of five such stocks.

  1. Westpac Banking Corporation (ASX:WBC)

One of the big four banks, Westpac has announced its FY21 half-yearly result. Westpac reported a statutory profit of AU$3.44 billion, up by a massive 189% from the previous corresponding period. With NIM of 2.09% and ROE of 10.2%, the numbers have beaten the investors’ expectations hands down.

Image Source: ID 77113720 © Sunflowerey |

WBC share price has shot up by 5.08% to AU$26.24, which is a sizable gain for the bank having AU$91 billion of market capitalisation.

Read More: Westpac’s (ASX:WBC) Australia Consumer sentiment Index rises by 1.9% in February

  1. Woolworths Group Limited (ASX:WOW)

Last week, the supermarket giant announced its Q3 FY21 numbers. The company’s eCommerce sales have continued to grow strongly, increasing 64.2% in Q3 FY21 to AU$1.3 billion. In Australian Food, eCommerce sales of WooliesX surged by a massive 90.5% to AU$878 million, with penetration of 7.9% compared to 4.1% over the prior year. The comparisons to Q3 FY20 have been favourably impacted by disruption to some eCommerce services following unprecedented demand last year.

However, despite decent performance, the stock didn’t seem to impress investors, leading to a fall of 5.9% in the last two sessions.

Read More: Woolworths Group (ASX:WOW) marks a strong start to FY21, online sales and net profit go higher

  1. Coles GroupLimited (ASX:COL)

Just a day before WOW’s result, its arch-rival Coles had released its Q3 FY21 performance update. During the reported quarter, its supermarkets’ sales decreased by 6.1% as Coles dealt with the impacts of COVID-19 during late February and throughout March of the prior corresponding period. Liquor and Express sales increased by 2.6% and 7.4% respectively, as the COVID-19 impact began to weigh on these businesses in late March 2020, when Australia entered a national lockdown.

Although COL share price was up after the announcement, but now the stock h trading sideways since last two sessions.

  1. JB Hi-Fi Limited (ASX:JBH)

JBH also came out with its quarterly numbers on 28 April. The sentiments didn’t seem to be uplifted by the company’s recent performance. In Q3 FY21, total sales growth in Australia was 10.4% compared to 11.6% in Q3 FY20. The company’s comparable sales growth during the quarter stood at 11.5%, a marginal increase over Q3 FY20 growth of 11.3%. The Q3 FY21 total sales growth in New Zealand was 16.0% compared to Q3 FY20 sales growth of negative 3.3%.

  1. Australia and New Zealand Bank Limited (ASX:ANZ)

ANZ, on 30 April, updated the market on its cash position for H1 FY21. The company expects its H1 FY21 profit will take a hit in the light of $135 million (after tax)  in losses incurred by AMMB Holding Berhad due to goodwill impairment. Also, a total of $108 million (after tax) of additional customer remediation charges would directly hit the cash profit figures.

Image Source: ID 42389469 © Nilsversemann |

Today, the stock is up by 1.1% to AU$29.07, trading close to its 52-week high of AU$29.55.

Read More: Top 5 ASX gainers of the day

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK