- DMP share price has been consolidating in a tight range of AU$109.71–AU$102.17 for quite a few sessions.
- Investors have also been gazing their eyes on Telstra since it has secured 1000 MHz spectrum.
- Qantas Airways has started witnessing an increase in the domestic capacity beyond previous estimates, keeping stock in the limelight.
The ASX 200 is trading 0.71% up, 7,118.2, as of 12:25 PM AEST. Today’s strong uptrend has resulted in a new 52-week high of 7,118.8. Tuesday’s RBA decision to keep the cash rates unchanged has fueled the markets towards new high.
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Although, the broader market has been gaining quite a lot of attention today, still, there are a few stocks that have been in the talks throughout the day. Let’s have a look at a few of these buzzing stocks.
- Harvey Norman Holdings Limited (ASX:HVN)
Since 23 April, HVN has been trending down, falling 8.7% till Tuesday. The fall has ben so quick in a short span of time that the stock has become oversold on the charts as depicted by RSI indicator, showing readings below 30.
Investors are looking at this dip as a buying opportunity as the last time the stock had fallen with this momentum and RSI showed readings below 30, was way back during March 2020 crash. Today, the stock is up by 0.67% to AU$5.27.
- Domino’s Pizza Enterprises Limited (ASX:DMP)
DMP share price has been consolidating in a tight range of AU$109.71–AU$102.17 for quite a few sessions. On Tuesday, the pizza chain had delivered a presentation regarding its corporate updates. It plans to double its store footprint by FY2033, totalling over 5500 stores out of which 1,200 stores, are planned to be in ANZ.
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During the challenging times, the company focused on two separate modes to carry out its business, takeaways, and deliveries, which helped the pizza chain sail through the coronavirus pandemic.
- Telstra Corporation Limited (ASX:TLS)
Investors have also been gazing their eyes on Telstra since the company announced that it had invested AU$277 million to secure 1000 MHz nationally in 26 GHz spectrum auction. This would help the company maintain its leadership position.
Telstra was able to secure the spectrum in all major capital cities and regional areas where it was sold. Another reason for Telstra to be in the limelight is, the today it marked a new 52-week high of AU$3.56.
- Qantas Airways Limited (ASX:QAN)
As the economic conditions are improving and the recovery is picking up, Qantas Airways has started witnessing an increase in the domestic capacity beyond previous estimates, reaching 90% of pre-COVID-19 levels in Q4 FY21.
The premium international lounges in Sydney, Melbourne, and Brisbane are now waiting to be reopened and all Qantas and Jetstar domestic crew is now back at work. Investors are now taking a look at this airline as it is getting out of turmoil.
- Kogan.com Limited (ASX:KGN)
On 23 April, the retail giant updates its investors relating to its Q3 FY21 business operations. The company continued its long-term strategy of investing in technology and brand awareness. During the reported period, the active customers grew by more than 77% to 3.21 million while gross profit grew by more than 54%.
Kogan has already delivered an exceptional performance in the last one year, clocking a decent return of over 48%.