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Market wraps 22nd May 2020

Weekly Wrap - Jessica Amir

As global COVID-19 restrictions ease, the Aussie share market sees a continuation of its April-May bounce back. The oil price climbs to a 10-week high as drivers once again fire up their engines. Lastly, both U.S and Aussie equities enjoy 10-week highs, rising 3% and 2.7% respectively (Mon-Thu).

In this week’s wrap, Jessica covers:

  • Energy sector charges up 8%, while Utilities drag 2% (0:44)
  • NRW Holdings (ASX:NWH) sees a 44% uptick following record breaking results, with UBS and Citi backing further growth (0:58)
  • Orocobre (ASX:ORE) shoots up 21% as the lithium carbonate price is tipped to shine (1:54)
  • Buying the dip: Webjet (ASX:WEB) (2:27)
  • The 10 momentum stocks to watch (2:52)
  • What could move the market next week? (4:12)
  • Bell Potter upgrades Afterpay (ASX:APT) following U.S success (4:31)