Hello everyone. Welcome to the Buzzing Trends show here on Kalkine TV. I am James and today
we will be shining some light on the 5 ASX stocks to keep on watchlist.
The consumers have already tuned in to the festive bash as Black Friday and Cyber
Monday went on a shopping spree in November. Meanwhile, amidst the shopping frenzy, investors
are eyeing the Santa Claus Rally, a period of buoyant stock market activity during the
concluding week of December and the first two trading days of January. The rally is
driven by optimism in the financial markets, fuelled by investing of holiday bonuses and
strong business activity in the consumer market. During the period, several companies, especially
across categories such as fashion, food, gifting, and leisure activity, typically witness strong
sales and revenue, anticipated to reflect in their share price movement. Let us look
at five such stocks that are on the radar as investors eye to cash in on the spirit
of the holiday season.
First up. Sezzle.
The fintech sector has proven to be a gateway to convenient and enhanced shopping experiences
for consumers in the current times. Installment payment platform Sezzle recently reported
strong performance driven by Black Friday and Cyber Monday sales. For the 4-day Black
Friday and Cyber Monday period, Sezzle’s Underlying Merchant Sales in the US and Canada
edged up 53% year-over-year, with the Company experiencing significant growth both online
up 46% and instore up 783%. The fintech company’s Underlying Merchant Sales reached an annualised
run-rate of US$2.5 billion as its Underlying Merchant Sales for November rose 83% year-over-year.
Sezzle stock is currently trading at 3.34 AUD.
Next up. Woolworths Group.
Food and grocery shopping is undoubtedly a customary and critical part of successfully
preparing for the big traditional dinner. On this front, Woolworths’ supermarket chain
in Australia is expected to service millions of customers on the lookout for essentials
for the holiday season. Recently, Woolworths offered AU$872 million in a takeover bid for
Australian Pharmaceutical Industries. Meanwhile, the rival Wesfarmers has offered AU$764 million
in a scheme of arrangement. API is one of Australia’s leading health and beauty retailers
and pharmaceutical distributors whose acquisition would provide fantastic addition in the health
and wellness area. Woolworths stock is currently trading at 40.65 AUD.
Moving on to the next stock. Cettire.
Many welcome the holiday season as an opportunity to treat themselves and their close ones with
some luxurious goodies. With luxury brands leaving no stones unturned to entice the customers,
Cettire could prove to be an online fashion emporium for Aussies. Cettire, a global luxury
online retailer, is offering sales on top designers from Balmain to Versace in the current
holiday season. The Company also witnessed strong trading performance over the four months
ended 31 October 2021, with sales revenue growing 172% over prior corresponding period. Cettire
stock is currently trading at 3.16 AUD.
Next stock to look at is JB HI-FI.
Consumers’ growing love for electronics and gadgets in the present world is unquenchable,
and the upbeat sales trend is expected to continue beyond Cyber Monday. When it comes
to shopping for electronics, JB HI-FI is a popular name in Australia. The Company offers
the world's leading brands of computers, tablets, TVs, games and many more. For the period
1 July 2021 to 30 September 2021 that is, in the first quarter of 2022, the Group continued
to see heightened customer demand and strong sales growth rate over a two-year period. JB
HI-FI stock is currently trading at 47.74 AUD.
And lastly, we have Tabcorp.
Many view the upcoming holiday season as the perfect opportunity to gamble and celebrate,
especially when bonus offers dominate the casinos. Australia’s largest gambling company,
Tabcorp Holdings Limited has remained resilient despite the significant disruption during
lockdowns and delivered a solid operational result in 2021. The Group is pursuing a demerger
to create two market-leading entities- Lotteries & KenoCo and Wagering & GamingCo, both planned
to be listed on the ASX. Tabcorp stock is currently trading at 5.13 AUD.
Well, that’s all for now. We will be back again with the exclusive Buzzing Trends show.
Till then, keep watching Kalkine TV for the latest market updates and related insights.
I am James Preston, signing off.