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Market Wraps

Weekly Wrap 21 May

Jessica Amir

May 21, 2021

With the end of financial year (EOFY) approaching, investors are rebalancing their portfolios. Quantitative traders watch on as the market teeters on a technical sell signal, which could pull the market back further if activated. In this week’s wrap, Jessica covers:

(0:25) Two key EOFY considerations
(1:47) Investors buying the dip, into Tech
(2:02) Artificial intelligence giant Appen (ASX:APX) rising 25%
(2:41) Why it’s worth keeping an eye on Aristocrat Leisure (ASX:ALL) & Eagers (ASX:APE)
(4:32) Economic news to watch out for next week
(4:45) Trading ideas: Virgin Money (ASX:VUK), Afterpay (ASX:APT)