Weekly Wrap 22 May

22/05/2020 5 min
Weekly Wrap 22 May

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Episode Synopsis

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)