This is despite it being a mixed night of trade on Wall Street. In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. Shares were mostly higher in Asia on Thursday after a mixed close on Wall Street, where gains for several Big Tech stocks nudged the S&P 500 to a second record high in three days. Other tech stocks that did well include Apple (+4.1pc), Amazon (3.8pc), and Microsoft (2.8pc) which have gained several percentage points each. Spark Infrastructure Group (ASX:SKI) Shareholders Booked A 11% Gain In The Last Year. The Propel share price was one of the best performing ASX funeral shares on Monday. Market Close Update France’s CAC 40 climbed 0.8% to 6,153.49, while Germany’s DAX surged 1.1% to 15,276.45. WT Howard Funeral Services in Taree and Coventry Funeral Homes in Townsville both continued to advertise themselves as “proudly local and independently owned” after they were bought by Sydney-based Propel in 2015 and 2019, respectively. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! Past performance is not necessarily indicative of future returns. Read full article. Asian stocks are set to open mostly lower on Friday, pressured by U.S. Treasury yields that rose to 14-month highs overnight and oil prices, which fell by their biggest one-day declines since last summer. You can place orders to buy or sell shares any time, however orders are only processed when the market is open and live prices will be used. Why is the EMvision (ASX:EMV) share price surging 12% this week? The Motley Fool has a disclosure policy. How Much Money Do I Need To Start Investing? Get the latest Stockhead news delivered free to your inbox. Japan's benchmark Nikkei 225 dipped 0.8% in morning trading to 29,200.21. This article contains general investment advice only (under AFSL 400691). Why is the Brainchip (ASX:BRN) share price jumping today. Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! According to the latest SPI future, the ASX 200 is poised to open 41 points or 0.6 per cent higher this morning. Email Lists While these two companies dominate the Australian funeral industry, the future of the sector appears more uncertain, with the ACCC voicing its intention to prevent further monopolisation. The fines come as Propel’s strong performance over recent months has drawn attention from the market. He has an active interest in economics, geopolitics and global financial systems. The Propel share price was one of the best performing ASX funeral shares on Monday. 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Wall Street’s advance Friday was led by stocks that would benefit if vaccinations and government spending boost the U.S. economy as […] Get Started Investing We strongly encourage whistleblowers to come forward. The Motley Fool Australia has recommended InvoCare Limited and Propel Funeral Partners Ltd. Please refer to our Financial Services Guide (FSG) for more information. South Korea's Kospi was little changed, gaining less than 0.1% to 3,071.42. The S &P/ASX 200 Index jumped above 7000 points shortly before midday ... Tech stocks have been among the top performers this week with the sector ... Carla Zampatti farewelled in a state funeral. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), ACCC’s Committee for Economic Development Australia (CEDA) conference in February. ASX futures were up 56 points or 0.8 per cent to 6766 near 7am AEDT. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. ASX: Australian stocks are tipped to open higher even despite Wall Street's weakness overnight. Financial Services Guide | Find the investing style that's right for you. By clicking this button, you agree to our Terms of Service and Privacy Policy. The information is not intended to imply any recommendation or opinion about a financial product. TOKYO — Asian shares were mixed Wednesday as pointed to a strong economic recovery in China but worries lingered about the coronavirus pandemic. Not least because many consumers engage with the funeral sector at a time when they are grieving, vulnerable and thereby at a disadvantage. As some funeral service providers also have a large share of different services across the funeral home, cemetery and crematoria markets, there is an opportunity for these providers to bundle services and block new entrants to the market. On Thursday, stocks closed moderately higher on Wall Street, lifted by gains in large technology companies that benefit from lower bond yields. For investors, getting access to the right information is critical. You can do it. It holds about 6.3% of Australia’s funeral market, with a price-to-earnings ratio of 19.12 and a 12-month return of 2.41%. Investment news, stock ideas, and more, straight to your inbox. Terms of Service | Join our flagship membership service, Share Advisor. Listen to Our Podcast This is a concentrated sector with some players having significant market power. Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. Stockhead's morning newsletter makes things simple: Markets coverage, company profiles and industry insights from Australia's best business journalists - all collated and delivered straight to your inbox every morning. Everything You Need to Know About Tech Investing. U.S. shares were set to drift lower, with Dow futures […] Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. Lucas joined The Motley Fool in March, 2021. For more information please see our Financial Services Guide. Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214. You can unsubscribe at anytime. Hear our experts take on shares, the market & how to invest. “There are allegations that some funeral operators inflate the price of services, and take advantage of consumers at a vulnerable time,” ACCC Chair, Rod Sims, said at ACCC’s Committee for Economic Development Australia (CEDA) conference in February. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. There have been reports from people within the sector of anti-competitive conduct such as misuse of market power and exclusive dealing. Wall Street: US Stocks fell for a second day and Treasury yields touched a 14-month high as traders weighed the consequences of more stimulus from the Biden administration. Wall Street: US stocks dropped from record highs as investors weighed the potential fallout from forced block sales on the rest of Wall Street. Vaccine distribution has been ramping up and President Joe Biden has bumped up his deadline for states to make doses available to all adults by April 19. “Complex and opaque pricing, product bundling and other strategies adopted by some funeral operators are also issues we will be examining more closely.”, When investing expert Scott Phillips has a stock tip, it can pay to listen. Stockhead is providing factual information where there is a reasonable likelihood of doubt. Privacy Policy | Please remember that investments can go up and down. You get $50,000 virtual cash which you can use to invest in the ASX 200, a range of ETFs and a selection of small- and mid-cap companies. Australia's S&P/ASX 200 index lost 0.34 per cent in early trading, Japan's Nikkei 225 futures fell 0.20 per cent and Hong Kong's Hang Seng index futures rose 0.34 per cent. InvoCare posted a 4.7% decline in revenue in the 12 months to 31 December 2020. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. Get the latest stock news and insights straight to your inbox. Britain’s FTSE 100 rose 1.2% to 6,818.49. The Motley Fool Australia operates under AFSL 400691. Shares fell Friday in most Asian markets after China reported a stronger than expected rise in prices that could prompt authorities to act to cool inflation. The latest news about ASX-listed small and micro cap stocks published daily by Australia’s best business journalists. Shanghai, Tokyo, Hong Kong and Seoul advanced. .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type="submit"] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}. Learn about investing with our Investing Education hub. Australia's S&P/ASX 200 index lost 0.21% in early trading, and Hong Kong's Hang Seng index futures lost 0.72%. Our latest articles and strategies for the post-work life you want. Join Our Premium Community Home / Share Market News / Australian funeral industry ‘on notice’ as Propel Funeral (ASX:PFP) fined by ACCC, Lucas Radbourne | March 18, 2021 3:40pm | More on: IVC PFP. BEIJING (AP) — Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout of coronavirus vaccines. Australia’s biggest funeral company, InvoCare Ltd (ASX: IVC), which owns brands like White Lady Funerals, is down 17.04% over the past year to $11.38 per share. He’s an experienced journalist who has written for The Guardian, SBS and News Corp. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! © 2009 - 2021 The Motley Fool Australia Pty Ltd. All rights reserved. Competition and consumer issues in the funeral services sector have long provoked complaints from the public, governments and generated stories in the media. These three ASX dividend shares are small but have higher yields: Propel Funeral Partners Ltd. For FY21, Propel Funeral Partners has a grossed-up dividend yield of 5.5% according to Commsec. Unsubscribe whenever your want. More, straight to your inbox 's right for you Update Weekend Update an... From lower bond yields the best performing ASX funeral shares on Monday a concentrated sector with players... 12 % this week ASX futures were up 56 points or 0.8 per to... Issues in the funeral Services sector have long provoked complaints from the public, governments generated. For Take stock investment news, stock ideas, and has not taken your circumstances. 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