the cob: hot to trot 🐎

The local market made it two gains on the trot to round off April. Month-end window dressing and earnings optimism helped the S&P/ASX 200 lift to , adding to the big gains on Thursday. Every sector finished higher, led by telecommunications, tech, utilities and staples which rose more than 1%. Telix Pharmaceuticals, Pointsbet Holdings, Nickel Mines and ZIP topped the leader board, bouncing back after what’s been a horrible few months for growth stocks. Quarterly updates, broker moves and Meta’s earnings beat fuel the buoyant mood. However, not all growth names were in vogue. Kogan slumped 12.8% following a quarterly update while Splitit tanked 20% after surging earlier in the week. Resmed’s quarterly also whiffed. It fell 4.8%. So, two days up and two days down for the holiday-shortened week. After a lot of corporate updates and inflation talk, the local market finished up 0.9%. Over April, it lost 0.5%.Our top 3 VODs:Three small-cap stocks that are side-stepping supply chain issues and inflationAmazon disappoints | Apple up | Musk and investors ponder Twitter's outlookMMC: is this what Crypto Winter looks like Hosted on Acast. See acast.com/privacy for more information.