The Reserve Bank kept the official cash rate at 0.25%, and is continuing to print money. Why are they trying to increase inflation & lower borrowing costs to households and businesses?
✅ Timestamps ✅
0:00 News Topics.
0:27 The Reserve Bank to Give Cheap Funding Directly to the Banks Possibly as Soon as November
1:20 NZX Stock Market Top 10 Winners and Losers
1:49 Australian government to scrap responsible lending laws (Westpac, ANZ and Heartland Bank)
2:56 Pushpay Stock Update (PPH - NZX)
4:16 Hallenstein Glassons Stock Update (HLG - NZX)
5:50 Kathmandu Stock Update (KMD - NZX)
7:41 Turners Automotive Stock Update (TRA - NZX)
9:25 My Public Portfolio Update $11,442
Westpac, which recently won a lengthy court case against the regulator over alleged breaches of the lending rules, led the market higher as it surged 6%.
ANZ jumped 5% and local lender Heartland Group - which has Australian reverse mortgage operations - actually lost 4% over the last week.
Before we move to the next stock, I wanted to thank you for leaving me comments and ideas. I don’t want to just talk at the camera. It’s awesome to read your feedback too!
Pushpay - Now we are going to review Pushpay share price which is up by 8% over the last week. The stock climbed as more brokers gave them the thumbs up with upgrades. Pushpay has made some good developments, and churches in the United States are looking to connect with members online and through mobile phones because of the Covid crisis. The number of churches moving to new technology has increased from 45% to 80%.
Research firm Jarden upgraded the stock to ‘outperform’ and hiked its 12-month target price from $7.90 to $9.30.
That's a substantial jump, but still behind Forsyth Barr's, who on September 10 increased their 12-month target from $12 to $13.
2021 will be a remarkable year for Pushpay, with the shift to digital donations accelerating significantly, and its platform becoming indispensable to clients. We now expect to see three years' worth of growth compressed into one, bringing a 55% increase in donation volume and corporate earnings growth of 128%.
What do you do with this company? Do you follow the target prices from brokers? Let me know in the comments below?
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