Why Afterpay (ASX:APT) and Domino’s (ASX:DMP) are smashing the market in 2020

Here’s why Afterpay Ltd (ASX:APT) and Domino’s Pizza Enterprises Ltd (ASX:DMP) shares are smashing the market in 2020…
The post Why Afterpay (ASX:APT) and Domino’s (ASX:DMP) are smashing the market in 2020 appeared first on Motley Fool Australia. –

Chalk-drawn rocket shown blasting off into space

With the Australian share market coming under pressure recently, a number of shares on the S&P/ASX 200 index are trading lower year to date.

But not all of them are. Some shares on the benchmark index have carved out strong gains this year despite the market volatility.

Here’s why these ASX 200 shares are flying high in 2020:

Afterpay Ltd (ASX: APT)

The Afterpay share price has rocketed 158% higher since the start of the year. Impressively, this is despite the payments company’s shares trading 21% lower than their 52-week high. Investors have been fighting to get hold of Afterpay’s shares this year following a very impressive performance in FY 2020 and particularly during the pandemic.

Furthermore, the company announced its expansion into the European market and advised that it is testing the waters in Asia. Given the seismic shift to online shopping, this appears to have positioned Afterpay to deliver further strong growth over the coming years.

Domino’s Pizza Enterprises Ltd (ASX: DMP) 

The Domino’s share price has risen a sizeable 57% higher year to date. The catalyst for this gain has been a very positive performance by the pizza chain operator during the pandemic. At a time when many companies were struggling, Domino’s delivered strong growth in FY 2020 despite the temporary closure of some of its stores. It reported a 12.8% increase in sales to $5,624.9 million and a 7.3% lift in earnings before interest, tax, depreciation and amortisation (EBITDA) to $303 million. In addition to this, management revealed that it plans to grow its store network to 5,500 stores by 2033. This will be more than double the 2,668 stores it had at the end of June.

Is it too late to invest? Despite its strong share price gain in 2020, I don’t believe it is too late to invest and feel Domino’s would be a fantastic buy and hold option. This is due to its bold expansion plans and its increasingly popular pizzas.

These stocks could rocket in a Post-COVID world (FREE STOCK REPORT)

When investing expert Scott Phillips has a stock tip, it can pay to listen. 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.*

In this FREE STOCK REPORT, Scott 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. These stocks are trading at dirt-cheap prices and Scott thinks these could really go gangbusters as we move into ‘the new normal’.

Find out the names of our 3 Post COVID Stocks – For FREE!

*Returns as of 6/8/2020

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Domino’s Pizza Enterprises Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why Afterpay (ASX:APT) and Domino’s (ASX:DMP) are smashing the market in 2020 appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!