{"id":62758,"date":"2014-10-29T14:05:25","date_gmt":"2014-10-29T18:05:25","guid":{"rendered":"http:\/\/countingpips.com\/?p=62758"},"modified":"2014-10-29T14:05:26","modified_gmt":"2014-10-29T18:05:26","slug":"why-jb-hi-fi-ltd-shares-jumped-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/why-jb-hi-fi-ltd-shares-jumped-today\/","title":{"rendered":"Why JB Hi-Fi Ltd Shares Jumped Today"},"content":{"rendered":"
October 29, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the JB Hi-Fi Ltd Share Price?<\/h2>\n

Shares in electronics retailer JB Hi-Fi Ltd [ASX:JBH]<\/strong> soared by 9% today, racing ahead of a mixed Aussie stock market<\/a>. Earlier in the session, the stock was up by as much as 11.6%, taking back some of its year-to-date losses.<\/p>\n

Why Did This Happen to JBH Shares?<\/h2>\n

At today\u2019s AGM, JB Hi-Fi said it remained on target to meet its 3.4% sales growth target for the year ending 30 June 2015.<\/p>\n

The company\u2019s new CEO, Richard Murray, highlighted that comparable sales growth in September and October showed a solid improvement on the previous two months.<\/p>\n

This has cheered investors, who had become strongly negative on this stock over the past few months. Today\u2019s news shows that negativity was overdone.<\/p>\n

What Now for JB Hi-Fi Ltd?<\/h2>\n

JB Hi-Fi is a proven, resilient performer through good times and bad. It offers a reasonable fully franked dividend<\/a>, growth prospects through its new \u2018Home\u2019 format stores and value return through the share buyback programs it has carried out over the years. <\/p>

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You should take any indications that Australians are getting happier to open their wallets as a positive for this stock.<\/p>\n

Cheers, Tim Dohrmann<\/strong>+<\/strong><\/a>
\nSmall-Cap Analyst, Australian Small-Cap Investigator<\/em><\/strong>
\nJoin Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why JB Hi-Fi Ltd Shares Jumped Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the JB Hi-Fi Ltd Share Price? Shares in electronics retailer JB Hi-Fi Ltd [ASX:JBH] soared by 9% today, racing ahead of a mixed Aussie stock market. Earlier in the session, the stock was up by as much as 11.6%, taking back some of its year-to-date losses. Why Did This Happen […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-62758","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=62758"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62758\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}