The Domino’s Pizza (ASX:DMP) share price has made a miraculous recovery, now trading at a 52-week high, squeezing the life out of the short sellers

594

The Domino’s Pizza (ASX:DMP) share price has jumped $3.11 or almost 6 per cent higher to $55.10 in Thursday afternoon trading.

The Domino’s share price had fallen as much as 12 per cent after reporting results on Tuesday, its shares trading as low as $45.52.

To the surprise of absolutely no-one, despite delivering a record profit and an increased dividend, Domino’s full year results missed expectations.

“Domino’s Pizza Enterprises delivers a miss with the lot,” wrote The Australian Financial Review.

Fast forward to today, and from Tuesday’s low, Domino’s shares have jumped 21 per cent higher. It’s a miraculous recovery.

On Tuesday, I said the Domino’s Pizza share price may easily double from here, although i did say I’d prefer an entry price of around $40.

A lot can change, and lately Domino’s have been in a nasty habit of missing expectations, but $40 seems light years away now.

On the bright side, at least I’m not short the company. Domino’s has has been one of the most heavily shorted stocks in the Australian market.

This share price rally will be squeezing the life out of the short sellers. 

Here’s how you can strike it rich in the share market

The best way to strike it rich in the share market is to buy shares that are not only cheap, but growing quickly.

Combining countless hours of research with over 30 years of hands-on stock market investing experience, The Capital Club’s founder Bruce Jackson has just published his definitive list of 3 Cheap and Good ASX Stocks for 2018.

Best of all, the report is absolutely free, exclusively for readers of The Capital Club.

In this comprehensive free report, you’ll find the name of one ASX gold stock that’s not only profitable, but trading at less than 4 times forecast profits.

You’ll also discover the name of a company one fund manager has called the cheapest stock in the ASX 100, and you’ll read about the three catalysts that could push the share price higher in the next six months.

Finally, the report names one of the cheapest retailers trading on the ASX, a company that just picked up the assets of a distressed competitor on the cheap, paying just 2 times earnings. No wonder one top fund manager thinks its share price could at least double.

With the share prices of each of these 3 companies having the potential to double or more, you’ll want to act now. Simply click here or the button below, enter your email address, and this free report will be instantly sent to you.

See the 3 stocks

Read Next

Here are 6 of the best dividend stocks on the ASX for 2018 and beyond

Here are 10 ASX 200 shares to beat the traditional blue chips over the next 3 years

5 ASX blue chip shares for 2018 and beyond

Top fund manager names this iconic company as “the cheapest stock in the ASX 100”

Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au