Month: May 2022

Don’t look now but the Aristocrat Leisure Limited (ASX: ALL) share price is making another dash higher today.

Shares in the gaming machine and app developer jumped a further 3.8% to a more than one-month high of $35.02 in after lunch trade.

The gain comes on top of its 6.7% surge yesterday after management released its half year results and announced a $500 million on-market share buyback.

Aristocrat share price gets another lift from bullish brokers

The Aristocrat share price appears to be getting a second wind as brokers gave the thumbs-up to the results and reiterated their buy recommendation on the shares.

These positive developments come after Aristocrat tanked 23% over the past six months. That’s a 20% underperformance to the S&P/ASX 200 Index (ASX: XJO).

Earnings beat

The group’s interim net profit after tax and amortisation from acquisitions (NPATA) jumped 40% to $580 million.

That was ahead of UBS’ forecast of $507 million, but that isn’t the only thing that impressed the broker. UBS noted that Aristocrat’s gaming machine business in the Americas is winning market share.

UBS rates the Aristocrat share price as a buy with a 12-month price target of $44.80 a share.

High quality result

Goldman Sachs is another broker that was impressed. The group’s first half earnings and sales came in 5% to 6% ahead of its expectations.

The broker said:

Compositionally, the result was strong, with better-than-expected performances across the board, particularly across North American land based which came in 12% higher than our above consensus segment profit forecasts.

Digital presents big upside for the Aristocrat share price

Further, Aristocrat’s digital business is also delivering. This offsets the recent weak mobile bookings data that had been dragging on the Aristocrat share price.

The analysts at Macquarie Group Ltd (ASX: MQG) think there is a big upside from Aristocrat’s plans to launch iGaming in North America before the end of this year. It has two major customers lined up and has the opportunity to scale the business in what is believed to be a US$30 billion market in 2030.

Macquarie commented:

We take the view that Aristocrat has a strong opportunity for success, considering its market leading slot content, land-based customer relationships and the ability to tuck-in additional capability and product suites through M&A.

As context, we see an opportunity for Aristocrat to deliver A$6.00/sh upside under a bull-case scenario but for now include A$3.50/sh in our target price.

Both Goldman Sachs and Macquarie are recommending the Aristocrat share price as a buy. Goldman’s 12-month price target on the shares is $43 while Macquarie’s target is $44 a share.

The post Why the Aristocrat share price is surging again today appeared first on The Motley Fool Australia.

More reading

• Brokers name 3 ASX shares to buy today
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today
• 3 ASX 200 shares defying today’s carnage to climb higher
• Why Aristocrat, Arafura, Calix, and Strike Energy shares are charging higher

Motley Fool contributor Brendon Lau has positions in Aristocrat Leisure Ltd. and Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Aristocrat Leisure Limited (ASX: ALL)

According to a note out of Citi, its analysts have retained their buy rating but trimmed their price target on this gaming technology company’s shares to $41.00. This follows the release of a half-year result that smashed the broker’s estimates thanks to strength from its land-based businesses. Pleasingly, Citi believes that Aristocrat’s strong market position is sustainable and continues to forecast further solid earnings growth in the coming years. The Aristocrat share price is trading at $35.21 on Friday.

Goodman Group (ASX: GMG)

A note out of Credit Suisse reveals that its analysts have retained their outperform rating on this industrial property company’s shares with a $24.05 price target. Credit Suisse was pleased to see Goodman increases its earnings per share growth guidance to 23% for FY 2022. Looking ahead, the broker continues to forecast solid earnings growth in the coming years, noting that there is good visibility on the company’s future earnings thanks to its work in progress pipeline. The Goodman share price is fetching $19.37 today.

Webjet Limited (ASX: WEB)

Another note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this online travel agent’s shares to $6.75. While the broker expects volatility to remain as we come out the pandemic, it takes comfort that the business is trending in the right direction. Furthermore, Citi is very optimistic on Webjet’s potential in the US market and suspects the market could rerate its shares to higher multiples as it grows in the massive market. The Webjet share price is trading at $6.02 on Friday afternoon.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• Why the Aristocrat share price is surging again today
• Webjet share price tipped to rise: Broker says it ‘hasn’t wasted a crisis’
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today
• 3 ASX 200 shares defying today’s carnage to climb higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woolworths Group Ltd (ASX: WOW) share price is in the green on Friday after the company announced its intent to acquire ASX-listed online marketplace operator MyDeal.com.au Ltd (ASX: MYD).

It comes as the broader market shakes off some of its Thursday losses.

At the time of writing, the Woolworths share price is $35.37, 0.54% higher than its previous close.

For comparison, the S&P/ASX 200 Index (ASX: XJO) is up 1.05% right now. Meanwhile the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) is 0.32% higher.

Let’s take a closer look at what’s going on with the supermarket giant on Friday.

Woolworths share price rises on Friday

The Woolworths share price is lifting after the company announced its plan to acquire an 80% stake in MyDeal for around $218 million.

It has offered to purchase shares in the online retailer for $1.05 apiece, The Motley Fool Australia reported this morning.

That represents a premium of nearly 63% on the MyDeal share price’s previous close.

Meanwhile, the ASX 200 and the consumer staples sector are shaking off yesterday’s losses. They dumped 1.65% and 3.71% respectively on Thursday as warning bells sounded for retailers in the US.

Interestingly, today’s recovery follows an extension of Wall Street’s losses overnight.

It might have been spurred by expectations restrictions in Shanghai – where most of China’s current COVID-19 outbreak is housed – could soon ease, the Australian Financial Review reports.

That’s good news for the global market. Fewer restrictions in the region could help bolster economic growth.

China’s unemployment rate reached 6.1% and its total retail sales slumped 11.1% as the nation suffered through lockdowns last month, the National Bureau of Statistics of China announced earlier this week.

The post Woolworths share price lifts following $218m online marketplace deal appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: BHP, IGO, and Woolworths charge higher
• Here’s why the MyDeal share price is rocketing 56% today
• Woolworths share price in focus on MyDeal acquisition proposal
• Why is the Woolworths share price sliding 7% today?
• Own Woolworths shares? The company’s about to hit a major sustainability milestone

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Petroleum Limited (ASX: WPL) share price is on course to end the week with a decline.

In afternoon trade, the energy producer’s shares are down 4% to $28.75.

Why is the Woodside share price sliding on Friday?

There appears to have been a couple of catalysts for the weakness in the Woodside share price on Friday.

One is a slight pullback in oil prices during Asian trade. This has seen the WTI crude oil price fall 1.2% to US$110.85 a barrel and the Brent crude oil price fall 0.6% to US$111.35 a barrel.

In addition to this, it is worth highlighting that Woodside shareholders have just approved the merger with the petroleum assets of BHP Group Ltd (ASX: BHP).

BHP-Woodside petroleum merger

Following the receipt of shareholder approval, BHP and Woodside look set to merge their petroleum assets on 1 June.

This will see Woodside issue 914,768,948 to BHP as part of the merger process. These shares will then be distributed to eligible BHP shareholders via an in specie dividend. They will receive one new Woodside share for every 5.534 BHP shares they hold.

It is possible that some of the weakness in the Woodside share price today could be due to selling from investors that already hold shares in both companies. Given that these investors now know the amount of Woodside shares they will receive when the merger completes, they could be trimming their existing holding in Woodside to balance their portfolio.

Woodside name change

A final thing to note, is that as part of the merger process, Woodside will soon be having a slight name and ticket code change.

From Wednesday 25 May, the company will go from being Woodside Petroleum Ltd with the WPL ticker code, to Woodside Energy Group Ltd with the WDS ticker code.

The post Why is the Woodside share price dropping 4% today? appeared first on The Motley Fool Australia.

More reading

• Why BHP, Chalice Mining, IGO, and Life360 shares are storming higher
• ASX 200 midday update: BHP, IGO, and Woolworths charge higher
• BHP share price higher following Woodside shareholder merger approval
• 5 things to watch on the ASX 200 on Friday
• New or old energy: Have oil producers bested ASX lithium shares?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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S&P/ASX 200 Index (ASX: XJO) shares are staging a welcome rebound today.

After falling 1.5% yesterday, the benchmark index is up 1.1% in afternoon trading.

This comes despite further, more modest falls in US markets yesterday (overnight Aussie time), which saw the S&P 500 slip another 0.6%. US markets have come under renewed pressure amid fears of rising interest rates and a potential recession in the world’s top economy.

So, why are ASX 200 shares shaking off the malaise to put in such a strong day?

ASX 200 shares welcome COVID restriction news out of China

Part of the answer looks to lie with the world’s number two economy and Australia’s top trading partner, China.

The Middle Kingdom may be offering tailwinds to ASX 200 shares on two separate fronts.

First, China announced that it will scale back some of its economy crippling COVID-19 restrictions. While China appears intent on pursuing its zero-virus policies, the nation is scaling back testing requirements for people flying in from the US and other select nations.

This may be the first move towards reopening the country and could see an uptick in China’s economic growth.

What else did China report?

Other news out of China that could be helping push ASX 200 shares higher today is a larger than expected 0.15% reduction in its benchmark reference rate for mortgages.

That’s the second cut this year, taking the reference rate down to 4.45%.

Chinese officials said they’re ready to take additional steps to help spur economic growth.

Commenting on the move, Capital Economics’ Julian Evans-Pritchard said (quoted by Reuters), “Today’s reduction to the five-year Loan Prime Rate should help drive a revival in housing sales, which have gone from bad to worse recently.”

Evans-Pritchard cautioned that “the lack of any reduction to the one-year LPR suggests that the PBOC [People’s Bank of China] is trying to keep easing targeted and that we shouldn’t expect large-scale stimulus of the kind that we saw in 2020.”

With many ASX 200 shares doing business with China, any revival in the nation’s massive housing sector will be welcomed.

The post Why are ASX 200 shares rebounding on Friday? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Friday
• Why Australian Vanadium, John Lyng, Nufarm, and Unibail-Rodamco-Westfield are dropping
• Why are ASX coal shares charging higher again today?
• The Amcor share price has racked up 7 all-time highs in the past month. What’s going on?
• Novonix up 15% on Friday as the market recovers

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) seems to be on track to end the trading week on a bit of a high after yesterday’s strong sell-off. The ASX 200 is presently up a healthy 1.05% at well over 7,100 points.

But let’s dive deeper into these market moves and take a look at the ASX 200 shares that are currently sitting at the top of the market’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Telstra Corporation Ltd (ASX: TLS)

Telstra is our first ASX 200 share to take a glance at this Friday. So far today, the telco has seen a hefty 11.3 million of its shares change hands.

This may be a result of the movements of the Telstra share price itself, given there are no new news or announcements out of the company directly today, save for a share buyback notice.

The Telstra share price is currently flat at $3.93 a share. Saying that, we did see some movement earlier today, with the telco rising as high as $3.96 before falling back to the current level. it could be this market indecisiveness that is resulting in the elevated volumes we are seeing.

Santos Ltd (ASX: STO)

ASX 200 energy share Santos is next up this Friday. So far, we have seen a notable 13.06 million Santos shares trade on the markets.

Again, we haven’t had too much in the way of news out of Santos itself, save for another share buyback notice. But Santos shares have defied the market and have slumped 1.64% lower so far today to $8.075 a share.

It’s probably this share price fall that is responsible for this company’s presence here today.

Pilbara Minerals Ltd (ASX: PLS)

And our final and most traded ASX 200 share today goes to Pilbara Minerals.

This ASX lithium stock has had a sizeable 25.33 million shares swap owners during this Friday’s trading session thus far.

It‘s not too hard to work this one out though. Like most lithium stocks, the Pilbara share rice has rocketed today, rising by 4.21% so far to $2.845 a share. No wonder so many Pilbara shares have been traded.

The post Here are the 3 most traded ASX 200 shares on Friday appeared first on The Motley Fool Australia.

More reading

• Why is the Block share price leaping 9% on Friday?
• The Zip share price is rocketing 6% today. Here’s why
• ASX 200 midday update: BHP, IGO, and Woolworths charge higher
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX shares today

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is rebounding on Friday. In afternoon trade, the benchmark index is up 1.05% to 7,138.5 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Australian Vanadium Ltd (ASX: AVL)

The Australian Vanadium share price is down 12% to 5 cents. This has been driven by the completion of the vanadium developer’s equity raising this morning. Australian Vanadium has raised a total of $20 million from institutional, professional, and sophisticated investors at a 17% discount of 4.7 cents per new share. The proceeds will be used primarily to finance ongoing work at the company’s Australian Vanadium Project.

Johns Lyng Group Ltd (ASX: JLG)

The Johns Lyng share price is down almost 4% to $5.99. This follows news that the building services company’s CEO and COO have been selling shares. According to the release, both executives have sold 1 million shares each, bringing in over $6 million apiece. It is worth noting, though, that they still retain significant shareholdings despite these sales.

Nufarm Ltd (ASX: NUF)

The Nufarm share price is down 5% to $5.78. This may have been driven by a broker note out of Morgans. According to the note, the broker has downgraded the agricultural chemicals company’s shares to a hold rating and cut the price target on them to $6.65. Its analysts are expecting a strong result in FY 2022 but then a pullback in earnings in FY 2023.

Unibail-Rodamco-Westfield (ASX: URW)

The Unibail-Rodamco-Westfield share price is down 10% to $4.87. This follows news that the global real estate developer will rebrand three flagship shopping centres in Spain, Sweden and Poland. The centres being rebranded are Parquesur in Madrid, Taby Centrum in Stockholm, and Galeria Mokotow in Warsaw.

The post Why Australian Vanadium, John Lyng, Nufarm, and Unibail-Rodamco-Westfield are dropping appeared first on The Motley Fool Australia.

More reading

• Johns Lyng share price slides following $13m of insider selling
• ASX 200 midday update: BHP, IGO, and Woolworths charge higher
• Why is the Unibail-Rodamco-Westfield share price tumbling 10% today?
• Why is the Australian Vanadium share price crashing 17% today?
• Why Nufarm, Pendal, Wesfarmers, and Westpac shares are sinking

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group Limited. The Motley Fool Australia has recommended Johns Lyng Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX coal shares are marching higher in early afternoon trade.

Again.

At time of writing the Yancoal Australia Ltd (ASX: YAL) share price is up 3.9% to $5.87; Whitehaven Coal Ltd (ASX: WHC) shares are up 1.9% to $5.28; and the New Hope Corporation Limited (ASX: NHC) share price is up 3.4% to $3.95.

While those gains may not sound extraordinary, they follow on a string of gains this calendar year.

While the S&P/ASX 200 Index (ASX: XJO) has struggled in 2022, down 5.8%, ASX coal shares have made hay amid soaring prices for the commodity, used to make steel and run power plants.

That’s helped Yancoal gain 110% year-to-date, while Whitehaven shares have soared 91.3%, and the New Hope share price has rocketed 70.3%.

So, why are they gaining once more today?

Coal prices break new records

As The Australian reported this morning, coal prices have set yet another new record high, citing sources who reported a shipment of Aussie sold for US$442.50 yesterday. That’s a premium to the average price for Australian coal this week, which stood at some US$410 per tonne.

Coal prices have been rocketing higher alongside oil and gas as more nations join in banning Russian energy imports following its invasion of Ukraine. Russia is one of the world’s biggest coal producers.

Japan is among the latest major consumers of coal to announce its intentions to stop using Russian sourced coal. In 2021, Russia supplied 12% of Japan’s thermal coal imports.

With supplies of coal already tight amid resurgent post-pandemic demand, cutting Russia out of the loop has led to a series of new all-time highs for coal prices. The situation is unlikely to turnaround rapidly, with many years required to bring a new mine into production.

How have ASX coal shares performed over the past 12 months?

With both thermal and coking coal prices going through the roof, ASX coal shares have been making windfall profits, reflected in their soaring share prices.

Since this time last year, the Yancoal share price has gained 185.9%, the New Hope share price is up 206.6%, and White Haven shares have leapt 275.2%.

For some context, the ASX 200 is up 1.8% in a year.

The post Why are ASX coal shares charging higher again today? appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares smashing multiyear highs on Wednesday
• Here are the best performing dividend shares in the ASX All Ords so far in 2022
• 2 ASX 200 shares smashing multi-year highs today
• ASX 200 midday update: Brambles takeover talks end, resources shares charge higher
• My fund just went up 51%: This is how I did it

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The last few weeks have been brilliant for the Amcor (ASX: AMC) share price. It’s hit seven all-time highs in that period, reaching as high as $18.98.

Interestingly, it all appears to have been spurred by a single release from the company earlier this month.

At the time of writing, the Amcor share price is $18.47, 1.15% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is also up 1.07% on Friday.

Let’s take a look at the release that seems to have kicked off the packaging manufacturer and supplier’s multi-week climb.

What drove the Amcor share price to new heights?

The Amcor share price’s first record high of the last month was reached on 5 May after the company released its earnings for the March quarter.

Within the release, it reported that, while it was impacted by supply shortages and price volatility of materials, energy, fuel, and labour, the quarter was a positive one.

Its sales increased US$501 million to around US$3.7 billion last quarter. That’s 15.6% higher than those it reported for the same quarter of 2021.

Amcor’s gross profit also lifted around 7.2% last quarter, reaching US$731 million.

Though, its operating income as a percentage of net sales dropped to 10% on the back of higher raw material costs.

Finally, Amcor’s diluted earnings per share (EPS) rose 2.9% to 17.8 US cents for the period while its outstanding share count fell 2.8% due to share buyback programs.

And making Amcor’s recent gains more impressive is the fact the company’s home sector has been struggling.

Over the last 30 days, the Amcor share price has surged almost 17%. Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) has tumbled by more than 9%.

The Amcor share price has gained 11% since the start of 2022 and 19% since this time last year.

The post The Amcor share price has racked up 7 all-time highs in the past month. What’s going on? appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares smashing multiyear highs on Wednesday
• 2 ASX 200 shares smashing multi-year highs today
• What I love about these ‘boring’ ASX shares: fundie
• 3 ASX All Ordinaries shares hitting multi-year highs on Monday
• Guess which 2 ASX All Ordinaries shares smashed 52-week highs amid today’s carnage

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Novonix Ltd (ASX: NVX) share price is flying today, up 15.49% in early afternoon trading to $4.25. Novonix appears to be joining in on today’s market recovery after the savage sell-off yesterday. At the time of writing, the S&P/ASX All Ordinaries Index (ASX: XAO) is also up by 0.29%.

The only news out of the battery materials and technology company today is that Novonix will present at Citi’s 2022 Lithium & Battery Virtual Day on 26 May. Novonix announced that its CEO and co-founder, Dr Chris Burns, and CFO Nick Liveris, will present and hold virtual one-on-one meetings at the event.

The pair will present and participate in a moderated Q&A session from 2 pm to 2.35 pm.

Why is the Novonix share price gaining?

That news aside, today’s gain in the Novonix share price is likely a simple case of catch-up.

Yesterday, Novonix shares were pretty well beaten up — but so was the entire ASX market.

The All Ords fell by 1.46% and Novonix finished the session down 5.37%. At one point, Novonix shares were down 8%.

As my Fool colleague, James explained in his report, the broader market share price declines were “felt particularly hard the further up the risk curve you go”.

He added: “And with Novonix sporting a $2 billion market capitalisation despite recently reporting quarterly revenue of US$2.1 million, it’s about as high risk as it gets for investors.”

ASX technology shares significantly volatile

There is arguably no sector more volatile right now than ASX tech shares.

Technology companies are often the ones with big debt, which they are using to grow their burgeoning businesses. But with interest rates clearly on the move northwards, so are the interest costs of holding debt. So, that’s not great.

Plus, many tech companies are yet to turn a profit, so they’re not so attractive to ASX investors right now.

Investors appear to be favouring value shares, which are typically large, established, and profitable companies, over growth shares right now.

The S&P/ASX 200 Growth Index (ASX: SPAX2GUP) is down 11.37% year-to-date. By comparison, the S&P/ASX 200 Value Index (ASX: SPAX2VUP) is up 1.64%.

The Novonix share price is down 60% year-to-date and up 98% over the past 12 months.

The post Novonix up 15% on Friday as the market recovers appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: BHP, IGO, and Woolworths charge higher
• Why is the Novonix share price sinking 8% today?
• ASX 200 midday update: Aristocrat’s earnings beat, Webjet flops, retailers smashed
• Novonix share price fights to stay in the green on Monday
• These were the worst performers on the ASX 200 last week

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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