Author: therawinformant

The Codan Limited (ASX: CDA) share price is pushing higher on Wednesday following the release of a positive announcement.

In morning trade the electronics products company’s shares are up over 2% to $11.07. This compares to a 1.9% decline by the S&P/ASX 200 Index (ASX: XJO).

This latest gain means the Codan share price is up an impressive 52% since the start of the year. $7.29

Why is the Codan share price pushing higher today?

Investors have been buying Codan shares this morning after it announced a major new contract win for its Codan Communications business.

The Codan Communications business designs and manufactures mission critical communications equipment for global military and public safety applications. These solutions allow users to save lives, enhance security, and support peacekeeping activities across the globe.

According to today’s announcement, Codan Communications has won a contract with a large African government to supply tactical communications equipment.

Management advised that the contract has a value in the order of US$10 million and includes the supply of Sentry-HTM radios and accessories. It expects this order to be delivered in the second half of FY 2021.

It commented: “This is a significant contract for Codan, as it reinforces our strength in providing such equipment to the African market and enhances our strategy to successfully penetrate the security and military sector globally.”

The government customer intends to deploy Sentry-HTM radios for national security purposes in military operations in a country-wide program. It notes that the contract is a one-off purchase, and there are no material conditions that are required to be satisfied prior to delivery.

Management also advised that the customer has an investment-grade credit rating with a stable outlook. Nevertheless, given the current economic environment, its longstanding policy of mitigating credit risk either through a letter of credit or appropriate credit insurance will be followed.

More reading

• Why Codan’s share price has leapt 33% higher so far in August
• These ASX shares were top performers last week
• Why Afterpay and these ASX shares just hit record highs
• Codan share price soars 16% thanks to record sales
• Why Afterpay, Codan, IDP Education, & Sonic shares are charging higher

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The Gold Road Resources Ltd (ASX: GOR) share price has moved lower after an early trade peak despite the release of positive HY20 results.

At the time of writing, The Gold Road share price has dropped 0.53% to $151 after an peak of $1.55 in early morning trade. This compares to the S&P/ASX 200 Index (ASX: XJO) which is down 2.1% after a market sell-off in the United States overnight.

Let’s take a look at the gold miner’s results for the first half of the financial year.

How did Gold Road perform in FY20?

For the six-month period ending 30 June, Gold Road produced 131,460 ounces of gold at an all-in sustaining cost of $1,186 per attributable ounce. This was led by its Gruyere Project starting commercial production on 1 October 2019.

Operating cash flow came in at $59.6 million, up 465% from $12.8 million on the prior year. The increase resulted from gold sales revenue at the Gruyere Project.

Gold Road sold 60,400 ounces of gold at an average price of $2,237 per ounce, thanks to the rising spot price of gold. This reflected revenue from gold sales of $135.1 million for the first half of the year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $61 million compared with a $23 million loss on the prior year.

Consolidated net profit after tax was $23.4 million vs a $16.9 million loss in HY19.

The mid-tier gold miner recorded a strong balance sheet with cash on hand $73 million, and debt free after paying $25 million of borrowings on 21 July 2020.

What did management say?

Managing director and CEO Duncan Gibbs was pleased with Gold Road’s result. He said:

June saw us celebrate our first year of gold production at Gruyere… We are seeing some positive signs in terms of throughput and recoveries, but we are still on the journey of improving plant availability as we continue to transition into fresh rock. The strong cash flow performance at Gruyere has enabled us to pay down all our debt within less than 10 months from declaring commercial production and this leaves us in a very strong position.

Mr Gibbs went on to say the company was continuing an exploration push in the underexplored Yamarna Greenstone Belt.

The half year saw us realign strategy to increase the likelihood of us making meaningful discoveries, as befits a company of our size. The relatively shallow aircore drilling completed so far this year will lead to deeper bedrock drilling of new targets over the coming 6 to 12 months.

About the Gold Road share price

The Gold Road share price has risen 190% since falling to its 52-week low of 80.5 cents in March. From reaching an all-time high of $2.02 achieved in July, the Gold Road share price is up 11% since the start of the calendar year.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Half of ASX 200 stocks at risk as China-Australia relations hit new low
• ASX 200 rises 1%, CSL (ASX:CSL) leads the way
• Latest ASX stocks top brokers are urging you to buy today
• ASX 200 up 0.95%: Big four banks rise, Scentre collections improve, Nufarm jumps

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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The PointsBet Holdings Ltd (ASX: PBH) share price is back from its trading halt and is dropping lower on Wednesday.

At one stage the sports betting company’s shares were down as much as 21.5% to $10.73.

They have since recovered a touch but are still down 14% to $11.80 at the time of writing.

Despite this decline, PointsBet’s shares are still up a massive 275% since the start of the year.

Why is the PointsBet share price crashing lower?

This morning PointsBet returned from its trading halt following the successful completion of the institutional component of its fully underwritten 1 for 6.5 pro rata accelerated renounceable entitlement offer.

According to the release, the institutional entitlement offer closed on Tuesday and raised gross proceeds of approximately $70.5 million. Approximately 55% of eligible entitlements were taken up by existing shareholders, with the remainder snapped up following a bookbuild of shortfall shares.

The latter attracted strong demand from both existing and new institutional, professional, and sophisticated investors. So much so, the final clearing price under the institutional shortfall bookbuild was $12.50, which represents a premium of $6.00 to the entitlement offer price of $6.50 per share.

PointsBet will now push ahead with the retail component of the entitlement offer and expects to raise approximately $82.7 million.

Combined with its already completed $200 million institutional placement, this will bring the total raised to approximately $353 million.

Why is PointsBet raising funds?

The company is raising these funds largely to support its US marketing activities over the coming years.

PointsBet recently announced a major agreement with NBC Universal which includes a committed marketing spend of US$393.1 million over five years.

Management also plans to use the funds for technology and platform development and US business development. The latter includes market access and government licensing fees and sportsbook fit-out costs.

More reading

• Top ASX growth shares to buy in September 2020
• Why PointsBet launched a $353 million capital raising
• 4 of the best ASX shares to buy before 2021
• Top brokers name 3 ASX shares to sell next week
• Why Brainchip, De Grey Mining, Nufarm, & Pointsbet shares are storming higher

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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.

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Buying cheap stocks today to retire early may not seem to be a sound strategy at first glance. After all, a second stock market crash could be ahead due to a weak global economic outlook, as well as the risk of a further rise in coronavirus cases.

However, investing in a wide range of high-quality businesses today for the long run could enable you to benefit from the stock market’s recovery potential.

Over time, this may help you to build a surprisingly large nest egg, even from a standing start at age 50, that provides you with a generous passive income in older age.

Retire early with a long-term focus

Building a nest egg that enables you to retire early will take a considerable amount of time. However, at age 50, you are likely to have sufficient time to do so. After all, you are likely to have at least a decade or more through which to use the stock market’s growth potential to build a retirement portfolio. As such, even if stock prices come under further pressure in the coming months, there is likely to be enough time for them to recover in time to boost the prospect of bringing forward your retirement date.

A long-term focus will allow you to take advantage of favourable buying opportunities at the present time. The recent market crash has caused a number of stocks to trade at cheap prices. While they may move lower in the short run, they could provide long-term investors with the opportunity to buy bargain stocks that offer turnaround potential. Over time, they may produce higher returns than the wider market’s long-term average, and could have a positive impact on your retirement plans.

A diverse range of quality stocks

Of course, economic uncertainty means that not all stocks will help you to retire early. There may be some sectors and/or businesses that are unable to deliver strong profit growth – especially since the outlook for many industries is currently very uncertain amidst a period of weak economic performance.

Therefore, it is logical to buy a diverse range of businesses within your portfolio. This can reduce your reliance on a small number of companies, while also providing exposure to a wider range of sectors that may boost your portfolio’s return profile.

Furthermore, buying high-quality stocks may help you to retire early. Companies with wide economic moats, sound finances and clear growth strategies may be better able to strengthen their market positions in the aftermath of the market crash, and deliver improving profitability that leads to a rising stock price. Over time, they may outperform the stock market and make a large positive contribution to your portfolio’s performance, thereby allowing you to bring forward your retirement date.

More reading

• 3 small cap ASX growth shares I’d buy with $1,000
• Dave Portnoy lost $700k overnight on plunging Nasdaq but remains “cool as the other side of the pillow”
• Is the Xero (ASX:XRO) share price a cheap buy?
• Why the Tesla (NASDAQ:TSLA) share price just crashed 21% lower
• Why the Carsales (ASX:CAR) share price could boom in 2021

Motley Fool contributor Peter Stephens has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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Small cap shares are often regarded as more speculative and higher risk/reward investments due to the size of the company. However, these three small cap ASX growth shares have all taken significant strides forward and, I believe, are worthy of a closer look. 

3 ASX growth shares I’d buy

1. Selfwealth Ltd (ASX: SWF) 

Selfwealth is Australia’s fastest-growing share trading platform for retail investors and leads the market with its $9.50 flat-fee brokerage. Its award-winning flat fee is not only great value but Australia’s only flat-fee broking platform. FY20 has been a significant growth period for Selfwealth with its revenues soaring 313% to $8.6 million and active traders increasing by 235% to 46,445. The company is fast approaching cash flow positive with FY20 cash burn sitting at $147,000, down from $3.4 million. COVID-19 has accelerated tailwinds for brokers with an uptick in general interest for the markets and investing. The platform intends on expanding its services to include United States trading in 1H21. The US market is the most popular international market for Australians. With a clear value proposition for customers, Selfwealth could be a small cap ASX growth share worth looking into. 

2. Bigtincan Holdings Ltd (ASX: BTH) 

Bigtincan is a sales enablement platform that helps organisations grow customer engagements into long-term valued relationships. This involves sales content management, sales training and coaching, document automation and internal communications software. The company continued to deliver on its growth strategy with a 56% increase in revenue to $31 million while annualised recurring revenue increased 53% to $35.8 million. Its key achievements for FY20 include three acquisitions to grow its capability in data science, infrastructure for scale and extended investment into UI/UX. At this point in time, the company expects revenue to be in the range of $41-44 million and ARR to be in the range of $49-53 million for FY21. Despite its market capitalisation of around $450 million, this ASX growth share has a comfortable cash position of $71.9 million which will allow it to explore potential M&A opportunities. 

3. Money3 Corporation Limited (ASX: MNY) 

Money3 is a specialist provider of consumer finance for the purchase or maintenance of a vehicle in Australia and New Zealand. Its unique business model and approach to customer care attracts customers that are often under serviced by mainstream banks. The company has over 50,000 active customers in ANZ with over $1 billion in vehicles financed since inception. Its FY20 performance was solid, with a 35.3% increase in revenue to $124.0 million and 30.1% increase in NPAT. The company has demonstrated a 5-year compound annual growth rate of 33.1% for revenue, 18.4% for EPS and 32.3% for its gross loan book. I believe these growth figures make it good value against the likes of other ASX growth shares, especially taking into consideration its price-to-earnings (P/E) ratio of just 16.

More reading

• New to investing? More ASX growth shares to buy now
• Share price opportunities to buy this week
• 4 exciting small cap ASX tech shares to watch
• 3 small cap ASX shares I’d buy with $1,000
• Why Brainchip and these ASX shares just surged to new highs

Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends BIGTINCAN FPO. The Motley Fool Australia has recommended BIGTINCAN FPO. 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.

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It was another night to forget for the Nasdaq on Tuesday.

U.S. investors returned from the Labor Day holiday and continued to take profit on the famous tech-focused index.

This led to the Nasdaq starting the shortened week with a disappointing 4.1% decline, which means it is now down 10% in the space of the week.

Someone that isn’t panicking is outspoken Barstool Sports founder and captain of stock-market ‘retail bros’, Dave Portnoy.

According to MarketWatch, Mr Portnoy has become the face of the fervour for speculative investing following the COVID-19 pandemic. He is part of a new breed of investors known as retail bros, which believe that stocks only move upwards.

Well that certainly wasn’t the case overnight, with Mr Portnoy acknowledging that he had been hit hard by falling stocks. Though, he doesn’t appear fazed by the pullback.

Commenting on the decline overnight on Twitter, Mr Portnoy said: “Down $700k and cool as the other side of the pillow.”

“It’s ugly out there but this is when the suits want you to panic. I won’t,” he added.

Should you be panicking?

While I would urge you to resist the temptation to trade stocks like Portnoy and instead focus on the long term, I would agree that you shouldn’t panic right now.

Given the strong gains that the Nasdaq index has made this year, it was inevitable that profit taking was going to happen sooner or later.

While this is disappointing, due to the quality of the companies on the index and their positive long term outlooks, I’m confident that it will rebound again in due course and eventually start printing new highs again.

In light of this, I think buying the BetaShares Nasdaq 100 ETF (ASX: NDQ) with a long term view could prove to be a smart move after this recent pullback. Though, you might want to wait for the dust to settle on this selloff before jumping in.

More reading

• 2 ASX shares I would buy for both growth and income today
• Here’s why I think ASX investors should buy these international ETFs
• Afterpay and Brainchip were among the most traded shares on the ASX last week
• New to investing? ASX growth shares to buy now
• I love volatile ASX share market days like today

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS. 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.

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The Xero Limited (ASX: XRO) share price has been surging in 2020. However, the recent tech rout has seen shares in the accounting software group fall lower.

So, is now a good time to buy into the ASX tech share for a cheap price?

What does Xero do?

Xero is a New Zealand based tech company that provides an accounting software platform for small and medium-sized businesses.

The company was founded in 2006 and now boasts a market capitalisation of $13.6 billion on the ASX. It is also part of the ‘WAAAX’ group of top ASX tech shares.

How has the Xero share price performed?

Shares in the Kiwi tech group are up 19.7% this year compared to a 10.2% decline in the S&P/ASX 200 Index (ASX: XJO).

The Xero share price has been rocketing higher in recent years and even peaked above $100 per share. In the last 5 years, shares in the tech group have climbed 651.0% higher to cement Xero as a top growth share.

That came on the back of strong customer acquisition and retention. In fact, Xero continues to grow quickly as it looks to expand both organically and inorganically.

The company recently announced the acquisition of small business lender, Waddle, for $80 million to accelerate its growth.

Xero is also eyeing off further international growth in key offshore markets.

Why is the Xero share price under pressure

Investors are a little jumpy at the moment to say the least. Massive government stimulus and expansionary monetary policy have helped boost share prices higher.

That’s despite the coronavirus pandemic which is weighing on the global and domestic economies. However, market volatility returned late last week as United States tech stocks were hammered on Friday.

That was reflected in the Aussie market as well with the Xero share price falling 7.3% lower since Thursday’s open.

One of the issues facing investors is that these lofty valuations, including Xero’s 4,437.5 price-to-earnings (P/E) ratio, are based on future growth.

That’s hard to value at the moment but no investor wants to bail and miss out on potential gains.

Is now a good time to buy?

The Xero share price is not a great bargain on a relative value basis. When times are tough, I think ASX dividend shares can provide some comfort.

It’s a tough market out there right now and I think the long-term growth story is still good for Xero. If I’m buying and holding for decades ahead, then I think it’s never a bad time to buy a portfolio company.

More reading

• 3 high quality ASX shares for smart investors to buy today
• 3 ASX high-growth ETFs growth investors can’t ignore
• A practical guide on how to invest in ASX shares
• 5 ASX shares I will never sell
• New to investing? More ASX growth shares to buy now

Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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Wall Street was a sea of red overnight with heavy declines being seen across the board. One stock that stood out with a particularly significant decline was market darling Tesla Motors.

The Tesla share price dropped a massive 21% to finish the session at US$330.21. This was its largest single-day loss in its history.

Though, it is worth noting that the electric vehicle manufacturer’s shares are still up an incredible 284% since the start of the year.

Why did the Tesla share price crash lower?

U.S. investors were taking profit in the tech sector again on Tuesday, leading to the Nasdaq index falling a sizeable 4.1%. Given how high the Tesla share price has climbed in 2020, it isn’t at all surprising to see its shares fall more than most.

But it wasn’t just that weighing on the Tesla share price.

Investors had been expecting the company to be included in the illustrious S&P 500 index at the next rebalance. However, to the surprise of many, Tesla was snubbed by S&P in favour of online retailer Etsy, automatic test equipment company Teradyne, and medical technology firm Catalent.

Ben Kallo from Baird told Bloomberg that the decision to not add Tesla to the index was a “relatively surprising development.”

With an estimated US$4.5 trillion of assets indexed to the S&P 500, he felt that its “shares were reflecting expectations for substantial passive inflows.”

“We think the stock could be under pressure following the delay of S&P 500 inclusion, particularly from investors who bought ahead of the announcement expecting an opportunity to sell to passive funds,” he added.

Michael Dean, an analyst with Bloomberg Intelligence, suggested that Tesla’s failure to make it into the S&P 500 may be due to “question marks about the sustainability of regulatory emission credit sales which are currently underpinning earnings.”

Finally, also potentially adding to the selling pressure was news that General Motors is investing US$2 billion into rival electric vehicle company Nikola Corp. The car giant intends to partner with Nikola Corp to engineer and manufacture the latter’s Badger pickup.

More reading

• 3 ASX high-growth ETFs growth investors can’t ignore
• Why Tesla shares skyrocketed in August
• 4 things learned from Apple and Tesla stock splits
• ASX 200 Weekly Wrap: Friday crash pulls ASX back below 6,000 points
• After the crash, is it time to buy this Nasdaq ETF?

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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Carsales.Com Ltd (ASX: CAR) shares have performed strongly in 2020. The Carsales share price has rocketed 21.3% higher this year despite a slump in the March bear market.

But for all of its success in recent times, is this ASX share a good option to buy for 2021?

Why the Carsales share price is climbing higher

The Carsales share price has been tearing higher thanks to a strong earnings result in August.

The ASX classifieds share hit a new record high after posting a 6% increase in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA). Adjusted net profit after tax also jumped 6% to $138 million as the company paid a 25 cents per share final dividend.

The coronavirus pandemic has impacted operations but I think there are still some things to like about Carsales next year.

Can it repeat the trick in 2021?

One thing that is in Carsales’ favour is a shift in working behaviours around Australia. COVID-19 restrictions have forced a rethink of the daily commute including work from home arrangements and less public transport usage.

That increases the propensity for consumers to buy a car and potentially move further from CBD hubs.

That’s good news for classifieds businesses like Carsales which could receive an earnings boost.

One other factor is a surging Aussie dollar against the United States dollar. The vast majority of Australian cars are imported which could make them relatively more attractive with a strengthening currency.

In turn, we could see an increase in people trading up to newer models and taking advantage of the dollar increase. That’s good news for the Carsales share price if we see that persist into 2021.

On top of all that, we could also see increased turnover in the secondary market. As times get tough, many Aussies may look to sell their cars given the significant expense they represent.

I think Carsales is therefore well-placed to receive strong earnings from both the upside and downside in the Aussie economy.

Foolish takeaway

The Carsales share price has outperformed the S&P/ASX 200 Index (ASX: XJO) this year and I think it can be repeated in 2021.

More reading

• Why Redbubble and this ASX share just stormed to record highs
• How the rising Aussie dollar could drive the Carsales share price to new all-time highs
• Why the Carsales share price is a recession-proof buy
• On a day when the ASX 200 is going nowhere, these popular “coronavirus shares” are hitting record highs
• 2 of the best ETFs for investing in ASX shares

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has recommended carsales.com 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.

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The Zip Co Ltd (ASX: Z1P) share price has fallen more than 30% since its record all-time high of $10.65 in late August. Following its exciting US-based ‘QuadPay’ acquisition, expanding geographic footprint and recent partnership with eBay, could now be the time to buy the Zip share price at a discount? 

FY20 highlights 

Zip and Afterpay Ltd (ASX: APT) have emerged at the end of FY20 as leaders in the buy now, pay later (BNPL) sector. Following the acquisition of QuadPay, Zip bolstered its position as a global BNPL player across 5 markets, with a combined annualised TTV of $3.2 billion and 4 million customers. The US opportunity is significant and QuadPay itself has seen a strong start to FY21 with US$70 million+ TTV in July, more than 30% higher than the June quarter average. 

Looking into FY21, Zip will continue to capitalise on the fast growing BNPL market opportunity. It intends on launching in the UK market in 1H21 following a pause due to COVID-19. Zip will also launch its own business BNPL and credit offering to SMEs in Australia. Producing additional products via integrated solutions to its retail partners and channels will increase the breadth of opportunity to include both shoppers and businesses. I believe a continued focus on global expansion and product innovation will see better days for the Zip share price in the medium–long term. 

Is it a buy? 

Given the recent surge in the Zip share price and BNPLs in general, it’s likely that the sector won’t deliver outstanding returns in the near term. It’s ability to push higher is likely subdued without further additional announcements. Furthermore, factors such as PayPal entering the BNPL space, the US market selloff and US elections will add further uncertainty and increase volatility. 

This isn’t the first time that we’ve seen a sharp pullback due to negative news in the BNPL space. Throughout mid–late 2019, a series of announcements including an AUSTRAC investigation, Visa’s intentions on launching a BNPL by January 2020, MasterCard acquiring a consumer financing solutions business ‘Vyze’ and speculation over regulation all resulted in sharp selloffs.  

Notwithstanding the near-term risks and challenges for the Zip share price, the business is growing strongly, is well funded and there is no shortage of opportunities. I wouldn’t be rushing to buy Zip shares, but I believe a buy opportunity will emerge once the near-term volatility cools down. 

More reading

• 3 ASX tech shares to buy for the long term after the Nasdaq selloff
• 5 things to watch on the ASX 200 on Wednesday
• How I’d turn $5,000 into $100,000 with ASX growth shares
• 3 ASX high-growth ETFs growth investors can’t ignore
• Afterpay and Brainchip were among the most traded shares on the ASX last week

Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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.

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