Category: Stock Market

A sector that ASX share investors are not paying much attention to is set to boom.

PwC’s Entertainment and Media Outlook report has predicted that revenue from interactive games and esports will reach $4.9 billion by 2025, up from $3.4 billion last year.

That’s a 44% increase in just 4 years.

“COVID-19 created an increase in gaming interest, both from new audiences and those Australians seeking an alternative form of entertainment, alleviating boredom and loneliness during lockdown,” stated the report.

“With major sporting events cancelled or postponed during 2020, interactive gaming and esports filled a void for consumers as a way to stay socially connected to their communities through competitive entertainment.”

Tax incentives galore for games industry

Growth for gaming is also being supercharged with recently announced government tax incentives for the nascent industry. 

The federal government is offering a 30% tax offset from July next year, and state governments are putting in their own discounts to attract the best businesses.

Privately held games developer Gameloft Brisbane will now double its staff numbers.

“We have been waiting for this news, we are going to double our Brisbane operation from 40 to 80 employees,” Gameloft studio manager Dylan Miklashek told News.com.au.

“This can put Australia on a similar level to other countries.”

ASX shares playing in the interactive gaming sector

So which companies could ASX investors look at for exposure into the gaming industry?

Here are the 5 most prominent players right now:

• Playside Studios Ltd (ASX: PLY)
• iCandy Interactive Ltd (ASX: ICI)
• Mighty Kingdom Ltd (ASX: MKL)
• Emerge Gaming Ltd (ASX:EM1)
• Esports Mogul Ltd (ASX: ESH)

Cyan portfolio manager Dean Fergie has been a fan of Playside Studios ever since its listing late last year.

“The company has an exciting 12 months ahead with the upcoming release of several new games including titles based on blockbuster movies Legally Blonde and The Godfather which should contribute to a material uplift in revenues in FY22,” he said in August.

That pipeline is already starting to bear fruit, with Playside shares rocketing a stunning 110% over the past month.

There seems to be some consolidation between two smaller players, iCandy and Mighty Kingdom. The former bought 7.8% of the latter’s shares in September, after Mighty Kingdom’s share price plunged 50% since its April listing. 

Emerge Gaming produces games for mobile phones and is profitable, but still very much a microcap at $33.6 million market capitalisation.

Esports Mogul is different to the other 4 companies in that it does not produce games as such. Instead, the company runs e-gaming tournaments for business clients.

“Australia’s total e-sports revenue was $6 million in 2020, and this is set to grow to $16 million by 2025.” reported PwC.

The post 5 ASX shares in an obscure but booming sector appeared first on The Motley Fool Australia.

More reading

• Why is the Playside Studios (ASX:PLY) share price rocketing 16% today?

Motley Fool contributor Tony Yoo 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 Bruce Jackson.

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The Coles Group Ltd (ASX: COL) share price is on course to end the week with a small gain.

At the time of writing, the supermarket giant’s shares are up almost 1% to $17.70.

Though, Coles’ shares remain in negative territory year to date with a 4% decline.

Is the Coles share price in the buy zone?

Despite the weakness in the Coles share price this year, one leading broker isn’t in a rush to invest. In fact, its analysts are recommending investors sell the company’s shares.

In response to Coles’ first quarter update last week, UBS retained its sell rating and $16.50 price target on the company’s shares.

Based on the current Coles share price, this implies potential downside of almost 7% for investors before dividends.

Why is UBS bearish?

Although the supermarket operator delivered a better than expected first quarter sales update, it wasn’t enough for UBS to change its view on the Coles share price.

According to the note, the broker believes that the outlook for food sales in Australia is deteriorating and expects this to weigh on the performance of both Coles and rival Woolworths Group Ltd (ASX: WOW).

It is for this reason that its analysts also have a bearish view on Woolworths’ shares. So much so, last week the broker downgraded the retail giant’s shares all the way to a sell rating from a buy rating and cut the price target on them to $37.00.

Based on the current Woolworths share price of $39.17, this suggests there is potential downside of 5.5% before dividends.

All in all, the broker feels investors would be best staying away from the food retailing sector at this point and focusing on other areas of the share market instead.

The post Christmas is coming, but is the Coles (ASX:COL) share price already overstuffed? appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to sell today
• Top brokers name 3 ASX shares to sell next week
• Brokers rate these 2 ASX dividend shares as top buys today
• ASX 200 (ASX:XJO) midday update: ANZ result impresses, Fortescue higher
• Coles (ASX:COL) share price in focus following Q1 update

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 owns shares of and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

For the sixth day in a row, shares of semiconductors specialist Nvidia (NASDAQ: NVDA) marched higher Thursday — actually, they kind of ran higher, running up 8.5% through 11:11 a.m. EDT on the back of positive analyst commentary from Wells Fargo.

The same kind of commentary, I might add, as Bank of America provided last week.

So what

On Oct. 29, BofA reiterated its buy recommendation on Nvidia stock, explaining that the graphics chip maker will be one of the prime beneficiaries of Meta Platforms‘ (NASDAQ: FB) — that is to say Facebook’s — drive to create a metaverse for all of us to live in online. Indeed, BofA pointed out that Nvidia already has an “Omniverse” platform of its own, and is well positioned to provide Facebook “the crucial building blocks in graphics, connectivity, mobility, and computation/AI,” reported StreetInsider.com.

Of course, even all these positives only added up to $275 in Nvidia value according to BofA. Today, Wells Fargo has come out with an even more optimistic estimate, raising its price target and valuing Nvidia stock at a lofty $320 a share.

Now what

The catalyst for this sharp spike in Nvidia shares, predicts Wells Fargo, will be an Nvidia presentation at the GPU Technology Conference that will be held online from Nov. 8 to Nov. 11. There, Nvidia will announce that its Omniverse Enterprise platform — which Nvidia describes as a “platform for connecting 3D worlds in a shared virtual universe — is open for business.  

Nvidia will be charging users as much as $9,000 per year per “workgroup” accessing the Omniverse, reports TheFly.com. In Wells Fargo’s opinion, this new product will be not only a “significant” expansion for Nvidia, but a potential huge recurring revenue driver for the company as well.

Investors seem to agree with that assessment today. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Nvidia stock rocketed higher on Thursday appeared first on The Motley Fool Australia.

More reading

• Why Nvidia stock climbed on Monday

Rich Smith has no position in any of the stocks mentioned. Rich Smith has no position in any of the stocks mentioned. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Meta Platforms, Inc. The Motley Fool Australia has recommended Meta Platforms, Inc. and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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October wasn’t a great month for most in the ASX’s buy now, pay later (BNPL) sector.

However, making this list was relatively simple. That’s because only 3 ASX-listed BNPL companies ended last month in the green.

Let’s take a look at which BNPL stocks managed to return gains in October.

The 3 best performing ASX BNPL stocks of October

A quick note before we get into it; this list only contains shares with market capitalisations of more than $50 million.

Fatfish Group Ltd (ASX: FFG)

The Fatfish share price outperformed that of its ASX BNPL peers last month. Over the course of October, it gained 5.5% to end the month trading at 5.7 cents.

The market was treated to 2 releases from the tech-focused venture investment and development company last month.

First, Fatfish announced its retail BNPL offering PaySlowSlow had gained strong early traction following a mid-September launch. Additionally, its insurance technology offering, Fatberry, saw record sales over the September quarter.

PaySlowSlow is currently only available in Malaysia. Fatfish has plans to launch it throughout South East Asia.

The company later released its quarterly activities and cash flow report.

Humm Group Ltd (ASX: HUM)

The Humm share price rose 3.5% last month to take the crown as the second-best performing ASX BNPL stock. It ended the period trading at 88 cents.

Most of October was quiet for this BNPL company. However, near the end of the month, the company released its quarterly results, followed by its investor day strategy presentation.

Over the September quarter, Humm’s BNPL offerings saw their combined total transaction volumes increase by 44.5% to reach $308.8 million.

The following week, Humm revealed it plans to restart paying dividends next year. It’s also considering divesting its New Zealand business.  

Afterpay Ltd (ASX: APT)

The last ASX BNPL stock with a valuation of more than $50 million to boast a gain for the month of October was none other than Afterpay.

The Afterpay share price gained 1.6% in October, finishing the month at $123.29.

The soon-to-be-acquired BNPL giant released no noteworthy news last month. However, the market heard good news about its upcoming takeover yesterday.

The post Own ASX BNPL shares? These were the best performers during October appeared first on The Motley Fool Australia.

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• Afterpay (ASX:APT) share price set to tumble after Square’s shares sink
• ‘Worst BNPL’: ASX company called out for ‘unsafe lending’
• ASX 200 (ASX:XJO) midday update: Zip’s record month, Domino’s crashes
• Afterpay (ASX:APT) share price on watch after Square takeover update
• What happened for the Afterpay (ASX:APT) share price in October?

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. owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Westpac Banking Corp (ASX: WBC) share price is under pressure again on Friday.

At the time of writing, the banking giant’s shares are down 2.5% to $22.63.

This latest decline means the Westpac share price is now down 12% this week.

Why is the Westpac share price dropping again?

Fortunately for shareholders, today’s weakness in the Westpac share price has nothing to do with its performance or any new broker notes. Rather, it has everything to do with its dividend.

This morning, the shares of Australia’s oldest bank are trading ex-dividend for its recently announced final dividend.

When a share trades ex-dividend it means that it is trading without the rights to an upcoming dividend. Those rights are now with the seller and therefore the share price falls to reflect the fact that new buyers of a particular share won’t be receiving the dividend.

After all, you wouldn’t pay full price for a carton of eggs if there were one egg missing. In this case, it is the Westpac dividend that is missing from the purchase.

The Westpac dividend

When Westpac released its full year results on Monday, the banking giant’s board declared a fully franked final dividend of 60 cents per share. This brought its full year dividend for FY 2021 to 118 cents per share or $2.2 billion in total.

Eligible Westpac shareholders can now look forward to receiving this final dividend in time for some late Christmas shopping. The bank intends to make the dividend payment on 21 December.

Despite recent weakness in the Westpac share price, it is still beating the market this year. Since the start of the year, the bank’s shares have risen a solid 16%.

The post Why is the Westpac (ASX:WBC) share price sinking again today? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Friday
• How did the Westpac (ASX:WBC) share price perform in October?
• Top brokers name 3 ASX shares to buy today
• What these leading brokers are saying about the Westpac (ASX:WBC) share price
• Westpac (ASX:WBC)’s had a shocker: This is when to buy

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. 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 Bruce Jackson.

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The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price was well and truly out of form on Thursday.

The pizza chain operator’s shares sank 18% after the market responded negatively to its annual general meeting update.

Friday has been better, with the Domino’s share price up 1% to $117.01 at the time of writing.

Is the weakness in the Domino’s share price a buying opportunity?

One leading broker that remains positive on the Domino’s share price is Goldman Sachs.

In response to its update, the broker retained its buy rating but trimmed its price target on the company’s shares by 5.1% to $147.00.

Based on the current Domino’s share price, the implies potential upside of 25.5% for investors.

What did the broker say?

According to the note, Goldman was surprised with Domino’s update and particularly the performance of its Japanese operations.

It commented: “The AGM trading update for DMP was significantly negative vs. GS estimates, largely as a result of weaker trading in Japan in October. The update was light on details but reported +4.3% SSS growth for the 1st 18 weeks of FY22, which indicates a 2 year cumulative trend of 13.1% vs. 13.7% in the 1st 7 weeks. While this is not necessarily weak in itself, we see the outlook for Japan as the key concern.”

However, while this was disappointing, Goldman feels that Domino’s long term outlook remains intact. In light of this, it is holding firm with its bullish stance on the Domino’s share price.

Goldman explained: “Overall, we believe that the longer term growth outlook driven by strong store growth remains unchanged. We make no changes to our store forecasts, but backend weight the rollout in FY22 in line with guidance. Overall, our revised forecasts still imply a 3 year CAGR EBITDA outlook of +14.6% driven by overall strength in Europe (+19.7%) and Japan (+15.3%).”

“Our revised 12m Target Price on DMP is at A$147.00. While we expect near term trading to remain weak due to the uncertainties in Japan, we believe the longer term outlook for the stock remains strong. We reiterate our Buy rating on the name,” it concluded.

The post Top broker says Domino’s (ASX:DMP) share price is cheap after selloff appeared first on The Motley Fool Australia.

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• Why Domino’s, Inghams, Kogan, and Paradigm shares are sinking
• ASX 200 (ASX:XJO) midday update: Zip’s record month, Domino’s crashes
• Why the Domino’s (ASX:DMP) share price is crashing 19% today
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday

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 Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The News Corporation (ASX: NWS) share price will have plenty of eyes on it today after releasing its first-quarter results for FY22.

Prior to the market opening, the media giant is residing at a price of $31.70. Investors will be watching to see how the market stomachs the company’s growth figures.

Here’s what we know.

Solid quarterly puts the News Corp share price in focus

• Revenue increased 18% year-on-year to $2.5 billion
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) up 53% to $410 million
• Reported earnings per share (EPS) of 33 cents compared to 6 cents in the prior year
• Dow Jones media segment recorded its highest quarter revenue and profitability since acquisition
• Digital real estate services segment revenue up 47% year-on-year to $426 million
• Approved a $1 billion share buyback program

How did the company perform?

It was a solid quarterly result for News Corp by nearly all accounts. In fact, the period represented the most profitable quarter for the company since its relaunch in 2013.

All operational business segments recorded revenue growth compared to the prior corresponding period. Although, some more so than others. Namely, digital real estate services reported a 47% increase year-on-year to $426 million. Similarly, book publishing revenue grew by 19% to $546 million in Q1 FY22.

The solid performance from the digital real estate services segment was mostly credited to News Corp’s 61% interest in REA Group Limited (ASX: REA). Australia’s top property site for real estate notched up an additional $94 million in revenue in the quarter, up 62%.

While the subscription video services segment dramatically increased its EBITDA, revenue increased a marginal 3% to $510 million. All in all, News Corp’s revenue in Q1 totalled $2,502 million, representing an increase of 18%. This impressive growth will likely have investors paying attention to the News Corp share price today.

During the quarter, the company also announced a share buyback program worth $1 billion. According to today’s release, News Corp expects to begin executing this program after its quiet period ends next week.

What did management say?

Commenting on the successful quarter, chief executive Robert Thomson stated:

I am pleased to report that the first quarter of Fiscal 2022 was the most profitable of its kind since the re-launch of News Corp in 2013, building on the trends evident in the last financial year. Revenues for the quarter were $2.5 billion, an increase of 18 per cent, while our profitability rose by a hefty 53 percent.

Dow Jones achieved stronger profitability than any first quarter in its 140-year history. We look forward to completing the acquisition of OPIS, which will enhance our fast-growing professional information business. Recent events have highlighted the importance of intelligence about energy and carbon markets, and we fully expect to emerge as a world leader in that area.

Despite the positive results, the release did not contain any details relating to News Corp’s outlook.

The News Corp share price is up 37% year-to-date.

The post News Corp (ASX:NWS) share price in focus as first-quarter delivers growth appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Mitchell Lawler 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 Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of Tesla (NASDAQ: TSLA) have soared 60% in the last month, and that momentum continued on Thursday. The stock is up another 1.7% as of 2:10 p.m. EDT. The surge in the stock comes even as the framework of President Biden’s Build Back Better bill only includes incentives for buying electric vehicles (EVs) at unionized shops, which wouldn’t include Tesla.

So what

But Elon Musk has been on Twitter recently stressing that Tesla’s EV business has much more demand than production capacity already. That, in itself, is a good problem to have. Some investors may also be looking beyond EV sales for growth in Tesla, too. And as it is currently written, the Build Back Better legislation could help Tesla grow in its areas of focus beyond just electric cars.

Now what

It may not get as much press, but Tesla also sells solar panels, solar roofs, and battery storage systems. And the company’s energy business should contribute more to Tesla’s growth going forward. In its recently reported third-quarter financial report, Tesla reported that its solar power and solar storage deployments grew 46% and 71%, respectively, year over year.

If Biden’s agenda does get passed, it could provide incentives that drive further growth in Tesla’s energy business. The bill calls for rebates for “qualified electrification projects.” Those include home and multi-family building rebate programs as well as energy efficiency and renewable energy projects that “may include a combined heat and power, microgrid, or energy storage component.”

While most investors focus on Tesla’s growth in electric-vehicle sales, its energy business is already expanding, and if a bill calling for federal incentives passes, that growth could accelerate. That might also be a reason why Tesla shares continue to have upward momentum. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Tesla stock continues to run appeared first on The Motley Fool Australia.

More reading

• Why Tesla stock jumped on Wednesday
• Why Tesla stock jumped on Thursday
• Why Tesla stock revved even higher on Tuesday
• Why is the Liontown (ASX:LTR) share price roaring 5% higher today?
• Why ASX 200 tech shares are leading the charge higher today

Howard Smith 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 Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Rio Tinto Limited (ASX: RIO) share price has continued to tumble over the past month followed by weak investor sentiment.

On Thursday, the mining giant’s shares sank a further 1.54% to close at $88.32. This means the company’s shares have lost about 9% in value during the last month.

What’s going on with Rio Tinto shares?

Investors have been heading for the exits, pushing the Rio Tinto share price to a new 52-week low.

The company released its third-quarter trading update in mid-October, revealing a soft performance and full-year guidance downgrade.

Rio Tinto acknowledged another difficult quarter operationally despite mostly improving key numbers against the prior quarter. Ongoing challenges caused by COVID-19 hampered the company’s production results.

In addition, Rio Tinto slightly reduced production targets on some of its key commodities for 2021.

The news sent Rio Tinto shares backtracking almost 1% on the day. While it may not seem much, the benchmark S&P/ASX 200 Index (ASX: XJO) rose 0.69% higher to 7,362 points, the third strongest climb in the month.

The company is scheduled to report its fourth-quarter operations review on 18 January 2022.

What do the brokers think?

A number of brokers weighed in on Rio Tinto’s shares after the release of its latest performance report.

Analysts at Macquarie Group Ltd (ASX: MQG) cut their price target by 8.3% to $133.00 for the Rio Tinto share price. Swiss investment firm UBS had a more bearish tone, slashing its outlook by 6% to $79.00.

Credit Suisse also changed it assessment by lowering its rating by 3.6% to $106.00.  It appears the broker is focused on Rio Tinto’s statement about its FY21 guidance.

Rio Tinto share price review

Over the past 12 months, the Rio Tinto share price has fallen around 4% and hit a 52-week low of $88.32 yesterday. When looking at 2021 alone, its shares have plummeted by more than 20% for the period.

Rio Tinto commands a market capitalisation of roughly $32.79 billion with approximately 371.22 million shares outstanding.

The post Why did the Rio Tinto (ASX:RIO) share price go backwards in October? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Afterpay Ltd (ASX: APT) share price is likely to come under pressure on Friday.

This follows a negative reaction on Wall Street to the release of the third quarter results of Square, Inc (NYSE: SQ).

Why could the Afterpay share price tumble?

The Afterpay share price could tumble today after a pullback in the Square share price overnight following the release of its third quarter update.

As Square is acquiring Afterpay via an all-scrip deal, the value of the takeover price rises and falls with the Square share price.

Investors were selling Square shares in after-hours trade due to its revenue falling well short of analyst expectations during the quarter. Square’s total net revenue came in at US$3.84 billion, down from US$4.68 billion in the second quarter and short of the analyst consensus estimate of US$4.48 billion.

Similarly, Square’s adjusted EBITDA fell quarter on quarter to US$233 million from US$360 million.

What does this mean for the takeover?

At the time of writing, the Square share price is fetching US$235.80 in after-hours trade.

Afterpay and Square have agreed a deal that will see Afterpay shareholders receive a fixed exchange ratio of 0.375 shares of Square Class A common stock for each Afterpay share they hold.

Based on the current Square share price and the latest exchange rates, this equates to a takeover price of $119.43.

This is actually lower than the Afterpay share price of $124.38 at the close of play on Thursday, which doesn’t bode well for today’s trading session. Particularly given how shares will often trade at a discount to the takeover price to account for uncertainties and such events like this.

Though, it is worth noting that after-hours trade often represents a bit of a knee jerk reaction from investors. There’s always a chance that Square’s shares could reverse these declines once the market reopens and brokers have fully digested the result.

The post Afterpay (ASX:APT) share price set to tumble after Square’s shares sink appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Zip’s record month, Domino’s crashes
• Afterpay (ASX:APT) share price on watch after Square takeover update
• What happened for the Afterpay (ASX:APT) share price in October?
• Why is the Afterpay (ASX:APT) share price up 10% in just 2 weeks?
• Why ASX 200 tech shares are leading the charge higher today

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. owns shares of and has recommended AFTERPAY T FPO and Square. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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