Category: Stock Market

The Hazer Group Ltd (ASX: HZR) share price has jumped out of the starting blocks this week and stamped firmly into the green.

Hazer shares closed the day at 91.5 cents, a 12.27% climb from last Friday’s closing price.

There was no market-sensitive information today. However, Hazer shares may be rising on a backdrop of market crosscurrents that favourably impact Hazer’s end markets.

Let’s investigate further.

The IPCC Climate Report

The Intergovernmental Panel on Climate Change (IPCC) recently delivered the findings from its report on climate change.

A cause for serious concern is the mantra carried throughout the report’s entirety. For instance, the IPCC estimates that global warming will reach 1.5 degrees celsius by 2030 at the current run rate.

The IPCC also found that global temperatures have elevated by 1.1 degrees since industrialisation times.

As such, the report calls to abandon oil, coal and gas exploration. Moreover, it states reforestation and carbon removal are key initiatives in reversing global warming.

What does this mean for the Hazer share price?

Firstly, the ASX is over-indexed towards natural resource shares, highly concentrated in coal, oil, natural gas and metals.

It stands to reason that these names will likely be net losers as a result of the report findings.

Moreover, we already see evidence of the same, with resource heavyweights such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) facing selling pressures on the charts.

In addition, United Nations secretary-general António Guterres described the significant growth in renewable infrastructure required to fulfil the IPCC report’s objectives.

Guterres advocates that wind capacity “should quadruple” and that renewable energy investments “should triple” to “maintain a net-zero trajectory” by 2050.

Recall that Hazer has claim to a unique process that converts biomethane to renewable hydrogen and graphite without producing CO2 in the process.

Therefore, it also stands to reason that Hazer is well positioned to capture these secular tailwinds outlined by Guterres.

Investors seem to think so too, having pushed the Hazer share price 10% higher in afternoon trading.

Hazer share price snapshot

The Hazar share price has posted a year-to-date gain of 13.66%, extending the previous 12 month’s climb of 131.65%.

This has outpaced the S&P/ASX 200 Index (ASX: XJO) return of around 24% over the past year.

The post Why the Hazer (ASX:HZR) share price is up 12% this week appeared first on The Motley Fool Australia.

More reading

• Why the Hazer (ASX:HZR) share price is edging higher today

The author Zach Bristow has no positions 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 Aussie Broadband Ltd (ASX: ABB) share price has a new record high. It comes after shares in the company rocketed an eye-watering 7.78% to hit a new landmark price of $3.60 at market close on Wednesday.

One possible reason for today’s noticeable price rise could be Aussie Broadband’s new 5-year deal with the Telstra Corporation Ltd (ASX: TLS) wholesale division.

Let’s take a closer look at today’s news.

Aussie Broadband share price rises with new Telstra deal

In a statement to the ASX, Aussie Broadband announced a new 5-year deal with Telstra Wholesale “to provide backhaul capacity between 42 [National Broadband Network] NBN [point of interconnects] POIs and data centres” for areas not already covered by Aussie Broadband’s own fibre network.

According to the company, the new deal will bring forward a combined saving of $1 million per year for FY22 and $15 million per year from FY23 onwards.

All of Aussie Broadband’s POIs will be upgraded from 10GB and 20GB connections to a “minimum” 100GB. The company says the new deal will also provide more certainty for customers as the potential for internet disruptions should be diminished.

This news may be inspiring investors, judging by the surging Aussie Broadband share price.

The additional network capacity will accelerate growth in the business segment and underpins the company’s plans to increasingly target the enterprise and business market, according to Aussie Broadband. The telco also says the deal will facilitate additional growth in its residential and white label segments.

Management commentary

Aussie Broadband Managing Director Phillip Britt said that over the next six months, Aussie Broadband intends to release a range of new products into the Carbon platform, specifically suited to larger businesses.

Carbon has been a game-changer for many of our larger corporate customers; helping them to fully customise, design and order telecommunication services rather than prescribing strict, predetermined service packages.

Aussie Broadband share price snapshot

Over the past 12 months, the Aussie Broadband share price has increased 88.5%. The S&P/ASX 200 Index (ASX: XJO) has only increased 23.5% by comparison.

Only yesterday, Aussie Broadband broke its previous all-time high. The relatively young telco will release its full-year results on 30 August. Given its current valuation, Aussie Broadband has a market capitalisation of $685 million

The post Why the Aussie Broadband (ASX:ABB) share price rose 8% to a new high appeared first on The Motley Fool Australia.

More reading

• How did the Telstra (ASX:TLS) share price respond last earnings season?
• Telstra (ASX:TLS) and this ASX dividend share are rated as buys
• These 3 ASX 200 shares were the most traded this Tuesday
• The Telstra (ASX:TLS) share price just hit another new 52-week high
• Why the Aussie Broadband (ASX:ABB) share price just hit a new all-time high

Motley Fool contributor Marc Sidarous 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 Aussie Broadband Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband 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 Accent Group Ltd (ASX: AX1) share price was well and truly out of form on Wednesday.

The footwear-focused retail company’s shares ended the day almost 7% lower at $2.61.

Positively, despite this sizeable decline, the Accent share price is still up close to 80% over the last 12 months.

Why did the Accent share price crash lower today?

The catalyst for the weakness in the Accent share price on Wednesday was the release of a broker note out of Citi this morning.

According to the note, the broker has downgraded Accent’s shares to a sell rating from neutral and cut the price target on them by a sizeable 19% to $2.50.

Citi made the move largely on valuation grounds, believing that Accent shares weren’t factoring a number of potential risks that could impact the company’s performance.

The broker feels that there are risks to Accent’s sales from the recurring lockdowns across Australia. Particularly given how it expects there to be less stimulus in the economy this time around compared to last year.

In addition to this, its team sees risks in the supply chain. It notes that footwear manufacturers such as Adidas have had their production impacted by COVID-19 lockdowns in Vietnam.

In light of this, the broker believes that Accent will now record a decline in same store sales of over 7% during the first half of the new financial year. This is expected to lead to a reduction in both its full year earnings and dividends in FY 2022.

Though, it is worth noting that with Citi forecasting a fully franked dividend of 12.5 cents per share next year, this will still provide investors with a generous yield. Based on the current Accent share price, this equates to a fully franked dividend yield of almost 4.8%.

The post Accent (ASX:AX1) share price down 7% on broker downgrade appeared first on The Motley Fool Australia.

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• Why Accent, Bluebet, IAG, & Megaport shares are tumbling lower
• Which shares are the biggest movers on the ASX 300 this Wednesday?
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• Telstra (ASX:TLS) and this dividend share could be buys
• 2 excellent ASX dividend shares given buy ratings

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 Accent Group. 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 Nufarm Ltd (ASX: NUF) share price climbed higher today following a positive announcement from the company during afternoon trade.

At market close, the agricultural chemicals company’s shares finished up 3.33% high, trading at $4.51.

What did Nufarm announce?

Investors are buying up Nufarm shares in hopes that the company’s latest news will see penetration into new markets.

According to its release, Nufarm advised that the United States Food and Drug Administration (FDA) has approved its Nutriterra Omega-3 Canola Oil as a new dietary ingredient.

Developed by Nuseed, a wholly-owned subsidiary of Nufarm, the Canola-based Omega-3 canola oil is the world’s first plant-based source of DHA and EPA long-chain omega-3 fatty acids.

Its Omega-3 profile can be used to support human nutrition (marketed as Nutriterra) and fish feed (marketed as Aquaterra).

A human clinical trial previously conducted by Nuseed recorded significantly improved omega-3 levels leading to reduced cardiovascular and cognitive risks. The dietary supplements quickly absorbed the oil’s long-chain omega-3, which were merged into blood lipids.

Nufarm also believes its Aquaterra product can reduce pressure on fisheries to catch wild-fish stocks.

The company has obtained human food and fish feed approvals in Australia, New Zealand, and Canada. Additional regulatory applications in other key markets around the world are progressing.

Management commentary

Nufarm CEO, Greg Hunt commented:

The FDA’s acknowledgment along with our recently completed human clinical trial, allows us to progress our plans to expand into the human nutrition market and meet a growing demand for plant-based omega-3 essential oil options.

Mr Hunt went on to add:

With FDA recognition of Nuseed’s conclusion that Nutriterra is a safe new dietary ingredient, we are well placed to secure commercial partnerships that will attract new consumers, enter into new segments and raise consumption of omega-3.

About the Nufarm share price

Over the last 12 months, Nufarm shares have gained a little over 5%, with year-to-date up around 10%. The company’s share price reached a 52-week high of $5.60 in April, before treading lower.

Nufarm has a market capitalisation of roughly $1.7 billion, with approximately 379 million shares on its books.

The post Why the Nufarm (ASX:NUF) share price climbed higher today 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 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 parabolic Pilbara Minerals Ltd (ASX: PLS) share price has added 23% in the past week to a fresh all-time high of $2.46 on Wednesday.

Perhaps what’s more impressive is the fact that Pilbara Minerals shares have doubled in just over three months, from $1.21 on 27 May.

Good news keeps piling up

The Pilbara Minerals share price continues to leverage the bullish news for the lithium sector and spot prices.

A major catalyst for the lithium sector last week was President Joe Biden’s executive order, targeting at least half of all new vehicles sold in the United States to be electric by 2023.

The Pilbara Minerals share price rallied 10.95% on Tuesday in wake of bullish commentary for the lithium sector from JPMorgan.

The broker upgraded all the ASX 200 lithium shares under its coverage to an overweight rating, citing a significant supply-demand imbalance in the medium-term and upgrading its long-term lithium spot price forecasts.

A bigger theme at hand

The surging Pilbara Minerals share price could play into a much bigger thematic, that is climate change.

In the words of the Eureka Report’s Alan Kohler, “It’s not often an investing theme comes along that is both certain and certainly huge, but we’ve got one right now. The theme is climate change, or more specifically, the transition to a zero-carbon world.”

The International Energy Agency’s world energy outlook 2020 cited that, “A structural transformation of the energy sector will require massive investment in new, more efficient and cleaner capital stock. Drawing on the IEA Sustainable Recovery Plan, the Sustainable Development Scenario (SDS) sees a near-term surge of investment in clean energy technologies over the next ten years.”

Going back to Pilbara Minerals, the company has signed a number of offtake agreements with leading players in the renewable technology space including Gangfeng Lithium and CATL.

The post The Pilbara Minerals (ASX:PLS) share price is up 23% in a week appeared first on The Motley Fool Australia.

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• These 3 ASX 200 shares were the most traded this Tuesday
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• Which shares are leading the ASX 300 on Tuesday?

Motley Fool contributor Kerry Sun 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 Novonix Ltd (ASX: NVX) share price obviously had more in the reserve tank after lifting off yesterday.

After emerging from its trading halt, the lithium-ion battery tech company gained 15.6% yesterday. The momentum has clearly rolled into trading today, with the company adding an additional 12.6% to its share price.

Big investment for the future

The ignition for investors’ excitement appears to stem from the Novonix announcements yesterday. These included a capital raising program and a strategic investment, which go hand in hand.

Pertaining to the capital raising, Novonix is intending to issue 77,962,578 new ordinary shares. These shares are being priced at A$2.60 per share which, some quick math suggests, is roughly $202.7 million of capital raised.

It was revealed that United States energy company Phillips 66 (NYSE: PSX) will purchase the new Novonix shares, taking a 16% equity stake in the ASX-listed company in the process. This news catapulted the Novonix share price higher.

While Phillips 66 is an oil company, by and large, it also develops carbon anodes and materials for lithium-ion batteries using the by-products of its main business. Reportedly, the US company’s rationale for the investment is to advance its commitment to pursuing lower-carbon solutions.

Additionally, the partial acquisition will support its endeavour to sure-up a domestic supply chain for the growing electric vehicle market in the US. In the process, Phillips 66 will be providing Novonix capital for expansion, according to the company:

Phillips 66’s investment will provide Novonix with the capital needed to support growth and ongoing R&D as the group continues to scale synthetic graphite production and develop new technologies for higher-performance energy storage applications.

These efforts are certainly heavily in focus after the alarming climate report released by the IPCC yesterday. Essentially, the in-depth study called for a swift and decisive shift away from oil, gas, and coal within this decade.

Novonix share price in review

Any lucky shareholders that have retained their holdings in Novonix over the last year have enjoyed significant share price appreciation. The past year has seen the Novonix share price increase an astonishing 231%. Comparably, the S&P/ASX 200 Index (ASX: XJO) has climbed 23.5%.

Lastly, the market capitalisation on Novonix is now residing at around $1.58 billion.

The post Novonix (ASX:NVX) share price surges another 12%. Here’s why appeared first on The Motley Fool Australia.

More reading

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• Why BlueBet, James Hardie, Megaport, & Novonix shares are racing higher

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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The Origin Energy Ltd (ASX: ORG) share price gained 4% today after the company released news of a green ammonia partnership.

Origin has partnered with Mitsui O.S.K. Lines (MOL). The two companies plan to look into creating a green ammonia supply chain in Australia.

The Origin Energy share price finished today trading at $4.42.

Let’s take a closer look at Origin Energy’s latest venture.

Is this the green future?

The Origin share price had a great day after the energy company announced it’s looking into creating green ammonia.

Ammonia can be used as a renewable energy. It’s often called ‘green’ when it’s produced using renewable energy.

The companies will come up with a feasibility study outlining their plan to supply “key downstream markets” with green ammonia. They expect the feasibility study, which will look at beginning supplying green ammonia from 2026, to be completed by December.

Additionally, Origin is already undergoing a $3.2 million feasibility study looking into producing green ammonia in Bell Bay, Tasmania.

Origin’s general manager of future fuels, Tracey Boyes commented on the benefits that may come from producing ammonia in Australia:

With our abundance of renewable resources and proximity to Asian markets, Australia is in the box seat to develop a world-leading hydrogen sector…

Transport is one of the biggest opportunities globally to achieve emissions abatement through the use of green and renewable fuels such as hydrogen and ammonia.

Boyes also noted Origin is in a prime position to explore producing green ammonia, due to its experience in exporting LNG.

Origin share price snapshot

Today’s boost hasn’t been enough to get Origin back into the red on the ASX.

Right now, shares in Origin are going for 8% less than they were at the start of the year. They have also fallen 24% since this time last year.

The company has a market capitalisation of around $7.4 billion, with approximately 1.7 billion shares outstanding.

The post Origin (ASX:ORG) share price lifts following green ammonia news appeared first on The Motley Fool Australia.

More reading

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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 Bruce Jackson.

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

BlueBet Holdings Ltd (ASX: BBT)

According to a note out of Morgans, its analysts have retained their add rating and $2.44 price target on this sports betting company’s shares. This follows news that BlueBet has signed an agreement with the Colorado River Indian Tribes and BlueWater Resort and Casino to pursue online sports betting access in Arizona. Morgans was pleased with the news, noting that this follows a similar development in Virginia. The broker believes the company has a huge opportunity in the US market. The BlueBet share price is trading at $2.00 at present.

Novonix Ltd (ASX: NVX)

Another note out of Morgans reveals that its analysts have retained their (speculative) add rating and lifted their price target on this lithium company’s shares to $4.53. Morgans notes that US energy company Phillips 66 is investing in Novonix, with the proceeds expected to support an increase in Novonix Anode Materials production capacity. The broker feels the deal de-risks the company’s growth plans. It also believes Novonix is well-positioned in the US market to benefit from increasing demand for battery materials. The Novonix share price is fetching $3.93 currently.

Suncorp Group Ltd (ASX: SUN)

Analysts at Credit Suisse have upgraded this insurance giant’s shares to an outperform rating and lifted the price target on them to $14.00. This follows the release of a strong full year result earlier this week. Credit Suisse appears confident this strong form will continue, underpinning further growth in earnings and dividends in the near term. The Suncorp share price is trading at $12.77 on Wednesday.

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

More reading

• Why Accent, Bluebet, IAG, & Megaport shares are tumbling lower
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• These 3 ASX 200 shares were the most traded this Tuesday
• Which shares are leading the ASX 300 on Tuesday?
• Why BlueBet, James Hardie, Megaport, & Novonix shares are racing 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 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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Since becoming its own ASX 200 listing back in late 2018, the Coles Group Ltd (ASX: COL) share price has become known as an ASX dividend heavyweight. Being a large, mature blue chip ASX company, this probably wouldn’t have been much of a surprise.

After all, even before Coles’ ASX listing, its arch-rival Woolworths Group Ltd (ASX: WOW) had been paying its shareholders with hefty, fully franked dividends for decades. It wasn’t a stretch to see Coles pursuing a similar path.

But now we have put a few years between Coles’ spin-off from its old parent company Wesfarmers Ltd (ASX: WES), it’s probably a good time to assess how Coles is tracking in the dividend department. So exactly what kind of dividends is Coels offering its investors this August?

Well, it’s first worth noting that Coles is scheduled to report its FY2021 earnings in exactly a week’s time (18 August). We’ll probably hear what kind of dividends investors can expect from Coles later this year from the company’s management then.

But let’s go with what we do know today. So Coles’ last two dividend payments came in at 33 cents a share (the March 2021 interim payout) and 27.5 cents per share (the September 2020 final dividend).

Together, these two payouts come to a total of 60.5 cents per share for the previous 12 months. That gives Coles a trailing dividend yield of 3.33% (or 4.76% grossed-up with full franking) on the current Coles share price.

Not bad for Coles shareholders, especially considering Woolworths’ trailing dividend yield stands at 2.51% today.

But what of the future?

Are Coles shares a buy for dividends this August?

Well, as I stated, we don’t yet know for sure. But one broker has given it a ‘best guess’. Investment bank Goldman Sachs. Goldman currently rates the Coles share price as a ‘buy’, with a 12-month share price target of $19.40 a share, implying a potential upside of 6.65% on the current Coles share price. 

When it comes to dividends, Goldman is also bullish. The broker reckons that Coles will be able to keep raising its dividend over the next few years. It is estimating a potential dividend payout of 62 cents per share for FY2022, growing to 73 cents per share by the 2023 financial year.

No doubt Coles shareholders will be hoping Goldman is right!

At the current Coles share price, the compnay has a market capitalisation of $24.1 billion

The post Should you buy Coles (ASX:COL) shares in August for the dividend yield? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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 and Wesfarmers 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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ASX tech shares have certainly become more than a passing fancy for ASX investors. With fabled success stories like Afterpay Ltd (ASX: APT), Xero Limited (ASX: XRO) and WiseTech Global Ltd (ASX: WTC), it’s certainly hard to ignore this sector in these strange times.

But could we just be seeing the start of the ASX tech revolution? My Fool colleague Mitchell Lawler reported this morning that the movers and shakers at Afterpay and fellow Aussie (albeit US-listed) tech company Atlassian Corporation PLC (NASDAQ: TEAM) have teamed up in a “push for Australia to become an irresistible hub for tech startups”.

The best heads at Afterpay and Atlassian will be joined by the best and brightest from 22 other tech leaders to form the Tech Council of Australia (TCA). As well as Afterpay and Atlassian, the members of the new TCA include many ASX-listed tech companies. These include the likes of Airtasker Ltd (ASX: ART), Redbubble Ltd (ASX: RBL) and Megaport Ltd (ASX: MP1). But it will also include some unlisted ASX tech players like Canva and SquarePeg. As well as some global tech titans like Microsoft Corporation (NASDAQ: MSFT) and Alphabet Inc‘s (NASDAQ: GOOG)(NASDAQ: GOOGL) Google.

An ASX tech A-team

The council’s board will reportedly be made up of Atlassian’s Scott Farquhar, Mina Radhakrishnan from :Different, Afterpay’s Anthony Eisen, and Canva co-founder Cliff Obrecht. And its chair will be Robyn Denholm, who is one of the most famous tech stewards in the world in her position as chair of Elon Musk’s Tesla Inc (NASDAQ: TSLA).

So what does this ‘A-team’ of Aussie tech have in mind for the future of the ASX tech sector?

Well, according to a report from news.com.au, the TCA has 3 overarching goals:

• To “help position Australia as the startup capital of the world within 10 years”
• Aussie tech to employ 1 million people by 2025
• To grow the value of the Aussie tech industry to $250 billion by 2031

As my Fool colleague discussed this morning, Atlassian co-founder Mike Cannon-Brookes reckons Aussie tech is worth around $167 billion today, so an increase to $250 billion would represent a meaningful expansion of the local tech sector. According to the news.com.au report, the TCA will aim to reach its goals by:

• supporting growth of, and investment in, Australia’s tech sector
• generating more jobs
• helping develop regulation for new and emerging technologies, and
• taking on the responsibilities of not-for-profit organisation StartupAus

Good news indeed for any ASX tech investors out there today!

The post Aussie tech could grow to $250b. What does this mean for ASX tech shares? appeared first on The Motley Fool Australia.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns shares of Alphabet (A shares) and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Alphabet (A shares), Alphabet (C shares), Atlassian, MEGAPORT FPO, Microsoft, Tesla, WiseTech Global, and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO, WiseTech Global, and Xero. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and MEGAPORT 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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