In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on track to start the week with a disappointing decline. At the time of writing, the benchmark index is down 1.05% to 6,608.8 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Costa Group Holdings Ltd (ASX: CGC)

The Costa price is down 13% to $2.50. This follows the release of a broker note out of Credit Suisse and a trading update. In respect to the former, the broker has downgraded the horticulture company’s shares to a neutral rating and slashed the price target on them by 24% to $2.80. As for the latter, Costa warned that there are quality issues across its citrus portfolio.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price is down 5.5% to $71.25. This appears to have been driven by a bearish note out of Goldman Sachs. Its analysts have downgraded the pizza chain operator’s shares to a sell rating and cut the price target on them to $59.20. Goldman believes the company will fall short of consensus earnings estimates.

EML Payments Ltd (ASX: EML)

The EML share price has crashed 22% to 99.2 cents. This morning the payments company announced the surprise exit of its long-serving CEO, Tom Cregan, with immediate effect. EML has appointed Emma Shand as its new managing director and CEO. She has been a director at the company since last year.

Novonix Ltd (ASX: NVX)

The Novonix share price is down 10.5% to $2.20. Investors have been selling this battery technology company’s shares following the release of a broker note out of Morgans. It said: “The market is pricing in risk much more aggressively and NVX has not yet proven the viability of its anode business with blue chip clients at scale. We have therefore reduced our target price to $2.98 (-39%) with a higher assumed cost of equity and a later assumed ramp up of production.”

The post Why Costa, Domino’s, EML, and Novonix shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Domino’s share price drops 5% on bearish broker note
• Novonix share price sinks 8% following ‘gun shy’ broker note
• Why is the Costa share price sinking 12% to a two-year low?
• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades

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

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The share prices of two S&P/ASX 200 Index (ASX: XJO) lithium favourites, Allkem Ltd (ASX: AKE) and Liontown Resources Limited (ASX: LTR), are suffering today.

Interestingly, there’s been no news from the companies on Monday. However, they’re joined in the red by many of their ASX 200 lithium peers.

Here’s a closer look at how the pair is performing today:

• The Allkem share price is currently $10.10, 3.39% lower than its previous close
• The Liontown Resources share price is 99.8 cents right now, 2.21% lower than it was at the end of Friday’s session

For comparison, the ASX 200 is down 1.02%, while the S&P/ASX 200 Materials Index (ASX: XMJ) has slumped 2.34%.

What’s weighing on these ASX 200 lithium shares?

Shares in ASX 200 lithium stocks Allkem and Liontown Resources appear to have been caught up in lithium and materials’ about-face on Monday.

Firstly, the broader materials sector’s suffering is likely weighing on the stocks. The index housing plenty of mining giants is currently the ASX 200’s worst-performing index.

And among the worst performers in the materials sector today is fellow lithium favourite Lake Resources NL (ASX: LKE).

The stock is currently tumbling 4.86% as its short interest leaps to join some of the market’s most shorted shares.

Lake Resources’ short interest had increased nearly 5% over the last month to place it as the fifth most shorted ASX share in The Motley Fool’s latest short-selling update.  

A similar jump has been experienced by ASX 200 newbie Core Lithium Ltd (ASX: CXO) – 7.7% of the company’s stocks are in the hands of short-sellers, according to the most recent data.

And while neither Allkem nor Liontown Resources have seen their short interest increase, sentiment for lithium may have shifted alongside short seller’s interest in some lithium stocks.

Finally, today’s slip could be the result of continued volatility.

The share prices of Allkem and Liontown Resources lifted 5% and 7% respectively on Friday. That left them having gained 3.3% and 2% respectively last week.

Thus, today’s dip might be in response to their strong performances last week.

The post Why are these ASX 200 lithium shares tumbling today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why are Lake Resources shares becoming a short seller target?
• Is this a good time to go digging for ASX 200 mining shares for FY23?
• These are the 10 most shorted ASX shares
• ASX battery metals shares trying to power up after a horror June

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

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It’s been a depressing start to the trading week so far for the S&P/ASX 200 Index (ASX: XJO). The ASX 200 has clearly gotten out on the wrong side of the bed this morning, with the index copping a nasty 0.98% loss so far today. It’s at 6,612.8 points at the time of writing.

But let’s not let that get us down. We’ll instead check out the shares that are currently at the top of the ASX 200’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Pilbara Minerals Ltd (ASX: PLS)

Lithium producer Pilbara is our first ASX 200 share this Monday. So far today, 11.01 million Pilbara shares have been bought and sold thus far. We haven’t got much in the way of news out of the company directly.

However, Pilbara shares have taken a nasty tumble so far today. This lithium stock is presently down by 2.13% to $2.30 a share. This is the likely source of the high volumes we are seeing.

Lake Resources N.L. (ASX: LKE)

Lake Resources is our next company worth checking out. This ASX 200 lithium stock has had a notable 15.41 million of its shares bounce around the market this Monday. We haven’t heard anything out of Lake today either.

In saying that, we did discuss the company’s hefty share price loss earlier. Lake Resources shares are presently down by 4.86% at 68.5 cents each. Not only that but we also found out this morning that the company has become a short-seller target. So it’s probably these factors behind these high volume numbers.

EML Payments Ltd (ASX: EML)

Our third and final ASX 200 share today is payments company EML. This trading session has seen a sizeable 24.69 million EML shares swap hands as it currently stands.

We don’t have to look too far for this one. EML has suffered a whopping 22.66% selloff so far this Monday. This comes after the sudden and unexplained departure of the company’s CEO Tom Cregan, announced this morning. Investors have reacted swiftly in punishing EML shares. With such a dramatic share price loss, the high volumes we are seeing are not too surprising.

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

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More reading

• Why are Lake Resources shares becoming a short seller target?
• Here are the 5 best ASX 200 bank shares of FY22
• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
• EML share price sinks 18% amid CEO’s unexplained departure
• Is this a good time to go digging for ASX 200 mining shares for FY23?

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 positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a sizeable decline. At the time of writing, the benchmark index is down 0.95% to 6,614.3 points.

Four shares that are not letting that hold them back today are listed below. Here’s why they are pushing higher:

Althea Group Holdings Ltd (ASX: AGH)

The Althea share price is up 19% to 9.5 cents. This morning the cannabis company released a trading update which revealed $22 million in receipts from customers for FY 2022. This is an increase of 113% from the previous year. This followed a record final quarter with $6.5 million in receipts from customers.

AnteoTech Ltd (ASX: ADO)

The AnteoTech share price is up 5% to 8.4 cents. This follows the announcement of positive test results from “two respected and recognised global companies operating in the lithium-ion battery (LIB) value chain” for its drop-in cross-linker additive for LIB anodes, AnteoX. The additive has driven an uplift in electrochemical performance for lithium batteries.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up almost 6% to $3.81. This is despite there being no news out of the coal miner today. Though, it is worth noting that coal prices had a positive finish to the week. This was possibly driven by China’s stimulus plans.

Omni Bridgeway Ltd (ASX: OBL)

The Omni Bridgeway share price is up 3.5% to $3.86. This morning this litigation funder announced that it achieved annual commitments of $463 million for FY 2022. This is a record level and a 12% increase year-on-year. Management advised that the growth in commitments was achieved without any deterioration in the quality of underwriting or compression in margins.

The post Why Althea, AnteoTech, New Hope, and Omni Bridgeway shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
• Anteotech share price surges 20% after passing first lithium battery hurdle
• Here are the top 10 ASX shares today
• Becoming Australia’s biggest export failed to ignite ASX coal shares today
• 5 worst ASX energy shares of FY22

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

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A tough day on the ASX has led these two gold mining shares to hit a multi-year low today.

The Newcrest Mining Ltd (ASX: NCM) share price dropped to multi-year low of $19.06 during early afternoon trade.

While slightly recovered, its shares are currently down 3.14% to $19.14.

On the other hand, the Evolution Mining Ltd (ASX: EVN) share price also hit a multi-year low of $2.31 during midday.

At the time of writing, its shares are down 4.90% to $2.33 apiece.

What’s happened to both of these gold mining shares?

While no news has come out of either company today, it’s apparent that a broader decline on the ASX is attributing to the fall.

The S&P/ASX 200 Resources (ASX: XJR) index is one of the worst performers on Monday, down 1.53% to 5,005.9 points.

A general weakness in commodity prices is dragging down gold and mining shares amid investors’ uncertainty on the economic outlook.

United States inflation numbers for June are set to be released this Wednesday along with the domestic jobs data on Thursday.

Undoubtedly, the market will be closely looking at the readings that come out of both reports.

If these numbers are high like the previous month, it could lead the Federal Reserve to ramp up interest rates again.

In addition, investor risk appetite for gold has receded over the past week which has piled on selling pressure.

The spot price of gold has been on a downwards path to trade below the psychological US$1,800 barrier. Currently, the yellow metal is fetching for US$1,740 per ounce.

Traditionally, in times of uncertainty and volatility, gold is considered a safe haven for investors to park their money.

However, with higher interest rates from central banks to cool inflation, investors tend to shift their assets into government bonds.

Looking at the latest figures, the Australian government bond yields range from 2.58% to 3.69% depending on the length of time.

Foolish takeaway

Despite the recent falls of both company shares, a small exposure to gold can be beneficial for any investor portfolio.

Even in the current economic climate, holding established gold mining companies with a long-term horizon can reap strong rewards.

The post 2 ASX 200 gold mining shares getting plastered with new multi-year lows appeared first on The Motley Fool Australia.

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More reading

• Is this a good time to go digging for ASX 200 mining shares for FY23?
• 5 things to watch on the ASX 200 on Monday
• 5 things to watch on the ASX 200 on Friday
• Is now the time to be buying beaten down ASX 200 mining shares?
• Here’s how the Newcrest Mining share price glamoured in FY22

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 Scott Phillips.

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The AMP Ltd (ASX: AMP) share price had another rough trot in FY22 and finished around 13% in the red.

At the time of writing, shares in the financial services giant are trading at $1.01each, in line with their June 2022 levels.

In broader market moves, the S&P/ASX 200 Financials index (ASX: XFJ) has slipped 10% into the red this year to date and 8% in the past 12 months.

Why did AMP slide in FY22?

It seems the big falls in the AMP share price were underscored by key macroeconomic events.

In particular, the onset of global central bank policy tightening regimes saw investors begin to price in a new set of risks to the financial sector.

The first round of interest rate hikes came from the US with the Federal Reserve opting to lift its base rate by 0.25% in March.

The Reserve Bank of Australia followed in May, also lifting rates by 0.25%.

After speculation, June saw the US Fed and the Reserve Bank of Australia (RBA) raise interest rates by 0.75% and 0.5% respectively.

The effect of the rate hikes was felt downstream immediately in the AMP share price.

It shifted south in two major drops, one on 5 May and the other on 6 June, both days when the increases were announced, as seen below via the US federal funds rate (red) and the cash rate (blue).

After suffering heavy losses in November-December 2021, following the planned demerger of AMP Limited and the new PrivateMarketsCo, it caught buyers at the January lows.

From there, the AMP share price sailed to a 52-week high of $1.21 on 5 May, before the Fed played its hand, as described above.

In the last 12 months, the AMP share price has slipped more than 8% into the red and trades well off its pre-pandemic highs.

The post Why did the AMP share price fall 13% in FY22? appeared first on The Motley Fool Australia.

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More reading

• What dragged the AMP share price down 13% in June?
• ASX bank shares look out, AMP has new tech under the hood
• Down 10% in a month, here’s the latest for the AMP share price
• Will Australia plunge into a recession?
• Guess how much insiders have been spending on AMP shares?

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

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The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is not delivering the goods on Monday.

In afternoon trade, the pizza chain operator’s shares are down 5% to $71.95.

Why is the Domino’s share price falling?

Investors have been selling down the Domino’s share price on Monday after the company was the subject of a bearish broker note out of Goldman Sachs.

According to the note, the broker has downgraded the pizza chain operator’s shares to a sell rating and cut the price target on them by 34% to $59.20.

This implies potential downside of almost 18% based on the current Domino’s share price.

What did the broker say?

The broker made the move on the belief that the company will fall short of consensus earnings estimates. Goldman explained:

We believe that consensus remains too high, and we see further downside, specifically from lower earnings in Japan and Europe due to lower store growth and not being able to fully pass through cost-inflation.

We believe this high inflationary environment will impact DMP in two ways. Firstly, it will push out the franchisee payback period, especially for split stores, where its store economics, were already fragile. […] Secondly, for EBITDA margin, we expect that Japan will see the highest erosion, back to pre-COVID levels given sales/store dilution due to normalization of orders post COVID and high cost inflation that may not be fully passed on.

In light of this, Goldman is forecasting Domino’s to deliver earnings growth well short of consensus estimates.

We now forecast a DMP sales CAGR and NPAT CAGR from FY22-24e to be 9.5% and 5.4% respectively and our EPS forecasts are 10%/19%/27% below FactSet consensus for FY22-24e inclusive due to both our lower sales and margins expectations.

The post Domino’s share price drops 5% on bearish broker note appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
• 5 things to watch on the ASX 200 on Monday
• Top brokers name 3 ASX shares to buy next week
• Here are the top 10 ASX shares today
• Why Domino’s, EML, Talga, and Woolworths shares are pushing higher

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

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The Macquarie Group Ltd (ASX: MQG) share price has had a rough slog in 2022. It’s plunged more than 19% year to date.

Does that mean the S&P/ASX 200 Index (ASX: XJO) is now a bargain buy? Read on to find out what brokers are tipping for the stock.

At the time of writing, the Macquarie share price is $168.94, 1.03% lower than its previous close.

For comparison, the ASX 200 is currently down 0.93% while the S&P/ASX 200 Financials Index (ASX: XFJ) has slumped 0.62%.

Macquarie share price slumps 19% this year

Macquarie has had a disappointing run on the market in 2022 so far.

Macquarie’s worst day on the market so far this year came on the back of the company’s full year earnings.

It posted a 56% jump in profits and a 36% increase in operating income. However, that wasn’t enough to sate the market. The Macquarie share price tumbled close to 8% on the bank’s results.

The stock has also likely been weighed down by rising inflation, three consecutive interest rate hikes, and, potentially, a $400 million capital raise.

Brokers bullish on Macquarie

Many brokers are expecting big things from the Macquarie share price, tipping the stock as a buy and predicting a notable upside.

Morgans is one such broker. It slapped the banking giant’s stock with a $215 price target and an add rating, my Fool colleague James reported earlier today.

On top of that, it’s tipping the bank to pay out $7.05 per share in dividends this financial year and $7.47 per share next financial year.

JP Morgans and Wilsons also liked the look of the bank last month, my colleague Zach reported.

The former assigned the bank’s shares a $218 price target and an overweight rating – representing a 29% upside on Macquarie’s current share price.

The post Down 19% in 2022. Is the Macquarie share price trading in the bargain bin? appeared first on The Motley Fool Australia.

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More reading

• Here are the 5 best ASX 200 bank shares of FY22
• Broker names 2 ASX 200 dividend shares to buy in July
• 4 ‘quality’ ASX shares to buy in scary times: expert
• I’m sticking by this ‘quality’ ASX share that’s fallen 20%: expert
• Why Macquarie shares could be a ‘quality cyclical at a discounted price’: expert

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. 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 recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been a difficult day so far this Monday for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 has kicked off the trading week with a loss of 0.91% so far. But it’s been an even worse day for one of the ASX 200’s newest entrants – Lake Resources N.L. (ASX: LKE).

Lake Resources shares are having a rather wild day so far. This ASX 200 lithium stock is currently down by a nasty 3.47% at 69.5 cents a share. This move comes after the lithium company closed at 72 cents a share last week and initially opened at that level this morning. But soon after, Lake Resources dropped below this threshold and fell as low as 68 cents a share.

Lake Resources has also risen to the top of the ASX 200’s share trading volume charts as the day has gone on. According to investing.com, more than 14.55 million Lake shares have traded on the share market so far this Monday. Out of the entire ASX 200 index, only EML Payments Ltd (ASX: EML) has had more shares find a new home so far.

But there is another factor to consider with Lake Resources shares today. As my Fool colleague James covered this morning, Lake Resources has now entered the list of the top ten most shorted ASX shares on the market.

Why are investors shorting Lake Resources shares?

Short selling refers to the practice of borrowing shares and selling them, with the intention of buying them back at a later date. It’s a way that investors can profit if a share price falls during this period.

If an ASX share is amongst the top most-shorted shares list, it means that there are a large number of professional investors betting that the company will fall in value in the future.

So this might help explain Lake Resources’ high trading volume today.

So why might investors be selecting Lake Resources to short sell right now? Well, it could be a consequence of the messy saga we saw with this company last month.

As we covered at the time, Lake Resources announced the shock resignation of its CEO Steve Promnitz on 20 June. All signs pointed to a departure that was not exactly amicable. The most obvious of these was the firesale of all 10.2 million of Promnitz’s Lake Resources shares the very next day.

There has also been talk of overoptimistic demand projections for lithium over the next few years. Combine that with a Lake Resources share price that had soared more than 150% between February and April this year, and we have a list of credible reasons why investors might want to short sell Lake Resources shares right now.

So all in all, not a fantastic start to the trading week for the Lake Resources share price this week. Let’s see what comes next for this ASX 200 lithium stock.

The post Why are Lake Resources shares becoming a short seller target? appeared first on The Motley Fool Australia.

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More reading

• Here are the 5 best ASX 200 bank shares of FY22
• ASX 200 midday update: EML crashes amid CEO exit, Costa and Domino’s sink on broker downgrades
• Is this a good time to go digging for ASX 200 mining shares for FY23?
• How did ASX 200 travel shares go in FY22?
• These are the 10 most shorted ASX shares

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 positions in and has recommended EML Payments. The Motley Fool Australia has positions in and has recommended EML Payments. 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: ZIP) share price is heading south during mid-afternoon trade on Monday.

At the time of writing, the buy now, pay later (BNPL) company’s shares are down 5.66% to 50 cents a share.

For context, the S&P/ASX 200 Financials (ASX: XFJ) sector is 0.59% lower to 5,878.7 points amid a broader sell-off today.

What dragging Zip shares down today?

While the broader market may be contributing to the Zip share price fall today, investors are digesting the latest news surrounding the company.

According to Business News Australia, Zip is shutting down its money management app Pocketbook.

This comes after the embattled company struggles with higher-than-expected bad debts along with unfavourable macroenvironmental conditions, including rising interest rates.

Acquired by Zip in 2016 for $7.5 million, Pocketbook is Australia’s largest personal finance management app with more than 800,000 users.

The software analyses and tracks spending by category and value, providing users with budgeting tools and offering better control of finances.

Zip chief product officer Travis Tyler commented:

Zip’s operating environment has changed significantly in the last few months and as a result we have adapted our strategy accordingly in order to accelerate our path to global profitability.

With this in mind, Zip has decided to close the Pocketbook app in order to reprioritise resources and focus on delivering sustainable profitability in our core ANZ market.

The closing of Pocketbook will come into effect on 5 August.

Despite an 89% increase in revenue, Zip posted a staggering loss of $172.7 million for the first half of FY22.

With total cash on hand down 19% to $266.8 million for the period, Zip is making changes to preserve its cash balance.

A number of experts are predicting the BNPL sector to fall further as tighter regulation looms in mid-2022.

As reported by The Guardian, Australian financial services minister Stephen Jones said that BNPL products would be treated the same as credit products.

Zip share price summary

Over the past 12 months, the Zip share price has plummeted almost 94%, with year-to-date performance down 88%.

It seems a long time ago that the company’s shares rocketed to an all-time high of $14.53 in February 2021.

Based on today’s price, Zip has a market capitalisation of approximately $345 million.

The post Own Zip shares? BNPL player shuts down finance app to focus on profitability appeared first on The Motley Fool Australia.

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More reading

• Down 6%, why Monday is not a fun day for the Zip share price
• Why did some ASX BNPL shares plummet more than 90% in FY22?
• Guess which 2 ASX shares were the best and worst All Ordinaries performers of FY22
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Block, Bubs, Infomedia, and Zip shares are dropping

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 positions in and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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