The Emyria Ltd (ASX: EMD) share price jumped to an all-time high today. This comes after the drug development and care delivery company announced a successful share placement by one of Australia’s largest private investment groups.

During afternoon trade, Emyria shares accelerated to a record high of 39 cents apiece. However, some profit-taking has led its shares slightly lower to 38 cents, up 16.92% at the time of writing.

Emyria secures strategic investment

Investors appear excited about the company bringing its newest investor on board, sending the Emyria share price to uncharted territory.

According to its release, Emyria advised it has received a $5 million strategic investment from Tattarang through a share placement.

Owned by the Forrest family, namely Andrew ‘Twiggy’ Forrest, Tattarang holds an extensive investment portfolio. This includes sectors across agri-food, energy, resources, property, lifestyle and healthtech.

Tattarang and its related entities hold a 36% stake in Fortescue Metals Group Limited (ASX: FMG).

Under the placement, Emyria will issue 20 million shares to Tattarang at a price of 25 cents each. Once completed, this will give Tattarang a 7.3% interest in Emyria.

In addition to the placement, 10 million options will be issued at an exercise price of 40 cents per option. The expiry date is two years from the expected date of 24 November 2021.

The funds received will be allocated to Emyria’s synthetic cannabinoid registration programs with the Therapeutic Goods Administration (TGA), and the United States Food and Drug Administration (FDA).

Furthermore, the company is also seeking to advance its novel MDMA-analogue development program with the University of Western Australia.

Emyria managing director, Dr Michael Winlo commented:

We are delighted to receive Tattarang’s strong support with this placement.

Emyria is the only ASX-listed company that controls patient-treating clinics and a clinical-trial-grade data system and uses these assets to accelerate the development and registration of new drugs, digital technologies and care models.

Our current leading programs cover synthetic cannabinoid-based pharmaceuticals, MDMA-assisted therapy and novel psychedelic drug development. We are very pleased to welcome Tattarang to be part of this next phase of growth.

Emyria share price summary

Over the past 12 months, Emyria shares have registered gains of more than 400%, with year-to-date hovering above 300% in 2021.

Emyria presides a market capitalisation of roughly $58.52 million and has approximately 153.99 million shares on its registry.

The post Here’s why the Emyria (ASX:EMD) share price is up 17% to a record high appeared first on The Motley Fool Australia.

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• Vulcan Energy (ASX:VUL) share price leaps 10% on new lithium deal
• Preparing for inflation? This fund manager believes these shares offer protection
• Why is the APA (ASX:APA) share price pushing higher today?

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 Santos Ltd (ASX: STO) share price is off to a rough start this week despite no news having been released by the company.

At the time of writing, the Santos share price is $6.59, 2.23% lower than it was at Friday’s close.

For context, the S&P/ASX 200 Index is currently down 0.4%, while the All Ordinaries Index (ASX: XAO) has slid 0.3%.

Let’s take a look at all that might be weighing on the company’s stock today.

The Santos share price is tumbling on Monday

The Santos share price is slipping today alongside oil prices and its peers’ stock. Thus, tumbling oil prices and a rocky energy sector might have something to do with the oil and gas producer’s suffering.

According to data from CNBC, West Texas Intermediate oil is trading at US$75.50, a 7-week low. Meanwhile, buyers can get their hands on a barrel of Brent crude oil for US$78.35.

The Australian Financial Review reports the fall is due to a fourth wave of COVID-19 that has spurred the resumption of lockdowns in parts of Europe.

At the same time, the United States, Japan, India, and China are reportedly considering releasing some of their oil reserves.

The international news has seemingly weighed on the S&P/ASX 200 Energy Index (ASX: XEJ), which has slumped 1.6% at the time of writing.

Perhaps unsurprisingly, the sector’s biggest weights are oil-producing stocks.

Leading the fall is the Beach Energy Ltd (ASX: BPT) share price. It has dipped 4% today.

Meanwhile those of Oil Search Ltd (ASX: OSH), Worley Ltd (ASX: WOR), and Woodside Petroleum Limited (ASX: WPL) have dropped 2.2%, 2.6%, and 2.2% respectively.

Right now, the Santos share price is 2.4% higher than it was at the start of 2021. However, it has slipped 6.3% since this time last month.

The post Why is the Santos (ASX:STO) share price falling on Monday? appeared first on The Motley Fool Australia.

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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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Shares for technology company BrainChip Holdings Ltd (ASX: BRN) have rocketed up almost 16% on Monday. 

The stock was going for 62.5 cents mid-afternoon, which was 15.74% higher than Friday’s closing price of 54 cents.

The likely trigger for the investor fervour was this morning’s announcement that US$111 billion Japanese firm MegaChips Corporation (TYO: 6875) has partnered with BrainChip.

“The 4-year agreement provides MegaChips with an intellectual property license for use in designing and manufacturing BrainChip’s Akida technology into external customers’ system-on-chip designs,” BrainChip announced to the ASX.

“In exchange for the IP and certain engineering services, BrainChip will receive an upfront license fee and additional payments over the term of the agreement.”

‘Exciting collaboration’

BrainChip, a Californian business, develops chips and software that it claims learn autonomously, like the human brain.

According to BrainChip sales and marketing vice president Rob Telson, adding BrainChip’s Akida technology onto MegaChips’ creations would “deliver a cascading array of benefits to cutting-edge products”.

“That not only [ensures] power efficiency without compromising outcomes but can run autonomously for incremental learning without the need to go back and forth to the cloud,” he said.

“This is an exciting collaboration from both a business perspective as well as from an industry-altering aspect.”

BrainChip shares on a tear recently

Shares for BrainChip have gone gangbusters the last few weeks.

The stock closed 6 October at 37 cents but in the month-and-a-half since then, it has risen by almost 69%.

A series of announcements regarding product development milestones, patents and new orders have spurred on the shares.

In fact, last month, the ASX sent the machine learning developer a “speeding ticket” enquiry after seeing the stock burst upwards.

The company posted a reply that “a reasonable person” would not expect its patent announcements to materially impact the share price, even though they did.

The post BrainChip (ASX: BRN) share price rockets 16% on Megachips deal appeared first on The Motley Fool Australia.

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Motley Fool contributor Tony Yoo owns shares of Brainchip Holdings Ltd. 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 Vulcan Energy Resources Ltd (ASX: VUL) share price is soaring higher today on the back of a deal with European car manufacturer, Renault.

Renault has agreed to purchase between 26,000 and 32,000 metric tonnes of Vulcan’s battery-grade lithium chemicals over 6 years.

At the time of writing, the Vulcan share price is $11.22, 10.22% higher than its previous close.

Let’s take a closer look at today’s news from the potentially soon-to-be lithium producer.

Vulcan share price surges on EV deal

The Vulcan share price is surging higher after the company announced it has agreed to supply Renault with battery grade lithium from 2026.

Renault will be putting the material towards its goal of producing a ‘made in Europe’ electric vehicle line.

Vulcan’s zero-carbon lithium is expected to cut each of Renault’s 50-kilowatt-hour battery’s carbon emissions output by between 300 kilograms and 700 kilograms.

The pricing of Vulcan’s materials will be based on the going market rate at the time of sale. It will be on a take-or-pay basis.

However, as my Foolish colleague James reported earlier, the deal appears to involve less than it was initially promised to.

The companies previously signed a term sheet stating Renault would buy a maximum of 85,000 metric tonnes over 5 years.

Vulcan managing director Dr Francis Wedin commented on the agreement moving the company’s share price today, saying:

The completion of this definitive offtake agreement means Vulcan’s Zero Carbon Lithium business will be directly enabling Renault to meet its commitment of producing carbon-free [electric vehicle] batteries and becoming carbon neutral… the agreement is consistent with our strategy to enter into long term, stable supply agreements with companies that share our ethos on sustainability and decarbonisation ambitions.

Right now, the Vulcan share price is 307% higher than it was at the start of 2021. However, it’s still 17% lower than it was this time last month.

The post Vulcan Energy (ASX:VUL) share price leaps 10% on new lithium deal appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper owns shares of Vulcan Energy Resources Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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Concerns about inflation and its potential impact on ASX shares has been a topical matter. Although Reserve Bank governor Philip Lowe insists increased prices on goods will normalise, some investors are wary of a future rise in interest rates. A situation that could put pressure on shares, especially those that are more growth orientated.

Given the economic climate, Sydney-based Perennial Partners has named two ASX shares that might offer a hedge against inflation.

Perennial’s picks for inflation-busting ASX shares

In its October monthly report, Perennial Partners reviewed its Value Australian Shares Trust. For investors, it was a month of underperformance when compared to its S&P/ASX 300 Accumulation Index benchmark. Specifically, the trust delivered a net loss of 0.3% for October.

While the fund manager’s overall view of the economy is positive, it notes 2 of the fund’s holdings as desirable inflation protection. Namely, the fund likes the added certainty these companies tend to provide through times of elevated uncertainty.

The ASX shares that Perennial Partners refers to are Newcrest Mining Ltd (ASX: NCM) and Northern Star Resources Ltd (ASX: NST). These 2 companies are the largest and second-largest listed gold mining companies on the Aussie market.

The fund manager’s selections align with the traditional notion that the value of gold rises when inflation rises. For this reason, it’s expected that gold miners would at least keep up with inflation as the price of gold rises.

With the Reserve Bank of Australia’s latest inflation rate printing out at 3%, investors might be starting to look at shares to combat this risk. Interestingly, the price of gold has barely increased 1% over the past year.

We have released a snapshot of Key Economic Indicators – https://t.co/SKUCdSZ9Ru pic.twitter.com/MbMy5LnYLQ

— RBA (@RBAInfo) November 8, 2021

https://platform.twitter.com/widgets.js

Patchy track record

Even though gold is a widely regarded inflationary hedge, the historical data supporting this is a little patchy. In a study of periods of above-average inflation, gold failed to provide a positive return during some high inflationary periods.

For instance, between 1980 and 1984, when inflation in the United States was around 6.5%, gold fell 10% in value. As a result, gold’s correlation with inflation over the past 100 years is relatively low.

In an article published by CNBC, portfolio strategist Amy Arnott said:

There’s no guarantee if there’s a spike in inflation, gold will also generate above-average returns.

The share prices of ASX gold miners Newcrest and Northern Star Resources have struggled in 2021. At the time of writing, these 2 companies have fallen 5.7% and 20% respectively year to date. This suggests these shares have failed to outpace inflation since the beginning of the year.

The post Preparing for inflation? This fund manager believes these shares offer protection appeared first on The Motley Fool Australia.

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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 APA Group (ASX: APA) share price is climbing today following a company announcement on a debt acquisition.

At the time of writing, the energy infrastructure company’s shares are swapping hands for $9.23, up 0.98%.

APA acquires partial interest in Basslink debt

Investors are picking up APA shares after the company provided its latest update to the ASX this morning

According to its release, APA has bought an interest in the debt of Basslink, valued at around $99 million.

Basslink went into voluntary administration and receivership on 12 November amid recent disputes with Hydro Tasmania and a failed sale process with APA.

Basslink owns and operates the 370-kilometre high-voltage direct current (HVDC) electricity interconnector between Victoria and Tasmania. As the only electricity interconnector between Tasmania and mainland Australia, Basslink provides two-way access to 500 megawatts of electricity. This infrastructure allows the state to export renewable energy to the mainland.

The debt was acquired at a discount and funded from APA’s existing debt facilities.

Furthermore, APA advised that it is interested in buying Basslink from its receivers and managers, Nexus Australia Management.

APA CEO and managing director Rob Wheals commented:

The acquisition of the debt interest in Basslink demonstrates APA’s commitment to supporting this critical energy infrastructure so that it can continue to deliver reliable interconnected electricity between Tasmania and Victoria, and into the National Electricity Market.

The potential acquisition of Basslink is consistent with our strategy to expand our electricity transmission footprint and invest in renewable energy sources.

APA share price summary

The APA share price has fallen by more than 12% since this time last year. When looking at year to date, its shares are down by almost 5%.

APA commands a market capitalisation of roughly $10.86 billion, with approximately 1.18 billion shares on issue.

The post Why is the APA (ASX:APA) share price pushing 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 owns shares of and has recommended APA 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 Insurance Australia Group Ltd (ASX: IAG) share price is currently trading at near 9-year lows despite the company posting consistently stable results.

At the time of writing, the IAG share price is $4.55, 0.44% higher than its previous close.

The insurance provider that operates through brands such as NRMA and CGU has struggled lately.

Over the last 18 months it – and much of Australia – has faced bushfires, floods, and hail events.

On top of that, the company was forced to pay out certain interruption claims as the pandemic slowed Australian businesses.  

So, with all that behind it, is the IAG share price’s heyday approaching and can it beat the performance of the S&P/ASX 200 Index (ASX: XJO)?

Here’s what The Motley Fool Australia analyst Drew Flowers thinks.

What might be in store for IAG?

According to Drew Flowers, much of IAG’s strength comes from its brands.

The company operates insurance brands with strong customer appeal and ‘stickiness’. They also tend to be front-of-mind when Australians are looking for insurance products.

Additionally, following a $650 million capital raise, the company is well funded going forward.

Flowers stated:

Insurance often moves in cycles and the last 18-months or so has been pretty horrible.

If you’re the contrarian minded, you’d say; ‘they’ve had a really tough run. However, the balance sheet is in great shape, the valuation is really attractive, they’ve got this really strong market position, great brands with the consumers’ and if we believe these are cyclical type of activities – putting to one side, the effects of climate change and so forth – this level of intensity in such a short time is not the norm.

Now would be the time to have a look at it.

However, Flowers also noted that there are a few red flags being waved by the company recently.

Firstly, its board has had some notable turnover. It could also be argued that the company has had management issues.

One example of such an issue is the aforementioned business interruption claims, which were brought to Australian courts partly because they weren’t updated to refer to current legislation.

The company also recently announced that the Australian Securities and Investments Commission is taking it to court on allegations it mislead customers by failing to fully apply promised discounts.

Will the IAG share price outperform the market?

Now, down to the nitty-gritty. Flowers believes the IAG share price will probably slightly underperform the broader market over the next 5+ years.

IAG already has a large slice of the Australian insurance market. Thus, to create growth the company will likely have to increase insurance premiums. Flowers noted:

I just don’t know if they can grow policies enough. It all comes down to price increases over the next few years… but they’re still only growing premiums [by] 3.8% [to] 4%.

However, he still thinks the company could beat the market for a particular type of investor:

If you are purely an income focused investor and you can take advantage of the franking credits… if we look at the dividend historically [and] if we can get back to similar levels… you might be getting a yield of [between] 6% [and] 6.5%.

If you add franking on top of that, you don’t need too much growth to get over that 10% bogey that we generally look for in the long term.

Flowers also commented that there is a possibility IAG will face a takeover at some point in the future. He pointed to Berkshire Hathaway as a potential takeover candidate.

If you like how Flowers thinks, you can find his full breakdown in video form, shared by The Motley Fool Australia YouTube channel, here.

IAG share price snapshot

The IAG share price is currently 3.6% lower than it was at the start of 2021.

It has also fallen 11% since this time last year and 10% over the last 30 days.

The post Is the IAG (ASX:IAG) share price set to outperform? Here’s what Motley Fool Australia analyst Drew Flowers says appeared first on The Motley Fool Australia.

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.Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. Motley Fool contributor Drew Flowers 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 Insurance Australia 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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If you’re interested in growth shares, then you might want to hear what brokers are saying about the two listed below.

Are these shares in the buy zone? Here’s what these brokers think:

A2 Milk Company Ltd (ASX: A2M)

This infant formula company is one of the most divisive shares on the Australian share market right now. Some believe China’s slowing birth rate and structural changes in the daigou and China market mean its glory days are behind it, whereas others believe it will bounce back in the coming years.

The team at Bell Potter is among the latter and remains positive on its outlook. As such, the broker currently has a buy rating and $7.70 price target on its shares.

Following its strategy update, Bell Potter commented: “A2M have indicated a medium term target of ~$2.0Bn in revenue with a target margin in the teens. A margin of low-mid 20’s would be achievable longer-term, subject to a higher EL [English label] recovery and market share gains. The revenue targets compares to our FY24e target of ~$1.6Bn and so is a fairly material uplift if achieved.”

The broker also believes the company’s targets in China are achievable. A2 Milk is aiming to double its market share through an expansion in mother and baby stores (MBS) distribution from 23.8k stores to 30k-35k stores.

“Based on the respective margin contributions, the main divers of success will largely be dependent on the extent that English label sales recover and growth in the China MBS footprint. In our view the runway to expanding MBS channels is achievable when viewed in the context of competitors and based on average sales rates by A2M and competitors, achieving the distribution expansion alone would add NZ$200-400m in revenue. As such we do not see the PRC label target as particularly aggressive,” it added.

Hipages Group Holdings Ltd (ASX: HPG)

The team at Goldman Sachs is very positive on this tradie marketplace operator. The broker believes Hipages is well-positioned for growth over the long term thanks to its huge market opportunity and growing subscription revenues.

Goldman has a buy rating and $4.90 price target on the company’s shares

It commented: “HPG is delivering on its strategy of growing its core and entering new category channels and adjacencies to expand in the A$110bn tradie marketplace TAM. Recently we have seen the company enter the field service software market through the release of Tradiecore in June 2021.”

“At the August FY21 earnings release the company announced its intention to enter the related payments and financial services adjacencies to its core tradie marketplace. We believe this solidifies the group’s ability to grow subscriptions and ARPU over the medium term, and we have adjusted our forecasts accordingly,” Goldman added.

The post What brokers are saying about A2 Milk (ASX:A2M) and Hipages (ASX:HPG) appeared first on The Motley Fool Australia.

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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 Hipages Group Holdings Ltd. The Motley Fool Australia has recommended A2 Milk and Hipages Group Holdings Ltd. 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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It’s been a nervous wait for owners of Poseidon Nickel Ltd (ASX: POS) shares. This ASX nickel miner has been in a trading halt since last Wednesday afternoon. The company put out a notice on Thursday stating that Poseidon would be placed in the halt “pending it releasing an announcement”.

Well, today, we’ve found out what all the fuss is about. And, boy, have Poseidon Nickel shares returned with a vengeance. Poseidon is currently up by a healthy 11.7% at 10.5 cents a share. This came after Poseidon rose as high as 12 cents a share upon its return to the markets this morning. That was a bump of roughly 17%.

Poseidon Nickel share price roars back to the markets

Poseidon released an ASX announcement this morning which has some potentially big implications for the company. The good news? Poseidon Nickel has uncovered a “exceptional intersection of massive sulphides at Silver Swan”.

Yes, in an update for its Silver Swan drilling project, Poseidon has announced that the company has found a significant mineralised section at its Tundra-Mute zone at the Silver Swan project.

The company intersected “13.6m [metres] of massive Ni-Cu [Nickel Copper] sulphides visually logged”. Its true width is estimated at 9.8 metres.

Here’s some of what Poseidon managing director and CEO Peter Harold had to say on this news:

We are very pleased to have recorded a very wide intersection of 13.6 metres of massive sulphides within the Tundra Mute Resource in the Silver Swan channel. This is the best intersection so far in this drill program and is significant given that the average thickness of the Tundra Mute Inferred Resource was previously about 2 metres.

The aim of this program is to increase the confidence in the resource by converting existing resources from Inferred to Indicated and to potentially find high-grade mineralisation outside the current known resources.

While today’s share price gains would be welcomed by investors, it still doesn’t put Poseidon anywhere near the 52-week high of 16 cents a share we saw back in late July. Even so, Poseidon remains up a pleasing 57% in 2021 so far.

At this latest Poseidon Nickel share price, this company has a market capitalisation of approximately $314 million.

The post Poseidon Nickel (ASX:POS) share price booms 17% on ‘exceptional’ drilling results 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 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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Unfortunately, the S&P/ASX 200 Index (ASX: XJO) has not kicked off the trading week on a good note so far this Monday. At the time of writing, the ASX 200 is down by 0.43% at 7,364 points. But the news is a little worse for the Northern Star Resources Ltd (ASX: NST) share price.

Northern Star shares are currently down by a nasty 3.15% so far today at $10.13 a share. I don’t need to tell you that’s a significant underperformance of the broader market.

So what’s up with this ASX 200 gold miner today?

Why is the Northern Star share price struggling on Monday?

Well, to (hopefully) answer that, let’s dig into what Northern Star does (apologies for the poor pun). So, Northern Star is the second-largest gold miner on the ASX, after Newcrest Mining Ltd (ASX: NCM). It became so after its merger with the old Saracen Mining Ltd (SAR) that was completed earlier this year.

Like almost all mining companies, Northern Star’s profitability rides or dies on the underlying price of the commodity (or commodities) that it mines. In this case, it is the price of gold itself.

And gold has indeed come off the boil over the past few days. It was fetching a price of around US$1,870 an ounce last week but is today only asking around US$1,850 for that same ounce.

It is this swing that’s probably weighing heavily on Northern Star shares today.

That might be why we are seeing not just Northern Star but the entire ASX gold mining sector come under pressure today. Newcrest shares are also down heavily, having lost 2.17% so far today at $24.30 a share. Gold Road Resources Ltd (ASX: GOR) is down by 2.69% at $1.625, while Perseus Mining Limited (ASX: PRU) shares have lost 1.93% at $1.775 each so far. Evolution Mining Ltd (ASX: EVN) is down 2.83% so far at $4.295 a share. This indicates that it is a sector-wide malaise going on today.

At the current Northern Star share price of $10.13, this gold miner has a market capitalisation of $11.8 billion, with a dividend yield of 1.87%.

The post Why is the Northern Star (ASX:NST) share price sinking 3% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns shares of Newcrest Mining Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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