ASX tech shares are really good businesses to consider for long-term investments in April 2021.

Technology businesses usually have a lot of growth potential and they can also have higher profit margins than some other industries as well.

Not every business may be trading at very attractive value, but it could be the right time to think about these two:

Redbubble Ltd (ASX: RBL)

The Redbubble share price has fallen 12% since 16 March 2021 and it’s down 24% since 15 February 2021.

That decline has happened despite Redbubble reporting a high level of growth in its FY21 half-year result where marketplace revenue grew 105% in constant currency terms, gross profit went up 127% in constant currency terms and earnings before interest and tax (EBIT) rose by $44 million to $42 million. It also generated $80 million of operating cashflow.

Redbubble describes itself as a leading print-on-demand marketplace for independent artists – the number of artists on Redbubble marketplaces increased 76% year on year to 572,000 and customers grew 69% year on year to 6.2 million, spending $442 million of gross transaction value – up 90% year on year.

The broker Morgans currently rates the Redbubble share price as a buy and has a price target of $6.64 on the ASX tech share.

One area of growth that Redbubble is seeing is that sales through apps are growing rapidly (up 163% year on year) and attracting loyal users. App sales represented 14% of total marketplace revenue in HY21.

Redbubble believes that 2021 is a year of opportunity, it said:

Redbubble is positioned to build on a decade of momentum and aggressively pursue the global opportunity presented by the shift to online activity and increasing adoption of e-commerce platforms.

Kogan.com Ltd (ASX: KGN)

Kogan.com is another e-commerce business that is seeing high levels of growth, yet the Kogan.com share price has fallen 11% since 19 March 2021 and it’s down 42% since January 2021.

The ASX tech share’s growth is slowing compared to the even higher levels of improvement that the company was seeing during 2020 through COVID-19, but it is still seeing elevated double digit growth.

In January 2021, Kogan.com saw gross sales increase by 45% year on year with 111.6% growth of Kogan.com marketplace. There were some declines in verticals like travel and insurance (including travel insurance and certain other insurances which remain suspended).

Even so, gross profit was up 102% year on year and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was up 90% year on year in January 2021.

The above growth rates are not as fast as the first half of FY21 which showed gross sales growth of 97.4% and net profit after tax (NPAT) growth of 164.2%.

Kogan.com is displaying good network effects and scalability.

The Kogan First membership represents a large and growing community of loyal customers. The ASX tech share explains that these members purchase on average much more than non-members.

In the HY21 result, Kogan.com saw the gross margin improve from 22.7% to 27.3%, whilst the EBITDA margin increased from 7.6% to 9.4%, despite a large increase in marketing costs.

According to Commsec, the Kogan.com share price is valued at 18x FY23’s estimated earnings.

More reading

• 2 highly-rated ASX growth shares to buy
• 2 ASX dividend shares to buy in April
• $10,000 invested in the Kogan (ASX:KGN) IPO is worth how much today?
• Got money to invest? Here are 2 ASX shares to buy
• Is Temple & Webster (ASX:TPW) the best e-commerce ASX share to buy right now?

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com 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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Technology growth shares have done it tough over the past few weeks, with the market turning on them in favour of other more ‘value’ sectors.

However, Capital H Management portfolio manager Harley Crosser reckons he’s found a gem that’s undervalued, profitable and with plenty of room to grow.

It’s digital services provider Webcentral Group Ltd (ASX: WCG). The Webcentral share price was trading at 53 cents at market close on Monday.

“With a clean balance sheet, sticky/recurring revenues, strong cash flows, growing top line and an appetite for acquisitions I’d argue WCG deserves 20x [price to] EBITDA,” Crosser posted on Livewire.

“That would put the stock above $1.”

That’s double the current price.

Capital H Management holds the shares so it’s in Crosser’s interests to see the stock do well. But here are the reasons he outlines:

A huge tailwind coming in July

Australian Domain Administration (auDA) is the authority that administers internet names under the .au domain.

July this year will see history created as auDA will allow registrations of first-level domain names directly under .au. For example, instead of fool.com.au, this publication could grab the name fool.au.

This has never been allowed before and is expected to see a surge in business for domain name registrars like Webcentral.

Australians that already have web addresses will have a 6-month grace period to buy the equivalent new .au name. This is to stop opportunistic ‘squatters’ from nabbing existing business names.

“If you think from the perspective of a business owner, the logical decision is to just buy the domain in order to protect your brand,” said Crosser.

“The risk is that someone else buys it and either you have confused customers sent to the wrong website, or a fight on your hands. It’s a small outlay each year for this security and peace of mind.”

He added that when a similar move occurred in the UK, the industry saw a 20% to 30% increase in revenues.

“Webcentral has given early guidance around why they expect domain registrations to rise by a similar amount on the release of .au domains,” Crosser said.

“.uk domains have since become the dominant extension and I would think that in a few years the same will happen here.”

Pre-sales of .au names open from 12 April.

While it’s a one-off event, the new incoming clientele has very sticky potential.

“It’ll be recurring every year as domains need to be renewed. It also kicks in at the very start of FY22, which is nice from a timing perspective for the financial markets,” said Crosser.

“Domains are typically the pull through for other Webcentral services too. You buy a domain, then hosting, emails, security, online marketing, etc. so the other parts of the business should benefit.”

New management after a bidding war

Webcentral was the company originally named Melbourne IT, which was Australia’s first internet domain name registrar.

So for three decades, Australian businesses and residents have engaged with it to register their .com.au and other .au internet addresses. But in recent times the business has been in huge trouble.

“Late last year, the company was still saddled with debt and the ‘for sale’ sign was put up by the previous board,” said Crosser.

A bidding war then ensued between US giant web.com and 5G Networks Ltd (ASX: 5GN).

According to Crosser, both parties “significantly” undervalued the business with their initial bids. But just as the purchase price went up, web.com dropped out of the race.

5G Networks’ final offer was rejected by Capital H Management and another large shareholder. But 5G ended up with a part shareholding and took board and executive control of Webcentral.

“The stock started to rally almost as soon as the offer period closed, reflecting the fact that: 1, new management could fix the company, with some very low hanging fruit in front of them; and 2, the debt issue, which was the main reason the stock was so depressed, had effectively been removed.”

Crosser believes the new management’s interests are synchronised with minority shareholders.

“The MD, Joe Demase, owns 15% of 5GN and 10% of Webcentral personally. He’s taking no cash salary,” he said.

“His Webcentral options vest on hitting $10m of annualised EBITDA in that company. He bought another $100k of stock on-market earlier this month.”

Erasing the debt

According to Crosser, new management has taken control of the debt.

“As part of the all-scrip bid, 5GN paid back the $46m of debt to Webcentral’s bankers and assumed it themselves. That has since been reduced down to $40m of net debt, or 3 to 4x free cash flow.”

The company has committed to the market that the remainder of the debt will be paid off. Management has a few different options to reduce it even further, according to Crosser:

• Capital raise or external bank funding
• A merger with 5G Networks
• Eventually pay it off with cash (it has $10 to $12 million of yearly free cash flow)
• Debt to equity conversion
• A combination

More reading

• Why the 5G Networks (ASX:5GN) share price is storming 5% higher

Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends 5G NETWORK 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 Bruce Jackson.

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If you find yourself worrying about the fact the CSL Limited (ASX: CSL) share price has fallen 15% in the last 12 months, here’s a great way to shift your focus.

Think about how the company might look a decade from now. Yes, ten whole years.

After all, the real magic of investing is finding companies that can relentlessly grow and compound earnings over long periods of time. Thinking about a company’s long-term plans can help to put short-term share price movements in perspective.

And CSL actually has a strong vision for how it wants to grow over the next decade. Here are three things we can expect to see from the company over the next ten years:

1. A new manufacturing facility in Australia

In November last year, CSL announced that the company’s wholly-owned subsidiary Seqirus will invest more than $800 million in a new manufacturing facility in Melbourne. The facility will produce seasonal and pandemic flu vaccines as well as antivenoms for Australian snakes, spiders and marine creatures.

The new facility is supported by a 10-year supply agreement with the Australian Government and is expected to be operational by mid-2026.

2. Significant investment in R&D

In addition to the new manufacturing facility, CSL has announced some significant plans to continue investing in research and development (R&D). This includes building a brand-new global headquarters in the Parkville Biomedical Precinct in Melbourne. The huge 16-storey building is expected to open in 2024 and will accommodate 800 employees and “expand our R&D footprint” according to CSL.

The company is also undertaking the construction of a special R&D campus in Marburg, Germany which is scheduled for completion in 2022 and will have enough space for around 600 employees.

Innovation is a core principle of CSL’s business so investing in R&D is an important driver of future growth. In FY20, CSL invested an incredible US$922 million in R&D across its businesses and expects to invest up to 11% of revenue on R&D in FY21.

3. More digitalisation across the business

One of the core pillars of CSL’s strategy over the coming decade is a focus on a digital transformation. Digital investments are often hard to see from the outside of a company. However, digital tools will help with essential areas like improving quality control, supply chain efficiency and regulatory compliance.

For example, the introduction of automated inspection technology can increase the number of vials inspected every minute which means manufacturing operations can accommodate greater demand.

More reading

• Where to reinvest your Commonwealth Bank (ASX:CBA) dividends
• 2 of the best ASX 50 shares to buy in April
• ASX 200 Weekly Wrap: ASX 200 gets its mojo back
• 3 high quality ASX shares to buy next month
• AstraZeneca COVID-19 vaccine trial data results in revised efficacy rate

Regan Pearson has no position in any of the stocks mentioned. You can follow him on Twitter @Regan_Invests. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. 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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Are you fed up with the low interest rates on offer with savings accounts and term deposits? You’re certainly not alone if you are.

But don’t worry, because the Australian share market is here to save the day with its countless dividend options. Two ASX dividend shares that can help you smash low rates are listed below:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX dividend share to consider buying today is the Charter Hall Social Infrastructure REIT. It is a real estate investment trust with a focus on properties with specialist use, limited competition, and low substitution risk.

Charter Hall Social Infrastructure REIT’s portfolio comprises bus depots, police and justice services facilities, and childcare centres. In respect to the latter, the REIT is the country’s largest owner of early learning centres, actively partnering with 35 high quality childcare operators.

The company recently released its half year results and reported a 14.1% increase in operating earnings to $29.1 million. Another couple of positives were it weighted average lease expiry (WALE) of 14 years and an occupancy rate of 99.7%.

In light of its strong performance, the Charter Hall Social Infrastructure REIT board lifted its FY 2021 distribution guidance to 15.7 cents per unit. Based on the current Charter Hall Social Infrastructure share price, this represents a 5.15% yield.

One broker that is a fan is Goldman Sachs. It currently has a conviction buy rating and $3.45 price target on its shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to consider buying is Super Retail. It is diversified retail company with a collection of popular brands. These include Super Cheap Auto, BCF, Macpac, and Rebel. 

It was also on form during the first half of FY 2021. For the six months ended 31 December, the company reported a 23% increase in sales to $1.78 billion and a 139% increase in underlying net profit after tax to $177.1 million. 

Underpinning this growth was solid like for like sales across the company, a favourable shift in consumer spending, and strong online sales. The latter increased 87% over the prior corresponding period to $237.4 million.

This result went down well with analysts at Citi. In response to it, the broker put a buy rating and $14.00 price target on the company’s shares. It is expecting a 73.5 cents per share dividend in FY 2021. Based on the current Super Retail share price, this represents a fully franked 6.3% yield.

More reading

• 4 ASX real estate shares going ex-dividend this week
• 2 highly rated ASX dividend shares to buy today
• 2 quality ASX dividend shares with generous yields
• 2 quality ASX dividend shares to buy this month
• 2 quality ASX dividend shares with generous yields

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Super Retail 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 Select Harvests Limited (ASX: SHV) share price will be on watch this morning after the company released a market update late yesterday afternoon. At Monday’s market close, the almond producer’s shares finished the day at $6.11.

Why is the Select Harvests share price in focus?

The Select Harvest share price could be on the move following the company’s latest update on current market conditions.

According to its release, 50% of Select Harvests’ crop has so far been harvested. While Victoria and South Australia have experienced favourable weather, New South Wales has been impacted by heavy rains recently.

The company noted however that its open shell nonpareil variety harvest has been completed with minimal disruption. It stated that its affected product is the later harvested closed shell pollinator varieties.

Should weather remain calm, Select Harvests is hoping to complete the harvest within the next few weeks. Notably, the company anticipates no volume impact from the rain, and maintains its previous forecast of over 27,000 metric tonnes to be harvested.

The 50% of the crop that has been collected was delivered to the Carina West processing facility. At current, over 10% of the received crop has been processed.

Select Harvests revealed that it has orders for 20% of its forecast crop at $6.60 per kilo, but this does not reflect the total tool price.

The outlook for growing and processing costs are expected to remain flat year on year. The company advised water and energy prices appear positive along with tree health and bud development for the 2022 crop.

Market conditions

Select Harvests said that its United States industry has suffered extremely dry weather conditions and an uninterrupted pollination period. Industry experts are projecting that crops will be lower compared to last year’s harvest.

The Almond Board of California Position Report for February reported achieved crop receipts of 3.1 billion pounds, up 22% on last year. In addition, year-to-date shipments increased 16.2% with forward commitments up 50.5% on the prior corresponding period.

Across the pacific, the Almond Board of Australia Position Report for January recorded year-on-year exports down 1.6%, but up 9% for the same month last year. The South/Central Asia market saw growth of 37% when matched against last year to date.

Lastly, the company confirmed that both its Australian and United States processors are facing shipping delays. This is due to container shortages and COVID-19 lockdowns. Select Harvests believes that distribution channels will return to normal in future.

Foolish takeaway

The Select Harvests share price has lost more than 10% over the past 12 months but gained over 15% year to date. The company’s shares last hit a 52-week high of $7.98 in late May 2020.

Based on valuation grounds, Select Harvests has a market capitalisation of roughly $734.5 million, with about 120.2 million shares outstanding.

More reading

• These 2 ASX shares are the newest “buy” ideas from top brokers

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 global investment bank Morgan Stanley has said that Chinese shares could be an investing opportunity right now.

What did Morgan Stanley say about Chinese shares?

The chief investment officer (CIO) of Morgan Stanley’s wealth management, Lisa Shalett, explained that whilst the US share market has rebounded from the concerns about rising interest rates, the Chinese share market has dropped, with one Chinese index being down 14% over one month.

Ms Shalett explained that some investors might be concerned about further weakness in China because of the slowing long-term growth and the possibility of a higher interest rate.

But Morgan Stanley doesn’t think that investors should be worried, indeed it said that the selloff could be a buying opportunity.

China was the only major country in the world to see GDP growth in 2020 and growth this year could be better than some economists are expecting because of two reasons.

One reason Ms Shalett pointed out is that rising US bond yields and inflation expectations supposedly help stem the dollar’s weakness against the Chinese currency, which is a potential positive for Chinese exporters.

The other reason is that a high level of demand and high level of household savings in China could lead to consumption growth of 8% to 10% over the next two years, according to an independent research organisation called Alpine Macro.

Another point to remember is that whilst the northern hemisphere (and Australia) have unleashed huge amount of stimulus to boost the economy, China only provided stimulus equivalent to 1.5% of GDP. This should mean there won’t be much of an ecominic drag in China as the stimulus ends.

Ms Shalett also said that Chinese real yields have already moved in solidly positive territory, which may negate the need to raise interests in the short-term. The country also has a large amount of oil in stockpiles so it shouldn’t suffer as much from higher oil prices this year.

The bottom line

The Morgan Stanley CIO’s final thoughts on Chinese shares were as follows:

We recommend that investors consider using emerging-market weakness as an opportunity to add to China A-Shares, which are more leveraged to global pro-cyclical and value themes than expensive tech and social media names.

How to invest in Chinese shares?

Obviously there aren’t any large Chinese shares that you can invest directly into on the ASX.

However, there are some exchange-traded funds (ETFs) that do offer exposure to Chinese shares. For example, Betashares Asia Technology Tigers ETF (ASX: ASIA) – which is down almost 20% since the middle of February 2021 – gives exposure to plenty of Chinese shares.

Some of its Chinese holdings include Tencent, Meituan, Alibaba, JD.com, Pinduoduo, Netease, Baidu, Ke Holdings, Bilibili, Vipshop, Alibaba Health Information Technology, Autohome, GDS and Tencent Music Entertainment.

More reading

• 3 stellar ETFs for ASX investors to buy
• 2 tech ETFs delivering strong long-term returns
• How to counter the ASX 200’s Achilles heel
• 3 top ETFs for ASX investors to buy
• 2 top ETFs to buy for growth

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. 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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More reading

• 2 rapidly growing ASX shares that could be strong buys in April
• Where to reinvest your Commonwealth Bank (ASX:CBA) dividends
• 5 things to watch on the ASX 200 on Tuesday
• 2 of the best ASX 50 shares to buy in April
• Why the Digital Wine (ASX:DW8) share price is on ice

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Kate O’Brien owns shares of Apple and Rio Tinto Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Apple. 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 looking to boost your portfolio with some growth shares, then you might want to look at the ones listed below.

Here’s why these quality ASX growth shares have been tipped as ones to buy right now:

Adore Beauty Group Limited (ASX: ABY)

The first ASX growth share to look at is Adore Beauty. It is Australia’s leading online beauty retailer, with almost 800,000 active customers.

Adore Beauty has been growing at a rapid rate in recent years and particularly during FY 2021. For example, last month the company reported an 85% increase in revenue to $96.2 million and a 188% jump in EBITDA to $5.2 million.

The good news is that this is still only a very small slice of its overall market opportunity in the region. This gives the company a significant runway for growth over the next decade, especially given the relatively low penetration of online beauty sales compared to other Western markets.

Analysts at UBS appear positive on the company’s prospects. Last month the broker upgraded the company’s shares to a buy rating with a $6.20 price target.

NEXTDC Ltd (ASX: NXT)

Another ASX growth share to look at is NEXTDC. It is Australia’s leading data centre operator with a collection of nine world-class centres located across the country.

But it isn’t settling for that, the company is currently looking to expand its offering into both the Singapore and Tokyo markets. If this expansion is a success, it could provide NEXTDC with a huge market opportunity to grow into.

In the meantime, though, NEXTDC is generating significant revenue and earnings in the local market. For example, during the first half of FY 2021, the company posted a 27% increase in data centre services revenue to a record $121.6 million and a 29% increase in EBITDA to $65.7 million.

This was underpinned by a 33% lift in contracted utilisation to 71MW, a 16% lift in customers, and a 16% rise in interconnections.

Positively, more of the same is expected in the second half thanks to the accelerating shift to the cloud, which has led to very strong demand for capacity in its centres.

UBS is also a fan of NEXTDC. Its analysts currently have a buy rating and $15.40 price target on its shares.

More reading

• 3 high quality ASX shares to buy next month
• 2 stellar ASX shares to buy and hold
• Adore Beauty (ASX:ABY) calls for a more inclusive beauty industry
• 2 of the best ASX shares to buy this month
• How this exponential growth could send ASX 200 data centre shares soaring

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If you’re an eligible shareholder of Commonwealth Bank of Australia (ASX: CBA), then today you will be paid the banking giant’s fully franked 150 cents per share interim dividend.

While a good number of shareholders will be using these funds as a source of income, some might want to reinvest these dividends back into the share market.

With that in mind, I have picked out three ASX shares that could be good options for these dividends:

Altium Limited (ASX: ALU)

Altium could be a good option for these funds. It is an award-winning printed circuit board design software provider which has been growing very strongly over the last decade. The good news is that with demand expected to increase because of the artificial intelligence and Internet of Things markets, the next decade looks likely to be similarly successful. Particularly given how its platform is head and shoulders above the competition. Analysts at Credit Suisse are positive on the company and recently put an outperform rating and $35.00 price target on its shares.

CSL Limited (ASX: CSL)

If you’re looking for a blue chip ASX share to buy with these funds, then CSL could be a good option. Especially following a sharp pullback in the CSL share price in recent months due to concerns over COVID-19 headwinds. Once these headwinds ease, the company looks well-placed to resume its growth. Particularly given the strong demand for its therapies and vaccines and its lucrative R&D pipeline. Credit Suisse is a fan of CSL as well. It recently upgraded its shares to an outperform rating with a $315.00 price target.

Telstra Corporation Ltd (ASX: TLS)

If you’re interested in generating even more dividends, then you might want to look at Telstra. This telco giant has had a few tough years because of the NBN rollout, but the future is looking increasingly positive. This is thanks to the simplification of its business, cost cutting, and rational competition in the telco market. In light of this, Goldman Sachs believes Telstra’s dividend has bottomed. It expects the company to pay a 16 cents per share fully franked dividend for the foreseeable future. Based on the latest Telstra share price, this equates to a 4.7% dividend yield.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• 2 of the best ASX 50 shares to buy in April
• ASX stock of the day: Integrated Research (ASX:IRI) shares up 7%
• Afterpay (ASX:APT) share price sinks despite new product launch
• TPG Chair resignation: Is this good news for the Telstra (ASX:TLS) share price?

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Telstra 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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On Tuesday the S&P/ASX 200 Index (ASX: XJO) was out of form and started the week with a disappointing decline. The benchmark index fell 0.35% to 6,799.5 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 futures pointing higher

The Australian share market looks set to rebound on Tuesday. According to the latest SPI future, the ASX 200 is poised to open 41 points or 0.6% higher this morning. This is despite it being a mixed night of trade on Wall Street. Late on, the Dow Jones is up 0.35% but the S&P 500 is down slightly and the Nasdaq index has fallen 0.65%. The forced liquidation of positions held by the multibillion-dollar family office Archegos Capital Management has been weighing on US shares.

Oil prices rise

Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) will be on watch after oil prices pushed higher despite the Suez Canal opening for business again. According to Bloomberg, the WTI crude oil price is up 0.85% to US$61.50 a barrel and the Brent crude oil price has risen 0.6% to US$64.96 a barrel.

Tech shares under pressure

Tech favourites such as Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) could have another tough day on Tuesday after US tech stocks sank lower overnight. This appears to have been driven by a small rise in bond yields on Monday. At the time of writing, the tech-focused Nasdaq index is down 0.65%.

Gold price sinks

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a difficult day after the gold price tumbled lower. According to CNBC, the spot gold price is down 1.35% to US$1,711.20 an ounce. Traders were selling the precious metal after the US dollar strengthened and bond yields rose.

Shares going ex-dividend

A number of shares are going ex-dividend this morning and could trade lower. This includes Atlas Arteria Group (ASX: ALX), Centuria Industrial REIT (ASX: CIP), and Cromwell Property Group (ASX: CMW). Elsewhere, eligible Commonwealth Bank of Australia (ASX: CBA) shareholders can look forward to being paid the banking giant’s 150 cents per share dividend this morning.

More reading

• ASX stock of the day: Integrated Research (ASX:IRI) shares up 7%
• Afterpay (ASX:APT) share price sinks despite new product launch
• Why is the Zip (ASX:Z1P) share price down 30% this month?
• Are there any bargains when everyone knows everything?
• ASX 200 Weekly Wrap: ASX 200 gets its mojo back

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 ZIPCOLTD FPO. The Motley Fool Australia owns shares of 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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