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

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

BHP Group Ltd (ASX: BHP)

According to a note out of Goldman Sachs, its analysts have retained their buy rating and lifted the price target on this mining giant’s shares to $38.20. It likes BHP due to its attractive valuation and commodity mix. It also notes that it prefers BHP to fellow mining giant Rio Tinto Limited (ASX: RIO) due to its stronger operating performance and more growth options in coal and oil. It expects these to create value for shareholders in the long term. I agree with Goldman and would be a buyer of BHP shares.

Cochlear Limited (ASX: COH)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $208.00 price target on this hearing solutions company’s shares. It has been looking at an update from one of its main rivals and notes that it is indicating a quicker than expected recovery by the hearing care market. And while it still expects Cochlear to report a sharp reduction in unit sales in the second half, it sees upside risk to expectations. I think Morgan Stanley makes some good points and continue to believe Cochlear shares would be great long term options.

Sezzle Inc (ASX: SZL)

Analysts at Ord Minnett have retained their buy rating and lifted the price target on this buy now pay later provider’s shares to $5.95. Ord Minnett was impressed with Sezzle’s update this week and has upgraded its estimates to reflect its stronger than expected performance. Earlier this week Sezzle reported underlying merchant (UMS) sales of US$188 million (A$272.3 million) for the second quarter. It also provided full year guidance for an UMS annualised run rate of US$1 billion. While it isn’t my first (or second) pick in the industry, I do think it is worth keeping a very close eye on its progress.

More reading

• ASX buy now, pay later shares leading the recovery
• Rio Tinto share price on watch following broker downgrade
• Why I see good value in the BHP share price today
• ASX 200 drops on return of lockdown in Melbourne
• Why brokers have just downgraded BHP and these ASX stocks today

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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 a2 Milk Company Ltd (ASX:A2M) share price has been a bellwether during the coronavirus pandemic. Whilst many companies on the ASX 200 have seen their share prices hammered, a2 Milk has remained largely immune to the widespread volatility and continued its positive upward trend. Here’s why I’m still watching it.

Why watch the a2 Milk share price?

The essential nature of products like infant formula has seen demand for a2 Milk products surge during the pandemic. In a trading update in late April, a2 Milk confirmed its revenue for the 3 months to 31 March were above expectations. According to the company, demand was fuelled by changing consumer behaviour with many consumers looking to stockpile essential products during the height of lockdowns.

The company reported strong revenue growth across all key regions, especially for its infant nutrition products in China and Australia. Revenue from China was also favourably impacted by a depreciation of the New Zealand dollar relative to the US dollar.

Reinforcing the company’s resilience during the pandemic, a2 Milk was recently added to the prominent S&P/ASX 50 Index during the June rebalance.

What is the outlook for the a2 Milk share price?

In the trading update, the company revealed it is expecting revenue for FY20 to be in the range of N$1,700 to NZ$1,750 million. In addition, a2 Milk anticipates full-year EBITDA margins to be above prior expectations at around 31% to 32%. Although a2 Milk expects exceptional revenue growth, the company also flagged the potential for COVID-19 to impact its supply chains and consumer demand in the future.

Citibank analysts have advised a $21.50 target for the a2 Milk share price, suggesting the potential for further upside. According to analysts, a2 Milk is well placed to deliver strong results for the second half of 2020 and could be an indirect beneficiary of the coronavirus pandemic. With consumers continuing to stockpile essential items such as infant formula, the company could see a further surge in revenue.

Should you buy?

In my opinion, any company that performs strongly in current market conditions is one to watch. Not long ago, many analysts had a sell rating on a2 Milk based on the thesis that the company could not sustain its high margins in a more competitive market.

a2 Milk has proven not only that it can sustain growth during these testing times, but that it is also poised to continue delivering in 2020 and beyond. Having said that, the a2 Milk share price is currently trading close to all-time highs at $19.52. Therefore, I think a prudent strategy would be to wait until the August reporting season to ensure that the results have not already been priced in.

More reading

• Do you have $5,000 to invest? Here are the ASX shares I would buy right now
• Why I would buy a2 Milk and this ASX growth share right now
• Here’s how to play China’s V-shaped growth story
• Why I would buy Appen and this ASX growth share right now
• Why I would buy and hold a2 Milk and this ASX 200 share until 2030

Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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ASX fashion shares are under the microscope as consumer spending data from the past few months shows fashion retail spend plummeting. Spending on clothing, footwear, and personal accessories was down over 50% in April. Turnover in this market rallied in May but remained 20% down from May 2019. 

According to the most recent Australian Bureau of Statistics employment data, unemployment has risen to 7.1%, its highest level since 2001. Another 13% of workers want more hours. Rates of unemployment are highest among young people and women, who often work in the retail sector. Some retailers who shut stores during the lockdown have vowed not to reopen them.

With this in mind, we take a look at how ASX fashion shares are faring. 

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price has climbed 165% from its March low of $2.35 and is currently trading at $6.24. The Lovisa share price saw a dramatic spike of 18% on Monday, after the accessories retailer released a trading update, but has since dropped back slightly.

In the trading update, Lovisa reported that stores have re-opened although the closures in Q4 resulted in a significant reduction in sales during the period. This led to full year sales revenue of $237 million, compared to $249 million in FY19. Comparable sales for the period since re-opening have been down 32.5% on the prior year. With many consumers still spending more time at home, demand for jewellers and accessories has been somewhat subdued. 

Lovisa also announced it has decided to withdraw from the Spanish market. The roll out of Spanish stores was previously put on hold as a result of performance below expectations. Due to a lack of support from Spanish landlords during the COVID-19 shutdown, Lovisa has elected not to reopen stores in Spain. 

Positively, Lovisa reports that its balance sheet remains strong and inventory levels are well managed. The company had net cash at financial year end of $22 million, up from $13 million in December 2019 and $11 million in June 2019. This leaves the company well placed to invest in future growth opportunities as the global economy recovers. 

City Chic Collective Ltd (ASX: CCX)

The City Chic Collective share price has climbed a massive 292% since its March low of 80 cents and is currently trading at $3.14. The rise in the share price saw City Chic join the S&P/ASX 300 (ASX: XKO) in the latest quarterly rebalance. 

The plus size fashion retailer temporarily closed stores in March and reopened in May. Being an omni-channel retailer, online sales already accounted for two thirds of City Chic’s global sales. The company reported strong online sales growth of 57% during the store closure period compared to the same period last year. 

On 5 July, the Australian Financial Review (AFR) reported that City Chic is considering buying a second US-based business this year, following the acquisition of Avenue Stores last year. In response to the media speculation, City Chic confirmed its strategy includes growing its international plus size business and that it is exploring potential acquisition opportunities globally. Nonetheless, no agreement has been reached on any potential acquisition currently. Should an agreement be reached, City Chic advised it will consider funding options, which may include cash, debt, or an equity capital raise. 

City Chic reports it is in a strong financial position with minimal net debt and significant headroom in its $40 million debt facility. To further bolster balance sheet funding the company executed the $5 million accordion agreed as part of the $35 million facility established in February 2020.

Accent Group Ltd (ASX: AX1)

The Accent Group share price is up 128% from its March low of 56 cents with the footwear retailer reporting strong online sales. During the period stores were closed, Accent’s online sales quadrupled, rising from $250,000 a day to between $800,000 and $1.1 million per day. 

In its most recent business update, Accent CEO Daniel Agostinelli commented: “after years of investment by Accent Group in our digital team and technology, I am delighted with the growth in our digital sales.”

Agostinelli believes there has been a seismic and likely enduring shift in consumer behaviour away from traditional shopping centres to online. 

Even though it has reopened stores, Accent Group expects a significant ongoing impact on revenue and profitability of stores. This is a result of decreased foot traffic, reduced tourism, and increased levels of unemployment. The group is negotiating with landlords for lease agreements to reflect market conditions. 

The company has announced it will close stores where ‘sustainable and fair’ rental deals cannot be agreed with landlords. Accent Group has given notice with one major landlord to exit 28 store leases at expiry over the next 6 months, and says it may be forced to take similar action for more stores in future. 

Premier Investments Limited (ASX: PMV)

The Premier Investments share price is up 86% from its March low of $9.49 and is currently trading at $15.99. Premier Investments is behind brands including Peter Alexander, Smiggle, Just Jeans, Portmans, Jacque E, Dotti, and Jay Jays. The company closed stores in March and reopened in May. 

The store closures significantly impacted global sales, with total sales down 74% for the 6 weeks to 6 May 2020. Nonetheless, online sales surged by 99%. Premier’s largest online brand, Peter Alexander, saw online sales increase by 295%. The company has made major investments in online technology over the past decade which paid off during the shutdown period. 

Premier Investments took a hard line with landlords during the coronavirus crisis, vowing to pay rent in arrears as a percentage of gross sales during the recovery period. In Australia and New Zealand, close to 70% of stores are in holdover or have leases expiring in 2020. 

As stores reopened, Premier Investments reported trading activity remained uncertain and unpredictable. Inventory levels and product assortments will be imbalanced until potentially December 2020. The retailer advised that sales and margins would be uncertain and dictated by the manner in which consumers respond to the return of instore shopping in local communities. 

Premier Investments reports it is in a position of financial strength with consolidated cash of $256.2 million. It also maintains access to undrawn facilities of $91.8 million which leaves the company well placed to begin recovery. 

More reading

• Why Lovisa, New Hope, Temple & Webster, & Whitehaven Coal are tumbling lower
• Leading brokers name 3 ASX shares to buy today
• 10 more top broker ASX share picks for FY21
• Lovisa share price up 5% as retailer provides business update
• Why Lovisa, PointsBet, Transurban, & WiseTech shares are racing higher

Motley Fool contributor Kate O’Brien has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia has recommended Accent Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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Notwithstanding some of the falls we’ve seen today, ASX buy now, pay later (BNPL) shares have been among those leading the market recovery since the March downturn. All the market’s BNPL shares have recorded significant increases as demand for their services continues rising despite the coronavirus crisis. On that note, let’s take a look at how the ASX’s four favourite BNPL shares are performing.

How are ASX BNPL shares performing?

Afterpay Ltd (ASX: APT)

Afterpay is the largest BNPL provider by market capitalisation. In fact, the meteoric rise of the Afterpay share price has led it to close in on the S&P/ASX 20 (ASX: XTL). The Afterpay share price fell to a low of $8.90 in March but has since gained 649% to currently trade at $66.72 (at the time of writing). In its most recent update, Afterpay reported underlying sales of $11.1 billion in FY20, up 112% on the prior corresponding period.

Afterpay’s underlying sales have definitely been accelerating, with Q4 FY20 sales of $3.8 billion, up 127% on Q4 FY19. Q4 FY20 saw the highest quarterly sales performance ever, reflecting the increasing shift to online spending throughout the pandemic. Active customer numbers also grew to 9.9 million for FY20, a 116% increase on FY19. This also highlights the attractiveness of Afterpay’s budget-focused business model in the current economic environment.

Active merchants reached 55.4k in FY20, a 72% increase over FY19. This was driven by strong merchant acceptance in the United States and United Kingdom, key growth markets for Afterpay. Active merchants in the US increased to 11.5k at 30 June 2020, up from 3.8k at 30 June 2019. Expansion into Canada is also expected in Q1 FY21. The UK exceeded 1k merchants in its first 12 months of operation.

Afterpay announced an $800 million capital raise yesterday. The funds are to be used for investing in growing underlying sales and prioritising global expansion in the short term. Since COVID-19 took hold, there has been a growing shift towards online spending. Furthermore, consumers have increasingly focused on budgeting whilst apparently developing somewhat of an aversion to traditional credit products. These trends organically increase the attractiveness of Afterpay’s business model. As such, the company intends to leverage this momentum to expand customer offerings and potentially launch into new markets in late 2020 or early 2021. This week’s announcement also included advice that the company’s founders would each be selling down 10% of their respective holdings. Afterpay shares were placed in a trading halt yesterday and, so far, have fallen 2.13% since recommencing trade today.

Zip Co Ltd (ASX: Z1P)

The Zip Co share price has gained 414% from its March low and is currently trading at $6.04. In its most recent update, Zip Co reported a strong month in May. This included a 78% year-on-year increase in monthly revenue to $15.6 million. Transaction volumes also increased 63% to $189.3 million. The company reported that it remains on track to hit its FY20 target of $2.2 billion in annualised transaction volume.

Zip Co has also noted the shift away from cash to digital, contactless payments and eCommerce.  The company expects eCommerce penetration to remain at elevated levels post COVID-19. This is largely due to increased numbers of consumers gaining familiarity with shopping online and, as such, more retailers investing in the space. Nonetheless, the economic downturn raises the spectre of bad debts for BNPL providers that extend credit to customers. 

Zip Co reported net bad debts increased to 2.16% in May, up from 1.99% in April. Prudently however, the company did advise it has tightened its onboarding credit requirements. Furthermore, no material change to the number of requests for hardship assistance were reported. These requests peaked at the end of March at less than 0.8% of receivables. Monthly arrears for Zip Co actually declined to 1.47% in May, down from 1.57% in April, an impressive result in the current climate.  

Sezzle Inc (ASX: SZL)

The Sezzle share price has soared an incredible 1256% from a low of 37 cents in March and is now trading at $5.02. The company’s share price was bolstered by its announcement yesterday that annualised merchant sales are expected to reach $1.4 billion by the end of 2020. 

In the June quarter, Sezzle’s active customer numbers rose 28% quarter-on-quarter to 1.48 million. This represents a 243% year-on-year increase. Merchant numbers increased 27% during the quarter to reach 16,112, a 219% year-on-year improvement. These result reflect a trajectory of solid growth across all key metrics, despite global economic headwinds. Customers are also utilising Sezzle’s product more often. The company’s repeat usage rates for the quarter were 87.5% compared to 77.2% in 2Q FY19. Its purchase frequency numbers are also on the rise and are now approaching 15x per annum. 

Sezzle’s Executive Chairman and CEO Charlie Youakim said, “Our performance reaffirms our product’s utility to consumers looking for a smarter way to budget their personal finances and the overall market shift to eCommerce”. Nearly 100% of Sezzle’s transactions are processed via eCommerce, meaning the company is well positioned to benefit from the increasing shift to online. 

Splitit Ltd (ASX: SPT)

The Splitit share price is up nearly 610% from its low of 22 cents in March and is now trading at $1.56. This includes a 13% increase today after Splitit announced record growth in Q2 FY20 this morning. The company’s merchant sales volumes grew to US$65.4 million, up 260% on Q2 FY19 and 176% on Q1 FY20. Splitit reported gross revenue of US$2.4 million for the quarter, which represents a 460% increase on Q2 FY19 and a 246% increase on Q1 FY20. 

This acceleration in Splitit’s growth was thanks to the addition of large, new merchants in Q1 and Q2. Merchant numbers grew to over 1,000, up 104% from Q2 FY19. Total shoppers are now over 309k, up 85% from Q2 FY19. Many of these were first time users, with the number of repeat shoppers expected to increase in future periods. 

CEO Brad Paterson said, “June saw a continuation of the strong business momentum we experienced in April and May. Consumers are making better use of their existing credit to preserve cash, while demand from higher-value merchants is ramping up, supported by the accelerated shift towards eCommerce as a result of COVID-19”. 

Splitit continues to attract larger merchants wanting to provide installment solutions to their credit card customers and improve conversion rates. The company saw its average order value increase 21% over the June quarter to US$893. More than 90% of all the company’s transactions were eCommerce or mobile payments. 

Splitit has a number of partnerships which are expected to drive future growth. These include agreements with Mastercard and Stripe.The partnership with Stripe will accelerate merchant acceptance, with merchants set to be able to on-board in minutes. Under the Mastercard agreement, Splitit’s solution will be integrated with Mastercard’s suite of technology. This will enable a seamless and secure customer experience at checkout.

More reading

• QuickFee share price plummets 10% despite record results
• ASX 200 down 0.5%: Afterpay completes placement, big four banks tumble
• The Afterpay share price among ASX stocks hit by a broker downgrade today
• Why Afterpay, Alumina, Magellan, & Webjet shares are dropping lower
• Why Coles, Kogan, Northern Star, & Splitit are charging higher

Kate O’Brien 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 Australia has recommended Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 Kogan.com Ltd (ASX: KGN) share price climbed to a new record high on Wednesday after providing an update on its share purchase plan (SPP).

The ecommerce company’s shares climbed as much as 5.5% to $17.67 in morning trade before fading into the red this afternoon.

What did Kogan announce?

This morning Kogan revealed the results of the SPP it announced in June.

According to the update, the SPP was significantly oversubscribed with applications totalling $115.2 million. This compares to its original target of $15 million.

Given the strong support shown by eligible shareholders, Kogan has decided to increase the SPP size by $5 million above its original target to $20 million.

These funds were raised at $11.45 per new share, which represents a 7.5% discount to the Kogan share price on the day the SPP was announced in June.

Including its institutional placement which completed last month, the ecommerce company has now raised a total of $120 million.

Why did Kogan raise funds?

The proceeds from the placement and SPP will be used to provide the company with the financial flexibility to act quickly on future value accretive opportunities and acquisitions.

Management appears confident that these funds will create value for shareholders.

In June, Kogan Chairman Greg Ridder commented: “We would like to thank our existing shareholders for their strong support for this capital raising, and also recognise the overwhelming interest from new investors. We recognise the significant trust placed in our management team to deliver a strong return on your capital, and we have every confidence the team will rise to the challenge. To all our shareholders, your company has gone from strength to strength since listing and, with the capital we have raised this week, your company is now stronger than ever.”

Judging by the Kogan share price performance since this capital raising was announced, the market seems to be very positive on its growth plans.

More reading

• Why Coles, Kogan, Northern Star, & Splitit are charging higher
• Kogan and 1 other ASX share to buy and hold beyond 2025
• Here are 3 ASX COVID-19 success stories
• Top ASX Stock Picks for July 2020
• The Kogan share price tripled in value in FY 2020

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 Kogan.com ltd. The Motley Fool Australia has recommended Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 QuickFee Ltd (ASX: QFE) share price has plunged by 9.76% at the time of writing, following the release of a business update by the company this morning.

What was in the announcement?

According to the announcement, payment solutions provider QuickFee saw record results in both the US and Australia in the final quarter of the 2020 financial year, with strong momentum moving into the 2021 financial year.

QuickFee reported that lending in the US market increased by 71% in the final quarter of the 2020 financial year versus the final quarter of the 2019 financial year, with lending totalling US$3.9 million. Lending for the financial year was up by 63% to US$13 million on the final quarter FY19. US transaction volume in the final quarter of FY20 also increased 154% on the prior corresponding period, lifting to US$136.9 million.

The company also reported that lending in Australia for FY20 rose by 17% to $49.3 million, which represents a record for the company.

According to the announcement, 88 new firms in the US signed up over the quarter, a 300% increase over the same quarter last year.

The company stated that it was well positioned for continued strong growth in the US and Australia heading into the 2021 financial year.

Commenting on the results, QuickFee CEO Bruce Coombes said:

We continue to be very encouraged by the traction we are achieving in the US. The third consecutive quarter of record lending reflects a very strong uptake of our product by US accounting and law firms, and with continued growth in new firm sign-ups, we expect this momentum to accelerate.

Transactional volumes exploded in the US over the fourth quarter, with COVID-19 benefiting QuickFee by forcing many firms and clients to embrace online payments. Our view is that this transition to online payments will continue in the US, where until now online payments for accounting firms have not been widely used. This represents an exciting area of growth for QuickFee as we look forward.

About the QuickFee share price

QuickFee offers a payment platform for professional services firms, allowing clients to pay by instalment while allowing the firms to receive payment in full. In this way, it works largely in the same way as a buy now, pay later provider such as Afterpay Ltd (ASX: APT), by allowing clients of professional services firms to receive services now, and pay later. Along with its operations in Australia, it entered the US in 2016, where it has no direct competitor.

QuickFee successfully raised $7.5 million in May at a price of 21 cents per share. This has been used to increase the size of its loan book and to improve its payment technology.

In June, QuickFee announced that lifetime bad debts since 2009 have been $60,000 against $250 million in lending.

The QuickFee share price is up 469% from its 52 week low of $0.13 cents. It has increased 117.6% since the beginning of the year. The QuickFee share price is up 48% versus this time last year.

More reading

• ASX 200 down 0.5%: Afterpay completes placement, big four banks tumble
• The Afterpay share price among ASX stocks hit by a broker downgrade today
• Why Afterpay, Alumina, Magellan, & Webjet shares are dropping lower
• Afterpay share price lower after raising $650 million via institutional placement
• Afterpay and 1 other ASX share to buy and hold beyond 2025

Motley Fool contributor Chris Chitty has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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 Novonix Ltd (ASX: NVX) share price rocketed to all-time highs of $1.54 in June, taking its market capitalisation up past $350 million. The share price at the end of June finished at 87 cents, representing a 112% jump since the start of June.

Since the end of June, the Novonix share price has gone up even further, with the price currently sitting at 96 cents per share. Over the past year shares in Novonix are up 121%, compared to a measly 9.2% drop in the All Ords index.

What does Novonix do?

Novonix is a battery materials maker that develops and supplies materials, equipment and services to the global lithium-ion battery industry. The company is headquartered in Brisbane, with operations in the US and Canada and sales in 14 countries.

What pushed the Novonix share price higher in June?

The jump in the Novonix share price represents a remarkable turnaround for the company, which as recently as early April was trading at lows of 20 cents a share. 

In June, a persistent stream of good news helped charge the battery maker’s run:

• On 9 June, information was released by the company regarding news that it had developed an advanced cathode material manufacturing method using its proprietary dry particle microgranulation (DPMG) technique. These crystals have demonstrated ultra-long life when used in electric vehicles (EVs) and energy storage systems. This caused the company’s share price to spike almost 77%.
• Throughout the month, there was also unrelenting talk that the company may be partnering with the US Government and Tesla, with an announcement to be made at the Tesla Battery Day. These rumours have caused huge spikes in the Novonix share price.
• On 23 June, the company announced that its retail entitlement offer was heavily oversubscribed with the board wanting to “recognize the support of the shareholders who took their rights in full and applied.”

Where to next for the Novonix share price?

The Novonix share price has continued to storm higher, gaining 11% on Monday, although it did lose some of these gains yesterday, dropping back by 7%.

Overall, Novonix is certainly going to be one to watch in the future, particularly now that the date for the ever-looming Tesla Battery Day has been set in stone for 15 September.

More reading

• ASX 200 Weekly Wrap: Afterpay, Tech push ASX 200 back above 6,000
• Millionaire maker increases share price 28 times in FY20
• ASX 200 Weekly Wrap: ASX retreats as confidence wanes
• Why the Red 5 share price has tanked 35% today
• ASX 200 Weekly Wrap: ASX back in the green

Motley Fool contributor Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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