The oil price fell again overnight. So far this week it has lost 5.8%. This fall has sent ripples through the Australian share market and the world’s oil companies. The market has been very optimistic about the return of fuel demand. Nevertheless, we are still a long way from a return to normal demand. In addition, the natural gas market has also seen constriction in pricing due to a number of factors. 

As always, this has inadvertently created some really strong buying opportunities for investors.

Why is the oil price falling?

U.S. crude oil inventories currently sit at 540.7 million barrels. This is higher than the 5-year average for this time of year and a resumption in demand levels is far slower than anticipated. The US Energy Information Administration has announced a build in crude inventories by 1.2 million barrels for the week ending 12 June. In addition, a 1.4-million-barrel increase for the week ending 19 June. 

Within the US, a major market for gasoline and distillate, fears exist for a second wave of the coronavirus. However, it is uncertain whether it will attempt at a full shutdown again. Regardless, the resumption of international air travel, a major user, is still a long way off. Today’s announcement of the layoff of 6,000 workers by Qantas Airways Limited (ASX: QAN) underlines that point.

Aussie oil companies

All 4 major Australian oil and gas producers have seen their share prices fall from last Friday’s close. In particular Oil Search Limited (ASX: OSH) has slid by 9.43%. Oil Search has been doing a tremendous job fighting for survival in the current economy.

It has already cut its capital expenditure by 40%, yet it remains exposed due to its net debt of $2.9 billion. In a recent retail capital raising it was not able to fill all of its share purchases. The company raised $79.5 million out of an expected $80 million. The last reported breakeven costs for Oil Search were $32 per barrel of oil equivalent (BOE). This is a means of measuring liquefied natural gas (LNG) and oil.

Woodside Petroleum Limited (ASX: WPL) has seen its share price fall by 4.9% thus far, Origin Energy Ltd (ASX: ORG) by 5.7%, and Santos Ltd (ASX: STO) share price has fallen by 5.5%.

While I like all 3 of these companies, I lean towards Origin Energy under the current conditions.

Origin is targeting a breakeven cost of <US$24 BOE in its H1 earnings report. The company has agreed to acquire a 20% stake in Octopus Energy in the UK for $507 million. This includes exclusive Australian access to the Octopus software, Kraken. This will extend its competitive cost position, with targeted cost savings of $70–80 million by FY22 and $100–150 million by FY24.

Origin is currently trading at a price to earnings (P/E) ratio of 10.1 and its share price is still 31% down year to date. 

Foolish takeaway

I think the Origin share price is an absolute bargain today. The recent falls due to the sliding oil price have made it even more attractive. Unlike the other companies mentioned, Origin is both a producer and a retailer. The company is totally focussed on reducing breakeven costs and has taken innovative steps in this area. While the oil and LNG prices are likely to be depressed for the foreseeable future, Origin is well-placed to operate in a low margin environment. 

More reading

• ASX 200 down 1.8%: CSL announces new acquisition, Qantas to raise $1.9bn
• Why Evolution, IDP Education, Oil Search, & Webjet shares are dropping lower
• Qantas share price on watch as it launches a $2bn cap raise
• 5 things to watch on the ASX 200 on Thursday
• This top fund manager believes dividend yields are going to 0%. Where should you invest?

Motley Fool contributor Daryl Mather 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 Bapcor Ltd (ASX: BAP) share price has tumbled lower on Thursday despite the release of a positive trading update. The announcement, which was released prior to the market’s open on Thursday morning, included updated profit guidance for the 2020 financial year. At the time of writing, the Bapcor share price was down 2.38% to $5.75 following the news.

What was included in the announcement?

Bapcor announced that the impact of coronavirus restrictions on its business were not as severe as originally anticipated. The company had experienced higher than expected demand, especially across its retail and Burson Trade segments in Australia. Additionally, most of Bapcor’s other businesses were recovering more quickly than anticipated and were returning to the level of demand seen prior to the pandemic.  

According to the announcement, Bapcor’s retail segment experienced strong demand in May and June. Same store sales for Autobarn increased over 45% when compared with the same period in 2019. This came after same store sales fell by 3% in April. Bapcor reported that this sales growth was experienced across both company-owned and franchised stores. For the full year to June 2020, Bapcor estimates that Autobarn’s same store sales will increase by around 8%.

The company further reported that Burson Trade experienced strong demand across May and June. Its same store sales growth is expected to be around 10% up on the year prior. This follows a 10% year-on-year fall in same store sales for April. For the full year, the company expects Burson same store sales growth to be around 5%.

The segments of Bapcor that were most heavily affected by coronavirus were New Zealand, Thailand, and specialist wholesale. However, the company reported that these segments are also now recovering from the impacts of coronavirus restrictions.

According to Bapcor, the current strong demand in retail and Burson Trade includes an element of stimulus-induced discretionary spending. 

Bapcor’s outlook

Following strong performance over the past two months, Bapcor predicted that net profit after tax for the 2020 financial year would be in the range of $84 – $88 million. This prediction was subject to normal, year-end audit procedures. It also excludes significant items relating to major acquisitions as well as transition costs associated with the company’s new distribution centre in Melbourne.

The company also announced “Future demand is anticipated to moderate as we enter the new financial year in an environment of economic uncertainty and as government stimulus reduces”.

About the Bapcor share price

The Bapcor share price is up 101% from its 52-week low of $2.85. However, it has fallen 10% since the beginning of the year. So why hasn’t the automotive giant’s share price risen on the back of today’s largely positive news from the company? The Bapcor share price did actually rally in early trade today, reaching a high of $5.94. This was followed by a sharp fall and then an additional brief rally before a gradual tapering off to its current price of $5.75 (at the time of writing). My opinion is that today’s announcement, whilst positive overall, was pretty much in line with investors’ expectations. And because the wider market is falling lower today, the news from Bapcor was not startling enough to garner sufficient buying to offset the general selloff.  

More reading

• Australian businesses are running out of cash
• Bapcor and 1 other quality ASX share to add to your portfolio
• Coronavirus second wave potential could drive investment portfolio changes
• 3 long-term ASX 200 shares I’d buy right now
• Top fund manager reveals some of the best ASX shares to own

Motley Fool contributor Chris Chitty has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bapcor. 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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On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three ASX 200 shares that have just been given sell ratings by brokers are listed below.

Here’s why these brokers are bearish on them:

IGO Ltd (ASX: IGO)

According to a note out of Ord Minnett, its analysts have resumed coverage on this nickel miner’s shares with a sell rating and $3.70 price target. The broker made the move largely on valuation grounds. It feels its shares are expensive at this level and could come under significant pressure if its guidance for FY 2021 disappoints. The IGO share price is currently trading notably higher than this price target at $4.92.

Magellan Financial Group Ltd (ASX: MFG)

A note out of Credit Suisse reveals that its analysts have retained their underperform rating and $47.00 price target on this fund manager’s shares. It continues to have a problem with its valuation and notes that its shares are the most expensive under coverage in the sector. And while its funds have performed positively, it doesn’t believe this is enough to justify the premium its shares are trading at. Magellan’s shares are changing hands for $56.95 this afternoon.

Sonic Healthcare Limited (ASX: SHL)

Analysts at UBS have retained their sell rating and lifted the price target on this healthcare company’s shares to $26.75 following its trading update. According to the note, the broker has lifted its forecasts to account for a better than expected second half. Nevertheless, this isn’t enough to force a change of rating and UBS continues with its sell rating. Sonic’s shares are trading at $30.19 at the time of writing.

More reading

• 5 things to watch on the ASX 200 on Thursday
• ASX 200 down 0.2%: Afterpay hits record high, TPG Telecom merger vote
• Why Afterpay, APA, Evolution, & Sonic shares are storming higher
• Sonic Healthcare share price pushes higher on FY 2020 guidance update
• Renewed US-China trade war puts these ASX 200 stocks in the firing line

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare Limited. 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 Transurban Group (ASX: TCL) share price was hit hard during the early phase of the coronavirus pandemic. Its share price declined from $16.33 on 11 February to $10.50 on 20 March.

Since then its share price has regained over half of those losses and is currently trading at $14.15.

Easing of coronavirus restrictions has led to a progressive recovery in traffic on its tollways in local markets.

So, does the Transurban share price offer good value to investors right now?

Traffic volumes begin to recover

Earlier this week, Transurban reported that it has been witnessing a progressive recovery in traffic on its toll networks across Australia. This positive trend began in mid-April, in line with the staged lifting of government lockdown restrictions, as the number of active coronavirus cases gradually dropped.

Prior to this, there has had been a significant decline in traffic numbers from early March due to COVID-19 restrictions.

Toll road traffic, however, has been recovering much more slowly in Transurban’s North American market, due to harsher lockdown restrictions.

Transurban also acknowledged that traffic levels on its toll roads will remain highly sensitive to any further government action.

Just in the last few days, the Victorian government has announced that it may re-introduce even stricter lockdown measures in selected areas of Melbourne. This is due to a worrying recent trend of double-digit coronavirus infections across the past week. This recent surge in new cases indicates that Australia still has a long path ahead to fully contain the virus.

Strong balance sheet remains  

Transurban also revealed earlier this week that it remains in a strong liquidity position. Sufficient funds remain available to meet any capital requirements that may arise before mid next year. This also places the toll road operator in a position to take advantage of any investment opportunities that may arise.

Transurban also declared a final dividend payment for this financial year of 16 cents per share. This brings its total FY20 dividend distribution to 47 cents per share.

Is the Transurban share price in the buy zone?

With the Transurban share price still well down on where it was before the coronavirus pandemic hit, I think now offers a reasonable buying opportunity for patient investors with a long-term investment horizon. Traffic volumes should eventually get back to normal.

Transurban owns a virtual monopoly on the toll roads in Australia’s 2 largest cities; Sydney and Melbourne and have an expanding overseas presence. I believe it remains well-placed to capitalise on a growing population in these locations over the next 5–10 years.

More reading

• The latest ASX 200 stocks to be slapped with a broker downgrade
• Why AMP, Qantas, Qube, & Transurban shares are dropping lower
• My 3 high-yield ASX dividend shares to buy now
• Forget term deposits! These ASX dividend shares are better
• ASX 200 finishes flat, ASX travel shares drop

Motley Fool contributor Phil Harpur has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Transurban 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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The retail sector isn’t spared from the sharp market sell-off today. But Amazon.com will give them something extra to sweat about as it prepares a major assault on the industry.

The S&P/ASX 200 Index (Index:^AXJO) tumbled 1.5% in late morning trade as fears of a second spike in COVID-19 cases dragged on sentiment.

Most consumer discretionary shares on the ASX fell in sympathy and news that Amazon.com is looking to aggressively expand in Australia is adding pressure.

Aggressive expansion

The US online shopping giant is planning on setting up one of the nation’s biggest warehouses in Western Sydney and searching for a mega facility in Melbourne, according to the Australian Financial Review.

Amazon.com is undoubtedly capitalising on the big shift to online shopping brought on by the coronavirus lockdown.

While Amazon’s entry into Australia three years ago hasn’t posed much of a threat to local retailers, at least not in my opinion, this may be about to change.

Good time to attack

There’s also no better time to go on the offence when the sector is getting hit by the economic fallout from the pandemic.

The AFR reports that Amazon will occupy a 190,000 square meter multi-level fulfilment centre at Goodman Group’s (ASX: GMG) Oakdale West Estate in Kemps Creek.

Amazon is also said to be hunting for additional warehouse space up to 80,000 square meters in Melbourne.

It was only two weeks ago that Amazon announced plans for a new warehouse in Brisbane on another site owned by Goodman.

What’s also noteworthy is that Amazon’s 2019 sales nearly doubled to $562 million in 2019 from $292 million the year before, and the AFR believes 2020 will be an even bigger year.

The ASX stocks also benefiting from COVID-19

But it isn’t only Amazon that’s benefitting from the big shift to online shopping. Our home-grown mini-Amazon Kogan.com Ltd (ASX: KGN) is also reaping the spoils from the crisis.

There’s a host of other retailers that are similarly benefitting from the structural change. The Redbubble Ltd (ASX: RBL) share price surged nearly 30% after reporting a jump in online sales for its print-on-demand products.

The Accent Group Ltd (ASX: AX1) share price is another noteworthy outperformer today. Shares in the footwear retailer jumped 10% on the back of a positive trading update.

Others in the sector that have benefitted from the stay-at-home thematic include Bunnings and Officeworks owner Wesfarmers Ltd (ASX: WES).

Let’s also not forget electronics and furniture retailer Harvey Norman Holdings Limited (ASX: HVN) and kitchen appliance maker Breville Group Ltd (ASX: BRG).

More reading

• Can 5G help push the Telstra share price higher by 2021?
• Redbubble share price rockets 40% on bumper Q4 sales growth
• Why Accent, CSL, Kogan, & Redbubble shares are pushing higher
• Qantas share price on watch as it launches a $2bn cap raise
• You don’t have to time the market to get rich with ASX shares

Motley Fool contributor Brendon Lau owns shares of Breville Group Ltd. The Motley Fool Australia owns shares of Wesfarmers Limited. The Motley Fool Australia has recommended Accent Group and REDBUBBLE FPO. 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 Telstra Corporation Ltd (ASX: TLS) share price has dropped significantly since mid-February, falling from $3.89 on 11 February to $3.14 at the time of writing, a decline of 19%.

A number of companies on the S&P/ASX 200 Index (ASX: XJO), have regained a significant proportion of their early phase coronavirus losses since March. However, the Telstra share price saw its downward trend continue until the end of April, falling to $2.99. Since then, Telstra shares have only recovered slightly.

So, can the launch of 5G services drive the Telstra share price higher?

Telstra must go beyond its T22 strategy

Telstra was the undisputed king of the Australian telco market for several decades. It owned the national fixed line network for broadband and voice, and therefore was able to set the price that it charged to other telcos using its network. This flowed through to high margins and high company profits. 

Australia’s National Broadband Network (NBN) has changed all that.

Telstra no longer owns the national network. Australia’s largest telco now operates on a level playing field with other telcos such as Optus, TPG Telecom Ltd (ASX: TPM) and Vocus Group Ltd (ASX: VOC).

In a March market update, Telstra commented that it is on track to achieve most of its T22 strategy goals. This includes reducing underlying fixed costs by $2.5 billion annually by the end of FY22. This strategy will help it evolve into a leaner, more efficient telco provider in a new era of Australian telecommunications.

However, I believe that Telstra must go further than just cost-cutting and restructuring if it is to grow its business over the longer term.

Launching new 5G services is a key way that Telstra can achieve this.

Why 5G could be the game changer for Telstra

By offering wireless mobile broadband via its own 5G network, this will enable Telstra to bypass the NBN.  Telstra will also be able to obtain higher profit margins.

In late May, Telstra reached a significant milestone in its 5G rollout, will 5G coverage switched on in selected areas of 47 cities and larger regional towns across Australia.

Telstra’s 5G network has reached speeds of over 700 Mbps – that’s 7 times the current speed of the 4G network. It’s also faster than the plans nearly of all existing NBN customers. It is also significantly faster than its main 5G rival Optus, which currently only offers maximum speeds of 400 Mb/s.

Can 5G lift the Telstra share price higher?

5G mobile broadband access is unlikely to ever fully replace NBN’s fixed broadband access. However, it could see Telstra potentially expand its mobile subscriber market share over the next few years. This could flow through to higher revenue, higher profitability and potentially a higher share price.

However, with a full 5G launch not expected until later this year or early next year, I don’t anticipate any positive impact on Telstra’s share price until well into 2021.

More reading

• ASX retailers beware! Amazon.com is gearing up for its next major attack
• Qantas share price on watch as it launches a $2bn cap raise
• You don’t have to time the market to get rich with ASX shares
• Could one of these ASX shares be ‘the next Afterpay’?
• 3 star ASX shares to buy for the rest of 2020

Motley Fool contributor Phil Harpur owns shares of Telstra Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited. 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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At lunch on Thursday the S&P/ASX 200 Index (ASX: XJO) looks set to end its positive run with a sizeable decline. The benchmark index is down 1.8% to 5,858.9 points.

Here’s what has been happening on the market today:

Qantas announces $1.9 billion equity raising.

The Qantas Airways Limited (ASX: QAN) share price is in a trading halt today while it undertakes a $1.9 billion equity raising. This equity raising comprises a $1.4 billion fully underwritten placement to institutional investors and a $500 million share purchase plan. The airline operator is raising the funds at $3.65 per share, which represents a 12.9% discount to its last close price.

CSL acquisition.

The CSL Limited (ASX: CSL) share price is pushing higher today after announcing another new acquisition. The biotherapeutics company has agreed to acquire AMT-061 from Nasdaq-listed gene therapy company, uniQure for US$450 million. AMT-061, which is currently in Phase 3 clinical trials, could be one of the first gene therapies to provide potentially long-term benefits to patients with haemophilia B. One dose of AMT-061 has shown to increase Factor IX plasma levels to a degree that reduces or eliminates the tendency for bleeding for many years.

Amazon expansion.

Brickworks Limited (ASX: BKW) and Goodman Group (ASX: GMG) appear to have found a tenant for their warehouse development at Oakdale West. This morning Brickworks responded to speculation that Amazon will be moving into the warehouse, which will be one of the biggest in the country. It advised that it is in advanced discussions with a customer, but gave no assurance as to whether a transaction will occur.

Best and worst ASX 200 shares.

The best performer on the ASX 200 on Thursday is the Polynovo Ltd (ASX: PNV) share price with a 3% gain. This is despite there being no news out of the medical device company. However, earlier this week one fund manager suggested that its shares were undervalued. The worst performer has been the Flight Centre Travel Group Ltd (ASX: FLT) share price with a 7% decline. Investors appear concerned over the state of the domestic travel market.

More reading

• Why Evolution, IDP Education, Oil Search, & Webjet shares are dropping lower
• Why Accent, CSL, Kogan, & Redbubble shares are pushing higher
• Qantas share price on watch as it launches a $2bn cap raise
• CSL share price on watch after US$450 million acquisition news
• Why I would buy these outstanding ASX 50 shares right now

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 CSL Ltd. and POLYNOVO FPO. The Motley Fool Australia owns shares of and has recommended Brickworks. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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 S&P/ASX 200 Index (ASX: XJO) has followed the lead of U.S. markets and is tumbling lower in morning trade. At the time of writing the benchmark index is down 1% to 5,908.1 points.

Four shares that have fallen more than most today are listed below. Here’s why they are dropping lower:

The Evolution Mining Ltd (ASX: EVN) share price is down 3% to $5.44. Investors have been selling Evolution after even the gold price came under pressure overnight during the market selloff. It isn’t just Evolution tumbling lower. The S&P/ASX All Ordinaries Gold index is down 2% at the time of writing.

The IDP Education Ltd (ASX: IEL) share price is down 4% to $15.60. This follows an announcement which reveals that The Board of Education Australia has sold 14,062,999 shares via an underwritten block trade of shares to institutional investors. Education Australia received $219 million for the shares, which equates to $15.55 per share. Following the sale, Education Australia retains 111,334,485 IDP shares, which represents 40% of its issued share capital.

The Oil Search Limited (ASX: OSH) share price is down 3.5% to $3.18. Investors have been selling Oil Search and other energy shares on Thursday after a pullback in oil prices overnight. Concerns over record U.S. crude inventories and a spike in COVID-19 cases led to WTI crude oil falling almost 6% during overnight trade.

The Webjet Limited (ASX: WEB) share price has fallen 5.5% to $3.50. A number of travel companies have come under pressure today amid concerns over the state of the domestic travel market following a spike in COVID-19 cases in Victoria. In addition, this morning Qantas Airways Limited (ASX: QAN) announced a $1.9 billion capital raising. Investors may be interpreting this move as a sign that the domestic travel market recovery might not be as smooth as first hoped.

More reading

• Qantas share price on watch as it launches a $2bn cap raise
• 5 things to watch on the ASX 200 on Thursday
• Why Afterpay, APA, Evolution, & Sonic shares are storming higher
• Why AMP, Qantas, Qube, & Transurban shares are dropping lower
• Coronavirus second wave potential could drive investment portfolio changes

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 Idp Education Pty Ltd. 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 Redbubble Ltd (ASX: RBL) share price is flying today as investors react to a business update. At the time of writing, Redbubble shares have rocketed 40.13% to $2.20.

Redbubble is an owner and operator of two global online marketplaces, Redbubble.com and TeePublic.com, where independent artists can sell their designs on a range of products. This includes everything from apparel and bags to wall art and linen.

This morning, the company provided financial information from unaudited internal management reports on a ‘paid basis’. 

According to the release, this means delivery date adjustments will need to be made to the reports to align with accounting standards, which will ultimately reduce the amount of revenue recognised in the period due to timing differences.

The numbers

For the fourth quarter to 22 June, the company revealed year-over-year marketplace revenue growth of 107%, or 96% on a constant currency basis.

Year to date (again to 22 June), marketplace revenue has grown 42%, or 34% on a constant currency basis.

Redbubble also stated operating expenses for April and May were tracking 7.7% above the first two months of the third quarter (January and February).

This has translated to operating earnings before interest, tax, depreciation and amortisation profit of $11.9 million for the period 1 July 2019 to 31 May 2020. This represents year-over-year growth of 101%, or 86% on a constant currency basis.

Constant currency basis reflects underlying growth before the translation to Australian dollars for reporting purposes. This is relevant since Redbubble sources around 94% of its marketplace revenue in currencies other than Australian dollars. What’s more, TeePublic sources most of its marketplace revenue in US dollars.

Trading conditions

Redbubble advised it has benefited from an acceleration in online activity throughout the fourth quarter of FY20. 

The company has seen increased demand at both of its marketplaces, Redbubble and TeePublic, as well as across core geographies and product categories.

Importantly, the company noted its supply chain has managed the growth and orders are being fulfilled within expectations.

Organisational restructure

Redbubble also detailed an organisational restructure in its announcement this morning, which will involve reductions in headcount and related operating costs.

The reorganised teams will focus on a smaller set of core initiatives to propel profitable growth:

• Artist acquisition, activation and retention;
• User acquisition nd transaction optimisation; and
• Audience understanding and loyalty.

Redbubble expects the reorganisation to generate annualised gross savings of $5.6 million in operating costs, with one-off costs of $2.1 million.

More reading

• Why Accent, CSL, Kogan, & Redbubble shares are pushing higher
• Sezzle shares and 2 other ASX techs soared up to 50% in the past 4 weeks
• These 5 exciting small cap ASX tech shares rose by up to 70% in May

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia has recommended REDBUBBLE FPO. 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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