The AP Eagers Ltd (ASX: APE) share price is up 11.63% to $7.87 at the time of writing, following the release of the chair and CEO’s addresses to shareholders. Both addresses will be delivered at the AP Eagers AGM today.

What was in the announcement?

The addresses included a business update about the company, including an update about the company’s results for the half year to 30 June 2020.

In his address, AP Eagers CEO Martin Ward reported that the company expects underlying profit for the half year to June 30 of $40.3 million, a 23.6% decline on the prior corresponding period. The company announced that its formal results would be released after 26 August, with the board confident that underlying profit will match its current expectation.

Commenting on the results, Ward stated:

The Board believes this to be a resilient operating performance particularly as the first quarter was tracking above last year and all of the decline was experienced during April and May – the peak impact of COVID-19 restrictions up to this point. Importantly those challenging months were followed by a rebound in June, supported by an opening of the economy and confidence in the Government stimulus measures.

Within the address announcement, AP Eagers also revealed it had achieved permanent cost reductions of $78 million per year in the previous 3 months.

The company had $633.9 million of liquidity available at 30 June 30 and its net debt decreased to $7.6 million at June 30, down from $315.8 million at 31 December 2019.

About the AP Eagers share price

AP Eagers is a car dealership operator with over 100 years of history. The company has more than 200 car dealerships and also sells new and used buses and trucks. AP Eagers has a large property portfolio worth over $300 million.

Recently, AP Eagers sold its AHG refrigerated logistics business to Anchorage Capital Partners for $75 million. The company absorbed a $20 million accounting loss from the sale.

 The AP Eagers share price is up 214% from its 52-week low of $2.50, however, it is down 20.9% since the beginning of the year. The AP Eagers share price is down 27.67% since this time last year. 

More reading

• ASX 200 flat: Big four banks higher, St Barbara and IGO sinks on Q4 updates
• Why AP Eagers, CIMIC, NAB, & Virgin Money shares are charging higher
• These were the ASX 200’s biggest share gainers last week
• ASX 200 Weekly Wrap: ASX has week of high volatility
• These were the best performing ASX 200 shares last week

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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Shares in our big ASX banks are outperforming the broader market after the banking regulator ordered a cap on dividends.

You might have thought that this would send the sector slumping into the red. But the Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price is leading its peers higher with a 2.4% jump during lunch to $18.51.

The Westpac Banking Corp (ASX: WBC) share price and National Australia Bank Ltd. (ASX: NAB) share price are right behind with gains of nearly 2% each.

The Commonwealth Bank of Australia (ASX: CBA) share price, the only bank to report results next month, is 1.2% in the black at $73.07.

In contrast, the S&P/ASX 200 Index (Index:^AXJO) can barely hold its head above water after giving up its morning gains.

Glass half full

What’s keeping the banks afloat if relief. The Australian Prudential Regulation Authority instructed banks today to limit their dividend payout ratio to 50%, according to the Australian Financial Review.

This means CBA is likely to announce a bigger than expected cut to its final dividend, or a large increase, depending on which side of the fence you sit.

You see, brokers are split on whether CBA will pay a dividend this time. Those who do think around a 50% cut from the $2.31 a share final dividend it paid in 2019 sounds about right.

The dividend “haves” and “have-nots”

But there are some who thought CBA would follow ANZ’s and Westpac’s lead in deferring their dividends altogether.

If CBA were to limit its payout ratio to 50%, it would imply a $1 a share distribution, according to the AFR.

That’s a few cents under what the first broking group is forecasting but one full buck ahead of the second group of pessimists. It’s clear which group investors were believing.

ASX bank dividends to return

This also explains why ANZ and WBC are bouncing harder. APRA advised the banks not to pay dividends in April and its new instructions clears the way for both to restart payments in November, when they hand in their full year results.

NAB was the only big four bank to deviate from APRA’s advice three months ago to declare an interim dividend. But even then, its payment was chopped by two-thirds to a paltry 30 cents a share.

Worst has passed for bank profits

Another reason why investors are welcoming APRA’s latest dividend ruling is because it shows a growing sense of confidence in the broader Australian economy.

As the AFR reported, APRA’s chair Wayne Byres said “although the environment remains one of heightened risk, we now have a stronger sense of how Australia’s economy and financial institutions are being impacted by COVID-19”.

Pity his words haven’t elicited the same level of enthusiasm from the other ASX sectors today.

More reading

• Xero and 1 other ASX growth share to watch in August
• APRA eases dividend restrictions, ASX bank shares rally
• ASX 200 flat: Big four banks higher, St Barbara and IGO sinks on Q4 updates
• Why the IGO share price is the worst performer on the ASX 200 today
• Why AP Eagers, CIMIC, NAB, & Virgin Money shares are charging higher

Motley Fool contributor Brendon Lau owns shares of Australia & New Zealand Banking Group Limited, Commonwealth Bank of Australia, National Australia Bank Limited, and Westpac Banking. Connect with me on Twitter @brenlau.

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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Tech shares. They’re hot right now and continue to climb.

Whether its Afterpay Ltd (ASX: APT) surging in Australia or Amazon.com Inc. (NASDAQ: AMZN) in the United States, global technology investors are having a field day.

However, investors have to be careful in such a high-growth area. While the WAAAX ASX tech shares have outperformed recently, there is a lot of future expected growth being priced in.

As we approach the August earnings season, let’s take a look at the pros and cons of investing in WAAAX or FAANG shares.

Should you buy tech shares right now?

Investors often choose ASX dividend shares for their consistent payouts versus uncertain future capital growth. However, 2020 (and the coronavirus pandemic) has moved the goalposts, so to speak.

That means now could be a good time to invest in ASX tech shares.

Despite already lofty valuations, the Afterpay share price has continued to climb. It’s a similar story for other WAAAX shares like Xero Limited (ASX: XRO) and Altium Limited (ASX: ALU).

There is a lot of cheap money looking for a good home right now and that’s driving up demand for shares right across the market.

However, we’re still seeing strong operational and financial growth numbers from these companies, which is good news for shareholders who have bought and held.

It’s not just happening in Australia, either. We’ve seen the Amazon share price storm higher while the Apple Inc. (NASDAQ: AAPL) share price is up 26.3% this year.

Many investors smarter and with more knowledge than myself think buying tech shares is a good idea right now. If that’s the case, what’s the best way to do it on the ASX?

How to invest in ASX tech shares today

The most obvious way is to invest directly in ASX tech shares. That means simply buying Afterpay or Xero shares through a broker and taking a direct ownership stake.

That’s the best way to get pure exposure to the company of your choice. You can also look at exchange-traded funds (ETFs) for lower costs and more diversification.

For ASX tech shares, you might want to look at BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC). That aims to track the S&P ASX All Technology Index (ASX: XTX) and invests in top tech shares like Afterpay and Xero.

For international exposure, the ETFS FANG+ ETF (ASX: FANG) may fit the bill. The ASX tech ETF’s top holdings include top US tech stocks like Amazon, Apple and Tesla Inc (NASDAQ: TSLA).

Foolish takeaway

No one knows whether now is a good time to buy tech shares. In hindsight, mid-March was a great time to buy but so too was 2009.

If you’re bullish on tech and a long-term investor, the short-term price fluctuations shouldn’t cloud your judgement on the power of long-term returns.

More reading

• Xero and 1 other ASX growth share to watch in August
• Earnings season: What’s ahead for the Afterpay share price?
• Are ASX tech shares the only way to protect your portfolio against the coronavirus?
• 3 of the best ASX tech shares to buy and hold until 2030
• WAAAX shares see mixed recovery from COVID-19

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Ken Hall 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, Amazon, Apple, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Amazon and Apple. 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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Unless you’ve just emerged from hibernation — in which case, good morning! — you’ll know that most retailers are struggling, to say the least…

Here’s an excerpt from an article in The New Daily, titled ‘Retail apocalypse: Bricks-and-mortar stores are disappearing’:

Retailers across Australia are shutting up shop, as rents skyrocket and time-poor, dollar-conscious consumers opt for the internet over their local high street.

Over the next year, 1.3 per cent of consumer goods retailers are expected to close as physical stores struggle to compete with the low prices, vast range and ease of online shopping.

Meanwhile, once-mighty department stores are in the midst of a mass extinction, with only one of the two major players, Myer and David Jones, expected to survive.

Skyrocketing rents aside, you’d be forgiven for thinking this was penned after the onset of the COVID-19 lockdowns and social distancing.

Not so.

Pandemic hits ASX retail shares when they’re down

In fact, the article was published on 21 August 2019. That’s almost 7 months before the coronavirus saw many physical stores in Australia forced to shut their doors or sharply limit the number of customers allowed inside at any given time.

All the negative ramifications associated with controlling the pandemic hit these retailers when they were already wobbly.

Over in the United States, big name brands including JCPenney and Neiman Marcus are just some of the brick-and-mortar focused retailers that have already filed for bankruptcy since the onset of the global shutdowns.

Here in Australia, swimwear brand Seafolly, with 44 stores across the country, entered voluntary administration at the end of June, citing COVID-19 as the final straw. And with the renewed lockdowns in Victoria and possible return to more stringent distancing measures in New South Wales and other states, even some of the most successful traditional retailers are struggling.

Harvey Norman Holdings Limited (ASX: HVN), for example, has seen its share price drop 13% year-to-date.

Myer Holdings Ltd (ASX: MYR) has fared far worse, with Myer shares falling 58.33% so far in 2020.

But not every retailer is feeling the pain.

No social distancing required

According to data from the Bank of America, US Department of Commerce and ShawSpring Research, e-commerce in the US grew from 16% to reach 27% of total retail sales in March and April of 2020.

That’s almost a doubling of its market share in only 2 months. And it’s seen stocks like the US$1.5 trillion (AU$2.1 trillion) Amazon.com, Inc. (NASDAQ: AMZN) gain an astounding 58.1% since 2 January.

In Australia, the surge in online shopping has been a similar boon for a select group of retailers with strong e-commerce platforms. Here are 2 I think you should consider adding to your own portfolio.

First, there’s Carsales.Com Ltd (ASX: CAR). The online car retailer‘s share price plunged 45.2% from 12 February to 23 March before making a sharp recovery. It’s gained 78.6% since that low. Year-to-date, the Carsales share price is up 11.4%. And this comes during Australia’s first recession in 29 years!

The fact of the matter is most Australians need cars. Even if you live in one of the major cities, you need a car to get outside the sprawl. And the impact of COVID-19 on people’s comfort using public transportation is likely to last long beyond the virus itself.

Those predicting the death of the car (be it electric, petrol, or what have you) will almost certainly be proven wrong. Even the trendy concept of ‘shared cars’ is unlikely to bounce back quickly. In a world rocked by the novel coronavirus and gripped by fears of future pandemics, it’s likely many drivers will stick to the comfort of their own vehicle.

Second, we have Kogan.com Ltd (ASX: KGN). The Kogan share price is up a whopping 119.4% in 2020.

Yes, that means it would have been great to get into the stock at the beginning of the year. But if you’re playing the long game, which I recommend, then I think the Kogan share price could have a lot more growth ahead. Even under some of the rosier scenarios, it’s likely Australians will be dealing with some form of social distancing or another for at least another 12 to 18 months. (Don’t shoot the messenger!)

And people are creatures of habit. When all the virus-related restrictions are finally lifted, and they will be eventually, many consumers will keep buying most of their stuff online.

The e-commerce trend is already well established. And it’s only likely to grow from here.

More reading

• 3 of the best ASX tech shares to buy and hold until 2030
• Latest ASX entrant mixes BNPL with eCommerce
• All Technology Index celebrates 6 months with stunning outperformance
• Is now the time to sell your ASX shares?
• Where to invest $100,000 into ASX shares

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Bernd Struben 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 Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool Australia has recommended Amazon, carsales.com Limited, and 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 S&P/ASX 50 index may not be as well-known as the S&P/ASX 200 Index (ASX: XJO), but it is arguably just as important.

This illustrious index is home to 50 of the largest companies on the Australian share market. These include household names and companies that are true blue chip shares.

While not all shares on the index are necessarily in the buy zone, I think there are a few that could be.

Here’s why I would buy these two outstanding ASX 50 shares:

CSL Limited (ASX: CSL)

My favourite ASX 50 share is biotherapeutics giant CSL. I think it is one of the best options on the index due to its high quality CSL Behring and Seqirus businesses. I believe these businesses are well-placed to deliver strong sales and earnings growth over the next decade.

This is thanks to their leading products and lucrative research and development (R&D) pipelines. In respect to the latter, in FY 2019 CSL invested US$832 million in its R&D activities and a similar level of investment is expected this year. I believe these investments will allow the company to maintain its market-leading position and underpin solid profit growth for the foreseeable future.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 50 share to consider buying is this telco giant. I’ve been very impressed with the progress of Telstra’s T22 strategy. This game-changing strategy is stripping out costs and simplifying its business, making Telstra a leaner and more nimble business.

In addition to this, the NBN headwind is starting to ease and peak pain from the rollout is just around the corner. When this is reached, the drag on its earnings will subside and earnings growth will become a lot more achievable. Other positives that look set to be supportive of growth in the coming years are the arrival of 5G internet and rational industry competition. In light of this, its lucrative infrastructure assets, and its attractive valuation, I think now would be an opportune time to invest.

More reading

• Nanosonics and 2 other ASX healthcare shares to buy
• Are ASX tech shares the only way to protect your portfolio against the coronavirus?
• The TPG share price has fallen 9% in a month. Time to buy?
• Afterpay and Immuron were among the most traded shares on the ASX last week
• Pushpay and 1 other 5-star ASX share to buy 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. 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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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:

Corporate Travel Management Ltd (ASX: CTD)

According to a note out of Ord Minnett, its analysts have upgraded this travel company’s shares to a buy rating with an improved price target of $12.97. The broker believes the company has ample liquidity to ride out the pandemic. Which is something many of its competitors do not have. As a result, it appears to believe it could come out of the crisis in a stronger position. While I do think that Ord Minnett makes some great points, I’d prefer to wait for the crisis to pass before considering an investment in travel shares.

Elders Ltd (ASX: ELD)

Analysts at Goldman Sachs have initiated coverage on this agribusiness company’s shares with a conviction buy rating and $13.65 price target. According to the note, the broker is a fan of Elder’s 8-point plan for FY 2021 to FY 2023. This plan aims to win market share, expand its margins, and strengthen its core operations. Goldman expects this to result in a 16% compound annual growth rate for its earnings per share from FY 2019 through to FY 2022. I agree with the broker and think Elders could be worth a closer look.

Temple & Webster Group Ltd (ASX: TPW)

A note out of the Macquarie equities desk reveals that its analysts have retained their outperform rating and lifted the price target on this online homewares retailer’s shares to $8.80. This follows the release of a full year result which was in line with its expectations earlier this week. Macquarie appears confident on the year ahead and notes that its strong balance sheet gives it opportunities to accelerate its growth with acquisitions. I think Macquarie is spot on and Temple & Webster would be worth considering.

More reading

• ASX 200 down 0.4%, Credit Corp and Temple & Webster impress
• Why Credit Corp, Nufarm, Regis, & Temple & Webster shares are jumping higher
• Can the Marley Spoon share price climb even higher?
• Temple & Webster share price hits record high on stellar FY 2020 growth
• Which ASX furniture share has the edge?

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 Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended Corporate Travel Management Limited. The Motley Fool Australia has recommended Elders Limited and Temple & Webster Group 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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Both Coles Group Ltd (ASX: COL) shares and Woolworths Group Ltd (ASX: WOW) shares have been something of a beacon of stability in 2020 so far. With the coronavirus pandemic upending the world this year, it has been a strange and often scary period in which to invest in ASX shares.

Both Coles and Woolworths are consumer staples giants, with customers flocking to the supermarkets like never before in the first few months of the pandemic. This has lead to ASX investors treating both supermarket chains like islands of capital stability in an ocean of uncertainty.

And fair enough too. Both Coles and Woolworths are among the ever-shrinking pool of ASX 50 companies that are unlikely to cut their dividend payments to shareholders in 2020 and beyond for one. Their defensive, consumer staples nature for another is almost certain to keep the companies healthy and profitable under any future circumstances, whatever they may be. We all need to eat and buy household essentials after all. 

But which of these 2 Australian icons is the better buy today? Well, that’s what we’ll be trying to answer.

An age-old question: Coles or Woolies?

Unlike Coles or Woolies shoppers, who might tend to choose whichever supermarket is closest, we as investors can take a holistic view of these companies. So, let’s start with some statistics (always fun).

On market capitalisation, Woolworths is the biggest player in the game – $49.27 billion on current prices, compared to Coles’ $24.24 billion. This does reflect Woolworths’ ownership of the Big W discount chain, as well as the ALH Hotels Group and the Endeavour Drinks business (which includes the bottle shop chains Dan Murphy’s and BWS). In contrast, Coles is more of a one-trick pony, owning just the Coles network of stores, as well as some bottle shop chains of its own (including First Choice Liquor and Liquorland).

But Woolworths still has a larger presence in the overall grocery market. According to a recent Roy Morgan report, Woolworths maintained a 32.9% share of the market over the course of last year, which compares favourably with the 26.6% share of the grocery market Coles commanded. According to the report, this was a 0.7% drop for Woolworths over the previous year and a 1.4% drop for Coles.

What about the Coles and Woolworths share prices?

At the time of writing, Woolworths is trading for $39.01 and Coles for $18.17. Incidentally, the latter is just a touch off Coles’ all-time high of $18.32 that the company recently reset.

These share prices give Woolworths a price-to-earnings (P/E) ratio of 19.42 and a trailing dividend yield of 2.64%. In contrast, Coles is currently trading on a P/E ratio of 20.46 and offers a trailing dividend yield of 2.31%.

So here we can see the market is pricing Coles at a slight premium to Woolies today.

Foolish takeaway

I would say neither Coles nor Woolies is a screaming bargain today. Investors have clearly kept up both companies’ share prices, probably to reflect a ‘stability’ premium they now offer in this uncertain world.

If I had to choose one company, I think I would go with Woolworths. It’s currently offering a greater market share than Coles, has a cheaper price (relative to earnings) and a higher starting dividend yield. It’s also a more diversified company. As such, I think Woolies wins the supermarket wars, for today at least.

More reading

• CBA and 2 more ASX shares to buy and hold forever
• Are ASX tech shares the only way to protect your portfolio against the coronavirus?
• What would deflation mean for your ASX shares?
• Can the Marley Spoon share price climb even higher?
• Why I would buy Coles and these ASX dividend shares today

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET and Woolworths 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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Jumbo Interactive Ltd (ASX: JIN) is an Australian-based company that resells OzLotto and Powerball lottery tickets online. In 2019, Jumbo Interactive was a market darling, with the company’s share price rallying more than 114% for the year.

However, the same buying enthusiasm has not been seen in recent times. Since hitting a low of $6.99 in mid-March, the Jumbo Interactive share price has only managed to bounce 54% to $10.76 at the time of writing. Although this is not a small move, it dulls in comparison to the share price recovery of other tech shares on the ASX.

So why has the Jumbo share price failed to bounce to pre-pandemic highs and is now the time to buy shares in the company?

How has Jumbo Interactive handled the pandemic?

In early April, Jumbo Interactive provided the market with an update on the company’s performance during the COVID-19 pandemic. The company assured investors that operating conditions have remained consistent and noted that Jumbo Interactive is well positioned for an increase in online lottery demand. In addition, the company noted its healthy financial position, citing no debt and boasting $65.5 million cash on hand.

Why are ASX investors showing little interest?

The COVID-19 pandemic has seen the share price of many online retailers surge as consumers move from shopping in physical stores to online channels. Given the migration online, Jumbo Interactive is well positioned to capitalise on these structural trends with approximately 25% of Australian lottery sales coming from online.

Despite the optimism and potential, investors have remained reserved as indicated by the performance of the Jumbo Interactive share price of late. Firstly, from a fundamentals point of view, many investors may be turned off by the company’s valuation, with Jumbo Interactive currently trading on a forward price-to-earnings (P/E) ratio of 27 times.

Tabcorp Holdings Limited (ASX: TAH) also has an 11% ownership of Jumbo Interactive, with the two companies recently completing a new reseller agreement for the next 10 years, until July 2030. Under the agreement, Jumbo Interactive will pay an upfront extension fee of $15 million to Tabcorp, in recognition of the fundamental value of its lottery licenses to Jumbo. The agreement has not attracted much interest from investors, who may perceive that the deal favours Tabcorp more than Jumbo Interactive.

Should you buy at today’s Jumbo Interactive share price?

Jumbo Interactive was actually removed from the S&P/ASX 200 Index (INDEXASX: XJO) in the June rebalance, indicating that many institutions are finding the company less attractive at the moment. However, despite these factors I actually think that Jumbo Interactive has great potential.

With the pandemic changing consumer behaviour and pushing many people online, I think that Jumbo Interactive is well poised to benefit from these structural changes. However, with a weaker economy it is not known how lotteries will perform, therefore I’m happy to wait on the side lines until the economic tide starts to turn.

More reading

• 2 hidden ASX shares to benefit from coronavirus
• Top brokers name 3 ASX shares to buy next week
• Why UBS thinks now is the time to be buying this underperforming ASX 200 stock
• Tabcorp share price up 5% as CEO and chair succession plan announced
• ASX 200 rises 0.3%, investors bet on Tabcorp

Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Jumbo Interactive 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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