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The Kogan.com Ltd (ASX: KGN) share price is trading in the red during afternoon trade on Monday.

At the time of writing, the share has slipped 5.35% lower and rests at $3.36 on no price-sensitive news.

In broad market moves, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) is also 64 basis points in the red today.

Kogan about to go shopping?

Whilst it’s been quiet in Kogan’s camp today, reports have surfaced noting the company might be about to hit the acquisition trail.

The online retailer is understood to potentially have fellow online player Adore Beauty Group Ltd (ASX: ABY) on its radar, The Australian reports.

Adore Beauty has a $145 million fully diluted market capitalisation and is currently priced at $1.59 per share.

After subtracting $29.7 million of cash & equivalents on the balance sheet and adding in the company’s debt of $1.17 million, it has an enterprise value of $116.4 million.

Enterprise value is more routinely used in the valuation of potential acquisitions, by taking in the entire corporate value, versus just the value to equity holders.

Adore stocks numerous leading brands and was formerly owned by Quadrant Private Equity, which retains a 32.5% stake.

A win for Kogan?

If it were to theoretically buy Adore Beauty, it could stimulate a turnaround from a difficult 12 months for Kogan.

It printed a decrease in revenue from FY21 and also a $36 million loss from the year – down from a $3.5 million profit the year prior.

This, heading into a murky forward-looking climate with the prospect of uncertain inflation, and rising interest rates to combat the same.

It is not understood if there is any weight behind the potential acquisition, nor how Kogan would intend to fund the transaction.

Meantime, the Kogan share price is down more than 69% in the past 12 months, following a 61% loss this year to date.

The post About to go shopping? Kogan share price slides 5% amid acquisition rumours appeared first on The Motley Fool Australia.

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More reading

• Why is the Kogan share price smashing the ASX 200 on Friday?
• Why Credit Corp, Endeavour, Kogan, and Service Stream shares are dropping
• Wall Street Slumps | Pilbara Minerals stunning profits | Kogan shares look cheap, Altium shares less so…
• Kogan share price tumbles 9% on first ASX loss
• Earnings preview: Here’s which ASX shares are reporting today

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Kogan.com ltd. The Motley Fool Australia has positions in and has recommended Kogan.com ltd. 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 Vulcan Energy Resources Ltd (ASX: VUL) share price is down 21% from its 11 August high of $9.68

Over the same period, the S&P/ASX 200 Materials Index (ASX: XMJ) also swooped lower for a 4.41% loss.

Shares of the battery metals exploration company currently trade for $7.64 each, up 2.4% for the day.

Let’s take a closer look at the sector’s major developments to learn more about what’s going on with the Vulcan Energy share price.

What happened?

Recent developments present a mix of challenges and opportunities for the zero-carbon lithium developer.

One day before the company’s share price peaked, Graphene Manufacturing Group Ltd (CVE: GMG) announced its graphene aluminium-ion batteries are a more effective substitute for lithium-based alternatives.

The company gave two reasons: the batteries can reportedly charge 70 times faster and have longer lifespans than lithium-ion batteries.

Then on 17 August, EV and semiconductor factories shut down in China for six days amid a record heatwave in the country, as reported by Stockhead.

However, some positive news emerged during this time, too, including that zero-carbon lithium could trade at a ‘green premium’ in the future.

The United States also introduced a US$437 billion spending bill, with the vast majority set aside for tackling climate change and a US$7,500 tax credit for consumers who purchase electric vehicles.

Overall, the outlook looks mostly positive for the company and ASX lithium shares in the longer term, but some short-term headwinds have battered the stock in the meantime.

Vulcan Energy share price snapshot

The Vulcan Energy share price is down 27% year to date. Meanwhile, the S&P/ASX 200 Materials Index has lost 8.3% loss over the same period.

The company’s current market capitalisation is roughly $1.09 billion.

The post The Vulcan share price has cratered 21% since its August high. What’s going on? appeared first on The Motley Fool Australia.

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More reading

• Could this give some ASX lithium shares the edge?
• ‘Green premium’: What could it mean for the Vulcan Energy share price?
• Why is the Vulcan Energy share price up 8%?
• Why did the Vulcan Energy share price fire 5% higher today?

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Whitehaven Coal Ltd (ASX: WHC) share price is stretching higher in afternoon trade on Monday.

At the time of writing, Whitehaven is trading 6.78% higher at $8.51 on no news.

In broad market moves, the S&P/ASX 300 Metals and Mining Index (ASX: XMM) is up around 1.6% on the day.

What’s up with the Whitehaven share price?

ASX coal miners have caught a bid today as the price of coal nudges back above 52-week highs of US$435/tonne.

Coal itself has seen a frenzy of buying activity in the past two days. This comes amid news Russian authorities have shut flows from the Nord Stream 1 gas pipeline into Europe.

For context, flows were already trimmed back to approximately 20% earlier in the year. This coincided with a large increase in European gas futures.

The reason behind the cited shut-off is a ‘technical fault’, however, there’s no say when flows are set to resume.

The moves have seen traders sell off European and United Kingdom gas futures today. Current-month contracts for each are down 11% and 15%, respectively. See returns for each this year below.

Amid the news ASX coal miners have caught buying attention today, alongside the price of the black rock, forecasts for coal consumption point to an increase this year.

“The International Energy Agency sees coal consumption in Europe rising by 7% in 2022 on top of last year’s 14% surge,” Trading Economics reports.

Europe is now turning to various countries – including Australia – to wind back its imports from Russia, it added.

Meanwhile, “[d]emand for coal in India, the world’s second-biggest coal importer behind China, is expected to rise almost 10% in 2022,” said the research firm.

With these catalysts beneath the price of coal, shares of various companies with exposure to the commodity are in focus, evidenced by today’s performance.

Meanwhile, the Whitehaven share price is up around 200% in the past 12 months following a 226% year-to-date gain.

The post Why is the Whitehaven share price having such a stellar session today? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 coal shares smashing the market on Monday?
• Are ASX 200 energy shares a good investment right now?
• Why is the Whitehaven share price burning lower on Thursday?
• These were the best performers on the ASX 200 in August
• Looking to get your hands on the monster Whitehaven dividend? Read this

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Ansarada Group Ltd (ASX: AND)

According to a note out of Morgans, its analysts have retained their add rating and lifted their price target on this deals and transaction management software company’s shares to $1.90. This follows the release of a full year result that was in line with expectations. And while trading conditions have been soft early in FY 2023, Morgans believes any share price weakness should be seen as a buying opportunity. It rates Ansarada’s management team, product offering, and medium term outlook highly. The Ansarada share price is trading at $1.55 today.

NextDC Ltd (ASX: NXT)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $14.00 price target on this data centre operator’s shares. Morgan Stanley has been looking at potential earnings risks from higher energy prices. However, it concludes that these costs are manageable and should be able to be passed through to customers. As a result, it remains positive on the company’s outlook. The NextDC share price is fetching $9.89 on Monday.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at JP Morgan have upgraded this lithium miner’s shares to an overweight rating with an improved price target of $4.10. The broker made the move after increasing its lithium demand outlook to reflect higher electric car penetration rate assumptions. This is being supported by government incentives. The Pilbara Minerals share price is trading at $3.68 on Monday afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why Allkem, Capricorn Metals, Lovisa, and Pilbara Minerals shares are rising today
• Up 75% since mid-June, is it too late to invest in Pilbara Minerals shares?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Piedmont Lithium share price falls 5% after plans to build the largest US lithium plant unveiled

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Ansarada Group Limited. The Motley Fool Australia has positions in and has recommended Ansarada Group Limited. 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 Lake Resources N.L. (ASX: LKE) share price is up and away on Monday despite no announcements from the company.

After being pounded late last week by almost 10%, the lithium producer’s shares are rebounding 3.77% to $1.10 today.

And despite the slight retracement in recent times, it’s up 23% in a month.

Let’s take a look at what’s been powering the company’s shares forward lately.

What’s happening today?

Investors are likely bidding up the Lake Resources share price following a rally across the S&P/ASX 200 Materials Index (ASX: XMJ) sector.

Currently, the index is up 1.86%, which makes it one of the best performers across the ASX today.

Shares in Core Lithium Ltd (ASX: CXO) and Liontown Resources Ltd (ASX: LTR) are also up 5.06% and 3.09%, respectively.

In addition, Motley Fool James Mickleboro reported today that Lake Resources had seen its level of short interest drop week on week.

Bullish broker note

The elevated Lake Resources share price today could also be related to a positive note from JP Morgan, which stated it believed the lithium industry was looking rosy.

According to a report in The Australian, JP Morgan noted it was forecasting a boost for lithium prices because of a “steeper cost curve to incentivise low-grade Chinese supply to fill the supply-demand gap”.

Subsequently, the broker lifted the price of lithium carbonate and spodumene by 20% and 25%, respectively.

This is a stark contrast to Goldman Sachs, which in late May released a bearish report on the lithium sector.

Lake Resources has an aspirational target to reach a capacity of 100,000 tonnes per annum of lithium carbonate within the next eight years.

Lake Resources share price summary

Investing in the lithium sector has been a great place to park your money in the last 12 months.

The Lake Resources share price is up by around 90% over that time, and much more if you look further back.

Based on today’s price, Lake Resources commands a market capitalisation of approximately $1.47 billion.

The post Why is the Lake Resources share price having such a stellar Monday? appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares
• Why did the Lake Resources share price rocket 40% in August?
• These were the best performers on the ASX 200 in August
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Wesfarmers Ltd (ASX: WES) share price has been punished in 2022. It’s down by 22% in the calendar year to date. Ouch.

But, after this hefty fall, it could be worthwhile considering whether the business represents good value at its current level.

Compared to the S&P/ASX 200 Index (ASX: XJO), Wesfarmers has underperformed this year. The ASX 200 is down by around 9% for the year. This means that Wesfarmers shares have underperformed by more than 10%.

Broker thoughts on the Wesfarmers share price

The broker Morgans thinks that Wesfarmers could be an opportunity for investors.

As reported by my colleague Tony Yoo, the Wesfarmers FY22 result impressed Morgans analyst Andrew Tang after the second half “bounce back”. Second-half net profit rose 13.1%. Tang wrote:

We continue to view Wesfarmers as a core portfolio holding for long-term investors.

Kmart Group earnings recovered strongly in 2H22 after being heavily impacted by lockdowns in 1H22.

FY22 dividend per share of 180 cents was above our 164.8 cents per share forecast and Bloomberg consensus (169.5cps)

Group return-on-equity rose 330 basis points to 29.4%.

Morgans currently rates Wesfarmers as add, with a price target of $55.60. This implies a possible rise of around 20%.

The broker also pointed out good retail trading had continued into FY23 for Wesfarmers. The company said:

Retail trading conditions have remained robust through the first seven weeks of the 2023 financial year. Sales growth has been particularly strong in Kmart Group, with sales significantly higher on both a one year and two year basis. Bunnings also continues to see positive sales growth, on a one year and two year basis. Sales in Officeworks were in line with the prior year.

My view

I think Wesfarmers is one of the highest-quality businesses in the S&P/ASX 200 Index (ASX: XJO) and I believe the Wesfarmers share price is a buy.

Bunnings is a particularly important division for Wesfarmers. In FY22, it generated a return on capital of 77.2% and its earnings before tax (EBT) was $2.2 billion, which was 64% of Wesfarmers’ total divisional EBT.

The fact that Bunnings continues to see sales growth is a positive sign. Management said that the demand outlook for Bunnings across the consumer and commercial sectors is supported by a “solid pipeline” of renovation building activity.

One of the most impressive things to me about Wesfarmers is how much it’s investing for growth. It’s going to keep investing in its existing operations and in the development of platforms for long-term growth in FY23, with net capital expenditure of between $1 billion to $1.25 billion.

I’m also excited by the outlook for the Wesfarmers Health division. Management said that the health division is “well-positioned” to deliver long-term growth and will continue to focus on pursuing opportunities to strengthen the competitive position of Australian Pharmaceutical Industries and its pharmacist partners.

Wesfarmers share price snapshot

While the company is down heavily in 2022, over the past month it’s lost less than 2%.

The post Down 20% so far this year, is the Wesfarmers share price a screaming bargain? appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $50,000 in ASX dividend shares for retirement, if I had to start from scratch
• Is the Wesfarmers share price a buy following the company’s latest results?
• Experts name 2 top ASX dividend shares to buy next week
• How did ASX 200 dividend shares stack up in August?
• How I’d invest $20,000 in ASX shares today if I had to start from scratch

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. 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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It’s a good day to be invested in 5E Advanced Materials Inc (ASX: 5EA). The boron and lithium explorer’s share price is leaping 9.78% on news it will soon join the S&P/ASX 300 Index (ASX: XKO).

The 5E Advanced Materials share price is trading at $2.47 on the back of the news, after earlier touching 14.2% higher than its previous close at $2.57.

For comparison, the ASX 300 is lifting 0.23% right now.

Let’s take a closer look at the news driving the mineral explorer’s stock higher on Monday.

5E Advanced Materials share price surges on ASX 300 inclusion

The 5E Advanced Materials share price is soaring higher after it was revealed the company will soon be recognised as one of the ASX’s 300 largest companies.

Its inclusion means funds tracking the ASX 300 will have to snap up the stock before the market opens on 19 September to continue mirroring the index.

That will likely increase demand for 5E Advanced Materials’ shares and, therefore, their value.

The company’s president and CEO, Henri Tausch, commented on other benefits the change could bring, saying:

This inclusion places us in the company of the largest 300 securities on the ASX, which will increase our exposure to investors and potentially, liquidity in our stock with incremental buy demand.

News the mineral explorer will be added to the index was released after market close on Friday.

It’s one of many mining shares entering the ASX 300 this month. Others include Argosy Minerals Limited (ASX: AGY), Arafura Resources Limited (ASX: ARU), and Grange Resources Limited (ASX: GRR).

It’s been a rocky year so far for the 5E Advanced Materials share price. It floated on the ASX in March and hit the NASDAQ later that same month. It has slumped 13% since its first close on the ASX.

The post Guess which mining share is soaring 10% on ASX 300 inclusion news appeared first on The Motley Fool Australia.

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More reading

• It’s a cloudy day on the ASX, but some All Ords shares are still shining brightly
• Why 5E Advanced Materials, IAG, Magnis, and Woodside shares are pushing higher
• Here’s why the 5E Advanced Materials share price just rocketed 20%

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has kicked off the trading week with a day of mild gains so far this Monday. At the time of writing, the ASX 200 has put on a decent 0.21% so far, leaving it trading at just over 6,840 points.

But let’s dig deeper into these market gains and take a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Core Lithium Ltd (ASX: CXO)

The first ASX 200 share up this Monday is the lithium company Core Lithium. As it currently stands, a notable 11.82 million Core Lithium shares have changed hands today. There’s been no news out of the company itself that might explain this volume.

However, we have seen a decisive move in the company’s share price itself, which probably explains this elevated volume. At present, the Core Lithium share price is up a pleasing 5.45% at $1.36 a share. It’s not quite clear why Core Lithium shares are shooting higher this Monday. But this move probably explains the high volumes we are seeing.

Alumina Limited (ASX: AWC)

ASX 200 alumina and aluminium producer Alumina is next up today. So far this Monday, a hefty 12.44 million Alumina shares have been bought and sold.

Again, we see no new news out of this ASX 200 share today. Thus, we probably have the gains that the Alumina share price has seen for the presence of this company on today’s list. Alumina shares have gained a pleasing 2.96% so far to $1.46 a share.

Pilbara Minerals Ltd (ASX: PLS)

Core Lithium’s fellow ASX 200 lithium share Pilbara Minerals is our third and final share to check out. So far, a chunky 17.73 million Pilbara shares have found a new home.

Again, we can look to an outsized share price movement here – the Pilbara share price has put on a weighty gain of 3.8% so far this session to $3.68 a share.

But, as my Fool colleague James covered this afternoon, this could also be a byproduct of ASX broker JP Morgan’s overweight rating for Pilbara, complete with a 12-month share price target of $4.10.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Why is the Core Lithium share price cruising 5% higher today?
• Why Allkem, Capricorn Metals, Lovisa, and Pilbara Minerals shares are rising today
• Where does Tesla get its lithium and do any ASX shares benefit?
• Up 75% since mid-June, is it too late to invest in Pilbara Minerals shares?
• Here are the 3 most heavily traded ASX 200 shares on Friday

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Core Lithium Ltd (ASX: CXO) share price is taking off on Monday despite the company’s silence.

The stock is trading at $1.355 right now, 5.45% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.22% at the time of writing.

So, what might be boosting the ASX lithium favourite higher today? Let’s take a look.

What’s driving the Core Lithium share price higher?

The Core Lithium share price is putting on a strong performance on Monday. Indeed, it’s currently one of its home sector’s top performers.

The S&P/ASX 200 Materials Index (ASX: XMJ) has lifted 1.75% at the time of writing. That makes it Monday’s second best performing ASX 200 sector, coming in behind the S&P/ASX 200 Energy Index and its 4% rise.

The Coronado Global Resources Inc (ASX: CRN) share price is leading the materials sector right now with a 6.3% gain.

That of Core Lithium is in second place while Evolution Mining Ltd (ASX: EVN) is coming in third, rising 4.4%.

Interestingly, the Pilbara Minerals Ltd (ASX: PLS) share price isn’t putting forward such a roaring gain. It’s gained 3.7% to trade at $3.68 right now amid reports JP Morgan slapped the stock with a $4.10 price target and an outperform rating. The broker also upped its expectations for lithium prices, The Australian reports.

The broker has tipped the market to be undersupplied until 2025 and has lifted its price targets on lithium carbonate and spodumene by 20% and 25% respectively, according to the publication.

Such a bullish outlook might go some way to explaining the Core Lithium share price’s day in the sun. And it’s just the latest gain posted by the Northern Territory-focused lithium developer.

The company’s stock has soared 113% since the start of 2022. It’s also currently trading 254% higher than it was this time last year.

For comparison, the ASX 200 has dumped 10% year to date and 9% over the last 12 months.

The post Why is the Core Lithium share price cruising 5% higher today? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Where does Tesla get its lithium and do any ASX shares benefit?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Core Lithium, Mineral Resources, PointsBet, and Strike Energy are dropping
• Why is the Core Lithium share price tumbling 5% on Friday?

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The AVZ Minerals Ltd (ASX: AVZ) share price is currently halted at 78 cents each.

Shares of the mineral exploration company have been voluntarily halted since May. Last week, the company applied for an extension of this halt until 15 September, or until an earlier announcement is made.

Today, AVZ is making waves for a different reason: being removed from one of Australia’s most important stock indexes, the S&P/ASX 300 Index (ASX: XKO).

So why was AVZ Minerals given the boot?

AVZ Minerals booted from ASX 300

S&P Global announced a rebalance of all of its S&P/ASX indices on Friday last week. As part of this process, AVZ Minerals was removed from the index containing the ASX’s largest 300 companies.

Counting AVZ Minerals, 12 companies were removed from the index in total, spread across a broad range of sectors.

A company is added or removed from the ASX 300 due to changes in its market capitalisation. This means that at least 300 other companies have a higher market capitalisation than AVZ Minerals at the time of writing.

A trading halt doesn’t affect whether a company is delisted from the ASX 300 directly, but a frozen share price could put it in danger of its market capitalisation being overtaken by shares in a sector undergoing a strong rally.

The S&P/ASX 200 Energy Index (ASX: XEJ), for example, is up 35.72% year to date, while most of the other indices are in the red. Since energy shares performed strongly this year, this is also likely to have pushed some of the weaker-performing shares, such as AVZ Minerals, out of the index.

AVZ Minerals share price snapshot

The AVZ Minerals share price is down 11.36% year to date. Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) is also 10.19% lower.

The company’s current market capitalisation is around $2.75 billion.

The post Why is the AVZ Minerals share price making news on Monday? appeared first on The Motley Fool Australia.

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More reading

• Why these 3 ASX shares could be in for a massive boost this month
• 5 things to watch on the ASX 200 on Monday
• AVZ shares are still frozen. What’s going on?
• AVZ Minerals shares are scheduled to resume trading this week. Here’s what to watch

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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