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The Sayona Mining Ltd (ASX: SYA) share price powered downwards on Monday afternoon.

This was despite the company not releasing any announcements since the update regarding its North American lithium operation earlier this month.

At market close on Monday, the emerging lithium producer’s shares finished down 5.36% to 26.5 cents.

What dragged down Sayona shares?

A broader sell-off on the S&P/ASX 200 Index (ASX: XJO) today appears to have impacted the Sayona share price.

In contrast, the benchmark ASX 200 index finished down 1.95% to 6,965.5 points following Wall Street’s heavy falls last week.

The United States Federal Reserve held its annual Jackson Hole economic symposium on Friday.

At the event, Fed Reserve chair Jerome Powell dashed hopes about a change in direction from the central bank’s aggressive monetary policy.

He reaffirmed the goal to bring down inflation levels to 2% and hinted at a possible 0.75% rate hike next month.

Subsequently, the market seems to be pricing in the latest news.

Currently, futures for the Dow Jones Industrials are down 213 points, or 0.66%.

The S&P 500 futures and the Nasdaq Futures are sliding 0.83% and 1.18%, respectively.

In the past month, Sayona shares have accelerated by 32.5%, reaching a three-month high of 31 cents on 25 August.

This reflects a very strong rebound from when it was trading at a discount of 11.5 cents on 23 June.

Sayona Mining share price snapshot

Since this time last year, the Sayona share price has soared by 89%.

In 2022, the company’s shares have continued their impressive trajectory, up 104%.

The robust gains have come on the back of renewed optimism in the lithium market in the past few months.

Based on today’s price, Sayona Mining presides a market capitalisation of approximately $2.2 billion.

The post Why did the Sayona share price tumble 5% on Monday? appeared first on The Motley Fool Australia.

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More reading

• Have Sayona Mining shares been a good investment in 2022?
• Why did the Sayona Mining share price beat the ASX All Ords on Tuesday?
• Why is the Sayona Mining share price surging 8% on Friday?
• Why is the Sayona Mining share price so volatile?
• Why are ASX lithium shares having such a cracking start to the week?

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 Appen Ltd (ASX: APX) share price continued its slide on Monday.

At one stage, the artificial intelligence data services company’s shares were down over 6% to a five-year low of $3.65.

Furthermore, when its shares hit that level, it meant that they had lost 36% of their value since this time last month.

Why is the Appen share price at a five-year low?

Let’s start with today’s decline. The Appen share price was sold off today after tech shares crashed lower on Wall Street’s NASDAQ index on Friday night.

This was driven by comments out of the US Federal Reserve which indicated that it would aggressively raise rates to fight inflation. And while the market has been expecting rates to rise, the general consensus is now that rates will be higher for longer than previously expected.

It wasn’t just the Appen share price falling today. The S&P ASX All Technology index dropped a sizeable 4%.

What else?

Also weighing on Appen’s shares has been the recent release of its half year results for FY 2022.

For the 12 months ended 30 June, Appen posted a loss after tax of US$9.4 million. This was down from a profit of US$6.7 million during the prior corresponding period.

In response to the result, the team at Macquarie retained its underperform rating and cut its price target to $3.30. Whereas the team at Ord Minnett downgraded Appen’s shares to a sell rating and slashed its price target on them to $3.00.

Unfortunately, based on these broker notes, the Appen share price may not have found a bottom yet despite its recent weakness.

The post Why did the Appen share price just hit a 5-year low? appeared first on The Motley Fool Australia.

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More reading

• Which crypto is ASX 300 tech company Appen holding and why?
• Appen share price rockets then stalls on US$9m half-year loss
• Appen share price on watch as interim dividend scrapped
• Earnings preview: Here are the ASX shares reporting today
• The Appen share price is down 20% in a month. Is it going lower?

Motley Fool contributor James Mickleboro 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 Appen Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Zip Co Ltd (ASX: ZIP) share price is in the red today, down 9.78% at the time of writing. The sell-off in Zip shares comes amid a string of bad news for the company over the last week.

Shares of the ASX buy now pay later (BNPL) company currently trade for 81.2 cents each. They closed trading on Friday at 90 cents each.

It’s not only the Zip share price that’s been hit today. The S&P/ASX 200 Financials Index (ASX: XFJ), which Zip is a part of, is also not doing too good this afternoon. It’s down by 2.18%.

Zooming out further, the broader market is also struggling today with the S&P/ASX 200 Index (ASX: XJO) 1.98% lower in late afternoon trading.

Let’s recap what’s been challenging the Zip share price over the last week.

What’s going on with the Zip share price?

The black cloud of bad news last week seems to be following the company into the next. On Thursday, investors reeled amid news that Zip posted a $1 billion loss for FY22. The loss equated to roughly 165% of the company’s market cap at the time. Shares unexpectedly rallied to 94 cents apiece when the loss was posted but have since entered a sharp sell-off amid recent developments.

On Friday, UBS broker analyst Tom Beadle posted a note stating the Zip share price was trading at a premium two times higher than what it should be worth, giving it a 45-cent price target. That’s a 45% expected downside at the time of writing.

Beadle said (as quoted by The Australian):

In FY23, managing cash burn and demonstrating a clear path to profitability will be crucial for Zip. Whilst Zip have announced a range of initiatives designed to reduce cash burn, quantifying their precise impact remains difficult; in our view material uncertainty remains.

And today, my Foolish colleague James Mickleboro reported that short sellers are actively targeting Zip shares in expectation of further losses, noting that short interest has risen 8.4% week on week.

Zip share price snapshot

The Zip share price is down 81% year to date.

Both the S&P/ASX 200 Financials Index (ASX: XFJ) and the S&P/ASX 200 Index (ASX: XJO) are far outperforming the BNPL share. They’re down 8.32% and 8.23%, respectively.

Zip’s market capitalisation is roughly $567 million

The post Why is the Zip share price slipping 10% on Monday? appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares
• Here’s why UBS tips the Zip share price to halve
• Zip’s FY22 loss is 165% of its market cap. So why did its shares go up?
• Zip share price lifts despite $1 billion loss for FY22
• Earnings preview: Here are the ASX shares reporting 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 positions in and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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There’s been a flurry of activity to start the week as ASX reporting season nears the final bend.

In late afternoon trade, the S&P/ASX 300 Index (ASX: XKO) is tumbling by 1.9%.

Today has seen some big-name reports from the likes of Fortescue Metals Group Limited (ASX: FMG) and A2 Milk Company Ltd (ASX: A2M).

Amidst all of the news, let’s check out reports from three ASX 300 shares that are flying under the radar today.

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay share price is brushing off the negative market sentiment to edge higher today.

At the time of writing, Dalrymple Bay shares have inched 0.5% higher to $2.15 as investors appear satisfied with the company’s first-half FY22 results.

The company holds a 99-year lease of the Dalrymple Bay Terminal (DBT), the world’s largest metallurgical coal export facility.

For the first half of FY22, the company generated total revenue of $255.7 million, up 7% from the prior corresponding period (pcp) of 1H21.

Net profit after tax (NPAT) came in at $6.6 million, with comparisons from the pcp muddied due to a reversal of IPO transaction costs in the prior year.

Dalrymple Bay declared a second-quarter distribution of 4.5675 cents per security, taking first-half distributions to 9.135 cents. 

Total FY22 distribution guidance remains at 18.27 cents. This puts Dalrymple Bay shares on a forward dividend yield of 8.5%.

29Metals Ltd (ASX: 29M)

The 29Metals share price is performing roughly in line with the ASX 300 today. 29Metals shares have retreated 1.9% at the time of writing to $2.02.

The copper-focused ASX miner handed in its first-half FY22 results this morning, headlined by a 23% jump in revenue to $356 million.

This top-line growth was driven by higher copper and zinc production along with favourable Australian dollar commodity prices. Partially offsetting this was softer gold production and higher treatment and refinement charges.

In the first half, 29Metals delivered copper equivalent production of 34 kilotonnes (kt), up 14% compared to pro-forma 1H21 results.

The company recorded a big improvement in operating cash flow, which came in at $109 million.

This helped the company to strengthen its balance sheet position, ending the period with net cash of $16 million.

29Metals also announced a maiden dividend, declaring a fully franked interim dividend of 2 cents per share.

InvoCare Limited (ASX: IVC)

Funeral home operator InvoCare is another ASX 300 share that reported half-year results today.

At the time of writing, the InvoCare share price is slightly outperforming the ASX 300 index, falling 1.4% to $11.

In the first half of FY22, InvoCare generated 9% top-line growth as revenue hit $285 million. The company also delivered record operating earnings, which lifted by 10% to come in at $44 million.

These results were achieved against a backdrop of ongoing COVID impacts, a spike in ‘excess deaths’, unusually inclement weather, and an inflationary economic environment.

On the back of the record profit result, InvoCare cranked up its interim dividend by 42%. It declared a fully franked interim dividend of 13.5 cents, putting shares on a trailing dividend yield of 2.3%.

The post 3 ASX 300 company earnings results you might have missed appeared first on The Motley Fool Australia.

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More reading

• How are ASX copper shares performing after Monday’s surge?
• ASX copper shares explode by up to 34% following BHP takeover bid

Motley Fool contributor Cathryn Goh 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 recommended A2 Milk. 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 the S&P/ASX 200 Index (ASX: XJO) now down 1.94% for the day so far to 6,966 points or so, it’s fair to say that ASX 200 shares have had better starts to a trading week. But amid these nasty falls, the Novonix Ltd (ASX: NVX) share price is certainly standing out.

Novonix shares have had a shocker of a start to the week. The battery technology company has suffered a 6.54% loss as it currently stands to $2.22 a share. So why is this ASX company enduring a loss more than triple that of the broader markets?

Well, unfortunately, it’s not quite clear what has gotten investors’ collective goats over this company today. There has been no news or announcements whatsoever out of Novonix today. Or indeed since 5 August.

What’s going on with the Novonix share price today?

So it thus seems the most likely explanation for these falls is that investors are getting a bit carried away with the market’s overall losses and bailing out of Novonix shares with gusto.

But this situation isn’t just confined to the Novonix share price. We see many other ASX shares in Novonix’s outer wheelhouse experiencing similar moves. Take lithium producer Pilbara Minerals Ltd (ASX: PLS). It’s currently down 1.83% at $3.49 a share.

Core Lithium Ltd (ASX: CXO) is down 2.88%, while Lake Resources N.L. (ASX: LKE) is faring even worse, down nearly 10%.

But investors seem to have been developing a distaste for Novonix shares for a while now. Including today’s falls, the company has now dropped a painful 32% or so since 11 August.

Whatever the reason for today’s dire share price performance, no doubt investors will be hoping this week can only get better. But we shall have to wait and see.

In the meantime, the current Novonix share price gives this ASX battery share a market capitalisation of $1.08 billion.

The post Why is the Novonix share price tumbling 6% on Monday? 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
• Core Lithium share price dips despite Tesla extension
• These are the 10 most shorted ASX shares
• Are Pilbara Minerals shares better value than Allkem right now?
• ASX 200 reporting season weekly wrap: Top risers and fallers

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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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:

Allkem Ltd (ASX: AKE)

According to a note out of UBS, its analysts have retained their buy rating on this lithium miner’s shares with an improved price target of $18.60. UBS notes that Allkem’s results fell short of expectations and the company’s production guidance for Mt Cattlin was downgraded just weeks after giving it. However, the broker is overlooking this due to the belief that lithium prices will be higher for longer. The Allkem share price is trading at $13.80 on Monday.

Costa Group Holdings Ltd (ASX: CGC)

A note out of Morgans reveals that its analysts have retained their add rating but trimmed their price target on this horticulture company’s shares to $3.35. This follows the release of a half year result that was in line with expectations. And while wet weather has forced a reduction in Morgans’ earnings estimates and valuation, it still believes that its shares are significantly undervalued at current levels. The Costa share price is fetching $2.68 this afternoon.

Ramsay Health Care Limited (ASX: RHC)

Analysts at Citi have upgraded this private hospital operator’s shares to a buy rating with an $85.00 price target. While the broker has reduced its earnings estimates to reflect a slower than expected recovery from the pandemic, it remains positive that one is coming. But perhaps the main catalyst for the upgrade is Citi’s belief that there’s a reasonable chance that private equity firm KKR will come back with another takeover offer in the near future. The Ramsay share price is trading at $70.13 today.

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

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More reading

• Are Pilbara Minerals shares better value than Allkem right now?
• Morgans still sees ‘value upside’ in Allkem share price despite recent rally
• Top brokers name 3 ASX shares to buy next week
• ASX 200 reporting season weekly wrap: Top risers and fallers
• Ramsay share price plunges 4% after suitor withdraws takeover offer

Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 recommended Accent Group. 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 Argo Global Infrastructure Ltd (ASX: ALI) share price is performing well in Monday’s session. The listed investment company (LIC)‘s shares are currently up 3.88% at $2.68 each, defying the gloom of the broader market.

This share price gain comes after Argo Global Infrastructure reported its full-year earnings for the 2022 financial year this morning.

What did the company report?

• Net profit of $29.9 million, up 59% on $18.8 million for FY21
• Net tangible assets (NTA) of $2.45 per share, up 4.3% from $2.35 at the end of FY21
• Final and fully franked dividend of 4.5 cents per share, unchanged from FY21 final dividend
• Full-year dividend of 8 cents per share, also unchanged from FY21

What else happened in FY22?

Argo reports that its Argo Infrastructure portfolio delivered a return of 12.2% for the 12 months to 30 June 2022. That vastly outperformed the S&P/ASX 200 Accumulation Index’s loss of 6.5%.

The company cited a weaker Aussie dollar, as well as returns from “midstream energy pipelines and storage assets, in the wake of Russia’s invasion of Ukraine” as factors in this portfolio performance.

What did management say?

Here’s some of what Argo Global Infrastructure’s management had to say on the results:

Despite challenging macro-economic conditions and considerable volatility over recent months, global infrastructure stocks have continued to display resilience. When broader global and local equities plunged -4.7% and -8.8% respectively in June this year, global listed infrastructure fell just -2.1%.

This strong relative performance reflects the generally defensive characteristics of the asset class and demonstrates its downside protection and low correlation to broader equities.

What’s next?

Going forward, Argo Global Infrastructure’s management is expecting that “strong private investor demand for infrastructure assets is set to continue“, both in Australia and globally.

The company also stated that “in the immediate term, we expect the outlook for infrastructure stocks will continue to be shaped by macroeconomic factors, including higher inflation, rising interest rates and the potential for slower economic growth”.

Argo Global Listed Infrastructure share price snapshot

The Argo Global Infrastructure share price has had a strong showing in recent months. That perhaps reflects the strong performance of its underlying investment portfolio. The LIC is currently up 12.5% in 2022 so far, and 15% over the past 12 months.

At the current Argo Global Infrastructure share price, this ASX LIC has a market capitalisation of $452 million, with a dividend yield of 2.9%.

The post Argo Global Listed Infrastructure share price jumps on ‘strong outperformance’ appeared first on The Motley Fool Australia.

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More reading

• Why is the Rio Tinto share price having such a lousy start to the week?
• Should you buy these ASX 200 shares after the market selloff?
• Why Aussie Broadband, Grange, NextDC, and PolyNovo shares are being hammered
• Guess which company just became the first ASX cannabis share to pay a dividend
• Here are the 3 most heavily traded ASX 200 shares on Monday

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 Rio Tinto Limited (ASX: RIO) share price is off to a disappointing start to the week.

This comes despite the company not releasing any new announcements to the ASX.

At the time of writing, the mining giant’s shares are slipping 2.25% to $96.44.

What’s dragging Rio Tinto shares lower?

There are a couple of reasons why the Rio Tinto share price is trading in negative territory today.

First and foremost, investors are heading for the hills following a strong sell-off on Wall Street late last week.

The market had kept a close watch at the United States Federal Reserve’s annual Jackson Hole economic symposium on Friday.

However, at the event, the central bank’s chair Jerome Powell made hawkish comments about keeping inflation under control. He reiterated the goal to bring down inflation levels to 2% compared to the 8.5% recorded last month.

This means that a 0.75% rate hike could be on the cards for September. And the market appears to be pricing this in.

In addition, the release of Fortescue Metals Group Limited (ASX: FMG)’s results seems to have dampened sentiment for Rio Tinto.

While the iron ore miner recorded an outstanding operational performance, key financial metrics fell by double digits.

Currently, Fortescue shares are down 4.4% to $19.

And lastly, iron ore futures are falling 4.4% to US$101.15 per tonne amid a downbeat outlook on the steel-making ingredient.

Rio Tinto share price summary

Since the beginning of the year, the Rio Tinto share price has moved in circles to register a loss of 3.68%.

For the moment, its shares are in a sideways channel around the psychological $100 mark.

Based on today’s price, Rio Tinto presides a market capitalisation of approximately $36.6 billion.

The post Why is the Rio Tinto share price having such a lousy start to the week? appeared first on The Motley Fool Australia.

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More reading

• How does the BHP dividend stack up against the latest Fortescue payment?
• Everything you need to know about the trimmed-down Fortescue dividend
• Fortescue share price backtracks as final dividend is slashed by 43%
• 5 things to watch on the ASX 200 on Monday
• Earnings preview: Here are 3 ASX 200 shares reporting next week

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 market is a sea of red on Monday after Australian investors responded to a selloff on Wall Street on Friday night.

While the declines are disappointing, it could have created an opportunity for investors to invest in some shares at a better price.

Two ASX 200 shares that analysts are tipping as buys are listed below. Here’s what they are saying:

Pro Medicus Ltd (ASX: PME)

The first ASX 200 share to look at is Pro Medicus. It is a leading health imaging technology provider offering a range of software and services to hospitals, imaging centres, and health care groups across the globe.

Earlier this month, the company released its full year results and smashed expectations again with some stellar earnings growth.

The team at Morgans were particularly impressed. The broker commented:

Pro Medicus recorded another year of strong growth across all metrics with the key highlight being further EBIT margin expansion to 67% well above expectations, highlighting the operating leverage of the business.

It’s an impressive story, and one which we view with longevity. While currently fairly priced, we continue to view this as a strong long-term growth story which will continue to grow into its high multiple. Buyers on any weakness – it’s typically short-lived.

Morgans currently has an add rating and $58.18 price target on the company’s shares.

REA Group Limited (ASX: REA)

Another ASX 200 share to consider is the ANZ region’s leading property listings company, REA Group.

Like Pro Medicus, it was on form in FY 2022, delivering another strong result earlier this month. Once again, it also revealed that it has materially more visitors to its sites than its nearest rival, which appears to be providing it with significant pricing power.

The team at Goldman Sachs were impressed with this result and remain positive on the future. It commented:

Overall we thought the REA result, commentary and cash performance was positive.

Management remains committed to double digit yield growth in FY23E (GSe +11% incl. +6% price, +2% Premiere Plus, +2% strong Premiere All uptake & +1% new products). We remain very confident in the company’s ability to hit its double digit growth target, but do note our estimates could be impacted by geographic mix, attachment of new products such as Audience Max & Premiere+ and the use of ‘exceptions’ that agents have within contracts.

We remain Buy (on CL), with this result and positive yield outlook supporting our recent upgrade of REA.

Goldman has a conviction buy rating and $164.00 price target on REA’s shares.

The post Should you buy these ASX 200 shares after the market selloff? appeared first on The Motley Fool Australia.

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More reading

• Why I’m watching these ASX All Ordinaries shares like a hawk
• 3 ASX 200 shares going ex-dividend tomorrow
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Motley Fool contributor James Mickleboro 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 Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended REA 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street’s lead and plunged into the red. At the time of writing, the benchmark index is down 1.9% to 6,967.5 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Aussie Broadband Ltd (ASX: ABB)

The Aussie Broadband share price is down 13% to $2.71. Investors have been selling this broadband provider’s shares after the release of its full year results. That’s despite the company reporting a 56% increase in revenue to a record $546.9 million and more than doubling its EBITDA to a record of $39.4 million. The market appears to have been expecting even stronger results.

Grange Resources Limited (ASX: GRR)

The Grange share price is down 28% to 98 cents. This morning the iron ore pellet miner released its half year results and revealed a sharp drop in sales and earnings. Grange reported a half year profit of $132.2 million, down almost 36% from $205.3 million a year earlier.

NextDC Ltd (ASX: NXT)

The NextDC share price is down over 6% to $10.26. Investors have been selling NextDC’s shares after a selloff on Wall Street on Friday night offset the release of a strong full year result. This morning, the data centre operator reported an 18% increase in revenue to $291 million and 26% lift in underlying EBITDA to $169 million. The latter was ahead of its guidance range of $163 million to $167 million.

Polynovo Ltd (ASX: PNV)

The Polynovo share price has continued its slide and is down a further 18% to $1.34. Investors have been selling down this medical device company’s shares after its full year results disappointed last week. The market selloff today certainly hasn’t helped matters, particularly given the lofty multiples its shares trade on.

The post Why Aussie Broadband, Grange, NextDC, and PolyNovo shares are being hammered appeared first on The Motley Fool Australia.

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More reading

• ASX 200 tech shares are getting hammered on Monday. Here’s why
• NextDC share price powers down 7% despite turning a profit
• Aussie Broadband share price plummets 18% despite record revenue, earnings
• Polynovo share price plummets 15% despite surging full-year revenue
• Why City Chic, Macquarie Telecom, Polynovo, and Smartgroup shares are sinking

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 Aussie Broadband Limited and POLYNOVO FPO. The Motley Fool Australia has recommended Aussie Broadband 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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