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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and dropped deep into the red. At the time of writing, the benchmark index is down 1% to 7,043.4 points.

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

Adairs Ltd (ASX: ADH)

The Adairs share price is down 10% to $2.28. Investors have been selling this homewares retailer’s shares following the release of a disappointing full year result. Although Adairs reported a 12.9% increase in sales to a record $564.5 million, this couldn’t stop it from posting a 29.6% decline in net profit after tax. Management advised that its margins were impacted by higher supply chain costs and greater promotional activity.

Adbri Ltd (ASX: ABC)

The Adbri share price is down 17% to $2.21. This has been driven by the building materials company’s half year results release. Adbri reported an 8% increase in half year revenue but a 15% decline in statutory net profit after tax to $48.1 million. This was driven partly by extreme wet weather and higher supply chain costs.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price has sunk 11% to $12.83. The catalyst for this has been the struggling fund manager’s shares trading ex-dividend this morning for its final dividend of FY 2022. Eligible shareholders can now look forward to receiving this 68.9 cents per share dividend next month on 6 September.

Reliance Worldwide Corporation Ltd (ASX: RWC)

The Reliance Worldwide share price is down 7% to $4.19. This morning this plumbing parts company released its full year results and reported a 17% increase in sales to US$1.17 billion but a 3% decline in net profit after tax to US$137.4 million. The latter was a touch short of consensus estimates.

The post Why Adairs, Adbri, Magellan, and Reliance Worldwide shares are sinking appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares trading ex-dividend today
• Why is the Magellan share price slumping 10% today?
• Adairs share price sinks 4% despite record full-year sales
• Adbri share price tumbles 12% following a drop in profits
• Reliance Worldwide share price slumps 3% on ‘year of significant operational challenges’

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 ADAIRS FPO and Reliance Worldwide Corporation Limited. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Reliance Worldwide Corporation 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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Three stocks listed in the All Ordinaries Index (ASX: XAO) are making bold moves today, hitting new highs.

This may be surprising news as the All Ords is down 0.79% at the time of writing, putting it in the middle of its 52-week range. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is also trading 0.76% lower.

So let’s check which companies made new highs on Monday.

NIB Holdings Limited (ASX: NHF)

The NIB share price is up 6.95% at the time of writing at $7.775 per share after hitting a 52-week high of $7.79 earlier today. The health insurance fund posted its earnings for FY22 this morning, with underlying operating profit rising 14.8%. It also announced a fully franked dividend of 11 cents per share.

Other highlights from the company’s earnings report included group underlying revenue growing 7.2% year-over-year (YoY) to $2.8 billion and a reduction in its net profit after tax (NPAT). It fell 16.6% to $133.8 million, with the company citing volatility in investment markets as the reason for the contraction.

APM Human Services International Pty (ASX: APM)

Shares in the global human services provider are currently trading for $3.45 after hitting an all-time high of $3.55 this morning. There have been no announcements from the company today.

In fact, its most recent news came on Friday last week after the company announced 275,930,211 fully paid shares will be released from voluntary escrow on 29 August. The shares will be released to Madison Dearborn Capital Partners and their associates for a value of $962 million. That’s around a third of APM’s current market capitalisation of $3.16 billion.

Mader Group Ltd (ASX: MAD)

Shares in the global infrastructure maintenance provider hit an all-time high of $3.33 each this morning. They’ve since settled at $3.15 a share at the time of writing, up 2.61%. Again, there was no news from the company today.

The Mader Group made its last announcement to the market in July, noting it had beaten its previous market guidance. The company expected to beat its revenue guidance by 9%, delivering a total of $402.1 million in unaudited revenue. Audited results for FY22 are expected on Tuesday this week.

The post 3 ASX All Ords shares cracking new highs on Monday appeared first on The Motley Fool Australia.

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More reading

• Why EML, Nearmap, NIB, and Nick Scali shares are charging higher
• NIB share price gains 6% despite net profit drop in FY22
• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Is this why the NIB share price is lagging Medibank on Friday?

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 recommended NIB Holdings 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 S&P/ASX 200 Index (ASX: XJO) looks set to start the week with a disappointing decline. In afternoon trade, the benchmark index is down 0.95% to 7,047.8 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are charging higher:

EML Payments Ltd (ASX: EML)

The EML Payments share price is up 9% to $1.16. Investors have been buying this payments company’s shares following the release of its full year results. EML delivered a better than expected profit result and announced a small share buyback. This appears to have led to short sellers closing positions in a hurry.

Nearmap Ltd (ASX: NEA)

The Nearmap share price is up over 5% to $2.07. This morning this aerial imagery company announced that it has accepted a takeover approach. The Nearmap board is unanimously recommending that shareholders vote in favour of Thoma Bravo’s $2.10 cash per share offer. This is in the absence of a superior proposal and subject to the independent expert’s report.

NIB Holdings Limited (ASX: NHF)

The NIB share price is up over 7% to $7.81. The catalyst for this has been the release of the private health insurer’s full year results for FY 2022. NIB reported a 7.2% increase in revenue to $2.8 billion but a 16.6% decline in net profit to $133.8 million. The latter, which was driven by investment losses, was slightly ahead of consensus estimates.

Nick Scali Limited (ASX: NCK)

The Nick Scali share price is up 3% to $10.32. Investors have been buying this furniture retailer’s shares after its full year results impressed the market. Despite the cost of living crisis, the retailer delivered an 18.2% increase in revenue to $441 million. And while margin pressures led to its underlying profit falling 4.9% to $80.2 million, this didn’t stop the company from increasing its dividend in FY 2022.

The post Why EML, Nearmap, NIB, and Nick Scali shares are charging higher appeared first on The Motley Fool Australia.

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More reading

• Nick Scali share price climbs as final dividend jumps 40% for FY 2022
• EML share price leaps 11% on results and share buyback
• Nearmap share price jumps 5% on takeover update
• NIB share price gains 6% despite net profit drop in FY22
• These are the 10 most shorted ASX shares

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 EML Payments and Nearmap Ltd. The Motley Fool Australia has positions in and has recommended EML Payments and Nearmap Ltd. The Motley Fool Australia has recommended NIB Holdings 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 S&P/ASX 200 Index (ASX: XJO) is having a rough start to the week, sliding 0.76%, but these three ASX shares are still struggling to keep up with the market.

They’ve got a reasonable excuse for their underperformance right now, however. They’re all trading ex-dividend today.

That means, from now on, anyone snapping up the stocks won’t be eligible to receive their upcoming dividends.

Let’s take a closer look at three ASX 200 shares passing the unfortunate milestone on Monday.

3 ASX 200 shares trading ex-dividend today

Vicinity Centres (ASX: VCX)

Shares in ASX 200 real estate investment trust (REIT) Vicinity Centres are trading ex-dividend today. The stock has slipped 1.54% to trade at $1.92 at the time of writing.

The company announced a 5.7 cent, unfranked final dividend last week, representing a portion of its $.2 billion full-year after-tax profit.

From today, those buying into the REIT’s shares won’t get their hands on the payout. It will start to hit investors’ accounts on 12 September.

Magellan Financial Group Ltd (ASX: MFG)

ASX 200 funds management business Magellan is also in the red today. Its share price is down 10.77%, trading at $12.88, likely at least partially due to its ex-dividend date.

The company declared a 68.9 cent, 80% franked dividend within its financial year 2022 earnings, released last week. That left its stock trading with a whopping 12.4% dividend yield as of yesterday’s close.

Those that were invested in the stock on Friday will receive the payout early next month.

Aurizon Holdings Ltd (ASX: AZJ)

The final ASX 200 share trading ex-dividend today is Aurizon. The rail freight operator’s share price is currently falling 4.18% to trade at $3.785.

The company revealed a 10.9 cent, fully franked final dividend on 8 August, representing a 24% cut on its previous final payout.

That dividend will be paid out on 21 September to those on the company’s registry as of Friday’s close.

The post 3 ASX 200 shares trading ex-dividend today appeared first on The Motley Fool Australia.

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More reading

• 3 tips for surviving a recession, according to Warren Buffett
• Janison share price slides as net loss after tax falls by triple digits
• Why these ASX lithium shares are outperforming the market today
• Could the BHP share price be set to benefit from ‘China reopening’?
• APA share price slips on CEO resignation and earnings preview

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 recommended Aurizon Holdings 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

In some ways, things are starting to look up for the U.S. economy. A promising inflation report and low unemployment have many people feeling optimistic that perhaps the worst of this downturn is over.

However, many Americans are still feeling the pinch, and a potential recession is still on the table. To be clear, we’re not officially in a recession just yet. The National Bureau of Economic Research, the organization responsible for making that decision, hasn’t made the official call so far.

Whether or not we’ll face a recession later this year is uncertain. But if there’s anyone who knows how to survive economic downturns, it’s famed investor Warren Buffett. Here’s his advice for getting through a recession.

1. Keep a long-term outlook

Nobody knows for certain whether a recession is looming or how long it might last if it hits. But we do know that, over the long run, the economy and the stock market will recover.

Short-term volatility is normal, and there is a possibility that the economy could slow and stock prices might sink over the next few months. If that happens, your investments could lose value in the near term. However, even the worst recessions are only temporary, and things will get better over time.

Back in 2008, at the height of the Great Recession, Warren Buffett wrote an opinion piece for The New York Times. He explained that amid the recession, “businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records five, 10, and 20 years from now.”

2. Invest more

It can be daunting to continue investing when the future is uncertain, but right now is one of the best opportunities to buy more.

While the market has been rebounding in recent weeks, stock prices, in general, are still well below their peaks from earlier this year. That means you have the chance to load up on quality stocks at a discount — which can potentially save you a lot of money over time.

This strategy can also be incredibly profitable. When you invest during economic slumps, you’re setting yourself up for significant returns when the market recovers. For example, in March 2009, the S&P 500 hit its low point during the Great Recession. But in the following year alone, it saw returns of nearly 70%.

^SPX data by YCharts.

According to Buffett, an important rule to remember when investing is to “be fearful when others are greedy, and be greedy when others are fearful.” If we face a full-blown recession and stock prices fall further, that is your opportunity to “be greedy” and invest as much as you can afford.

3. Focus on quality investments

The best way to ensure your investments survive a recession is to fill your portfolio with strong, long-term stocks. Not all businesses will make it through tough economic times, but healthy companies have the best chance of experiencing consistent growth despite volatility.

This is especially important to remember when stock prices are lower. It can be tempting sometimes to buy shaky stocks simply because they’re on sale. But a bad investment is still a bad investment even if it’s affordable. You’re better off sticking to quality stocks that are more likely to rebound from slumps. As Buffett says, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Nobody can say exactly how the market or the economy will perform over the coming months, and there’s still a chance that we could face an official recession. No matter what happens, though, the right strategy (and the right investments) can keep your money as safe as possible.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 3 tips for surviving a recession, according to Warren Buffett appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares trading ex-dividend today
• Janison share price slides as net loss after tax falls by triple digits
• Why these ASX lithium shares are outperforming the market today
• Could the BHP share price be set to benefit from ‘China reopening’?
• APA share price slips on CEO resignation and earnings preview

Motley Fool contributor Cat Lindsay 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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Janison Education Group Ltd (ASX: JAN) share price is in negative territory today.

This comes after the educational technology company released its full-year results for the 2022 financial year.

At the time of writing, Janison shares are trading 1.18% lower to 42 cents each. The S&P/ASX 200 Index (ASX: XJO) is also down 0.75% so far today.

Let’s check the company’s latest results.

Janison share price backtracks as company records widening net loss

Janison delivered its FY 2022 results for the 12 months ended 30 June 2022. Here are some of the key takeaways:

• Total group revenue up 20% to $36.3 million
• Gross margin up 9 percentage points to 64% (gross profit of $23 million)
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) down 37% to $1.9 million
• Net loss after tax up 181% to $9.1 million
• $11.8 million cash on hand

What happened to Janison in FY 2022?

In FY 2022, Janison delivered a sound year with 20% revenue growth year-on-year driven by Janison Solutions and Janison Assessments. Both business units contributed of $23.9 million (+4%) and $12.4 million (+72%), respectively.

Janison also delivered further gains in gross profit of 39% to approximately $23.2 million in FY22. This was underpinned by an enhanced customer mix as well as improved pricing and scale benefits.

Operating costs increased by 56% to roughly $21.4 million. The majority of these costs came from investment in enterprise sales and marketing resources for large enterprise procurement opportunities.

Overall, the company registered a net loss of $9.1 million on the back of depreciation and amortisation expenses. This reflects an increase of 181% from the $3.2 million loss incurred in FY 2021.

What’s ahead for Janison in FY 2023?

Looking ahead, Janison expects sales momentum and revenue growth to continue in FY 2023.

The group delivered $1.4 million in positive operating cash flow in FY 2022 and is targeting positive net cash flow this year.

For the first half of FY 2023, income from the International Competitions and Assessments for Schools (ICAS) segment is expected to be 15% higher with around $6.5 million in net revenue.

In addition, two new major platform deals secured in Q4 FY 2022 have an aggregate revenue of $1-2 million annual recurring revenue.

Janison also said that it is well positioned to take advantage of Program for International Student Assessment (PISA) opportunities in the United States and United Kingdom in FY 2023.

The Janison share price is down almost 70% since the start of 2022.

The post Janison share price slides as net loss after tax falls by triple digits appeared first on The Motley Fool Australia.

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More reading

• Why these ASX lithium shares are outperforming the market today
• Could the BHP share price be set to benefit from ‘China reopening’?
• APA share price slips on CEO resignation and earnings preview
• Everything you need to know about the monster Ampol dividend
• Up 20% in 2 months, is the Xero share price a buy 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 positions in and has recommended Janison Education Group Limited. The Motley Fool Australia has positions in and has recommended Janison Education 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 Whitehaven Coal Ltd (ASX: WHC) share price is going from strength to strength.

Whitehaven shares closed on Friday trading for $7.36, which set a new closing high on the day. Shares are currently trading for $7.53, up 2.3% even as the S&P/ASX 200 Index (ASX: XJO) dips 0.8% lower.

If the Whitehaven share price can hold onto its gains, it will close out the day for yet another new record high.

What’s piquing ASX 200 investor interest?

ASX 200 investors have been bidding up the Whitehaven share price amid soaring global demand for coal. Demand that has seen coal prices break into their own all-time high territory.

According to Trading Economics, Newcastle coal futures are currently trading at US$416 per tonne. To give you some idea of just how pricey that is, and how profitable it is to companies like Whitehaven, on 1 January this year that same tonne of coal was priced at US$130.

Coal prices, alongside oil and gas, had already been tracking higher heading into 2022 as the world reopened from its lengthy pandemic slowdown. Rising demand was met with limited new supply, following years of underinvestment in the carbon-intensive sector.

Coal prices, and the Whitehaven share price, received another push higher following Russia’s invasion of Ukraine amid direct disruptions from the war alongside ensuing Western embargos on Russian energy exports.

With coal prices at record levels, Whitehaven has forecast a matching record full-year result. The ASX 200 energy share releases those earnings results this Thursday.

Whitehaven Coal is projecting to deliver its strongest ever full-year result.

Whitehaven share price snapshot

The Whitehaven share price has been a stellar performer over the past 12 months, rocketing 231% higher. For some context, the ASX 200 is down 6% over the full year.

As for the broader energy sector, the S&P/ASX 200 Energy Index (ASX: XEJ) has gained 45% in 12 months.

The post The Whitehaven share price just leapt to another all-time high. Here’s why appeared first on The Motley Fool Australia.

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More reading

• Why ASX 200 energy shares could still have decades of prosperity ahead: broker
• Here are the top 10 ASX 200 shares today
• Why is the Whitehaven Coal share price leaping 7% to a record high?
• Why are ASX 200 coal shares having another cracker of a day?
• 3 ASX 200 shares inking new multi-year highs today

Motley Fool contributor Bernd Struben 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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Motley Fool Australia Chief Investment Officer Scott Phillips joined Georgie Gardner for Nine’s Late News on Sunday night to discuss the falling price at the pump, an upcoming RBA speech on climate change and the risks for the financial system, plus a view on earnings season so far, and expectations for the ASX.

[youtube https://www.youtube.com/watch?v=RhPLNqSXTQo?feature=oembed&w=500&h=281]

The post The falling petrol price, climate change and ASX futures. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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• Could this be set to boost ASX 200 iron ore shares?
• Guess which little-known ASX coal share just rocketed 100%
• Why these ASX lithium shares are outperforming the market today
• Could the BHP share price be set to benefit from ‘China reopening’?
• Star Entertainment share price slides on $32 million loss

Motley Fool contributor Scott Phillips 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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ASX 200 iron ore shares have lifted in the past month, but could some news out of China provide a boost?

The BHP Group Ltd (ASX: BHP) share price has risen 13% in the past month. Meanwhile, Rio Tinto Ltd (ASX: RIO) shares have risen 2.24% and Fortescue Metals Group Ltd (ASX: FMG) shares have jumped 8.53%.

So what could be impacting investor sentiment in these ASX 200 iron ore shares?

Could China provide a boost?

Amid China reopening its economy following harsh COVID-19 lockdowns, it seems ASX iron ore shares are now in focus.

Australia is the world’s largest iron ore exporter, according to Statistica figures. Meanwhile, China is the biggest iron ore importer.

In financial results last week, BHP said demand in China into FY23 is “improving”. BHP said China is “pro-growth”.

In contrast, the miner said on the demand side, the rest of the world is “deteriorating” and “anti-inflation” heading into FY23.

In half-year results in late July, Rio said China has “modest inflationary pressures” and more room to “promote growth”.

In comments cited by The Age, Ausbil Global Resources Fund portfolio managers Luke Smith and James Stewart said China is “stimulating growth”, adding:

While Western developed economies are slowing, China is reopening, and is likely to accelerate growth coming out of recent hard COVID lockdowns through significant stimulus.

Meanwhile, Saxo Bank country head of direct sales David Harvie is predicting iron ore consumption in China to fire up again. He said:

Building cities the size of Brisbane once a month, or whatever they’re doing over there, that ain’t going anywhere either. Our house theory is that it is a demand question, and that should be satisfied by virtue of some of those large economies kicking off again.

However, ANZ commodity strategists Daniel Hynes and Soni Kumari see “limited upside” in iron ore prices”. In an ANZ research note last week, they said:

We ultimately see prices at the end of 2023 sitting under USD100/t as the market tightness eases.

The post Could this be set to boost ASX 200 iron ore shares? appeared first on The Motley Fool Australia.

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More reading

• Could the BHP share price be set to benefit from ‘China reopening’?
• Could ASX battery minerals shares be in for a boost next month?
• Here are 2 All Ords ASX dividend shares with yields above 6%
• ASX reporting season weekly wrap: Winners and losers
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Motley Fool contributor Monica O’Shea 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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It hasn’t been a great start to the trading week thus far for ASX shares. At the time of writing, the S&P/ASX All Ordinaries Index (ASX: XAO) has slipped by 0.8% to back around 7,300 points. But we can’t say the same for one little-known ASX coal share.

In stark contrast to the All Ords, the Australian Pacific Coal Ltd (ASX: AQC) share price is on fire today. This coal share closed at 14 cents a share last week, but opened at 26 cents this morning, before dropping to the present price of 25 cents a share, up a pleasing 85.2%.

However, earlier this morning, the company touched 27 cents a share. That was a whopping 100% rise on last week’s close at the time.

So what on earth is going on with Australian Pacific Coal that would elicit such a dramatic jump in valuation?

Why did this ASX coal share double in value today?

Well, it seems that an ASX announcement from Australian Pacific Coal this morning is responsible.

This morning, the company announced that it had received a “non–binding alternative proposal” for the sale of its Dartbrook Project from Nakevo Pty Ltd. Previously, the company had received an offer for Dartbrook from major shareholder and creditor Trepang Services Pty Ltd. 

Nakevo, a private company backed by former coal magnate Nathan Tinkler, proposes to provide “immediate funding to AQC by way of an equity subscription for 19.97% of the shares in AQC at $0.30 per share for a total of $3.78 million (less fees and expenses).”

Nakevo is also proposing to make a takeover bid for Australian Pacific Coal “for up to $0.30 per share, to allow existing shareholders to take the opportunity to liquidate their investment, should they wish to do so”. 

Australian Pacific Coal has stated that “the Proposal is at an early stage, is conditional and requires further consideration. Shareholders are advised to take no action at this time.”

However, investors certainly seem very excited by this latest development, considering what the Australian Pacific Coal share price has done today. No doubt this is a space well worth watching going forward.

At the current Australian Pacific Coal share price, this ASX coal share has a market capitalisation of $6.81 million.

The post Guess which little-known ASX coal share just rocketed 100% appeared first on The Motley Fool Australia.

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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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