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The BHP Group Ltd (ASX: BHP) share price is rebounding on Friday after hitting a year-to-date low earlier this week.

At the time of writing, shares in the world’s largest miner are up 1.93% to $39.69.

For context, the S&P/ASX 200 Index (ASX: XJO) is 0.52% higher to 6,682.7 points.

Let’s take a look at what’s causing the miner’s shares to race past the benchmark ASX 200 index.

What’s driving BHP forward?

There could be a couple of reasons why the BHP share price is heading north today despite no company announcements.

Firstly, the S&P/ASX 200 Resources Index (ASX: XJR) is the best performing index across the ASX today with a 2.27% gain.

This has led shares in Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) to lift 1.47% and 1.40%, respectively.

The strong turnaround for the benchmark index of Australian resource companies comes amid a 17% fall since 8 June.

Recently, bearish sentiment impacted global markets following investor concerns about a looming recession on the back of China’s COVID-19 crisis.

However, those worries have been alleviated for now as a number of blue-chip shares trade in bargain territory.

In addition, the price for iron ore appears to have stabilised after cooling down from its year-to-date highs of US$150.

Currently, the steel-making ingredient is fetching US$114.50 per tonne.

As reported by Trading Economics, China’s portside inventories increased last week after declining for the previous two months.

Both Australia and Brazil ramped up their iron ore shipments to the Asian powerhouse.

Subsequently, China’s blast furnaces are likely to operate close to full capacity as iron ore supply flows in.

BHP share price snapshot

Since the beginning of 2022, the BHP share price has struggled to take off amid a challenging economic environment.

The mining giant’s shares are up 7% year-to-date, but down 10% in the past 12 months.

Based on today’s price, BHP has a market capitalisation of $191.15 billion.

The post Why BHP and other ASX mining shares are making strides on Friday appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for ASX 200 dividend shares in FY23?
• Is now the time to be buying beaten down ASX 200 mining shares?
• 5 ASX dividend shares with the highest yields in FY22
• These ASX 200 mining shares are bouncing back on Thursday
• Should investors dig the BHP share price in July?

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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A basket of ASX shares involved with lithium production is going gangbusters on Friday.

At the time of writing, the Novonix Ltd (ASX: NVX) share price is soaring 7.2%, Pilbara Minerals Ltd (ASX: PLS) is also trading 7.2% higher, and Allkem Ltd (ASX: AKE) shares are going for 5.6% more than when they started the day.

What’s going on?

Enjoy the inexplicable bounce in ASX lithium stocks

None of the three ASX lithium stocks made any announcements today that would affect their share prices.

The trio seems to be simply enjoying a rebound after lithium shares deflated badly in June.

All these recent movements seem to be sentiment-driven. According to Trading Economics, the lithium carbonate price has remained steady since early March.

The S&P/ASX 200 Index (ASX: XJO) is also up more than 0.5% on Friday, so there is considerable upwards momentum in the share market generally.

Pilbara, based in Western Australia, has seen its share price plummet 32% year-to-date.

Novonix is a pre-revenue ASX lithium share that enjoyed a spectacular (and speculative) 594% rise in its stock price last calendar year. 

This year, though, it is suffering through a 76% drop.

Allkem has fared the best in 2022, losing just 5.8% of its valuation so far. The stock surged 60% upwards in the 2022 financial year.

Long-term demand for lithium

Lithium is in demand as an ingredient for high-powered batteries, such as those used in electric cars.

Hence it’s seen as a valuable commodity in a world transitioning to lower carbon economies.

Shaw and Partners portfolio manager James Gerrish also explained last month that lithium is difficult to substitute.

“Lithium has unique characteristics that are difficult to replicate. It is a light metal but is able to store large amounts of energy and is an excellent conductor of electricity,” he said in a Market Matters Q&A in June.

“Demand for lithium has grown at [approximately] 20% compound annual growth rates through 2017 to 2022 and we think that will continue, while lithium deposits that are technically and economically viable to exploit are rare.”

The post These 3 ASX 200 lithium stocks are exploding on Friday appeared first on The Motley Fool Australia.

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More reading

• Pilbara Minerals share price blasts 8% higher as lithium regains attention
• Why is the Life360 share price soaring 12% today?
• Lake Resources shares are the most traded today. What’s going on?
• Down 40% in 2022: Is the Xero share price a buy today?
• Why did the Allkem share price soar 60% in FY22?

Motley Fool contributor Tony Yoo 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 Flight Centre Travel Group Ltd (ASX: FLT) share price is having a turbulent day today.

The shares opened strongly this morning at $18.06 — up 1.06% on yesterday’s close. But they quickly tumbled and have been trying to recapture this morning’s gains all day.

The Flight Centre share price is currently $17.98, up 0.5% at the time of writing.

What’s happening in the travel industry today?

According to a Bloomberg report, British jet engine maker Rolls-Royce is seeing the widebody aircraft market rebounding faster than expected.

Rolls-Royce makes its money in the travel sector by selling and maintaining long-haul jet engines.

The long-haul market was the hardest hit by the pandemic. However, things may be turning around with some signs of a pick-up in sales talks in recent times.

Rolls Royce CEO Warren East said the company is discussing future production planning and rates with aircraft manufacturer Airbus. This comes amid other reports of airlines considering placing new orders for large jets.

Rolls-Royce is the only engine supplier for Airbus A350s. It has a 35% market share over the Boeing 787, according to the report.

It said that Airbus plans to increase its A350 production rate from five per month to six in early 2023.

Airports swamped by school holiday travellers

More people are taking short-haul trips over international travel as the world continues to manage COVID-19.

In Australia, as the school holidays come to a close in Victoria and Queensland, airports have been swamped with passengers.

A staff shortage due to COVID-19 and bad weather in NSW are causing widespread travel delays and many flight cancellations.

Flight Centre share price summary

Flight Centre shares are down 4% year to date and have risen 12% in value over the past 12 months.

The post Flight Centre share price fails to lift-off amid recovering aircraft engine demand appeared first on The Motley Fool Australia.

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More reading

• Flight Centre completes turbulent journey in FY22
• The Corporate Travel share price hit major turbulence in June
• These are the 10 most shorted ASX shares
• How did ASX travel shares perform in June?
• ASX 200 travel shares leap as Australia scraps COVID-19 vaccine mandates for international arrivals

Motley Fool contributor Bronwyn Allen has positions in Flight Centre Travel Group 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 Flight Centre Travel 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 Pilbara Minerals Ltd (ASX: PLS) share price is among the S&P/ASX 200 Index (ASX: XJO)’s top performers on Friday despite the company’s silence.

So, what might explain the lithium giant’s gains? Well, the market seems to have performed an about-face on the material, bidding many shares involved with the battery-making ingredient higher.

At the time of writing, the Pilbara Minerals share price is trading at $2.38, 8.18% higher than its previous close.

For context, the ASX 200 has gained 0.54% right now while the S&P/ASX 200 Materials Index (ASX: XMJ) is up 1.84%.

Let’s take a look at what’s going on with ASX lithium shares on Friday.

Pilbara Minerals lifts alongside peers

The Pilbara Minerals share price is launching upwards on Friday, as are many of its ASX lithium peers.

The stock is joined in the green by shares in Liontown Resources Limited (ASX: LTR). It’s currently the ASX 200’s third best performer, recording a gain of more than 8% right now.

Allkem Ltd (ASX: AKE), Lake Resources Ltd (ASX: LKE), and Mineral Resources Ltd (ASX: MIN) are also currently posting gains of 6.3%, 6.4%, and 5.4% respectively.

On top of that, Lake Resources is Friday’s most traded share, with around 22.7 million stocks in the company having swapped hands right now.

The Pilbara Mineral’s uptick follows a period of notable losses. ASX lithium shares suffered through a major sell-off event early last month and many haven’t quite recovered.

In fact, shares in Pilbara Minerals stock are trading 20% lower than at the end of May despite posting plenty of good news in June.

Pilbara Minerals share price snapshot

While the company’s stock is off to a strong start this month, it still has a long way to go before it reaches the year-to-date green.

The Pilbara Minerals share price has slumped nearly 33% since the start of 2022. However, it’s still trading 54% higher than it was this time last year.

The post Pilbara Minerals share price blasts 8% higher as lithium regains attention appeared first on The Motley Fool Australia.

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More reading

• Why is the Life360 share price soaring 12% today?
• Lake Resources shares are the most traded today. What’s going on?
• Down 40% in 2022: Is the Xero share price a buy today?
• Why did the Northern Star share price lose its shine in FY22?
• 5 things to watch on the ASX 200 on Friday

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 IGO Ltd (ASX: IGO) share price has been a positive performer on Friday.

In afternoon trade, the battery materials producer’s shares are up almost 5% to $10.14.

Why is the IGO share price pushing higher?

Today’s gain has been driven largely by a rebound in the resources sector.

Investors have been piling back into the sector amid reports that China is planning a massive US$220 billion stimulus program with a focus on infrastructure spending. This bodes well for demand for commodities and should be supportive of prices.

The buying has been so strong in the sector today that the S&P/ASX 200 Resources index is currently up 2.1%. This compares favourably to the ASX 200 index, which is up 0.5% at the time of writing.

Anything else?

In addition to the above, the battery materials industry has been in fine form today, with a number of lithium shares such as Allkem Ltd (ASX: AKE) and Pilbara Minerals Ltd (ASX: PLS) rebounding strongly from recent weakness.

The Allkem share price is currently up over 5% and the Pilbara Minerals share price is up a sizeable 7.5%.

IGO has exposure to lithium through its joint venture with Tianqi Lithium Corporation. This includes stakes in the Greenbushes Lithium Mine and the Kwinana Lithium Hydroxide Refiner.

Can its shares keep rising?

According to a recent note out of Macquarie, its analysts see plenty of room for the company’s shares to run higher.

Macquarie currently has an outperform and $17.00 price target on them. Based on the current IGO share price, this implies potential upside of almost 70% over the next 12 months.

The broker likes the company due to its exposure to critical minerals, which has been boosted since the completion of the Western Areas acquisition.

The post Here’s why the IGO share price is discovering a 5% rally on Friday appeared first on The Motley Fool Australia.

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More reading

• Is now the time to be buying beaten down ASX 200 mining shares?
• Down 21% last month, is now the time to buy IGO shares?
• Top brokers name 3 ASX shares to buy next week
• Brokers name 3 ASX shares to buy today
• Leading brokers name 3 ASX shares to buy today

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 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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S&P/ASX 200 Index (ASX: XJO) energy shares are jumping higher today, helping the ASX 200 rise by 0.5% at the time of writing.

The 2022 calendar year has been a volatile period for energy stocks. For example, the last month shows the Woodside Energy Group Ltd (ASX: WDS) share price has dropped around 10%, yet it’s still up by 37% for the year.

Let’s look at the current state of play with some of the biggest players on the ASX.

The Woodside share price is up 2.6% today.

The Santos Ltd (ASX: STO) share price is up 2.4%.

The Beach Energy Ltd (ASX: BPT) share price is up by 3.4%.

Those numbers imply sizeable outperformance compared to the broader ASX 200. However, there are gains for other ASX 200 shares such as BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Macquarie Group Ltd (ASX: MQG).

What’s going on?

ASX 200 energy shares can be heavily influenced by what happens with commodity prices.

A key factor for profitability for resource businesses is the price that they can get for their commodity.

It can cost almost the same to extract a resource out of the ground whether that price is US$10 higher or US$10 lower than it was before. This means that higher commodity prices can largely fall straight onto the net profit after tax (NPAT) after paying income tax.

According to Commsec, overnight the oil price rose by around 4%. So, perhaps unsurprisingly, ASX’s oil and gas giants have gone up by a somewhat similar level.

Bloomberg reported that “China may let local governments sell 1.5 trillion yuan ($220 billion) of special bonds in the second half. The cash would mostly be used for infrastructure spending to shore up an economy hit by COVID lockdowns and a housing slump.”

It has also been reported by Bloomberg that “a key export route for Kazakh oil risks being suspended as it appeals a Russian court order for it to temporarily shut down.” The relationship between supply and demand can have an important impact on commodity prices.

ASX 200 energy share price snapshot

Over the last six months, the Woodside share price has gone up 34% and the Beach Energy share price has risen 30%. However, the Santos share price has only gone up 3% over the past six months.

The post Why are ASX 200 energy shares making a comeback on Friday? appeared first on The Motley Fool Australia.

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More reading

• Woodside shares rally amid broker’s positive outlook on LNG
• 5 things to watch on the ASX 200 on Friday
• What’s the outlook for ASX 200 dividend shares in FY23?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Woodside share price defies 3-month low in oil prices

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 recommended Macquarie 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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It’s turning out to be a positive end to the trading week for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 has added a healthy 0.59% at just under 6,700 points.

But a few ASX tech shares are doing far better. One is the Life360 Inc (ASX: 360) share price.

Life360 shares are on fire today. The software company has gained an impressive 13.22% so far today at $4.11 a share after closing at $3.63 yesterday. Not only that, but earlier this morning, the company rose as high as $4.14 a share, which was a rise of more than 14%. That makes Life360 the best performer on the entire ASX 200 index so far this Friday.

Life360 is now up an impressive 69% since hitting a new 52-week low of $2.41 back on 23 June. However, the company is still down by almost 58% year to date in 2022 thus far.

So what could be causing such a decisive move higher for Life360?

Why has the Life360 share price shot higher today?

Well, it’s entirely unclear exactly what is sparking this rocketing share price. There has been no news or announcements out of the company itself today.

However, we did see some very strong moves in the tech space over on the US markets last night (our time). The tech-heavy NASDAQ-100 (INDEXNASDAQ: NDX) index rose by 2.16% last night.

But we saw many prominent US tech shares shoot up by more than that. Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOGL) shot up 3.68%, while Shopify Inc (NYSE: SHOP) was up almost 7%. Coinbase Global Inc (NASDAQ: COIN) shares rose 11.12%.

So perhaps Life360’s impressive performance was prompted by these moves on the US markets overnight.

Whatever, the reason for today’s moves, no doubt there are a lot of happy Life360 shareholders out there today.

At the current Life360 share price, this ASX 200 tech share has a market capitalisation of $760 million.

The post Why is the Life360 share price soaring 12% today? appeared first on The Motley Fool Australia.

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More reading

• Lake Resources shares are the most traded today. What’s going on?
• Down 40% in 2022: Is the Xero share price a buy today?
• Why did the Northern Star share price lose its shine in FY22?
• 5 things to watch on the ASX 200 on Friday
• What’s the outlook for ASX 200 dividend shares in FY23?

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet (A shares), Shopify and Coinbase Global, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Coinbase Global, Inc., Life360, Inc., and Shopify. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool Australia has recommended Alphabet (A shares) and Alphabet (C shares). 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 Neometals Ltd (ASX: NMT) share price is leaping higher on Friday after the company announced it could become a notably cheap producer of vanadium.

The company is working to obtain a 50% stake in a venture developing a project to recover vanadium from steel-making by-product, slag.

Now, an operating cost estimate has found the project could be among the lowest-cost producers of the mineral.  

At the time of writing, the Neometals share price is $1.02, 3.55% higher than its previous close. Though, earlier today it hit a high of $1.06, representing a 7.6% gain.

Let’s take a closer look at the latest news from the mineral explorer.

Why is the Neometals share price lifting?

The Neometals share price is taking off following an update on the Vanadium Recovery Project’s feasibility study.

An engineering cost study has found the project – expected to be located in Finland – could be capable of producing 19 million pounds of vanadium each year at an average net operating cost of US$4.38 a pound. That places it in the lowest quartile of the industry cost curve.

Such an operating cost is higher than the project’s pre-feasibility study‘s prediction of US$4.25 a pound. However, the latest study is notably more accurate and predicts greater production.

The latest findings have increased the project’s expected annual throughput from 200,000 tonnes per annum to 300,000 tonnes per annum. They’ve also increased its expected capital costs from US$183.4 million to US$341 million.

Neometals can earn a 50% stake in the venture – owned by Scandinavia’s Critical Metals – by funding and managing the project’s evaluation.  

Today’s announcement from the company notes the project “offers a compelling business case”. That’s underpinned by factors including access to very high-grade feedstocks and a low or net-zero greenhouse gas footprint.

Neometals managing director Chris Reed commented on the news driving the company’s share price today, saying:

Security of supply is a key issue in Europe, vanadium has been on the list of Critical Raw Materials since 2017 and Russia supplied the bulk of Europe’s vanadium feedstock in 2021. As Europe’s only advanced high purity vanadium development project, [the project] is a strategically important asset.

Notwithstanding a reduction in technical risk, Neometals is cognisant of the global economic and geopolitical outlook, current state of financial markets, and the fall in the vanadium price which has increased the financial risk of the project.

The post Neometals share price soars on ‘compelling’ vanadium recycling results appeared first on The Motley Fool Australia.

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More reading

• Why is the Neometals share price surging 10% today?

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 Bitcoin (CRYPTO: BTC) price broke all kinds of records in the 2022 financial year.

First, it hit new record highs in November. Then in June, the crypto fell below its previous cycle highs, set in December 2017, for the first time in its trading history.

Here’s how and why the token moved over FY22.

Bitcoin price off to a cracking start

Though it slid during the first two weeks, by mid-July 2021 the Bitcoin price was off to the races.

Bitcoin kicked off the financial year trading for US$35,041. By 10 November it reached all-time highs of US$68,790, according to data from CoinMarketCap. A handy 96% gain in four and a half months.

Crypto investors with virtual crystal balls who sold on that date won’t be regretting it.

By the time we flipped our calendars into July and into FY23, the Bitcoin price had fallen to US$19,102, down 72% from the November record and down 55% for FY22.

The token hit lows of US$17,708 as recently as 19 June, putting it below the cyclical highs of 2017 that many analysts thought would provide support.

What were the crypto tailwinds and headwinds in FY22?

The financial year gone by locked in the reality that crypto assets are very much subject to the same forces impacting other risk assets.

When investors expected interest rates to stay low well into 2024, as central bank leaders had signalled, there was plenty of interest in cryptos and high growth stocks. When the mantra from central banks changed as the developed world faced unexpectedly fast rising inflation, investors began to reduce their exposure to risk assets like cryptos amid aggressive interest rate hikes.

The Bitcoin price was far from the only one to fall hard over the last six months. In fact, only 14 of the top 100 cryptos by market cap finished the period in the green. And most of those also fell sharply in H2.

The tech heavy NASDAQ offers a good illustration. The index hit its own all-time highs in November. By 30 June it had crashed 31%.

As for the 2023 financial year?

At the time of writing the Bitcoin price stands at US$22,103. That’s up 8% over the past 24 hours and up 16% so far in FY23.

The post What went so right and so wrong for the Bitcoin price in the 2022 financial year? appeared first on The Motley Fool Australia.

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More reading

• Why did the Bitcoin price crash 41% in June?
• Why Bitcoin stocks crashed (again) last month
• How did the price of crypto assets perform in June?
• Here’s what will impact the Bitcoin price in July: expert
• What did the SEC just say about Bitcoin?

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 positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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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July 2022 is an interesting month to think about the Rio Tinto Limited (ASX: RIO) share price.

It comes after a period of declines for the ASX mining share. At the time of writing, Rio Tinto shares have fallen 17% over the past month to $98.71. Considering the company currently has a market capitalisation of $36 billion according to the ASX, it has lost a lot of value in dollar terms in a short period of time.

For readers that didn’t know, Rio Tinto is one of the biggest iron ore miners in the world. To put it in perspective, for the three months to 31 March, Rio Tinto produced 71.7 million tonnes (mt) of iron ore. That’s a lot of iron ore. But that number actually represented a 15% year-on-year decline from the first quarter of FY21.

There is more to Rio Tinto’s business than just iron, but iron generates the biggest share of earnings. Other commodities in the company’s portfolio include bauxite, aluminium, and copper.

What is hurting the Rio Tinto share price?

As a resource business, there are two main elements to revenue generation for Rio Tinto – the quantity of resources produced and the price of that commodity.

Since the beginning of June, the iron ore price has fallen by around US$20 per tonne, representing a fall of around 15%. The copper price also recently reached a 19-month low.

Without a crystal ball, it’s hard to know which way commodity prices will go next.

Many resource prices saw strength earlier in 2022, but things have dropped off amid concerns of a global recession, sparked by inflation and rising interest rates.

It is certainly possible that resources like iron ore could see prices rise again, but prices could also drop as well.

What do brokers think?

UBS recently downgraded its price target for Rio Tinto to $98, which is where it thinks the Rio Tinto share price will be in 12 months. It doesn’t think the company will earn as much profit over the next few years due to lower commodity prices.

However, the broker Credit Suisse is still optimistic with a price target of $118. That suggests a possible upside of around 20%. However, this price target was recently reduced because of the higher energy expense that the aluminium segment will need to pay.

Credit Suisse does like the aluminium exposure though. It also thinks the company has better avenues to grow over the longer term compared to BHP Group Ltd (ASX: BHP).

Credit Suisse thinks Rio Tinto will pay a grossed-up dividend yield of 20% in FY22 and 18% in FY23.

The post Own Rio Tinto shares? Here’s the outlook for July appeared first on The Motley Fool Australia.

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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 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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