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A number of growth shares have been beaten down this year amid the market volatility. While this is disappointing, it could have created a buying opportunity for investors once the volatility ends.

Here’s why these growth shares could be worth owning when the market rebounds:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first growth share to look at is Domino’s. It is one of the world’s largest pizza chain operators with stores across the ANZ, Asia-Pacific, and European regions.

While it has a sprawling network across these regions, management still sees scope for significant expansion over the next decade. It is aiming to more than double its network to 6,650 stores in existing markets by 2033.

And while trading conditions are not easy at present and the company is likely to be battling food and wage inflation, the selloff of its shares appears to have been overdone according to analysts at Morgans. Particularly given its aforementioned growth plans.

Morgans commented:

The engine of DMP’s growth is the rollout of new stores. Although near-term store rollout may be slower than DMP would like, the medium-term opportunity is absolutely undiminished, as evidenced by the reiteration of the 2033 outlook

In light of this, the broker has put an add rating and $93.00 price target on its shares.

TechnologyOne Ltd (ASX: TNE)

Another growth share to look at buying for the rebound is TechnologyOne. It is an enterprise software provider servicing the government, financial services, health and community services, education, and utilities and managed services markets.

TechnologyOne’s shares have fallen heavily this year despite it recently delivering a 19% increase in half year revenue to $172.5 million and a 23% jump in annual recurring revenue (ARR) to $288.5 million. Not even management reiterating its belief that it will grow its ARR to $500 million by FY 2026 has stopped the rot.

Analysts at Goldman Sachs appear to see this as a buying opportunity. Particularly given how the broker suspects that TechnologyOne could even outperform its ARR target, noting that the risks “are skewed to the upside.”

Goldman has a buy rating and $13.30 price target on the company’s shares.

The post 2 ASX growth shares to buy for when the market rebounds appeared first on The Motley Fool Australia.

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More reading

• I think these excellent ASX growth shares are buys for 2022 and beyond
• Top ASX dividend shares to buy in June 2022
• 2 top ASX growth shares with major upside potential
• Leading brokers name 3 ASX shares to buy today
• Watch out Domino’s! Pizza Hut is coming for a bigger slice of the pie

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 recommended Dominos Pizza Enterprises Limited and TechnologyOne 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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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) continued its slide with another sizeable decline. The benchmark index fell 1.3% to 6,601 points.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to finally rebound

The Australian share market is expected to rebound on Thursday following a solid night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 16 points or 0.25% higher this morning. On Wall Street, the Dow Jones rose 1%, the S&P 500 climbed 1.45%, and the Nasdaq jumped 2.5%. Futures contracts are pointing to further gains on Wall Street tonight.

US Federal Reserve lifts rates

As was widely expected, the US Federal Reserve has lifted rates by 0.75%. This is the biggest increase the central bank has made in almost 30 years. The Fed also stressed that it would stay tough on inflation. Looking ahead, according to CNBC, the “dot plot” of individual members’ expectations indicates that the Fed’s benchmark rate will end the year at 3.4%. This is up 1.5 percentage points from the March estimate.

Oil prices tumble

It could be a bad day for energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices pulled back overnight. According to Bloomberg, the WTI crude oil price is down 2.6% to US$115.85 a barrel and the Brent crude oil price is down 2% to US$118.80 a barrel. Oil prices tumbled amid concerns that rising interest rates would impact demand.

Gold price pushes higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a good day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 1.3% to US$1,836.70 an ounce. The precious metal rose despite the US Federal Reserve raising rates and thus lessening the allure of the safe haven asset.

Coronado Global added to the ASX 200

The Coronado Global Resources Inc (ASX: CRN) share price could be given a lift today from news that the coal miner has been added to the ASX 200 index. It has been added to the benchmark index as a replacement for Crown Resorts Ltd (ASX: CWN). The casino and resorts operator’s shares are being delisted following Blackstone’s takeover.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

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More reading

• The Santos share price is up 27% this year. Is it too late to buy?
• Why is the WAM Capital share price down 20% in June?
• Why is the Woodside share price in the red today?
• Despite recent volatility, brokers are predicting big things for the Telstra share price. Here’s why
• Falling ASX share prices = bigger dividend yields. Here’s what you need to know

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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Fortunately for growth investors, there are plenty of shares on the Australian share market with strong long term growth potential.

Two that have been named as buys and tipped for strong growth are named below. Here’s why analysts are bullish on them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share for investors to look at is Aristocrat. It is a gaming technology company with a portfolio of world class poker machines and digital games.

It has been growing at a solid rate for well over a decade and has been tipped to continue this trend by the team at Citi. After smashing its forecasts during the first half, Citi is now forecasting a 35% increase in net profit in FY 2022 to $1,168 million.

Looking further ahead, the broker believes that Aristocrat “represents a compelling long-term growth story, with exposure to ongoing growth in mobile game penetration and potential to grow into new markets.”

In light of this, Citi has put a buy rating and $41.00 price target on the company’s shares. Based on the current Aristocrat share price of $33.01, this implies potential upside of 24% for investors.

NextDC Ltd (ASX: NXT)

Another ASX growth share that is rated highly by analysts is NextDC. It is a leading data centre operator which has been benefiting greatly from the structural shift to the cloud.

Pleasingly, this shift still has a long way to go. As a result, NextDC’s world class network of centres across key locations throughout Australia look well-placed to capture increasing demand.

But management isn’t settling for that. It has its eyes on edge centres (regional data centres) and the Asia market. The latter has seen the company open up offices in Singapore and Tokyo.

Goldman Sachs is a fan of NextDC and has a conviction buy rating and $14.20 price target on its shares. Based on the current NextDC share price of $9.78, this implies potential upside of 45%.

The post Analysts name 2 ASX growth shares to buy with huge upside potential appeared first on The Motley Fool Australia.

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More reading

• Experts name 3 ASX growth shares to buy next week
• Is it safe to buy ASX shares right now?
• Broker says Aristocrat share price is great value with 27% upside
• Why did ASX 200 tech shares fall today?
• 2 stellar ASX growth shares analysts are tipping as buys this month

Motley Fool contributor James Mickleboro has positions in NEXTDC 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 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 Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price closed lower today, finishing 1.82% down at $21.60.

The banking sector has been hit hard these past two months. A number of macroeconomic headwinds look set to plague the industry – namely inflation and interest rate rises.

Exchange Traded Funds (ETFs) tracking the sector have booked extensive losses this year to date, such as the Vaneck Australian Banks ETF (ASX: MVB), down 12%.

Meanwhile, the S&P/ASX 200 Financials Index (ASX: XFJ) has tumbled almost 14% this year to date as well, as illustrated below.

Broker sees further upside for ANZ share price

Yet the team at JP Morgan are constructive on ANZ. The broker reiterated its overweight stance in a recent note.

The broker reckons ANZ will absorb any headwinds well and that some industry pressures are actually a net positive for the bank.

“Our overweight recommendation reflects ANZ’s reasonable [net interest margin] NIM leverage to rising interest rates on a broadly flat cost profile,” the JP Morgan team wrote.

NIMs are a critical measurement used in the evaluation of banking profits, based on net interest income (NII).

“Over the long term, we expect fewer headwinds than for some other peers due to ANZ’s lower exposure to competitive pressures on mortgage margin,” the broker added.

“In addition, we view valuation as attractive, given its significant [price to earnings] P/E discount to peers.”

Those at JP Morgan recently revised the price target down on ANZ, now valuing the company at $28.30 per share, down from $29 earlier.

At the current market price, this implies an upside potential of approximately 31%.

Meanwhile, 56% of brokers covering the stock have it rated as a buy, with 38% saying it’s a hold, according to Bloomberg data.

In the last 12 months, the ANZ share price has slipped more than 24% into the red.

The post Here’s why JP Morgan sees more than 30% upside in the ANZ share price appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• Why are ASX 200 bank shares having another day to forget?
• 5 things to watch on the ASX 200 on Wednesday
• ASX 200 bank shares tumble: Citi says time to buy
• Brokers name 3 ASX shares to buy 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 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 Woodside Energy Group Ltd (ASX: WDS) share price finished in the red today.

The energy giant’s shares fell 3.09% to close at $31.97 each. For perspective, the S&P/ASX 200 Index (ASX: XJO) descended 1.27% today.

So why did the Woodside Energy share price have such a tough day?

Energy shares slide

Woodside shares dropped today but they were not alone among oil producers. The Beach Energy Ltd (ASX: BPT) share price slumped 3.13% while Santos Ltd (ASX: STO) shares slipped nearly 1%. The S&P/ASX 200 Energy Index (ASX: XEJ) also fell 2.41% today.

Oil prices in the US slumped overnight amid fears of a US Federal Reserve interest rate hike.

In comments cited by Reuters, Again Capital LLC partner John Kilduff suggested these interest rate fears are impacting oil prices. He said:

This fear of an even greater basis point hike is driving down equities and oil.

The US Senate Finance Committee chair Ron Wyden is also planning to introduce a law targeting a 21% tax on excess profits of oil and gas companies earning more than $1 billion of revenue per year, the publication reported.

Brent crude oil futures dropped 0.9% to $1.21.17 a barrel in US markets overnight. However, oil prices have since recovered, with Brent crude oil up 0.29% to $121.52 a barrel. However, Tokyo crude oil is still down 2.11%.

In recent news, Woodside has worked with industry associates to develop a new offshore caisson cleaning and inspection tool (CCAIT system). This enables remote inspection of pivotal equipment on offshore platforms. Executive vice president technical services Daniel Kalms said:

The CCAIT system removes the costs of mobilising tools from international locations, including the cost of delay in fractured supply chains. These can represent up to 50% of the total cost of an inspection campaign.

Woodside share price snapshot

The Woodside share price has risen more than 35% in the past year, while it is up more than 46% year to date.

For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) has returned around 20% in the past year.

The post Why is the Woodside share price in the red today? appeared first on The Motley Fool Australia.

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More reading

• Why Block, Nanosonics, St Barbara, and Woodside shares are dropping
• This fund manager is optimistic on these 2 leading ASX 200 energy shares
• These were the best performing ASX 200 shares last week
• 5 things to watch on the ASX 200 on Friday
• Woodside share price soars again despite CEO forecasting oil prices will pull back

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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The Sezzle Inc (ASX: SZL) share price has sunk further on Wednesday, closing 13.5% down at 32 cents apiece.

The drop marks a horrendous performance from Sezzle with the company’s share price collapsing more than 96% over the past 12 months and 89% this year to date.

It’s lost 55.6% in the last month alone.

In broader sector moves, the S&P/ASX All Technology Index (ASX: XTX) slipped a further 3.58% into the red on Wednesday.

What’s up with the Sezzle share price?

Investors have punished Sezzle this year to date amid a wave of macroeconomic pressures that directly impact the buy now pay later (BNPL) space.

The combination of surging inflation and spiking interest rates is indeed a bitter dish for the sector. It can push bad debts higher and companies have to make provisions for these, hurting their income.

These factors also impact consumer demand. Surging inflation pushes prices higher, whilst interest rates drive interest payments in the same direction.

Both have a destructive effect on disposable income and, potentially, aggregate demand.

One fund manager summed it up, saying “The bad debt experience is horrendous.” East72 Fund Manager Andrew Brown told The Age:

The simple fact of life is this: BNPL business as a stand-alone means that you are going to attract a large number of people who are incapable of paying their money back, particularly if you don’t have robust credit checks.

In a world where the cost of debt is rising, these are imminent signs for the sector.

Competition is also rising in the sector after Apple announced it might embed a BNPL update into its store.

The broader market sell-off is undoubtedly punishing Sezzle’s share price this week as well.

The post Sezzle share price fizzles again, now down 55% in a month appeared first on The Motley Fool Australia.

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• Why is the Sezzle share price fizzling 7% on Friday?
• 10 ASX All Ords shares that could be stung by tax-loss selling
• ‘Just horrific’: Why this fundie says Zip should abandon its Sezzle takeover
• Why Brambles, James Hardie, Seek, and Sezzle shares are sinking
• Why is the Sezzle share price tumbling on Tuesday?

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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The JB Hi-Fi Limited (ASX: JBH) share price has been suffering in recent weeks, just like most of the rest of the S&P/ASX 200 Index (ASX: XJO).

In just one month, JB Hi-Fi shares have fallen almost 20%. That means the JB Hi-Fi market capitalisation has lost an entire fifth of its value – the entire business is now valued at $4.3 billion according to the ASX.

What happens next?

I wish I knew. It would make investing a lot easier! Sadly, my time machine isn’t working yet.

There has been a lot of volatility. With the ongoing strength of inflation, there could be more volatility to come.

But, specifically on the JB Hi-Fi share price, market sentiment has declined. Is this lower price an opportunity? Let’s look at what some of the leading brokers are thinking.

Ratings on the JB Hi-Fi share price

Macquarie recently downgraded its rating on the business to underperform from outperform, citing the negative outlook regarding the consumer because of the high level of inflation and rising interest rates, as well as a redirection of household spending to other categories. Macquarie’s price target is $40.90.

The broker points out that a lot of households bought new gadgets and appliances over the last two years, so the shorter-term spending on those categories is likely to be lower. While Macquarie thinks JB Hi-Fi is a great ASX retail share, it believes the economic conditions will be challenging.

Citi is more optimistic about things for the JB Hi-Fi share price, with a price target of $53. However, the current rating is neutral. But that does imply a possible rise of more than 30%. While acknowledging the worsening economic conditions, the broker thinks things still look reasonable for the retail sector.

Another broker, UBS, is also neutral on the business. It noted the latest trading update, showing growth for the business.

Latest trading update

The company announced last month the performance for the three months to 31 March 2022.

For that quarter, JB Hi-Fi Australia sales went up 11.9% year on year, JB Hi-Fi New Zealand sales were up 4.8% year on year and The Good Guys sales went up 5.5% year on year.

JB Hi-Fi share price valuation

Macquarie thinks that JB Hi-Fi shares are valued at under 10 times FY22’s estimated earnings and 11 times FY23’s estimated earnings.

Citi has estimates for a bigger profit by the ASX retail share. This broker’s projections put the JB Hi-Fi share price at 9 times FY22’s estimated earnings and 10 times FY23’s estimated earnings.

The post The JB Hi-Fi share price has tumbled 19% in a month. What’s next? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX companies busted for sneaky facial recognition on customers
• Why are these ASX 200 retail shares lagging the market today?
• ASX retail shares tumble following RBA rate rise
• Why experts rate the JB Hi-Fi share price a buy right now
• Why are ASX 200 retail shares climbing on Friday?

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 was yet another day to forget for the Novonix Ltd (ASX: NVX) share price on Wednesday.

The battery technology company’s shares were the worst performers on the ASX 200 index with a 14% decline to $2.47.

This means the Novonix share price is now down 76% in 2022.

What’s going on with the Novonix share price?

The most recent weakness in the Novonix share price appears to have been driven by news that a major shareholder has been selling down its stake.

According to a change of interests of substantial shareholder notice, St Baker Energy has offloaded 7.6 million shares.

St Baker Energy, which was founded by Trevor St Baker, sold these shares on 10 June via an off-market transfer for a total of just over $24 million. This equates to an average of $2.90 per share.

Despite this sale, the investment company still retains a sizeable 11.7% stake in Novonix.

Why was it selling?

No explanation was given in respect to why St Baker Energy sold the shares. However, given that Trevor St Baker retired from the Novonix Board last month to devote more time to the establishment of a second St Baker Energy Innovation Fund, it’s possible that he was raising funds for this new venture.

Nevertheless, the selling appears to have spooked investors and put further pressure on the Novonix share price at a difficult time for higher risk assets.

The post The Novonix share price is the worst of the ASX 200 losers today. What’s going on? appeared first on The Motley Fool Australia.

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• ASX 200 midday update: ResMed’s US$1bn acquisition, tech shares continue to sink
• Novonix share price tumbles 10% amid Tuesday’s carnage
• Can the Novonix share price hit the comeback trail in June?
• Novonix share price slips to 10-month low amid Thursday’s sell-off
• Novonix share price dips ahead of US investor conference presentation

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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Like many ASX shares of late, the Telstra Corporation Ltd (ASX: TLS) share price has been through the washer. Telstra shares closed today’s session at $3.83, up a pleasing 2.13% for the day. But over the past five trading days, Telstra has been as high as $3.90 a share and as low as $3.67.

Despite this volatility, the Telstra share price is actually flat if we just take the bookend prices of this period.

But perhaps investors should have taken advantage of this volatility. That’s certainly what some ASX brokers are implying at the moment.

Brokers name Telstra shares as a buy, despite recent volatility

One is Morgans. As my Fool colleague James covered this week, Morgans is currently bullish on Telstra shares. This ASX broker recently rated Telstra as an “add”, replete with a 12-month share price target of $4.56.

With Telstra’s T25 cost-cutting program now underway, Morgans is pleased with the company’s progress in this area. The broker is also predicting that the telco will be able to keep its annual 16 cents per share dividend flowing across FY2022 and into FY2023, further boosting returns.

For argument’s sake, let’s assume Morgans is accurate with its share price prediction (by no means guaranteed). That means this week’s volatility has presented a compelling buying opportunity.

At the current Telstra share price of $3.83, investors will enjoy an upside of 19% over the next 12 months if Telstra does indeed rise to $4.56 a share. But if an investor who took advantage of the recent volatility and bought in at $3.67 a share, the potential upside would stretch to more than 24%.

Morgans’ fellow broker Ord Minnet is even more bullish on Telstra. As my Fool colleague Tristan also covered recently, Ord Minnet has a buy rating on Telstra, complete with a price target of $4.85. If that played out, investors would be looking at an upside of 26.6% on current prices. That extends to 32% for our hypothetical ‘buy-the dip‘ buyer this week.

So despite the recent share price volatility, that’s what two of the ASX’s top brokers are anticipating for the Telstra share price going forward. But only time will tell if these brokers are proven right.

At the current Telstra share price, this ASX 200 telco has a market capitalisation of $44.3 billion, with a dividend yield of 4.17%.

The post Despite recent volatility, brokers are predicting big things for the Telstra share price. Here’s why appeared first on The Motley Fool Australia.

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More reading

• Falling ASX share prices = bigger dividend yields. Here’s what you need to know
• Why are ASX 200 bank shares having another day to forget?
• Here are the 3 most traded ASX 200 shares on Wednesday
• 3 ASX 200 shares stretching higher on Wednesday
• Investing should be boring: fundie

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation 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 positions in and has recommended Telstra 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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By now, chances are you’ve heard that the S&P/ASX 200 Index (ASX: XJO) has had a rough couple of days. The ASX 200 has lost more than 1% on Wednesday, putting its five-day losses at a painful 6.8% or so. Not many investors enjoy a red market like the one we’ve seen this week. But it does carry a fairly significant silver lining: higher dividend yields.

Every ASX dividend share has a dividend yield. This is the number (expressed as a percentage) that is usually quoted when one enquires about a company’s dividend. For example, on current pricing, Commonwealth Bank of Australia (ASX: CBA) shares have a dividend yield of 4.15%.

But this metric is not a static one. It uses two different numbers to get there. The first is the dividends per share that a company pays out. In CBA’s case, this ASX bank has paid out $3.75 in dividends per share over the past 12 months.

But the second is the company’s share price itself. By dividing $90.46 (CBA’s current share price at the time of writing) by $3.75, we get to a dividend yield of 4.15%. That means that if CBA pays out the same dividend over the next 12 months as the previous, an investor putting $100 into CBA shares right now can expect a dividend return of $4.15, or 4.15% of that $100.

Why do lower share prices bring higher dividend yields?

So getting a dividend from an ASX share is influenced by these two factors. Thus, if a company’s share price falls, but its dividends remain consistent, the dividend yield that investors can expect from buying additional shares rises.

As a case in point, CBA shares have fallen from $102.40 last Wednesday to the $90.45 we see right now. This means that if an investor bought CBA last week, their shares would have offered a yield of 3.66%. Today, those same shares offer a yield of 4.15%.

If CBA maintains or raises its dividend next year, an investor who bought in at $90.46 can expect a higher dividend yield (and income) than the investor who bought at $102.40.

So falling share prices aren’t always bad for long-term investors. Sure, it’s never fun watching the value of your shares drop in value. But it also shows that these occasions can be a potent buying opportunity for the brave of heart.

The post Falling ASX share prices = bigger dividend yields. Here’s what you need to know 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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