Tag: Motley Fool

The S&P/ASX 200 Index (ASX: XJO) is having a day to forget. In afternoon trade, the benchmark index is off its lows but still down 4.25% to 6,637.3 points.

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

BHP Group Ltd (ASX: BHP)

The BHP share price is down 5.5% to $43.72. Investors have been selling BHP and other large cap miners today amid broad market weakness and a pullback in commodity prices. Concerns that the global economy could fall into a recession has sparked fears that demand for commodities could soften.

Block Inc (ASX: SQ2)

The Block share price is down a disappointing 16.5% to $91.42. This follows a similarly severe decline by this payments company’s NYSE listed shares on Monday night on Wall Street. Block isn’t the only tech shares being hammered today. At the time of writing, the S&P/ASX All Technology Index is down over 5%.

Harvey Norman Holdings Limited (ASX: HVN)

The Harvey Norman share price is down 7% to $3.80. As well as the market selloff, this retailer’s shares have come under pressure after being hit by a broker downgrade. This morning Macquarie downgraded Harvey Norman’s shares to a neutral rating from outperform. The broker fears that consumer spending could be impacted by rising inflation.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is down 10% to $2.05. This sports betting company’s shares have been caught up in the market selloff. In addition, investors were selling down sports betting shares on Wall Street last night. This saw rival DraftKings tumble a sizeable 16% on the Nasdaq index. The PointsBet share price is now down a disappointing 72% since the start of the year.

The post Why BHP, Block, Harvey Norman, and PointsBet shares are sinking appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 tech shares getting hit hardest today?
• ASX 200 midday update: Block and Zip crash amid market selloff
• Own Zip shares? CEO warned co-founder 8 months ago, ‘There are some clouds gathering on the horizon’ after Morgan Stanley meeting
• Why is the Block share price crashing 18% on Tuesday?
• Wall Street tumbles into bear market. What does that mean for ASX 200 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 Block, Inc., Harvey Norman Holdings Ltd., and Pointsbet Holdings Ltd. The Motley Fool Australia has positions in and has recommended Block, Inc. and Harvey Norman Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Imugene Limited (ASX: IMU) share price is struggling on Tuesday despite the company’s silence.

Though, the biotechnology company has hit the headlines again today regarding the trial for its cancer-fighting virus, CF33-hNIS.

The first patient was dosed using the virus therapy as part of the trial last month.

At the time of writing, the Imugene share price is 13 cents, 12% lower than its previous close.

According to the ASX website, it is the seventh biggest faller among ASX 200 shares today.

For context, the S&P/ASX 200 Index (ASX: XJO) is 4.4% lower due to a widespread market sell-off.

Let’s take a closer look at what’s happening with Imugene’s stock on Tuesday.

What’s going wrong for the Imugene share price?

The Imugene share price is suffering on Tuesday despite a positive headline relating to the trial of the company’s CF33-hNIS therapy.

The phase one trial could soon be kicked up a notch as additional patients reportedly wait to receive the therapy.

“The FDA has mandated that you have to wait 28 days before you can dose another patient, because you really want to have that safety profile,” Imugene CEO Leslie Chong told Australian Associated Press in an article published by Yahoo Finance. “So we’re just simply waiting for those 28 days.”

Imugene announced the first patient was dosed with the cancer-fighting virus on 18 May. Tomorrow represents 28 days since the news was released.

By all accounts it’s going well, with Chong commenting:

I’m always pleased when I don’t hear anything, because that means that the patient had lots of safety, and we haven’t heard anything – so we’re really pleased.

Additionally, a non-price sensitive disclosure to the ASX this morning shows an increase in the Imugene shareholdings of one of the company’s directors.

Charles Walker’s indirect holding in the company was upped by 128,000 shares last week. Those shares were purchased on market for 15.5 cents.

The Imugene share price is the worst performer of the S&P/ASX 200 Health Care (ASX: XHJ) index today.

Right now, the sector is down 4.2% with only one of its constituents – Polynovo Ltd (ASX: PNV) — recording a gain.

Imugene wrote to shareholders last month, saying it is “as strong as it ever has been” despite recent struggles for the share price.

The stock has fallen 69% in 2022 so far. It’s also 61% lower than it was this time last year.

The post Why is the Imugene share price one of the biggest ASX 200 fallers today? appeared first on The Motley Fool Australia.

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More reading

• These were the worst performing ASX 200 shares last week
• ‘Storm in a teacup’: Why the Imugene share price is lifting 14% today
• Imugene share price surges 18% to lead the ASX 200 on Thursday
• 2 ASX All Ordinaries shares having a cracking day, despite the carnage
• ASX 200 midday update: Aristocrat’s earnings beat, Webjet flops, retailers smashed

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 positions in and has recommended POLYNOVO 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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The Ethereum (CRYPTO: ETH) price is nosediving.

The world’s number two crypto by market cap is currently trading for US$1,114 (AU$1,591). That’s down 17% from this time yesterday. That sees the token trading down 79% from its 16 November record highs.

And it’s not just the Ethereum price falling hard.

Most every top crypto is deep in the red, with Bitcoin (CRYPTO: BTC), the world’s original digital token, down 16%.

Celsius (CRYPTO: CEL), meanwhile, is down 28% over the past 24 hours and down 60% since Friday.

Why do we throw the spotlight on Celsius?

Crypto lender suspends trading

There are two major factors putting crypto markets broadly and the Ethereum price specifically under selling pressure today.

First, only a month after the multi-billion dollar losses caused by the meltdown of Terra’s USD stable coin and its supporting token Luna, another major player looks to potentially be in trouble.

Yesterday, global crypto-lender Celsius Network, which promises yields of up to 17% on some of its products, announced it was pausing all withdrawals and trading. Investors fear Celsius may not be able to meet its obligations.

Commenting on the impact of the Celsius announcement on cryptos, and by extent the Ethereum price, Vijay Ayyar, vice president of corporate development Luno said (quoted by Bloomberg):

The Celsius news added fuel to the fire, adding to the uncertainty in the market. There is a lot of pressure on prices as we go into the week of Fed decision coupled with concerns on the protocols offering high-yield products.

Ethereum price tumbles on interest rate fears

More broadly the Ethereum price is tumbling amid a wider sell-off of risk assets.

Yesterday in the United States (overnight Aussie time) the tech-heavy Nasdaq closed down 4.7%. Today in Australia the S&P/ASX All Technology Index (ASX: XTX) is down 6% in late afternoon trading. (The ASX was closed on Monday for the Queen’s Birthday holiday.)

The broad-based selling comes following an unexpected uptick in inflation numbers in the US on Friday.

As you know, inflation in the world’s largest economy has been running hot. Inflation reached 8.5% in March before edging lower to 8.3% in April. That had many analysts forecasting that the US may have seen peak inflation, with predictions of another drop in May.

That didn’t happen, with inflation last month coming in at 8.6%.

That’s seeing risk assets sell off and the Ethereum price crater as investors are now bracing for an even more aggressive tightening cycle by the US Federal Reserve to bring inflation back in line.

The post The Ethereum price just plummeted 17%. What’s going on? appeared first on The Motley Fool Australia.

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More reading

• Could cryptos be facing an upcoming wave of institutional selling?
• What crypto winter? It’s always sunny with Solana
• ‘No crazy bug’: Here’s the latest on the Ethereum merge
• How has the ASX-listed Betashares CRYP ETF been performing?
• What’s the outlook for crypto prices in June? Industry insiders weigh in

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia has positions in and has recommended Bitcoin and Ethereum. 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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If you’re looking for some new exchange traded funds (ETFs) to boost your portfolio with, then the three listed below could be worth considering right now.

Here’s why they could be quality long term options for investors:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF for investors to look at is the BetaShares Global Cybersecurity ETF. This ETF provides investors with exposure to the leaders in the global cybersecurity sector. BetaShares notes that this is heavily under-represented on the ASX. Which is a shame given that it is a rapidly growing area of the market. Among the companies you’ll be owning a slice of are cyber security giants Accenture, Cloudflare, Crowdstrike, and Okta.

BetaShares Global Energy Companies ETF (ASX: FUEL)

Another ETF that could be in the buy zone is the BetaShares Global Energy Companies ETF. With oil prices on a tear this year, the companies included in this ETF could be well-placed to deliver bumper profits in the near term. The BetaShares Global Energy Companies ETF currently provides investors with access to many of the largest energy companies in the world such as BP, Chevron, ExxonMobil, and Royal Dutch Shell.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF for investors to consider is the Vanguard MSCI Index International Shares ETF. This very popular ETF provides investors with exposure to over 1,000 of the world’s largest listed companies from major developed countries. This means that through a single investment, investors are able to buy a slice of companies such as Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa. This makes it a great (and easy) way for investors to add some diversity to their portfolio.

The post 3 popular ETFs for ASX investors to buy now appeared first on The Motley Fool Australia.

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More reading

• 3 ASX ETFs for investors to buy next week
• Waiting to start investing in ASX shares? Today could be a brilliant time to do it
• Are these 2 ASX energy shares a buy amid booming oil prices?
• How has the HACK ETF averaged annual returns of 19%?
• 2 great ETFs I’d buy in June 2022

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 BETA CYBER ETF UNITS, BetaShares Global Energy Companies ETF – Currency Hedged, and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Vulcan Energy Resources Ltd (ASX: VUL) share price is deep in the red on Tuesday despite no company announcements.

At the time of writing, the clean lithium developer’s shares are down 12.36% to $5.635.

For context, the broader S&P/ASX 200 Index (ASX: XJO) is sinking 4.37% to 6,629.2 points following heavy falls on Wall Street overnight.

Vulcan Energy shares plummet to 52-week low

Investors are heading for the exits, sending the Vulcan Energy share price to a new 52-week low during trade on Tuesday.

Fears are mounting about an incoming recession next year as inflation continues to spike across global economies.

Last Friday, the release of the United States consumer price index report indicated that inflation rose 8.6% in May. This was above the 8.3% forecast and the highest level in 41 years.

Subsequently, economists are predicting that a recession will likely occur in the early part of 2023.

The Federal Reserve is now more than likely to quickly raise the official cash rate to help ease inflationary pressures. However, this spells bad news for stocks as investors jump ship to better risk and reward alternatives such as government bonds.

With the Dow Jones entering bear market territory, the ASX has followed suit.

The old age saying, “When America sneezes, Australia catches a cold” couldn’t be more right.

The S&P/ASX 300 Metals and Mining (ASX: XMM) industry is currently down 5.81% to 5,654.5 points. This represents a fall of close to 8% in the past week.

Late last month, Goldman Sachs released a bearish report on lithium which sent shockwaves across the battery metals market.

The broker forecasted that lithium prices will sink to around US$16,000 per tonne in 2023. This is a stark contrast compared to the US$71,000 per tonne that is being traded at the moment.

It’s no wonder that with all this negative sentiment that Vulcan Energy shares touched a 52-week low of $5.23 today.

About the Vulcan Energy share price

Since this time last year, the Vulcan Energy share price has dropped by 36% following a difficult couple of months.

Based on today’s price, Vulcan Energy presides a market capitalisation of approximately $741.82 million.

The post Here’s why the Vulcan Energy share price is sinking 12% today? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares that have surged 300% in the past year
• Which ASX lithium shares are producing and which are not?
• Why is the Vulcan Energy share price tumbling 6% today?
• 3 ASX mining shares billionaire John Hancock is buying for rising inflation and the energy transition
• Here’s why the Vulcan share price is charging 6% higher

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is a sea of red and down heavily. At the time of writing, the benchmark index is down 4.25% to 6,634.7 points.

Four ASX shares that have defied the odds and pushed higher are listed below. Here’s why they are rising:

Australian Clinical Labs Ltd (ASX: ACL)

The Australian Clinical Labs share price is up 1% to $4.62. Last week Goldman Sachs reiterated its buy rating and $6.50 price target on this pathology services company’s shares. Its analysts believe that the company’s longer term earnings power is still underappreciated by the market.

Lake Resources N.L. (ASX: LKE)

The Lake Resources share price is up 5% to $1.47. This is despite there being no news out of the lithium developer. However, it is worth noting that Lake Resources is being added to the ASX 200 index at the next rebalance later this month.

PolyNovo Ltd (ASX: PNV)

The PolyNovo share price is up 2% to $1.18. While there’s been no news out of the medical device company, its chairman has been buying shares ferociously in recent weeks. It’s possible that he has been in the market again, taking advantage of recent weakness. Mr Williams’ last purchase was on 7 June, with the acquisition of 21,456 shares.

ResApp Health Ltd (ASX: RAP)

The ResApp share price is rocketing 55% higher to 17 cents. This follows news that the terms of its potential acquisition by Pfizer have been improved. The pharmaceutical giant has agreed to increase its offer from 11.5 cents per share in cash to either 14.6 cents or 20.7 cents per share. The ultimate price will depend on the success of a clinical validation study. It is being undertaken to confirm that ResApp’s COVID-19 cough-based detection tool performs at or around the sensitivity and specificity reported in its pilot study.

The post Why Australian Clinical Labs, Lake Resources, PolyNovo, and ResApp are rising appeared first on The Motley Fool Australia.

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More reading

• 3 ASX All Ordinaries shares that have surged 300% in the past year
• These are the 10 most shorted ASX shares
• Why is the Lake Resources share price plunging 6%?
• 3 ASX All Ordinaries shares that had a terrific Tuesday
• Why is the Lake Resources share price rising 6%?

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 POLYNOVO 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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The Pilbara Minerals Ltd (ASX: PLS) share price is sliding, down by 6.2% in afternoon trade on Tuesday.

Pilbara shares have gyrated from the open, trading 10% down at one point before recovering slightly and heading sideways.

In broad market moves, the S&P/ASX 300 Metal & Mining (ASX: XMM) index is down 5.7% at the time of writing.

What’s going down with Pilbara Minerals?

There’s been no price-sensitive news out of Pilbara’s camp today. Instead, investors have likely sold the shares as part of a market-wide sell-off that’s gripped the ASX on Tuesday.

The benchmark S&P/ASX 200 Index (ASX: XJO) is down 4.4% now but was down 5% at the open.

This follows carnage in the US markets overnight, with all major indexes booking substantial losses.

This is despite the price of oil and gas pushing higher into the stratosphere.

The trading volume of Pilbara shares is already at 36.9 million with 90 minutes of trading to go. It’s flying past its four-week average of 33.06 million.

Pilbara Minerals share price snapshot

Today’s selling extends losses to 40% this year to date for the Pilbara share price, after it fell from a peak of $3.86 in January.

Since then, the Pilbara Minerals share price has made two noteworthy attempts to reach that level again — but to no avail. It’s now been trading in a descending channel since January.

The post Why is the Pilbara Minerals share price down 6% on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Which ASX lithium shares are producing and which are not?
• Here are the 3 most traded ASX 200 shares on Friday
• Down 26% in June, is it time to dig into Pilbara Minerals shares?
• Is it too late to buy ASX lithium shares?
• Here are the 3 most traded ASX 200 shares on Thursday

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 S&P/ASX 200 Index (ASX: XJO) bank shares suffered a major downturn last week, and today isn’t looking any brighter. In fact, the share prices of each of the big four banks are down between 3.8% and 4.5% on Tuesday.

But has their fall presented a buying opportunity? That’s what top broker Citi is reportedly tipping.

The broker is said to have brushed off concerns that rising interest rates could be detrimental to the housing and mortgage market.

Let’s take a closer look at why Citi believes now is a good time to snap up ASX 200 bank shares.

Citi says now is the time to snap up Aussie banks

It’s been a rough time for ASX 200 bank shares. They were battered by the Reserve Bank of Australia’s decision to lift interest rates by 0.5% last week in an effort to control inflation. And the regulator is expecting to hike rates further in the future.

This news likely had Australians’ pockets feeling lighter, but it will allow banks to reprice their mortgages.

However, higher rates can also mean more bad debts and lower housing prices. Thus, reducing the quality of a bank’s mortgage portfolio.

But Citi isn’t worried. It says now is the time to buy into ASX 200 banks, reports The Australian.

“We believe investors have re-evaluated their mortgage asset quality concerns, given the sharper than expected future cash rate trajectory,” said Citi analyst Brendan Sproules.

“This is leading to a view that many borrowers don’t have enough buffer to manage through the current environment.”

But Citi believes ASX 200 banks have likely already factored in current and upcoming interest rate hikes.

“We find that the current underwriting standards explicitly build a significant level of financial buffer, even for the most leveraged borrowers,” Sproules was quoted as saying.

“Also, we find that the banks possess material excess loan loss provisions to cushion any asset quality deterioration.”

How are ASX 200 banks performing on Tuesday?

Macquarie Group Ltd (ASX: MQG) is leading today’s downturn among ASX 200 banks. The Macquarie share price has slumped 6.2% so far today.

Meanwhile, the share prices of Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), and Australia and New Zealand Banking Group Ltd (ASX: ANZ) are down 4.2%, 4%, and 4.5% respectively.

Westpac Banking Group (ASX: WBC) is outperforming its peers with the share price falling 3.8%.

For context, the S&P/ASX 200 Financials (ASX: XFJ) index is down 3.9% at the time of writing.

The post ASX 200 bank shares tumble: Citi says time to buy appeared first on The Motley Fool Australia.

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More reading

• Is this a stock market crash for ASX 200 shares?
• ASX 200 midday update: Block and Zip crash amid market selloff
• The CBA share price is down 5%. Should investors jump on this?
• ASX 200 slumps 5% following Wall Street sell-off
• 5 things to watch on the ASX 200 on Tuesday

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. 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 BrainChip Holdings Ltd (ASX: BRN) share price has continued its slide on Tuesday.

In morning trade, the artificial intelligence technology company’s shares were down as much as 12.5% to 76.5 cents.

When the BrainChip share price hit that level, it meant it was down 31% since this time last month.

Its shares have since recovered a touch but remain down 6% at 82 cents at the time of writing.

Why is the BrainChip share price sinking?

Investors have been selling BrainChip shares today following a broad market selloff that has been felt hardest in the tech sector.

This has been particularly the case among loss-making tech shares such as BrainChip and Zip Co Ltd (ASX: ZIP). The latter is down a massive 20% this afternoon.

Remarkably, despite its recent weakness, the tech selloff in 2022, and its distinct lack of revenue, the BrainChip share price is still trading modestly higher in 2022.

As a comparison, the S&P ASX All Technology index is down 40% since the turn of the year.

Though, whether or not the company’s shares are able to hold onto these gains amid the sustained market weakness and its continued cash burn, only time will tell.

The post Why did the BrainChip share price plunge 12% today? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: Block and Zip crash amid market selloff
• Own Zip shares? CEO warned co-founder 8 months ago, ‘There are some clouds gathering on the horizon’ after Morgan Stanley meeting
• Zip share price crashes 21% to new multi-year low
• Wall Street tumbles into bear market. What does that mean for ASX 200 shares?
• Waiting to start investing in ASX shares? Today could be a brilliant time to do it

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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The Novonix Ltd (ASX: NVX) share price is struggling on Tuesday as the broader market endures a major sell-off event.

The battery technology and materials share is currently the S&P/ASX 200 Index (ASX: XJO)’s sixth worst performer.

At the time of writing, the Novonix share price is $2.80, 9.97% lower than its previous close.

For context, the ASX 200 is down 4.77% right now.

Let’s take a closer look at what’s going on with Novonix on Tuesday.

What’s going on with the Novonix share price?

Novonix shares are continuing their multi-session slide today, slumping another 10%. That leaves the company’s stock nearly 21% lower than it was this time last week.

For comparison, the company’s home sector – the S&P/ASX 200 Information Technology Index (ASX: XIJ) has slipped 10.5% in that time.

The ASX 200 tech sector is also today’s worst performer, having slumped 7.45% lower than its previous close.

Right now, Novonix is the sector’s second heaviest weight. It’s only outperforming the Block Inc (ASX: SQ2) share price, which is currently down 18.4% and trading at $89.45.

Interestingly, the market hasn’t heard price-sensitive news from Novonix since late last month. Then, the company announced the retirement of a key board member.

Today’s dip included, the Novonix share price is 77% lower than its 52-week high of $12.47, inked in December.

It’s also 73% lower than it was at the start of 2022 and 23% higher than it was this time last year.

The post Novonix share price tumbles 10% amid Tuesday’s carnage appeared first on The Motley Fool Australia.

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More reading

• 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
• Do Novonix shares pay dividends?
• Why are ASX 200 tech shares having such a cracking 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 positions in and has recommended Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. 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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