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The Beach Energy Ltd (ASX: BPT) share price lifted to its highest point in more than a year on Thursday.

The gain likely followed news the price of oil traded at its highest point since March’s 13-year high overnight.

At the time of writing, the Beach Energy share price is $1.90, 1.34% higher than its previous close.

However, it reached a new 52-week high of $1.91 earlier today – representing a 1.87% gain. That marks its highest point since January 2021.

Making its gains even more impressive is the broader market’s lacklustre performance. The S&P/ASX 200 Index (ASX: XJO) is currently down 1.22% while the All Ordinaries Index (ASX: XAO) has slumped 1.26%.

Let’s take a closer look at what’s going on with the Beach Energy share price on Thursday.

What’s driving the ASX 200 energy stock higher today?

The Beach Energy share price leapt to a new 52-week high today amid rising oil prices.

The Brent crude oil price lifted 2.5% to US$123.58 a barrel overnight. Meanwhile, US West Texas Intermediate crude price rose 2.3% to US$122.11 a barrel.

That’s likely helping the broader S&P/ASX 200 Energy Index (ASX: XEJ) on Thursday. It’s one of only two sectors in the green today, having gained 0.88% at the time of writing.

Shares in Beach Energy’s fellow energy sector constituents Woodside Energy Group Ltd (ASX: WDS) and Worley Ltd (ASX: WOR) also lifted to their highest point in more than 12-month today.

Rising oil prices came as demand in the United States (US) continued to soar amid concerns China’s demand could increase as lockdowns ease, reports Reuters.

The publication also stated tensions between the US and Iran have risen as negotiations over the latter’s nuclear program appear to turn sour. That means sanctions on Iranian oil could remain in place and the market will continue to be tighter than it otherwise would.

Beach Energy share price snapshot

Today’s gains included, the Beach Energy share price is 44.6% higher than it was at the start of 2022.

It has also gained 38.3% since this time last year.

The post What’s driving the Beach Energy share price to a new 52-week high today? appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Magellan rebounds, Crown’s takeover boost
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• 3 ASX 200 energy shares cracking new 52-week highs on Monday
• What’s on the cards for the Beach Energy share price in June?

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 Woodside Energy Group Ltd (ASX: WDS) share price is bouncing again today despite oil price speculation.

The energy company’s shares are currently trading at $35.40, a 1.9% gain. In contrast, the S&P/ASX 200 Index (ASX: XJO) is falling 1.1% today. It’s the seventh trading day in a row the Woodside share price has been in the green.

So why is Woodside climbing higher today?

Oil prices rise

Woodside shares are outperforming fellow ASX oil and gas producers Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) today. The Beach Energy share price is up 1.2%, while the Santos share price is falling 0.7%. The S&P/ASX 200 Energy Index (ASX: XEJ) is lifting by 0.8% today.

Brent crude oil prices are up 0.3% to US$123.95 a barrel, while WTI crude oil is up 0.21% to US122.37 a barrel, according to Bloomberg. However, overnight, oil jumped nearly 3% to a 13-week high amid rising US gasoline demand. Gas prices have also fallen 5% to US$8.25 MMBtu.

Woodside CEO Meg O’Neill, in an appearance on Bloomberg today, predicted oil prices will pull back from the current highs in the long term. Brent crude oil has soared 71% in the past year and 22% in the past month, Trading Economics data shows.

O’Neill said oil prices are “a pretty hard crystal ball to read”. But she said it’s important to look through short-term volatility to long-term health of the market. She told Bloomberg:

We do expect oil prices will come off these highs, but obviously the near-term factors are continuing to be tight and supply is continuing to be tight.

Obviously we’ve got immediate volatility with Russia’s invasion of Ukraine and the strengthening of sanctions. But we’ve got countering factors like OPEC increasing its production. We look through over the long term to what we think global economic growth will look like.

O’Neill said she expects oil prices to “remain high” for the period, but the long-term investment decision-making will have a “bit more sober price outlook”. She said:

One of the things that is going to challenge the industry is that we’ve been underinvesting for the past few years.

So we do need to continue with investment and that will take a bit of time. It will take more time to get new wells online and for the sorts of developments that Woodside does, which are largely offshore deep water that takes years.

Woodside share price snapshot

The Woodside share price has jumped nearly 50% in the past year, while it’s up 61% year to date.

For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) has returned about 31% in the past year.

Woodside has a market capitalisation of more than $67 billion based on the current share price.

The post Woodside share price soars again despite CEO forecasting oil prices will pull back appeared first on The Motley Fool Australia.

More reading

• 3 ASX 200 shares rocking new 52-week highs on Thursday
• ASX 200 midday update: Magellan rebounds, Crown’s takeover boost
• 5 things to watch on the ASX 200 on Thursday
• Why is the Woodside share price flying higher today?
• Why are ASX 200 energy shares jumping today?

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 Adairs Ltd (ASX: ADH) share price has continued its slide and hit a new two-year low this afternoon.

The furniture and homewares retailer’s shares are currently down almost 4% to $1.98.

This means the Adairs share price is now down 20% in the space of a month.

Is the Adairs share price weakness a buying opportunity?

While it is impossible to say when the company’s shares will finally reach a bottom, one leading broker is likely to see the recent weakness as a buying opportunity.

A note out of Morgans reveals that its analysts have an add rating and $3.50 price target on the company’s shares.

Based on the current Adairs share price, this implies potential upside of over 75% for investors over the next 12 months.

But it gets better. At present, Morgans is forecasting fully franked dividends of 19 cents in FY 2022 and 26 cents in FY 2023. This implies yields of 9.6% and 13.1%, respectively, over the two financial years.

What is the broker saying about Adairs?

According to the note, Morgans acknowledges that Adairs’ first half performance was impact by COVID disruptions.

However, it expects things to improve in the second half and remains positive on the company’s outlook. This is due to its Focus on Furniture acquisition, the Mocka business’ omni-channel strategy, and the new national distribution centre (NDC).

It said:

In FY23, we expect Focus to have bedded down and to have started a strategy of improving store economics while expanding its footprint. We expect the NDC to be up and running and delivering efficiencies. We expect Mocka to be making its first steps towards an omni-channel strategy.

These factors underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple.

Though, it is worth noting that the broker concedes that there are risks to its estimates. These risks include a faster-than-expected downturn in consumer spending on furniture and homewares and the failure to achieve the rollout of Focus stores. Something to consider given rising inflation and interest rates.

The post Down 20% in a month: Top broker tips 75% upside for the Adairs share price appeared first on The Motley Fool Australia.

More reading

• What’s on the horizon for the Adairs share price in June?
• 2 ASX dividend shares that experts are tipping as buys right now
• Why was May such a shocker for the Adairs share price?
• 3 high-quality ASX 300 shares trading at 52-week lows today
• 3 key reasons why I think the Adairs share price is a buy

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. The Motley Fool Australia has positions in and has recommended ADAIRS FPO. 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 another day, and another swing for the S&P/ASX 200 Index (ASX: XJO) so far this Thursday. After yesterday’s gains, the ASX 200 has slipped once more today and is currently down by a nasty 0.93% at the time of writing to around 7,050 points.

But rather than letting that get us down, let’s instead take a look at the shares that are currently sitting at the top of the ASX 200’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Westpac Banking Corp (ASX: WBC)

Once again, big four ASX 200 bank Westpac makes the list today at the number three position. So far this Thursday, a notable 10.45 million Westpac shares have changed hands. 

This appears to be the result of another big fall for the Westpac share price. The big four bank is currently down by a painful 3.66% to $21.18 at the time of writing after nearly slipping below $21 earlier in today’s trading.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is next up today. This ASX 200 lithium producer has had a sizeable 11.35 million shares trade on the open market so far. Like with Westpac, this seems to be a consequence of a big share price movement.

And like Westpac, it is a negative one. Pilbara shares have been hit hard today. This lithium stock is currently down a depressing 4.55% at $2.31 a share. It’s this big fall that has almost certainly resulted in this elevated trading volume.

Telstra Corporation Ltd (ASX: TLS)

From PLS to TLS! ASX 200 telco Telstra is our final and most traded share of the day as it currently goes. This Thursday’s session has seen a hefty 13.7 million Telstra shares change owners thus far. With Telstra, we have seen some significant volatility today. The telco took a big plunge after market open down to $3.85 a share. 

However, over the rest of the day, Telstra has recovered slightly, and at one point broke even. As it currently looks, Telstra is down by 0.26% at $3.88 a share. It’s this bouncing around that has probably resulted in Telstra topping today’s ASX 200 volume charts.  

The post Here are the 3 most traded ASX 200 shares on Thursday appeared first on The Motley Fool Australia.

More reading

• Can the Pilbara Minerals share price recover from a 28% loss this year?
• Broker tips 2 ASX 200 dividend shares with major upside AND juicy yields
• Why Appen, Cleanaway, Syrah, and Westpac shares are dropping
• Westpac share price slides again and is now down 12% this week
• What exactly is going on with ASX 200 bank shares and the RBA rate rise?

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 Australia has recommended 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 CSL Limited (ASX: CSL) share price is in the green on Thursday despite the broader market’s struggles.

At the time of writing, shares in the healthcare giant are trading for $272.33, 0.53% higher than their previous close.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has tumbled 1.12%, and the All Ordinaries Index (ASX: XAO) has slipped 1.17%.

Let’s take a look at what might be helping CSL’s stock to dodge today’s carnage.

What’s buoying the CSL share price?

The CSL share price is outperforming on Thursday, as is its home sector – the S&P/ASX 200 Health Care Index (ASX: XHJ).

The health care sector has spent much of the day in the green but has just edged into the red by 0.06%.

And CSL isn’t the sector’s best performer.

It’s being beaten by ASX 200 staple Ramsay Health Care Limited (ASX: RHC). The stock is boasting a 0.71% gain right now.

Though, it’s not all sunshine for the healthcare sector on Thursday.

The Clinuvel Pharmaceuticals Limited (ASX: CUV) share price is plunging 5.97%, making it one of the worst performers on the ASX 200.

Despite today’s gains, the CSL share price is still 8.18% lower than it was at the start of 2022. That’s compared to the ASX 200’s 7.22% year-to-date slip.

Meanwhile, the healthcare index has plummeted 12.22% this year so far.

The post Why is the CSL share price defying today’s sell-off? appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy today
• 2 ‘quality defensive’ ASX shares to see out rising interest rates: Wilsons
• The CSL share price has at least 20% upside: top brokers
• 3 ASX shares to buy now (and one bonus): fund manager
• Brokers name 3 ASX shares to buy 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 positions in and has recommended CSL Ltd. The Motley Fool Australia has recommended Ramsay Health Care 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 Qantas Airways Ltd (ASX: QAN) share price is hitting some turbulence today, down 4.0%.

Qantas shares closed yesterday at $5.43 and are currently trading for $5.21.

So, what’s going on?

Airports’ peak contingency plans engaged

The Qantas share price isn’t the only one falling today.

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is down 0.9%. Meanwhile, fellow ASX 200 travel share Flight Centre Travel Group Ltd (ASX: FLT) is down 5.3%, while Webjet Ltd (ASX: WEB) has lost 1.6%.

The Australian travel sector looks to be following the lead of US markets. Yesterday (overnight Aussie time), American Airlines Group Inc (NASDAQ: AAL) fell 3.2%, while United Airlines Holdings Inc (NASDAQ: UAL) tumbled 4.0%.

The Qantas share price is also slipping amid news that management has asked front office staff from the Sydney headquarters to roll up their sleeves and pitch in to help its overworked ground handling crews.

With a strong rebound in domestic travel numbers and international travel also beginning to tick higher, the airline is finding itself short-staffed in the wake of its pandemic workforce reductions.

As Bloomberg reports, an internal email sent by Qantas’ budget airline division, Jetstar, said, “We need your help,” adding that the request was part of its Airports Peak Contingency Plan.

According to the email, the airline is facing the most labour shortages in Melbourne, Sydney and Brisbane. But office workers volunteering to help out could find themselves in the other airports as well to assist with finding lost luggage or help laggards get through the lengthy security lines to make their flights.

Qantas issued a similar request to its front office staff over the Easter holidays as travel numbers peaked.

Qantas share price snapshot

Despite today’s sharp fall, the Qantas share price remains up 1.2% in 2022.

Over the past 12 months, Qantas shares have gained 8.3%, well outpacing the 3.0% one-year loss posted by the ASX 200.

The post ‘We need your help’: What’s dragging on the Qantas share price today? appeared first on The Motley Fool Australia.

More reading

• Qantas share price lifts amid ACCC decision
• Could a lack of pricing power drag on Qantas shares in 2022?
• Top broker tips 20% upside for Qantas share price
• What’s happening to the Qantas share price this week?
• Here’s what’s impacting the Qantas share price on Thursday

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 and Webjet 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 Pilbara Minerals Ltd (ASX: PLS) share price has nosedived in the last few weeks and is currently sinking 4.55% today to a six-month low of $2.31. It is now down 27.81% this year to date.

Lithium stocks were hammered last week following a bearish note from Goldman Sachs on the outlook for battery metals’ demand and the electric vehicle (EV) space. It declared “the battery metals bull market is over”.

Those at Goldman forecasted a 2023 lithium price of US$16,372 per tonne, a huge plunge from the US$70,994/tonne lithium carbonate currently trades at.

Downgrade felt for Pilbara Minerals share price

While the Pilbara Minerals share price fell, it wasn’t alone. Numerous lithium players realised a segment-wide sell-off that resulted in heavy losses for miners and others positioned along the value chain.

Nevertheless, investors were quick to price in the revised outlook from Goldman.

Analysts at Credit Suisse followed suit, noting lithium prices could peak “[within] the next few months” amid shifting demand-supply mechanics.

The JP Morgan team were on the opposite side of the coin just a week earlier in its examination of the lithium sector.

“We remain positive on the lithium market with an expected near-term deficit that should be supportive of prices,” it wrote in a note to clients.

Pilbara fires back

Meanwhile, incoming Pilbara CEO Dale Henderson said that “it’s a fairly bold call to say the peak has occurred, and the downhill trend will start within this calendar year,” reported The Australian Financial Review.

Instead, Henderson said the outlook was in fact “very positive”, adding that “in Goldman’s report they support strong demand, but that strong supply is coming on foot”.

“Of course that supply is coming, the question is when[?]”

Nevertheless, the downward revision was enough to spell a downgrade from Credit Suisse to neutral. However, Barrenjoey Markets upped its rating to neutral last week.

That’s supported by Macquarie, and around 50% of other analysts saying the Pilbara Minerals share price is a buy right now, according to Bloomberg data. The remainder say it’s a hold.

Despite recent turbulence, the Pilbara Minerals share price has held onto a 70% gain these past 12 months.

The post Can the Pilbara Minerals share price recover from a 28% loss this year? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Wednesday
• Why Macquarie still sees ‘material upside’ for ASX lithium shares
• Here are the 3 most traded ASX 200 shares on Tuesday
• How is the Pilbara Minerals share price performing against its sector in 2022?
• Here are the 3 most traded ASX 200 shares on Monday

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Goldman Sachs. 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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The Novonix Ltd (ASX: NVX) share price has continued its slide on Thursday.

In afternoon trade, the battery technology company’s shares were down 4% to a 10-month low of $3.17.

When the Novonix share price hit that level, it was down a massive 75% from its 52-week high of $12.47.

What’s going on with the Novonix share price?

The weakness in the Novonix share price today has been driven by broad market weakness, which is being felt hardest among higher risk shares.

For example, battery materials producers Liontown Resources Limited (ASX: LTR) and Pilbara Minerals Ltd (ASX: PLS) are both down over 4% on Thursday.

But what about its larger decline?

The catalyst for the 75% decline for the Novonix share price from its 52-week high appears to be valuation concerns.

After all, with a total of ~486 million shares outstanding, when its shares were fetching $12.47, it implied a market capitalisation of over $6 billion.

For context, that’s more than both AGL Energy Limited (ASX: AGL) and Bank of Queensland Limited (ASX: BOQ) despite Novonix generating only modest revenue of US$6.4 million during the first three quarters of FY 2022.

With Novonix’s market capitalisation now standing at ~$1.6 billion, it is looking more reasonable. However, the market may want to see a major uptick in its revenue before the buyers come flooding back in.

The post Novonix share price slips to 10-month low amid Thursday’s sell-off appeared first on The Motley Fool Australia.

More reading

• 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?
• Why did the Novonix share price tumble 22% in May?
• These were the worst performing ASX 200 shares in May

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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June has been a rough month so far for the S&P/ASX 200 Index (ASX: XJO), but not all the shares that call it home have suffered.

While the index has crashed 2.18% since the end of May, these ASX 200 shares have enjoyed upwards momentum.

Let’s take a look at what’s driving them to 52-week highs on Thursday.

3 ASX 200 shares hitting 12-month highs today

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is in the green once more on Thursday, gaining 2.6% at its highest point. That saw the ASX 200 share trading at a new post-pandemic high of $35.66.

Its surge is likely due to rising oil prices. The Brent crude oil price lifted 2.5% overnight to reach US$123.58 a barrel. Meanwhile, the US West Texas Intermediate crude price gained 2.3% to hit US$122.11 per barrel. Their gains represent a new 13-week high for the commodity.

Oil prices gained amid demand for petrol in the US and concerns that China’s demand for oil could increase, reports Reuters.

Worley Ltd (ASX: WOR)

Woodside’s fellow ASX 200 energy share Worley is likely in the green for the same reason.

The Worley share price rose 1.9% to its new 52-week high of $15.69 today. That’s its highest point since January 2020.

Crown Resorts Ltd (ASX: CWN)

Finally, the ASX 200’s Crown saw its share price lift to a new 52-week high of $13.02 on Thursday. That represents a 2.1% gain on Wednesday’s close.

Its gains come on the back of news of Blackrock’s takeover of the casino giant.

Today, Crown announced that both the Victorian Gambling and Casino Control Commission and New South Wales Independent Gaming and Liquor Authority have given the $8.9 billion takeover the tick of approval.

The ASX 200 staple’s acquisition now only needs the ‘okay’ of the Western Australian gaming regulator and the Federal Court before it can be passed.

The post 3 ASX 200 shares rocking new 52-week highs on Thursday appeared first on The Motley Fool Australia.

More reading

• Why Boss Energy, Crown, Magellan, and Shaver Shop shares are rising
• ASX 200 midday update: Magellan rebounds, Crown’s takeover boost
• Why is the Crown share price beating the ASX 200 today?
• 5 things to watch on the ASX 200 on Thursday
• Why is the Woodside share price flying higher 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 Cleanaway Waste Management Ltd (ASX: CWY) share price has been in the red all day following news of a disruption to the company’s operations in Victoria.

The waste management’s shares are trading 2.60% lower at $2.82 at the time of writing.

The drop coincides with bearish sentiment on the S&P/ASX 200 Industrials Index (ASX: XNJ) and the S&P/ASX 200 Index (ASX: XJO), which are down 1.23% and 0.85%, respectively.

Let’s take a look at the news out of Cleanaway on Thursday.

Cleanaway suffers another setback

Investors are offloading Cleanaway shares following the company’s announcement that its operations have been disrupted.

In today’s release, Cleanaway advised that a fire broke out yesterday at its medical waste processing facility in Dandenong, Victoria.

While no Cleanaway staff or contractors were hurt, the fire “caused significant damage to the equipment at the site”. As a result, the company said the Health Services business unit would be disrupted for an unspecified period of time.

Management is looking at ways to treat and dispose of medical waste that would usually be handled at the site. This includes temporary licence approvals to process medical waste at other Cleanaway facilities as well as disposal with third parties.

Cleanaway estimates the disruption will impact earnings before interest, tax, depreciation, and amortisation (EBITDA) by roughly $2 million to $3 million each month. While this is a preliminary forecast, the company expects to provide a clearer picture of the financial toll when available.

Unfortunately, this will further dampen Cleanaway’s balance sheet after the company provided a disappointing trading update in early May.

Previously, Cleanaway stated that EBITDA would already be $15 million to $20 million lower than its prior guidance. This is due to higher fuel and labour costs, and the recent east coast floods which caused property damage along with loss of vehicles and equipment.

About the Cleanaway share price

Since the start of the year, the Cleanaway share price has moved in circles to register a loss of 10%.

The company’s shares touched a 52-week high of $3.31 in April before reversing its year-to-date gains.

Cleanaway commands a market capitalisation of around $5.8 billion, with approximately 2 billion shares outstanding.

The post Why is the Cleanaway share price heading south today? appeared first on The Motley Fool Australia.

More reading

• Why Appen, Cleanaway, Syrah, and Westpac shares are dropping

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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