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ASX growth shares could be smart opportunities in February 2022. Plenty of businesses have seen declines since the start of the year.

If businesses keep growing at an attractive pace, then lower prices can mean the ASX share is better value.

But, experts have been looking at the potential opportunities and have rated these two as buys:

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is an ASX growth share that is liked by several brokers, including UBS which has a price target of $12.20 on the company. That implies a potential increase of the Temple & Webster share price by around 50% this year.

The broker thinks that the company will be one of the beneficiaries as more people do their shopping for homewares and furniture online. Management says that the business-to-consumer market for furniture and homewares is worth $16 billion, with less than 9% of that sold online. This equates to $1.1 billion to $1.4 billion sold online.

UBS thinks that Temple & Webster can continue to grow with both its existing client base as well as through winning new customers. The FY21, the number of active customers increased by 62% year on year to 778,000. FY21’s revenue per active customer increased 12% because of customers repeat buying more often and spending more when they do.

The company is regularly expanding its product range and service offering for customers. For example, it’s working on its private label program which saw its share of revenue grow from 19% to 26%. It also has a highly-rated app as well as an AI interior design service which helps make shopping easier and allows customers to visualise products.

City Chic Collective Ltd (ASX: CCX)

This ASX growth share is a leader in the retail of clothes, apparel and footwear for plus-size women.

It operates through a number of different brands including City Chic, Avenue and Evans.

The business is currently rated as a buy by the broker UBS with a price target of $6 – that’s around 10% higher than where it is today.

UBS has noted a number of positives from a recent trading update from City Chic.

For the 26 weeks to 26 December 2021, sales soared by 49.8% to $178.3 million despite the impact of store closures.

The company said that revenue growth has been supported by the strategic investment in inventory to proactively manage the risks associated with global supply chain volatility. City Chic’s “strong” inventory position supported sales growth in the US and Australia through the critical Black Friday and Christmas trading.

The active customer base rose 23% to 1.32 million and website traffic rose 22% to 70.6 million.

The ASX growth share thinks that the strong performance in the USA shows the potential to capture and grow its share of international markets, with total Americans revenue rising 62% to $77.2 million.

City Chic said that the global opportunity for the company is stronger than ever and it continues to experience growing customer demand across its multi-channel offering.

The post 2 ASX growth shares to buy this month: experts appeared first on The Motley Fool Australia.

More reading

• Watch out! These 4 ASX shares have been tipped to disappoint during earnings season
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• 2 ASX shares that could be great buys in February 2022
• 2 small cap ASX shares with a lot of potential: experts

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. owns and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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While the Westpac Banking Corp (ASX: WBC) share price has been performing better this month, it is still down materially from its highest levels.

This has been caused by concerns over margin pressures, its cost cutting plans, and ultimately fears that its shares could be a value trap.

A value trap is a share that is trading at such low levels that it appears to be dirt cheap when in fact it is being accurately priced by the market.

Is the Westpac share price a value trap?

According to the team at Morgans, its analysts believe the bank’s first quarter update demonstrates that the Westpac share price isn’t a value trap.

Morgans commented: “We believe the trading update supports the view that the challenges facing WBC are not unsurmountable and that the stock should not be priced like a value trap. We believe the update particularly serves to alleviate investor concerns around the cost outlook.”

According to the note, the broker has retained its add rating and $29.50 price target on the shares of Australia’s oldest bank. Based on the current Westpac share price, this implies potential upside of 37% over the next 12 months.

What did Morgans say?

Although Morgans acknowledges that Westpac’s net interest margin (NIM) is falling, its analysts aren’t overly concerned. Particularly given their belief that competition in home loans will ease as rates rise.

Its analysts explained: “With the RBA’s announcement that its bond purchase program will end on 10 February 2022 and with prospects of rising interest rates, we believe there are growing prospects of normalisation in basis risk which we generally expect to hit the NIMs of non-bank lenders harder than the NIMs of banks. We consequently see diminishing ability of the non-bank lenders to compete on price and we see potential for the prevailing fierce competition in the variable rate home loans space to abate.”

In addition, the broker remains confident that Westpac can achieve its target of an $8 billion cost base by FY 2024.

It commented: “WBC’s FY21 result led to increased investor scepticism about the outlook for operating expenses and the ability of WBC to achieve its $8bn cost target by FY24. We believe today’s trading update will serve to alleviate some of this scepticism. 1Q22 operating expenses (excluding notable items) are broadly in line with our expectation. Expenses reduced 7% from 2H21 to 1Q22 on a run-rate basis. Including notable items, operating expenses reduced 26% over this period.”

All in all, Morgans believes this makes the Westpac share price great value at the current level.

The post Here’s why the Westpac (ASX:WBC) share price isn’t a value trap appeared first on The Motley Fool Australia.

More reading

• Expert tips 3 leading ASX 200 shares to buy on the dip
• ANZ (ASX:ANZ) share price on watch following first quarter update
• Is the Westpac (ASX:WBC) share price too cheap to ignore?
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• Brokers name 3 ASX shares to buy today

Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. 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 Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The GQG Partners Inc (ASX: GQG) share price is launching higher today amid the company’s appearance in the media and its latest funds under management announcement.

As of 31 January, the asset management firm had US$91.3 billion of unaudited funds under management. That’s 0.1% more than at the end of December.

Meanwhile, the firm’s co-founder, chief investment officer and chair Rajiv Jain told the Australian Financial Review (AFR) it’s selling out of tech stocks in favour of other sectors.

At the time of writing, the GQG Partners share price is $1.74, 6.75% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) has dipped 0.06% today, while the All Ordinary Index (ASX: XAO) has slipped 0.13%.

What’s driving the GQG Partners share price on Monday?

The GQG Partners share price is strengthening today. Meanwhile, Jain has told the AFR the firm is selling down its exposure to tech shares as he predicts growth in the sector has slowed.

While the firm reportedly “underperformed a little” in 2021 following the shift, Jain was committed to “danc[ing] when the party’s on.”

“[O]ur view is you can’t wait til the music stops; you’ve got to make some preparations,” he was quoted as saying. “Technology is no longer the next growth spot; it’s yesterday’s growth spot.”

The firm’s step away from tech shares has reportedly allowed it to invest more into base metals, utilities, healthcare, and staples.

Though, Jain is bullish on the energy sector, believing it to be a key contributor to the future of the energy transition.

Additionally, the firm has reportedly increased its exposure to emerging markets, excluding China.

He mentioned underpinnings in markets such as Brazil, India, Indonesia, Mexico, and Russia are “mostly on the positive side.” Though, he noted current political tensions pose risks to such investments.

“These emerging markets have struggled for almost a decade, so currencies have already gone down, interest rates over the past year and a half have already gone up.”

How much the firm underperformed by in 2021 is yet to be seen. GQG plans to release its results for the 12 months ended 31 December on 25 February.

How has GQG Partners performed since its IPO?

GQG Partners debuted on the ASX in late October following a $1.2 billion initial public offering (IPO).

Its funds under management have increased 6% since 31 September 2021 – the last update prior to its IPO.

Unfortunately, its share price hasn’t been so successful. Since listing, the GQG Partners share price has slumped 11%.

It’s also currently 13% lower than its prospectus’ offer price of $2 per share.

The post ‘You can’t wait til the music stops’: Why is the GQG share price leaping 6% today? appeared first on The Motley Fool Australia.

More reading

• Got money to invest for dividends? Here are 2 ASX shares that could be buys
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• Is the GQG (ASX:GQG) share price a buy in this volatility?
• Goldman Sachs names GQG Partners (ASX:GQG) shares as a buy with 32% upside

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 Bruce Jackson.

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The Bitcoin (CRYPTO: BTC) price is up 3% since this time yesterday, currently trading for US$42,753 (AU$59,108).

That puts the world’s biggest crypto by market cap up 16% in the past 7 days. Though even with that rally, the Bitcoin price remains down 10% year-to-date and down 38% from its 10 November all-time-highs.

Still, the past week’s rally will come as welcome news to crypto investors.

And it’s not just the Bitcoin price shaking off the steep falls from January.

Ethereum (CRYPTO: ETH) is up 22% over the past 7 days.

And leading altcoin Solana (CRYTPO: SOL) is up 31% in that same time.

Though, Ethereum and Solana are also both still deep in the red for the year and well off their own record highs.

Bitcoin price strength fuels gains amongst altcoins

The wider crypto market looks to be getting a boost as investors’ risk appetite appears to be staging a comeback following January’s retreat.

While high growth shares, like many tech stocks, haven’t broadly come roaring back, the selloff has abated.

And altcoins (which refers to any digital token aside from Bitcoin) look to be reaping some of the biggest benefits.

As CoinDesk notes, “The rise in altcoins relative to bitcoin could reflect a greater appetite for risk among crypto investors.”

According to Alex Kuptsikevich, an analyst at FxPro, “Since late last year, there has been a continuing trend that even bitcoin’s calming is enough for altcoins to return to growth and outperform the first cryptocurrency.”

And with the Bitcoin price marching higher, many altcoins are delivering outsized gains.

Keep an eye on the pace of rate rises

Bitcoin, and most altcoins outside of the stablecoins, have proven to be sensitive to interest rate perceptions.

Indeed, on Friday the Bitcoin price slid into the red for a few hours following the release of unexpectedly strong employment figures out of the United States. Forward looking estimates for US labour markets were also revised upwards.

With unemployment tracking to the downside of expectations, the risk of more rate rises from the world’s top central bank increases.

According to Edward Moya, senior market analyst at Oanda (quoted by CoinDesk), “Bitcoin’s initial knee-jerk reaction to the shockingly strong nonfarm payroll report was weakness.”

Moya added that the Bitcoin price has since “managed to stabilise despite rising inflationary pressures that continue to push global bond yields higher”.

The post Bitcoin price rally fuels outsized gains amongst top altcoins appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and recommends Bitcoin and Ethereum.  The Motley Fool Australia owns and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) has recovered from a morning decline and is edging higher. In afternoon trade, the benchmark index is up slightly to 7,122 points.

Four ASX shares that have been unable to follow the market higher today are listed below. Here’s why they are falling:

Appen Ltd (ASX: APX)

The Appen share price is down 5% to $8.99. This is despite there being no news out of the artificial intelligence data services company. However, as I pointed out here at the weekend, concerns over demand for its offering due to Meta’s weak result and new developments in data labelling could be weighing on investor sentiment.

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The ANZ share price is down over 2% to $26.52 following the release of its first quarter update. Although the banking giant didn’t provide the market with financials, it revealed that a poor performance for its Markets business in October is expected to impact its first half revenue. In addition, ANZ revealed that its net interest margin (NIM) fell 8 basis points during the quarter. This was greater than many were expecting.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 10.5% to $16.56 after the release of two announcements this morning. The first revealed another disappointing funds under management performance and the second advised that its Chairman and Chief Investment Officer, Hamish Douglass, is taking a leave of absence. This follows “a period of intense pressure and focus on both his professional and personal life.”

REA Group Limited (ASX: REA)

The REA share price is down 3.5% to $138.62. This follows the release of a number of broker notes this morning responding to the property listings company’s first half results. Those notes have seen a number of brokers cut their price targets on REA. This includes Morgans, which has retained its hold rating and cut its price target to $156.25.

The post Why Appen, ANZ, Magellan, and REA shares are falling appeared first on The Motley Fool Australia.

More reading

• Leading brokers name 3 ASX shares to buy today
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• ANZ (ASX:ANZ) share price sinks as top analysts respond to its Q1 update
• ASX 200 (ASX:XJO) midday update: ANZ disappoints, Magellan shares crushed
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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. owns and has recommended Appen Ltd. The Motley Fool Australia owns and has recommended Appen Ltd. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Weekend Sunrise on Sunday to discuss the RBA’s challenge to decide what’s best for the economy – higher rates, or lower for longer.

The post The case for – and against – higher interest rates. Scott Phillips on Weekend Sunrise appeared first on The Motley Fool Australia.

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Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) fell as much as 1.0% in morning trade today.

Since then, the ASX 200 has been forging its way higher, currently down 0.02% on Friday’s close.

It seems many top companies are under pressure amid this year’s increasing volatility. And there looks to be more to come.

According to Shaw and Partners’ senior investment advisor Jed Richards, if the US Federal Reserve raises interest rates next month, as is widely expected, ASX 200 investors can expect more big price swings.

Below we look at 3 top shares where Richards sees opportunity in 2022.

3 leading ASX 200 shares to buy on the dip

The first ASX 200 company where Richards sees opportunity is BHP Group Ltd (ASX: BHP).

As The Australian reports, Richards says the upcoming interest rate rises in the US will likely lower the value of the Aussie dollar. As most of the iron ore mining giant’s exports are priced in US dollars, this will help lift BHP’s profits.

Richards recommends buying BHP under $46 per share. It’s currently trading for $47.47 per share.

Next, he points to Westpac Banking Corp (ASX: WBC). Like the other ASX 200 banks, higher interest rates should see Westpac’s margins increase.

According to Richards:

Banks make more money when interest rates rise, and I prefer Westpac because of their high exposure to the residential mortgage market. Anything under $20 would be a good buying opportunity.

The Westpac share price currently stands at $21.60.

The third ASX 200 share Richards believes will see significant share price upside over the next 1-2 years is biotech giant CSL Ltd (ASX: CSL).

With the share price down following capital raisings, Richards says, “The share price is weak at the moment at $256… I think we will see $340 within a year or two.”

At time of writing, CSL shares are trading for $255.59.

How have these 3 companies been performing?

The 3 ASX 200 companies listed above have performed quite differently so far in 2022.

Year-to-date, the CSL share price is down 12%, Westpac shares are 1.12% in the green, and BHP shares are up 14%.

By comparison, the ASX 200 is down around 6% since the opening bell on 4 January.

The post Expert tips 3 leading ASX 200 shares to buy on the dip appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. 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 Bruce Jackson.

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Motley Fool Australia Chief Investment Officer Scott Phillips joined Peter Overton on Nine’s Late News on Sunday night to discuss the big economic week ahead, including the release of business and consumer confidence figures, more ASX earnings, and a speech from the RBA governor.

The post The week ahead: Confidence, ASX earnings, tech in focus. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Scott Phillips owns Alphabet (C shares) and Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Block, Inc., and Meta Platforms, Inc. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, and Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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As most investors would know, the past month or two hasn’t exactly been kind to the S&P/ASX 200 Index (ASX: XJO) and ASX shares. As it currently stands, the ASX 200 remains down a rather depressing 6.44% so far in 2022, and 6.9% down from its last peak of 7,632.8 points that we saw last August.

But it was even worse for ASX shares just a week or two ago. Back on 27 January, the ASX 200 fell as low as 6,838.3 points. That represents a 10.4% drop from the past record high. And that meant that the ASX 200 was officially in correction territory. A correction is the arbitrary term for a 10% or greater drop from the most recent all-time high.

But while the ASX 200 has now recovered from its correction, there are a couple of ASX exchange-traded funds (ETFs) that are still very much in correction territory. Let’s take a look…

2 ASX ETFs in correction territory today

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

This tech-focused ETF from BetaShares is one. ASIA is a fund that invests in a basket of tech shares that are domiciled across Asia. A plurality of its holdings (43.9%) hail from the People’s Republic of China. But other countries such as Singapore, Taiwan, South Korea and India are also represented. You’ll find names like Taiwan Semiconductor Manufacturing Co, Samsung, Tencent, JD.com and Alibaba here.

Until early 2021, this ETF had been on a very impressive run. But more recently, ASIA units have been battered by the market’s distaste for tech shares, as well as concerns over investing in Chinese companies. Since its last all-time high of $14.36 that we saw back in February last year, BetaShares Asia Technology Tigers units have fallen by a nasty 35% or so, going off of the $9.02 they are trading at today. That’s well over correction territory.

ETFs FANG+ ETF (ASX: FANG)

The ETFs FANG+ ETF is another ASX fund that has seen its units enter a correction in recent months. This ETF from ETF Securities is a relatively concentrated ETF that only holds 10 underlying companies. These (as the name suggests) are taken primarily from the United States FANG stocks. FANG (or FAANG) is the collective name of Facebook, now Meta Platforms Inc (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon.com Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX) and Google, now Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL). Its other holdings include Microsoft Corporation (NASDAQ: MSFT) and Tesla Inc (NASDAQ: TSLA). As well as the Chinese companies Alibaba and Baidu Inc.

Since last peaking at over $19 a unit in November last year, FANG is now in a correction since its unit price is today at $16.23 – a good 14.8% away from that high. We can probably apportion a lot of the blame for this fall at Meta Platform’s feet. Meta dropped a whopping 26% or so last week after fronting up with a disappointing quarterly earnings report. It’s now down 30% year to date in 2022 so far.

The post Why these 2 ASX ETFs are in major correction territory appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the volume charts this Monday
• ASX 200 (ASX:XJO) midday update: ANZ disappoints, Magellan shares crushed
• 2 ASX 200 shares that could make it rain dividends: experts
• Could IAG (ASX:IAG) shares become suddenly sexy amid rising interest rates?
• ‘Plenty of bargains’ following ASX tech shares sell-off: expert

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen owns Alphabet (A shares), Meta Platforms, Inc., and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Meta Platforms, Inc., and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended JD.com. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, BetaShares Asia Technology Tigers ETF, JD.com, Meta Platforms, Inc., and Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) has started the week off on a rather shaky footing. At the time of writing, the ASX 200 has dipped back into negative territory at 7,120 points (down 0.07%) after spending most of the morning in the red.

But rather than trying to figure that out, let’s instead have a look at the ASX 200 shares that are topping the share market’s volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume so far on Monday

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is the first share up this Monday. So far, a notable 10.53 million Telstra shares have traded on the share market today. There hasn’t been much news out of this company that might explain this move though. So let’s check out what the Telstra share price is up to.

As it stands currently, Telstra shares are currently down 0.37% at $4.04 a share after going as low as $3.99 earlier this morning. It’s likely that this move is responsible for Telstra’s presence on this list so far today.

Beach Energy Ltd (ASX: BPT)

Beach Energy is our next ASX 200 share up today. This Monday has seen a hefty 10.95 million Beach shares traded on the markets so far. Again, there are no major official developments from this energy company to report today.

But the Beach share price has still managed to continue its recent run in style. Beach shares are currently up a robust 2.7% at $1.54 each, putting its year to date gains in 2022 so far at a very pleasing 17% or so. It’s this move upwards today that has probably resulted in Beach Energy’s elevated trading volumes.

Sydney Airport (ASX: SYD)

ASX 200 infrastructure company Sydney Airport is last but certainly not least in terms of trading volume today. So far, we’ve seen a sizeable 19.41 million Sydney Airport shares fly to a new home this Monday. The Sydney Airport share price hasn’t done a whole lot though. It’s currently flat at $8.71 a share. However, it’s probable that this company’s imminent takeover is playing a large role in this elevated trading volume.

Since shareholders have now given the takeover offer from Sydney Aviation Alliance the green light, this company will soon be removed from the ASX and delisted. This will see Sydney Airport also removed from the ASX 200 Index. These processes are probably what is behind this last-minute rush of trading we appear to be witnessing this Monday.

The post These 3 ASX 200 shares are topping the volume charts this Monday appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: ANZ disappoints, Magellan shares crushed
• 2 ASX 200 shares that could make it rain dividends: experts
• Could IAG (ASX:IAG) shares become suddenly sexy amid rising interest rates?
• ‘Plenty of bargains’ following ASX tech shares sell-off: expert
• Top broker picks 6 ASX 200 shares with earnings surprise potential

Motley Fool contributor Sebastian Bowen owns 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 owns 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 Bruce Jackson.

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