Tag: Motley Fool

June was a bit of a topsy turvy month for BHP Group Ltd (ASX: BHP) shares. Increasing expectations that iron ore prices might have peaked, as well as efforts from China to cap surging commodity prices, may have been dragging on the BHP share price, which hit a 2-month low of $45.61 by 21 June.

Pleasingly, however, shares in the iron ore major managed to rally back up to $48.57 by month-end, finishing with a 1.5% increase for June overall.

Let’s take a closer look at why the BHP share price was up and down last month.

Experts forecast lower iron ore prices

Last month, the Australian Financial Review highlighted five key events that could lead to lower iron ore prices.

This included Brazil moving back to full production, easing Chinese stimulus measures, iron ore miners ramping up production, new players entering the market and China shifting consumption to scrap steel.

Even the Australian Government’s commodity forecaster, the Office of the Chief Economist (OCE), expects prices to ease in the medium term. In its latest Resource and Energy Quarterly, it said:

[Iron ore] prices are forecast to average around US$150 a tonne in 2021, before falling to below US$100 a tonne by the end of 2022, as Brazilian supply recovers and Chinese steel production softens.

China clamps down on commodity prices

According to the OCE, Australia’s resource and energy exports are estimated to hit a record $310 billion in 2020-21, with almost half of those earnings derived from iron ore.

While this might sound like positive news for the BHP share price, China isn’t all that happy about having to pay sky high prices.

On 18 June, Yuan Talks said that China’s top economic planner would release state reserves of copper, aluminium and zinc to downstream processing and manufacturing companies to curb soaring prices.

Chinese authorities made another move on June 21, saying they would closely monitor iron ore prices and punish any form of malicious speculation. This was also the day when the BHP share price slipped 1.91% to its 2-month low of $45.61.

Iron ore prices still holding strong

Despite what some experts say could happen, iron ore prices remain at elevated levels, currently fetching around US$214 per tonne.

Pleasingly, imported iron ore stockpiles at Chinese ports fell for a fourth straight week to 123.95 million tonnes last Friday, according to Mining.com. This represents the “lowest level since early October [2020]”.

Mining.com also reported that “subdued prices in the next six months may be expected as a result of active government intervention, but [iron ore] may test $250/mt when Chinese buyers look to replenish depleted stockpiles”.

Where does the BHP share price go from here?

Goldman Sachs is bullish on BHP shares, with a buy rating and $53.80 price target.

The broker highlighted positive factors including the miner’s strong cash flow position, solid production prospects and ongoing mining portfolio optimisation.

At Thursday’s market close, the BHP share price was trading 0.72% lower at $$48.22.

The post BHP (ASX:BHP) share price caught between bulls and bears in June appeared first on The Motley Fool Australia.

More reading

• Why this broker thinks the BHP (ASX:BHP) share price can storm higher
• ASX 200 up 0.5%: Telstra asset sale, AGL demerger, Nuix crashes again
• Why this expert thinks commodities are about to rally again
• BHP (ASX:BHP) announces first deal in thermal coal selloff
• ASX 200 Weekly Wrap: Share market breaks 5 week winning streak

Motley Fool contributor Kerry Sun 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.

from The Motley Fool Australia https://ift.tt/364NUy6

The Boral Limited (ASX: BLD) share price is higher after its shareholders rejected the board’s advice not to sell shares to Seven Group Holdings Ltd (ASX: SVW).

At the time of writing, shares in the construction materials company are trading for $7.37 – up 0.27%. The S&P/ASX 200 Index (ASX: XJO) is 0.56% lower at 7,272 points.

Let’s look at what’s going on.

Seven gets its way

In a statement to the ASX, Seven revealed it would increase its unconditional bid for Boral shares from $6.50 to $7.30 after the requisite number of shareholders had sold to it.

Seven said previously it would raise its offer for shares if enough shareholders sell to give it increased ownership to 29.5%. It has also said it will pay $7.40 per Boral share if its interest in the company rises to 34.5%. Before the takeover bid, Seven owned 24.5% of Boral.

The move is a slap in the face to Boral’s board, which asked investors not to sell to Seven at all. In its advice, the board said Seven’s bid was “opportunistic” and did not represent fair value. The board believes its shares are worth somewhere between $8.25 and $9.13.

The current Boral share price is above Seven’s unconditional offer of $7.30 but below its conditional offer of $7.40. This might suggest the market believes more shareholders are willing to sell to Seven.

Seven has also extended its offer for the conditional purchase. Instead of expiring tomorrow, as first announced, the period to accept will end on 15 July.

Boral share price snapshot

Over the past 12 months, the Boral share price has increased 88.24%. Only yesterday, the company hit another new 52-week high of $7.40. It annual high has been continually re-setting over the past few days, driven mostly by Seven’s takeover bid.

Shares in the company are significantly higher now than they were before the COVID market crash.

Boral has a market capitalisation of $8.7 billion.

The post Boral (ASX:BLD) share price lifts as investors defy board and sell to Seven appeared first on The Motley Fool Australia.

More reading

• The Calix (ASX:CXL) share price is rising 5% today. Here’s why
• Here are 3 ASX 200 shares making market moves today
• ASX construction shares like Brickworks (ASX:BKW) are falling today
• Boral (ASX:BLD) share price seesaws after rejecting increased bid
• ASX 200 Weekly Wrap: Share market breaks 5 week winning streak

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.

from The Motley Fool Australia https://ift.tt/3qCmr09

The EML Payments Ltd (ASX: EML) share price was gaining today, despite no news having been released by the financial services company. At close, the EML share price is $3.63 – 4.3% higher than its previous closing price.

That’s particularly impressive considering the broader market is sliding today. The S&P/ASX 200 Index (ASX: XJO) closed down 0.65%, while the All Ordinaries Index (ASX: XAO) dropped 0.57%.

For the time being, the EML share price seems to be recovering nicely from a disastrous May, within which it sank a whopping 42%. The dramatic fall was seemingly spurred by concerns from the Central Bank of Ireland that EML’s PFS Card Services business may have failed to comply with anti-money laundering and counter terrorism frameworks and governance.

Let’s take a look at the last time we’ve heard from EML Payments, and what its share price has been up to lately.

The month that’s been

Over the last month, the market has only heard one piece of price sensitive news from EML.

It released its third-quarter trading update on 7 June. The news saw the EML share price finish the day 4.19% higher. It also gained another 12.64% over the 3 days following the release.

Within its third quarter update, EML stated its gross debit volume (GDV) had increased 52% to $14.9 billion, and its revenue had increased by 65% to $143.5 million.

The company’s earnings before interest tax, depreciation, and amortisation (EBITDA) also increased. It was up 62%, reaching $43.8 million.

EML also stated it had 368 deals underway, with 56 of those in the contract negotiation stage. It estimated the GDV of its pipeline at maturity to be $8.3 billion.

Finally, the company’s acquisition of Sentenial and Nuapay, announced in April, was expected to close sometime between early July and late August, depending on approvals.

EML Payments share price snapshot

Over the course of June, the EML payment share price regained 6.1%.

With today’s gains included, EML shares are now 13% below what they were at the beginning of 2021. However, the EML share price has broken even over the last 52-weeks. It’s currently 5.03% higher than it was this time last year.

The company has a market capitalisation of around $1.3 billion, with approximately 361 million shares outstanding.

The post The EML Payments (ASX:EML) share price zoomed 4% higher today appeared first on The Motley Fool Australia.

More reading

• Here’s why this fund manager decided to sell its EML (ASX:EML) shares
• M&A rumour fires up the Iress (ASX:IRE) share price today
• Top brokers name 3 ASX shares to buy today
• ASX 200 rises, EML up, Ansell announces CEO
• Why Cogstate, Contact Energy, EML, & OM Holdings are pushing higher

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. owns shares of and has recommended EML Payments. The Motley Fool Australia owns shares of and has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/367JHJU

The Australian Strategic Material Ltd (ASX: ASM) share price has ended its miraculous run.

Shares in the emerging metals producer are trading more than 8% lower today.

Let’s take a look at how the Australian Strategic share price has performed and why investors are selling today.

Why is the Australian Strategic share price down today?

Australian Strategic has not released any price-sensitive news to explain today’s bearish price action.

However, shares in the company have been on a miraculous run recently. Shares in the Australian Strategic surged more than 60% for the month of June. As a result, many investors could be taking profits in the new month.

What’s been fueling the Australian Strategic share price?

Australian Strategic is an integrated materials business and emerging producer of critical metals.

The company owns the Dubbo project in NSW which has a proven long-term resource of rare earths. In addition, Australian Strategic has a joint venture with South Korea’s Ziron Tech to pilot the production of hafnium and zirconium. Dubbed ‘The Korean Metals Plan’, the company aims to produce and supply titanium and key rare earth metal alloys to the South Korean market.

For the month of June, Australian Strategic hasn’t actually released any price-sensitive news.

Therefore, there are many factors that could have fuelled shares in the company to go on a miraculous run.

In general, the overall renewables sector has performed strongly which could explain the performance of shares in Australian Strategic.

In an investor presentation earlier this year, the company noted that its Dubbo project was targeting zero carbon emissions.

Thanks to a bumper performance in June, the Australian Strategic share price has recovered to be around 8% higher for 2021.

At the time of writing, shares in the company are trading at their intraday low of around $7.15.

The post Shares in Australian Strategic Materials (ASX:ASM) end their miraculous run appeared first on The Motley Fool Australia.

More reading

• Up 63% this month, Australian Strategic Materials (ASX:ASM) share price rockets higher

Motley Fool contributor Nikhil Gangaram 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.

from The Motley Fool Australia https://ift.tt/2Toy2Un

The Cooper Energy Ltd (ASX: COE) share price is back where it started today following the company’s announcement it has cut its FY21 production forecast.

At the time of writing, the Cooper Energy share price is trading flat at 26 cents after falling to an intraday low of 25 cents this morning.

What did Cooper Energy announce?

The oil and gas exploration company provided an update to full year FY21 guidance and cut its previous production forecasts.

Cooper’s sales volume guidance is approximately 3.0 millions of barrels of oil equivalent (MMboe). The previous guidance was towards the middle of the 2.9 – 3.1 MMboe range.

In addition, it now sees production of 2.6 MMboe. This is down from the previous guidance of the lower end of 2.7 – 2.9 MMboe.

The company also gave capital expenditure guidance at the low end of $35 – $40 million, which is in line with previous commentary.

In the statement released this morning, Cooper Energy said:

Production from the Sole gas field in the Gippsland Basin has been constrained due to fouling within the sulphur absorbers of the Orbost Gas Processing Plant (owned and operated by APA Group (ASX: APA)). Notwithstanding the gas processing issues, all Sole customer nominations have been met to date, with gas supply sourced from Cooper Energy’s back-up supply arrangements when required.

Regarding production headwinds:

The increased seasonal gas demand and storage withdrawal is mainly due to the increased demand for gas-fired generation to offset the curtailment of electricity generation at the Yallourn Power Station.

A key benefit of processing CHN gas in the Athena Gas Plant2 is that gas supply will be on a firm basis. The plan is for the Athena Gas Plant to be commissioned in Q2 FY22.

Cooper Energy share price snapshot

The Cooper Energy share price is having a difficult year. It fell 35.75% over the first six months of 2021 and is down 7.14% over the past month alone.

It has a market capitalisation of $407 million, with 1.63 billion shares outstanding.

The post What’s with the Cooper Energy (ASX:COE) share price today? appeared first on The Motley Fool Australia.

More reading

• Broker tips Life360 (ASX:360) share price to keep rising after hitting record high
• Why the Bod (ASX:BDA) share price is climbing today
• Why Lendlease, Marley Spoon, Reece, & Woolworths shares are sinking
• Former ASX CEO admits to insider trading
• Why has the Weebit (ASX:WBT) share price jumped 9% 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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/2TgjjuR

The Life360 Inc (ASX: 360) share price is pushing higher again on Thursday.

Earlier today, the family-orientated app maker’s shares were up almost 4% to a record high of $6.93.

When the Life360 share price hit that level, it was up a remarkable 78% since the start of the year.

Why is the Life360 share price charging higher today?

There have been a couple of catalysts for the rise in the Life360 share price today.

One is an announcement earlier this week which revealed that Life360 has created a Family Advisory Council that will bring together well-known celebrities and influencers to help shape the company’s product and marketing strategy.

Management also revealed that it expects its annualised monthly revenue to land towards the upper end of its guidance of US$110 million to US$120 million in 2021. This follows a successful marketing campaign on TikTok.

What else?

Also giving the Life360 share price a boost today was a broker note out of Bell Potter.

According to the note, the broker has retained its buy rating and lifted its price target to $7.75. This implies further upside of almost 12% for its shares over the next 12 months.

It commented: “Life360 provided a market update and the key take-out in our view was a soft upgrade in the guidance for annualised monthly revenue (AMR) in December 2021 from in the range of US$110-120m to now “at the higher end” of this range.”

“The key drivers of the upgrade were “early success of user experience improvements and a recent surge in downloads driven by virality on social media, primarily TikTok”. The company also said a further update will be provided at the release of the 1H2021 result in August when “the extent, impact, and duration of the new wave of registrations will be clearer” suggesting there may be some further upside to the guidance.”

“The other key take-out from the update was a US$2.1m investment in the company by a group led by Bryant Stibel which is an investment company founded by Kobe Bryant and Jeff Stibel,” it concluded.

All in all, the LIfe360 share price may have hit a record high today, but the gains may not be over just yet.

The post Broker tips Life360 (ASX:360) share price to keep rising after hitting record high appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in July 2021
• Top brokers name 3 ASX shares to buy today
• Why Life360, Paradigm, Sayona Mining, & Telstra shares are charging higher
• Life360 (ASX:360) share price up 206% in last 12 months
• Here are 3 ASX tech shares tipped for big things

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 recommended Life360, Inc. 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.

from The Motley Fool Australia https://ift.tt/3duFPH0

The Bod Australia Ltd (ASX: BDA) share price is a strong performer today following the release of a sales update.

At the time of writing, shares in the CBD and hemp healthcare products company are up 3% to 35 cents.

What’s driving the Bod share price higher?

According to its latest update, Bod enjoyed record medicinal cannabis sales growth in FY21.

In total, Bod dispensed 12,187 products, representing a 212% increase on the prior corresponding period.

The company also delivered a 17% quarter-on-quarter growth, with 4,441 medicinal cannabis product units sold in the fourth quarter of FY21.

In addition, it retained a 46% share of the total Australian market for full plant high CBD products in FY21. Pleasingly, its market share continues to gather pace, increasing in the last six months of FY21.

In further news, the company said its strong and growing market share was underpinned by repeat prescriptions. These accounted for 65% of total prescriptions sold in FY21.

Additionally, Bod’s ongoing educational initiatives with healthcare professionals and an Australia-wide study into the effectiveness of its medicinal cannabis range also contributed factors to its growth.

Looking ahead, the company intends to scale up operations across its Australian and United Kingdom markets to drive growth and market share.

How that affects the Bod share price remains to be seen.

Management commentary

Bod CEO Jo Patterson was pleased with the company’s growth momentum, saying:

During FY2021, the company maintained nearly a 50% market share for the total addressable market for high CBD products in Australia. While repeat prescriptions remained at a high level, Bod also increased its patient and doctor acquisitions through ongoing educational initiatives and its relationships with approved prescribers.

We anticipate increased demand for our medicinal cannabis product suite over the coming quarter and beyond. A number of new products are currently being introduced and operations in the UK continue to scale pleasingly. We look forward to updating shareholders on further growth as it materialises.

Bod share price tumbles in 2021

Despite the company’s positive achievements in FY21, the Bod share price has tumbled 28% year-to-date.

However, the broader ASX cannabis sector has also struggled to find headway in the past few months.

Bod peers including Cann Group Ltd (ASX: CAN), Ecofibre Ltd (ASX: EOF) and Althea Group Holdings Ltd (ASX: AGH) have tumbled 38%, 63%, and 25% respectively, year-to-date.

The post Why the Bod (ASX:BDA) share price is climbing today appeared first on The Motley Fool Australia.

More reading

• Why Lendlease, Marley Spoon, Reece, & Woolworths shares are sinking
• Former ASX CEO admits to insider trading
• Why has the Weebit (ASX:WBT) share price jumped 9% today?
• Domino’s Pizza (ASX:DMP) shares fall 3%. What’s going on?
• The Bank of Queensland (ASX:BOQ) has officially acquired ME Bank

Motley Fool contributor Kerry Sun 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.

from The Motley Fool Australia https://ift.tt/3AjZwuT

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is under pressure and tumbling lower. At the time of writing, the benchmark index is down 0.5% to 7,274.2 points.

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

Lendlease Group (ASX: LLC)

The Lendlease share price is down 3% to $11.11 following the release of a market update. This morning the international property and infrastructure company downgraded its guidance due to a resurgence in COVID-19 in key markets which has negatively impacted its performance. Lendlease is now expecting a core operating profit of between $375 million and $410 million after tax for FY 2021.

Marley Spoon AG (ASX: MMM)

The Marley Spoon share price has fallen almost 5% to $3.01. This decline could be due to profit taking after the meal kit delivery company’s shares rocketed higher recently. In other news, this morning the company signed and closed a committed senior secured credit facility of four years with Runway Growth Credit Fund. The release notes that the facility will give Marley Spoon access to up to US$65 million to support it with its growth strategy.

Reece Ltd (ASX: REH)

The Reece share price is down over 3% to $22.81. The catalyst for this appears to have been a broker note out of Macquarie. According to the note, the broker has downgraded this plumbing parts company’s shares to an underperform rating with a $19.40 price target. The broker made the move on valuation grounds following a very strong gain since the start of the year.

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price has fallen 2% to $37.44. This also appears to have been driven by a broker note. According to a note out of Credit Suisse, its analysts have downgraded the supermarket operator’s shares to an underperform rating with a $32.92 price target. Once again, this was due to valuation concerns. Credit Suisse notes that Woolworths’ shares trade at a significant premium to rival Coles Group Ltd (ASX: COL).

The post Why Lendlease, Marley Spoon, Reece, & Woolworths shares are sinking appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to sell today
• ASX 200 down 0.3%: SEEK record high, IGO jumps, Lendlease downgrade
• Why the Lendlease (ASX:LLC) share price is tumbling today
• Why the Marley Spoon (ASX:MMM) share price is up 33% in a month
• Will ESG concerns really affect companies like Endeavour (ASX:EDV) and AGL (ASX:AGL)?

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 Marley Spoon AG. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3dt7OGX

A former chief executive of Nova Minerals Ltd (ASX: NVA) has pleaded guilty to charges of insider trading and manipulating the share market.

The County Court of Victoria heard that Avrohom Mordechai Kimelman of St Kilda East, Victoria allegedly conspired with others in November 2015 to manipulate the shares of Nova, which was then known as Quantum Resources Ltd.

He later became both the chief executive officer and a board member of the business.

The Australian Securities and Investments Commission alleged that Kimelman knew non-public information that Quantum was about to acquire Manitoba Minerals Pty Ltd, which itself had a deal to buy into a lithium resource in Canada.

Kimelman is accused of using that inside information to buy 1,990,963 shares in Quantum over 8 days in April and May 2016.

The former executive faces 10 years in prison for the offences.

The maximum penalty for insider trading was increased to 15 years’ jail in 2019, but cannot apply in this case as the alleged acts were committed before the change.

Kimelman first appeared before the Perth Magistrates’ Court last year in relation to this case. He will appear at the Melbourne County Court on 23 February for a plea hearing.

The post Former ASX CEO admits to insider trading appeared first on The Motley Fool Australia.

More reading

• Here’s why the Nova Minerals (ASX:NVA) share price is jumping 10% today

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

from The Motley Fool Australia https://ift.tt/3jyc8sC

The Weebit Nano Ltd (ASX: WBT) share price is rocketing today. Shares in the semiconductor player are up 8.76%, trading at $1.80 at the time of writing.

Let’s take a look at the latest Weebit share price action.

What’s happened today?

There have been no market sensitive announcements today that apply specifically to Weebit.

The share price has been a gainer following a key announcement on 25 June, where the company confirmed it had successfully demonstrated the integration of a selector with ReRAM, for the standalone memory market.

Since this event, shares have walked their way northwards by 12.6%, gaining as much as 20% the day after the announcement alone.

Regarding the milestone, Weebit CEO Coby Hanoch stated:

This achievement demonstrates our commitment to addressing the discrete memory market as part of our mid-term strategy. We see a broad range of opportunities for discrete ReRAM, from NOR flash to storage class memory, in a range of segments.

Given our 2024 target for a discrete solution, we anticipate that other opportunities will arise as well. We will continue to share our progress in meeting this mid-term goal, while we continue our near-term focus on the embedded memory module where we are making good progress.

Weebit share price snapshot

While the Weebit share price remains positive at the time of writing, the same can’t be said for the company’s trajectory year-to-date, with shares trading down 32.6% since January 1.

In contrast however, Weebit’s shares have posted a 12-month positive return of 496.6% at the time of writing. For context, the S&P/ASX 200 Index (ASX: XJO) has posted a return of 22.81% over the previous 12 months.

At the current share price of $1.80, Weebit has a market capitalisation of $203 million, and is currently trading off its 52-week high of $4.27. The 52-week range for Weebit shares is a big one, from as low as 27.5 cents to $4.27.

The post Why has the Weebit (ASX:WBT) share price jumped 9% today? appeared first on The Motley Fool Australia.

More reading

• Why the Weebit Nano (ASX:WBT) share price is rocketing 15%

The author Zach Bristow has no positions 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.

from The Motley Fool Australia https://ift.tt/3Acd381