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The iCandy Interactive Limited (ASX: ICI) share price is up by 4% at the time of writing, after the company shared news of an acquisition.

The games and digital entertainment company has purchased hyper-casual mobile gaming platform NextGamer.

Let’s look closer at iCandy’s announcement. 

The next big thing

Singapore-based company NextGamer creates easy-to-master mobile games, taking no longer than 2–3 minutes per game. It profits off of in-game purchases and advertising. The company creates both web and mobile-based games, allowing players to enter into casual gaming tournaments online.

Hyper-casual gaming is that which is simple, easy to play, and takes a very short time to complete.

iCandy stated in this morning’s announcement that multiple sources claim hyper-casual mobile gaming is an up-and-coming trend in gaming. It noted reports that hyper-casual games recorded the most downloads in the first half of 2020.

NextGamer will have the ability to match gamers against one another for competitive gaming, iCandy stated.

iCandy has acquired 100% of NextGamer’s voting shares. The purchase cost iCandy $1.29 million, of which $900,000 was paid for in cash and the rest in iCandy shares, valued at 13 cents each.

The company states its new acquisition will take cue from iCandy’s library of more than 300 game titles.

Commentary from management

iCandy’s Chairman, Kin W Lau, commented:

We are really excited at the prospect of hypercasual gaming, and NextGamer has a unique proposition that offers very short game sessions on the go to mobile gamers via a casual competitive gaming environment.

iCandy has extensive expertise in casual mobile games and we can market NextGamer’s games to our large audience of mobile gamers internationally. 

iCandy share price snapshot

After announcing its new acquisition, iCandy shares are up 4.35% to 12 cents.

The iCandy share price is up 1,100% over the last 12 months but is down by 14.29%, year to date.

The company has a market capitalisation of around $65 million with approximately 571 million shares outstanding.

More reading

• The Paladin (ASX:PDN) share price dives 15% on capital raising
• Why the Musgrave Minerals (ASX:MGV) share price is charging 9% higher
• ASX 200 down 0.3%: Afterpay & Zip lower, AGL signs Portland Smelter deal
• The Cimic (ASX:CIM) share price slides despite new contracts
• Spacetalk (ASX:SPA) share price surges 77% on Telstra deal

Motley Fool contributor Brooke Cooper 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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At lunch on Friday the S&P/ASX 200 Index (ASX: XJO) is off its intraday low but still trading lower for the day. The benchmark index is currently down 0.3% to 6,726.1 points.

Here’s what is happening on the market today:

Tech shares act as a drag

Australian tech shares including Afterpay Ltd (ASX: APT) and Zip Co Limited (ASX: Z1P) are acting as a drag on the ASX 200 on Friday. This follows a selloff of US tech stocks overnight after bond yields surged to new 14-month highs. Positively, though, with US futures pointing higher, many tech shares are now recovering from their lows for the day.

Fortescue raises US$1.5 billion

The Fortescue Metals Group Limited (ASX: FMG) share price is edging lower today after revealing the successful completion of a US$1.5 billion bond offering. This was more than double what the company was seeking to raise. It upsized the offering due to strong demand. The proceeds will be applied to the repayment of its US$750 million 2022 Senior Unsecured Notes and general corporate purposes. The latter could include the repayment of debt.

AGL Portland Smelter update

The AGL Energy Limited (ASX: AGL) share price is pushing higher today after announcing that it has finalised a new agreement to supply a proportion of the electricity requirement of the Portland Smelter aluminium smelter. The agreement will take effect from 1 August 2021 when the existing supply contract ends and then run until July 2026. The energy company revealed that the new contract is for a volume of 275 MW and represents a mutually beneficial outcome in respect to commercial terms.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Friday has been the News Corporation (ASX: NWS) share price with a 3% gain on no news. The worst performer has been the Service Stream Limited (ASX: SSM) share price with a 4% decline. Today is the final day that the essential network services company’s shares will be included in the ASX 200. They will be dumped out of the index at Monday’s rebalance.

More reading

• Why AGL, Clover, QBE, & Volpara shares are pushing higher today
• Why the AGL (ASX:AGL) share price is avoiding the market selloff
• Why the Afterpay (ASX:APT) share price may be under pressure today
• ASX weakness could be met with $19bn “dividend bonanza”
• Here’s why the Zip (ASX:Z1P) share price is now down 44% from its high

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Service Stream 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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The CIMIC Group Ltd (ASX: CIM) share price is trading lower this morning, down 2.4% at the time of writing. In comparison, the broader S&P/ASX 200 Index (ASX: XJO) is currently trading down 0.31%.

We take a look at the company’s latest contract announcement below.

What new contracts did Cimic announce today?

The Cimic share price is sliding today, despite the company reporting its second major contract win in as many days.

This morning, the ASX 200 construction, mining, and services company revealed that its minerals processing company, Sedgman, and construction company CPB Contractors were awarded 2 new contracts in Queensland. The company expects the combined contracts to generate $100 million in revenue.

QCoal awarded a contract to Sedgman to build a “tailings dewatering facility” at the Byerwen mine.

Meanwhile, the Queensland government awarded Broad Construction (a wholly-owned subsidiary of Cimic’s CPB Contractors) a contract to build additional educational facilities at the Yarrabilba State Secondary College.

What did management say?

Commenting on the new contract awards, Cimic CEO Juan Santamaria said:

CIMIC Group’s companies have a strong history of deliveringconsistent outcomes in Queensland.

We are pleased to continue our long-standing relationships with QCoal to deliver safe and efficient solutions for the industry; and with the Queensland Department of Education to deliver high-quality assets of lasting value that will benefit the local community.

Sedgman managing director Grant Fraser added:

We are pleased to continue working with QCoal with a key focus on reducing impacts and undertaking environmentally responsible practices. The tailings dewatering contract at Byerwen is a great opportunity to achieve joint goals in ESG, an important focus for the industry.

Cimic advised that it would complete both projects in 2022.

Today’s release follows a separate contract announcement yesterday when the company reported the Queensland government had awarded CPB Contractors the construct-only contract to upgrade the Bruce Highway. That contract is expected to generate $289 million, with work forecast to start this year.

Cimic share price snapshot

Over the past 12 months, Cimic shares are up 40%, right in line with the 40% gain on the ASX 200.

Year-to-date, the Cimic share price is down 27%, currently trading at $18.21 per share.

More reading

• ASX 200 drops, Webjet reveals B2B plan, Cimic wins again
• Decmil (ASX:DCG) share price lifts on $25 million contract win
• What’s going on with the Cimic (ASX:CIM) share price today?
• ASX 200 dips, CBA launches BNPL, Fonterra reports
• Cimic (ASX:CIM) share price falls despite positive update

Motley Fool contributor Bernd Struben 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.

The post The Cimic (ASX:CIM) share price slides despite new contracts appeared first on The Motley Fool Australia.

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The Spacetalk Ltd (ASX: SPA) share price is in the stratosphere today. At the time of writing, shares in the technology company are swapping hands for 19.5 cents each. That’s more than 77% higher than their last closing price of 11 cents before they entered a trading halt earlier this week.

For comparison, the All Ordinaries Index (ASX: XAO) is currently down 0.56%.

The monumental rise comes after investors reacted positively to news of a commercial deal with Telstra Corporation Ltd (ASX: TLS) and a $5 million loan facility from PURE Asset Management Pty Ltd.

Let’s take a closer look at what the company announced today.

Spacetalk share price explodes on Telstra deal

The Spacetalk share price on an absolute tear today. In a statement to the ASX, Spacetalk declared Telstra had agreed to sell its Adventurer devices in all retail stores, and online, by April 2021.

The device will be placed in Telstra’s core wearables range after it is configured for the Telstra network.

According to Spacetalk, Telstra plans to aggressively market the devices. It intends to use influencer channels, digital advertising, in-person pitching, and billboard placement within stores.

Telstra will sell the technology outright or through payment plans. It also plans to roll out an Adventurer-specific SIM service plan in the near future.

Speaking on the news, Spacetalk CEO Mark Fortunatow said:

We are delighted by the ranging of Spacetalk Adventurer with Telstra, Australia’s leading telecommunications and technology company.

This is a very strong endorsement of the quality of Spacetalk devices, with Adventurer to be placed on Telstra’s core wearable device range. It is also a recognition by Telstra of the growing market and customer need for Spacetalk devices, and our leadership in the category of kids connected smartwatches. Needless to say, we are extremely excited by the enhanced brand recognition and sales growth we expect from extending our customer reach with Australia’s largest MNO [mobile network operator].

Telstra retail and regional executive Fiona Hayes also said:

Smartwatches are the fastest growing market for wearables globally and the addition of Spacetalk will strengthen Telstra’s connected smartwatches offering. Spacetalk is a market leader in Australia in connected smartwatches for children and seniors, providing a practical solution for families to stay connected.

The loan facility

In a second announcement, Spacetalk also told the market it has secured a $5 million loan from PURE Asset Management. The credit will be available for immediate use.

The loan is split into two components:

1. A $3 million term loan facility at 9.5% interest with an option obligating Spacetalk to issue 11 million shares to PURE at a value of 30 cents each.
2. A $2 million bridging facility at 12.5% interest.

The term loan will span four years while the bridging facility will last two years. The company will use the credit to purchase inventory, invest in its brand, and for a range of other purposes.

Spacetalk and Telstra share price snapshots

Over the last 12-months, the Spacetalk share price has increased by around 117%. Most of these gains, however, occurred today. One year ago, the company’s share price was 9 cents. On Tuesday this week, it closed at 11 cents.

The Telstra share price is currently up a much more modest 0.47% today. At the time of writing, shares in the telecom giant were selling for $3.205. Compared to this time last year, Telstra shares have remained relatively flat – losing around 2% of their value. The Telstra share price has, however, gained around 19% since reaching its 52-week low in October last year.

Spacetalk and Telstra have current market capitalisations of $30.6 million and $37.8 billion respectively.

More reading

• ASX weakness could be met with $19bn “dividend bonanza”
• Revealed: 4 least profitable industries in Australia
• 2 quality ASX dividend shares with generous yields
• Top brokers name 3 ASX shares to buy today
• ASX 200 down 0.6%: Telstra upgraded, Webjet rated as a buy, Westpac update

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra 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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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a disappointing decline. At the time of writing, the benchmark index is down 0.5% to 6,713.7 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

AGL Energy Limited (ASX: AGL)

The AGL share price is up over 1.5% to $9.60. This morning the energy company announced that it has finalised a new agreement to supply a proportion of the electricity requirement of the Portland Smelter aluminium smelter until July 2026. The agreement will take effect from 1 August 2021 when the existing supply contract ends. AGL advised that the new contract represents a mutually beneficial outcome on commercial terms, for a volume of 275 MW.

Clover Corporation Limited (ASX: CLV)

The Clover share price has jumped 9% to $1.80 despite there being no news out of the specialty ingredients company. However, earlier this week, analysts at UBS upgraded the company’s shares to a buy rating with a $2.00 price target. The broker believes that it could be a good COVID-19 recovery play for investors. Clover’s performance has been hit hard by subdued demand for infant formula ingredients during the pandemic.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price has climbed 3% to $9.95. Investors have been buying the insurance company’s shares after bond yields surged higher during overnight trade in the United States. Rising bond yields are good news for QBE as, like most insurers, the company invests heavily into fixed interest securities like bonds.

Volpara Health Technologies Ltd (ASX: VHT)

The Volpara share price has risen 2% to $1.32. Investors have been buying this healthcare technology company’s shares following a positive broker note out of Morgans this morning. In response to a recent contract win, Morgans has retained its add rating and lifted its price target to $1.94.

More reading

• Why the AGL (ASX:AGL) share price is avoiding the market selloff
• 2 small cap ASX shares with huge potential
• Why Corporate Travel Management, Silver Lake, Volpara, & Vulcan are pushing higher
• Here’s why the Volpara (ASX:VHT) share price is storming higher
• Brokers are bullish about these 3 ASX 200 shares

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends VOLPARA FPO NZ. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Clover Limited. The Motley Fool Australia has recommended VOLPARA FPO NZ. 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 Calix Ltd (ASX: CXL) share price opened 5% lower this morning, as the company declared its plans to embrace future-focused technology, funded by a share placement.

The tech company announced it would accelerate its investments in environmental, social and corporate governance (ESG) projects. At the time of writing, the Calix share price is trading at $2.19, down 2.67%.

Let’s take a closer look at what the tech company announced this morning.

Environmentally-friendly tech

In today’s release, Calix advised it will issue 7 million new shares to sophisticated and professional investors at $2 each, hoping to raise $14 million for its technology projects. It was also offering a new share purchase plan to existing eligible shareholders, worth up to $30,000 per shareholder and capped at $3 million.

A large portion of the capital raised will go towards the company’s lithium manganese oxide (LMO) technology for lithium-ion cathodes. Calix specified that $4.5 million of the funds would be used to expand its testing program and lab capacity for the technology.

The company claims its LMO technology uses 6 times less energy in production than conventional manufacturing methods.

The capital raised from the share placement will also go towards the company’s other green projects. These include:

• Technology to reduce CO2 emissions in the cement, lime, and magnesia industries.
• A non-toxic, broad-spectrum fertiliser with anti-fungal and anti-pest properties.
• An earth-friendly product for wastewater treatment and another to refresh freshwater systems prone to green-algae outbreaks.
• Several trials and studies for more sustainable processing of various minerals and chemicals.

The announcement’s accompanying investor presentation showed Calix’s belief in the importance of ESG strategies.

Commentary from management

Calix CEO Phil Hodgson said Calix had received a “significant increase” in investors asking after its ESG strategies.

To turn these enquiries into value, we need more engineers, equipment, and dealmakers.

Following a strategic review on generating best value for our shareholders, we felt it was the right time to hit the accelerator and access some additional capital to fully resource these opportunities.

Calix share price snapshot

The Calix share price has risen by 109.7% year to date, having started the year trading at $1.03. It is also up by 224% over the last 12 months.

Calix has a market capitalisation of around $334 million with approximately 148 million shares outstanding, although that number will increase by at least 7 million next week.  

More reading

• Why the Calix (ASX:CLX) share price is surging 8% higher this morning
• The Calix (ASX:CXL) share price rips 13% higher on revenue growth

Motley Fool contributor Brooke Cooper 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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Vital Metals Limited (ASX:VML) shares are sliding lower today after the company announced the successful completion of an institutional share placement to fund works at its rare earth mine in Canada.

At the time of writing, the Vital Metals share price is trading 5% lower at 7.6 cents. The rare earth mining company’s placement raised $43 million, issuing 661.5 million new shares at 6.5 cents each.

For context, the All Ordinaries Index (ASX: XAO) is also slumping today, down 0.79% for the day so far.

Let’s take a closer look at Vital Metals’ announcement this morning.

Canada’s first rare earth producer

Vital Metals announced this morning that after a successful share placement, it will begin works at its Nechalacho rare earths project this month.

The project is Canada’s first rare earths mining operation. Vital Metals hopes to become the largest independent supplier of clean mixed rare earth feedstock outside of China.

The company claims Nechalacho is one of the highest grade rare earth deposits on earth.

Beyond allowing the commencement of works, the capital raised will also fund construction of an offsite extraction plant and the processing of mining minerals. Additionally, some will go towards drilling to define a plan for stage 2 of the project.

Vital Metals other project, Wigu Hill, will also benefit from the raised capital. Part of it will go towards drilling, sampling and testing at the site.

Commentary from management

Vital Metals managing director, Geoff Atkins, said the company is pleased to receive such strong support:

This support validates our strategy to produce rare earths for a globally diversified supply chain. As demand for critical minerals including rare earths continues to grow, our Canadian based project is positioned to supply customers in North America, Europe and Asia.

This placement ensures Stage 1 operations at Nechalacho are fully funded. We are excited to complete this milestone to allow mining operations to commence as we transition to a rare earth producer next quarter.

Vital Metals share price snapshot

This morning, the Vital Metals share price opened 7.5% lower than Tuesday’s close before partially recovering to its current level. This came after the company’s shares spent Wednesday and Thursday in a trading halt pending the release of further information on the capital raise.

The company’s share price is still up by 147% year to date, having started the year trading at 3 cents. It’s also up 640% over the last 12 months.

Vital Metals has a market capitalisation of almost $214 million with approximately 2.6 billion shares outstanding.

More reading

• Vital Metals (ASX:VML) shares halted pending capital raise
• Why the Vital Metals (ASX:VML) share price just hit a 5 year high

Motley Fool contributor Brooke Cooper 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

Shares of electric vehicle maker Tesla Inc(NASDAQ: TSLA) fell on Thursday, declining as much as 4.9%. As of 1.30 pm EDT, however, shares were down 4.1%.

The stock’s decline is likely primarily due to a bearish day in the market for growth stocks.

So what

Many tech stocks slid sharply on Thursday. Highlighting a bearish day in the market for tech stocks is the tech-heavy Nasdaq Composite (INDEXNASDAQ: .IXIC)’s 1.5% decline as of this writing. Many growth stocks like Tesla fell even more.

Growth stocks have struggled to fully rebound after getting pounded in the second half of February and early March. Shares of these stocks seem to be taking a breather after big gains in 2020. Tesla stock is down 18% since mid-February. Its shares, however, are still well above 2021 lows below $600 in early March. But they’re far from recovering to a high of more than $900.

A pullback in growth stocks has been largely attributed to rising 10-year Treasury yield rates. With improving return prospects in safer and alternative investments to equities, some investors may be pocketing gains from growth stocks and putting capital in bonds.

Now what

Tesla’s stock and business have been on a roll recently.

The company reported 46% year-over-year revenue growth in the fourth quarter of 2020 and analysts, on average, expect even faster growth this year.

Despite the stock’s pullback from highs earlier this year, shares are up 59% over the last six months and 682% over the past 12 months. The S&P 500 Index (INDEXSP: .INX) rose 18% and 57%, respectively, during those periods.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• Why are the Nasdaq’s highest-growth stocks panicking about a strong economy?
• We’re betting on ASX growth shares: global fund
• Don’t fall into the ‘rotation trap’
• How to invest in the Nasdaq Index on the ASX
• Elon Musk reviews title and decides ‘Technoking of Tesla’ is more fitting

Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The AGL Energy Limited (ASX: AGL) share price is avoiding the market selloff today and pushing higher.

At the time of writing, the energy company’s shares are up over 1% to $9.56.

Why is the AGL share price pushing higher?

Investors have been buying AGL shares this morning for a couple of reasons.

One is the market selloff, which has led to an increase in demand for safe haven assets.

For example, the shares of fellow utility companies APA Group (ASX: APA) and Mercury NZ Ltd (ASX: MCY) are also rising during morning trade.

What else is supporting AGL’s shares?

Also giving the AGL share price a boost today has been the release of an announcement relating to the Portland Smelter in Victoria.

According to the release, AGL has finalised a new agreement to supply a proportion of the electricity requirement of the Portland Smelter aluminium smelter until July 2026. The agreement will take effect from 1 August 2021 when the existing supply contract ends.

AGL advised that the new contract represents a mutually beneficial outcome on commercial terms, for a volume of 275 MW. It also provides the company with some flexibility, including rights in relation to the short-term reduction of volume at times of peak demand.

AGL Managing Director & Chief Executive Officer, Brett Redman, said: “AGL recognises the importance of the Portland smelter to the communities it supports and as a large wholesale electricity user. The total Portland load comprises approximately 10 percent of Victoria’s total energy demand and we are pleased to play our part in securing its continued operations.”

Shareholders will no doubt be hoping this is the start of better times for the AGL share price. After all, year to date the company’s shares are down a disappointing 21%.

More reading

• Brokers are bullish about these 3 ASX 200 shares
• Why the Tilt Renewables (ASX:TLT) share price is soaring 15% today
• Goldman reaffirms its conviction buy on this ASX share on Yallourn shutdown
• The 3 highest paying ASX 200 dividend shares
• Amaysim (ASX:AYS) share price higher as company moves to delist

Motley Fool contributor James Mickleboro 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 Sydney Airport Holdings Pty Ltd (ASX: SYD) share price is following the wider S&P/ASX 200 Index (ASX: XJO) lower today. The ASX 200 is down 1.05% while Sydney Airport shares are down 2.7%.

But looking at Sydney Airport’s wider performance since 1 November 2020 – shares are up 12% – you’d be forgiven for thinking that business was picking up for the ASX 200 travel share.

It’s not.

Traffic drought

The Sydney Airport share price is sliding this morning following the release of the company’s February traffic figures.

The numbers reveal a slightly lower year-on-year decline than the airport’s January Airport Traffic Performance report. The January 2021 figures revealed total passenger numbers remained more than 94% lower than in January 2020, right before COVID-19 began its global march, bringing international and even most domestic travel in Australia to a virtual halt.

Still, before the pandemic struck, the February traffic figures just released would be nothing short of shocking.

Sydney Airport reported a 79.8% drop in its total passenger traffic compared to the previous corresponding period, with 623,000 passengers.

With state borders reopening later in February and domestic air travel slowly reviving, the 596,000 domestic passengers represent a 70.0% fall from February 2020 numbers.

Not surprisingly, the international passenger figures remain at a trickle. Only 27,000 international passengers passed through the airport in February, down 97.5% year on year.

Breaking it down to nationalities, Australians were the largest cohort of international travellers coming through the airport, with China number two, New Zealand number three, India number four and the United States number five.

Sydney Airport said, “The downturn in international passenger traffic is expected to persist until government travel restrictions are eased.”

Sydney Airport share price snapshot

Despite the drought in traffic, Sydney Airport shares gained 3.7% in February, as investors looked beyond the current restrictions towards the reopening as vaccines begin to roll out across the world.

Since the first successful vaccine rumours hit the news at the start of November, Sydney Airport shares are up by 12.5%. Over the past 12 months, shares are up by around 34%, compared to a 40% gain on the ASX 200.

Year to date, the Sydney Airport share price is down 4%.

More reading

• Vaccines have begun, what might this mean for ASX airport shares?
• ASX 200 Weekly Wrap: Calm restored to the ASX 200
• What this broker thinks about ASX travel shares after government’s stimulus package
• ASX 200 unmoved, Flight Centre soars, Afterpay keeps falling
• Insiders have been buying Sydney Airport (ASX:SYD) and this ASX share

Motley Fool contributor Bernd Struben 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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