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The Sonic Healthcare Limited (ASX: SHL) share price has been sliding the last couple of months, although this morning it opened higher and is trading at $31.51 at the time of writing.

Why has the Sonic Healthcare share price been losing ground?

The Sonic Healthcare share price has lost ground recently — down 9% in the past month and 0.57% lower than this time 6 months ago.

However, according to the Australian Financial Review, record volumes are still being traded in Europe and the US.

Sonic is a business that benefitted greatly from the coronavirus pandemic. The world’s third-largest medical laboratory company reported a 166% increase in profits during its last earnings report. Sonic’s first half FY 2021 net profit totalled $678 million.

With COVID testing an obvious driver of Sonic’s latest results, some investors are wondering if the business will be able to maintain the momentum going forward.

Will the coronavirus keep Sonic afloat?

As COVID-19 continues to be wrangled around the world, Sonic believes that there will be ongoing opportunities.

According to the AFR piece, Sonic CEO Colin Goldschmidt advised investors that he believes the market for serology testing will increase as a product of COVID. He also thinks a surge in testing demand is on the horizon as the vaccination distribution continues to grow.

However, one analyst commented that he feels that the need for testing is going to drop. Dr Saul Hadassin of UBS is neutral on the stock and has a target price for the Sonic share price set at $35.30.

He said (as quoted by AFR): “I did not move to a ‘buy’ as we felt the benefits they are accruing related to COVID testing would last about 18 to 24 months.”

Foolish takeaway

The Sonic Healthcare share price has gained 6% on this time last year. The company has a market capitalisation of $15 billion with 477.8 million shares outstanding.

More reading

• Is Sonic Healthcare (ASX:SHL) a dividend aristocrat?
• 2 high quality ASX dividend shares to buy to beat low rates
• Top ASX shares to buy in March 2021
• 2 ASX 200 shares to buy for growth
• Sonic (ASX:SHL) share price in the spotlight as it posts a 166% profit surge

Motley Fool contributor Gretchen Kennedy has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare 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 Fortescue Metals Group Ltd (ASX: FMG) share price was amongst the worst-performing ASX 200 shares last week. Its underperformance was largely driven by going ex-dividend, paying out a market-leading $1.470 per share dividend. However, the iron ore spot price has remained relatively stable, around the US$170 per tonne level. At the time of writing, the shares are trading at $22.76, up 3.03%.

While the Fortescue share price might be taking a breather, big brokers think it could retest its old highs. 

Big brokers rate the Fortescue share price as a buy

On 4th March, UBS had a Fortescue share price target of $25 with a buy rating. The broker notes that the Fortescue share price has yet to reflect the 10% year-to-date increase of the iron ore spot price. 

UBS believes that recent announcements such as the resignations of its COO Greg Lilleyman and other key personnel, and issues at Iron Bridge as factors dragging the Fortescue share price. 

Macquarie Group Ltd (ASX: MQG) is also bullish on Fortescue shares with a $25.50 price target and outperform rating on 5th March. The broker thinks the near-term outlook for the iron ore market has improved from both a demand and supply perspective. 

Macquarie notes that given the buoyant iron price, Fortescue could set new record earnings and dividends in 2H21. 

Iron ore prices remain high 

China’s week-long Lunar New Year break briefly put buoyant iron ore prices on hold late-February. The end of the holiday period lifted iron ore prices back to the US$170 range as Chinese steel mills restarted production and restock inventories. 

A near term risk for iron ore prices could be the world’s largest iron ore miner, Vale, regaining its previous iron ore output. Vale has faced significant production challenges including a dam collapse in 2018 and ongoing COVID-related challenges in Brazil. The company said in Q4 it partially resumed all iron ore fines operations halted in 2019. 

Potentially offsetting an increase in iron ore supply is China’s continued investments into infrastructure and technology. China’s total fixed-asset investment rose to 51.9 trillion yuan (US$8 trillion) in 2020, a 2.9% increase from the previous year. 

More reading

• The worst performing ASX 200 shares last week
• ASX 200 Weekly Wrap: ASX finishes higher, despite tech selloff
• Morgan Stanley reveals some investment trends to watch in 2021
• How to turn $20,000 into $300,000 in 10 years with ASX shares
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor Kerry Sun 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 Anson Resources (ASX: ASN) share price is soaring today after it announced its lithium materials received successful performance reviews.

Tests on the company’s lithium products found it matched or exceeded the quality of those currently used in high-performance lithium-ion batteries.

At the time of writing, Anson Resources’ share price is 89 cents, up from Friday’s closing price of 69 cents.

More about today’s announcement

This morning’s announcement from Anson proclaimed the commercial viability of its raw battery materials.

Both the company’s lithium hydroxide and its lithium carbonate returned favourable market comparisons.

The results from Anson’s lithium carbonate were most favourable. It was found to have 99.9% purity – exceeding that of current commercial battery grade lithium-ion.

The company’s lithium hydroxide was shown to demonstrate similar performance to existing commercial products.

The products involved in the tests were extracted from Anson’s flagship Paradox Brine Project, located in a unique salt brine resource in Utah.

The tests were conducted by battery testing equipment makers Novonix Limited (ASX: NVT). Novonix states it provides the world’s most accurate battery testing services. Its customers include Honda, Dyson, Panasonic, and Bosch.

The positive findings have encouraged further testing. Novonix is set to continue tests with larger bulk samples, including conducting hundreds of charge and discharge cycles. Final results are expected to be available in the second quarter of 2021.

Commentary from management

Anson’s Executive Chairman and CEO Bruce Richardson said the results are “truly exciting” for the company.

This ongoing test work with Novonix is an important step in the commercial development of the Paradox Project, and will provide battery makers and potential off-take partners with considerable confidence in our ability to produce a high purity product. I look forward to providing further updates on test work and other importance work streams underway at Paradox in due course.

Anson Resources share price snapshot

The Anson share price is currently trading 200% higher than this time last year and is up 131% year to date.

The company has a market capitalisation of over $59 million with approximately 893 million shares outstanding.

More reading

• Aristocrat (ASX:ALL) share price surges as it finds a sweet spot
• Here’s why the IOUpay (ASX:IOU) share price is pushing higher
• Why the Jupiter Mines (ASX:JMS) share price tanked over 7% today
• ASX 200 up 1.6%: Appen rebounds, ALS acquires Investiga, Woolworths upgraded
• What’s with the Laybuy (ASX:LBY) share price today?

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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The Aristocrat Leisure Limited (ASX: ALL) share price is outperforming the market today as it finds a sweet spot between value and growth.

Such ASX shares aren’t easy to find in the current market with value shares outperforming growth shares.

The Aristocrat share price jumped 4.2% to $32.56 during lunch time trade – making it one of the top performing stocks on the S&P/ASX 200 Index (Index:^AXJO).

ASX growth vs. value battle rages

Growth shares used to be the market darlings in a near zero interest rate environment. You only need to look at how the Afterpay Ltd (ASX: APT) share price and Zip Co Ltd (ASX: Z1P) share price performed in the last year to see what I mean.

But the tables are turning as the market focuses on rising bond yields and the prospect of higher rates.

The ASX share market is at an inflection point as experts debate if now is the time to switch from growth to value.

Aristocrat share price gets best of both worlds

This tussle puts the Aristocrat share price in an advantageous position with Morgan Stanley initiating coverage on the gaming machine market with an “overweight” recommendation.

The broker’s bullish view on the Aristocrat share price is driven by the group’s strong growth potential and very reasonable valuation.

It fits nicely into the “GARP” (growth at a reasonable price) category, in my view. And I believe GARP stocks are among the best placed to outperform the broader market over the next 12-months.

Growth drivers for the Aristocrat share price

The fact that Aristocrat’s balance sheet is stronger than its rivals bodes well for its ability to grow and invest in innovative games.

“This leaves ALL best placed to continue to outperform peers and gain market share in participation gaming, and strengthen its competitive position and the durability (and hence value) of its earnings, in our view,” said Morgan Stanley.

Another growth driver for the group is its digital gaming division. Aristocrat developed a number of apps for mobile phones that have proven to be a hit with consumers.

“We think ALL’s Digital business deserves a 18x FY22 EV/EBIT multiple, at the top end of mobile gaming peers,” added the broker.

“Post COVID-19 we expect ALL to emerge in a net cash position in FY23 with ~A$1.9bn of debt capacity to deploy by FY22.”

This means Aristocrat has a significant war chest to invest in its businesses and/or make bolt-on acquisitions.

What is Aristocrat share price worth?

Morgan Stanley believes the Aristocrat share price is too cheap and isn’t reflective of its growth potential. The ASX share is trading on an expected circa 20 times price-earnings (based on FY22 forecasts).

That puts the Aristocrat share price at around a 20% plus discount to the ASX 200.

The broker’s price target on the stock is $38.

More reading

• ASX 200 up 1.6%: Appen rebounds, ALS acquires Investiga, Woolworths upgraded
• Why the Woodside (ASX:WPL) share price is climbing today
• Why Afterpay, Alkane, ALS, & Woodside shares are storming higher
• Here’s why Biden’s stimulus is pushing the ASX 200 higher today
• Why this new app has brokers excited for the Afterpay (ASX: APT) share price

Brendon Lau owns shares of Aristocrat Leisure Ltd. Connect with me on Twitter @brenlau.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The IOUpay Ltd (ASX: IOU) share price is on course to start the week with a small gain.

In afternoon trade, the Malaysia-based buy now pay later provider’s shares are up 1% to 51.5 cents.

Why is the IOUpay share price pushing higher?

As well as getting a boost from improving investor sentiment in the tech sector, the IOUpay share price was given a lift by a positive announcement this morning.

According to the release, the company has expanded its leadership team with a couple of key new appointments.

Who has IOUpay appointed?

The release explains that Eddie Lee has been appointed Chief Commercial Officer (CCO) and Calvin Yeap has been appointed Chief Marketing Officer (CMO).

In respect to its new CCO, the company advised that Mr Lee brings 20 years of business development, country management, and corporate leadership across the online payments, online data management, and advertising industries.

He will be responsible for the commercial development for IOUpay’s business across the South East Asian region. The company notes Mr Lee has a proven track record of territory expansion and successfully building revenues through developing large big brand corporate relationships and merchant distribution channels.

The CCO has previously held positions as Country Manager for Malaysian listed online publishing and advertising corporate Innity Corporation Berhard. Prior to this, he was President of iPay88 Philippines, where he successfully grew the online payments business to service over 5,000 merchants.

Last week IOUpay announced an agreement with iPay88. You can read about that here.

As for its new CMO, the release advises that Mr Yeap has 15 years of experience specialising in digital marketing, corporate communication, and stakeholder engagement to build brands and revenues across South East Asia.

He has held positions as Head of Operations and Marketing for global travel technology leader Amadeus’ Malaysian operations for five years. He was also Head of Marketing for iPay88 and Head of Corporate Marketing for the Global Payments and Services Division of iPay88’s parent NTT Data Corporation.

The company notes that during his four years with iPay88, Mr Yeap successfully led iPay88 to be a household name in Malaysia. He also successfully launched iPay88 in Cambodia, Thailand and Bangladesh, as well as significantly increasing NTT data’s footprint and brand presence regionally across South East Asia.

Shareholders will no doubt be hoping these new executives bring similar successes to IOUpay.

More reading

• These small cap ASX shares surged more than 100% in February
• Why Afterpay, IOUpay, Liontown Resources, & Redbubble are racing higher
• Why the IOUpay (ASX:IOU) share price is charging 13% higher today
• The IOUpay (ASX:IOU) share price is skyrocketing 30% today
• Why the IOUpay (ASX:IOU) share price crashed 13% lower today

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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Jupiter Mines Ltd (ASX: JMS) share price was down a whopping 7% today before recovering. The negative movement came after the company announced it would indefinitely delay its announced demerger.

At the time of writing, the mining companies share price is at 34 cents – down from yesterday’s close of 35 cents a share.

This drop is a distinct contrast to the 1.7% rise in the S&P/ASX All Ordinaries Index.

How today’s news is affecting Jupiter Mines share price?

In an announcement to the ASX Jupiter Mines advised it was delaying the spinoff of proposed company Juno.

Juno, which was to be an iron ore focused company, was overwhelmingly approved by shareholders at its AGM. The proposed company would have taken ownership of Jupiter’s Central Yilgarn Iron Projects. Juno was slated to commence trading on 17 March 2021.

Stitching Pensioefonds ABP (ABP), which has a near 15% stake, is the company’s second-largest shareholder. The company confirmed they did not want to meet the regulatory requirements of the Foreign Investment Review Board (FIRB). Meeting FIRB requirements is a condition of the Juno initial public offering (IPO) and Jupiter capital reduction.

Jupiter’s CEO, Priyank Thapliyal, commented:

The IPO and the potential uplift that would have occurred with the construction of Mount Mason in the near term in this robust iron ore price market was the optimal structure to release substantial value for Jupiter shareholders. Needless to say, this has been usurped for all the shareholders by the decision of one shareholder, ABP.

What are the FIRB requirements?

According to the FIRB, a foreign investor must notify the federal Treasurer and seek approval before acquiring any interest in an Australian mine or mining entity above a certain monetary threshold.

There are fees and waiting periods with the approval process.

Jupiter Mines share price snapshot

Despite today’s plunge, Jupiter Mines share price is trending upwards. Only 2 weeks ago the company hit its 52-week high of 38 cents a share. In fact, this time last year, shares in the miner were selling at only 23 cents. At today’s price, that’s a 39.6% uplift. Yet, the Jupiter Mines share price is lower than its 2018 IPO price of 42 cents a share.

Jupiter Mines has a market capitalisation of $670 million.

More reading

• ASX 200 up 1.6%: Appen rebounds, ALS acquires Investiga, Woolworths upgraded
• What’s with the Laybuy (ASX:LBY) share price today?
• Why the Woodside (ASX:WPL) share price is climbing today
• Why Afterpay, Alkane, ALS, & Woodside shares are storming higher
• Here’s why Biden’s stimulus is pushing the ASX 200 higher today

Motley Fool contributor Marc Sidarous 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 Why the Jupiter Mines (ASX:JMS) share price tanked over 7% today appeared first on The Motley Fool Australia.

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At lunch on Monday the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a very strong gain. The benchmark index is currently up 1.6% to 6,816.4 points.

Here’s what is happening on the market today:

Tech shares climb higher

The Australian tech sector is rebounding after a strong night of trade on the Nasdaq index on Friday. The likes of Afterpay Ltd (ASX: APT) and Appen Limited (ASX: APX) are recording solid gains and are helping drive the S&P/ASX All Technology Index (ASX: XTX) higher. The technology index is up 1.6% at the time of writing.

ALS announces acquisition

The ALS Ltd (ASX: ALQ) share price is charging higher today after announcing a new acquisition. According to the release, the testing services company has acquired Investiga for an undisclosed fee. Investiga is a pharmaceutical testing business with operations in Brazil and the east coast of the United States. It specialises in the cosmetic and personal care market, providing services to a portfolio of major global clients. Investiga generated A$20 million of revenue in FY 2020.

Woolworths upgraded

The Woolworths Group Ltd (ASX: WOW) share price is outperforming today. This has been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has upgraded the retail giant’s shares to a buy rating with a $43.60 price target. Goldman notes that Woolworths’ shares were trading at a 7% discount to the Industrials ex. Financials index. This compares to a longer term average premium of +12%.

Best and worst ASX 200 performers

The best performer on the ASX 200 on Monday has been the Treasury Wine Estates Ltd (ASX: TWE) share price with a 7% gain. This appears to have been driven by speculation the wine company could be takeover target. Going the other way, the Smartgroup Corporation Ltd (ASX: SIQ) share price is the worst performer on the index with a decline of 4%. This has been driven by its shares trading ex-dividend this morning for its 32 cents per share fully franked final dividend.

More reading

• Why the Woodside (ASX:WPL) share price is climbing today
• Why Afterpay, Alkane, ALS, & Woodside shares are storming higher
• Here’s why Biden’s stimulus is pushing the ASX 200 higher today
• Why this new app has brokers excited for the Afterpay (ASX: APT) share price
• Why the Santos (ASX:STO) share price is down this morning

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 AFTERPAY T FPO and Appen Ltd. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia owns shares of Woolworths Limited. The Motley Fool Australia has recommended SMARTGROUP DEF SET. 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 Laybuy Holdings Ltd (ASX: LBY) share price seesawing today despite announcing a positive market update on its performance. In mid-morning trade, the buy now, pay later (BNPL) provider’s shares are slightly down 0.7% to $1.26.

Quick take on Laybuy

Launched in 2017, Laybuy has been growing rapidly in the United States, Australia, New Zealand, and the United Kingdom. The fintech company has partnered with over 8,000 retail merchants to offer consumers BNPL solutions. The integrated payment platform allows customers to make a purchase and pay it off over 6 weekly instalments without incurring interest.

What was announced?

The Laybuy share price hasn’t gone anywhere today as investors appear unfazed by the company’s latest update.

According to this morning’s release, Laybuy advised that it is continuing to deliver a strong result for FY21. Based on the current performance, the company expects revenue and net transaction margin to be above analyst estimates.

As such, FY21 forecasted revenue is projected to come in the range of NZ$32 million to NZ$33 million. This represents an increase of 132% to 139% year-on-year. The group recorded revenue of NZ$13.7 million for FY20. In addition, net transaction margin value is anticipated to stand between NZ$10.2 million and NZ$10.7 million. Furthermore, Laybuy stated that executing key strategic initiatives like its global partner programme drove the underlying performance.

The company reported Annualised Gross Merchant Value (GMV) of NZ$630 million based on annualising GMV for January and February. This is a lift of the originally assumed GMV estimate of NZ$581 million to NZ$586 million for FY21.

 640 active merchants and 45,811 active customers were added to Laybuy’s books since the start of the calendar year.

Laybuy revealed that it will release its Q4 business update on 20 April 2021.

About the share price

Since its listing last September at $1.41, the Laybuy share price has fallen around 10% in value. However, the company’s shares stormed to a record high of $2.30 in the days following the IPO, and then headed south.

More recently, its shares have been relatively stable from the beginning of January, down 1.5% year-to-date.

More reading

• Why the Woodside (ASX:WPL) share price is climbing today
• Why Afterpay, Alkane, ALS, & Woodside shares are storming higher
• Here’s why Biden’s stimulus is pushing the ASX 200 higher today
• Why this new app has brokers excited for the Afterpay (ASX: APT) share price
• Why the Santos (ASX:STO) share price is down this morning

Motley Fool contributor Aaron Teboneras 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 Woodside Petroleum Limited (ASX: WPL) share price is one to watch in early trade. Shares in the Aussie oil and gas giant have jumped 2.5% this morning in good news for shareholders. At the time of writing, the Woodside share price has retreated slightly, trading for $26.05, up 2.28%.

Why is the Woodside share price climbing?

For one thing, the S&P/ASX 200 Index (ASX: XJO) has started strongly after a soft end last week.

One of the biggest factors driving the Woodside share price higher this morning, however, has been rising crude oil prices.

Woodside is the largest operator of oil and gas production in Australia. Additionally, it is Australia’s largest independent dedicated oil and gas company.

That means the Woodside share price tends to move in step with crude oil prices which have a direct impact on revenues and profitability.

Friday night saw crude oil prices climb higher which has translated to strong share price momentum this morning. 

According to Bloomberg, the West Texas Instruments (WTI) crude oil price rose 1.6% to US$67.15 a barrel and the Brent crude oil price climbed 1.5% to US$70.42 a barrel.

That continues the strong rebound in recent days for the global commodity, largely driven by international oil cartel OPEC holding firm with its production cuts.

Strong US economic data has also boosted hopes of a rebound in oil demand and therefore stronger pricing.

Those oil price gains have seen the Woodside share price surge higher in early trade. However, not all ASX energy shares have been seeing gains to kick off the trading week.

Despite the oil price gains, shares in rival Santos Ltd (ASX: STO) have slid lower this morning.

The Santos share price has fallen from its $7.76 per share Friday closing price after its largest shareholder sold 107.1 million or 5.14% of shares on issue.

ENN Group sold down the shares in an oversubscribed process at $7.33 per share and retains a 9.97% stake in Santos.

More reading

• Why Afterpay, Alkane, ALS, & Woodside shares are storming higher
• Here’s why Biden’s stimulus is pushing the ASX 200 higher today
• Why the Santos (ASX:STO) share price is down this morning
• This unexpected second COVID boom will lift these ASX shares in 2021
• 5 ASX shares to buy in a market crash

Motley Fool contributor Ken Hall 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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It has been a fantastic start to the week for the S&P/ASX 200 Index (ASX: XJO). In late morning trade the benchmark index is up 1.7% to 6,823.5 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:

Afterpay Ltd (ASX: APT)

The Afterpay share price is up over 3% to $119.06. Investors have been buying Afterpay and other tech shares on Monday following a strong night of trade on the tech-heavy Nasdaq index on Friday. The buying has been so strong that the S&P/ASX All Technology Index (ASX: XTX) is up a sizeable 1.9% at the time of writing.

Alkane Resources Limited (ASX: ALK)

The Alkane Resources share price has climbed 3% to 70 cents. This morning the gold-focused mineral exploration company revealed positive drilling results from its Northern Molong Porphyry Project. Management commented: “These results give us added confidence to pursue our drilling campaign as we seek to identify what could potentially be a series of substantial deposits across our Northern Molong Porphory Project.”

ALS Ltd (ASX: ALQ)

The ALS share price is up over 3% to $9.79 after announcing a new acquisition. This morning the testing services company announced that it has acquired Investiga for an undisclosed fee. Investiga is a pharmaceutical testing business with operations in Brazil and the east coast of the United States. It currently has 360 employees and generated A$20 million of revenue in FY 2020.

Woodside Petroleum Limited (ASX: WPL)

The Woodside share price has risen 2.5% to $26.10. There appear to be a couple of catalysts for this solid gain. One is another rise in oil prices on Friday night and the other is a broker note out of Ord Minnett. In respect to the latter, this morning the broker upgraded Woodside’s shares to a buy rating with a $29.05 price target.

More reading

• Why the Woodside (ASX:WPL) share price is climbing today
• Why this new app has brokers excited for the Afterpay (ASX: APT) share price
• Why the ALS (ASX:ALQ) share price is surging over 6% higher today
• The Zip (ASX:Z1P) share price is down 34% in less than a month
• Why interest rates matter for 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 AFTERPAY T FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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