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The market may be a sea of red on Tuesday, but that hasn’t stopped one ASX All Ords share from shooting higher.

In afternoon trade, the PPK Group Limited (ASX: PPK) share price is up 20% to $1.12.

Why is this ASX All Ords share shooting higher?

Investors have been buying this ASX All Ords share in response to the release of a promising announcement.

According to the release, the technology investment company has entered into a series of conditional transactions to acquire a material interest in PowerPlus Energy.

PowerPlus Energy is Australia’s largest privately owned lithium battery manufacturer. It specialises in supplying reliable, long-lasting modular battery storage solutions for on-grid and off-grid homes and businesses.

Management notes that the strategic acquisition complements its key business, commercial and operational strategies, and is synergistic with its other investments. This includes its investment in Li-S Energy Ltd (ASX: LIS).

If all conditions are met, PPK will initially pay $1.8 million to acquire a 33% interest in PowerPlus Energy under a share purchase agreement. It also has a clear fixed price pathway to increase its interest up to 75% within two years for an additional $2.8 million.

Management commentary

PPK’s Chairman, Robin Levison, was pleased with the news. He commented:

PPK has been assessing a variety of opportunities in the energy market as we believe the world continues to shift towards renewable energy, and that energy storage will play a crucial role in ensuring a reliable and efficient energy system. We see the PowerPlus Energy acquisition as a key step in supporting this shift.

PowerPlus Energy’s founder, Bradley Paton, echoed this. He added:

We are excited by the opportunity for PowerPlus Energy to join the PPK Group of companies, which will help drive growth pathways in our business. This growth will also provide upside opportunities to our Australian suppliers, both to grow their businesses and innovate with us.

The post Guess which ASX All Ords share is rocketing 20% on lithium battery news appeared first on The Motley Fool Australia.

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More reading

• Why did the Bank of Queensland share price just hit a multi-year low?
• Another ASX 200 company has been hit with a cyber incident. Here’s what we know
• Down 24% in a month, is the Pilbara Minerals share price now a bargain buy?
• Leading brokers name 3 ASX shares to buy today
• Magellan share price slumps 5% to 10-year low

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

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As most investors would be painfully aware by now, the S&P/ASX 200 Index (ASX: XJO) has had a truly awful week so far. Yesterday, the ASX 200 lost 0.5%, which has been backed up by today’s savage 1.64% sell-off (so far).

But let’s check out the damage that has been done to the Bank of Queensland Ltd (ASX: BOQ) share price. Bank of Queensland shares have had an even worse time of it today. This ASX 200 bank share has lost a nasty 2.55% at the time of writing, which puts the bank at $6.49 a share.

It was worse for this regional ASX bank this morning too. At one point, Bank of Queensland shares got down to a low of $6.32 each. Not only is that a new 52-week low for the Bank of Queensland share price, but it is the lowest this ASX 200 share has traded at since October 2020:

So why are Bank of Queensland shares seemingly getting singled out for punishment on the ASX this week?

ASX 200 bank shares feel the squeeze

Well, the first thing to note is that it’s not just Bank of Queensland that is feeling the pain. As we touched on earlier, it is the entire ASX 200 that is having a rough time of it this week. It’s hard to find an ASX 200 share outside the gold sector that is having a decent week thus far.

But ASX 200 banks seem to be getting especially hard hit by this bout of selling. All of the ASX 200 banks are down substantially over the past few days. But it seems to be the smaller banks outside the Big Four that are getting the biggest caning.

Case in point, since last Friday, the Commonwealth Bank of Australia (ASX: CBA) share price has lost 0.87% of its value. Westpac Banking Corp (ASX: WBC) shares are faring worse, down around 2%.

Why is the Bank of Queensland share price at a two-year low today?

But Bank of Queensland has lost around 4.3% over the same period. Bendigo and Adelaide Bank Ltd (ASX: BEN) shares are down by 2.35%. And Macquarie Group Ltd (ASX: MQG) has lost more than 4.5%.

So what’s going on here?

Well, it’s no secret that the woes that the ASX has been experiencing this week largely stem from the ructions we’ve seen over on the US markets with the collapse of the US bank SVB Financial Group. When banks run into trouble, it tends to really spook investors. This is because it could indicate problems with the entire financial system.

As such, we’ve seen bank shares all around the world come under pressure over the past few days. One of the largest US banks – Bank of America Corp – has lost close to 17% over the past week alone.

Smaller banks can be deemed riskier simply due to their size and lack of scale compared to larger banks. As such, they are often shunned by investors in times of strife. This probably explains why the Bank of Queensland, share price, along with the other smaller ASX bank shares, are faring worse than the big banks today.

The post Why did the Bank of Queensland share price just hit a multi-year low? appeared first on The Motley Fool Australia.

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More reading

• Why Bank of Queensland, Brainchip, Pilbara Minerals, and Yancoal shares are sinking today
• ASX 200 bank shares: Are they better prepared than Silicon Valley Bank?
• Why are ASX 200 bank shares like CBA being annihilated today?
• Why did the Bank of Queensland share price smash the ASX 200 in February?

SVB Financial provides credit and banking services to The Motley Fool. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen owns shares of Bank of Queensland. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bank of America and SVB Financial. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank and Macquarie Group. The Motley Fool Australia has recommended SVB Financial and Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The IPH Ltd (ASX: IPH) share price is missing out on the market selloff today.

That’s because the ASX 200 intellectual property (IP) services company’s shares were slammed into a trading halt this morning.

However, judging by its trading halt request, its shares may well take a tumble when they return to trading on the ASX boards on Wednesday.

Why is this ASX 200 share in a trading halt?

IPH requested a trading halt on Tuesday after it became the latest victim of a cybersecurity incident.

This follows incidents in recent months impacting Costa Group Holdings Ltd (ASX: CGC), Medibank Private Ltd (ASX: MPL), Optus, and TPG Telecom Ltd (ASX: TPG).

Not much is known about the cyber-attack at present, with IPH holding its cards close to its chest. Its request only states:

IPH requests the trading halt to enable it to manage its continuous disclosure obligations in relation to a cyber incident that IPH has recently become aware of; (b) IPH requests that the trading halt continue until the earlier of a release of an announcement by IPH and the commencement of normal trading on Wednesday, 15 March 2023.

Investors will have to be patient and wait for that announcement tomorrow to see what damage has been done from the attack.

In light of the above, it is no wonder that the Betashares Global Cybersecurity ETF (ASX: HACK) share price is up over 6% this year. This compares favourably to the performance of the ASX 200 index, which is down almost 1% in 2023.

The post Another ASX 200 company has been hit with a cyber incident. Here’s what we know appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 stocks marching higher following earnings updates

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has positions in and has recommended BetaShares Global Cybersecurity ETF. The Motley Fool Australia has recommended Costa Group, IPH, and Tpg Telecom. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Pilbara Minerals Ltd (ASX: PLS) share price is digging a deeper hole on Tuesday.

At the time of writing, shares in the lithium producer are down 6.2% to $3.65. The company is not alone in its punishment today, with nearly the entire S&P/ASX 200 Index (ASX: XJO) sitting in the red, aside from some strength among gold miners.

It’s been a tough month for Pilbara Minerals shares amid a cascading lithium price. A mixed bag of views on the battery commodity has cast doubt on the industry’s future cash flows. In turn, the Pilbara Minerals share price has tumbled 24% over the past month.

Could the downtrodden price represent a valuable opportunity?

Time to pull the trigger on Pilbara Mineral shares?

First and foremost, mining is a price-taking industry. Profits for companies — including those of Pilbara Minerals — are heavily dependent on the going rate for the commodity in question.

All else equal, you can expect the company’s earnings to grow in lockstep with the material. Hence, the supply and demand of lithium are critical to the performance of the industry and the companies that operate in it.

As we can see in the chart below, Pilbara’s profits have skyrocketed alongside the price of lithium since 2021. However, lithium futures (orange) have traded downwards since the end of last year, coinciding with the peak in revenue.

While Pilbara Minerals shares may look cheap at a price-to-earnings (P/E) ratio of 6.6 right now, this is based on the past 12 months of earnings. The concern is earnings could be meaningfully lower moving forward with lithium carbonate prices tumbling nearly 40% so far this year.

If the current Pilbara Minerals share price represents an opportunity then it really comes down to whether you believe lithium prices will trend higher or sustain their downward move.

What are analysts forecasting for lithium?

As previously mentioned, the future of lithium depends on who you ask and over what time frame.

My colleague, Tristan Harrison, recently wrote about Citi’s forecasts of further weakening in the electrifying material’s price.

According to the broker, short-term pressure will come from a perceived weakness in electric vehicle demand in China. As such, Citi’s analysts are expecting a price of US$40,000 per tonne in the next three months compared to its prior US$60,000 per tonne estimate.

Meanwhile, the team at Morgans is expecting demand in the Chinese market to return from March onwards. On this assumption, analysts think Pilbara Minerals shares are worth considering amid the selling.

The post Down 24% in a month, is the Pilbara Minerals share price now a bargain buy? appeared first on The Motley Fool Australia.

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More reading

• Why Bank of Queensland, Brainchip, Pilbara Minerals, and Yancoal shares are sinking today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Here’s why experts rate these ASX 200 growth shares as buys
• Will the Pilbara Minerals share price crash in 2023?
• Top brokers name 3 ASX shares to buy next week

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

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares that leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

IDP Education Ltd (ASX: IEL)

According to a note out of Credit Suisse, its analysts have initiated coverage on this language testing and student placement company’s shares with an outperform rating and $35.50 price target. The broker likes the company due to its defensive earnings and exposure to structural growth markets. The latter is expected to be supported by the growing middle class in Asia. The IDP Education share price is trading at $27.98 today.

Global Lithium Resources Ltd (ASX: GL1)

A note out of Macquarie reveals that its analysts have retained their outperform rating on this lithium developer’s shares with a trimmed price target of $3.60. This follows the release of its latest drilling update, which points to a large north-eastern extension of the existing Manna Deposit. Macquarie was pleased with the update and has only trimmed its valuation to account for a probable equity funding package to support project development. The Global Lithium share price is fetching $1.32 this afternoon.

Woolworths Group Ltd (ASX: WOW)

Analysts at Citi have retained their buy rating and $42.20 price target on this retail giant’s shares. The broker is feeling relatively positive on consumer spending and has boosted its earnings estimates marginally to reflect this. Citi is forecasting earnings per share growth of approximately 14% in both FY 2023 and FY 2024. The Woolworths share price is trading at $36.22 on Tuesday.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Should I buy Woolworths shares at $37?
• ‘Still has legs’: Not too late to buy these 2 stellar ASX 200 shares, says expert
• Big lesson from reporting season: STAY AWAY from these ASX shares, says expert
• ‘A rocky road ahead’: Expert names 2 ASX 200 shares to thrive in a tough 2023
• Here’s how I would secure monthly dividends in the 2024 financial year with these ASX stocks

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

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Well, it’s been an awful day for the S&P/ASX 200 Index (ASX: XJO) so far this Tuesday, no way around it. At present, the ASX 200 has lost a meaty 1.65%, dragging the Index back under 7,000 points. And one of the worst casualties of this market pessimism is the Magellan Financial Group Ltd (ASX: MFG) share price.

Magellan shares haven’t done well in the face of this ASX sell-off, to put it kindly. This ASX 200 fund manager has cratered by a nasty 4.4% at the time of writing, putting the company down to $8.03 a share. 

This bad news was a lot worse this morning too. Just before midday, the Magellan share price fell as low as $7.90 a share.

Not only is that a new 52-week low for Magellan, but it represents a new 10-year low for the fund manager. Yep, you’d have to go back all the way to June 2013 to find the last time Magellan was trading with a 7 at the front of its share price:

So what’s going on with Magellan today that has the company at a decade low?

Why is the Magellan share price at a 10-year low today?

Well, it doesn’t appear to be the result of anything out of the company itself. There hasn’t been much in the way of news at all out of Magellan recently. The company’s last ASX announcement was the funds under management (FUM) update we received on 6 March.

This didn’t contain much in the way of good news, with Magellan’s FUM standing at $45.4 billion as of 28 February, down from $6.2 billion at the end of January.

Magellan shares have been losing steam ever since this update was released, but its losses have accelerated sharply over the past few days. In fact, over the past week alone, the Magellan share price is down by more than 7%.

As such, it looks like investors are bailing out of Magellan thanks to the woes of the broader market. As we’ve extensively covered here at the Fool, the collapse of the US bank SVB Financial Group has spooked markets all around the world.

The ASX sell-off in the wake of the news that SVB had gone under late last week has resulted in the ASX 200 losing all of the gains that it had notched up in 2023 so far.

So it seems that investors can thank this bout of panic for the lows we are seeing in the Magellan share price this Tuesday.

The post Magellan share price slumps 5% to 10-year low appeared first on The Motley Fool Australia.

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More reading

• Why has the Newcrest share price leapt 7% in under a week?
• ASX 200 dives 2%, wiping out last of 2023 gains
• Top ASX 200 tech shares to buy right now: Morgans
• 5 things to watch on the ASX 200 on Tuesday
• 3 ASX 200 shares trading ex-dividend on Tuesday

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

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The Qantas Airways Limited (ASX: QAN) share price has been caught up in the market selloff on Tuesday.

At the time of writing, the airline operator’s shares are down 3% to $6.30.

This means that its shares are now down over 7% over the last three sessions.

Should you buy Qantas shares?

One leading broker that is likely to see this as a buying opportunity is Goldman Sachs.

According to a recent note, its analysts have put a conviction buy rating and $8.30 price target on its shares.

This implies potential upside of almost 32% for Qantas’ shares over the next 12 months.

Why is Goldman so bullish?

Goldman believes the market is thoroughly undervaluing Qantas based on its positive outlook and significantly improved earnings capacity. In fact, its analysts highlight that its shares are still trading below pre-COVID levels despite this. The broker explained:

As a key beneficiary of the re-opening of the world post-COVID, we expect the airline’s traffic capacity to return to 96% of pre-COVID levels by FY24e, with the airline’s earnings capacity (EPS) expected to exceed that of pre-COVID levels by ~65%.

We forecast a ~14% FY19-24e cumulative uplift in unit revenues (c. 2.5%pa), and ~50% drop-through of QAN’s A$1bn+ structural cost-out program. QAN’s current market capitalisation and enterprise value are 1% above and 14% below pre-COVID levels. As such, we believe QAN is not priced for a generic recovery, let alone prospects for improved earnings capacity. We continue to see upside associated with substantially improved MT earnings capacity and include QAN in our regional Conviction List.

All in all, this could make the recent weakness a great opportunity for investors to pick up Qantas shares at a discount.

The post Qantas shares have dumped 7% in 3 days. Should I buy? appeared first on The Motley Fool Australia.

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More reading

• ‘Still has legs’: Not too late to buy these 2 stellar ASX 200 shares, says expert
• 7 ASX All Ordinaries shares smashing new 52-week highs today
• Qantas share price could surge to $10: JPMorgan
• Qantas share price flying higher despite new labour disruptions
• Qantas share price takes off to new multi-year high on Tuesday

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

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ASX lithium shares were among the top performers on the exchange amid all-time high lithium prices in 2022.

While concerns over a potential short-term oversupply of the battery-critical metal has pressured lithium stocks more recently, that hasn’t stopped one-time short seller Tim Murray from joining forces with Anson Resources Ltd (ASX: ASN).

ASX lithium share may have found ‘the Holy Grail of mining’

Murray, the former managing partner of J Capital, an activist short seller, was amongst the loudest critics of the lithium boom and wrote reports highlighting why he thought a number of ASX lithium shares were on shaky ground.

Now he’s singing a slightly different tune, after signing on with Anson Resources in January as the miner’s chief operating officer (COO).

To be clear, he’s not bullish on all ASX lithium shares. But he highlights the potential for Anson Resources to use direct lithium extraction (DLE) to produce lithium in a far more environmentally friendly way than conventional methods.

“It’s sort of like the Holy Grail in lithium mining,” Murray said (courtesy of The Australian Financial Review).

Murray said the standard process used to produce lithium to make batteries “involves a lot of waste” with evaporation ponds.

According to Murray:

It’s dirty, there’s lots of water and chemical usage, lots of coal power too. But this is different, that’s why it’s so attractive because you get green lithium through this process. That’s how I went from sceptic to believer.

Anson Resources’ core asset is the Paradox Lithium Project in the US state of Utah.

But there’s a long road ahead before the miner realises any potentially successful DLE production. The company had $45 million in cash as at 31 December, and forecasts it will need more than $700 million to get Paradox up and running.

However, Murray pointed to Anson’s agreement with China-based Sunresin to license its proven DLE technology as giving the ASX lithium share a big edge over its rivals.

“Anson is way ahead of other companies. Sunresin is a big deal. A lot of other players are just a few mates in a shed tinkering with some test tubes,” he said (quoted by the AFR).

As part of the S&P Dow Jones Indices quarterly rebalance of the S&P/ASX Indices, Anson resources will be added to the All Ordinaries Index (ASX: XAO) next Monday, 20 March.

Anson Resources share price snapshot

As you can see on the chart below, the ASX lithium share has been a strong performer over the past 12 months, up 75%.

The stock is up 17% so far in 2023.

The post Guess which ASX lithium share turned one sceptic into a bona fide believer appeared first on The Motley Fool Australia.

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More reading

• 5 ASX lithium shares being added to the All Ordinaries in the latest rebalance
• At under 30 cents each, are these ASX lithium stocks cheap?

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

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The S&P/ASX 200 Index (ASX: XJO) is out of form again on Tuesday. In afternoon trade, the benchmark index is down 1.65% to 6,992.1 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:

Kingsgate Consolidated Limited (ASX: KCN)

The Kingsgate share price is up 10% to $1.61. Investors have been buying this gold miner’s shares for a couple of reasons. One is a rise in the gold price and the other is an update on the Chatree Gold Mine. The latter reveals that inspectors have given its Thailand-based mine the thumbs up for reopening.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is rising again and is up 11% to $10.08. Investors have been buying this biotech company’s shares this week after its treatment for Rett’s Syndrome was granted US FDA approval. The company has a deal in place with its partner Acadia Pharmaceuticals (NASDAQ: ACAD) that could underpin significant royalty and milestone payments.

Newcrest Mining Ltd (ASX: NCM)

The Newcrest share price is up over 3% to $24.81. Investors have been buying this gold miner’s shares following a strong rise in the gold price. This was driven by demand for safe haven assets and has lifted the whole industry. For example, the S&P/ASX All Ordinaries Gold index is up almost 3% today.

Pushpay Holdings Ltd (ASX: PPH)

The Pushpay share price is up 2.5% to $1.16. This morning, this payments company revealed that it has given Pegasus Bidco another day to make an improved takeover offer. The suitor now has until 7pm New Zealand time on Wednesday to make its new proposal. This comes after shareholders rejected its previous offer at the start of the month.

The post Why Kingsgate, Neuren, Newcrest, and Pushpay shares are rising today appeared first on The Motley Fool Australia.

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More reading

• Why has the Newcrest share price leapt 7% in under a week?
• Why is everyone suddenly talking about ASX 200 gold stocks again?
• Why are ASX 200 gold stocks like Northern Star having such a stellar run today?
• Why Neuren, Northern Star, Race Oncology, and Westgold shares are storming higher
• Guess which ASX All Ords stock is rocketing 27% on a new FDA approval

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The S&P/ASX 200 Index (ASX: XJO) is having a very difficult time on Tuesday. In afternoon trade, the benchmark index is down 1.9% to 6,974.9 points.

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

Bank of Queensland Ltd (ASX: BOQ)

The Bank of Queensland share price is down over 4% to $6.39. Investors have been selling bank shares today amid concerns over the collapse of Silicon Valley Bank last week. The regional players have been hit particularly hard on contagion fears.

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price has crashed a further 8% to a new 52-week low of 46 cents. This struggling semiconductor company’s shares have been hammered since it revealed second-half revenue of just US$250,000 last month. And with a market capitalisation of just under $900 million, there could still be plenty more declines to come. No wonder short sellers are loading up on the meme stock.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is down 5% to $3.69. This has been driven by the broad market weakness today, with higher risk assets getting hit hardest. And given how high up the risk curve lithium shares are, it isn’t surprising to see Pilbara Minerals and its peers come under pressure.

Yancoal Australia Ltd (ASX: YAL)

The Yancoal share price is down 14% to $5.87. The catalyst for this was the coal miner’s shares going ex-dividend this morning. Last month, thanks to strong coal prices, the coal miner delivered a bumper profit and declared a massive 70 cents per share fully franked final dividend. This represents a 10.2% yield based on its last close price.

The post Why Bank of Queensland, Brainchip, Pilbara Minerals, and Yancoal shares are sinking today appeared first on The Motley Fool Australia.

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More reading

• ASX 200 bank shares: Are they better prepared than Silicon Valley Bank?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Here’s why experts rate these ASX 200 growth shares as buys
• Why Atlantic Lithium, Arafura, Brainchip, and Core Lithium shares are falling
• Will the Pilbara Minerals share price crash in 2023?

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

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