It has been a positive start to the week for the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO). In afternoon trade the benchmark index is almost 0.4% higher at 5,926 points.
Unfortunately not all shares have been able to follow the market higher today. Here’s why these four shares have started the week in the red:
The Beadell Resources Ltd (ASX: BDR) share price has fallen 4% to 18.7 cents following the release of its quarterly update. According to the release, the gold miner produced 28,764 ounces during the September quarter. Although this was a 21% increase on the prior quarter, it wasn’t as strong as many had expected and means that full-year production will be at the low-end of its guidance range.
The Domino’s Pizza Enterprises Ltd. (ASX: DMP) share price is down 2.5% to $47.21. Today’s decline may be related to a broker note released on Friday by Deutsche Bank which labelled the pizza chain operator as a sell with a $36 price target. I still think that Domino’s could be a good buy and hold investment.
The Sigma Healthcare Ltd (ASX: SIG) share price has tumbled 6.5% to 76.7 cents despite there being no news out of the pharmacy chain operator and distributor. A number of retail shares have sunk lower today during a broad sector sell off. I wouldn’t recommend buying the dip on this one though.
The Super Retail Group Ltd (ASX: SUL) share price has fallen 3.5% to $7.86. Like Sigma, Super Retail appears to have been caught up in a retail sell off. However, unlike Sigma, this is one retailer I would suggest investors considering buying on the dip. Its cheap price, strong start to FY 2018, and favourable broker notes make it a buy in my opinion.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Super Retail Group Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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