The Motley Fool

Why these 4 ASX shares have started the week in the red

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has given back its early gain and has sunk into the red. At the time of writing the benchmark index is down over 0.2% to 6,210 points.

Four shares that have fallen more than most today are listed below. Here’s why they are starting the week in the red:

The Bellamy’s Australia Ltd (ASX: BAL) share price has sunk a further 3% to $16.25 despite there being no news out of the organic infant formula company. Bellamy’s shares have been one of the most volatile on the market of late. But if you can overlook this and think long-term then I feel you could do very well from an investment.

The Clean TeQ Holdings Limited (ASX: CLQ) share price has plunged 11% to 94.5 cents after providing a definitive feasibility study for its Sunrise operation. Although the study reveals that the operation has a post-tax net present value of approximately US$1.4 billion and an internal rate of return of 19.1%, it appears that some investors were expecting more from the cobalt, nickel and scandium resource.

The Commonwealth Bank of Australia (ASX: CBA) share price has dropped almost 2.5% to $72.12 after the banking giant announced radical restructure plans. According to the release, the bank intends to demerge and float its asset management business as it moves away from operations outside its key home loan, retail, and business banking segments.

The Hansen Technologies Limited (ASX: HSN) share price has continued its slide and is down a further 2.5% to $3.09 after Ord Minnett slashed its price target to $3.43 from $4.54. The broker rates Hansen as a hold. Last week the billing solutions company surprised the market with a sizeable profit guidance downgrade and a weak outlook for FY 2019. While there are question marks over its ability to grow organically, when the dust settles I think it could be worth a closer look.

7 of 8 People Are Clueless About This Trillion-Dollar Market

One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:

Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.

Don't miss your chance click here to learn about this warning and how you might be able to profit!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Hansen Technologies. 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 Scott Phillips.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more