The Motley Fool

Why these 4 ASX shares are ending the week in the red

Although it has bounced back from its session lows, in afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week in the red. At the time of writing the index is down 0.3% to 5,926.4 points.

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

The Afterpay Touch Group Ltd (ASX: APT) share price is down 3.5% to $12.48. While Afterpay Touch does have a Senate inquiry hanging over it, today’s decline is likely to be in response to a tech selloff on Wall Street overnight. The FAANG stocks fell heavily as global trade wars and rising bond yields weighed on investor sentiment.

The LiveHire Ltd (ASX: LVH) share price has plunged 8.5% to 43 cents. On Thursday the talent technology company released its quarterly update which revealed a 22% quarter on quarter increase in annualised recurring revenue to $1.65 million. While this growth is positive, I don’t believe it justifies its market capitalisation of well over $100 million.

The Michael Hill International Ltd (ASX: MHJ) share price is down 4.5% to 65 cents. Its shares have tumbled lower this week after the release of a disappointing quarterly update. In the September quarter Michael Hill saw its global sales fall 8.8% on the prior corresponding period to $122.9 million. Management admitted that it underestimated the marketing and promotional activities required to support its strategic shift away from a reliance on discount-based pricing.

The REA Group Limited (ASX: REA) share price has dropped 3.5% to $71.68 despite there being no news out of the property listings company. I suspect that its shares have been caught up in the tech selloff today. With its shares down significantly from their 52-week high, I feel it could be worth considering an investment in REA Group with a long-term view.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended REA 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 Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now