The Motley Fool

Why these 4 ASX shares are dropping lower today

After a positive start to the day, the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has started to fade in early afternoon trade. At the time of writing the benchmark index is down 0.5% to 5,703.2 points.

Four shares that have fallen more than most today are listed below. Here’s why they have dropped lower:

The Aveo Group (ASX: AOG) share price has fallen 6% to $1.60. The retirement communities company’s shares have come under pressure for a second day in a row after being downgraded by analysts at Macquarie this morning. The broker was disappointed with Aveo Group’s sales guidance downgrade on Wednesday and doesn’t expect trading conditions to improve in the near term.

The FBR Ltd (ASX: FBR) share price has given back a lot of yesterday’s gains and is down 9.5% to 19 cents. The robotics company’s shares rocketed higher yesterday after it revealed that it has successfully demonstrated its robotic home building technology by building a 180-metre squared, 3-bedroom, 2-bathroom home structure in less than the targeted total elapsed time of three days. Day traders appear to be taking profit today.

The Maca Ltd (ASX: MLD) share price has crashed 27% lower to 85.5 cents after the mining and civil construction company provided a market update at its annual general meeting. Due largely to a tightening labour market, the company advised that it has experienced margin pressure in its core mining division. As a result, first half net profit after tax is expected to be approximately $7 million to $9 million. This compares to $12 million in the prior corresponding period, which itself was down 28% from a year earlier.

The Syrah Resources Ltd (ASX: SYR) share price has dropped almost 3% to $1.73 despite there being no news out of the graphite miner. Its shares have now fallen by almost 16% since this time last week. Prior to that Syrah’s shares had been strong performers following news that production had recommenced at Balama and that the company had signed a sales agreement with Qingdao Taida-Huarun New Energy Technology.

Need a lift after these declines? Then check out these top shares that have been tipped as potential market-beaters.

Top 3 ASX Blue Chips To Buy For 2019

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2019."

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

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. 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