The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a positive start to the week and in afternoon trade is up 0.5% to 6,223.9 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they have started the week in the red:
The Evolution Mining Ltd (ASX: EVN) share price has fallen 5% to $3.42 after a sharp decline in the gold price on Friday. At the time of writing the spot gold price is fetching US$1,296 an ounce, meaning it has fallen almost 4% in the less than two weeks. Almost all gold miners have sunk lower today, leading to the S&P/ASX All Ords Gold index tumbling 3.4% this afternoon.
The FBR Ltd (ASX: FBR) share price has continued its slide and is down a further 6% to 9.9 cents. This latest decline means that the robotics company’s shares have dropped around 29% over the last three weeks. The catalyst for this has been a recent $17 million placement at 10.5 cents per share. These funds will be used to continue the “development and testing program for the Hadrian X and its transition into the WaaS business.”
The Japara Healthcare Ltd (ASX: JHC) share price has dropped 4% to $1.36 despite there being no news out of the aged care provider. However, prior to today Japara’s shares had rallied 27% since the start of the year. This could mean that some investors are taking a little bit of profit off the table today.
The Yojee Ltd (ASX: YOJ) share price has plunged 13% lower to 6.7 cents. After the market closed on Friday the logistics technology company released its half year results and revealed revenue of $0.9 million and a loss of $2.5 million. The company finished the period with a cash balance of $6 million, which could mean another capital raising is necessary in the near future.
With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.
Hint: These are 3 shares you’ve probably never come across before.
They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”
We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."
Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!
The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this 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.