The Motley Fool

Why Kogan, Northern Star, Retail Food Group, & Syrah shares dropped lower today

In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has managed to push ever so slightly higher. At the time of writing the benchmark index is up 4 points to 6,183.5 points.

Four shares that have failed to follow the market higher today are listed below. Here’s why they are ending the week in the red:

The Ltd (ASX: KGN) share price has given back some of yesterday’s gains and is down 2.5% to $3.76. The ecommerce company’s shares rose strongly on Thursday after it announced the launch of Kogan Marketplace. The platform will give its customers more choice and allow businesses to reach more customers. Kogan will earn a commission on sales made through the Marketplace.

The Northern Star Resources Ltd (ASX: NST) share price has tumbled 3% to $8.81 after the gold price dropped lower. Overnight the spot gold price dropped 1% to US$1,296.40 an ounce after no-deal Brexit fears faded. According to CNBC, the precious metal has continued to slide in Asian trade. Northern Star isn’t the only gold miner in the red today. The S&P/ASX All Ords Gold index is down 2.3% at the time of writing.

The Retail Food Group Limited (ASX: RFG) share price has crashed 11% lower to 16.5 cents following the release of the franchise inquiry report yesterday afternoon. The embattled food and beverage company was singled out in one of the report’s recommendations. It recommends that the ACCC, ASIC and the ATO conduct investigations into the operations and dealings of the company with regard to matters including Australian Consumer Law, insider trading, and tax avoidance.

The Syrah Resources Ltd (ASX: SYR) share price has fallen 6% to $1.08. On Thursday the graphite producer released a disappointing quarterly update which revealed it expects even weaker than anticipated prices for its graphite during the first quarter. Management advised that it expects a weighted average graphite price of between US$460 and US$470 per tonne during the quarter, compared to its guidance range of US$500 to US$600 per tonne

NEW! Analyst Names 3 Best Dividend Picks for March

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.

Click here to claim your free copy right now!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ltd. 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.