NextDC Ltd (ASX: NXT) shares are slipping today.

Shares in the S&P/ASX 200 Index (ASX: XJO) data centre operator and developer closed yesterday trading for $14.58. In early afternoon trade on Tuesday, shares are changing hands for $14.49 apiece, down 0.6%.

For some context, the ASX 200 is up 0.9% at this same time.

Today’s underperformance is not par for the course for this ASX 200 tech stock, with shares up 8.9% over the past year compared to the 3.5% 12-month gains posted by the benchmark index.

And savvy investors who bought NextDC shares at the one-year closing lows of $11.26 on 2 April will now be sitting on gains of 28.7%.

But following that strong six-week run higher, is the ASX 200 stock still a good buy today?

Should you buy NextDC shares now?

Dolphin Partners Financial Services’ Arthur Garipoli recently ran his slide rule over the ASX tech stock (courtesy of The Bull).

“This global data centre operator recently raised capital via a 1 for 5.4 pro rata, non-renounceable rights issue to institutions and retail investors at $12.70 a share,” Garipoli said.

“Proceeds of more than $1 billion will be used to construct data centres to meet rapidly growing demand from cloud computing customers,” he added.

Despite the company’s strong growth forecasts, Garipoli isn’t ready to pull the trigger yet, issuing a hold recommendation on NextDC shares.

He concluded:

A compounded annual growth rate in operating earnings of more than 40% is expected between fiscal years 2025 and 2028, as contracted capacity translates to revenue and earnings going forward.

What’s been happening with the ASX 200 tech share?

Atop the recent successful capital raising, Garipoli mentioned above, on 20 April, NextDC released an update for the three months to 31 March (3Q FY 2026).

Among the highlights for the quarter, NextDC reported a 60% increase in its contracted utilisation to 667 megawatts (MW). And management noted that NextDC’s forward order book increased by 83% over the three months to 544MW.

The ASX 200 tech stock also reaffirmed its full-year FY 2026 underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) guidance to be in the range of $230 million to $240 million.

The company also maintained its full-year revenue guidance in the range of $390 million to $400 million.

NextDC shares were in a trading halt on the day of the update due to the capital raising. Shares closed up 1.3% on 22 April following the resumption of trading on the ASX.

The post Up 29% since April, should you buy NextDC shares today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Bapcor Ltd (ASX: BAP) recently delivered another weak trading update, which has pushed its shares even lower, with the stock now more than 90% down over a 12-month period.

The question is, does the share price weakness now represent good value buying, or is it still time to stay on the sidelines?

I’ve canvassed the opinions of three major brokers and will shortly reveal their share price target for the company.

Conflict derails momentum

First, let’s have a look at Bapcor’s recent trading update.

The auto parts and accessories retailer said in its update released last week that it had “positive momentum from turnaround activities implemented since the release of the 1H26 results”.

But it also warned that trading in its second half had been negatively impacted by the war in the Middle East.

The company said:

Bapcor has delivered improved sales momentum, with sales growth in February 2026 to April 2026 across all business segments versus the prior comparative period (pcp). This is a turnaround from the declines evident across all business segments in the period from July 2025 to January 2026 versus the pcp.     

But while the February to April period was positive, “trading conditions have materially deteriorated since late March 2026 with the commencement of the Middle East conflict and the increase in interest rates”.

The company therefore reduced its FY26 earnings guidance to $62 to $68 million, down from $74 to $79 million.

Bapcor Managing Director Chris Wilesmith said:

We are pleased with the positive momentum of the turnaround, which has been delivered through decisive actions we’ve taken to improve pricing, stock availability and team engagement. This is despite the challenging external environment which was not contemplated when we began this turnaround, and which has slowed the rate of improvement contemplated in our previous guidance. We will continue driving initiatives during the important trading months of May and June.

The company said net debt at the end of April was about $168 million, and the current trading conditions could give rise to a non-cash impairment at the end of the financial year.

Analysts still wary

Following the update, brokers have revised their price targets for Bapcor shares, which are currently changing hands for 36.75 cents.

Macquarie reduced its price target for the company from 61 cents to 44 cents.

They said:

Management remains focused on executing strategic initiatives to improve operating and financial performance. Given the softer trading conditions from the Middle East conflict and higher rates, some initiatives will take longer to execute on and hence see the benefits. Maintain Neutral.

Morgans, in a note titled “A long road back”, said it was “Another disappointing, but largely unsurprising update from BAP”.

Morgans has a price target of 41 cents per share on the company.

Morgan Stanley, meanwhile, has a very bearish price target of 25 cents on the shares.

Morgan Stanley said:

We see BAP’s Autobarn as sub-scale vs Supercheap Auto (SCA) and Repco, with less scope for command and control with a franchise network. We also see the range as less DIY and more discretionary vs SCA and especially vs Repco, a concern with a softening consumer.

Bapcor is valued at $248.9 million.

The post Down more than 90% over a year, is it time to buy Bapcor shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Are you on the lookout for some new portfolio additions?

If you are, it could be worth seeing what analysts are saying about the three ASX shares in this article, courtesy of The Bull.

Are they bullish, bearish, or something in between? Let’s find out:

ALS Ltd (ASX: ALQ)

Morgans has named this testing services company’s shares as a buy this week.

The broker likes the ASX share due to its exposure to strong industry tailwinds and the prospect of a sizeable jump in earnings per share in FY 2027. It said:

ALS Limited provides laboratory testing services across key industrial and consumer facing industries, primarily in the commodities and life sciences segments. It operates across 50 countries and 300 locations. ALS is now the dominant global leader in geochemistry testing, which generates high levels of cash amid minimal competition.

Excess capital from commodities is used to drive earnings growth in life sciences. Strong industry tailwinds coupled with significant forecast earnings per share growth in full year 2027 suggests ALS is on a continuing growth trajectory.

Develop Global Ltd (ASX: DVP)

The team at Dolphin Partners Financial Services has named this mining and mining services company’s shares as a hold this week.

While the financial services firm was pleased with the achievement of Woodlawn steady state production, it doesn’t appear to see enough value in Develop Global’s shares at current levels for a more positive recommendation. It said:

This company explores and develops mineral resources in Australia, including the Woodlawn zinc-copper project in New South Wales. Other projects include the Sulphur Springs deposit and the Pioneer Dome lithium project in Western Australia. DVP recently announced its flagship Woodlawn zinc-copper project had achieved and exceeded nameplate processing capacity rates of 850,000 tonnes per annum.

The achievement of Woodlawn steady state production is a major operational milestone, de-risking the project’s expected cash flows. Also, on May 13, DVP announced it had been awarded a $274 million contract with Core Lithium.

Endeavour Group Ltd (ASX: EDV)

Dolphin Partners Financial Services has named this drinks giant’s shares as a sell this week.

It believes the Dan Murphy’s and BWS owner could struggle given fierce competition and a challenging economic environment. In addition, it suspects that costs could rise because of higher fuel prices. It commented:

Endeavour operates liquor outlets, hotels and gaming facilities. While Endeavour is a leader in the liquor retailing space, the business is operating in a challenging economic environment involving fierce competition, continuing margin pressure and macroeconomic shocks. Many analysts have cut forecasts to reflect softer trends.

Increasing fuel costs in response to the Middle East conflict is imposing pricing pressure throughout its supply chain. Increasing cost of living pressures is another challenge. The shares have fallen from $4.04 on March 2 to trade at $3.23 on May 13. Other stocks appeal more in this economic climate of higher interest rates and cash strapped consumers.

The post Buy, hold, sell: Endeavour and these popular ASX shares appeared first on The Motley Fool Australia.

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• ALS reports record FY26 earnings and dividend uplift

Motley Fool contributor James Mickleboro has positions in Endeavour Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX critical mineral stock Metallium Ltd (ASX: MTM) shares are lower on Tuesday, despite the critical minerals company announcing a new US government contract.

At the time of writing, the Metallium share price is down 4.63% to 51.5 cents.

The fall adds to a difficult run for shareholders. Metallium shares are down around 24% over the past month and have fallen about 52% in 2026.

Let’s take a closer look at the contract.

US defence contract lands

In its ASX release, Metallium said its Flash Metals Texas subsidiary has been awarded a Phase II Small Business Innovation Research contract.

The contract is with the US Department of War through the Defence Logistics Agency.

It is worth US$1 million and will support pilot-scale development and scale-up of Metallium’s Flash Joule Heating technology.

The work is aimed at recovering gallium and germanium from electronic waste.

Metallium said the Phase II program follows the successful completion of Phase I, which showed its technology could recover gallium from semiconductor and electronic waste streams.

The company said Phase I was delivered in six months, with all technical milestones achieved.

Why these minerals are important

Gallium and germanium aren’t household names, but they sit in some important parts of the economy.

They are used in radar systems, satellite electronics, missile guidance systems, advanced semiconductors and communications technology.

Metallium said the US is fully dependent on imports for gallium supply, with China responsible for around 100% of global primary gallium production.

The company also said germanium supply remains constrained, with the US relying heavily on imports.

Against that backdrop, Metallium is trying to position its technology as a way to recover strategic materials from electronic waste.

The company said Phase II will focus on extracting both gallium and germanium from electronic waste streams at its Texas Technology Campus.

It will also support pilot-scale deployment, technology optimisation, operating conditions and commercial readiness.

More progress in the US

Metallium said the program will run for 12 months and could lead to a Phase III award and broader commercial deployment.

The company also said it may place Flash Metals Texas technology with a Phase III award on a no-cost lease basis.

From there, the technology could support US government or commercial gallium procurement.

The update also follows Metallium’s recent collaboration with Indium Corporation, a major US refiner of gallium, germanium and other critical metals.

Foolish takeaway

Metallium is still a high-risk small-cap stock, so investors are not giving it much room for error.

A US$1 million contract is not huge, but having the US government as a customer gives the announcement extra weight.

The next test is whether these pilot programs can turn into larger commercial work.

The post Why this ASX critical minerals stock is falling despite a US defence win appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

WiseTech Global Ltd (ASX: WTC) shares are edging lower today.

Shares in the S&P/ASX 200 Index (ASX: XJO) logistics software solutions company closed yesterday trading for $38.20. During the Tuesday lunch hour, shares are changing hands for $38.15 apiece, down 0.1%.

For some context, the ASX 200 is up 0.8% at this same time.

Unfortunately for faithful shareholders, today’s underperformance is not a novel occurrence.

Indeed, WiseTech shares have tumbled a painful 61.6% over the past 12 months.

A lot of that selling pressure has come amid the broader global sell-down that’s hit most Software as a Service (SaaS) stocks. This has been driven by investor concerns that artificial intelligence, or AI, could have the potential to replace a lot of the services these companies provide.

Or the so-called SaaSpocalypse.

However, after the big share price retrace, Dolphin Partners Financial Services’ Arthur Garipoli believes WiseTech shares could now be trading at a significant discount (courtesy of The Bull).

Should you buy WiseTech shares today?

“WiseTech develops and provides software solutions to the global logistics industry,” Garipoli said.

Explaining his buy recommendation on WiseTech shares, he noted:

The company recently reaffirmed EBITDA [earnings before interest, taxes, depreciation and amortisation] and margin guidance for fiscal year 2026.

WTC wasn’t immune to the recent sharp sell off in technology stocks due to potential artificial intelligence disruption. Most broker forecasts are at a significant premium to the recent share price.

What’s the latest from the ASX 200 tech share?

WiseTech reported its half-year (H1 FY 2026) results on 25 February.

The results, covering the six months to 31 December, included the first five months of consolidated results from WiseTech’s acquisition of United States supply-chain software company e2open.

Highlights from the first half included a 76% year-on-year revenue boost to US$672 million.

And reported EBITDA was up 31% from H1 FY 2025 to US$252.1 million.

On the bottom line, WiseTech reported a 2% increase in underlying net profit after tax (NPAT) to US$114.5 million.

And, as Garipoli mentioned above, the company reaffirmed its FY26 guidance.

The ASX 200 tech stock expects full-year revenue between US$1.39 billion and US$1.44 billion, which would represent growth of 79% to 85%. Management forecasts full-year EBITDA in the range of US$550 to US$585 million, up 44% to 53% from FY 2025.

As for the potential impact of AI on WiseTech shares, CEO Zubin Appoo said the technology was a benefit rather than a hindrance.

He noted:

AI is strengthening our advantage, enabling significantly more automation and value for our customers, embedding our products more deeply into their daily operations, and unlocking levels of efficiency gains across WiseTech that were previously out of reach.

The post Why WiseTech shares are now looking like a bargain buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

After a rough few weeks, Woolworths Group Ltd (ASX: WOW) is suddenly back in demand.

The supermarket giant’s shares are up 4.91% to $34.60 at the time of writing after one broker upgraded the stock.

It is a decent bounce after Woolworths lost almost 6% over the past month, as investors worried about softer margins and higher operating costs.

The stock has still had a strong start to the year, though, with the share price up around 18% in 2026.

Broker turns more positive

The buying follows JPMorgan turning more positive on Woolworths after its recent pullback.

According to The Australian, analyst Bryan Raymond lifted his rating on Woolworths to overweight from neutral, with a price target of $37.00.

That implies potential upside of about 7% from the current share price, with JPMorgan seeing room for Woolworths to regain some ground.

The upgrade also comes after a difficult few weeks for Woolworths shareholders. The stock fell heavily after its third-quarter update in late April, when investors focused on margin pressure rather than the stronger sales result.

Woolworths reported group sales of $18.1 billion for the 13 weeks to 5 April, up 4.5% on the prior year. Australian Food sales rose 5.9% to $13.8 billion, while eCommerce sales grew 23.8%.

Those numbers showed customers are still spending through Woolworths, but the market was worried about what it costs to keep that sales momentum going.

Margin pressure has been the issue

Woolworths warned in its Q3 update that fuel costs and price investment would weigh on fourth-quarter earnings.

The company has also been trying to keep prices competitive as shoppers remain cautious with grocery spending.

Reuters reported at the time that Woolworths shares dropped after the company backed away from expectations that Australian Food earnings growth would land at the upper end of its previous range.

The report also noted cost pressure from fuel and efforts to absorb some supplier cost increases.

Nonetheless, the broker upgrade gives investors a more positive view to weigh against those concerns.

Buyers appear to be looking past the margin squeeze and focusing again on Woolworths’ sales growth and defensive earnings base.

What the chart is showing

The chart is also worth a quick look.

Woolworths has bounced from recent weakness and is now trading back above $34. It remains below its recent highs, but today’s move has pushed the stock closer to the upper end of its recent range.

The relative strength index (RSI) is around 49, which is not stretched. That suggests the stock is not sitting in obvious overbought territory after today’s move.

The Bollinger Bands show the stock rebounding from near the lower band earlier this month and moving back toward the middle of the range.

The post Woolworths shares jump 5% as broker tips more upside appeared first on The Motley Fool Australia.

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JPMorgan Chase is an advertising partner of Motley Fool Money. Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Technology One (ASX: TNE) shares are trading in the red this morning as investors rush to sell up their shares.

At the time of writing, the shares are down 3.63% to $27.60 a piece. At one point this morning, the shares were trading as low as $27.27.

Today’s tumble means the stock has fallen 9% over the past month and is 16% lower than trading levels seen this time last year. The share price is, however, still 37% higher than a multi-year low recorded in mid-February.

Here’s what investors are reacting to.

Technology One’s latest update

Investors have been offloading their shares after the company announced its latest financial update.

Australia’s largest SaaS (software as a service) ERP business posted its 17th consecutive first-half profit result ahead of the market open this morning.

The tech company announced that its profit before tax has jumped 9% year-on-year to $89.1 million, profit after tax is up 6% to $66.8 million, and its annual recurring revenue (ARR) has jumped 17% higher over the same period. Technology One also noted net revenue retention of 114%.

Pleasingly, Technology One also reaffirmed its upgraded FY26 guidance. The company is targeting 18% to 20% of profit growth and 16% to 18% of ARR growth for FY26. It is also on track to meet its goal of $1 billion+ ARR by FY30. These guides are fully inclusive of AI, Showcase, and SaaS+ investments.

Management said the company expects improved margins and sustained double-digit growth, driven by its transition to SaaS+ and the continued rollout of next-generation AI ERP products. It is focusing on expanding in both domestic and overseas markets, particularly local government and higher education.

The result came in largely in line with market expectations. 

If the result was positive, why are the shares tumbling today?

Despite reporting record profit and ARR, TechnologyOne shares have slumped in early trade. There is no negative commentary in the release itself, and the company confirmed its upgraded guidance for FY26. It also reiterated confidence in its long-term targets.

Most likely, the share price reaction reflects broad weakness in the tech sector, and some profit-taking after the company’s strong gains over the past 12 months.

What do brokers think of the stock?

TradingView data shows that most analysts are optimistic about the outlook for Technology One shares this year. Out of 16 analysts, 10 have a buy or strong buy rating. Another four rate the stock as a hold, and two have a sell rating.

At the time of writing, the average $31.60 target price implies a potential 15% upside, and the maximum $36.50 target price suggests the shares could climb another 32%.

The post Why are Technology One shares crashing 4% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

A 70% share price fall should never be ignored. It usually tells investors that confidence has been badly damaged, expectations have changed, or the market is worried about what comes next.

But heavy falls can also create opportunities.

The three ASX shares in this article are down around 70% over the past 12 months. They are not risk-free, and they may take time to recover. But for patient investors, I think they could be cheap buys.

Accent Group Ltd (ASX: AX1)

Accent Group has had a difficult year as investors worry about consumer spending, margins, and the outlook for discretionary retail.

That is understandable. Footwear and apparel can be pressured when households are watching their budgets closely. Rising interest rates, higher living costs, and weaker confidence can all make shoppers more selective.

But I still think Accent is worth a look after such a large fall.

The company has a strong position in footwear retail, with brands and store formats that reach a wide range of customers. Its portfolio includes well-known banners such as The Athlete’s Foot, Hype DC, Platypus, Skechers, Stylerunner, and Glue Store.

I like the fact that footwear is not just fashion. Many customers still need sports shoes, school shoes, work shoes, and everyday footwear. Demand can move around, but the category does not disappear.

If consumer conditions eventually improve, I think Accent could benefit from operating leverage, stronger sales, and better sentiment toward retail shares.

This is not one I would expect to recover overnight. But after a 70% fall, I think the market may be pricing in a very tough future.

Temple & Webster Group Ltd (ASX: TPW)

Temple & Webster is another ASX share that has been hit hard.

The online furniture and homewares retailer is exposed to several weak spots in the economy. Housing turnover has been uncertain, renovation activity can be uneven, and big-ticket discretionary spending is under pressure.

Those are real challenges. But I think the long-term opportunity is still there.

Furniture and homewares remain a large market, and online penetration still has room to grow over time. More customers are becoming comfortable researching, comparing, and buying bulky items online, especially if the range is broad and prices are competitive.

Temple & Webster also has the benefit of a digital-first model. It does not need the same store network as traditional retailers, which can give it flexibility as it scales.

The share price fall suggests investors are worried about the near-term outlook. I can understand that. But if the company keeps building its brand, improving the customer experience, and growing its market share, I think the current weakness could look attractive in hindsight.

Gentrack Group Ltd (ASX: GTK)

Gentrack is a different type of fallen share. The company provides software for utilities and airports. Its technology helps customers manage areas such as billing, operations, customer information, and industry-specific workflows.

I think that makes Gentrack interesting because it serves sectors that are becoming more complex.

Utilities are dealing with changing energy systems, renewables, grid pressure, customer expectations, and regulation. Airports also need efficient systems as travel demand and operational demands evolve.

That creates demand for modern software. Gentrack is not immune from risk. Software projects can be complicated, customer decisions can take time, and growth expectations can shift quickly. There is also the real threat of artificial intelligence (AI) disruption.

But after a 70% fall, I think patient investors should at least be asking whether the market has become too pessimistic.

Foolish takeaway

Shares do not fall 70% without reason.

These shares each face genuine challenges. Consumer weakness could keep weighing on Accent and Temple & Webster, while Gentrack still needs to prove that its growth story can keep delivering.

But large share price falls can reset expectations. For investors who can handle volatility and think beyond the next few months, these three ASX shares could be cheap buys with meaningful recovery potential.

The post 3 ASX shares down 70% that could be cheap buys appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Gentrack Group and Temple & Webster Group. The Motley Fool Australia has positions in and has recommended Gentrack Group. The Motley Fool Australia has recommended Accent Group and Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday and pushing higher. At the time of writing, the benchmark index is up 0.9% to 8,582.8 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are storming higher:

Elders Ltd (ASX: ELD)

The Elders share price is up 1.5% to $5.63. Investors have been buying the agribusiness company’s shares today following a 23% decline on Monday. Bell Potter would likely be supportive of this buying. This morning, the broker retained its buy rating with a reduced price target of $6.45 (from $9.00). It said: “1H26 was a consensus miss on higher SYSMOD linked costs and to a degree reflects dual running costs that should reduce into FY27e. However, this was poorly communicated and largely mitigated the benefit of operating leverage. Delivering on the promise of Delta, backward integration and SYSMOD, while unwinding duplicate cost structures are central to EPS growth, but this needs to be done in a potentially more difficult 2HCY26 seasonal backdrop with a CEO transition.”

New Hope Corporation Ltd (ASX: NHC)

The New Hope share price is up over 3% to $5.50. This may have been driven by a broker note out of Macquarie this morning. In response to the coal miner’s quarterly update, the broker has put an outperform rating and $7.00 price target on its shares. This implies potential upside of 27% for investors over the next 12 months.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is up a further 3.5% to $131.13. Investors have been buying the health imaging technology company’s shares this week after it announced a seven-year, A$90 million contract with Boston-based Beth Israel Lahey Health. This will see the company’s cloud-based Visage 7 Enterprise Imaging Platform implemented throughout Beth Israel Lahey Health providing a unified diagnostic imaging platform. Pro Medicus’ CEO, Dr Sam Hupert, said: “Our pipeline remains strong and spans all market segments. This deal is for our ‘full stack’ comprising all three core Visage products, namely viewer, workflow and archive, a trend we see continuing.”

Tuas Ltd (ASX: TUA)

The Tuas share price is up 25% to $2.84. Bargain hunters have been snapping up this Singapore-based telco company’s shares following a massive decline on Monday. Investors have been selling its shares after it revealed that its Simba business has allegedly been using spectrum that it doesn’t own. In light of this, the Infocomm Media Development Authority of Singapore (IMDA) has suspended its review of Tuas’ proposed acquisition of M1 Limited for S$1.43 billion. The company said: “The circumstance identified by the IMDA as giving rise to its decision to suspend the review is that it had learned that Simba may have been using radio frequency bands that it was not authorised to use, which would be a breach of the Telecommunications Act and the conditions of Simba’s Facilities-Based Operations Licence.”

The post Why Elders, New Hope, Pro Medicus, and Tuas shares are storming higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Elders and Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

S&P/ASX 200 Index (ASX: XJO) shares rose 1.16% to an intraday high of 8,604.2 points on Tuesday.

The bump came on renewed hopes of a US-Iran deal to end the war and reopen the Strait of Hormuz.

This morning, US President Donald Trump said he had called off a planned military strike on Iran for tomorrow.

The President said he did so after assurances from Persian Gulf leaders that an acceptable deal was not far off.

On Truth Social, President Trump said:

I have been asked by the Emir of Qatar, Tamim bin Hamad Al Thani, the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, and the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, to hold off on our planned Military attack of the Islamic Republic of Iran, which was scheduled for tomorrow, in that serious negotiations are now taking place, and that, in their opinion, as Great Leaders and Allies, a Deal will be made, which will be very acceptable to the United States of America, as well as all Countries in the Middle East, and beyond.

However, Trump also warned that he had instructed the military to remain prepared for “a full, large scale assault of Iran, on a moment’s notice, in the event that an acceptable Deal is not reached”.

The world has been trapped in a prolonged oil shock since the war began on 28 February.

The Strait of Hormuz, a key shipping channel for Middle East energy exports, remains effectively shut down.

About 20% of the world’s oil and gas supply is shipped through the Strait of Hormuz.

Iran is now allowing ships from China through the strait, while hundreds of other tankers sit and wait.

The oil shock has caused energy prices to surge, contributing to resurgent inflation in many nations, including Australia.

On Tuesday, the Brent Crude oil price is US$109.20 per barrel, down 2.4%, reflecting hopes of a peace deal soon.

WTI Crude is US$102.30 per barrel, down 2%.

Australia was already facing an uptick in inflation before the war began, and the oil shock has exacerbated it.

Assistant Reserve Bank Governor, Sarah Hunter, said in a speech today:

The Middle East conflict is a clear external shock. While the duration of the conflict is uncertain, economists generally agree that the disruption in global oil and natural gas markets will lead to higher inflation here and overseas, working through several channels.

… our May forecasts see headline inflation peaking at 4.8 per cent in the June quarter, significantly higher than was expected in our February forecasts.

Which ASX 200 shares are leading the market today?

The biggest mover on the ASX 200 today is telco share Tuas Ltd (ASX: TUA), up 18.3% to $2.69.

Investors appear to be buying the dip after Tuas shares were smashed to the tune of 62% yesterday.

The stock’s dive came on news that the company had allegedly been using spectrum that it didn’t own.

Among the 11 market sectors on Tuesday, consumer staples is in the lead, up 3.5%.

This is largely due to a 4.8% surge in the Woolworths Group Ltd (ASX: WOW) share price to $34.57.

The Coles Group Ltd (ASX: COL) share price is also bouncing, up 3.1% to $21.49 at the time of writing.

The Elders Ltd (ASX: ELD) share price is also up 3.1% to $5.72 today.

Endeavour Group Ltd (ASX: EDV) shares are up 2.8% to $3.11.

Technology is the sector laggard, down 0.5%, after the Nasdaq Composite Index (NASDAQ: .IXIC) fell overnight.

TechnologyOne Ltd (ASX: TNE) shares are down 2.7% to $27.84 despite a record first-half profit for 1H FY26.

The NextDC Ltd (ASX: NXT) share price is down 2.2% to $14.26, and Elsight Ltd (ASX: ELS) is down 4.4% to $5.64.

The post ASX 200 rebounds as Trump calls off Iran strikes amid potential deal appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool Australia has recommended Elders and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.