Day: March 25, 2022

3 top ASX ETFs for growth investors

ETF spelt out with a rising green arrow.

ETF spelt out with a rising green arrow.

Are you looking to make some growth-focused additions to your portfolio? If exchange traded funds (ETFs) are of interest to you, then you might want to look at the three listed below.

Here’s what you need to know about them:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first ETF share to consider is one that gives investors easy exposure to many of the Asian region’s best growth shares. The BetaShares Asia Technology Tigers ETF is home to approximately 50 companies that are leading Asia’s technological revolution. These include Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and WeChat owner Tencent. And while regulatory concerns have been weighing on their shares this year, some analysts believe this has created a buying opportunity.

BetaShares Global Cybersecurity ETF (ASX: HACK)

A second ETF for investors to look at is the BetaShares Global Cybersecurity ETF. This fund provides investors with the opportunity to invest in the growing cybersecurity sector. This means you’ll be investing in companies such as Accenture, Cisco, Cloudflare, Crowdstrike, Fortinet, Okta, Splunk, Zscaler. Given the shift to the cloud and the growing threat of cyberattacks globally, these companies look well-placed to benefit from increasing demand for their services.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF allows investors to gain easy exposure to a global video game market estimated to comprise 2.7 billion active gamers. Among the companies you’ll be buying are hardware and software companies such as AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies are well-placed to benefit from the increasing popularity of video games and eSports.

The post 3 top ASX ETFs for growth investors appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended BETA CYBER ETF UNITS and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended BetaShares Asia Technology Tigers ETF and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Why the Piedmont (ASX:PLL) share price rocketed 10% today

Two cheerful miners shake hands while wearing hi-vis and hard hats celebrating the commencement of a HAstings Technology Metals mine and the impact on its share priceTwo cheerful miners shake hands while wearing hi-vis and hard hats celebrating the commencement of a HAstings Technology Metals mine and the impact on its share price

The Piedmont Lithium Inc (ASX: PLL) share price finished the week in upbeat trading after the company announced an update to the underwritten public offering of its common stock.

At the close of trade on Friday, the Australian lithium miner’s shares were fetching for $1.015 apiece, up 9.73%.

Piedmont closes public offering

Investors were buying up the Piedmont share price today following the company’s capital raising efforts.

In a statement to the ASX, Piedmont advised it has closed the public offering of 2.01 million shares of its common stock. This includes the full exercise of the underwriter’s option to purchase 262,500 Piedmont shares.

The combined total of the gross proceeds from the public offering before underwriting discounts and commission is US$130.8 million.

Once the net proceeds are leftover, Piedmont will use the funds for a number of strategic initiatives. They include:

  • Restart operations at the North America Lithium mine in Quebec
  • Fund exploration and definitive feasibility studies at Eyowaa in Ghana
  • Advance the merchant lithium hydroxide plant in the south-eastern United States
  • Continue development activities at the Carolina Lithium Project (engineering design and property acquisition)
  • Use remaining funds for general corporate purposes.

For the 1.75 million Piedmont shares offered to the public, this was listed at $65.00 per share.

About the Piedmont share price

Over the past 12 months, the Piedmont share price has wobbled to register a gain of around 5%.

When looking at the year to date, however, the share trajectory paints a different story, up almost 40% for the period.

Based on valuation grounds, Piedmont commands a market capitalisation of roughly $534.78 million.

The post Why the Piedmont (ASX:PLL) share price rocketed 10% today appeared first on The Motley Fool Australia.

Should you invest $1,000 in Piedmont Lithium right now?

Before you consider Piedmont Lithium, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Piedmont Lithium wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

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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 Bruce Jackson.

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2 blue chip ASX 200 shares analysts are urging investors to buy

A woman in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains that one top broker thinks the Appen share price is a buy

A woman in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains that one top broker thinks the Appen share price is a buy

If you’re looking to bolster your portfolio with some blue chip shares, you may want to look at the two listed below.

Here’s why these blue chip ASX 200 shares are highly rated right now:

CSL Limited (ASX: CSL)

The first ASX 200 blue chip share that could be in the buy zone is CSL. It is the biotherapeutics giant behind the CSL Behring business, which has developed a range of lifesaving and lucrative plasma therapies. In addition, the company has a growing Seqirus vaccine business and is on the brink of acquiring Vifor Pharma, which is focused on iron deficiency, nephrology and cardio-renal therapies.

The team at Morgans is positive on the company, particularly given the recovery in plasma collections. It recently put an add rating and $327.60 price target on its shares. Morgans commented:

“Promisingly, plasma collections continue to improve, although remain slightly below pre-pandemic levels, and while industry wide issues remain (eg Omicron; staffing; increase costs), the worst appears behind us.”

“While near term challenges remain, the ongoing recovery in plasma collections, coupled with management’s confidence, paints a favourable earnings picture.”

Goodman Group (ASX: GMG)

Another ASX 200 blue chip share to consider is Goodman. It is an integrated property company with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil.

The company notes that its global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures that it creates innovative property solutions that meet the individual requirements of its customers, such as Amazon, while seeking to deliver long-term returns for investors.

Citi is very positive on Goodman and currently has a buy rating and $29.50 price target on its shares. Its analysts believe Goodman could outperform its upgraded guidance in FY 2022. It commented:

“GMG’s 1H22 EPS of 41.9c was 12% ahead of Visible Alpha consensus (37.3c) and 6% ahead of Citi (39.5c). FY22 EPS guidance was upgraded for the 2nd time in 6 months to 20% growth, or EPS of 78.7c, +1.5% ahead of ingoing consensus of 77.5c. FY22 DPS guidance was retained at 30c.”

“We continue to see guidance as conservative, with our EPS estimates rising 5% in FY22 and c. 6% thereafter. We now forecast c. 23% EPS growth in FY22 and c. 19% EPS CAGR from FY21-FY24. Our TP increases 5% on higher asset values and higher earnings. GMG remains OUR top pick in the sector.”

The post 2 blue chip ASX 200 shares analysts are urging investors to buy appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. 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 Bruce Jackson.

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The IGO (ASX:IGO) share price hit a new all-time high today. Could this be why?

A young female ASX investor sits at her desk with her fists raised in excitement as she reads about rising ASX share prices on her laptop.A young female ASX investor sits at her desk with her fists raised in excitement as she reads about rising ASX share prices on her laptop.

The IGO Ltd (ASX: IGO) share price is soaring to new heights today as nickel prices take off once more.

The commodity, which was the subject of a major short squeeze just weeks ago, saw its value surge by its enforced maximum of 15% for the second session in a row on the London Metal Exchange (LME) overnight, reports Bloomberg.

That might have helped boost the IGO share price to a new record high of $13.85 during Friday’s session.

At the time of writing, the IGO share price has retreated slightly to trade at $13.66. Though, that’s still 3.33% higher than its previous close.

Let’s take a closer look at what’s been going on with the nickel, copper, cobalt, and lithium producer’s stock lately.

IGO share price takes off alongside nickel prices

IGO’s shares are rising on Friday, as did nickel prices overnight. Today’s gains see the company’s stock trading for 13.6% more than it was at the end of last week.

Meanwhile, the price of nickel launched during Wednesday and Thursday’s trade. It reached a high of US$37,325 per ton overnight (AEST time).

Meanwhile, according to Reuters, the price of nickel was also driven 17% higher on the Shanghai Futures Exchange in Thursday’s session.

The boost was likely driven by concerns Russia’s invasion of Ukraine could bring about a supply shortage.

The metal’s value’s increase follows a short squeeze that forced the LME to halt trading and cancel orders after the commodity’s price surged to a record US$101,365 earlier this month, reports Bloomberg.

IGO owns the nickel, copper, and cobalt producing Nova Operation, located in Western Australia.

The IGO share price might have been driven higher today on expectations rising nickel prices could increase its profitability.

Right now, the company’s stock is 14% higher than it was at the start of 2022. It has also gained 119% since this time last year.

The post The IGO (ASX:IGO) share price hit a new all-time high today. Could this be why? appeared first on The Motley Fool Australia.

Should you invest $1,000 in IGO right now?

Before you consider IGO, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and IGO wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

Motley Fool contributor Brooke Cooper 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 Bruce Jackson.

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