If you’re looking for some new growth shares to buy, then it could be worth considering the three ASX shares listed below.

Here’s what you need to know about these highly rated growth shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share to look at is this pizza chain operator. Domino’s could be a top option for investors after a significant pullback in its share price. Especially those that are willing to make a long term investment. This is due to the company’s bold expansion plans, which sees it aiming to more than double its network by FY 2033. It also has the balance sheet strength to add to its network, extending its market opportunity further. Morgans is very positive on Domino’s and believes “there is meaningful upside to the current share price over the next 12 months.”

Morgans has an add rating and $100.00 price target on its shares.

Lovisa Holdings Limited (ASX: LOV)

Another ASX growth share to look at is Lovisa. It is a fast-fashion jewellery retailer with a growing global store network. Morgans is very positive on the company and has even suggested that it could “prove to be one of the biggest success stories in Australian retail.” The broker sees a huge opportunity for Lovisa to expand internationally and appears confident that it has the management team to execute on this.

Morgans currently has an add rating and $24.00 price target on its shares.

Megaport Ltd (ASX: MP1)

A final growth share to look at is this global leading provider of elastic interconnection services. It has been growing at a rapid rate over the last few years thanks to increasing demand as the structural shift to the cloud continues. Analysts at Goldman Sachs are tipping this strong form to continue. It believes Megaport’s “opportunity for further growth is immense (GSe A$129bn p.a. spent on fixed enterprise networking across MP1 geographies).”

Goldman has a buy rating and $13.10 price target on its shares.

The post 3 ASX growth shares brokers rate as buys right now appeared first on The Motley Fool Australia.

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• ASX 200 midday update: BlueScope and Fortescue rise, Boral tumbles
• 2 ASX shares I’d buy with $1,000
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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. has positions in and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, Lovisa Holdings Ltd, and MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Today, the S&P/ASX 200 Index (ASX: XJO) weakened as sentiment soured following Snapchat‘s (NYSE: SNAP) profit warning. At the end of the session, the benchmark index finished 0.28% lower at 7,128.8 points.

Local investors tip-toed through a disappointing day of trade after social media giant Snapchat fell 30% after hours. The monumental collapse in support seeped into the Australian tech sector today, falling nearly 3%. Though, the pain was felt broadly across the ASX, with all bar three segments of the market trudging lower.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Allkem Ltd (ASX: AKE) was the biggest gainer today. Shares in the lithium mining company pushed 3.70% higher as investors hold on strongly to estimates of future demand outstripping supply. Find out more about Allkem here.

The next best performing ASX share across the market today was Perseus Mining Ltd (ASX: PRU). The gold mining company gained 3.31% with prices for the precious commodity strengthening in the past 24 hours. Uncover the latest Perseus Mining details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Allkem Ltd (ASX: AKE)	$13.46	3.70%
Perseus Mining Ltd (ASX: PRU)	$1.875	3.31%
Pilbara Minerals Ltd (ASX: PLS)	$2.90	3.20%
Ebos Group Ltd (ASX: EBO)	$35.94	2.74%
Virgin Money UK Plc (ASX: VUK)	$2.64	2.72%
Liontown Resources Ltd (ASX: LTR)	$1.33	2.70%
Sims Ltd (ASX: SGM)	$17.79	2.54%
Yancoal Australia Ltd (ASX: YAL)	$5.97	2.40%
Iluka Resources Ltd (ASX: ILU)	$10.74	2.29%
New Hope Corporation Ltd (ASX: NHC)	$4.05	2.27%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

More reading

• What does AFIC’s ASX share portfolio look like?
• Why Allkem, NAB, Pushpay, and Virgin Money UK shares are rising
• Here are the 3 most traded ASX 200 shares on Tuesday
• Looking for the world’s biggest dividend? You’ll find it right here on the ASX 200
• Why are ASX 200 lithium shares kicking goals today?

Motley Fool contributor Mitchell Lawler 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.

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Bitcoin Gold (CRYPTO: BTG) is bucking the wider selling trend in crypto markets today.

While its elder sibling Bitcoin (CRYPTO: BTC) and the world’s number two crypto, Ethereum (CRYPTO: ETH), are both in the red over the past 24 hours, Bitcoin Gold is up 24%.

At the current price of US$24.57, the lesser known crypto has a market cap of US$422 million, placing it at number 98 on the list of top-100 cryptos.

Though it’s worth noting that BTG is down 96% from its all-time highs of US$540, reached shortly after its launch in October 2017.

So, why is it surging today?

What is Bitcoin Gold?

Before we look at what may be driving the Bitcoin Gold price higher today as well as what exactly is this token?

Well, as we said, it’s been around since October 2017. That’s when it came into existence following what’s known as a ‘hard fork’ with Bitcoin.

Part of the goal at the time was to make the token even more decentralised than the original. According to CoinMarketCap:

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power…

As a hard fork of the original Bitcoin token, BTG aims to revolutionise the mining process by introducing a new proof-of-work algorithm that combats the scalability issues Bitcoin struggles with.

Why the big gain today?

We can’t say with certainty, but it appears Bitcoin Gold could have gotten a boost from a tweet posted by Robert Kiyosaki, the author of personal finance book ‘Rich Dad, Poor Dad’.

Here’s what he posted on Twitter shortly before the crypto leapt from US$20 to US$32 inside an hour:

DAVOS, Switzerland IMF warns world faces greatest financial challenges since WWII. Global disaster has been coming for years. Desperate leaders will do desperate things. Workd War coming? God have mercy on us. Save gold, silver, Bitcoin, food, guns, and bullets.

That tweet has some 5,500 likes and has already been retweeted almost 1,000 times.

Overlooking the World War typo, crypto investors may have tuned into the gold and Bitcoin advice and opted to snap up some Bitcoin Gold.

We hope fewer took his advice to load up on guns and bullets!

The post Bitcoin Gold rockets 24% amid today’s wider crypto selloff. What’s going on? appeared first on The Motley Fool Australia.

More reading

• Looking to spend your crypto? Here are 5 things you can buy in 2022
• What to expect for the Bitcoin price heading into June
• Can Bitcoin play a role in a diversified ASX share portfolio?
• Crypto venture firm’s lessons after $10 million haircut on LUNA losses
• Own crypto or NFTs? Here’s why the ATO could have you in their sights come tax time

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

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The Australian Foundation Investment Co Ltd (ASX: AFI), or AFIC for short, has a long and proud history on the ASX.

It first opened its doors back in 1928 and has been following a very consistent playbook ever since. That playbook involves investing its capital into a portfolio of blue-chip ASX shares for the benefit of shareholders.

As a listed investment company (LIC), AFIC’s only purpose is to invest on behalf of its shareholders. Unlike most shares, it is not a company that sells goods or provides services.

But how is AFIC’s share portfolio looking these days? Let’s take stock of which ASX shares appear in this LIC’s portfolio.

What’s in the AFIC box?

AFIC hasn’t provided any recent updates as to exactly how many ASX shares appear in its portfolio. But what we do know is that, as of 30 April, its top 25 positions accounted for 78.6% of its total portfolio value.

So here are AFIC’s current top 10 positions:

1. Commonwealth Bank of Australia (ASX: CBA) at 9.1% of AFIC’s portfolio
2. BHP Group Ltd (ASX: BHP) at 7.4%
3. CSL Limited (ASX: CSL) at 7.2%
4. Macquarie Group Ltd (ASX: MQG) at 5.1%
5. Transurban Group (ASX: TCL) at 4.6%
6. Westpac Banking Corp (ASX: WBC) at 4.1%
7. Wesfarmers Ltd (ASX: WES) at 4%
8. National Australia Bank Ltd (ASX: NAB) at 4%
9. Woolworths Group Ltd (ASX: WOW) at 3.1%
10. Mainfreight Limited (NZE: MFT) at 2.7%

With a few exceptions, this list is very similar in nature to that of the broader S&P/ASX 200 Index (ASX: XJO) itself.

Notably, AFIC’s portfolio gives less weighting to the big four ASX bank shares in favour of Macquarie and Transurban.

It also holds a New Zealand company in Mainfreight, which is obviously not an ASX share. But these departures from the ASX 200 have historically enabled AFIC to deliver some fairly consistent outperformance of the ASX 200 over long periods of time. So no doubt shareholders won’t mind.

At the current AFIC share price, this ASX LIC has a market capitalisation of $9.8 billion, with a dividend yield of 3.01%

The post What does AFIC’s ASX share portfolio look like? appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most traded ASX 200 shares on Tuesday
• Looking for the world’s biggest dividend? You’ll find it right here on the ASX 200
• ASX 200 midday update: Nufarm, Tabcorp and TechnologyOne tumble
• Minority or majority government? Economist says outcome will have little impact on ASX shares
• What’s going on with the Challenger share price today?

Motley Fool contributor Sebastian Bowen has positions in National Australia Bank Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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