Day: June 21, 2022

Why GrainCorp, PointsBet, Weebit Nano, and Westpac shares are racing higher

In afternoon, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1.3% to 6,515.6 points.

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

GrainCorp Ltd (ASX: GNC)

The GrainCorp share price is up 4% to $9.47. Investors have been buying this grain exporter’s shares following the release of its investor day update. That update reveals that the company has reaffirmed its FY 2022 operating profit guidance of $590 million to $670 million.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is up a further 10% to $2.80. This sports betting company’s shares have been on fire this week amid news of a strategic investment from SIG Sports Investment Corp (SIG). It has injected $94.16 million to become the company’s largest shareholder. Goldman Sachs sees positives from the investment, noting that it should alleviate balance sheet concerns. Its analysts have a buy rating and $5.78 price target on PointsBet’s shares.

Weebit Nano Ltd (ASX: WBT)

The Weebit share price is up 10% to $2.16. This morning the memory technology company revealed that it will be holding the first public demonstration of its ReRAM IP module later today in France. The interactive presentation will demonstrate its Weebit ReRAM functioning as a non-volatile memory block.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is up almost 3% to $19.73. This follows solid gains by all of the big four banks on Tuesday. In addition, Westpac’s shares were given a boost from a note out of Morgan Stanley. Its analysts have reiterated their overweight rating this morning. This makes Westpac the only big four bank the broker rates as a buy.

The post Why GrainCorp, PointsBet, Weebit Nano, and Westpac shares are racing higher 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

See The 5 Stocks
*Returns as of January 12th 2022

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Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd 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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Here are the 3 most heavily traded ASX 200 shares on Tuesday

A pair of legs can bee seen on the floor buried under a pile of paperwork, indicating a high volume day

A pair of legs can bee seen on the floor buried under a pile of paperwork, indicating a high volume day

The S&P/ASX 200 Index (ASX: XJO) is finally treating investors to a day in the green so far this Tuesday. At the time of writing, the ASX 200 is bouncing back from the recent falls we’ve seen and is currently up a healthy 1.34% and back over 6,500 points.

So let’s dive deeper into these positive market moves and check out the ASX 200 shares currently at the top of the market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Whitehaven Coal Ltd (ASX: WHC)

ASX 200 coal miner Whitehaven is our first share to check out today. This resources company has had a hefty 22.95 million of its shares trade on the markets thus far. There have been no major announcements out of Whitehaven, save for a share buyback notice.

However, the Whitehaven share price has had a cracker today. It’s currently up 3.85% at $4.715, but rose as high as $4.96 earlier this morning. It’s probably this healthy bump in valuation that is behind the elevated trading volume today.

Core Lithium Ltd (ASX: CXO)

Core Lithium is our next ASX 200 company up today. This ASX lithium stock is enjoying its second day on the ASX 200 Index today after it made its promotion official yesterday.

Maybe this is why 23.23 million of the company’s shares have found their way around the ASX boards so far today. Or it could be the nasty 5.6% fall Core Lithium has endured today, despite the market’s good mood. It’s probably a combination that is resulting in the high trading volumes we are presently seeing.

Lake Resources N.L. (ASX: LKE)

Another ASX 200 newcomer is our final and most traded ASX 200 share of the day today. Lake Resources also joined the ASX’s flagship index yesterday. Unfortunately, it has been something of a baptism by fire.

This lithium hopeful has crashed by another painful 25.7% so far today and is now at $1.007 a share. This comes after the shock exit of its managing director Steve Promnitz. Lake Resources is now down by almost 34% over the past five trading days. No wonder 46.98 million shares have been bought and sold so far today.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday 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

See The 5 Stocks
*Returns as of January 12th 2022

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Motley Fool contributor Sebastian Bowen 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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3 ASX All Ordinaries shares going great guns on Tuesday

Three young nerds dressed in suits with thinking caps and lightbulbsThree young nerds dressed in suits with thinking caps and lightbulbs

It’s a great day to be invested in these All Ordinaries Index (ASX: XAO) shares as they surge higher to outperform the broader market.

Right now, the benchmark index is recording a 1.64% gain, but these stocks are leaving that in their dust.

They’re boasting gains of up to 12% right now. Let’s take a look at what’s spurring them along.

3 ASX All Ordinaries shares taking off on Tuesday

Weebit Nano Ltd (ASX: WBT)

All Ordinaries tech share Weebit Nano is leaping 12.24% this afternoon, trading at $2.20.

It comes as the company goes to demonstrate its ReRAM IP module publicly for the first time.

As my colleague Bernd Struben reported earlier today, the Weebit ReRAM is set to operate as an NVM memory block in a public presentation in France.

Still, the stock is 24% lower than it was at the start of the year.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is also outperforming the ASX All Ordinaries on Tuesday. It’s trading at $2.81, 10.2% higher than its previous close.

There’s been no news from the bookmaker today. However, last week a US firm made a strategic investment into its stock.

Additionally, Goldman Sachs has slapped PointsBet’s shares with a price target of $5.78 and a buy rating, my colleague James Mickleboro reports.

The PointsBet share price has plunged 60% since the start of 2022.

Paladin Energy Ltd (ASX: PDN)

Finally, ASX All Ordinaries uranium share Paladin Energy is rocketing higher on Tuesday. It’s currently up 7.08% to trade at 60.5 cents.

There’s been no news from the stock to explain today’s gains. However, it dived 13% yesterday amid the apparent passing of the worst of the energy crisis.

Despite today’s uptick, however, the Paladin Energy share price is still 36% lower than it was at the start of this year.

The post 3 ASX All Ordinaries shares going great guns on Tuesday 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

See The 5 Stocks
*Returns as of January 12th 2022

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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 positions in and has recommended Goldman Sachs and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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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Worried about inflation? 1 investment strategy that Warren Buffett likes

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Legendary share market investing expert and owner of Berkshire Hathaway Warren Buffett

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

In May 2021, Warren Buffett offered advice to investors at Berkshire Hathaway‘s annual meeting. For context, the stock market was soaring at the time — the S&P 500 had climbed 48% in the previous 12 months — fueled by unbridled enthusiasm brought on by stimulus checks, low interest rates, and the reopening of businesses in the wake of the pandemic. But Buffett’s words were sobering. 

He told his audience that many new investors were essentially gambling. Buffett also expressed his belief that index funds were a better option than individual stocks for the average person. Specifically, he recommended holding an index fund comprised of a diversified group of U.S. equities over a long time horizon.

Of course, the macroeconomic environment looks much different today. Rampant inflation and rising interest rates have caused the S&P 500 to crater, sending the benchmark index into bear market territory. But inflation hit a fresh 40-year high in May, so things may get worse before they get better. The S&P 500 is currently 23% off its high, but there have been six bear markets in the last 50 years, and the index dropped by over 45% on three of those occasions. 

Building on Buffett’s advice, here is one investment strategy that could help your portfolio weather the current downturn.

A diversified index of dividend stocks

Many dividend stocks outperform the market during downturns, especially those that regularly raise their payouts. The reason for that is simple. Only high-quality businesses generate enough cash to consistently pay shareholders a dividend that increases over time. If you reconcile that idea with Buffett’s advice, the Vanguard High Dividend Yield ETF (NYSEMKT: VYM) looks like an attractive investment idea right now. 

The Vanguard High Dividend Yield ETF comprises 443 U.S. stocks that span 10 market sectors, though 55% of the fund is allocated to consumer staples, energy, utilities, industrials, and healthcare, all of which tend to outperform in inflationary environments. Another 20% of the fund is invested in the financial sector, which tends to outperform in rising interest rate environments. To that end, the Vanguard High Dividend Yield ETF is currently just 14% off its high, easily outpacing the 23% decline in the broader S&P 500.

Also noteworthy, four of the index fund’s top 10 positions are stocks Buffett owns through Berkshire Hathaway. That includes Chevron and Bank of America, which account for 19% of Berkshire’s investment portfolio. Better yet, the Vanguard High Dividend Yield ETF bears an expense ratio of just 0.06%, meaning you would pay just $6 on a $10,000 portfolio, and its dividend yield currently sits at 2.72%, meaning a $10,000 portfolio would generate $272 in passive income each year.

As a caveat, while the Vanguard High Dividend Yield ETF has significantly outperformed the broader S&P 500 over the past year, especially when accounting for dividend payments, the S&P 500 typically wins in the long run. For instance, the S&P 500 has generated a total return of 65% over the past five years, while the Vanguard High Dividend Yield ETF has generated a total return of 47%.

However, you can’t put a price on peace of mind. If your current portfolio composition has you worried about the impact of runaway inflation, consider starting a position in this index fund. I think Warren Buffett would like the idea. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Worried about inflation? 1 investment strategy that Warren Buffett likes 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

See The 5 Stocks
*Returns as of January 12th 2022

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Trevor Jennewine has no position in any of the stocks mentioned. Bank of America is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Berkshire Hathaway (B shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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