Day: August 1, 2022

Top brokers say Domino’s share price has loads of extra topping in it, here’s why

Young couple having pizza lunch break at workplace.Young couple having pizza lunch break at workplace.

The Domino’s Pizza Enterprises Ltd (ASX: DMP) fell slightly today, but could it have better days ahead?

The company’s share price closed 0.44% lower today to trade at $72.12. In comparison, the  S&P/ASX 200 Index (ASX: XJO) jumped 0.69%.

Let’s take a look at the outlook for the popular pizza company.

What’s ahead?

According to Atlas Funds Management chief investment officer Hugh Dive, Domino’s pizza is due for a boost.

Despite not owning shares in the company, Dive predicted Domino’s could be “well placed to do quite well”. He added in an interview with livewire:

Bit of a caveat, similar to Hugh, we don’t own Domino’s.

But I think that they’ll be well placed to do quite well.

At a recent strategy presentation in Tokyo, Japan, the company announced the appointment of two new executives to boost sales in the continent.

Analyst’s at Ord Minnett also recently retained a buy rating on Domino’s share price.

The broker can see value in the company’s shares, my Foolish colleague James reported recently. Ord Minnett has placed an $88 price target on Domino’s shares. This is 14% higher than their current price.

However, the broker highlighted that Domino’s was facing some headwinds, including the falling Japanese yen and inflation.

Domino’s share price snapshot

The Domino’s share price has dropped 4% over the past 12 months and 10% year to date.

For perspective, the ASX 200 has slid more than 5% in the last 12 months.

Dominos has a market capitalisation of nearly $8.5 billion based on the current share price.

The post Top brokers say Domino’s share price has loads of extra topping in it, here’s why appeared first on The Motley Fool Australia.

Should you invest $1,000 in Domino’s Pizza Enterprises Ltd. right now?

Before you consider Domino’s Pizza Enterprises Ltd., 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 Domino’s Pizza Enterprises Ltd. 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.

See The 5 Stocks
*Returns as of July 7 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Motley Fool contributor Monica O’Shea 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 recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/TxHd3hm

Why did the Whitehaven share price surge 28% in July?

An older man leaping into the air with joy in the Australian outback.An older man leaping into the air with joy in the Australian outback.

The Whitehaven Coal Ltd (ASX: WHC) share price accelerated in July.

For the month, shares in the coal miner jumped 28% to finish at $6.21 on 29 July.

This means the company’s shares outperformed the S&P/ASX 200 Energy (ASX: XEJ) sector, which rose 2.1% over the same timeframe.

And looking at the start of the new month, Whitehaven shares are continuing their ascent.

At close of trade on Monday, the coal producers’ shares are up 2.09% to $6.34.

What’s fuelling Whitehaven shares lately?

Despite the gloomy outlook on the global economy, coal prices rebounded strongly over the month following significant tailwinds.

An International Energy Agency (IEA) report released last week stated that global coal demand is looking to return to its all-time high in 2022.

This comes on the back of news that China could reopen its ports to ships carrying Australian coal. The two-year ban follows a reset in political relations between the two countries since the Morrison government left office in May.

Subsequently, the price of coal has shot up to US$407 per tonne, a 5.6% increase since this time last month.

In its June quarterly report, Whitehaven achieved a record average coal price of AU$514 per tonne for the quarter and AU$325/t for FY22.

With higher coal prices translating to higher earnings, investors took notice of management forecasting its strongest ever full-year result.

As such, the company expects to report FY22 earnings before interest, tax, depreciation, and amortisation (EBITDA) of approximately $3 billion, subject to a final audit. 

The positive release led Whitehaven shares to lift 5.17% on the day, and another 8.79% over the next two days.

According to ANZ Share Investing, Citi remains confident on Whitehaven shares, raising its 12-month price target by 60% to $7.85. This represents an upside of around 24% based on the current share price.

Its analysts believe the miner’s shares are a buy as it is well-placed to benefit from strong coal prices.

Whitehaven share price summary

Due to the favourable commodity pricing, the Whitehaven share price has surged by more than 140% in 2022.

Although, when looking at the past 12 months, Whitehaven shares are up by 185%.

Whitehaven has a price-to-earnings (P/E) ratio of 55.61, and a market capitalisation of $5.93 billion.

The post Why did the Whitehaven share price surge 28% in July? 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 July 7 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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.

from The Motley Fool Australia https://ift.tt/2H9JRhF

Top analysts say investors should buy these quality ASX shares

Two men lok sxcited on the trading floor.

Two men lok sxcited on the trading floor.

There are a lot of quality shares to choose from on the Australian share market. To narrow things down, listed below are a couple of ASX shares that are highly rated by analysts.

Here’s what they are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX share to look at is Aristocrat. It is a gaming technology company best-known for its industry-leading poker machines. However, it also has a digital business, named Pixel United, which is generating significant recurring revenues from mobile games.

But management isn’t settling for that. As well as investing heavily in research and development each year, it is aiming to expand into the emerging real money gaming market.

Citi is very positive on Aristocrat. Its analysts believe the company “represents a compelling long-term growth story” and recently noted that “while industry-wide trends present a risk to Aristocrat’s digital bookings outlook, the company’s key social casino titles and RAID had outperformed within their respective genres.”

The broker currently has a buy rating and $41.00 price target on the company’s shares.

Lifestyle Communities Limited (ASX: LIC)

Another ASX share that could be a quality option for investors is retirement communities company, Lifestyle Communities.

It develops, owns, and manages affordable independent living residential land lease communities and, at the last count, had 26 residential land lease communities under contract, in planning, in development, or under management.

Goldman Sachs is very positive on the company and believes it is well-placed to benefit from Australia’s ageing population and the structural growth in land lease living. It explained:

We believe LIC is well positioned to benefit from shifting demographic trends, as its business helps address some critical emerging social issues. Its core business is to provide affordable housing to an ageing population, addressing a key social issue that is becoming more prevalent as the proportion of over 50’s increases. We expect as this population cohort continues to grow, this should deliver structural growth for the industry; we expect demand to far outpace supply at current build rates.

Goldman has a conviction buy rating and $24.30 price target on its shares.

The post Top analysts say investors should buy these quality ASX shares 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 July 7 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

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. 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.

from The Motley Fool Australia https://ift.tt/1KgbLR3

Here are the top 10 ASX 200 shares today

share price high, all time record, record share price, highest, price rise, increase, up,share price high, all time record, record share price, highest, price rise, increase, up,

Today brought more gains for the S&P/ASX 200 Index (ASX: XJO), with energy shares taking the lead. The index was 0.69% higher at 6,993 points as of Monday’s close.

It marks a fifth consecutive session in which the benchmark index closed in the green. Though, it hasn’t clambered back its June losses yet.

The S&P/ASX 200 Energy Index (ASX: XEJ) led on Monday, gaining 1.9% on the back of higher oil prices.

The price of Brent crude oil lifted 2.7% on Friday to trade at US$110.01 a barrel. Meanwhile, the US Nymex crude oil price gained 2.3% to reach US$96.42 a barrel.

It was also a good day for the S&P/ASX 200 Health Care Index (ASX: XHJ) and the S&P/ASX 200 Materials Index (ASX: XMJ). The latter’s lift likely had something to do with higher base metals and iron ore prices.

The price of nickel lifted 7.8% on Friday while iron ore futures rose 7.4% to trade at US$115.48 a tonne.

It wasn’t all glory, however. The S&P/ASX 200 Information Technology Index (ASX: XIJ) slumped 0.4% on the back of the Megaport Ltd (ASX: MP1) share price’s 13% tumble.

At the end of Monday’s session, eight of the ASX 200’s 11 sectors were in the green. But which shares topped the lot? Let’s take a look.

Top 10 ASX 200 shares countdown

Today’s top performer was lithium and boron producer Allkem Ltd (ASX: AKE). The stock gained 4.5% today despite the company’s silence. Find out what Allkem has been up to lately here.

Today’s biggest gains were made by these ASX 200 shares:

ASX-listed company Share price Price change
Allkem Ltd (ASX: AKE) $11.79 4.52%
Lynas Rare Earths Ltd (ASX: LYC) $9.10 4.48%
Elders Ltd (ASX: ELD) $11.75 4.17%
Champion Iron Ltd (ASX: CIA) $4.98 3.75%
Sonic Healthcare Limited (ASX: SHL) $35.40 3.3%
Sims Ltd (ASX: SGM) $15.16 3.2%
St Barbara Ltd (ASX: SBM) $1.16 3.11%
Deterra Royalties Ltd (ASX: DRR) $4.45 3.01%
Pinnacle Investment Management Group Ltd (ASX: PNI) $10.31 3%
Woodside Energy Group Ltd (ASX: WDS) $32.84 2.69%

Our top 10 ASX 200 shares 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 200 shares today 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 July 7 2022

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

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 positions in and has recommended MEGAPORT FPO and PINNACLE FPO. The Motley Fool Australia has positions in and has recommended PINNACLE FPO. The Motley Fool Australia has recommended Elders Limited, MEGAPORT FPO, and Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/w7oKRae