In morning trade the S&P/ASX 200 Index (ASX: XJO) is on course to give back some of yesterday’s gains. At the time of writing the benchmark index is down 0.45% to 5,754.3 points.

Four shares that have not let that hold them back are listed below. Here’s why they are racing higher:

The ALS Ltd (ASX: ALQ) share price is up almost 2.5% to $7.21 after the release of its full year results. This morning the testing services company reported a 10% increase in revenue to $1,831.9 million and a 4.3% lift in underlying net profit to $188.8 million (both from continuing operations). The latter was in line with its guidance range. ALS was confident enough in its outlook and balance sheet to declare a final dividend of 6.1 cents per share.

The Metcash Limited (ASX: MTS) share price is up 2% to $2.69. This appears to have been driven by a broker note out of UBS this morning. According to the note, the broker has upgraded Metcash’s shares to a buy rating with a $2.85 price target. It likes Metcash because of the strength of the grocery channel and the improving outlook for the hardware channel.

The National Australia Bank Ltd (ASX: NAB) share price has jumped a further 5% to $17.47. The big four banks are on fire again on Wednesday. Investors continue to pile in on the belief that they were oversold during the pandemic. Especially given Australia’s quicker than expected reopening, which looks set to lessen the economic damage.

The Pointsbet Holdings Ltd (ASX: PBH) share price has stormed 8% higher to $5.48. Investors have been buying the sports betting company’s shares after the release of a trading update. That update revealed that its Australian business has achieved a net win of $18.2 million for the period 1 April to 25 May. This has been driven by a shift in gambling online following the closure of retail venues.

More reading

• Why the NAB share price is surging higher today
• Why the PointsBet share price is on a winning streak this morning
• How much money should you have in your emergency fund going forwards?
• Where to invest $5,000 in ASX 200 shares today
• 5 things to watch on the ASX 200 on Wednesday

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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If I had $10,000 to put into S&P/ASX 200 Index (ASX: XJO) shares today, it wouldn’t be an easy decision. Since the lows we saw in March, the ASX 200 has rallied considerably – rising over 27% on yesterday’s close. That means that ASX 200 shares that I might have considered cheap back then are less so today.

But that doesn’t necessarily mean there are no good opportunities out there. So here are 2 ASX 200 shares that I would invest $10,000 in today.

Altium Limited (ASX: ALU)

Altium is one of those companies that have rebounded exceptionally well over the last 2 months – rising over 50% from a March low of $23.11 to yesterday’s closing price of $37.15.

Even though it would have been far better to nab Altium shares at March prices, I think this company still has a considerable upside on current prices if one has a long-term mindset.

The printed circuit board software that Altium sells is wildly popular in the electrical engineering space and has plenty of fertile ground to till. Almost every single moderately complex electronic device you can think of has some form of a printed circuit board within it, and these need to be individually designed to fit each application. 

With technology constantly evolving and new applications for electronics ever-growing, I envision this industry being far larger in a decade’s time. I also think Altium will continue to be a market leader, making this a great investment for $10,000 today, in my view.

MFF Capital Investments Ltd (ASX: MFF)

MFF is a listed investment company (LIC) that employs a Warren Buffett-esque long-term, buy-and-hold investing philosophy. It primarily invests in top-quality US companies, including Mastercard, Visa, and Home Depot, as well as Wells Fargo, Microsoft, and JP Morgan Chase, which it has owned for many years. Its portfolio manager is Chris Mackay, one of the co-founders of Magellan Financial Group Ltd (ASX: MFG) and one of the most respected fund managers in the country

The fact that MFF is currently holding a considerable cash position (38% as of 30 April) also gives me a lot of confidence that the company will be ready to put cash to work if the markets take a turn for the worse.

The MFF share price has recently come off the boil and is going for $2.80 as of yesterday’s close – a long way away from the highs of $3.88 we saw in February. As such, I think this is a good buying opportunity with $10,000 today, particularly for those investors who might be looking for an easy way to increase US exposure.

More reading

• 3 easy rules for building a massive ASX share portfolio
• Where to invest $5,000 in ASX 200 shares today
• Where will the Coles share price be in 1 year?
• Tax planning for ASX 200 investors
• Is the BHP share price a buy?

Sebastian Bowen owns shares of Magellan Flagship Fund Ltd, JP Morgan Chase, Mastercard, and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Mastercard and Visa. The Motley Fool Australia owns shares of Altium. The Motley Fool Australia has recommended Mastercard. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Where I would put $10,000 into ASX 200 shares today appeared first on Motley Fool Australia.

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