Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) and most ASX 200 stocks have had a phenomenal run over the past week or two.

It was only back on 18 January that the ASX 200 was sitting at under 7,350 points. But fast forward to today, and that same index has vaulted up to over 7,600 points. That’s a rise worth more than 3.6%. Just yesterday, we also saw the ASX 200 get within a whisker of its all-time record high.

But let’s talk about one ASX 200 stock that puts those gains to shame.

It’s ASX 200 nickel producer Nickel Industries Ltd (ASX: NIC). Nickel Industries shares have enjoyed an extraordinary run over the past six trading days. Back on Tuesday 23 January, the company was asking 56 cents a share. But today, those same shares are going for 79 cents each.

That’s up a whopping 8.97% today alone, as well as up over 41% from 23 January.

So what on earth is going on with this ASX 200 nickel stock that has prompted this incredible spike in value for investors?

ASX 200 stock catapults after positive quarterly update

Well, it seems the biggest contributor to this jump in value is Nickel Industries’ latest quarterly earnings report. Of the 40% or so the ASX 200 stock has jumped in the past six trading days, more than 30% of those gains occurred yesterday and today thus far.

Released yesterday, this report revealed both record nickel production and sales volumes. As we went through at the time, Nickel Industries reported production of 34,450 tonnes of nickel over the three months to 31 December. That was up from 29,367 tonnes over the previous quarter.

Nickel Industries was also able to sell a record 34,427 tonnes of nickel over the quarter, an 18% jump from the previous quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) did fall over the quarter, dropping from US$97.6 million down to US$85.1 million. Still, Nickel Industries had US$1.3 billion in cash and inventory in the bank as of 31 December.

Also worth noting was Nickel Industries’ new share buyback program. In addition to a more generous dividend policy, the ASX 200 stock has committed to return “up to” $100 million to investors through on-market share buybacks over the coming 12 months.

So considering all of this, it’s not hard to see why ASX 200 investors might be keen to buy up Nickel Industries shares right now. Despite these healthy gains though, the Nickel Industries share price remains down by more than 28% over the past 12 months.

The post This ASX 200 stock has rocketed 42% in six days. Here’s why appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Gold Road, Ioneer, Megaport, and Nickel Industries shares are roaring higher
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• 3 ASX 200 stocks starting the new year at near 52-week lows

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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The S&P/ASX 200 Index (ASX: XJO) was down 0.4% in early morning trade today and just about flat at 11:30am AEDT. That’s when the Australian Bureau of Statistics (ABS) released the latest Consumer Price Index (CPI) data.

In the minutes that followed, ASX 200 investors sent the benchmark index soaring to be up 0.3% for the day, though it’s since given back much of those gains.

Here’s why the latest batch of CPI data sent the benchmark index sharply higher.

ASX 200 investors celebrating CPI data

The ASX 200 is charging higher following news that inflation in Australia increased 0.6% in the December quarter and 4.1% annually. That’s significantly below analysts’ consensus expectations of a 4.3% annual increase in inflation.

And it represents a massive improvement on the blistering 7.8% peak annual CPI levels reported in December 2023.

This looks to be giving ASX 200 investors hope that Australia’s official cash rate of 4.35% (up from a rock bottom 0.10% on 3 May 2022 when the RBA began its rapid tightening cycle) has peaked.

ABS head of prices statistics Michelle Marquardt said, “While prices continued to rise for most goods and services … this was the smallest quarterly rise since the March 2021 quarter.”

The biggest contributors to the ongoing price rises Down Under were housing, up 1.0%; alcohol and tobacco, up 2.8%; insurance and financial services, up 1.7%; and food and non-alcoholic beverages, up 0.5%.

Commenting on the 1.5% increase in the price of new dwellings purchased by owner occupiers fuelling the big increase in housing prices, Marquardt said:

Higher labour and material costs contributed to price rises this quarter for construction of new dwellings. The 1.5% increase is slightly higher than the 1.3% rise in September 2023 quarter.

And renters weren’t spared some extra cost of living pain either. Rental prices rose 0.9% for the quarter, down from a 2.2% increase in the September quarter. However, excluding the changes to Commonwealth Rent Assistance, rental prices would have increased by 2.2%.

Though that doesn’t appear to be spooking ASX 200 investors today.

Now what?

The next RBA interest rate decision will be announced on Tuesday, 6 February.

While inflation is still more than twice the lower end of the RBA’s 2% to 3% target range, today’s promising figures make another interest rate hike from the central bank significantly less likely.

Though it would be premature for ASX 200 investors to factor in the first RBA interest rate cut just yet.

The post ASX 200 off to the races as Australia’s inflation data surprises to the downside appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
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• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Bernd Struben 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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The Sayona Mining Ltd (ASX: SYA) share price pain continues on Wednesday.

At the time of writing, the lithium miner’s shares are down 12% to a new 52-week low of 3.7 cents.

This means that Sayona Mining’s shares are now down 86% over the last 12 months.

Why is the Sayona Mining share price crashing today?

Investors have been rushing to the exits today after the company revealed just how bad things are getting due to weak lithium prices.

According to its quarterly update, Sayona Mining reported a 76% decline in revenue quarter on quarter to $23 million.

But it gets much worse. To generate this revenue, Sayona spent approximately $77.6 million on production, staff costs, and administration.

This ultimately led to its cash balance falling from $233 million to $158 million during the three months.

Lithium price weakness starts to bite

During the three months, the company experienced a sizeable 52% quarter on quarter decline in its average realised selling price to A$946 per dry metric tonne (dmt).

At the same time, the company’s unit operating cost increased 14% to A$1,397 per dmt.

This means that it is operating with a negative margin of A$451 per dmt and losing considerable money every time it pulls lithium out of the ground and sells it.

Clearly this isn’t sustainable. And judging by the Sayona Mining share price performance today, the market appears to believe that something will have to give. This could mean following in the footsteps of Core Lithium Ltd (ASX: CXO) by suspending operations to conserve cash.

It is worth noting that Sayona Mining recently announced an operational review to optimise its cost structure. And while it hinted that it hoped to continue mining activities through the cycle, it is going to be very difficult with a realised selling price of just A$946 per dmt.

The results of the review are expected during the current quarter.

The post Sayona Mining share price crashes 12% as weak lithium prices start to bite appeared first on The Motley Fool Australia.

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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 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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The S&P/ASX 200 Index (ASX: XJO) has fought back from a red morning and is pushing higher in afternoon trade thanks to cooling inflation. At the time of writing, the benchmark index is up 0.2% to 7,616.9 points.

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

Bubs Australia Ltd (ASX: BUB)

The Bubs share price is up 9% to 12 cents. This follows the release of the infant formula company’s quarterly update. Bubs recorded a 79.7% increase in gross revenue to $25.7 million for the three months ended 31 December. The United States business was the star performer, delivering a 498% increase in gross revenue to $13.7 million. It now represents 53% of total gross revenue.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price is up 4.5% to $8.51. This has been driven by the iron ore miner’s third quarter update this morning. Champion Iron posted record quarterly production of 4wmt, which underpinned revenue of C$507 million and EBITDA of C$247 million.

Playside Studios Ltd (ASX: PLY)

The Playside Studios share price is up 21% to 72.5 cents. Investors have been buying this game developer’s shares after it reported a record quarterly performance. Playside revealed record quarterly revenue of $20.7 million and positive unaudited EBITDA of $8 million. The latter is almost double what was recorded in the previous quarter.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is up 16% to $3.70. This morning, this almond producer released a trading update and revealed that its 2024 crop is looking strong. This is good timing because it also advised that global almond market conditions are increasingly positive. It notes that market prices for almonds are rising, particularly for higher grade material, and export markets are becoming increasingly active.

The post Why Bubs, Champion Iron, Playside Studios, and Select Harvests shares are charging higher appeared first on The Motley Fool Australia.

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• Guess which ASX All Ords share is jumping 18% following its quarterly update
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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 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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The S&P/ASX 200 Index (ASX: XJO) is fighting hard to get into positive territory. At the time of writing, the benchmark index is down a fraction to 7,600.9 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Credit Corp Group Limited (ASX: CCP)

The Credit Corp share price is down 3% to $17.09. Investors have been selling this debt collector’s shares following the release of its half year results. Credit Corp reported a statutory loss after tax of $12.1 million for the period. Though, on an underlying basis, its profits would have been up 5% to $33.5 million.

Incitec Pivot Ltd (ASX: IPL)

The Incitec Pivot share price is down 8% to $2.68. This has been driven by the industrial chemicals company’s shares going ex-return on capital this morning. Incitec Pivot is returning $500 million to shareholders via a $0.1557 per share equal capital reduction and an unfranked special dividend of $0.1017 per share. The special dividend will be paid to eligible shareholders next week on 8 February.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is down 9.5% to 3.8 cents. This follows the release of the lithium miner’s quarterly update this morning. That update revealed a 76% decline in revenue quarter on quarter to $23 million. More importantly, management reported that its unit operating cost increased to A$1,397 per tonne, which is significantly more than its realised selling price of $946 per tonne.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is down 8.5% to $3.53. Investors have been selling the semiconductor company’s shares after it reported quarterly revenue of less than $500,000. As a comparison, prior to today, Weebit Nano’s market capitalisation was over $700 million. In light of this, it may not be surprising to learn that it is one of the most shorted shares on the ASX.

The post Why Credit Corp, Incitec Pivot, Sayona Mining, and Weebit Nano shares are dropping appeared first on The Motley Fool Australia.

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• These are the 10 most shorted ASX shares

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The Liontown Resources Ltd (ASX: LTR) share price is in the red today.

Shares in the S&P/ASX 200 Index (ASX: XJO) lithium stock closed yesterday trading for $1.03. In morning trade on Wednesday, shares are swapping hands for $1.00, down 2.5%.

For some context the ASX 200 is down 0.29% at this same time.

This follows the release of the lithium miner’s quarterly update for the three months ending 31 December.

Here are the highlights.

ASX 200 lithium stock slips amid ongoing lithium price headaches

The Liontown share price is sliding despite the company highlighting that its Kathleen Valley Lithium Project remains on budget and on schedule for first production in mid-2024.

The project, located in Western Australia, is now more than 72% complete. Underground mine development kicked off in November.

Open pit mining was also reported to have progressed in line with plans. Liontown mined 1.4 million bulk cubic metres during the quarter.

In preparation for the startup, the ASX 200 miner said it had  222 full-time employees at the end of 2023, with recruitment ongoing.

The quarter just past also saw Liontown execute a long-term Port Access and Services Agreement with Mid West Ports Authority. This will facilitate the export of lithium spodumene concentrate from the Port of Geraldton.

And on 20 October, Liontown completed a $365 million institutional placement. This was supplemented by a $10.8 million placement to chairman Tim Goyder and a $13.8 million Shareholder Purchase Plan.

What did management say?

Commenting on the quarterly results that have so far failed to boost the Liontown share price today, managing director Tony Ottaviano said:

Of the many milestones reached this quarter, the commencement of underground mining was significant and on schedule.

The team has done an outstanding job in seamlessly mobilising to site, commencing six access portals, and achieving 352 total development metres in less than two months. Byrnecut will progressively mobilise further resources to site as we ramp up operations.

Ottaviano added, “I remain confident in our ability to deliver Kathleen Valley, our Tier-1 lithium project, on budget and schedule to first production by mid-2024.”

Addressing the capital-preserving decision to delay the project expansion — which was announced on 22 January and saw the Liontown share price close the day down a precipitous 21% — Ottaviano said:

Post the end of the quarter, we announced that we have commenced a review to examine the options of deferring the mine expansion from 3Mtpa to 4Mtpa until market conditions improve.

The decision to undertake a review of the planned expansion and associated ramp-up of Kathleen Valley was based on short- to medium-term lithium price forecasts, which have materially declined in recent months, including an almost 60% drop since October 2023.

As at 31 December, the company had a cash balance of $517 million.

Liontown share price snapshot

There have been some big ups and downs for the Liontown share price over the past 12 months. The ASX 200 lithium stock surged in March following a takeover offer from Albemarle Corp (NYSE: ALB), which eventually did not go through.

But the miner hasn’t escaped the impacts of the crashing lithium price, which sees the Liontown share price down 40% since this time last year.

The post Liontown share price slips as plunging lithium price outweighs pending maiden production appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
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• Here are the top 10 ASX 200 shares today
• Buy, hold, or sell? What is Goldman Sachs saying about Liontown shares?
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor Bernd Struben 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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The Weebit Nano Ltd (ASX: WBT) share price is having a difficult session on Wednesday.

In morning trade, the semiconductor company’s shares are down 10% to $3.48.

Why is the Weebit Nano share price crashing into the red?

Investors have been hitting the sell button today after the company released its quarterly update and revealed barely any revenue.

According to the release, Weebit Nano received its first intellectual property (IP) licensing revenues for its embedded ReRAM during the quarter. This pulled in revenue of $457,000 for the period.

As a comparison, the current Weebit Nano share price implies a market capitalisation of approximately $670 million.

This is higher than the market capitalisations of companies such as Core Lithium Ltd (ASX: CXO), Kogan.com Ltd (ASX: KGN), Myer Holdings Ltd (ASX: MYR), and Tyro Payments Ltd (ASX: TYR).

Given this woeful revenue generation and lofty valuation, it won’t be a surprise to learn that short sellers are targeting it and labelling it as another Brainchip Holdings Ltd (ASX: BRN) meme stock.

Nevertheless, management remains very positive on the future and is spending heavily on its operations. This led to an operating cash outflow of $12 million for the quarter, reducing its cash balance to $72 million from $84 million.

It also believes that these early revenues are just the tip of the iceberg, though time will tell if that is the case. It said:

While initial proceeds from licensing fees are relatively small, totaling A$457,000, they demonstrate the Company’s significant technical progress in recent years. Weebit’s embedded ReRAM will generate revenues from foundries, IDMs, and product companies in three main ways: licensing fees for design and manufacture; engineering fees for designs and processes; and royalties per customer use. Royalties will be received once customers begin shipping end products.

In 2024, Weebit expects to continue receiving initial small licensing and NRE payments from its existing customers, as well as others which will be signed up during the year. As it takes customers more than a year and a half from when they engage with Weebit until they enter mass production, no royalty payments are expected in 2024.

The Weebit Nano share price is down 30% over the last 12 months.

The post Why is the Weebit Nano share price crashing 10% today? appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares
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• These are the 10 most shorted ASX shares
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today

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 Kogan.com and Tyro Payments. The Motley Fool Australia has recommended Kogan.com and Tyro Payments. 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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Bubs Australia Ltd (ASX: BUB) shares are catching the eye on Wednesday morning.

In early trade, the ASX All Ords infant formula company’s shares have jumped 18% off their 52-week low to 13 cents.

Why is this ASX All Ords share jumping?

The catalyst for this jump has been the release of the company’s quarterly update this morning.

According to the release, Bubs recorded a 79.7% increase in gross revenue to $25.7 million for the three months ended 31 December.

This was driven largely by Bubs Infant Formula, which reported gross revenue of $18.8 million for the period. This is up 97.8% on the prior corresponding period.

The ASX All Ords share’s United States business was the star performer. It reported a 498% increase in gross revenue to $13.7 million. This means the business now represents 53% of total gross revenue.

Revenue in China grew by a modest 4.5% to $4.2 million and Australia gross revenue fell 4% to $4.8 million. The company’s Rest of World business posted a disappointing 13.1% decline in gross revenue to $1.2 million.

Overall, management believes this leaves it well-positioned to achieve its guidance in FY 2024.

Bubs CEO and managing director, Reg Weine, commented:

Momentum in our business continues to build and Q2 was another very strong quarter with gross revenue up 79.7% on the prior corresponding period driven by our rapid growth in the US. Bubs remain firmly on track to achieve our guidance for FY24. USA market expansion remains our number one priority and despite the recent inventory shortages in the US, we grew our USA revenue by 20.8% over Q1.

Despite its sales growth, Bubs continues to burn through cash. Management advised that operating cash outflow for the quarter increased to $8 million. This was primarily due to the inventory build and increase in safety stock to service the growth in demand in the USA.

The ASX All Ords share ended the period with a cash and available bank facilities totalling $37.2 million.

The post Guess which ASX All Ords share is jumping 18% following its quarterly update appeared first on The Motley Fool Australia.

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More reading

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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 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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IGO Ltd (ASX: IGO) shares are on the slide on Wednesday morning.

At the time of writing, the battery materials miner’s shares are down 9% to $7.03.

Why are IGO shares sinking?

Investors have been selling the ASX 200 mining share this morning in response to the release of its quarterly update.

According to the release, the company reported underlying EBITDA of $153 million for the quarter. This is down a sizeable 58% quarter on quarter.

Also falling heavily was its underlying free cash flow, which was down 118% to negative $96 million. Though, the company still has $276 million in net cash and a $720 million undrawn debt facility.

This weak result was driven largely by lower production and higher costs for its Greenbushes operation, together with significantly weaker spodumene prices. In fact, management notes that Greenbushes sales came in $1 billion lower quarter on quarter at $1.3 billion.

Furthermore, the company’s Kwinana Lithium Hydroxide Refinery didn’t recognise any sales during the quarter. As a result, it recorded an EBITDA loss of $169.2 million for the period. Nevertheless, management notes that Kwinana’s product remains qualified and further qualification with potential customers is continuing.

Elsewhere, the company’s nickel production was largely flat during the quarter at 7,118 tonnes. Unfortunately, this means that it has downgraded its FY 2024 nickel production guidance to 28,500 – 31,000 tonnes (from 29,000 – 32,500 tonnes).

Cosmos operation update

Also weighing on IGO shares today is news that it is putting its Cosmos Project on care and maintenance following a review.

That review found a reduction in the expected life of mine, delays in getting the mine to full capacity, and further increases in operating and capital costs. In addition, management notes that commodity prices have deteriorated significantly since the review commenced, which have impacted the economics of Cosmos.

IGO’s managing director and CEO, Ivan Vella, commented,

This is not the outcome anyone at IGO wanted, however we cannot ignore the operational and financial risks involved in continuing to develop Cosmos in the current environment. We still believe there is value in Cosmos, however in this nickel environment we need to be disciplined with our allocation of capital, while retaining our optionality to restart if market conditions improve.

The company expects a total impairment charge to be in the region of $150 million to $175 million.

IGO shares are now down 52% over the last 12 months.

The post Why are IGO shares crashing 9% on Wednesday? appeared first on The Motley Fool Australia.

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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 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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ASX shares that are delivering good underlying growth may be able to produce strong shareholder returns. I’d happily buy the two investments in this article with $1,000 today.

If I had $1,000 to invest, I’d want to choose something I think can do well over the long term and that I’d want to buy more of in the future. I don’t want to own 40 different investments with $1,000 in each. I’d rather have my portfolio focused on somewhere between 10 to 20 names, unless investing in just a few exchange-traded funds (ETFs).

With that in mind, these are two ASX share options I really like.

BetaShares Global Sustainability Leaders ETF (ASX: ETHI)

This is an ETF that is invested in a global portfolio of businesses that have passed a number of ethical screenings.

It has a total of around 200 names – around 70% of the portfolio is allocated to US businesses, with Japan (9%), Germany (4.4%), the Netherlands (3.5%), Denmark (1.9%), Canada (1.9%) and Switzerland (1.5%) being the countries with a weighting of more than 1%.

The businesses in the portfolio have to be climate leaders in their industry, or be involved in helping the world decarbonise.

This investment process cuts out businesses involved in gambling, alcohol, tobacco, armaments, fossil fuels and other sectors that are engaged in activities deemed inconsistent with responsible investment considerations.

The ETHI ETF also avoids businesses that have supply chain concerns, or if they don’t have gender representation on boards.

It has an annual management fee of 0.59%, which I think is good value considering the extensive process that it has gone through.

Some of the names in the portfolio include Nvidia, Visa and Apple. These three positions currently make up 15.4% of the portfolio.

Past performance is certainly not a guarantee of future performance, but since inception in January 2017, the portfolio has achieved an average return per annum of 16.8%.

Bailador Technology Investments Ltd (ASX: BTI)

Bailador is a business that invests in unlisted technology companies. I like that with this ASX share we can get a good growth profile and diversification across the different businesses.

It currently has a portfolio of seven names, with the biggest three being Siteminder Ltd (ASX: SDR), RC Topco (formerly Rezdy), Access Telehealth and Rosterfy. You can check out the company’s monthly update for a more detailed description of each business, as well as regular commentary on the portfolio’s progress.

There are a few different characteristics that Bailador typically looks for in a business: run by the founders, two to six years in operation, proven business model with attractive unit economics, international revenue generation, a huge market opportunity and the ability to generate repeat revenue.

In the three years to December 2023, the portfolio return after tax has been 13.3% per annum, which is solid considering the disruption of different economic events.

It targets a dividend yield on the pre-tax net tangible asset (NTA) of 4%, excluding the bonus of franking credits. With the business currently trading at a 25% discount to the pre-tax NTA, the dividend yield is bigger than that.

The post Got $1,000? 2 ASX shares to buy right now appeared first on The Motley Fool Australia.

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More reading

• Here are 10 ASX shares I’d buy in 2024
• 2 compelling ASX ETFs I’d buy for my child in 2024
• 2 excellent ASX ETFs I’d buy for diversification and growth

Motley Fool contributor Tristan Harrison has positions in Bailador Technology Investments. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, Bailador Technology Investments, Nvidia, SiteMinder, and Visa. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool Australia has recommended Apple, Bailador Technology Investments, and Nvidia. 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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