Category: Stock Market

  • Here are the top 10 ASX shares today

    A young boy dressed in a suit and glasses that are too big for him sits at a desk and holds up a trophy representing the top 10 ASX shares todayA young boy dressed in a suit and glasses that are too big for him sits at a desk and holds up a trophy representing the top 10 ASX shares today

    The S&P/ASX 200 Index (ASX: XJO) was back in the red today, weighed down by utilities and energy shares. At the closing bell, the index was 1.97% lower at 6,568.1 points.

    It made for the second consecutive session of losses for the local market following weak trade on Wall Street overnight.

    The S&P/ASX 200 Utilities Index (ASX: XUJ) lead the ASX 200’s downturn, falling 2.1% despite news that Brookfield appears to have snapped up a 2.5% stake in AGL Energy Limited (ASX: AGL).

    Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) suffered amid lower oil prices, which fell between 1.5% and 1.8% overnight.

    Iron ore futures also slipped again, falling 0.1% to trade at US$130.11 a tonne.

    But not all was dire today. The S&P/ASX 200 Health Care Index (ASX: XHJ) lifted 0.2%.

    And there were plenty of gainers among the mix.

    Let’s take a look at which ASX shares outperformed all others on Thursday.

    Top 10 ASX shares countdown today

    ASX industrials share APM Human Services International Ltd (ASX: APM) bested the rest today, taking out the top spot among the ASX’s 200 biggest companies by market capitalisation. It gained 4.3% today. Read up on APM here.

    Next best was financials stock BSP Financial Group Ltd (ASX: BFL). It lifted nearly 4% on Thursday. Find out more about BSP Financial Group here.

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

    ASX-listed company Share price Price change
    APM Human Services International Ltd (ASX: APM) $2.87 4.36%
    BSP Financial Group Ltd (ASX: BFL) $4.95 3.99%
    Lottery Corporation Ltd (ASX : TLC) $4.53 2,49%
    Graincorp Ltd (ASX: GNC) $9.58 1.7%
    Domino’s Pizza Enterprises Ltd (ASX: DMP) $68.40 1.56%
    Ventia Services Group Ltd (ASX: VNT) $2.475 1.43%
    Yancoal Australia Ltd (ASX: YAL) $5.37 1.32%
    Carsales.com Ltd (ASX: CAR) $18.49 1.32%
    Sonic Healthcare Limited (ASX: SHL) $33.23 1.22%
    James Hardie Industries Plc (ASX: JHX) $31.86 1.18%

    Data as at 3:59pm AEST

    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.

    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 June 1 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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, Sonic Healthcare Limited, and carsales.com Limited. 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 200 healthcare shares provided some pain relief today. Here’s why

    A man in a wheelchair stretches both arms into the air in success.A man in a wheelchair stretches both arms into the air in success.

    A number of ASX shares in the S&P/ASX 200 Health Care Index (ASX: XHJ) outperformed the broader market today.

    The benchmark S&P/ASX 200 Index (ASX: XJO) backtracked yet again, ending Thursday’s session 1.97% lower at 6,568.1 points.

    In contrast, the healthcare sector was the best performer on the ASX today, falling just 0.19% after spending much of the day in the green.

    What’s happening in the ASX 200 healthcare sector?

    The biggest and most heavily weighted share price within the ASX 200 healthcare sector is CSL Limited (ASX: CSL).

    The global biotech outperformed the ASX 200, closing just 0.27% lower at $269.06. Much like the healthcare index, it was in positive territory for most of the day before retreating late in the session.

    However, it was the smaller cap companies such as Paradigm Biopharmaceuticals Ltd (ASX: PAR) and Recce Pharmaceuticals Ltd (ASX: RCE) that led the charge. They gained 10.29% and 9.88%, respectively.

    Paradigm reported a positive release before market open, stating it had received official acceptance of an Australian patent application. However, there was no fresh news out of Recce Pharmaceuticals.

    Meanwhile, the Race Oncology Ltd (ASX: RAC) share price gained 4.84% after the company released the latest interim results from its preclinical cardioprotection program.

    While the ASX 200 Health Care index has rebounded 3.2% this week, it’s still down 12% year-to-date.

    The ASX has been hit hard in recent weeks following high inflation levels and aggressive rate hikes.

    During the March quarter, inflation rose by 5.1%, the highest increase in many years. This led the Reserve Bank of Australia to ramp up the official cash rate by 0.5% to 0.85%.

    Foolish takeaway

    Investing in an ASX-index tracking fund is considered a much safer alternative than picking an individual company.

    This is because the sector is relatively impervious to wild swings from any one share price.

    Furthermore, it’s worth noting that an index has historically provided long-term stable growth.

    It is often the most boring investments that reap the largest rewards.

    The post ASX 200 healthcare shares provided some pain relief today. Here’s why 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 June 1 2022

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    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 positions in and has recommended CSL Ltd. 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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  • Own Soul Patts shares? Here’s how much of its portfolio is exposed to coal

    A miner holds two hands full of coal, indicating share price movement for coal and energy companies

    A miner holds two hands full of coal, indicating share price movement for coal and energy companies

    Washington H. Soul Pattinson and Co Ltd (ASX: SOL) is one of the oldest shares on the ASX. In fact, Soul Patts shares, with origins in the pre-Federation 19th century, predates the ASX itself.

    The company initially grew out of a pharmacy. But these days, Soul Patts is well-known for its Listed Investment Company-like approach to managing its shareholders’ wealth. The company functions more like a Listed investment Company these days than a traditional company.

    Its primary business is investing in a large portfolio of assets on behalf of its investors. Most of these assets are ASX-listed shares, in which Soul Patts has amassed large stakes in.

    Many of these holdings aren’t controversial. They include (as of the March half-year update) the company’s 43.3% stake in Brickworks Limited (ASX: BKW), the 12.6% share of TPG Telecom Ltd (ASX: TPG) and the 25.4% chunk of Tuas Ltd (ASX: TUA).

    Soul Patts or Coal Patts? Here’s what the company owns in coal…

    But this hasn’t come without some consternation from some investors. For another of Soul Patts’ significant holdings is a 39.9% stake in ASX 200 coal miner New Hope Corporation Limited (ASX: NHC). New Hope is a pureplay coal miner, which of course makes it a controversial asset to hold for any investment manager in today’s climate.

    So how much of Soul Patts’ portfolio is exposed to coal miner New Hope?

    Well, as of 31 January 2022, Soul Patts had a net asset value of $9.042 billion. That’s including its multiple share portfolios, as well as its property assets.

    Of this, $9.042 billion, $4.125 billion is housed in the company’s strategic portfolio. This is made up of the stakes in the companies listed above, but excludes the large-cap shares Soul Patts acquired from its acquisition of Milton Corporation last year.

    So on today’s pricing, New Hope has a market capitalisation of $3.03 billion. Soul Patts’ 39.9% stake in this company means it would have approximately $1.21 billion worth of New Hope shares right now.

    That would equate to 13.37% of Soul Patts’ entire investment portfolio (on the 31 January numbers), and just over 14% of Soul Patts’ entire market capitalisation today.

    So that’s something to keep in mind if you own Soul Patts shares today.

    The post Own Soul Patts shares? Here’s how much of its portfolio is exposed to coal 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 June 1 2022

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    Motley Fool contributor Sebastian Bowen has positions in Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended TPG Telecom Limited. 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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  • What is holding back the Flight Centre share price today?

    Paper aeroplane going down on a chart, symbolising a falling share price.

    Paper aeroplane going down on a chart, symbolising a falling share price.

    The Flight Centre Travel Group Ltd (ASX: FLT) share price is on course to end the month in the red.

    In afternoon trade, the travel agent’s shares are down almost 3% to $17.44.

    Why is the Flight Centre share price dropping?

    As well as broad market weakness, the Flight Centre share price appears to have been weighed down by concerns over the state of the travel market.

    This follows the release of data from Tourism Research Australia which shows that Australian tourism is still some way off returning to pre-COVID levels.

    According to the release, there were 8.3 million overnight trips during the month of March. This is down 17% from March 2019.

    One positive, though, is that overnight spending is higher than it was three years ago. Australians spent $6.8 billion in March, up 6% from 2019’s levels.

    This essentially means that fewer people are making overnight trips, but those that do are paying more than they were three years.

    But this could prove to be a problem. With the cost of living increasing materially over the last few months, there’s a chance that even fewer people will travel in the near term given that it costs more to do so than previously.

    If this happens, this could stifle the travel market recovery at a time when Flight Centre’s leisure business was approaching breakeven at long last.

    The release also reveals that early data shows domestic overnight trip rates for April and the first three weeks of May were down in comparison to the same period last year.

    These are interesting times (yet again) for the travel sector and the Flight Centre share price.

    The post What is holding back the Flight Centre share price today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Flight Centre Travel Group Ltd right now?

    Before you consider Flight Centre Travel Group 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 Flight Centre Travel Group 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 June 1 2022

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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 recommended Flight Centre Travel Group Limited. 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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  • Telstra share price slides as Optus exec ramps up calls for TPG deal to be canned

    A woman holds an old fashioned telephone ear piece to her ear while looking unhappy sitting at a desk with her glasses crooked on her nose and a deflated expression on her face.A woman holds an old fashioned telephone ear piece to her ear while looking unhappy sitting at a desk with her glasses crooked on her nose and a deflated expression on her face.

    The Telstra Corporation Ltd (ASX: TLS) share price is falling slightly today amid high level resistance to its proposed agreement with TPG Telecom Ltd (ASX: TPG).

    Telstra shares are currently slipping 0.13% and are trading at $3.885. For perspective, the S&P/ASX 200 Index (ASX: XJO) is falling more than 1% today.

    So which Optus executive is putting Telstra under the pump today?

    Gladys Berejiklian chips in

    Telstra is facing pressure on its proposed network sharing agreement with TPG from a high-profile Optus executive.

    Former NSW Premier Gladys Berejiklian has today voiced her opposition to the plan with a Tweet and post on the Optus website. Berejiklian is now on the executive team at Optus serving as managing director of enterprise, business and institutional.

    Optus is Telstra’s major competitor for wireless services in Australia. Earlier this week, it emerged Optus may be planning to list on the ASX.

    In her first tweet since stepping down as NSW Premier, Berejiklian said:

    We put our customers first at Optus. The proposed Telstra/TPG merger is a backward step for millions of Australians.

    The deal between Telstra and TPG, announced in February, would provide Telstra with access to TPG’s spectrum on the 4G and 5G networks. TPG would get access to 3,700 of Telstra’s mobile network towers under the plan. At the time, Telstra said:

    The agreement demonstrates best-practice asset utilisation and a commitment to
    rationalising our operations to deliver a better customer experience, while increasing capital
    efficiency.

    However, Berejiklian said if the TPG and Telstra merger goes ahead, customers would have “less choice” and face “higher prices”. In a post on the Optus website, Berejiklian elaborated:

    Our regions need more telecommunications investment, better connectivity, and improved services – and the proposed Telstra / TPG network merger is a very big step backward.

    The proposed merger risks these advantages and the future ones and with that, our nation’s economic potential.

    Optus announced this week it has lodged a submission opposing the plan with the Australian Competition & Consumer Commission.

    Telstra share price snapshot

    The Telstra price has climbed 3% in the past 12 months, while it is falling nearly 7% year to date.

    In contrast, the benchmark ASX 200 has shed close to 9% over the past year.

    Telstra has a market capitalisation of nearly $45 billion based on today’s share price.

    The post Telstra share price slides as Optus exec ramps up calls for TPG deal to be canned 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 June 1 2022

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    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 positions in and has recommended Telstra Corporation Limited. 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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  • Do Evolution Mining shares pay a dividend?

    Gold bars and Australian dollar notes.Gold bars and Australian dollar notes.

    The Evolution Mining Ltd (ASX: EVN) share price is $2.41 in late afternoon trading, up 0.21%. This is in contrast to the S&P/ASX 200 Resources Index (ASX: XJR) which is down 1.74%.

    It’s ironic to see the ASX gold share outdoing the resources benchmark today given it was a disappointing update from Evolution on Monday that appears to have spooked gold investors all week. As my fellow Fool Sebastian reports, several ASX gold mining shares are digging new 52-week lows today as a result.

    If we zoom out on 2022, the Evolution Mining share price is having a dog of a year. It has tumbled by 41% over the first half. By comparison, the ASX 200 resources index has dipped by 1.26%.

    So, Evolution has done almost 40% worse than its peers in the metals & mining and energy industries. D-O-G.

    But these things happen. We’re in a market correction, after all, and Evolution certainly isn’t the only ASX 200 share to have lost more than 40% in value so far this year.

    Dividends provide comfort to investors

    The great thing about dividends is they provide comfort during tough market cycles.

    When share prices are falling and investors are a bit depressed or panicky, dividends are the silver lining.

    Companies don’t stop paying dividends when their share prices fall.

    The next round of dividends is coming soon, with the August earnings season not too far away.

    Do Evolution Mining shares pay a dividend?

    Yes, they do.

    In its FY22 half-year results reported in February, Evolution Mining declared a dividend of three cents with 100% franking.

    Based on today’s share price, that’s a dividend yield of 1.24% with the final dividend yet to be added on top.

    In FY21, Evolution Mining paid 12 cents in fully-franked dividends — a yield of 5% based on the current share price.

    Evolution Mining will announce its full-year results and final dividend for FY22 on 18 August.

    The post Do Evolution Mining shares pay a dividend? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Evolution Mining Ltd right now?

    Before you consider Evolution Mining 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 Evolution Mining 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 June 1 2022

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    Motley Fool contributor Bronwyn Allen 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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  • Here are the 3 most heavily traded ASX 200 shares on Thursday

    A man is deep in thought while looking at graph and rising and falling percentages.A man is deep in thought while looking at graph and rising and falling percentages.

    The S&P/ASX 200 Index (ASX: XJO) is yet again retreating during Thursday’s trading session. At the time of writing, the ASX 200 has slumped by 1.24% and is now at 6,617 points.

    But let’s not let that get us down. Instead, here is a look at the shares currently topping the ASX 200’s share volume charts today, according to investing.com.

    The 3 most traded ASX 200 shares by volume this Thursday

    Pilbara Minerals Ltd (ASX: PLS)

    Let’s start off with ASX 200 lithium share Pilbara Minerals. So far this Thursday, a hefty 14.28 million Pilbara shares have been swapped. There’s been no news or announcements out of the company so far today.

    Thus, it’s likely the volatility Pilbara shares have seen in today’s trading session that is the cause of this volume. Pilbara is presently down 0.43% at $2.29 a share. But it has bounced between $2.24 and $2.38 a share over Thursday’s session.

    Lake Resources N.L. (ASX: LKE)

    Another ASX 200 lithium stock in Lake Resources is next up. So far today, a sizeable 16.56 million Lake shares have been bought and sold.

    The Lake Resources share price has also had a bumpy day. It rose as high as 84 cents a share this morning but investors seem to have got cold feet, with the company now down 1.57% at 78.3 cents. It’s probably this volatilty again that is the smoking gun here.

    Evolution Mining Ltd (ASX: EVN)

    From lithium to gold, we have gold miner Evolution as our final and most traded ASX 200 share today. This Thursday has seen a notable 17.71 million Evolution shares swap hands as it currently stands.

    We’ve also seen some bouncing around with this company today. Soon after open, the Evolution share price rose as high as $2.51 a share. But again, sentiment has cooled off this afternoon, and the company is now down 0.21% at $2.40 a share.

    This could be responsible for Evolution’s high volumes, helped perhaps by the company’s disastrous week so far — it has fallen 29% since last Friday’s close.

    The post Here are the 3 most heavily traded ASX 200 shares on Thursday 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 June 1 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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  • Why the CBA share price is slipping lower today

    A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.

    The Commonwealth Bank of Australia (ASX: CBA) share price is trading in the red today.

    At the time of writing, the CBA share price is fetching $91.40 apiece, around 1.7% lower from the open on no news.

    In broad market moves, the S&P/ASX 200 Financials Index (ASX: XFJ) has also slipped 1.2% into the red today, reversing a relief rally started on 17 June.

    TradingView Chart

    What’s up with the CBA share price?

    Whilst there’s nothing specific out of CBA’s camp today, when zooming out and looking at the macroeconomic picture, there’s lots to talk about.

    Firstly, the bank has just completed a 140 basis point increase to its fixed lending rates, following similar moves by the Reserve Bank (RBA) to the cash rate a few weeks ago.

    Under the new terms, CBA’s 1-year fixed rates are now 4.99%, whereas 5-year fixed rates have lifted to 6.69%.

    Aside from that, US Federal Reserve chair Jerome Powell added some colour to the inflation narrative at the Economic Policy Panel in Portugal on Wednesday.

    “We’re [the Fed] strongly committed to using our tools to get inflation to come down. The way to do that is to slow down growth, ideally keeping it positive,” Powell said.

    “Is there a risk that would go too far? Certainly, there’s a risk,” he added. But the bigger risk would be to “fail to restore price stability,” he countered.

    Central banks use interest rates as a primary tool to tackle inflation, so there’s much speculation that further interest rate hikes are on the way, especially from this language.

    The RBA looks set to continue its tightening cycle as well, which raises questions on whether CBA will pass these through to customers.

    Alas, with investors budgeting less and less to risk in 2022, the selling continues for the CBA share price on Thursday.

    That brings losses to 8.5% for the last 12 months, and 9.5% for the year to date.

    The post Why the CBA share price is slipping lower today appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Commonwealth Bank Of Australia right now?

    Before you consider Commonwealth Bank Of Australia, 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 Commonwealth Bank Of Australia 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 June 1 2022

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    Motley Fool contributor Zach Bristow 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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  • What’s dragging on the Fortescue share price today?

    A woman frowns and crosses her arms.

    A woman frowns and crosses her arms.The Fortescue Metals Group Limited (ASX: FMG) share price is having a disappointing day.

    In afternoon trade, the mining giant’s shares are down 3% to $17.83.

    Why is the Fortescue share price falling?

    There are a couple of potential catalysts for the weakness in the Fortescue share price today.

    The first is a pullback in iron ore prices. According to Reuters, Dalian and Singapore iron ore futures fell on Thursday amid demand worries in China for the steel-making ingredient.

    After four straight sessions of gains, the price of iron ore for September delivery fell 2.7% on China’s Dalian Commodity Exchange. This puts it on track to record a quarterly loss of approximately 11%.

    Anything else?

    Also potentially weighing on the Fortescue share price are comments out of Commonwealth Bank of Australia (ASX: CBA).

    The banking giant’s commodities team has warned that commodity prices could fall materially by the end of 2023 as demand softens.

    Vivek Dhar, CBA’s mining and energy analyst, courtesy of the AFR, said:

    The key risk to the ongoing rise in energy and mining commodity prices is demand destruction. High food prices and rising interest rates to combat inflation will also drag on end-user demand, further reducing the likelihood that mining and energy commodity prices will continue to rise.

    Should this happen, then the big dividends that Fortescue has been paying in recent times could come under threat.

    The post What’s dragging on the Fortescue share price today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Fortescue Metals Group Limited right now?

    Before you consider Fortescue Metals Group Limited, 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 Fortescue Metals Group Limited 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 June 1 2022

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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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  • What is the current dividend yield for Accent shares?

    a pile of colourful trainer shoes and sandshoes fashioned to look like a large shoe.

    a pile of colourful trainer shoes and sandshoes fashioned to look like a large shoe.

    In defiance of the S&P/ASX 200 Index (ASX: XJO) today, the Accent Group Ltd (ASX: AX1) share price is actually in the green. So far this Thursday, Accent shares have gained a healthy 0.8% at $1.25 a share. This stands in stark contrast to the ASX 200, which has lost another 0.74% at the time of writing. 

    But zooming out, it seems the ASX 200 gets the last laugh. 2022 has been a particularly brutal year for Accent shares. The footwear company is now down by almost 49% year to date. By comparison, the ASX 200 has only lost around 12.4% since the start of the year.

    But what of Accent’s dividends? Have investors at least been comforted by some dividend income during these nasty falls?

    What kind of dividend yield are Accent shares offering today?

    Well, Accent is indeed a dividend-paying share. The company has even delivered an annual dividend increase every year since 2014. Saying that, this streak looks to be on shaky ground in 2022. Accent’s last interim dividend, which was paid out back in March, came in at 2.5 cents per share. That’s a big drop from 2021’s interim dividend of 8 cents per share.

    In order for Accent to match the 2021 dividend total of 11.3 cents per share, it will need to pay a final dividend of 8.8 cents per share. That would be a big jump over 2021’s final dividend of 3.25 cents per share.

    So with that in mind, what might the current yield on Accent shares be? Well, the company’s past two dividends add up to 5.75 cents per share. On the current Accent share price of $1.25, that gets us to a trailing dividend yield of 4.6%. Given Accent’s dividends typically come with full franking credits, that yield grosses up to 6.57%. 

    But it could get even better for income investors going forward. As my Fool colleague James discussed earlier this month, ASX broker Bell Potter is estimating Accent will be able to pay a total of 10.7 cents per share in dividends over FY2023. If that turns out to be accurate, it would mean Accent shares have an FY2023 forward dividend yield of over 8.5% today.

    But we shall have to wait and see what happens.

    At the current Accent share price, this ASX 200 retailer has a market capitalisation of $678.4 million.

     

     

    The post What is the current dividend yield for Accent shares? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Accent Group Ltd right now?

    Before you consider Accent Group 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 Accent Group 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 June 1 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 recommended Accent Group. 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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