Category: Stock Market

The Deep Yellow Ltd (ASX: DYL) share price is jumping higher in afternoon trade on Tuesday. At the time of writing, the shares are 8.47% higher at $1.92 a piece. 

The shares are still down 1.54% for the year to date, however, after the uranium miner lost over 35% of its share price value in March alone. 

Deep Yellow posted weak half-year results in early March, revealing that its consolidated loss for the six months to 31st December had jumped to $7.8 million, up from $2.5 million in the prior year.

It looks like some investors also started selling up their shares after the stock rallied earlier in the year, taking their gains off the table.

Meanwhile, there was broad weakness across in the uranium industry. This was potentially exacerbated after speculation that the company would launch a capital raising. The company has denied this will happen.

Despite the latest volatility, the shares are still 102% higher than 12 months ago.

So why are Deep Yellow shares climbing higher again today?

The uranium miner’s shares are climbing higher again today as investors buy back into the company. There hasn’t been any price-sensitive news out of Deep Yellow recently to explain the increase, but after the latest sell-off, it’s likely that investors are snapping up the shares in the dip.

The increase may also come off the back of some recent stabilisation of uranium prices. Trading Economics data shows that uranium futures in the US are steady around US$85 per pound, trading in a narrow range since dropping to a two-month low in mid-March.  

Are the shares a buy, sell, or hold?

Despite weaker than expected half-year results, Deep Yellow confirmed it is positioning itself as a future uranium producer and is actively pursuing a “dual pillar” growth strategy. 

The company plans to build a uranium production platform capable of producing more than 10 million pounds per year. Its two main assets are the Tumas Project in Namibia and the Mulga Rock Project in Western Australia. They’re both projects located in established uranium regions and are expected to underpin the company’s long-term development plans.

Management also flagged that mergers and acquisitions could form part of its growth strategy if opportunities arise to acquire high-quality uranium assets.

Market Index data shows that brokers are positive on the outlook for Deep Yellow shares. They rate the stock as a buy, and its average $2.44 target price implies a potential 26.25% upside at the time of writing. 

The post Why is everyone buying Deep Yellow shares today? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• These were the worst-performing ASX 200 shares in March

Motley Fool contributor Samantha Menzies 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.

Since late March, the S&P/ASX 200 Index (ASX: XJO) has rebounded roughly 7%. 

Despite this recovery, the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) has remained flat. 

The consumer discretionary index remains down more than 12% year to date. 

There are several factors that could be keeping investors away from the sector: 

• Interest rates – higher rates reduce spending
• Inflation – high inflation reduces discretionary income
• Consumer confidence – low confidence leads to cutbacks

Despite these headwinds, there remains long-term value in the sector, as these economic conditions ebb and flow over the long term. 

For investors willing to deal with short-term volatility but looking for long-term opportunities, here are three consumer discretionary shares to consider. 

Aristocrat Leisure Ltd (ASX: ALL)

Aristocrat is an Australian gaming technology company licensed in around 340 gaming jurisdictions in more than 100 countries. Aristocrat offers a range of products and solutions in the gaming space, including poker machines and casino management systems.

Its share price has fallen 18% year to date and 25% over the last year. 

It currently sits close to 52-week lows. 

However, it could be a buy-low opportunity for the long term. 

Recently, Macquarie retained its outperform rating and $63 price target on this consumer discretionary stock. 

From today’s price of close to $46.92, that indicates an upside of 34%. 

The team at Morgans are also optimistic that the share price will recover. 

The broker believes its shares are attractively priced right now, given its strong growth track record.

Harvey Norman Holdings Ltd (ASX: HVN)

Harvey Norman is a leading Australian-based retailer selling electrical, computer, furniture, and entertainment goods.

Its share price is down almost 34% year to date after a tough February and March. 

Negative sentiment appears to be continuing this month, although it now appears to have been oversold. 

It simply might now be too cheap to ignore.

Bell Potter seems to agree. The broker currently has a buy rating with a price target of $6.70. 

From today’s share price of $4.64, that indicates an upside potential of 44%. 

JB Hi-Fi Ltd (ASX: JBH)

Finally, JB Hi-Fi is also sitting well below yearly highs. 

The retailer of home entertainment and home appliance products has seen its share price fall more than 23% year to date. 

Analysts at Bell Potter recently retained their buy rating on this retail giant’s shares with a reduced price target of $90.

That target sits right around the average of 15 analyst forecasts via TradingView. 

If this consumer discretionary stock reaches this target in the next 12 months, it would represent a 23% rise. 

The post Consumer discretionary shares to target for a long-term rebound appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 stocks hit a 52-week low: Buy, sell or hold?
• 2 ASX blue-chip shares offering big dividend yields
• 5 ASX 200 shares that could be a bargain right now
• How I’d invest $15,000 in ASX shares right now
• Harvey Norman just hit a 52-week low. Is this beaten-down ASX retailer becoming too cheap to ignore?

Motley Fool contributor Aaron Bell 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Harvey Norman and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This $1.5 billion ASX stock is roaring back to life on Tuesday.

IperionX Ltd (ASX: IPX) stock jumped 11% to $4.86 during afternoon trade, a sharp reversal that’s sure to catch investors’ attention.

And it’s a welcome change. Over the past month, the ASX stock is still down 18%. Stretch that to six months, and it’s off a brutal 46%. Yet zoom out further, and the longer-term story is still impressive, with shares up 106% over the past year.

So what’s behind today’s surge?

Sentiment shift

There’s no single headline driving the move. No major contract win. No fresh earnings upgrade. Instead, this looks like a classic sentiment shift and a reminder of just how quickly momentum can turn in high-growth ASX stocks.

Start with the broader market. Risk appetite has improved, and that tends to flow straight into more speculative, high-beta stocks like IperionX. When confidence returns, these ASX stocks are often the first to bounce and they don’t move quietly. That’s exactly what we’re seeing today.

Brokers see upside ahead

Then there’s the setup. After weeks of selling pressure, IperionX had been trading at heavily discounted levels. The recent pullback had taken some of the heat out of the ASX stock, resetting expectations and clearing out weaker hands.

Now, with no new negative news weighing on sentiment, buyers are stepping back in. And when they do, the moves can be sharp.

Trading View data show that all four analysts that follow the ASX stock rate it as a strong buy. They have set the average 12-month price target of $7.77, which suggests a 60% upside at current levels.

Powerful long-term themes

But there’s also a bigger story underpinning the rebound. IperionX sits at the centre of several powerful long-term themes. The company is focused on titanium production and supply chains, positioning itself as a key player in critical minerals.

That puts it firmly in the conversation around defence demand, advanced manufacturing, and the push to secure domestic supply chains, particularly in the US.

That narrative hasn’t changed. If anything, it continues to strengthen as governments and industries prioritise supply chain resilience and strategic materials. So when sentiment improves, investors are quick to revisit ASX stocks like IperionX that offer exposure to those themes.

Of course, it’s not without risk. This is still a volatile, early-stage growth story. Price swings can be dramatic, and moves like today’s can just as easily reverse if sentiment turns again. The company’s long-term success depends on execution, scaling production, and turning potential into consistent revenue.

The Foolish bottom line?

Today’s rally looks less like a fundamental shift and more like a sentiment-driven rebound after a heavy sell-off of the ASX stock.

But it also highlights something important. IperionX remains a high-conviction story for many investors. And when confidence returns, even briefly, the share price can move fast.

The question now is whether this is the start of a sustained recovery or just another bounce in a volatile ride.

The post Why is this temperamental ASX stock surging 11% today? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• These were the worst-performing ASX 200 shares in March
• Here are the top 10 ASX 200 shares today
• Why the IperionX share price just crashed 22% today

Motley Fool contributor Marc Van Dinther 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.

When it comes to buying ASX dividend shares, there is a huge range for Australian investors to choose from. 

ASX dividend shares are a great way to earn a reliable passive income, but the tricky part is working out which ones are best suited for your risk profile.

Here are two of my favourite high-yield ASX dividend shares, and both pay around 7%.

Dexus Industria REIT (ASX: DXI)

Dexus Industria REIT is a listed investment trust (LIT) that holds a diversified portfolio of over 90 workplace-focused properties. These include established industrial properties, technology parks, and business park assets located across Sydney, Melbourne, Brisbane, Perth, and Adelaide. 

Its $1.6 billion portfolio is managed internally by Dexus and is one of the Dexus group’s three ASX-listed entities.

Its portfolio of assets and investment plan enable it to provide resilient growth, income, and long-term risk-adjusted returns to investors. It benefits from a diversified tenant base, high occupancy, and stable rental income. 

The ASX dividend company has paid a quarterly unfranked or partially franked dividend since 2017. Its investors will be paid an unfranked quarterly dividend of 4.1 cents in May.

Dexus Industria REIT is forecast to pay dividends per share of 16.6 cents in FY26, which implies a forward yield of 7% at the time of writing. And then 16.8 cents in FY27. 

Betashares Dividend Harvester Active ETF (ASX: HVST)

Betashares HVST is another option for investors looking for an ASX dividend share yielding around 7%. The bonus of this ASX ETF is that it pays its investors monthly dividends, rather than quarterly or even annually.

The fund invests in 40 to 60 dividend-paying companies selected from the top 100 largest companies listed on the ASX. It selects these companies based on their dividend forecasts, franking credits, and expected future gross dividend payments.

Not only does Betashares HVST pay its investors on a monthly basis, it boasts that its annual dividend yield is around double that of the broader ASX.

As of the 31st of March this year, the HVST ETF pays a 12-month gross distribution (dividend) yield of 7.6%, and a net yield of 5.9%. Its franking level is 63.9%, and it has an annual management fee of 0.72%.

Its most recent dividend payment was in mid-March when it paid out 6 cents per share to investors. The fund also paid out $0.06 per share to investors in late February and in January. Another $0.06 per share is due to be paid to investors next week.

The post 2 ASX dividend shares yielding 7% or more appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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.

Lifestyle Communities Ltd (ASX: LIC) shares are slipping again on Tuesday after the retirement living developer released its latest quarterly update.

The stock is down 0.65% to $4.59 in afternoon trade, leaving it nursing a brutal 40% decline over the past 12 months.

This comes as investors continue reassessing the Victorian housing and downsizing market backdrop.

That is keeping the shares near the bottom of their 12-month range.

Here’s what the latest numbers showed.

Sales momentum eased after a stronger prior quarter

The March quarter update showed net sales from new homes of 43, down from 60 in the December quarter.

Established home net sales also eased to 38 from 56 in the prior quarter.

Even so, the year-on-year comparison still improved, with new home net sales up from 25 in the prior corresponding period and established sales rising from 24.

Management said broader economic uncertainty is weighing on consumer confidence, with prospective customers taking longer to make decisions while managing the sale of their existing homes.

The attended appointment conversion rate also fell to 22% from 29% in the December quarter, showing buyers are still moving cautiously through the sales process.

Debt and inventory continue to improve

While sales softened from the prior quarter, the balance sheet continued to improve.

Net debt was reduced again to $296.4 million as at 31 March, down from $323.6 million at 31 December and well below $460.5 million at the June 2025 year end.

Inventory also kept trending lower.

The company ended March with 148 unsold completed homes, down from 257 a year earlier, alongside 10 unsold homes currently under construction.

The reduction in completed inventory has remained a key focus for investors since sentiment around the group weakened last year.

Management also reported improved homeowner satisfaction scores and continued uptake of upfront management fee payments, which is supporting cash flow.

Settlement timing is still the main watchpoint

Debt and inventory are improving, but settlement timing remains the main focus.

The company has 203 contracts on hand, but only 74 are expected to settle in FY26, with the remainder weighted into FY27 and beyond.

That timing gap means the improvement in the balance sheet may take longer to show up in earnings.

Foolish takeaway

This quarter’s sales numbers were softer than investors would have hoped.

Debt continues to fall, inventory is moving lower, and the contract pipeline remains solid. The key question now is whether better Victorian housing conditions help more contracts settle through FY27.

The post Why this beaten-down ASX stock still can’t catch a break appeared first on The Motley Fool Australia.

More reading

• Is now the time to jump on these ASX real estate stocks?
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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 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.

Markets don’t move in straight lines. There are periods of strong growth, sudden pullbacks, and stretches where nothing seems to happen at all.

Trying to predict each phase is difficult, which is why building a resilient ASX share portfolio can be one of the smartest moves an investor can make.

The goal is not to avoid volatility completely. It is to create a portfolio that can withstand it and still deliver strong long-term results.

Start with a strong core

Every resilient portfolio begins with a foundation of high-quality businesses.

These are companies with strong balance sheets, consistent earnings, and competitive advantages. They tend to perform more reliably across different market conditions and can act as anchors when volatility increases.

Think of these as the backbone of your portfolio. They may not always be the fastest growers, but they provide stability and long-term compounding.

If you are not sure which ASX shares to buy, you could look at quality-focused exchange traded funds (ETFs) like the Betashares Australian Quality ETF (ASX: AQLT) or the VanEck Morningstar Wide Moat ETF (ASX: MOAT)

Diversify across sectors and styles

One of the simplest ways to reduce risk is diversification.

This means spreading your investments across different industries, such as healthcare, technology, consumer goods, and infrastructure. It also means balancing different styles, including growth, income, and defensive shares.

By doing this, you avoid relying too heavily on any single theme. If one part of the market struggles, others can help offset the impact.

Include growth for the long term

While stability is important, growth is what drives wealth creation.

Including companies with strong long-term growth potential ensures your portfolio continues to expand over time. These might be technology companies, global leaders, or businesses benefiting from major structural trends.

Growth shares can be more volatile, but over the long run, they often deliver the strongest returns.

Don’t ignore income

Income can play an important role in resilience.

Dividend-paying shares provide cash flow that can be reinvested or used during downturns. This can help smooth overall returns and reduce the need to sell investments at unfavourable times.

In Australia, fully franked dividends can also enhance after-tax returns, making income-focused shares particularly attractive.

Keep some flexibility

A resilient portfolio is not completely rigid.

Having some flexibility, whether through cash or highly liquid investments, allows you to take advantage of opportunities when they arise. Market dips can present chances to buy quality assets at lower prices.

Without this flexibility, it can be harder to act when opportunities appear.

Stay consistent with ASX shares

Perhaps the most important factor is consistency. Even the best ASX share portfolio will experience periods of underperformance. What matters is sticking to your strategy and avoiding emotional decisions.

By maintaining a long-term perspective and regularly reviewing your holdings, you can ensure your portfolio continues to align with your goals.

In the end, resilience is not about eliminating risk. It is about being prepared for it.

And a well-constructed ASX portfolio can give you the confidence to stay invested, no matter what the market throws your way.

The post How to build a resilient ASX portfolio that can handle any market appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in VanEck Morningstar Wide Moat ETF. 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 VanEck Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Rio Tinto Ltd (ASX: RIO) shares are back in focus on Tuesday after climbing to a new all-time high at market open.

The mining giant’s shares are currently up 1.8% to $175.16, after briefly touching $175.82 earlier in the session. By comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.6% higher to 8,977 points.

That gain leaves the stock up about 20% in 2026 and more than 58% over the past 12 months, among the sector’s strongest runs.

With the shares now sitting at the top of their 52-week range, the market appears to be backing stronger commodity prices and a broader earnings base.

Here’s what could be driving the latest move.

Copper strength is adding a new growth layer

A big part of the recent optimism appears tied to copper.

While Rio Tinto remains best known for its Pilbara iron ore operations, copper has become a much larger contributor to earnings over the past year.

At its full-year 2025 results, the miner revealed that copper earnings had doubled and were contributing close to 30% of group profits. The increase was driven by stronger prices and increased production at Oyu Tolgoi.

Copper also remains a long-term market favourite, with electrification, data centres, grid investment, and EV demand continuing to support sentiment.

Investors may also be increasingly viewing Rio Tinto as more than an iron ore business, with its broader commodity mix adding to the growth outlook.

Iron ore is still doing the heavy lifting

Even with copper growing quickly, iron ore remains the key earnings engine.

Prices around the US$100 per tonne mark have stayed firmer than many analysts expected heading into 2026. That is helping support cash generation from Rio’s low-cost Pilbara operations.

The strong cash flow continues to support dividends, expansion plans, and the balance sheet.

The market is also watching Simandou in Guinea closely, with the project remaining one of the world’s most significant long-term iron ore developments.

Foolish Takeaway

I still think Rio Tinto remains one of the highest-quality large-cap miners on the ASX. The latest record high reflects growing confidence in its earnings base from investors.

Iron ore is still driving strong cash flow and dividends. Copper is also giving the business a stronger long-term growth angle tied to electrification and grid demand.

After a 20% gain this year and another record high, the easy re-rating may already be behind it. From here, I would expect gains to be steadier and more closely tied to commodity prices and project execution.

The post Why Rio Tinto shares just hit a new record high on Tuesday appeared first on The Motley Fool Australia.

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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 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.

It has been a tough period for ASX growth shares, particularly in the software space.

A big part of that has been the market’s growing focus on artificial intelligence (AI). Investors are trying to work out which businesses will benefit, which may be disrupted, and how quickly those changes could play out.

That uncertainty has weighed heavily on sentiment.

In many cases, it has led to sharp valuation resets, with several software-focused companies now down more than 50% from their 52-week highs.

Here are three that I think are worth revisiting.

Life360 Inc. (ASX: 360)

Life360 has seen a significant pullback and is down 66% from its high. This is despite continuing to expand its platform.

The company operates a location-based app that focuses on safety and connectivity for families. Over time, it has been shifting toward a subscription model, which can create more predictable revenue.

What stands out to me is how the AI narrative has affected sentiment. While Life360 is not a traditional enterprise software company, it still sits within the broader tech ecosystem. As investors reassess which digital platforms will benefit from AI and which could face pressure, companies like Life360 have been caught in that shift.

At the same time, the business continues to grow its user base and monetisation.

If it can keep executing on that transition to subscriptions and building its moat, I think there is a case that the share price weakness has created a compelling buying opportunity.

Xero Ltd (ASX: XRO)

Xero has been one of the more obvious examples of this trend. As a cloud-based accounting software provider, it sits directly in the line of fire when it comes to AI disruption concerns.

Investors are asking valid questions. Could AI automate parts of the accounting process? Could it reduce the need for traditional software platforms? And how will companies like Xero adapt?

Those questions have contributed to the de-rating. But I think it is also important to consider the other side.

Xero is deeply embedded in the operations of small and medium-sized businesses. It is not just a tool, it is part of how those businesses run day to day.

That creates switching costs and supports recurring revenue.

Over time, I think the more likely outcome is that AI becomes an enhancement rather than a replacement, but that is something the market is still trying to price in.

WiseTech Global Ltd (ASX: WTC)

WiseTech has also been caught up in the same shift. The company develops logistics software that is used across global supply chains, and like Xero, it has a deeply embedded product.

But again, AI disruption fears have weighed on sentiment. Investors are questioning how emerging technologies might change the competitive landscape, particularly in software-heavy businesses. That has contributed to a significant pullback in the share price.

At the same time, the underlying need for logistics software has not changed. Global trade remains complex, and managing supply chains requires increasingly sophisticated systems.

For me, that suggests the long-term demand is still there, even if the market is reassessing how that demand will be met.

Foolish takeaway

The selloff in software shares this year has not happened in a vacuum. AI disruption fears have played a major role, leading investors to reassess valuations across the sector.

That has created sharp declines in companies like Life360, Xero, and WiseTech.

The key question now is whether those concerns are overstated or justified. If these businesses can adapt and incorporate new technologies into their platforms, the current weakness could prove to be an incredible opportunity.

The post Have these top ASX shares been sold off too far? appeared first on The Motley Fool Australia.

More reading

• Why Boss Energy, Macquarie, Nova Minerals, and WiseTech shares are storming higher today
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• Why are Life360 shares sliding to fresh lows today?

Motley Fool contributor Grace Alvino 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 Life360, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Life360, WiseTech Global, and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX stock Cleanaway Waste Management Ltd (ASX: CWY) is under pressure on Tuesday. The waste management giant dropped after warning investors of a hit to earnings, sending the stock closer to its 52-week low.

During afternoon trade, the share price fell by 2.2% to $2.28, just a fraction above the 52-week low of $2.23 recorded at the end of March.

So, what’s behind the sell-off?

A $20 million hit

It comes down to costs and geopolitics. The ASX stock revealed it expects a $20 million EBIT hit, driven by the ongoing conflict in the Middle East and elevated fuel, supplier, and logistics costs.

That has forced management to trim its FY26 earnings guidance, now forecasting EBIT between $460 million and $480 million, down from the previous $480 million to $500 million range.

That downgrade was enough to rattle investors.

Fuel levies, indexed picing

But the situation isn’t as straightforward as it first appears. While costs are rising, Cleanaway isn’t simply absorbing the hit. The company has built-in protections through contractual cost pass-through mechanisms, allowing the ASX stock to recover a significant portion of higher fuel expenses over time. Many of its customer agreements include fuel levies or indexed pricing, which adjust as input costs change.

There’s just a catch — timing. Most of these pricing adjustments don’t flow through immediately. Cleanaway expects the bulk of contract repricing to take effect by 1 July 2026, meaning there’s a lag between when costs rise and when they are recovered.

That’s why the current hit is being framed as largely temporary rather than structural.

No fuel supply issues

Importantly, the company also confirmed there are no fuel supply issues across its operations, despite the volatile global backdrop. It continues to benefit from a long-term strategic partnership with a major fuel supplier, helping secure access to competitively priced fuel during this period of disruption.

Still, uncertainty remains. The Middle East conflict isn’t just pushing up costs. It’s also weighing on activity levels in that region. Lower project activity has contributed to the earnings impact and could remain a headwind if conditions don’t stabilise.

Looking ahead, management of the ASX stock is focused on navigating the volatility. That includes tightening operational efficiency, optimising its fleet, and leveraging procurement strategies to manage costs more effectively.

The expectation is that as fuel markets settle and contracts reset, margins should recover.

What next for the ASX stock?

For now, the market is focused on the near-term hit.

And that’s been reflected in the share price performance. Over the past 12 months, Cleanaway shares are down almost 13%, lagging the S&P/ASX 200 Index (ASX: XJO), which has risen around 15% over the same period.

Cleanaway’s earnings downgrade has spooked investors, pushing the ASX stock lower. But much of the pressure appears tied to timing and external factors rather than a breakdown in the business model.

If cost recovery flows through as expected, this could prove to be a short-term setback rather than a long-term shift. For now, though, the market isn’t waiting around to find out.

The post Why is this $5 billion ASX stock sliding to a 52-week low today? appeared first on The Motley Fool Australia.

More reading

• Why Westpac, Cleanaway and Qantas shares are catching ASX investor interest on Tuesday
• Cleanaway Waste Management trims FY26 outlook on fuel challenges
• 6 ASX All Ords shares at 52-week lows: Experts say buy

Motley Fool contributor Marc Van Dinther 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.

The S&P/ASX 200 Index (ASX: XJO) has climbed 5.5% higher over the past month, regaining some of the losses shed after the index tumbled over 9% in early March. Here are three ASX 200 shares that have helped drive the index higher over the past month, and they’re all tipped to keep climbing.

Goodman Group (ASX: GMG)

Goodman shares are trading 2.7% higher at $28.32 at the time of writing on Tuesday afternoon. After tumbling over 19% between mid-February and late-March, the shares have recovered 10.8% of their value over the past two weeks. The shares are still 8.2% lower for the year to date, but they’re 0.7% above this time last year.

Goodman shares faced headwinds amid concerns about Australia’s interest rate direction, high borrowing costs, and overall investor uncertainty. 

There is also broad weakness across the property sector, and the slump in investor confidence has flowed through to the company’s latest earnings results. 

But it doesn’t look like the downturn is here to stay.

Brokers rate the ASX 200 shares as a strong buy and tip an average target price of $35.34 over the next 12 months. At the time of writing, that implies a potential 35.51% upside. 

AMP Ltd (ASX: AMP)

AMP shares are up 0.36% at the time of writing on Tuesday, to $1.40 a piece. The latest uptick means the shares are now 14.4% higher over the past month and 27% higher than just one year ago. 

AMP shares crashed over 26% off the back of a disappointing financial results announcement in February. Meanwhile, ongoing geopolitical tensions and concerns that surging oil prices will push Australia’s inflation data higher have weighed heavily on financial stocks like AMP over the past month.

But since bottoming close to a 52-week low in mid-March, they’ve finally started rebounding. AMP recently confirmed it will undertake an on-market buyback of up to $150 million of ordinary shares, and Blair Vernon has officially stepped into the CEO role. Sentiment could well follow suit.

Brokers have a strong buy rating on the ASX 200 shares and tip a potential 36.19% upside to $1.75 per share, at the time of writing.

Bellevue Gold Ltd (ASX: BGL)

Bellevue Gold shares are also down slightly today, by 0.75% to $1.72 per share. Many ASX gold stocks crashed in mid-March thanks to a sizable retreat in gold prices, and Bellevue wasn’t immune. 

After dropping to a four-month low in late March, the shares have climbed 37.7% higher at the time of writing. But the gold miner’s shares are also up an enormous 91.3% from just one year ago.

Brokers seem to think they can keep climbing higher, too. They have a strong buy rating on the ASX 200 shares and tip a 35.3% upside to $2.07 per share over the next 12 months.

The post 3 ASX 200 shares tipped to climb another 35% appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.