Category: Stock Market

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.

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More reading

• How have ASX 200 mining shares fared over June?
• Which ASX 200 mining share offers the best dividend yield for FY22?
• How does the Fortescue dividend compare with its peers over the last 5 years?
• Is the Fortescue share price really the cheapest ASX 200 materials share on the market?
• Guess which sector is delivering the biggest gain across the ASX 200 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 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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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.

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More reading

• Top brokers name 3 ASX shares to buy today
• 2 excellent ASX dividend shares that experts rate as buys this week
• Why brokers think Accent shares are a ‘shoe-in’ for ASX investors
• Top ASX dividend shares to buy in June 2022
• Top analyst says Accent share price has almost 70% upside

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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The Electro Optic Systems Holdings Ltd (ASX: EOS) share price is trading deep in the red today.

At the time of writing, Electro Optic shares are trading 10% lower at $1.02 apiece. Earlier they sank as low as 99 cents — a new 52-week low for the company.

In broad market moves, the S&P/ASX 200 Industrials Index (ASX: XNJ) is down 0.33% on the day.

What’s up with the Electro Optic share price?

The Electro Optic share price is tracking south again today, continuing a longer-term downtrend that started on 23 March.

Since then investors have pushed the stock from a high of $3.28. However, the most recent slip downward occurred in lockstep with an institutional placement the company completed yesterday.

The defence contractor advised it has received commitments from institutional investors to raise $15 million.

As TMF reported yesterday, the placement price of $1.20 “represents a 22.1% discount to Electro Optic Systems’ last closing price on 27 June”.

The company also told investors that several factors have impacted its H1 FY22 revenue. However, it still expected FY22 revenue to “be equal to or exceed FY21”.

1H FY22 revenue has been impacted beyond typical seasonal factors due to two contract delays and the federal election in May impacting new projects, resulting in expected 1H FY22 EBIT loss of approximately A$45 million (unaudited) (A$15 million of this loss relating to SpaceLink).

Finally, Electro also noted yesterday that “recent volatility in capital markets” had lengthened the time of its ongoing strategic review.

Investors weren’t impressed with the news yesterday, sending the Electro Optic share price crashing 26%, and selling pressure has rolled over into today’s session.

They are so unimpressed that selling has occurred on a volume of 3.4 million shares today – around six times more than the four-week average.

In the last 12 months, the Electro Optic share price has sunk more than 76% into the red. It is also down by 57% this year to date.

The post Why is the Electro Optic Systems share price hitting a new 52-week low? appeared first on The Motley Fool Australia.

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More reading

• Here’s why the Electro Optic Systems share price collapsed 26% today
• Why Carsales, EOS, Imugene, and Tyro shares are sinking today
• Why is the Electro Optic Systems share price frozen today?

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 positions in and has recommended Electro Optic Systems Holdings Limited. The Motley Fool Australia has recommended Electro Optic Systems Holdings 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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Rising inflation has been the talk of the town in 2022 and S&P/ASX 200 Index (ASX: XJO) shares aren’t immune from its bite.

In fact, many ASX 200 technology shares have been hit hard by the shifting landscape. The S&P/ASX 200 Information Technology Index (ASX: XIJ), for example, has plunged nearly 38% year to date.

So, which ASX 200 shares can investors trust to grow their hard-earned money in 2022?

Head of Australian equities at T. Rowe Price, Randal Jenneke has flagged two stocks he believes have plenty of pricing power and could act as inflation hedges.

2 ASX 200 shares to buy in times of inflation

There are two likely ways Australia’s current inflationary environment could shift, according to Jenneke.

The first – and most unlikely direction – is towards 1970s-style “stagflation”. The more likely happening? Inflation continuing to rise through 2022. 

“The challenge of rising costs, whether labour or other inputs, will likely persist and contribute to higher headline inflation over the rest of the year,” Jenneke said.

“[W]e will likely see investor focus shift more from top line revenue growth to margin sustainability and their volatility. We have already seen the valuation gap between high margin and high growth narrow.”

And companies with strong pricing power are the most prepared to manage through such a period.

“To pass on costs effectively to buyers requires a good industry structure, differentiated products, and defensive volumes,” Jenneke said.

Resmed CDI (ASX: RMD)

Fortunately, ASX 200 healthcare share Resmed has just that. Jenneke said:

Resmed â€¦ has a large under-penetrated market, and despite various input and logistics cost pressures, has been able to pass through price increases given their dominant market share and current lack of reputable competition.

The Resmed share price is currently $30.91, 14.5% lower than it was at the start of 2022.

Transurban Group (ASX: TCL)

ASX 200 infrastructure share Transurban is also set up to battle inflation, according to Jenneke, who said:

Transurban â€¦ has built-in price increases for its contracts.

The nature of its cost structure brings high [earnings before interest and tax (EBIT)] margins and margin stability. Anecdotally, you know the cost of tolls are rising when every second taxi driver makes a point or two about it.

The Transurban share price is $14.45 right now, having gained 3.6% year to date.

Finally, the expert noted, “while these are two [shares] we like, we should stress our views are supported by our fundamental insights, rather than the broader economic climate.”

The post 2 ASX 200 shares with enough pricing power to battle inflation: Expert appeared first on The Motley Fool Australia.

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More reading

• Broker rates these 2 top ASX 200 shares as buys in July
• Why is the Transurban share price languishing today?
• Hoping to bag the next Transurban dividend? Read this
• Brokers name 2 ASX dividend shares to buy next week
• Why Goldman Sachs sees 13% upside for the ResMed share price

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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 Materials Index (ASX: XMJ) is descending 1.32% today, but two ASX mining shares are outperforming the index.

Mont Royal Resources shares are surging more than 15% at the time of writing.

For perspective, the S&P/ASX 200 Index (ASX: XJO) is also 0.91% in the red today.

So which two mining companies are bucking this trend on the back of drilling results?

Mont Royal Resources Ltd (ASX: MRZ)

The company is exploring nickel and copper at the Wapatik project in Quebec, Canada. In today’s news, Mount Royal reported “massive” nickel and copper sulfide mineralisation at the company’s maiden 1,000 metre diamond drilling expedition. At drill hole WAP22-003, the company found 2.68% nickel, 1.3% copper and 0.09% cobalt. This spanned 3.3 metres from 143.4 to 146.7 metres.

The next stage of drilling is now underway. Mont Royal will update shareholders on these results in the future. Commenting on the news, executive director Peter Ruse said:

The discovery of this massive sulphide mineralisation is a major step in advancing our exploration plans at the Project.

MetalsTech (ASX: MTC)

The MetalsTech share price is soaring a mammoth 23% today. MetalsTech is exploring the Sturec gold mine in Slovakia. The company also has a lithium project in Quebec. MetalsTech discovered visible gold at 130.8m in site UGA-41. Grains of up to 0.2mm of gold were discovered within a 5cm vein filled with “fine grained, white to grey chalcedonic quartz-pyrite”.

Assay results will be reported to the market in the future. MetalsTech said:

The company looks forward to providing an update on UGA-41 in the next few weeks as the core is currently being sampled and will be dispatched to the lab as soon as possible

The post Guess which 2 ASX mining shares are soaring more than 15% on new discoveries today? appeared first on The Motley Fool Australia.

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More reading

• Why BWX, Sayona Mining, Tyro, and Woodside shares are sinking
• How did ASX energy shares perform in June?
• Experts say these ASX 200 growth shares are buys with 20%+ upside
• Can investors bank on the NAB share price in July?
• Why Argosy Minerals, Cann, OZ Minerals, and PointsBet shares are pushing higher

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 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 out of form again on Thursday. In afternoon trade, the benchmark index is down 0.75% to 6,650.1 points.

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

BWX Ltd (ASX: BWX)

The BWX share price is down a further 2% to 65 cents. Investors have been selling down this personal care products company’s shares this week following a disastrous trading update and heavily discount capital raising. In respect to the former, the Sukin owner downgraded its earnings guidance materially for FY 2022 due to challenging retail conditions. That’s despite its most recent guidance update being made last month.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is down 6% to 15 cents. This decline appears to have been driven by the broad market weakness. Higher risk shares have been hit hardest, with a number of lithium shares falling heavily today. This latest decline means the Sayona Mining share price is now down 33% since this time last month.

Tyro Payments Ltd (ASX: TYR)

The Tyro share price has continued its slide and dropped a further 5% to a new record low of 61.5 cents. Investors have been selling this payments company’s shares this week after it announced the surprise exit of its managing director and CEO, Robbie Cooke. In response to the news, this morning analysts at Macquarie downgraded Tyro’s shares to a neutral rating.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is down over 2.5% to $31.95. Woodside and other energy shares have come under pressure on Thursday. This follows a pullback in oil prices overnight amid concerns that a recession could lead to softening demand. The S&P/ASX 200 Energy index is down 1.9% this afternoon.

The post Why BWX, Sayona Mining, Tyro, and Woodside shares are sinking appeared first on The Motley Fool Australia.

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More reading

• How did ASX energy shares perform in June?
• Why is the Woodside share price sliding today?
• ASX 200 midday update: Energy shares drop, PointsBet jumps
• Why have ASX lithium shares had such a lousy month in June?
• 5 things to watch on the ASX 200 on Thursday

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 Tyro Payments. The Motley Fool Australia has recommended BWX Limited 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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June brought a mixed performance for ASX energy shares. Some of the market’s biggest energy producers posted notable gains while others suffered.

Here’s how some of the market’s most renowned energy stocks have performed this month:

• Woodside Energy Group Ltd (ASX: WDS) – up 7.3%
• Santos Ltd (ASX: STO) – down 8.6%
• Beach Energy Ltd (ASX: BPT) – up 0.3%
• Worley Ltd (ASX: WOR) – down 1.7%
• Viva Energy Group Ltd (ASX: VEA) – up 2.1%
• Whitehaven Coal Ltd (ASX: WHC) – down 7.7%

Perhaps unsurprisingly, the S&P/ASX 200 Energy Index (ASX: XEJ) has traded relatively flat this month, gaining just 0.5%. For context, the S&P/ASX 200 Index (ASX: XJO) has slumped nearly 8%.

Let’s take a look at what moved ASX energy shares in June.

Energy was the talk of the town…

ASX energy shares have put out a mixed performance this month amid fluctuating oil prices, the falling value of coal, and an energy crisis.

After closing May at US$115.60 a barrel, Brent crude oil futures are currently slipping lower to US$116.01. It’s been a similar story for West Texas Intermediate oil price futures, which moved from US$111.91 per barrel to reach US$110.20 a barrel today.

Trading Economics notes oil prices are on a trajectory to record their first monthly declines since November despite recent supply concerns.

Meanwhile, the price of coal has tumbled around 11% this month to reach US$380 a tonne.

But the biggest news of the sector this month was arguably the energy crisis that took hold across Australia.

The Australian Energy Market Operator (NEMO) suspended the National Energy Market (NEM) wholesale market in mid-June in an effort to dodge rolling blackouts.

NEMO CEO Daniel Westerman said price caps, unplanned outages at power plants, and coal and gas supply chain disruptions had driven generators to remove capacity from the market.

The market was returned to normal operation last week.

What else drove ASX energy shares this month?

Energy commodities and shortages had plenty talking this month. Interestingly, however, there wasn’t much news from ASX energy giants.

Of course, Woodside completed its massive merger with BHP Group Ltd (ASX: BHP)’s petroleum assets early in the peace. Additionally, the company’s $17 billion Scarborough Project faced court action last week.

The post How did ASX energy shares perform in June? appeared first on The Motley Fool Australia.

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More reading

• How have ASX 200 mining shares fared over June?
• Why is the Woodside share price sliding today?
• These 3 ASX gold mining shares are digging new 52-week lows today
• ASX 200 midday update: Energy shares drop, PointsBet jumps
• Can the Beach Energy share price hit $1.95?

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 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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Are you interested in adding some more ASX shares to your portfolio?

Two ASX 200 growth shares that could be worth considering are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX 200 growth share to look at is Altium. It is an industry-leading printed circuit board (PCB) design provider. PCBs are the intricate and integral boards you find inside electronic devices.

Thanks to the company’s leadership position in a market benefiting from the internet of things (IoT) and artificial intelligence trends and its shift to a software-as-a-service (SaaS) focus, Altium believes it can grow materially in the coming years.

So much so, the company has set itself the bold growth target of more than doubling its revenue to US$500 million by 2026.

Bell Potter appears optimistic that Altium can deliver on its targets. As such, it has put a buy rating and $34.00 price target on its shares. Based on the current Altium share price of $27.26, this implies potential upside of 25% for investors.

TechnologyOne Ltd (ASX: TNE)

Another ASX 200 growth share that could be in the buy zone right now is enterprise software provider TechnologyOne.

It is currently following Altium’s lead by transitioning to become a SaaS focused business. And like Altium, this transition is going very well.

Pleasingly, management expects this trend to continue. So much so, it is aiming to almost double its annual recurring revenue (ARR) to $500 million by FY 2026.

The team at Goldman Sachs is very positive on Technology One and has been pleased with its SaaS transition. The broker currently has a buy rating and $13.30 price target on its shares. Based on the current TechnologyOne share price of $10.86, this suggests potential upside of 22% for investors.

The post Experts say these ASX 200 growth shares are buys with 20%+ upside appeared first on The Motley Fool Australia.

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More reading

• Why is the Altium share price down 5% today?
• Why are ASX tech shares struggling today?
• 2 beaten down ASX shares named as buys by experts
• Analysts name 2 excellent ASX shares to buy and hold
• Could Altium shares benefit from the global chip shortage?

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 Altium. The Motley Fool Australia has recommended TechnologyOne 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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The National Australia Bank Ltd (ASX: NAB) share price has suffered in June. At the time of writing, the big four ASX bank has dropped 11% in the month. But, it has actually risen by more than 6% since 20 June – so does this mean the clouds are lifting?

As one of the biggest banks in Australia – along with Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group Ltd (ASX: ANZ)) and Commonwealth Bank of Australia (ASX: CBA) – changes in interest rates can have a big effect on NAB’s profitability.

The Reserve Bank of Australia (RBA) recently decided to increase the interest rate by 50 basis points, or 0.5%.

With banks passing on the interest rate rises in full, does this mean the NAB share price is more attractive?

Broker views on NAB

The broker Ord Minnett thinks NAB shares are worth buying at the moment, with a price target of $30.50. That’s a potential rise of around 10% on the current price of $27.68. But it would only see the NAB share price return back to where it was in the first week of June.

For Ord Minnett, NAB is the best bank to choose in the sector, partly because it has been achieving the best underlying performance compared to the other big four ASX banks and the broker thinks NAB can keep this up.

Ord Minnett thinks NAB can continue to grow its earnings and dividend. On Ord Minnett’s numbers, the NAB share price is valued at 11x FY23’s estimated earnings. The projected grossed-up dividend yield is 8.5%.

However, other brokers are less optimistic about what’s going to happen next for the NAB share price and the wider banking sector.

For example, Morgan Stanley notes that while higher rates could help the banks’ net interest margin (NIM), it could hurt growth, increase the risk of recession and possibly lead to higher arrears and losses for loans.

But, even the higher interest rates won’t totally add to the NAB margin. Competition continues in the sector, while NAB will have to pay more for its funding for the loans, such as customer deposits with a higher interest rate for the savings accounts.

Morgan Stanley has lower estimates than Ord Minnett for NAB. The broker puts the NAB share price at 12x FY23’s estimated earnings with a projected grossed-up dividend yield of 7.9%.

The market has priced in a high chance that the RBA will increase interest rates by 50 basis points again next week for the July meeting. Investors and borrowers will have to see what NAB does with its loan rates and what this may mean for the NAB NIM.

House prices are falling

According to reporting by The Guardian, the CBA chief economist Gareth Aird believes the RBA will increase the interest rate by 50 basis points.

Aird also expects CoreLogic data (which is released on Friday) will show that “national home prices fell by about 0.9% in June. Sydney, our biggest market, is forecast to be down 1.5% over the month”.

NAB share price snapshot

Since the start of 2022, NAB shares have fallen 6%. However, they are up by more than 5% over the past 12 months.

At the time of writing, the NAB share price is down 1.41% on the day to $27.68.

The post Can investors bank on the NAB share price in July? appeared first on The Motley Fool Australia.

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• Volt gets packing as ASX 200 bank shares prove to be a formidable force
• In the green: Why the NAB share price is rising on Wednesday
• Leading brokers name 3 ASX shares to buy today
• CBA share price leads the big four as banks outperform ASX 200 on Monday
• Broker tips NAB share price to rise 24% from here

Motley Fool contributor Tristan Harrison 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 Westpac Banking Corporation. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decline. At the time of writing, the benchmark index is down 0.9% to 6,639.3 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are pushing higher:

Argosy Minerals Limited (ASX: AGY)

The Argosy Minerals share price is up almost 7% to 35.2 cents. This morning the lithium developer revealed that the development of its Rincon project in Argentine is both on time and on budget. Argosy expects to be producing the white metal within the next three months.

Cann Group Ltd (ASX: CAN)

The Cann share price is up a massive 26% to 29 cents. Investors have been buying this cannabis company’s shares after it announced the receipt of a GMP licence for its Mildura facility. This allows Cann to produce active pharmaceutical ingredients and hard capsules and conduct GMP-approved activities at its existing chemistry and microbiology laboratories.

OZ Minerals Limited (ASX: OZL)

The OZ Minerals share price is up 1.5% to $18.00. This gain appears to have been driven by a positive broker note out of UBS. Although the broker has downgraded its earnings estimates to reflect OZ Minerals’ recent update, it still sees plenty of value in its shares. As a result, the broker has upgraded the copper producer’s shares to a buy rating with a $23.65 price target.

Pointsbet Holdings Ltd (ASX: PBH)

The PointsBet share price is up 13% to $2.73. This is despite there being no news out of the sports betting company. However, PointsBet shares have been on a bit of a roll recently. This follows news that SIG Sports Investment Corp became its largest shareholder earlier this month via a $94.16 million investment. This has eased concerns that a capital raising will be required in the near future.

The post Why Argosy Minerals, Cann, OZ Minerals, and PointsBet shares are pushing higher appeared first on The Motley Fool Australia.

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More reading

• Why is the PointsBet share price storming 13% higher today?
• Why is the Cann share price smoking out the ASX by 20% today
• ASX 200 midday update: Energy shares drop, PointsBet jumps
• Argosy Minerals share price jumps 10% on lithium update
• What’s behind the weakness in ASX 200 mining shares during June?

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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. 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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