Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) is off to a cracking start to the trading week so far this Monday. At the time of writing, the ASX 200 has galloped ahead, rising by 1.92% to just over 6,700 points.

But let’s delve a little deeper into these ASX gains and have a look at the ASX 200 shares that are currently at the peak of the share market’s volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Lake Resources N.L. (ASX: LKE)

First up today, we have an ASX 200 resources share in Lake Resources. So far this Monday, a whopping 36.77 million Lake Resources shares have been bought and sold.

In some good news, this volume seems to be a byproduct of the huge rally we are seeing in lithium stocks over today’s session. Like many of its peers today, Lake Resources shares are on fire. In this case, the company has put on a pleasing 6.52% at the time of writing, trading at 85.75 cents a share.

Evolution Mining Ltd (ASX: EVN)

Our next ASX 200 share to check out today is the gold miner Evolution Mining. So far today, a sizeable 36.98 million Evolution shares have been shared around the ASX. Unfortunately for investors, it’s been some terrible news that has elicited this high volume.

As we covered this morning, the miner updated its FY2022 guidance. It reported that it expects its full-year production to fall 6% year-on-year, while costs are set to rise. This has led to a brutal share price reaction, with Evolution shares falling by almost 22% today. No wonder so many shares have been traded.

Imugene Limited (ASX: IMU)

Finally, we have ASX 200 healthcare share Imugene. A massive 85.59 million Imugene shares have changed hands so far today. In another bit of good news for investors, we seem to have another huge share price spike to thank here.

Imugene shares are presently up a jaw-dropping 46.67% at 24.2 cents each. This comes after the company reported some pleasing results this morning on its gastric cancer drug candidate HER-Vaxx. With a rise of that scale, it’s no wonder we are seeing such impressive volumes today.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• Why Evolution, Newcrest, OZ Minerals, and Zip shares are dropping today
• Why Imugene, Link, Metcash, and Sayona shares are racing higher
• Liontown Resources share price rockets 9% amid broker’s positive lithium outlook
• What was the highest ever Xero share price?
• 16-month low: How ASX copper shares are faring this month

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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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

IDP Education Ltd (ASX: IEL)

According to a note out of UBS, its analysts have retained their buy rating and $34.60 price target on this language testing and student placement company’s shares. Its analysts believe that the company’s shares are trading at attractive level following a sharp pullback in 2022. Particularly given strong language testing demand and the improving outlook for student placements. UBS highlights strong momentum in Australian visa processing over the last three months. The IDP Education share price is trading at $24.75 today.

IGO Ltd (ASX: IGO)

A note out of Macquarie reveals that its analysts have resumed coverage on this battery materials producer’s shares with an outperform rating and $17.00 price target. Macquarie, which is very bullish on lithium, notes that IGO has a world class lithium business that it expects to underpin strong earnings growth in the coming years. In addition, it feels the acquisition of Western Areas should support its nickel production and open up growth opportunities. The IGO share price is fetching $10.33 on Monday afternoon.

National Australia Bank Ltd (ASX: NAB)

Analysts at Goldman Sachs have retained their conviction buy rating and lifted their price target on this banking giant’s shares to $34.26. Goldman has lifted its earnings estimates to reflect the acquisition of Citigroup’s Australian Consumer business. Outside this, the broker likes NAB due to its belief that the bank’s balance sheet mix provides the best exposure to the domestic system growth over the next 12 to 18 months. The NAB share price is trading at $27.92 today.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• CBA share price leads the big four as banks outperform ASX 200 on Monday
• Broker tips NAB share price to rise 24% from here
• 3 ASX lithium stocks this fund manager is holding despite sector pullback
• 5 things to watch on the ASX 200 on Monday
• Brokers name 2 ASX dividend shares to buy next week

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 Idp Education Pty 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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As an ASX 200 blue-chip share and toll road operator, many income investors are attracted to the Transurban Group (ASX: TCL) share price for the dividends.

Before 2020, Transurban had a reputation as one of the ‘safest’ dividend shares on the S&P/ASX 200 Index (ASX: XJO). This was due to its defensive toll road assets, and long-term tolling contracts, many of which have inflationary protections built in.

Of course, the pandemic changed this reputation somewhat. Transurban had to deal with an unprecedented fall in demand as Australians were forced into lockdown over 2020 and 2021.

We can see the effects of these lockdowns in the Transurban dividend. The company paid out 61 cents in dividends per share in 2019, but only 31 cents in 2020, and 36.5 cents in 2021.

Transurban shares are about to go ex-dividend

But Transurban investors are set for a treat. The company’s next dividend is approaching. But investors will need to act soon if they wish to receive it. Transurban is scheduled to pay out its final dividend for FY2022 on 23 August.

This latest dividend from Transurban will amount to 26 cents per share. That represents a meaningful rise over the interim payment of 15 cents per share that investors received on 22 February this year. It’s also a healthy increase over last year’s final dividend of 21.5 cents per share.

But the company will trade ex-dividend for this payment on 29 June (this Wednesday). That means that if an investor wants to receive this dividend, they will need to own Transurban shares before this date. From 29 June, new investors won’t be eligible to receive this dividend.

So don’t be surprised if we see a big share price drop for Transurban on Wednesday. This is a normal occurrence when a share trades ex-dividend. It represents the value of the dividend leaving the share price.

At the current Transurban share price, this ASX 200 toll road operator has a dividend yield of 2.84%.

The post Hoping to bag the next Transurban dividend? Read this appeared first on The Motley Fool Australia.

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More reading

• Brokers name 2 ASX dividend shares to buy next week
• Here’s 3 popular ASX shares that are trading ex-dividend next week
• 2 ASX 200 infrastructure shares ‘ripe for takeout’: expert
• Transurban share price jumps as dividends hit pre-pandemic highs
• Transurban shares poised for rapid dividend recovery: expert

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Treasury Wine Estates Ltd (ASX: TWE) share price is climbing today despite the company losing a key staff member.

Treasury Wine shares are currently trading at $11.38, a $0.71% gain. In comparison, the S&P/ASX 200 Index (ASX: XJO) is jumping 2% today.

So what could this latest development mean for Treasury Wines?

Brand director poached

The Treasury Wine brand director for 19 Crimes has been hired by competitor Accolade Wines, the Financial Review reported.

19 Crimes is a key brand for Treasury Wine on bottles of Red Blend, Cabernet Sauvignon, Shiraz and Chardonnay.

Ming Alterman, currently based in San Francisco, will become head of marketing at Accolade, the publication stated. Alterman reportedly played a key role in growing the 19 Crimes Brand. This included leveraging the 19 Crimes partnership with the entertainment icon Snoop Dogg.

Treasury Wine sold more than 5 million cases of 19 Crimes in the 2021 financial year. In a recent presentation to the Macquarie Conference in Sydney, the company described this brand as a “global phenomenon”. The US is the major market for 19 Crimes, but it is sold globally.

Other major brands pivotal to Treasury Wine include Penfolds, Squealing Pig, Frank Family Vinyeyards, Pepperjack and Stags’ Leap.

In other news, Morgans analysts have rated the Treasury Wine share price as an “add” and placed a $13.93 price target on the company’s shares. This is 22% more than the current share price.

As my Foolish colleague James reported Saturday, Morgans is optimistic that the company can continue to deliver growth. The broker said the “foundations are now in place for TWE to deliver strong double-digit growth from 2H22 over the next few years.”

Treasury Wine share price snapshot

The Treasury Wine share price has soared nearly 32% in the past year. Year to date, it has leapt close to 40% alone.

For perspective, the benchmark S&P/ASX 200 Index (ASX: XJO) has shed 8% over the past year.

Treasury Wine has a market capitalisation of about $8.2 billion based on the current share price.

The post It’s a dog-eat-dog world for the Treasury Wines share price appeared first on The Motley Fool Australia.

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More reading

• Here’s why brokers rate these ASX growth shares as buys
• What I love about these 2 ASX growth shares
• Experts name 2 ASX growth shares to buy with major upside potential
• 2 blue chip ASX 200 shares Morgans rates as buys
• Despite recent volatility, brokers are bullish on the Treasury Wine share price

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 recommended Treasury Wine Estates 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 Bitcoin (CRYPTO: BTC) price is down 1% over the past 24 hours.

The world’s biggest token by market cap is currently trading for US$21,159 (AU$30,601). That’s down 56% year-to-date and down 69% since hitting all-time highs on 10 November last year.

Over the past seven days, the Bitcoin price, notorious for its volatility, has traded in a rather tight range, hitting a low of US$19,848 and a high of US$21,783.

Here’s why that price level could be of critical importance to crypto miners.

Crypto miners are pressuring the Bitcoin price

No two crypto miners will incur identical costs to mine a token. Smaller operations tend to incur higher costs per token than larger outfits. And the price they pay for their electricity is a major factor, as successful mining entails the use of multiple, energy-hungry computer arrays.

According to Bloomberg reports, investment company Arcane Crypto estimates it costs a big mining company some US$8,000 for each Bitcoin. That’s assuming relatively new mining machines and average power prices.

But once you add in overhead costs for infrastructure and interest rates, another company in the crypto space Securitize Capital says it could already be costing some crypto miners more than US$20,000 per token.

Which is right at the level the Bitcoin price has been trading.

That’s seeing more miners selling their Bitcoin on exchanges, adding to the ready supply and pressuring the price. And, according to JPMorgan Chase & Co, this could see the Bitcoin price remain under pressure into the third quarter of 2022.

According to JPMorgan’s strategists, led by Nikolaos Panigirtzoglou (as quoted by Bloomberg), “Offloading of Bitcoins by miners, in order to meet ongoing costs or to de-lever, could continue into Q3 if their profitability fails to improve.”

They added that the selling “has likely already weighed on [Bitcoin] prices in May and June, though there is a risk that this pressure could continue”.

The post How crypto miners are squeezing the Bitcoin price appeared first on The Motley Fool Australia.

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More reading

• The Bitcoin price is struggling. When will cryptos see a bottom?
• Why Bitcoin, Ethereum, and Dogecoin are down today
• The ATO is collecting crypto taxes. Here are 5 handy expert tips come tax time
• These 3 cryptos are feeling the Elon Musk effect today
• What to expect from the Bitcoin price following last week’s thrashing

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. 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 on track to start the week in sensational form. In afternoon trade, the benchmark index is up 2% to 6,708.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price is down 21% to $2.68. This follows the release of a particularly bleak business update. The gold miner’s update reveals yet another production guidance downgrade for FY 2022, higher cost expectations, and reductions to its near term production growth guidance.

Newcrest Mining Ltd (ASX: NCM)

The Newcrest share price is down 5% to $21.90 despite there being no news out of the gold miner. It’s possible that Evolution’s update has hit sentiment in the industry hard. In addition, improving risk sentiment appears to have led to investors switching out of safe haven assets and back into risk assets. The S&P/ASX All Ordinaries Gold index is down 6.8% this afternoon.

OZ Minerals Limited (ASX: OZL)

The OZ Minerals share price is down 3.5% to $18.50. This morning the copper producer lowered its FY 2022 production guidance and lifted its cost guidance due partly to COVID labour shortages. In respect to the former, OZ Minerals’ Carrapateena copper production guidance has been lowered by approximately 13%.

Zip Co Ltd (ASX: ZIP)

The Zip share price has dropped 3.5% to 51.7 cents. This decline may have been driven by profit taking from traders after a strong gain at the end of last week. The Zip share price jumped approximately 20% on Friday after improving investor sentiment sent a number of beaten down ASX shares hurtling higher.

The post Why Evolution, Newcrest, OZ Minerals, and Zip shares are dropping today appeared first on The Motley Fool Australia.

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More reading

• Zip share price bucks the trend with 5% fall. What’s happening?
• 16-month low: How ASX copper shares are faring this month
• The Newcrest share price is 23% below pre-pandemic levels, what gives?
• Why is the Northern Star share price sinking 9% today?
• ASX 200 midday update: Metcash and Imugene jump, Evolution downgrades guidance again

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 ZIPCOLTD FPO. 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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Despite tumbling in 2022, the Macquarie Group Ltd (ASX: MQG) share price has surged by 87% over the last five years.

It’s no secret that volatility across global markets due to high inflation levels and rate hikes has caused distress among investors.

This led the S&P/ASX 200 Financials (ASX: XFJ) sector to tank almost 10% this year.

After falling to a 10-month low of $157.03 on 17 June, shares in the investment bank are recovering lost ground, for now.

At the time of writing, Macquarie shares are up 0.51% to $166.18.

Macquarie dividend history

Regardless of the company’s recent share price weakness, the Macquarie board has continued to pay robust dividends to shareholders.

The following are the dividends the company has distributed in the past five years.

• July 2017 – $2.80 (final dividend)

• December 2017 – $2.05 (interim dividend)

• July 2018 – $3.20 (final dividend)

• December 2018 – $2.15 (interim dividend)

• July 2019 – $3.60 (final dividend)

• December 2019 – $2.50 (interim dividend)

• July 2020 – $1.80 (final dividend)

• December 2020 – $1.35 (interim dividend)

• July 2021 – $3.35 (final dividend)

• December 2021 – $2.72 (interim dividend)

• July 2022 – $3.50 (final dividend dividend)

Calculating the above Macquarie dividends since 2017 gives us a total figure of $29.02 for every share owned.

When pitting the last two dividends against the current share price, Macquarie has a dividend yield of 3.72%.

Macquarie share price snapshot

Over the last 12 months, the Macquarie share price has risen by 7%. However, year to date, Macquarie shares are down 19%.

The company’s shares climbed throughout 2021 before hitting a snag from January 2022 onwards.

In terms of market capitalisation, Macquarie is the fourth-largest Australian bank valued at approximately $63.7 billion.

The post How much have Macquarie shares paid in dividends in the last 5 years? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 dividend shares analysts rate highly
• Can Macquarie shares deliver an attractive dividend yield AND 30% upside in 2022?
• What’s the outlook for ASX 200 bank dividends?
• Analysts name 2 top ASX 200 dividend shares to buy now
• How does the Macquarie dividend stack up against the ASX big four banks?

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 recommended Macquarie 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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The Zip Co Ltd (ASX: ZIP) share price is tumbling on Monday despite the broader market’s day in the sun.

Right now, the ASX buy now, pay later (BNPL) share is handing back some of the notable gain it racked up late last week.

At the time of writing, the Zip share price is 51.5 cents, 3.74% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) and the All Ordinaries Index (ASX: XAO) are both up 2% right now.

Let’s take a closer look at what’s going on with the Zip share price on Monday.

What’s going on with the Zip share price?

The Zip share price is underperforming today. Though, it hasn’t quite regressed to the multi-year low it reached last week.

The stock tumbled to a low of 44 cents on Thursday – the lowest it’s been since 2016. Fortunately, the BNPL giant’s stock launched 21.5% higher on Friday, leaving it flat with the prior week’s close.

Thus, today’s dip might be due to price taking following Friday’s lift.

Additionally, Zip’s tumble comes amid news the BNPL market could be about to get more crowded. Payment solutions provider Revolut has announced plans to launch a BNPL product, initially hitting the market in Ireland.  

The Zip share price is joined in the red by BNPL peers Sezzle Inc (ASX: SZL) and Humm Group Ltd (ASX: HUM) today. They have seen their stock slip 1.6% and 2.1% respectively.

But not all ASX BNPL shares are falling on Monday. Stock in ASX 200 payments giant and Afterpay owner Block Inc (ASX: SS2) is currently leaping 6.6%.

Zip’s home sector, the S&P/ASX 200 Financials Index (ASX: XFJ), is also lifting 2.6% right now.

Additionally, the S&P/ASX 200 Information Technology Index (ASX: XIJ) – which Zip often trades alongside – is up 2.9%.

The post Zip share price bucks the trend with 5% fall. What’s happening? appeared first on The Motley Fool Australia.

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More reading

• Why Evolution, Newcrest, OZ Minerals, and Zip shares are dropping today
• The Zip share price is rocketing 14% today. What’s going on?
• Why ASX 200 tech shares are outperforming the market on Friday
• ASX 200 midday update: Qantas’ market update, lithium shares rebound
• Why Cooper Energy, Lake Resources, Leo Lithium, and Zip shares are sinking

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 ZIPCOLTD FPO. The Motley Fool Australia has recommended Humm 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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The Tabcorp Holdings Ltd (ASX: TAH) share price is up more than 2% at the time of writing, trading at $1.067.

The gain brings Tabcorp’s shares to a 12% gain this year to date, up 10% this past month, as illustrated below.

Potential bidders? Maybe, maybe not

Reports have now surfaced Tabcorp shares might be in the acquisition limelight again, around one month after the company spun out its The Lottery Corporation business.

It seems the company’s got its sights set firmly on the future. It’s understood that potential bidders may be interested in a Tabcorp buyout, according to The Australian.

The newspaper reports:

[P]otential bidders have begun planning how to overcome regulatory issues should they lob an offer for Tabcorp – likely between $2.5 billion and $3 billion – and identifying how they believe Tabcorp’s operations could be improved and who would be in charge.

Tabcorp reports its results in August. Should they disappoint and its share price fall, expect potential bidders to make a move.

Speaking to The Australian, CEO Adam Rytenskild said that he wanted his company to compete with corporate bookmakers.

“I want us to have more heart and more courage right across everything we do. I want us to be different as a company,” he said.

“We are loosening the handcuffs a bit and we want our culture to be about transforming and changing.”

Tabcorp share price snapshot

In the last 12 months, Tabcorp shares have clipped a 7% gain.

The company has a current market capitalisation of $2.37 billion.

The post Are potential suitors getting ready to take another punt on the Tabcorp share price? appeared first on The Motley Fool Australia.

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More reading

• How has the Tabcorp share price been performing since the demerger?
• These were the best performing ASX 200 shares last week
• Here are the 3 most traded ASX 200 shares on Tuesday
• Why GrainCorp, New Hope, Tabcorp, and Woodside shares are pushing higher
• Why is the Tabcorp share price racing higher 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 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 afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a very strong gain. At the time of writing, the benchmark index is up 2% to 6,708.2 points.

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

Imugene Limited (ASX: IMU)

The Imugene share price is up almost 38% to 22.7 cents. Investors have been buying this immuno-oncology company’s shares after it revealed positive final overall survival data from its Phase 2 study of HER-Vaxx. Imugene’s HER-VAxx is a B-cell immunotherapy candidate for treatment of tumours over-expressing the HER-2/neu protein.

Link Administration Holdings Ltd (ASX: LNK)

The Link share price is up 4% to $3.84. This follows news that Dye & Durham’s proposed takeover of the administration company may not be dead. Though, the offer has been reduced by approximately 22% from $5.50 per share to $4.30 per share.

Metcash Limited (ASX: MTS)

The Metcash share price is up 3% to $4.25. The catalyst for this was the release of the wholesale distributor’s FY 2022 results this morning, which outperformed the market’s expectations. Thanks to solid growth from all sides of the business, Metcash reported an 18.6% increase in underlying net profit after tax to $299.6 million. This compares favourably to the market consensus estimate of an underlying profit of $279 million.

Sayona Mining Ltd (ASX: SYA)

The Sayona share price has jumped almost 10% to 13.7 cents. This morning this lithium developer released an update on its Moblan Lithium Project in Canada. According to the release, drilling activities have identified multiple new spodumene pegmatites that could significantly increase the company’s North American resource base.

The post Why Imugene, Link, Metcash, and Sayona shares are racing higher appeared first on The Motley Fool Australia.

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More reading

• ‘Significant milestone’: Why the Imugene share price is soaring 30% today
• ASX 200 midday update: Metcash and Imugene jump, Evolution downgrades guidance again
• Link share price pushes higher despite revised takeover offer
• ‘Potential to become a world-class deposit’: Sayona share price jumps 16% following new lithium discoveries
• Metcash share price storms 8% higher on FY 2022 earnings beat

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 Link Administration Holdings 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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