Category: Stock Market

The St Barbara Ltd (ASX: SBM) share price is hovering in positive territory on Wednesday.

This comes after the company announced it has finalised an important acquisition, unlocking access to land packages near its Leonora operations in Western Australia.

At the time of writing, the gold miner’s shares are exchanging hands for $1.47, after reaching an intraday high of $1.50 early this afternoon.

What’s driving St Barbara shares higher?

Investors are buying up St Barbara shares following the completed acquisition of Australian gold company, Bardoc Gold Ltd (ASX: BDC).

In today’s release, St Barbara advised that implementation has occurred under the scheme of arrangement. This means that Bardoc shareholders will receive 0.3604 new St Barbara shares for each Bardoc share owned.

The transaction values Bardoc at approximately $157 million and each Bardoc share at 53 cents.

The new St Barbara shares issued under the scheme will start trading on the ASX from tomorrow.

What did management say?

Commenting on the news, St Barbara managing director and CEO Craig Jetson said:

The completion of this major milestone has allowed us to lock in the acceleration of the Leonora Province Plan.

The acquisition gives St Barbara access to the advanced Aphrodite and Zoroastrian underground deposits. Due to their proximity to road and rail infrastructure that connect them to Leonora, the deposits are expected to become additional ore sources to support the filling of the mill and the expansion to 2.1mpta.

The acquisition also included Bardoc’s land package, which Jetson said contributed to St Barbara’s “leading position in the Leonora province” and provided “a strong platform for the company to deliver further organic growth for years to come”.

About the St Barbara share price

St Barbara shares have plummeted by 30% over the past 12 months, with the year to date figure up marginally by 1%.

The company’s share price reached a 52-week high of $2.16 in early 2021 before treading on a downward path.

St Barbara commands a market capitalisation of roughly $1.04 billion based on today’s price.

The post St Barbara share price lifts on acquisition news 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 Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is defying weakness on Wall Street and is pushing higher. At the time of writing, the benchmark index is up 0.4% to 7,482 points.

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

Adbri Ltd (ASX: ABC)

The Adbri share price is down 5.5% to $2.85. Investors have been selling this building products company’s shares in response to a broker note out of Morgan Stanley. According to the note, the broker has downgraded the company’s shares to an equal-weight rating with a lowered price target of $3.40.

Eroad Ltd (ASX: ERD)

The Eroad share price is down 5.5% to $2.76. This morning the transport technology company released its fourth quarter operational update. That update revealed modest 2.6% growth in contracted units to 208,697 units. Some investors may have been expecting stronger growth from Eroad.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price is down 2% to $9.49. This appears to have been driven by a broker note out of Goldman Sachs this morning. According to the note, the broker has initiated coverage on the rare earths producer’s shares with a neutral rating and $9.50 price target on its shares. Goldman believes Lynas’ shares are “fully valued” at the current level. For this reason, its analysts believe Iluka Resources Limited (ASX: ILU) would be the better option for investors seeking rare earths exposure.

Perpetual Limited (ASX: PPT)

The Perpetual share price is down 2.5% to $31.38. This fund manager’s shares have come under pressure this week in response to news that Pendal Group Ltd (ASX: PDL) has rejected its takeover approach. The Perpetual share price dropped to a two-year low at one stage on Wednesday morning.

The post Why Adbri, Eroad, Lynas, and Perpetual shares are tumbling appeared first on The Motley Fool Australia.

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• ASX 200 midday update: AVZ and EML shares jump
• Top broker warns this ASX 200 share may be next to issue a profit warning
• Should you buy Iluka or Lynas shares for rare earths exposure?
• ASX 200 midday update: Pendal rejects takeover offer, Mineral Resources rises on broker upgrade
• Lynas share price lifts amid record quarterly result

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. owns and has recommended EROAD Limited. The Motley Fool Australia owns and has recommended EROAD Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is having a decent, if uninspiring, day of trading so far this Wednesday. At the time of writing, the ASX 200 is up by 0.34% at just over 7,479 points. But one ASX 200 share is doing far better. That would be the A2 Milk Company Ltd (ASX: A2M) share price.

A2 Milk shares are currently trading at $4.62, up a solid 0.65% so far. But earlier in today’s trading session, we saw the company hit a high of $4.71. That represented a pleasing gain of 2.61% at the time.

So why are A2 Milk shares outperforming today? After all, it’s certainly a nice change for investors after the company lost almost 12% over the past month alone.

Well, we can’t be sure. There’s been no news out of the company itself today. However, there have been some media reports of a potentially positive development for A2 Milk.

A2 Milk share price rises amid US baby formula shortage

According to a report in The Guardian this week, the United States is currently enduring a “nationwide shortage” of infant milk formula. A recent and massive recall of the Similac, Alimentum and EleCare baby formula products, owned by Abbott Laboratories, is reportedly partially responsible for the shortage. The recall was in response to a number of cases of Cronobacter bacterial infections.

As a result, “stores across the US have started to ration baby formula while some others are reporting increasing shortages”. The hardest hit US states include Minnesota, Connecticut, Texas, Louisiana and Hawaii.

Shortages of a key product that A2 Milk manufactures potentially bodes well for the company. This might explain why investors have been buying A2 shares over the course of today’s trading. That’s despite A2 Milk’s infant formula products having almost no presence in US markets, going off its latest earnings report.

At the current A2 Milk share price, this ASX 200 dairy share has a market capitalisation of $3.41 billion.

The post Why is the A2 Milk share price outperforming today? appeared first on The Motley Fool Australia.

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• What was the highest ever AGL Energy share price?

Motley Fool contributor Sebastian Bowen owns A2 Milk. 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 A2 Milk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Sayona Mining Ltd (ASX: SYA) share price is launching higher on Wednesday despite the company’s silence.

In fact, the market hasn’t heard price-sensitive news from the emerging lithium producer for over a week.

At the time of writing, the Sayona share price is 33.25 cents, 9.02% higher than its previous close.

For context, the broader market is also in the green today, though, not to the same extent.

Right now, the All Ordinaries Index (ASX: XAO) is up 0.38% while the S&P/ASX 200 Index (ASX: XJO) has gained 0.24%.

Let’s take a look at what’s going on with Sayona and its peers lately.

What’s going on with the Sayona share price today?

The Sayona share price is in the green on Wednesday, as are many other ASX materials shares.

In fact, the S&P/ASX 200 Materials Index (ASX: XMJ) is outperforming the broader market, gaining 0.61% at the time of writing.

And while Sayona doesn’t call the index home, many of its lithium peers are leading the charge today.

The share price of AVZ Minerals Ltd (ASX: AVZ) is the index’s best performer, having gained 6.3% on news of the company’s Manono Lithium and Tin Project.

Meanwhile, shares in Liontown Resources Limited (ASX: LTR), Mineral Resources Limited (ASX: MIN), and Allkem Ltd (ASX: AKE) are also in the green. They’re the sector’s third, fourth, and fifth best performers on Wednesday.

The last time the market heard news from Sayona was on 4 April.

Then, it announced that testing of spodumene from its Authier Lithium Project proved the material can be used to create battery-quality lithium hydroxide.

The Sayona share price launched 32% on the back of the announcement.

Today’s gains included, Sayona’s stock is trading for 135% more than it was at the start of 2022.

The post Why is the Sayona share price leaping 9% on Wednesday? appeared first on The Motley Fool Australia.

More reading

• How is the Sayona share price still soaring, even on a down day for the ASX?
• Why A2 Milk, IGO, Lynas, and Sayona shares are dropping
• Why is the Sayona (ASX:SYA) share price tumbling 9% today?
• Why is the Novonix (ASX:NVX) share price charging 6% higher?
• Why Allkem, Iluka, Pendal, and Sayona Mining shares are charging higher

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 Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Shopify (NYSE: SHOP) just joined Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), and Tesla (NASDAQ: TSLA) in announcing stock splits. Shares of the e-commerce software company will undergo a 10-for-1 split, and a “founder’s share” for co-founder and CEO Tobi Lütke is also being proposed (which would give Lütke 40% of total Shopify voting power).

Companies split their stocks for good reasons, like to better manage stock-based compensation to employees or share buybacks. However, a stock split by itself doesn’t change a company’s fundamental value, so business health should be assessed rather than stock price when contemplating a buy. With that in mind, here’s why each of these stock split companies is a worthwhile long-term buy-and-hold right now. 

1. Shopify: A 100-year mission still early in its development

I’ll start with Shopify, because this is my favorite company among the stock split candidates discussed here. I believe this stock also has some of the biggest upside potential in the next decade and beyond. 

Shopify is on a “100 year mission to make commerce better for everyone.” Since its IPO in 2015, shares are up over 2,300%, and that’s despite the recent 60%-plus sell-off from all-time highs. Suffice to say the journey has been highly profitable so far. Shopify’s software suite helps aspiring entrepreneurs, small businesses, and fast-growing retail brands manage their sales online and via traditional in-person channels. Services include everything from website management to social media marketing to digital payment acceptance. 

Shopify’s focus over the next couple of years will be scaling its Fulfillment Network, local warehouses from which Shopify users can manage inventory and quickly ship orders to customers. In an era of fast fulfillment, giving small merchants similar shipping options as bigger retailers will be a big challenge for Shopify — but one that could be highly profitable if it can pull it off. 

Given the expectation for continued double-digit percentage growth, Shopify stock appears cheap at just 27 times trailing 12-month earnings. It isn’t, especially considering Shopify Fulfillment Network is going to cost about $1 billion to build over the next few years. Nevertheless, this company has proven its worth in the retail world, and it has a mission that aligns with the benefit of its large and expanding user base. Shopify looks like a fantastic buy right now ahead of its proposed stock split.

2. Alphabet: The internet is a secular growth megatrend

In July, Google parent company Alphabet will undergo a 20-for-1 stock split. The last time the internet search leader underwent such activity was in 2014. Since then, Alphabet shares have risen over 350%.

There are plenty of reasons to believe Alphabet will continue to provide steady growth for many years to come. For one thing, its bread-and-butter business selling digital ads is still steadily gobbling up global market share of the overall advertising industry (on pace to reach $1 trillion a year in global spending). Digital ads have a lot of benefits for marketers, and they’re highly profitable for Google. 

Alphabet is using those profits from its core Google business (“Google Services” generated an operating profit margin of 37% in 2021) to fuel lots of other projects. Google Cloud is chief among them. Organizations are migrating their IT workloads to data centers and adopting cloud-based services, providing Google with a second secular growth megatrend beyond just digital ads. Add in Google Payments, YouTube, various subscription services, self-driving cars, and more, and Google has no shortage of directions to take its business. 

Plus this is one of the deepest-pocketed organizations around. Alphabet had $140 billion in cash and short-term investments on hand at the end of 2021, offset by debt of only $14.8 billion. Trading for just 26 times trailing 12-month free cash flow, Alphabet stock looks like one of the best long-term values out there right now.

3. Tesla: Still massive upside for the EV market

Tesla had its last 5-for-1 stock split over the summer of 2020, and shares have doubled in value since then. In recent regulatory filings, the company has indicated it will put another stock split on the table for shareholders to vote on.

The real reason to invest in Tesla right now, though, is the massive consumer migration from traditional internal combustion engine vehicles to electric vehicles. Of the nearly-67 million vehicles sold worldwide in 2021, only about 6.5 million were electric vehicles (EVs). Tesla delivered just over 936,000 vehicles in 2021.

As legacy automakers and other EV start-ups fire up their assembly lines for next-gen cars, it isn’t reasonable to expect Tesla to continue commanding such a large slice of the EV market share. However, management thinks it can continue growing sales at roughly the same rate as the EV space overall, about 50% per year, for the next few years. For an automaker that just cranked out over $45 billion worth of vehicle sales in 2021 (less environmental regulatory credits sold to other automakers), that’s an ambitious growth rate.

A few catalysts could help Tesla supercharge its way to $100 billion in annual sales and beyond. Its new Gigafactories in Berlin and Austin, Texas, are now live. Though temporarily shuttered due to a coronavirus outbreak, the Gigafactory in Shanghai will handle production in Asia. More factories are likely on the way, as are new models like the Cybertruck. At 71 times one-year forward expected earnings, fantastic execution of its expansion plans is already priced into this stock. But if you think the move to EVs will continue at a rapid pace for the next decade, there’s a lot to like about Tesla even at these sky-high prices.

4. Amazon: A fantastic allocator of capital goes on a spending spree

For in-the-know investors, Amazon’s mind-boggling run higher isn’t simply a story of e-commerce expansion. It’s true, Amazon used its early lead in selling online to its advantage, but that’s not really what has made the stock move nearly 155,000% higher since its IPO in 1997. Rather, it’s been the company’s success in allocating capital to highly profitable new projects adjacent to its e-commerce empire that has been the key ingredient to its success. 

Amazon Web Services (AWS), the cloud computing segment that started simply by “renting out” extra data center capacity from the e-commerce segment, generated only 13% of all revenue last year. However, AWS operating profit accounted for 75% of Amazon’s grand total. Other services like advertising on its merchant platform accounted for much of the rest of operating income. 

Amazon spent an incredible $65 billion on capital expenditures (property, plant, and equipment) to support its long-term growth last year. With infrastructure costs only increasing thanks to inflation, that pace of spending isn’t likely to abate anytime soon. For reference, Amazon’s capital expenditures were $20 billion in 2020. The explosion in spending in support of steady expansion has put pressure on the e-commerce giant’s bottom line. Shares currently trade for 47 times trailing 12-month earnings, and 240 times trailing 12-month free cash flow.

However, if you believe Amazon will continue to be an excellent allocator of capital to the right projects at the right time, there’s a lot to like about that explosion in capital investment. Amazon is also undergoing a 20-for-1 stock split in May, but there is a multitude of longer-term reasons to buy and hold beyond this one-time stock split event. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Shopify, Alphabet, Amazon, and Tesla stocks are splitting — which ones are the best buys? appeared first on The Motley Fool Australia.

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Nicholas Rossolillo and his clients own Alphabet (C shares), Shopify, and Tesla. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Amazon, Shopify, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares) and has recommended the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The National Australia Bank Ltd (ASX: NAB) share price reached a high of $33.09 earlier today, despite experiencing some share price wobbles through the session so far.

That puts the big bank at levels not seen since late April 2017, almost five years ago. It also sees the NAB share price up 23.3% since this time last year.

And that doesn’t include dividends, mind you.

At the current price, the bank pays a trailing dividend yield of 3.8%, fully franked. Investors who bought at a lower NAB share price will be enjoying an even higher yield.

Why is the NAB share price outperforming?

Over the past month, NAB shares have gained 8.7%. That’s roughly twice the 4.4% gains posted by the S&P/ASX 200 Index (ASX: XJO) during that same period.

One of the drivers helping support all of the banks is the outlook for rising interest rates. While higher rates may cause some headwinds for their mortgage books, analysts broadly agree this will be more than offset by the higher margins banks will enjoy with rate hikes.

What happened over the past month?

Among the highlights of the month gone by, the bank completed its $2.5 billion on-market share buyback and reported it would undertake an additional on-market buyback of up to $2.5 billion.

While that didn’t boost the NAB share price on the day, it certainly drew plenty of investor attention.

Commenting on the buyback on the day, NAB CEO Ross McEwan said, “The further $2.5 billion on-market buyback announced today supports our ambition to reduce the share count and increase sustainable ROE [return on equity] benefits for our shareholders.”

National Australia Bank also received some positive broker coverage following the buyback announcement.

Bell Potter retained its buy rating and lifted its target for the NAB share price to $34.50. That’s 4.6% above the current price and would represent more than 5-year highs.

The bank also pays a 3.9% trailing dividend yield, fully franked.

The post NAB share price lifts again to hit new 4-year high appeared first on The Motley Fool Australia.

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• Why are ASX 200 bank shares having such a stellar start to the week?
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• Is the NAB share price entering a ‘sweet spot’?
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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 Bruce Jackson.

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It might be the end of the road for Buddy Technologies Ltd (ASX: BUD) shares, at least on their ASX path. This company’s last traded share price was just 0.6 cents, recorded yesterday afternoon. But Buddy Technologies isn’t trading today. And it might not be trading for a while, or perhaps ever again.

This ASX internet of things (IoT) share released an ASX notice this morning. It announced that Buddy Technologies shares will be suspended from ASX quotation “until further announcements in this regard”.

Shortly afterwards, the company put out another release. This one confirmed that “Christopher Hill and David McGrath of FTI Consulting were appointed joint and several Receivers and Managers… of Buddy Technologies… pursuant to security held by Partners for Growth VI, L.P (‘PFG’)”.

Here’s more of what the release said:

The effect of the appointment is that the Receivers are now in control of the Company’s assets, shares in its subsidiaries, undertaking and operations…

In addition, PFG has provided BUD with a limited funding facility to allow the Group to continue to trade in the short term during the receivership period. It is the Receivers’ intention to draw down against this facility as and when required and to provide those funds to the Subsidiaries so that day-to-day obligations can be met at that level.

In light of the PFG facility it is the Receivers’ expectation that the Subsidiaries will continue to operate on a business-as-usual basis for the immediate future.

Buddy Technologies shares suspended from ASX as receivers appointed

So this news isn’t good for shareholders. It implies the company is under financial stress, with obvious cash flow issues. Going forward, the path is unclear for Buddy Technologies. But here’s what the company said would happen next:

The Receivers will shortly commence a process seeking offers for a sale or recapitalisation of the Group… It is anticipated that indicative offers will be sought from interested parties by the week commencing 2 May 2022.

So with that in mind, it looks as though Buddy Technologies will be sold, or at least put out to market. Perhaps a buyer will swoop in and take control of the company. Perhaps an investor will prop it up and the shares will be relisted. Or perhaps it will be broken up. We don’t know any more at this stage. But what we do know is that Buddy Technologies shares don’t look likely to rejoin the ASX boards anytime soon.

At the company’s last traded share price, Buddy Technologies shares have a market capitalisation of $21.07 million. Buddy Technologies is now down 57% in 2022 so far and 85% over the past 12 months.

The post Buddy Technologies shares unfriended from ASX as receivers move in appeared first on The Motley Fool Australia.

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

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

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

CSL Limited (ASX: CSL)

According to a note out of Citi, its analysts have retained their buy rating and $335.00 price target on this biotherapeutics giant’s shares. This follows a review of the healthcare sector. Citi highlights that the company’s shares are underperforming the market this year but appears optimistic this will change as plasma collections begin to recover and the acquisition of Vifor Pharma closes. The CSL share price is trading at $262.52 on Wednesday afternoon.

IDP Education Ltd (ASX: IEL)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and lifted their price target on this student placement and language testing company’s shares to $35.50. The broker highlights that new student visa data for February and March published by the ABS supports its thesis that second half student placement volumes will grow strongly. Outside this, the broker believes IDP is well-placed to benefit from compelling long-term structural growth in international student volumes and IELTS testing demand. The IDP share price is fetching $27.53 today.

Webjet Limited (ASX: WEB)

Analysts at Citi have upgraded this online travel agent’s shares to a buy rating with an improved price target of $6.50. With a user pay business model largely exposed to volumes and low fixed costs, Citi thinks Webjet should be a relative leader in re-opening stock earnings. It also believes the company’s B2B business will bounce back strongly, especially with its American growth opportunity. The Webjet share price is trading at $5.47 this afternoon.

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

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• Why AVZ, EML, Iluka, and Webjet shares are charging higher
• Webjet share price takes off following broker upgrade
• ASX 200 healthcare shares were chronically ill last quarter. Take a look
• How is the CSL share price performing against its sector in 2022?
• Why is the Webjet share price having such a lousy start to the week?

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. owns and has recommended CSL Ltd., Goldman Sachs, and Idp Education Pty Ltd. The Motley Fool Australia has recommended Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Today is a good day for the OncoSil Medical Ltd (ASX: OSL) share price after the company released news of its pancreatic cancer treatment.

The treatment – which comes in the form of a device – has surpassed a major milestone. It has been used to treat a commercial patient in Europe for the first time.

At the time of writing, the OncoSil Medical share price is 7 cents, 66.67% higher than its previous close.

Though earlier today, it surged to an intraday high of 7.5 cents, representing a 78.6% gain.

Let’s take a closer look at today’s news from the medical device company.

What’s driving OncoSil’s stock higher?

The OncoSil Medical share price is launching higher on the news a European commercial patient has been treated with the company’s pancreatic cancer treatment device for the first time.

The OncoSil device is a targeted radioactive isotope. It works by being implanted into a pancreatic tumour via an endoscopic ultrasound.

The first European commercial procedure of its kind was performed at Madrid’s Hospital Universitario de Fuenlabrada.

Previously, COVID-19 had hampered the company’s ability to train hospitals on the device’s implantation. However, now restrictions have begun to ease, the company has trained 10 hospital sites in Spain.

The hospitals can now negotiate a budget for a certain number of treatments each year. To get their hands on the devices, hospitals must complete a formal tender process.

OncoSil Medical’s sales team is working with other trained hospitals through the tender process to allow better access to the treatment in various regions.

OncoSil Medical CEO and managing director Nigel Lange commented on today’s news:

We look forward to the OncoSil device becoming more accessible to patients throughout Spain and subsequently other European countries, to maximise the benefit from this novel treatment.

Overall, following our recent success in Germany, we expect the momentum of OncoSil device sales to continue improving over the course of the current year.

OncoSil Medical share price snapshot

This year has so far been good for the OncoSil Medical share price.

It has gained 40% since the start of 2022. However, it is 30% lower than it was this time last year.

The post The OncoSil Medical share price is booming 66%. Here’s why appeared first on The Motley Fool Australia.

More reading

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• Why AVZ, EML, Iluka, and Webjet shares are charging higher
• Here’s why the Northern Star share price is climbing today
• Why have ASX uranium shares bolted out of the gate today?

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 Bruce Jackson.

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Analysts at US investment bank Merrill Lynch have redefined the FAANG basket of stocks.

Formerly – and currently – the group was made up of Facebook, Apple, Amazon, Netflix and Google – the tech darlings of the NYSE and Nasdaq.

This group has provided investors with unparalleled returns over the past decade, positioning themselves as the biggest companies to ever walk the global stock markets.

FAANG 2.0? What’s it look like?

Up until now, the group has been the major floatation device for the US (and quite arguably, global) stock exchange(s).

Some quick analysis enables us to easily see just how much this is so. The performance of the S&P 500 from 2013–2022 has seen it climb to record heights, even through a pandemic, and flash crash of 2018.

However, stripping out the FAANG group sees incredibly different results, Ed Yardeni of Yardeni Research explains.

Yardeni show’s us a chart displaying the market cap of the S&P 500 – with and without the FAANG basket included – to highlight the index wouldn’t have performed nearly as well if it weren’t for these 5 tech juggernauts.

Plus, with a shifting macroeconomic narrative, that’s sending a blitzkrieg of geopolitical, inflationary and rates-based missiles at global markets, tech shares have taken an absolute beating in 2022.

The S&P/ASX All Technology Index (ASX: XTX) is down 19% this year to date and is the worst performing Aussie sector.

Perhaps that’s why Merrill are shifting their posture; in order to dance in tune with the emerging trends in commodities, energy and food production.

“The original FAANG acronym was made up of company-specific tech leaders that enjoyed sustained growth over the last decade as the economy increasingly digitalised—and then thrived—over the pandemic (and added $3.2 trillion in market cap),” it wrote in a recent note.

“[O]ur version of FAANG 2.0 reflects a new world of geopolitical risks and resource/hard asset intensity.”

Instead, Merrill lists its own pockets of the market where it “find[s] future value given the defining market rotations [it] expect[s].”

That consists of Fuels, Aerospace & defence, Agriculture, Nuclear/renewables and Gold/metals/minerals, to produce FAANG 2.0.

So what ASX shares have conformed to this latest definition? Considering the current macro trends, there’s been plenty.

Shares in agriculture player Graincorp Ltd (ASX: GNC) are up 18% this year to date, bringing an 81% gain for the last 12 months. Meanwhile, hydrocarbons giant Woodside Petroleum Limited (ASX: WPL) shares are up 47% this year to date to cover off fuels.

Gold shares have spiked hard in 2022 as well, with Bellevue Gold Ltd (ASX: BGL) spiking 14% since January for instance, whilst small-cap player Droneshield Ltd (ASX: DRO) has spiked 28% in the aerospace field.

The post Could these ASX shares be the new FAANG stocks on the block? appeared first on The Motley Fool Australia.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Motley Fool contributor Zach Bristow owns Alphabet (A shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Alphabet (A shares), Amazon, Apple, DroneShield Ltd, Meta Platforms, Inc., and Netflix. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Alphabet (C shares) and has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, DroneShield Ltd, Meta Platforms, Inc., and Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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