It’s always the dilemma when you come across a hot stock that’s rocketed in recent times.

Has the share price already had all its wins? Or is the business outlook still strong enough to produce further gains for investors?

Those who are looking at Fortescue Ltd (ASX: FMG) are in exactly this predicament at the moment.

The share price for the iron ore and green energy miner has soared 41% just in the last three months. If you go back to a trough last May, the return is an amazing 54.5%.

In fact, the S&P/ASX 200 Index (ASX: XJO) stock just hit an all-time high.

So does that mean it’s too late to get in on this action?

Why have Fortescue shares reached an all-time high?

First, let’s explore why investors are going crazy over Fortescue at the moment.

Its quarterly report released earlier this month seems to have a lot to do with the frenzy, according to The Motley Fool’s Sebastian Bowen.

“The company revealed that it shipped 48.7 million tonnes over the period. That brought its shipments for the six months to 31 December to 94.6 million tonnes, the second-highest half-year in Fortescue’s history.

“What’s more, the company was able to achieve average revenue of US$116 per tonne.”

From this point on, the iron ore outlook is even better.

Citigroup Inc (NYSE: C) is forecasting that the global iron ore price could reach a phenomenal US$150 per tonne within the next quarter.

Where to from here?

So that all seems bullish for Fortescue shares.

But — you knew there was a ‘but’ coming — many professional investors think the share price has run too ahead of itself already.

According to CMC Invest, a whopping 10 out of 15 analysts recommend investors cash in their winnings now by selling.

Bell Potter is one of those brokers that are urging clients to sell, citing how the iron ore price could dive dramatically after its imminent peak. 

“We… see low growth in global steel demand and a deteriorating pricing environment,” read its memo. 

“Dividend yield as a price support is coming back into play but we retain our sell recommendation.”

So it seems the answer is that, yes, it is too late to buy Fortescue shares. There are better places to put your money at this time.

The post Up by 55%, is it too late to buy Fortescue shares? appeared first on The Motley Fool Australia.

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More reading

• 3 high-yield ASX shares for considerable passive income (7%-plus dividends!)
• 2 ASX 200 dividend shares to buy in 2024 for dependable passive income
• $30 each? Here’s why the Fortescue share price just hit a new all-time high
• Buying ASX 200 mining shares? Here’s Citi’s 2024 prediction for the iron ore price
• Fortescue share price lifts off amid near-record iron ore shipments

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tony Yoo 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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Sometimes complicated problems have very simple solutions.

Stock investment guru and buy-and-hold advocate Brian Feroldi recently cited the 2006 example of an American anesthesiologist who created a new tool to save lives.

“It was tested in 100 Michigan hospitals over 15 months,” Feroldi said in his newsletter.

“During that time, it saved 1,500 lives and reduced spending by $200 million.”

Amazingly, the tool only cost 2 cents per use.

“In the history of medicine, there may never again be a more powerful, accessible tool to help the masses.

“And what was that magic tool? It was a checklist.”

The list had five items to check off: washing hands, clearing the incision site, draping the patient, using surgical hat, gloves and gown, and applying sterile dressing.

And each piece of paper that these reminders were printed on cost just $0.02.

“Using the checklist cut infections from a 4% occurrence to zero.

“We’re enamoured with complicated, high-tech solutions. But more often than not, eliminating unforced errors is where the real gains can be had.”

The investment tool that could save your bacon

So what does this have to do with investing in ASX shares?

Feroldi insists that “returns can often be improved dramatically” by avoiding simple mistakes.

So he suggests going through this checklist just before hitting the “buy” button in your broking system:

• Is the company’s gross margin stable or expanding?
• Is the company self-funding, or is it reliant on outside capital?
• Can you identify a durable competitive advantage?

“These three questions alone could eliminate 80% of the potential investments you spend your time researching,” said Feroldi.

“It’s up to you to spend the rest of that time getting familiar with the choices left.”

Of course, everyone has different priorities, tastes, and investing styles.

Feroldi pointed out his newsletter colleague Brian Stoffel has nine items on his checklist, while he has many more.

But ultimately, they all serve the same purpose: to narrow down stock ideas and reduce investing mistakes.

“Over the long-term, eliminating these ‘unforced errors’ — and focusing your time on the investments that are truly worthy — can make all the difference.

“If you don’t have an investing checklist, make 2024 the year you build one. Your future self [will] thank you.”

The post This tool can dramatically boost your investment returns appeared first on The Motley Fool Australia.

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More reading

• Here’s how the ASX 200 market sectors stacked up this week
• Why these 3 ASX 200 shares leapt into the Motley Fool’s headlines this week
• Fewer ASX IPOs in 2023, but here’s how they’ve performed
• Why is this ASX All Ords share leaping 9% on Friday?
• Which ASX 200 dividend stock is tipped to pay almost double this year?

Motley Fool contributor Tony Yoo 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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ASX property shares and real estate investment trusts (REITs) led the ASX 200 market sectors this week, gaining a stellar 5.9% over the past five trading days.

The S&P/ASX 200 Index (ASX: XJO) gained 1.71% over the week to finish at 7,699.4 points on Friday.

All market sectors finished the week in the green.

Let’s check out the week’s news.

Real estate shares led the ASX sectors this week

So, we know why this is happening, don’t we?

It’s all about interest rates, and mounting speculation that the Reserve Bank (RBA) will keep rates on hold. And not just at its first meeting of 2024 next week. In fact, maybe the rate hiking cycle is over.

Optimism on rates was boosted this week by better-than-expected inflation numbers. The consumer price index recorded a 4.1% rise in the December quarter, which was below the RBA’s expectation of 4.5%.

Investors were seriously excited by this news, pushing the ASX 200 to a new record high on Wednesday.

CBA head economist Gareth Aird was definitive in his prediction for the RBA decision next week:

We expect the RBA will leave the cash rate unchanged next week and see no chance of any other outcome. We expect the RBA to lower their end-2024 inflation forecast to a little above 3%. And we anticipate they will forecast inflation returning to the mid-point of the target band by mid-2026.

CBA reckons the RBA will start cutting interest rates in September. Aird said his economics team expects total cuts of 75 basis points this year, and another 75 in 1H 2025.

Over in the United States this week, the Federal Reserve kept interest rates on hold for a fourth consecutive month at 5.25% to 5.5%.

Among the large-cap real estate stocks, Goodman Group (ASX: GMG) shares rose by 7.34% to finish at $26.98 per share this week. Scentre Group (ASX: SCG) shares rose to $3.10, up 5.98% over the week.

Stockland Corporation Ltd (ASX: SGP) shares gained 4.25% to finish at $4.54 on Friday. The Vicinity Centres (ASX: VCX) share price lifted 4.35% to $2.04, and Mirvac Group (ASX: MGR) shares rose 3.1% to $2.16.

Check out how ASX shares performed compared to real property prices in the month of January.

ASX 200 market sector snapshot

Here’s how the 11 market sectors stacked up this week, according to CommSec data.

Over the past five days:

S&P/ASX 200 market sector	Change this week
A-REIT (ASX: XPJ)	5.9%
Energy (ASX: XEJ)	3.8%
Information Technology (ASX: XIJ)	2.97%
Consumer Staples (ASX: XSJ)	2.64%
Healthcare (ASX: XHJ)	2.33%
Communication (ASX: XTJ)	1.73%
Consumer Discretionary (ASX: XDJ)	1.5%
Financials (ASX: XFJ)	1.41%
Materials (ASX: XMJ)	1.13%
Industrials (ASX: XNJ)	1.06%
Utilities (ASX: XUJ)	0.8%

The post Here’s how the ASX 200 market sectors stacked up this week appeared first on The Motley Fool Australia.

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More reading

• Why these 3 ASX 200 shares leapt into the Motley Fool’s headlines this week
• 5 things to watch on the ASX 200 on Friday
• History suggests snubbing the ASX 200 at record highs could be a costly mistake — here’s why
• After 8 days of gains and a record high why is the ASX 200 tumbling today?
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Bronwyn Allen has positions in Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It was a big week for many S&P/ASX 200 Index (ASX: XJO) shares.

A week that saw the benchmark index close at a record high of 7,680.70 points on Wednesday before resetting that with a record close of 7699.40 points on Friday. These both topped the previous all-time closing high of 7,628.9 points, notched on 13 August 2021.

With records toppling, here’s why these three ASX 200 shares grabbed the Motley Fool’s headlines this week.

Three ASX 200 shares grabbing the Motley Fool’s headlines

The first ASX 200 share that leapt into the Motley Fool’s headline news this week was Commonwealth Bank of Australia (ASX: CBA).

On Tuesday, CBA, Australia’s biggest bank stock, set its own all-time intraday high. In early morning trade shares in the big four bank were changing hands for $116.94 apiece. That put CBA shares up 22% since 31 October.

With no fresh price-sensitive news out from CBA, Motley Fool analyst Sebastian Bowen attributed the record high to the same factors that were sending the ASX 200 towards all-time highs on the day. Namely “falling inflation, strong economic growth with low unemployment, and the expectations of interest rate cuts this year”.

Also leaping into the Motley Fool’s headlines this week was mining giant BHP Group Ltd (ASX: BHP).

The ASX 200 share led the news on Monday after it was reported that BHP, Vale and their Samarco joint venture could be facing 47.6 billion reais (AU$14.8 billion) in legal damages. Those compensatory damages, tied into the 2015 Samarco Fundao dam collapse in Brazil, were levelled by a Brazilian federal court judge.

BHP responded that it was “fully committed to supporting the extensive ongoing remediation and compensation efforts in Brazil through the Fundacao Renova”.

However, as the miner had not yet been served with the court decision, management said they would review the implications and the potential for an appeal.

The BHP share price closed the day down 1.4%.

Which brings us to the third ASX 200 share that leapt into the Motley Fool’s headlines this week.

Namely, uranium stock Paladin Energy Ltd (ASX: PDN).

Paladin, and indeed numerous ASX uranium stocks, made headline news on Friday as uranium prices soared to near 16-year highs.

The uranium price has more than doubled over the past 12 months, with 22 nations recently having pledged to triple their nuclear power capacity to provide reliable baseload power without atmosphere-warming carbon emissions.

New uranium supply was already lagging behind the demand growth. And on Friday, Paladin received another big boost after Kazatomprom, the world’s top uranium producer, reiterated concerns that supply issues with sulphuric acid, crucial for its uranium mining methods, would impact its production levels in 2024.

The Paladin share price closed up 6.6% at $1.38 on Friday.

That sees the ASX 200 share up 39.5% so far in 2024.

The post Why these 3 ASX 200 shares leapt into the Motley Fool’s headlines this week appeared first on The Motley Fool Australia.

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More reading

• Why are these 5 ASX uranium shares racing higher again today?
• 5 things to watch on the ASX 200 on Friday
• 3 popular investing myths BUSTED
• History suggests snubbing the ASX 200 at record highs could be a costly mistake — here’s why
• How ASX shares vs. property performed in January

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 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 number of ASX initial public offerings (IPOs) last year was dramatically lower than in 2022.

The ASX reports that $1.1 billion of IPO capital was raised among 45 IPO listings in 2023. The five-year average for ASX IPOs is $5.4 billion among 120 listings per year.

But the total quoted market capitalisation from all new market entrants in 2023 was higher than in 2022.

The total for IPOs, demergers, and new dual and direct listings was $33.7 billion, up 8% from the previous year.

In an article published on asx.com.au today, Alice Nguyen from ASX Listings said this was a global trend because growth companies faced strong economic headwinds last year.

But she said ASX IPO conditions may be better this year.

The biggest ASX IPO of 2023

Redox Pty Ltd (ASX: RDX) was the largest ASX IPO last year, raising $402 million and achieving a market cap of $1.3 billion at the time of listing in July.

Redox is a family-owned chemical and ingredient distributor. The owners sold a 30% stake with the aim of raising capital for offshore expansion.

The biggest new listings by value

The most significant listing by value was the dual-listing of US mining behemoth Newmont Corporation CDI (ASX: NEM). This follows Newmont’s acquisition of ASX gold mining stock Newcrest.

Another mega-merger was the $11 billion marriage and dual listing of Livent Corp and Allkem to form new ASX lithium share, Arcadium Lithium (ASX: LTM).

A big one on the way this year is the proposed merger of Sigma Healthcare Ltd (ASX: SIG) and the unlisted Chemist Warehouse.

The deal will create an $8.8 billion ASX healthcare major, once it is completed in 2H 2024 (assuming regulatory approvals).

Top 10 ASX listings in 2023… and their share prices today

This list represents the top 10 new listings by market cap, including ASX IPOs and major mergers.

ASX share	Sector	Date of listing	Share price today	Price growth since listing
Newmont Corporation CDI (ASX: NEM)	Materials	27 Oct	$55.01	(7.6%)
Arcadium Lithium CDI (ASX: LTM)	Materials	22 Dec	$7.25	(28.2%)
Light & Wonder Inc. CDI (ASX: LNW)	Consumer discretionary	22 May	$126.22	38.6%
Abacus Storage King Stapled Securities (ASX: ASK)	Real estate	1 Aug	$1.17	(4.8%)
Freightways Group Ltd (ASX: FRW)	Industrials	14 Sept	$7.83	(0.75%)
Redox Pty Ltd (ASX: RDX)	Industrials	3 Jul	$2.29	(8.8%)
Brazilian Rare Earths Ltd (ASX: BRE)	Materials	21 Dec	$1.71	(5%)
Nido Education Ltd (ASX: NDO)	Consumer discretionary	16 Oct	97 cents	(3%)
VHM Ltd (ASX: VHM)	Materials	9 Jan	64 cents	(50.4%)
Acusensus Ltd (ASX: ACE)	Information technology	12 Jan	88 cents	12.8%

The post Fewer ASX IPOs in 2023, but here’s how they’ve performed appeared first on The Motley Fool Australia.

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More reading

• Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• 5 things to watch on the ASX 200 on Monday

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

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DUG Technology Ltd (ASX: DUG) shares are catching the eye on Friday afternoon.

At the time of writing, the ASX All Ords tech share is up 9% to a new 52-week high of $2.34.

Why is this ASX All Ords share jumping?

Investors have been buying the analytical software development company’s shares after it released an announcement after lunch.

In case you’re not familiar with DUG Technology, it delivers innovative software products and cost-effective, cloud-based high-performance computing (HPC) as a service backed by tailored support for technology onboarding.

Its expertise in algorithm development and code optimisation allows its clients to leverage big data and solve complex problems. These clients come from a diverse range of industries including radio-astronomy, biomedicine, and meteorology, as well as the resource, government, and education sectors.

What was the announcement?

This afternoon the ASX All Ords share announced that it has deployed 600 new Intel Xeon CPU Max Series machines.

In addition, it is investing in 1,500 AMD EPYCTM Genoa machines costing US$18.2 million to support the growth of its Services business line. It notes that it has executed a letter of intent received from First National Capital to lease the compute.

The ASX All Ords share’s managing director, Dr Matthew Lamont, was very pleased with the news. He said:

It is very exciting to see our HPC capabilities grow in response to the increasing demand for our services. The Intel machines are already benefiting our active MP-FWI projects. The AMD machines are needed to accelerate delivery of both current and imminent projects, and to support the unprecedented demand we continue to see moving forward. These are exciting times indeed.

DUG Technology shares are now up 170% over the last 12 months.

The post Why is this ASX All Ords share leaping 9% on Friday? appeared first on The Motley Fool Australia.

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More reading

• Which ASX 200 dividend stock is tipped to pay almost double this year?
• 5 ASX mining shares with projects being spruiked by the Australian Federal Government
• My top ASX uranium stock pick to cash in on production woes
• Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling
• Why Capricorn Metals, Deep Yellow, Pinnacle, and Playside shares are jumping 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 recommended Dug Technology. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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ASX mining shares including Core Lithium Ltd (ASX: CXO) and Iluka Resources Limited (ASX: ILU) are featured in the Federal Government’s Australian Critical Minerals Prospectus released this week.

The prospectus showcases 52 high-quality, investment-ready critical minerals projects that the government hopes will attract further local and international investment.

Let’s check out which ASX mining shares have projects being spruiked by the government.

5 ASX mining shares with projects in the prospectus

The prospectus forms part of the Critical Minerals Strategy 2023-2030.

The strategy aims to make Australia a globally significant producer of raw and processed critical minerals.

The purpose of the prospectus is to attract investment from local and global investors to help Australia develop new mines and build the new industries it needs to become a renewable energy superpower.

Here are five ASX mining shares featured in the prospectus:

Core Lithium Ltd (ASX: CXO)

Core Lithium is Australia’s newest lithium producer. The government is spruiking its BP33 underground mine, which is currently the subject of an updated Feasibility Study ahead of a final investment decision (FID) due in the first quarter of 2024.

The Core Lithium share price is 19 cents, down 1.54% today and down 83.3% over the past 12 months.

Liontown Resources Ltd (ASX: LTR)

In the prospectus, the government tells investors that Liontown’s Kathleen Valley hard-rock lithium project is world-class in scale and economics, with first production due in mid-2024. The government tells investors that Liontown will deliver US Inflation Reduction Act-compliant material to Tier 1 customers.

According to the prospectus:

Liontown is progressing studies into downstream processing options to convert spodumene concentrate into higher grade outputs. The Company is ideally positioned to be a fully integrated lithium producer to capture long-term value from mine to end-use in the EV market.

The ASX lithium mining share is currently fetching 98 cents. It’s down 1.01% today and down 37.8% over the past 12 months.

Iluka Resources Limited (ASX: ILU)

The government is seeking funding to help Iluka build the Eneabba Refinery, Australia’s first fully integrated rare earths refinery. It is due for commissioning in late 2025.

Also featured was Iluka’s high-grade Balranald critical minerals deposit. It contains significant amounts of rutile, zircon, and other rare earths. Iluka began construction in August and expects this to take 18 months. Commissioning is currently scheduled for Q1 2025.

The ASX mining share is currently worth $7.20, up 1.7% today and down 36.1% over the past 12 months.

Neometals Ltd (ASX: NMT)

Neometals owns one of the world’s largest and highest-grade hard-rock titanium and vanadium deposits.

The government says the company is open to discussions regarding project equity ownership, joint venturing, project financing and offtake for the Barrambie project. With a significant Mineral Resource Estimate and Ore Reserve, and a pre-feasibility study completed last May, the project is mine-ready.

The Neometals share price is 14 cents, down 2.14% today and down 83.5% over the past 12 months.

Renascor Resources Ltd (ASX: RNU)

The government is seeking backing for Renascor’s vertically integrated processed graphite operation in South Australia. It will process graphite concentrate from the company’s Siviour mine and concentrator on the Eyre Peninsula and a battery anode material (BAM) processing facility in Bolivar.

Renascor completed the BAM Feasibility Study last year.

This ASX mining share is changing hands for 7.9 cents, up 1.3% today. It has fallen 70.7% over the past 12 months.

Updates to the Critical Minerals List

In addition to seeking private investment through the prospectus, the government has also committed $4 billion in funding for critical minerals supply chain businesses through its Critical Minerals Facility.

In December, the government also updated its Critical Minerals List. The list highlights urgently required minerals that are essential for modern green technologies, economies and security.

The government considers them crucial to our own transition to net-zero emissions. They are also important for the development of our advanced manufacturing industry.

In the recent update, the government added fluorine, molybdenum, arsenic, selenium, and tellurium to the list and removed helium.

The government has also introduced a Strategic Minerals List.

This list comprises six minerals considered important for the global energy transition but which are not currently in short supply. They are copper, nickel, aluminium, phosphorous, tin, and zinc.

Minister for Trade and Tourism, Don Farrell said:

Australia is on the cusp of a golden age in critical minerals development.

This Prospectus showcases many game-changing Australian critical minerals opportunities for international investors. We have an abundance of minerals with a strong regulatory environment, and a range of free trade agreements with countries in need of our resources.

The post 5 ASX mining shares with projects being spruiked by the Australian Federal Government appeared first on The Motley Fool Australia.

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More reading

• Have Core Lithium shares finally reached a bottom now?
• Where will the bottom be for the scorched lithium price?
• Uh oh! Does this spell more bad news for ASX 200 lithium shares?
• Liontown share price slips as plunging lithium price outweighs pending maiden production
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Bronwyn Allen has positions in Core Lithium. 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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You’ve likely noticed that ASX uranium stocks are getting a lot of attention of late.

And for good reason.

Uranium shares have been booming over the past year amid soaring uranium prices.

Yellowcake is now trading for around US$106 per pound. That’s more than double the roughly US$50 that same pound was worth a year ago.

The huge price spike comes as an ever-growing number of nations are building, or planning to build, new nuclear power plants to provide reliable, emissions-free baseload power. At the recent United Nations Cop28 climate conference in Dubai, 22 nations pledged to triple their nuclear power capacity.

That’s seeing demand surge faster than producers can increase their supplies.

Today ASX uranium stocks are getting another big boost following an overnight update from Kazakhstan-based Kazatomprom.

The world’s top uranium producer reiterated concerns that supply issues with sulphuric acid, crucial for its ISR uranium mining method, will impact its production levels in 2024.

With that said…

Why this ASX uranium stock tops my list

While there are a number of quality miners to choose from, S&P/ASX 200 Index (ASX: XJO) uranium stock Boss Energy Ltd (ASX: BOE) tops my list of ASX uranium stocks to cash in on the ongoing production woes.

Boss Energy, with a market cap of $2.5 billion, is primarily focused on its Honeymoon Uranium Project, located in South Australia.

As you can see in the above chart, the Boss Energy share price has rocketed 128% over the past 12 months. And shares are already up 40% in 2024.

That massive growth saw the ASX uranium stock added to the ASX 200 as part of the December 2023 quarterly rebalance. This should offer some added support, opening the door to more fund managers, often limited to the larger end of the market, to invest in Boss.

It was also pleasing to see Boss commence its first mining activities at Honeymoon in October.

And the ASX uranium stock is set to become a multi-mine uranium producer after acquiring 30% of the Alta Mesa Project in the United States earlier in December.

“This project has many key similarities to Honeymoon and will enable us to diversify our production base on both a project and geographical basis while driving growth in our production and cashflow,” Boss Energy managing director Duncan Craib said of the acquisition.

The past quarter also saw Boss enter into its first binding sales agreement with a major publicly listed US power utility. The agreement will see the company sell 1 million pounds of uranium from Honeymoon over a seven-year period. That’s set to commence in 2025, with uranium to be sold at market-related prices.

Boss Energy’s balance sheet is also quite strong.

As at 31 December, the ASX 200 uranium stock had no debt, cash of $227 million and a uranium stockpile valued at $202 million.

The post My top ASX uranium stock pick to cash in on production woes appeared first on The Motley Fool Australia.

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More reading

• Why are these 5 ASX uranium shares racing higher again today?
• How ASX shares vs. property performed in January
• These were the best performers on the ASX 200 in January
• If you’d put $40,000 in this ASX uranium stock 5 years ago, you’d have $600,000 now
• Why Boss Energy, Calix, Frontier Digital, and Gold Road shares are falling today

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 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 end the week on a high. At the time of writing, the benchmark index is up 1.4% to 7,694.6 points.

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

AGL Energy Limited (ASX: AGL)

The AGL share price is down 3.5% to $8.23. This appears to have been driven by a broker note out of Macquarie today. Its analysts have downgraded the energy giant’s shares to a neutral rating with a reduced price target of $9.30. The broker believes that AGL’s earnings will fall through to FY 2026 unless electricity prices return to long-term averages. In addition, it notes that the anticipated surge in summer usage is not emerging.

Arcadium Lithium (ASX: LTM)

The Arcadium Lithium share price is down 3.5% to $7.26. This follows a poor night of trade for the lithium miner’s shares on Wall Street on Thursday. This latest gain means that the company’s shares have lost a third of their value since the start of 2024.

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price is down 7.5% to a new 52-week low of 94.2 cents. This morning the mineral exploration company announced that its non-executive director, Morgan Ball, has announced his intention to resign. Mr Ball is Chalice’s longest serving non-executive director. He is resigning from the company to dedicate more time to his other roles.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is down 2.5% to 76.2 cents. This has been driven by the nickel producer’s shares going ex-dividend for its unfranked final dividend of 2.5 cents per share. This will be paid to eligible shareholders later this month on 19 February.

The post Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling appeared first on The Motley Fool Australia.

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More reading

• Is the AGL share price a buy before its half-year results drop?
• 3 ASX All Ords shares with ex-dividend dates in the next week
• Here are the top 10 ASX 200 shares today
• This ASX 200 stock has rocketed 42% in six days. Here’s why
• Here are the top 10 ASX 200 shares 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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie 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 S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher on Friday. In afternoon trade, the benchmark index is up 1.1% to 7,671.4 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are jumping.

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is up 4% to $4.69. This follows a strong session for gold miners and the release of a bullish broker note out of Bell Potter. In respect to the latter, its analysts have retained their buy rating and lifted their price target on the gold miner’s shares to $5.95.

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is up 15% to $1.72. Investors have been buying Deep Yellow and other ASX uranium shares today after the world’s largest uranium miner, Kazatomprom, warned that its 2025 production could fall short of guidance. Kazatomprom’s production plans are likely to be impacted by construction delays and sulphuric acid shortages. The latter is used for extracting the chemical element.

Pinnacle Investment Management Group Ltd (ASX: PNI)

The Pinnacle share price is up 9% to $10.90. This has been driven by the release of the investment management company’s half year results. Pinnacle posted a net profit after tax of $30.2 million. This was down slightly from $30.5 million during the prior corresponding period. A fully franked interim dividend of 15.6 cents per share was declared. That’s in line with last year’s interim dividend.

Playside Studios Ltd (ASX: PLY)

The Playside share price is up 7% to 83.5 cents. This morning, this high-flying games developer announced that Fumi Games’ Mouse is the latest title to be signed to its publishing division. The company nots that the official gameplay trailer was released in December and has received 20 million total views across tier one gaming news channels and social media. It is due to be released in 2025.

The post Why Capricorn Metals, Deep Yellow, Pinnacle, and Playside shares are jumping today appeared first on The Motley Fool Australia.

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More reading

• Why are these 5 ASX uranium shares racing higher again today?
• Guess which ASX 200 gold share Bell Potter says is a buy with almost 30% upside
• Up 18% today. Is it too late to buy Deep Yellow shares?
• Pinnacle share price leaps 9% as funds swell above $100 billion
• Brokers name 3 ASX shares to buy now

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 Pinnacle Investment Management Group. The Motley Fool Australia has positions in and has recommended Pinnacle Investment Management 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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