• 2 fantastic ETFs for ASX investors to buy in February

    The letters ETF sit in orange on top of a chart with a magnifying glass held over the top of it

    The letters ETF sit in orange on top of a chart with a magnifying glass held over the top of itIf you’re wanting to invest but aren’t sure which shares to buy, then exchange traded funds (ETFs) could be a good option.

    This is because ETFs allow you to buy a large number of shares through a single investment.

    But which ETFs could be top options right now? Here are two that could be worth considering:

    BetaShares Global Energy Companies ETF (ASX: FUEL)

    The first ETF for investors to look at this month is the BetaShares Global Energy Companies ETF.

    As its name implies, this ETF provides investors with an easy way to gain exposure to the energy sector, which is benefiting greatly from high oil prices at present.

    In fact, just yesterday Shell reported its highest profits in its 115-year history. The energy giant doubled its full year earnings to a whopping US$39.9 billion.

    The good news is that Shell is one of the leading energy producers that the ETF gives investors access to. Other holdings include fellow energy giants BP, Chevron, ConocoPhillips, ExxonMobil, Phillips 66, and Total.

    iShares S&P 500 ETF (ASX: IVV)

    Another ETF for investors to look at in February is the iShares S&P 500 ETF.

    This ETF gives investors easy access to Wall Street’s famous S&P 500 Index. This index is the benchmark in the United States and covers a wide range of sectors including energy, real estate, healthcare, and tech.

    This means that buying this ETF provides almost instant diversification for a portfolio.

    Among the 500 companies included in the fund are household names and industry giants. These include Amazon, Apple, Warren Buffett’s Berkshire Hathaway, Facebook (Meta), JP Morgan, Johnson & Johnson, Mastercard, Microsoft, Tesla, Visa, and Walmart.

    The post 2 fantastic ETFs for ASX investors to buy in February appeared first on The Motley Fool Australia.

    Record ETF surge sees global assets predicted to reach US$18 trillion

    Despite recent market volatility, ETFs are seeing a record breaking surge in popularity.

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    *Returns as of February 1 2023

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    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 iShares S&p 500 ETF. 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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  • Brokers name 3 ASX shares to buy now

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    A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of herIt has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

    Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    CSL Limited (ASX: CSL)

    According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $354.00 price target on this biotherapeutics giant’s shares. This follows the release of an update from rival Takeda, which appears to indicate that the immunoglobulins market is strengthening. As a result, the broker believes that the key CSL Behring business is well-placed to deliver strong top line growth in FY 2023. The CSL share price is trading at $312.71 on Friday.

    James Hardie Industries plc (ASX: JHX)

    Analysts at Goldman Sachs have initiated coverage on this building products company’s shares with a buy rating and $40.50 price target. While Goldman notes that near-term risks remain skewed to the downside, it believes the market has already priced in a trough in James Hardie’s earnings in FY 2024. Its analysts feel that this provides cyclical upside to the current share price. The James Hardie share price is fetching $34.56 today.

    Megaport Ltd (ASX: MP1)

    A note out of Morgans reveals that its analysts have retained their add rating on this network as a service company’s shares with a trimmed price target of $8.25. While Morgans acknowledges that it is difficult to know if the current declining sales momentum will persist, it appears optimistic it will only be a short term thing. In light of this, it sees value in Megaport’s shares for those with a higher risk profile. The Megaport share price is trading at $5.99 this afternoon.

    The post Brokers name 3 ASX shares to buy now appeared first on The Motley Fool Australia.

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    *Returns as of February 1 2023

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    Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Megaport. The Motley Fool Australia has recommended Megaport. 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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  • Why is the Novonix share price having such a stellar end to the week?

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    A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.

    The Novonix Ltd (ASX: NVX) share price is ending the week in a positive fashion.

    In afternoon trade, the battery materials technology company’s shares are up 2% to $1.87.

    Why is the Novonix share price ending the week strongly?

    Investors have been bidding the Novonix share price higher today despite there being no news out of the company.

    However, it is worth noting that the company’s shares have been in fine form in recent weeks, so today’s gain appears to be a continuation of that.

    For example, since the start of the year, the Novonix share price is up 27%. This is almost quadruple the return of the ASX 200 index, which is up 7.3% over the same period.

    Though, it is worth remembering that the company’s shares were hammered in 2022. As a result, as you can see on the chart below, shareholders are still sitting on a paper loss of 71% over the last 12 months.

    Can it keep rising?

    With sentiment continuing to improve in the battery materials industry and interest rates close to peaking, there’s certainly potential for the Novonix share price to keep rising.

    Morgans, for example, has a speculative buy rating and $3.11 price target on its shares. This implies potential upside of approximately 65% between now and this time next year.

    Though, it is worth highlighting the word “speculative” in the broker’s recommendation. Novonix is high up on the risk scale in an already risky part of the market.

    The post Why is the Novonix share price having such a stellar end to the week? appeared first on The Motley Fool Australia.

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    *Returns as of February 1 2023

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

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  • Up 35% so far in 2023, is the Novonix share price on the road to recovery?

    road in the country with word recovery printed on itroad in the country with word recovery printed on it

    The Novonix Ltd (ASX: NVX) share price sure has put on a stellar performance in 2023 so far.

    In early afternoon trading, the battery technology and materials company is trading up 4.6% to $1.92.

    But check this out. Since the start of the year, Novonix shares have ascended 35.5%. That compares to an 8.6% leap by the S&P/ASX All Ordinaries Index (ASX: XAO).

    So, is Novonix on the comeback trail after a shocker in 2022, when its shares plummeted 84%?

    Why is the Novonix share price soaring this year?

    The only price-sensitive news out of this ASX tech stock so far this year is its December quarterly report, which was released on Tuesday.

    As my colleague Brooke reported, the company spent US$18 million in cash and made US$2.17 million in receipts. As of 31 December, Novonix had a $99 million cash balance.

    Investors weren’t happy with the report and sold off Novonix shares heavily. The Novonix share price lost 6.2% on the day and it closed at $1.815.

    But there must be something giving the stock this great momentum in the new year. A 35% bump in the share price is pretty impressive.

    So, let’s take a look at the latest positive news from the company.

    Over the December quarter:

    • Novonix officially opened its cathode pilot facility in Canada. It has now got all the required equipment, and during 1H 2023, it will be testing out its all-dry cathode synthesis technology
    • The company received a US$150 million grant to help with the expansion of its anode materials division. It also formally applied for another loan with the Department of Energy
    • It progressed engagements with tier 1 cell and automotive manufacturers through material sampling and qualification
    • Novonix continued work at its Riverside facility ahead of the start of production. It already plans to increase Riverside’s output targets to meet its supply agreement with KORE
    • In its battery tech business, Novonix increased its cell prototyping capacity and launched a new proprietary cell testing and analytics software service for battery research and development

    What’s the outlook for Novonix?

    Novonix has operations in both Canada and the United States. It provides advanced, high-performance materials, equipment, and services for the global lithium-ion battery industry.

    It’s already selling its products and services across 14 countries but the US is its primary focus.

    There’s no question Novonix has a huge addressable market. Millions of tonnes of anode and cathode material will be needed to service the burgeoning North American electric vehicle (EV) market. According to BloombergNEF, more than 50% of new car sales in the US will be EVs by fiscal 2030.

    What makes Novonix unique is it claims to create materials and technologies to support longer-life and lower-cost batteries.

    If the support that the Novonix share price has received so far in 2023 is any guide, investors might be thinking the worst of the company’s recent troubles are behind them.

    The post Up 35% so far in 2023, is the Novonix share price on the road to recovery? appeared first on The Motley Fool Australia.

    Trillion-dollar wealth shifts: first the Internet … to Smartphones … Now this…

    While that’s a huge claim…

    It may explain why Google, Apple, Microsoft, Amazon and Facebook are all scrambling to dominate this groundbreaking technology.

    And with five of the largest companies in the world pouring billions into it… You may wonder…

    How can investors like me make the most of it? The good news is, it’s still early days.

    Get all the details here.

    Learn more about our AI Boom report
    *Returns as of February 1 2023

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    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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  • Blastoff! Guess which ASX tech share has rocketed 200% in 2 days

    A man flies into the sky over a city building-scape with a rocket jet pack sketched onto his back representing the Imugene share price skyrocketing today

    A man flies into the sky over a city building-scape with a rocket jet pack sketched onto his back representing the Imugene share price skyrocketing today

    The Spacetalk Ltd (ASX: SPA) share price had a disastrous time in 2022.

    During the 12 months, the technology company’s shares lost over 80% of their value.

    The good news is that things are looking up for shareholders in 2023.

    In fact, with the tech share up 55% to 8.2 cents this afternoon, it is now up 200% from 2.7 cents in the space of two days.

    Why is this ASX tech share blasting off?

    Investors have been fighting to get hold of Spacetalk shares this week after the company announced the appointment of its new CEO.

    According to the release, Simon Crowther will take on the role from the start of next week.

    Mr Crowther was previously the CEO of patent troll company Ipernica, which eventually morphed into aerial imagery technology company Nearmap under his watch. Nearmap left the ASX boards late last year after being acquired by Thoma Bravo.

    Since leaving Nearmap, Crowther has served as the CEO of Airmap and the managing director of Yamaha Motor Ventures in Silicon Valley with a focus on Aerotech & Sustainability.

    Why join this struggling company?

    Crowther described Spacetalk as an exciting business with a lot of potential. He said:

    As soon as I met with the board and learnt more about Spacetalk I saw the opportunity to build an exciting business, target valuable sectors and execute in a focused and disciplined way. Spacetalk has an opportunity to make an impact for good as we help give children, parents, guardians, people aging in place, care recipients and their carers freedom to live their lives. I am focused on building on the progress that has been made to date and realising the full potential of the business and the team.

    Spacetalk’s Chairman, Georg Chmiel, was pleased with the appointment. He added:

    Following an extensive global search, we are pleased to announce the appointment of Simon Crowther as Spacetalk’s new CEO. Simon’s track record at Nearmap is outstanding and we are excited to see what he will achieve at Spacetalk. I’d also like to thank Saurabh Jain. As the interim CEO he has done a fantastic job of the first phase of the turnaround. Saurabh will continue as a director of the Company.

    The post Blastoff! Guess which ASX tech share has rocketed 200% in 2 days appeared first on The Motley Fool Australia.

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    *Returns as of February 1 2023

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

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  • Why did the Vanguard Australian Shares Index ETF lag the ASX 200 in January?

    Elderly couple look sideways at each other in mild disagreementElderly couple look sideways at each other in mild disagreement

    As most of us would be well aware, the S&P/ASX 200 Index (ASX: XJO) had a stunningly positive month over January. Between 31 December and 31 January, the ASX 200 went from 7,038.7 points to 7,476.7 points. That’s a jump worth a healthy 6.2%.

    But let’s check out the Vanguard Australian Shares Index ETF (ASX: VAS).

    The Vanguard Australian Shares ETF is the ASX’s most popular exchange-traded fund (ETF). It doesn’t exactly track the ASX 200, instead going for the larger S&P/ASX 300 Index (ASX: XKO). But the ASX 300 has historically gotten similar, if not slightly better, returns than the ASX 200.

    But not over January, it seems. While the ASX 200 recorded a nice 6.2% gain, Vanguard Australian Shares ETF units seemingly underperformed. The ETF ended 2022 at a price of $87.70. But by the end of last month, it has risen to only $92.44.

    Sure, that’s still a gain worth 5.4%. But it’s close to a percentage point off the broader market returns. And that’s not what ETF investors sign up for when they buy an index fund.

    So what’s going on here? Is the Vanguard Australian Shares ETF broken?

    What happened with the Vanguard Australian Shares ETF in January?

    Well, fortunately, there seems to be a relatively simple explanation here. Because ASX index funds like this Vanguard ETF hold ASX dividend shares, they also tend to pay out dividend distributions.

    In this ETF’s case, investors can look forward to a dividend distribution every quarter When an ETF pays out a dividend distribution, it goes through the same process as a normal ASX dividend share.

    There’s an ex-dividend date, followed by a payment date. As any dividend investor would know, an ex-dividend date normally results in a sharp drop in a company’s (or ETF’s) share price.

    It so happens that the Vanguard Australian Shares ETF paid out its latest dividend distribution on 18 January. The ex-distribution date for this payment was 3 January.

    This payment was worth 74.97 cents per unit, the value of which left the Vanguard unit price on 3 January. If you look carefully, you’ll be able to see it here:

    If we take the value of this distribution, we can see that it would have represented a yield of 0.87%, based on the last Vanguard unit price before the ETF went ex-distribution.

    That happens to be almost exactly the same as the shortfall between the Vanguard Australian Shares ETFs’ January performance compared to the ASX 200 Index.

    The ASX 200 Index doesn’t factor in dividend returns, so, unlike the Vanguard ETF, it didn’t fall in value in January on any dividend payments.

    So this is the most likely explanation as to why the Vanguard Australian Shares ETF ‘underperformed’ the ASX 200 Index over January. Factoring in those dividend distributions, the returns were almost identical, as investors would expect.

    So it all came out in the wash. It just doesn’t look that way by analysing the prices alone.

    The post Why did the Vanguard Australian Shares Index ETF lag the ASX 200 in January? appeared first on The Motley Fool Australia.

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    *Returns as of February 1 2023

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    Motley Fool contributor Sebastian Bowen has positions in Vanguard Australian Shares Index ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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  • Why Appen, Janus Henderson, Lithium Energy, and Pinnacle shares are charging higher

    a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

    a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. At the time of writing, the benchmark index is up 0.35% to 7,537.6 points.

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

    Appen Ltd (ASX: APX)

    The Appen share price is up 4% to $2.66. This may have been driven by optimism over the quarterly update from Meta Platforms. Given that the Facebook owner is one of Appen’s largest customers, its return to form could be good news for the artificial intelligence data services company.

    Janus Henderson Group PLC (ASX: JHG)

    The Janus Henderson share price is up 13% to $41.60. This follows the release of the fund manager’s fourth quarter update. Janus Henderson’s non-GAAP earnings per share of 61 US cents was 20 US cents ahead of consensus estimates. The company’s revenue also came in almost US$45 million higher than expectations at US$515.2 million.

    Lithium Energy Ltd (ASX: LEL)

    The Lithium Energy share price is up 7% to 89 cents. Investors have been snapping up this battery materials explorer’s shares following the release of an update on the Burke Graphite Project. That update reveals that assays have confirmed the project to be one of the world’s highest-grade deposits.

    Pinnacle Investment Management Group Ltd (ASX: PNI)

    The Pinnacle share price is up 11% to $10.40. This may have been driven by a broker note out of Morgans this morning. Although a touch underwhelmed with the investment management company’s half year results, it believes the selloff has created a good entry point for investors. As a result, the broker has upgraded Pinnacle’s shares to an add rating with a $10.75 price target.

    The post Why Appen, Janus Henderson, Lithium Energy, and Pinnacle shares are charging higher appeared first on The Motley Fool Australia.

    FREE Beginners Investing Guide

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    Yes, Claim my FREE copy!
    *Returns as of February 1 2023

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    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 Appen and 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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  • The CSL share price has boomed 13% in under a month. What’s going on?

    Three Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discoveryThree Archer Materials scientists wearing white coats and blue gloves dance together in their lab after making a discovery

    The CSL Limited (ASX: CSL) share price is one of the best performers of the S&P/ASX 200 Index (ASX: XJO) today, currently up by 2.9% to $313.42.

    In earlier trading, the ASX healthcare share hit an intraday high of $314.28 — a new 52-week best.

    This is despite news today that a rival pharmaceutical company, GSK plc (NYSE: GSK) has received approval for a competing drug from the United States Food and Drug Administration. 

    GSK’s Jesduvroq (daprodustat) is the first oral treatment for anaemia caused by chronic kidney disease (CKD) in adults receiving dialysis. It’s potentially a more appealing treatment option for patients compared with CSL’s Mircera and Retacrit drugs, which are administered by injection.

    What’s been happening with the CSL share price lately?

    If we look back over the past month, the CSL share price has accelerated by 13% since 10 January. The S&P/ASX 200 Health Care Index (ASX: XHJ) has also moved up by 10.3%.

    Over the same period, the ASX 200 has moved up by 5.75%.

    With no price-sensitive news out of CSL in 2023, we can put this recent surge down to two things.

    Firstly, there’s clearly some fresh energy in the market in the new year. That momentum is especially noticeable among the big ASX blue-chip shares.

    Secondly, as my colleague James reported yesterday, a few new broker notes have backed the CSL share price for growth in 2023.

    Morgans added CSL to its best ideas list for February with an add rating and share price target of $312.20.

    The broker reckons 2023 could be epic for the CSL share price, which has languished during the pandemic.

    The broker commented:

    A key portfolio holding and key sector pick, we believe CSL is poised to break-out this year, a COVID exit trade, offering double-digit recovery in earnings growth as plasma collections increase, new products get approved and influenza vaccine uptake increases around ongoing concerns about respiratory viruses, with shares offering good value trading around its long term forward multiple of 31.5x.

    Also this week, Morgan Stanley has reiterated its overweight rating on CSL with a $354 share price target.

    CSL share price snapshot

    Before the COVID-19 market crash, CSL shares were trading up around $340.

    During the pandemic, it fluctuated a lot, sinking beneath $250 in March 2021 and again in February 2022.

    Turns out they were the best buy the dip opportunities for CSL shares. If an investor had put $50,000 into CSL at $248.50 per share 12 months ago, they’d be sitting on a handsome $13,000 capital gain (26%).

    The post The CSL share price has boomed 13% in under a month. What’s going on? appeared first on The Motley Fool Australia.

    FREE Investing Guide for Beginners

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    Motley Fool contributor Bronwyn Allen has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. 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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  • 3 ASX All Ords shares rocketing 10% or more today

    Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.

    The weekend is nearly here and the All Ordinaries Index (ASX: XAO) is rejoicing, rising 0.33% at the time of writing.

    It’s being helped along by three All Ords shares that have each gained 10% or more today.

    What news might have put the wind beneath their wings? Let’s take a look.

    3 All Ords shares leaping more than 10% today

    The Weebit Nano Ltd (ASX: WBT) share price is back with a bang. The All Ords share surged 13% to a 52-week high of $5.64 today after returning to trade shortly before the market closed on Thursday.

    The stock was halted last week as the company sought court orders in relation to an administrative error.

    However, it hasn’t managed to hold onto all of today’s gains. Right now, shares in Weebit Nano are swapping hands for $5.52 – 10.4% higher than its previous close.

    Joining its ASX All Ords peer in posting a notable surge today is the Janus Henderson Group CDI (ASX: JHG) share price.

    It peaked at $41.92 – marking a 14.1% gain. Though, it has since slipped to trade at $41.70, 13.50% higher than it closed yesterday’s session.

    Its rise comes on the back of the company’s quarterly earnings. That’s despite its diluted earnings per share (EPS) falling 39% to US$2.60 the year ended 31 December 2022.

    Meanwhile, its assets under management (AUM) slipped 34% to US$287.3 billion over the year, but increased 5% quarter-on-quarter.

    Finally, the Pinnacle Investment Management Group Ltd (ASX: PNI) share price shot 12% higher to $10.53 earlier today. The ASX All Ords share is currently up 10.22%, trading at $10.35.

    It follows yesterday’s disastrous session, which saw the stock dump 2.7% on the back of the company’s half-year earnings.

    Its net profit after tax (NPAT) slumped 24% over the six months ended 31 December, coming in at $30.5 million.  Meanwhile, its dividend was slashed to 15.6 cents per share – an 11% decrease.

    It’s possible market watchers took yesterday’s slump as a buying opportunity, perhaps helping bump the stock higher today.

    The post 3 ASX All Ords shares rocketing 10% or more today appeared first on The Motley Fool Australia.

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    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 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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  • Why Bega Cheese, IAG, Northern Star, and Sandfire shares are dropping

    An older woman with grey hair and wearing glasses looks at her laptop screen with her hand outstretched to demonstrate that she doesn't understand what she is reading

    An older woman with grey hair and wearing glasses looks at her laptop screen with her hand outstretched to demonstrate that she doesn't understand what she is reading

    The S&P/ASX 200 Index (ASX: XJO) is on course to end the week with a decent gain. In afternoon trade, the benchmark index is up 0.3% to 7,532.2 points.

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

    Bega Cheese Ltd (ASX: BGA)

    The Bega Cheese share price is down 2.5% to $3.70. This morning, this diversified food company announced that its CEO, Paul van Heerwaarden, has exited the company today. While van Heerwaarden’s departure had been previously flagged, investors appear disappointed that the transition period wasn’t longer.

    Insurance Australia Group Ltd (ASX: IAG)

    The IAG share price is down 1% to $4.78. This follows the release of an update on its exposure to the New Zealand storms and floods. IAG revealed that it has now received more than 15,000 claims to date across its AMI, State, NZI, and partner brands.

    Northern Star Resources Ltd (ASX: NST)

    The Northern Star share price is down almost 4% to $12.71. Investors have been selling the gold miner’s shares following a pullback in the gold price overnight. It isn’t just Northern Star that is falling today. A large number of gold miners are trading lower. This has led to the S&P/ASX All Ordinaries Gold index falling 3.4% this afternoon.

    Sandfire Resources Ltd (ASX: SFR)

    The Sandfire share price is down almost 4% to $6.22. This appears to have been driven by broad weakness in the mining sector on Friday. Not even an update on the Motheo project in Botswana has been able to stop this copper miner’s shares from sinking into the red today. Management advised that construction of the initial 3.2Mtpa project is nearing completion and production is expected to ramp up from the June quarter.

    The post Why Bega Cheese, IAG, Northern Star, and Sandfire shares are dropping appeared first on The Motley Fool Australia.

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

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