On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week on a positive note. The benchmark index rose 0.6% to 7,223 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise again on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 15 points or 0.2% higher. In the United States, the Dow Jones was up 1% and the S&P 500 rose 0.4%, but the NASDAQ fell 0.3%.

Oil prices jump

Energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have good session after oil prices jumped. According to Bloomberg, the WTI crude oil price is up 6.3% to US$80.45 a barrel and the Brent crude oil price is up 6,3% to US$84.93 a barrel. Oil prices surged higher on Monday after OPEC announced a surprise production cut.

RBA meeting

It is the first Tuesday of the month, which means the Reserve Bank of Australia will be meeting to discuss the cash rate. According to the latest cash rate futures, the market is pricing in a 100% probability of rates remaining unchanged at 3.6%. Should the central bank do anything else, expect a reaction from the ASX 200 index.

Gold price pushes higher

It could be a decent day for gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.85% to US$2,003 an ounce. A softer dollar and concerns over the impact of OPEC’s production cut on economic growth boosted the precious metal.

Sonic named as a buy

The Sonic Healthcare Limited (ASX: SHL) share price could be in the buy zone according to analysts at Morgans. This morning, the broker has retained its add rating with an improved price target of $37.80. It said: “We believe SHL has turned the corner on the pandemic and is in a strong position, with solid base business growth and effective cost outs, along with Covid-19 testing (at some level) and ample liquidity for capital management and M&A.”

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Leading brokers name 3 ASX shares to buy today
• 7 ASX 200 stocks smashing new 52-week highs on Monday
• Why did the Telstra share price beat the ASX 200 in March?
• 5 things to watch on the ASX 200 on Monday

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 Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Are you looking for ASX 200 dividend shares to buy? If you are, you may want to check out the two buy-rated shares listed below that have been tipped to provide attractive yields.

Here’s what you need to know about these ASX dividend shares today:

Elders Ltd (ASX: ELD)

This agribusiness company could be an ASX 200 dividend share to buy right now.

That’s the view of analysts at Goldman Sachs, which believe that recent share price weakness has created a buying opportunity for investors. The broker highlights that “the fundamentals of this company remain unchanged, and strong in our view.” It also believes that “ELD is very well positioned to grow through the cycle.”

The broker has a conviction buy rating and $18.40 price target on the company’s shares at present.

As for dividends, Goldman is forecasting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $8.51, this will mean yields of 6.2% and 6.7%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be in the buy zone is Telstra.

Analysts at Morgans are very positive on the telco giant due to its successful turnaround via the T22 strategy, its new growth strategy, the recently approved restructure, and positive industry conditions.

The broker highlights that “telco has the strongest tailwinds in a decade with an increasingly rational market, price rises across the majors and the criticality of telco increasingly recognised.”

In respect to dividends, Morgans is expecting Telstra to pay fully franked 17 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.22 this equates to yields of 4%.

Morgans has as an add rating and $4.70 price target on the company’s shares.

The post Brokers say Telstra and this ASX 200 dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• 7 ASX 200 stocks smashing new 52-week highs on Monday
• Why did the Telstra share price beat the ASX 200 in March?
• For $400 in monthly passive income, buy 28,236 shares of this ASX 200 stock
• The latest Telstra dividend is being paid today. Here’s the lowdown

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 positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Elders. 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 ended up being a top day for the S&P/ASX 200 Index (ASX: XJO) during Monday’s session. By the close of trading, the ASX 200 had risen by a healthy 0.63% at 7,223 points. But one ASX exchange-traded fund (ETF) did even better than that. Yes, the Vanguard MSCI  Index International Shares ETF (ASX: VGS) had a great day, finishing up at $99.70 a unit, a market-beating rise of 1.24%. 

But that’s not all. This ETF also hit a new 52-week high this morning, climbing to the inherently pleasing mark of exactly $100 per unit.

That’s the Vanguard International Shares ETF’s new 52-week high. It’s also the highest this ETF has traded at since February 2022.

So why has this ETF cracked a new high today, and beat the ASX 200 in the process?

Well, this ETF doesn’t have a lot to do with ASX shares at all. The Vanguard International Shares ETF is an index fund. But one that tracks the MSCI World ex-Australia Index. This index represents more than 1,500 individual shares that hail from most of the advanced economies around the world.

You’ll find shares from the United Kingdom here, as well as from Canada, Europe, Japan, Hong Kong, Singapore and Israel, amongst others. But it is the United States and its companies that really dominate this ETF, with almost 70% of the portfolio weighting.

Its largest holdings are the likes of Apple, Microsoft, Alphabet, Amazon.com and Tesla.

So to explain why the Vanguard International Shares ETF hit a new high today, these are the companies we should look to for an explanation.

Why did the Vanguard International Shares ETF hit a new 52-week high today?

And lo and behold, the US markets had a cracking session on Friday night (our time). The S&P 500 Index (SP: .INX) rose by 1.44% for a start. And many of this ETF’s top holdings had an even better time. For example, Apple shares were up 1.56%, Alphabet’s Class A shares rose by 2.8%, and Tesla stock rocketed by an impressive 6.24%.

So with numbers like that coming in for many of this ETF’s top holdings, it was always going to have a happy day today.

The Vanguard MSCI Index International Shares ETF is now up a healthy 9.49% year to date:

The post Why did the Vanguard MSCI Index International Shares ETF just hit a new 52-week high? appeared first on The Motley Fool Australia.

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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet, Amazon.com, Apple, Microsoft, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon.com, Apple, Microsoft, Tesla, and Vanguard Msci Index International Shares ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. 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, Amazon.com, Apple, and Vanguard Msci Index International Shares 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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What a start the S&P/ASX 200 Index (ASX: XJO) is having to this week’s trading today. After giving investors a five-out-of-five week of gains last week, the ASX 200 has again lifted this Monday. This has led to the ASX 200, and the exchange-traded funds (ETFs) that track it, higher by around 0.5%. But one ASX ETF is doing far better than that. 

The VanEck Morningstar Wide Moat ETF (ASX: MOAT) has had a very pleasing year in 2023 so far, rising by almost 15.5% year to date and hitting several new all-time record highs along the way. The latest high has come just today.

At the time of writing, Wide Moat ETF units are trading at $111.49 each, up 1.64% so far. But earlier this morning, this ASX ETF hit a high of $111.89 per unit. That’s both this ETF’s new 52-week high and all-time high.

So why has this ETF outperformed the ASX 200, both today and over the year so far?

Well, the Wide Moat ETF is not an ETF that invests in ASX shares, despite being listed on our ASX share market. Instead, it is an actively-managed fund that tracks a basket of only US shares. Not just any US shares though. To qualify for this ETF’s investment universe a company must display characteristics of a ‘wide moat’.

A moat is a concept popularised by the legendary investor Warren Buffett. It refers to the intrinsic competitive advantage (or advantages) that most of the best companies in the world possess. This advantage is anything that helps a company fend off its competition (hence the moat).

It could be a strong and powerful brand, like the ones that Apple or Coca-Cola possess. It could be a cost advantage in an industry, perhaps best illustrated by the cheap groceries that Woolworths Group Ltd (ASX: WOW) can offer.

Another example would be possessing an asset that others are willing to pay to use, due to a lack of alternatives. The simplest example of this kind of moat would be the toll roads that Transurban Group (ASX: TCL) owns and operates.

Wide Moat ETF lifts to new all-time ASX high

The Wide Moat ETF attempts to bandle a collection of companies together in its portfolio that all possess indications of a moat. Some of its top holdings include names like Meta Platforms, Adobe, Boeing, Walt Disney and Buffett’s own Berkshire Hathaway.

So the performance of the US markets at the end of last week probably explains why this ETF is at another new all-time high today. Last Friday, the S&P 500 Index (SP: .INX) rose by an impressive 1.44%. Apple did even better, rising by 1.56%. Meta stock was up almost 2%, and Disney shares by more than 2%.

So it’s not hard to see why the value of this ETF is also rising today.

The Wide Moat ETF does have a rather impressive history of delivering returns to its investors. As of 28 February, the fund has returned an average of 15.1% per annum over the past five years, and 14.65% per annum since its inception in 2015:

The VanEck Morningstar Wide Moat ETF charges a management fee of 0.49% per annum.

The post It’s another day, another all-time high for this Buffett-esque ASX ETF appeared first on The Motley Fool Australia.

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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 Sebastian Bowen has positions in Adobe, Apple, Berkshire Hathaway, Boeing, Coca-Cola, Meta Platforms, VanEck Morningstar Wide Moat ETF, and Walt Disney. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adobe, Apple, Berkshire Hathaway, Meta Platforms, and Walt Disney. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2024 $145 calls on Walt Disney, long January 2024 $420 calls on Adobe, long January 2024 $47.50 calls on Coca-Cola, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, short January 2024 $430 calls on Adobe, and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Adobe, Apple, Berkshire Hathaway, Meta Platforms, VanEck Morningstar Wide Moat ETF, and Walt Disney. 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 kicking off the trading week on another positive run so far this Monday. After a phenomenal week last week which saw the ASX 200 rise for five days in a row, it looks like investors are in the mood to keep the party going today. At the time of writing, the Index has lifted by another 0.5% to around 7,215 points.

So time now to dig a little deeper into the shares that are dominating today’s market moves and topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Telstra Group Ltd (ASX: TLS)

First up today is the ASX 200 telco Telstra. So far this Monday, a decent 10.2 million Telstra shares have been phoned home. There hasn’t been any fresh news from the company this session. But that hasn’t stopped the Telstra share price from having a stunning day.

The telco hit a new 52-week high of $4.24 a share this morning but is now sitting flat at $4.22 a share at present. It’s this new 52-week high that is probably why we are seeing Telstra on this list today.

Pilbara Minerals Ltd (ASX: PLS)

From TLS to PLS. Next up is the ASX 200 lithium leader Pilbara Minerals. At this point of today’s trading, a hefty 23.05 million Pilbara shares have been exchanged on the markets. We haven’t heard much out of Pilbara today either.

But that hasn’t stopped investors from signalling out this company’s shares for some market-defying punishment today. Investors don’t seem in the mood of making time for lithium stocks, judging by Pilbara’s shares taking a nasty 2.8% so far to $3.83 each. It’s this sizeable loss that has probably resulted in Pilbara’s high volumes.

Sayona Mining Ltd (ASX: SYA)

Our final ASX 200 share worth taking stock of this Monday is another lithium company in Sayona Mining. A whopping 38.42 million Sayona shares have changed hands as it currently stands today. This looks like a very similar situation to that of Pilbara.

As an ASX 200 lithium share, Syaona is also bucking the market today with a hefty loss. In this shares’ case, we are looking at a rather depressing 3.9% sell-off, putting Sayona down to 20 cents a share. It’s this dive in value that is probably behind these elevated trading figures.

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

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More reading

• Could this further cloud the outlook for ASX 200 lithium shares?
• 7 ASX 200 stocks smashing new 52-week highs on Monday
• Why Austal, Netwealth, Perseus, and Pilbara Minerals shares are dropping
• These are the 10 most shorted ASX shares this week
• Why did the Telstra share price beat the ASX 200 in March?

Motley Fool contributor Sebastian Bowen has positions in Telstra Group. 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 positions in and has recommended Telstra 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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S&P/ASX 200 Index (ASX: XJO) lithium shares counted amongst the hottest stocks to have in your portfolio through much of 2022.

That’s because the rapid growth in EVs and the lithium-ion batteries that power them saw the demand for lithium outpace new supply to the market. Which in turn saw the price of the battery-critical metal notch all-time highs back in November.

As you’d expect, that was good news for investors in the big lithium stocks.

Yet, 2023 has seen the leading ASX 200 lithium shares fall back to earth. As new supplies are hitting the market, with further increases forecast, lithium prices have roughly halved since November’s peak.

Despite a big surge amongst most lithium companies last Tuesday – spurred by US-based lithium giant Albemarle Corporation’s (NYSE: ALB) takeover proposal of Liontown Resources Ltd (ASX: LTR) – the blue-chip lithium stocks are vastly trailing the benchmark over the past month.

The ASX 200 is down 0.8% since this time last month.

Here’s how these ASX 200 lithium shares have performed over that same period:

• Pilbara Minerals Ltd (ASX: PLS) shares are down 8.7%
• Core Lithium Ltd (ASX: CXO) shares are down 9.9%
• Allkem Ltd (ASX: AKE) shares are down 5.3%
• IGO Ltd (ASX: IGO) shares are down 9.1%
• Mineral Resources Ltd (ASX: MIN) shares are down 10.4%

With that in mind, the latest compromise in the European Union’s energy transition plan could throw up some fresh headwinds for the stocks down the road.

Could this further cloud the outlook for ASX 200 lithium shares?

With a population north of 445 million people and a GDP of some US$16 trillion, the EU’s world-leading charge to carbon-neutral transportation is being closely watched by the rest of the world.

Among the recent proposals that were exciting for ASX 200 lithium shares was a law that would ban the sale of new internal combustion engine (ICE) vehicles in the EU by 2035.

EVs, mostly lithium powered, were the most likely candidates to take their place.

But EU negotiators ran into a roadblock with Germany and Italy. The two member nations argued new cars should also be allowed to run on e-fuels.

These combustion engines would then be fuelled via a process that takes carbon dioxide out of the air and hydrogen out of water using renewable energy sources. While the vehicles do emit carbon dioxide when running, this is balanced by what was taken from the air in creating the e-fuel.

Now, as Reuters reports, the European Commission has caved to the demands and will create a new category for vehicles that run on e-fuels post-2035. They have yet to determine how to prevent those vehicles from tapping into conventional petrol.

To be clear, this is unlikely to upend ASX 200 lithium shares in the short to medium term. Especially as e-fuels remain a niche product and are not yet available on a commercial level or at a competitive price.

But the EU’s about-face on the legislation does highlight the reality that there is a large range of alternative ways to power the world’s vehicles into the future. And lithium-ion batteries are only one of them.

Diversify your investments accordingly.

The post Could this further cloud the outlook for ASX 200 lithium shares? appeared first on The Motley Fool Australia.

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• Why Austal, Netwealth, Perseus, and Pilbara Minerals shares are dropping
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• Buy these ASX 200 shares for massive dividends: analysts
• Top brokers name 3 ASX shares to buy next week

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 Accent Group Ltd (ASX: AX1) share price has started the week strongly.

In afternoon trade, the footwear focused retailer’s shares are up 2% to $2.42.

This latest gain means this ASX 300 share is now up 45% since the start of the year.

Can this ASX 300 share keep rising?

The good news for investors is that one leading broker believes that this ASX 300 share still has plenty of room to climb higher from current levels.

According to a note out of Goldman Sachs, its analysts have reiterated their buy rating with an improved price target of $3.10.

Based on the current Accent share price, this implies potential upside of 28% for investors over the next 12 months.

In addition, the broker is forecasting fully franked dividends per share of 15 cents in FY 2023. This boosts the total potential return by a further 6.2% to beyond 34%.

Earnings potential better than you think

Goldman is bullish on this ASX 300 share due to its belief that the market is underestimating its earnings potential. It also highlights that its target demographic is less likely to be impacted by rising rates. The broker commented:

We believe the market is underestimating the full earnings potential of AX1’s business, which comprises an attractive distribution business, a set of vertically owned brands, and a portfolio of strong retail banners. We see AX1 as well protected from a potential slowdown in discretionary spend given its exposure to a younger consumer and performance footwear.

In respect to its earnings potential, the broker highlights its store roll out opportunity and potential market share gains. It adds:

The business is yet to achieve its full earnings potential, in our view, notwithstanding a strong recovery post lockdowns. Key sources of incremental upside will be: (1) store roll out in key banners; (2) market share gains among key distributed brands; and (3) vertical product margin upside from a growing mix of apparel. We believe this can be unlocked through the more focused execution strategy prioritising core banners/brands with increased ROIC hurdles (~30%) and improved product execution, particularly in apparel.

Overall, Goldman believes this will underpin EBIT of $170.6 million by FY 2025, which is up $62.3 million from FY 2021 and 12.7% ahead of consensus estimates.

This could make Accent one to consider if you’re looking for exposure to retail sector.

The post Don’t underestimate the earnings potential of this ASX 300 share: Goldman Sachs 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 recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The PPK Group Limited (ASX: PPK) share price was having a stunning day before being slammed into a trading halt this afternoon.

The investment company’s shares were up as much as 30% to $1.23 before they were halted.

Though, this is little consolation for longer term shareholders. Even after today’s remarkable gain, this ASX share is down over 75% since this time last year.

Why is this ASX share rocketing higher?

Investors were bidding this ASX share higher today after one of its major investments revealed that a material announcement would be coming this week.

That investment is in fellow ASX share, Li-S Energy Ltd (ASX: LIS). It is a battery technology company that is aiming to develop new lithium sulfur and lithium metal batteries to power the world’s future energy needs.

This morning, Li-S Energy requested a trading halt until the earlier of the commence of trade on Wednesday or the release of an announcement. The latter will be something material according to its request. It commented:

The Company requests the trading halt pending a material announcement in relation to research and development results.

Judging by the performance of the PPK share price today, some investors appear to believe something exciting will be announced that drives the Li-S Energy share price higher, dragging the PPK share price along with it.

At the last count, PPK owned approximately 45% of Li-S Energy. This values its investment at roughly $19.2 million. As a comparison, following its strong gain today, the PPK market capitalisation now stands at almost $110 million.

On Wednesday (or potentially earlier) we will find out whether this news was worthy of driving this ASX share 30% higher today.

The post Guess which ASX share just rocketed 30% before being halted appeared first on The Motley Fool Australia.

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• Guess which ASX All Ords share is rocketing 20% on lithium battery news

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

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

ALS Ltd (ASX: ALQ)

According to a note out of Goldman Sachs, its analysts have initiated coverage on this testing services company’s shares with a buy rating and $14.60 price target. Goldman feels confident about ALS’ outlook. This is due to its belief that the company is positioned to benefit from short-term mining exploration and long-term green metals trends. The ALS share price is trading at $12.57 on Monday.

Karoon Energy Ltd (ASX: KAR)

A note out of Morgans reveals that its analysts have retained their add rating on this energy producer’s shares with an improved price target of $3.80. This follows news that the company’s second production well at Patola has come online ahead of expectations. Outside this, the broker believes its shares are thoroughly undervalued and that investors should be taking advantage of this to snap them up. The Karoon Energy share price is fetching $2.30 this afternoon.

Lynas Rare Earths Ltd (ASX: LYC)

Analysts at Bell Potter have upgraded this rare earths producer’s shares to a buy rating with a trimmed price target of $8.06. Although the broker acknowledges that there are some near term earnings risks to consider, it feels the recent Tesla-induced selloff has been an overreaction. Bell Potter sees multiple long-term growth pathways underpinned by arguably the best rare-earth deposit at Mt Weld. The Lynas share price is trading at $6.55 today.

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

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More reading

• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Why ALS, Centaurus Metals, Pilbara Minerals, and Westgold shares are rising today
• 5 things to watch on the ASX 200 on Tuesday
• Why is the Lynas share price down 25% in a month?

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

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a solid gain. At the time of writing, the benchmark index is up 0.65% to 7,225.2 points.

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

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price has jumped 35% to 61.5 cents. This morning, EOS revealed that its Defence Systems business has secured a contract with SpetsTechnoExport, a Ukrainian state-owned foreign trade enterprise. The deal will see EOS supply SpetsTechnoExport with up to 100 heavy remote weapon systems (RWS).

Lake Resources N.L. (ASX: LKE)

The Lake Resources share price is up 10.5% to 49.2 cents. This has been driven by the release of an update on the lithium developer’s Kachi operation in Argentina. Lake revealed that independent testing of lithium carbonate produced from Kachi with its Lilac DLE technology has confirmed grades and purity greater than 99.8%.

Tyro Payments Ltd (ASX: TYR)

The Tyro share price is up 8% to $1.55. This appears to have been driven by speculation that Tyro could be about to receive another takeover approach from Potentia Capital Management. The two parties are currently in discussions in relation to a possible change of control transaction.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is up 3% to $34.37. Investors have been buying Woodside and other energy shares on Monday after OPEC announced a surprise production cut. This has sent oil prices surging higher during Asian trade. It has also driven the S&P/ASX 200 Energy index 2.6% higher this afternoon.

The post Why EOS, Lake Resources, Tyro, and Woodside shares are racing higher today appeared first on The Motley Fool Australia.

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setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
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More reading

• Electro Optic Systems share price rockets 53% on Ukraine deal
• Why are ASX 200 energy shares off to such a great start on Monday?
• Why is the Lake Resources share price rocketing 19% on Monday?
• Down 27% in a month, is the Lake Resources share price finally cheap enough to buy?
• Why Appen, Harvey Norman, Healthco, and Lake shares are dropping today

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