The S&P/ASX 200 Index (ASX: XJO) had a pretty dreary kind of a day this Monday. The ASX 200 opened well in the green this morning, but lost all of its gains and then some by market close, finishing down by 0.16% at 7,146.3 points. But it was even worse for the Telstra Group Ltd (ASX: TLS) share price.

Telstra shares had a bit of a clanger today. The ASX 200 telco ended up down by 3.5% at $3.86 a share. It seems Telstra investors were having a bit of a Garfield moment this Monday.

So why such a decisive fall for the Telstra share price today?

Why did the Telstra share price have such a lousy start to the week?

Well, there was an announcement out from Telstra this morning, which could explain this drop.

According to the ASX release the telco put out before market open, Telstra’s group executive for transformation, communications and people, Alex Badenoch, is leaving the company. Badenoch has been at Telstra for 12 years, including six in that role.

Here’s some of what Telstra CEO Vicki Brady said on this news:

Alex was instrumental in the success of our T22 strategy and positioning Telstra as a leader in ways
of working, as well as navigating the complexity of the COVID pandemic…

Apart from her role in leading Telstra’s T22 strategy, Alex was also responsible for delivering our Pillar
3 commitments, which transformed the way we work at Telstra. This was an enormous program of
work and included shifting over 17,000 people to work in agile across the company…

Alex leaves behind a strong team with clear strategic priorities for T25 and we are confident that there is the talent, skill and drive in the team to continue going from strength to strength.

So it’s well possible that the departure of Badenoch has left Telstra shares at the forlorn state they have ended the day’s trading at. The T22 cost-cutting strategy was one that most investors welcomed, and Telstra is now carrying out its T25 successor.

Thus, it’s understandable that investors might be mourning the loss of Badenoch, a key architect of the T22 strategy.

The post Why did the Telstra share price tumble 3% today? appeared first on The Motley Fool Australia.

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More reading

• 3 reasons I think the Telstra share price can beat the ASX 200 in 2023
• Here are the 3 most traded ASX 200 shares on Monday
• Why Elders, Flight Centre, Perpetual, and Telstra shares are dropping
• Are ASX share investors getting their mojo back?
• ASX 200’s pumping Friday, but Telstra’s not. What’s going on?

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. 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 Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) closed in the red on Monday despite a strong start to the day. The index slipped 0.16% to end today’s session at 7,146.3 points.

That was despite a strong performance from the S&P/ASX 200 Materials Index (ASX: XMJ). The mining sector lifted 3.4% on Monday, led by iron ore and lithium miners.

Their gains came amid reports China will relax certain COVID-19 restrictions. Perhaps in response, iron ore futures lifted 2.9% to US$90.79 a tonne on Friday. Meanwhile, gold futures rose 0.9% to US$1,769.40 an ounce.

The S&P/ASX 200 Energy Index (ASX: XEJ) also posted a decent start to the week, lifting 0.9% amid higher oil prices.

The Brent crude oil price gained 2.5% to US$95.99 a barrel on Friday and the US Nymex crude oil price lifted 2.9% to US$88.96 a barrel.

Unfortunately, the nine remaining ASX 200 sectors ended the day in the red, with the S&P/ASX 200 Industrials Index (ASX: XNJ) leading the fall. It tumbled 2.3% as only two of its constituents posted gains.

So, with all that in mind, which ASX 200 share outperformed all others on Monday? Keep reading to find out.

Top 10 ASX 200 shares countdown

Perhaps unsurprisingly, the biggest gain on the ASX 200 today was posted by iron ore miner Champion Iron Ltd (ASX: CIA). The stock gained 12.9% despite the company’s silence.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Champion Iron Ltd (ASX: CIA)	$6.03	12.92%
Core Lithium Ltd (ASX: CXO)	$1.865	11.68%
Fortescue Metals Group Limited (ASX: FMG)	$19.55	10.08%
Sims Ltd (ASX: SGM)	$13.22	6.87%
Liontown Resources Ltd (ASX: LTR)	$2.20	6.8%
Iluka Resources Limited (ASX: ILU)	$9.96	6.64%
Sayona Mining Ltd (ASX: SYA)	$0.26	6.12%
South32 Ltd (ASX: S32)	$4.33	5.87%
Nickel Industries Ltd (ASX: NIC)	$0.94	5.62%
Lake Resources NL (ASX: LKE)	$1.175	4.91%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why did the AGL share price lag the ASX 200 on Monday?
• Why is the Lake Resources share price leaping 5% today?
• Here are the 3 most traded ASX 200 shares on Monday
• Considering buying the dip in Medibank shares? Here’s the latest on the company’s data hack woes
• Why is the Liontown share price roaring 7% higher?

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

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The Telstra Corporation Ltd (ASX: TLS) share price has the potential to beat the S&P/ASX 200 Index (ASX: XJO) return to the end of 2023, in my opinion.

The telco has managed to outperform in 2022. Despite all of the volatility, the ASX 200 has only dropped by 5.7% this year. Telstra shares have declined even less, down 5.2% this year.

Despite the economic challenges, I think the business is set up to do well in the next year. Here are some of the reasons why I hold that belief.

Good outlook for revenue resilience and growth

One of the things that may have protected the Telstra share price from a large fall this year is how defensive its revenue is. I think that households and businesses view their telecommunications service as an essential, yet inexpensive, bill to pay. The internet is integral for many things these days.

While Telstra’s current revenue seems defensive, I think there is good potential for revenue to grow in the year ahead.

The telco is adding more (mobile) subscribers every year.

Tourists are coming back to Australia, which should help increase roaming charges revenue.

For me, one of the most interesting things that could boost Telstra is the fact that it has announced that it’s going to increase mobile prices in line with CPI inflation (and this will be reviewed annually). Not only does that suggest that average revenue per user (ARPU) can increase, but inflation is running hot – so this could be a solid boost for Telstra.

Profit growth expected

Revenue growth can feed into profit growth. Net profit after tax (NPAT) is one of the most common ways for investors to value a business, so this would be helpful for the Telstra share price.

Not only is the outlook looking promising for the revenue side, but as part of its T25 strategy, Telstra is also planning to cut around $500 million of net fixed costs between FY23 to FY25. While inflation may make that goal a bit trickier, stronger inflation would be a boost for revenue. Any costs Telstra can cut are a benefit if it doesn’t affect the performance of the business.

Telstra said it’s expecting that the compound annual growth rate (CAGR) for underlying earnings per share (EPS) will be in the “high-teens”. This would be very promising for the Telstra share price if EPS starts rising strongly.

EPS growth could also help dividend growth, which could add to shareholder returns.

The ASX 200 may not rise that much 

Not only could the Telstra share price do well, but I’m not sure that the ASX 200 can perform that strongly. In other words, I don’t think Telstra will have a high hurdle to beat.

The ASX 200 hasn’t sunk like other share markets, so a recovery back to January 2022 levels wouldn’t represent a big gain.

I’m not expecting a huge rebound of the iron ore price, it could go even lower from here due to lower Chinese demand. Thus, the shares of BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) – a sizeable part of the index – may therefore not deliver strong returns in 2023.

The other major part of the index is ASX bank shares like Commonwealth Bank of Australia (ASX: CBA), National Australia Bank Ltd (ASX: NAB), Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Westpac Banking Corp (ASX: WBC). I think they’ve already seen a valuation boost in 2022 from the effect of higher interest rates. In my opinion, there aren’t likely to be many more RBA interest rate increases, and therefore that share price boosting effect may not be repeated for the banks in 2023. Competition in the sector could also offset some of the benefits of higher central bank interest rates.

So, with those factors in mind, I think the ASX 200 won’t perform as strongly as something like the S&P 500 Index (SP: .INX), or the Telstra share price specifically in 2023.

The post 3 reasons I think the Telstra share price can beat the ASX 200 in 2023 appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Monday
• Why Elders, Flight Centre, Perpetual, and Telstra shares are dropping
• Are ASX share investors getting their mojo back?
• ASX 200’s pumping Friday, but Telstra’s not. What’s going on?
• Move over ASX dividend share traps, a new investing pitfall could now be luring profit seekers

Motley Fool contributor Tristan Harrison has positions in Fortescue Metals Group Limited. 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 Corporation Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. 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) ended up having a rather disappointing finish to Monday’s session. That’s despite netting some big gains early this morning. Even so, the ASX 200 has finished up for the day at 7,146 points, down by 0.16%. But that’s nothing compared to the AGL Energy Limited (ASX: AGL) share price.

AGL shares had a pretty disappointing day. The energy utility share fell by a nasty 1.41%, ending the trading day at $7.70 a share.

So what happened with AGL shares this Monday that might have elicited such an underperformance of the broader market?

Well, there hasn’t been any news or announcements out of the company today, just to clear that up.

But perhaps investors are still feeling a little disappointed after the news last week regarding AGL’s rival Origin Energy Ltd (ASX: ORG).

Origin revealed it was likely to recommend the $9 per share bid from Brookfield Asset Management and MidOcean Energy to its shareholders last week. So it appears AGL has been overlooked, and shareholders have had to watch Origin shares rocket more than 30% since last Wednesday. That’s gotta hurt.

But AGL has also got a big day ahead of it tomorrow. That’s when the company is holding its annual general meeting (AGM). This could matter even more than normal.

AGL share price struggles before AGM

That’s because AGL is still in the midst of something of a power struggle. Activist shareholder Mike Cannon-Brookes has already almost single-handedly scuttled the proposed demerger that AGL was considering until a few months ago. That’s despite a relatively small personal stake (through Grok Ventures) in the company worth just over 11%.

Cannon-Brookes is also putting forward his own nominees for AGL’s board tomorrow. According to reporting in the Australian Financial Review (AFR) today, shareholders do look set to give the nod to Cannon-Brookes’ four nominees. This would see the AGL board swell to nine members.

However, the report also claims that shareholders are about to endorse the energy transition strategy that the incumbent directors have put forth as well. This, the article alleges, could result in “potentially giving the warring factions of chairman Patricia McKenzie and major shareholder Mike Cannon-Brookes’ competing claims to a mandate”.

AGL has seen perhaps the most disruptive period in its near-200-year history in the past few years. The company’s shares have fallen by 75% in value over the past five years. It has fallen from around $25 a share to the $7.70 we see today.

So in light of all this, it would probably be fair to say that many shareholders crave consistency and stability. It doesn’t look like tomorrow’s AGM will throw up much of that. This might be the reason investors stayed away from AGL shares today.

The post Why did the AGL share price lag the ASX 200 on Monday? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Monday
• Considering buying the dip in Medibank shares? Here’s the latest on the company’s data hack woes
• Could the flurry of recent takeover bids mean ASX 200 shares are going cheap right now?
• The South32 share price has leapt 10% in a month. Is it too late to buy?
• Up 55% in 2022, why the Pilbara Minerals share price ‘still trades at attractive multiples’: fundie

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

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It’s been nearly a month since the Medibank Private Ltd (ASX: MPL) share price was first dinted by what initially appeared to be a ‘cyber incident’ and soon became an all-out attack.

The market and, assumably, most Australians are now aware of the hackers that took off with the personal, and often health-related, data of nearly 10 million Medibank customers.

Mostly as a result, the Medibank share price is nearly 18% lower than it was this time last month. It’s currently trading down 1.58% at $2.80. For comparison, the S&P/ASX 200 Index (ASX: XJO) has gained around 6% in that time.

And the damage could be set to continue. A leading Australian law firm is investigating a potential class action against the company, and the hackers have continued publishing stolen data.

Let’s take a look at the latest woes potentially facing the health insurer.

The latest on the Medibank data hack

Interested in buying the dip in the Medibank share price? It seems there could be more bad news coming the health insurer’s way.

Firstly, the hackers – believed to be in Russia, according to the Australian Federal Police (AFP) – reportedly posted data related to Medibank customers’ mental health treatments on the dark web overnight. It’s the latest in a string of releases that started last Wednesday.

Data related to hundreds of claims was included in the latest drop, the Guardian reports. Though, it might be the last such headline for a number of days now.

The hackers have reportedly promised to hold off more drops until Friday in hopes “something meaningful” happens at the company’s annual general meeting (AGM). The meeting will be held on Wednesday.

Meanwhile, Maurice Blackburn is investigating a potential class action against the company.

Fellow firms Bannister Law Class Actions and Centennial Lawyers were previously reported to be considering legal action against the company.

Medibank share price snapshot

The Medibank share price’s recent tumble has placed it well and truly in the red year-to-date.

The stock has fallen 18% since the start of 2022. It’s also 19% lower than it was this time last year.

For comparison, the ASX 200 has fallen 6% year to date and 4% over the last 12 months.

The post Considering buying the dip in Medibank shares? Here’s the latest on the company’s data hack woes appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most traded ASX 200 shares on Monday
• The South32 share price has leapt 10% in a month. Is it too late to buy?
• Up 55% in 2022, why the Pilbara Minerals share price ‘still trades at attractive multiples’: fundie
• Why did Core Lithium shares just crack a new all-time high?
• This ASX 200 share has surged 15% in a month, and a director is still buying up big

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

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The Lake Resources N.L. (ASX: LKE) share price is having a top run today.

This ASX lithium share is soaring 5.36% and currently trading at $1.18. For perspective, the S&P/ASX 200 (ASX: XJO) is 0.05% in the red at the time of writing.

Let’s take a look at what could be impacting the Lake Resources share price today.

Lithium news

Lake Resources is not the only ASX lithium share to rise today. Core Lithium Ltd (ASX: CXO) shares are soaring nearly 11%, while Allkem Ltd (ASX: AKE) shares are up 1.48%.

In news last night, Indonesia is reportedly in talks with Australia to partner on lithium and the electric vehicle battery market.

Indonesian chamber of commerce and industry Arsjad Rasjid said business leaders have been discussing investing in Australian lithium resources, The Australian reported. Rasjid said:

If we can work together on this then Indonesia and Australia could be the global supply chain for EV batteries.

Indonesia is very serious about investing in lithium mines.

World leaders including Australian Prime Minister Anthony Albanese and US President Joe Biden are meeting in Bali for the G20 Leaders’ Summit this week. Rasjid told the publication he plans to speak to the Prime Minister on this potential lithium partnership.

Meanwhile, news of easing COVID-19 restrictions in China could also be giving lithium shares a boost today. China is reducing quarantine times and will stop recording secondary contacts, as my Foolish colleague Brooke highlighted earlier today.

China is a major electric vehicle market. Lithium is used in EV batteries. In October, Tesla exported a record number of EVs to China.

Lake Resources is exploring five lithium projects in the lithium triangle, according to a presentation on Thursday.

Lake Resources share price snapshot

The Lake Resources share price has leapt 17% in the year to date, while it has jumped 20% in a year.

For perspective, the ASX 200 has shed nearly 4% in the past year.

Lake Resources has a market capitalisation of $1.64 billion based on the current share price.

The post Why is the Lake Resources share price leaping 5% today? appeared first on The Motley Fool Australia.

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More reading

• Why is the Core Lithium share price having such a top run on Friday?
• Why Block, Lake Resources, Pendal, and Xero shares are dropping today
• Here are the 3 most traded ASX 200 shares on Tuesday
• Lake Resources share price dips amid latest short-seller attack
• Here are the top 10 ASX 200 shares today 

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

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

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

Breville Group Ltd (ASX: BRG)

According to a note out of Goldman Sachs, its analysts have retained their buy rating on this appliance manufacturer’s shares with a trimmed price target of $23.40. This follows the release of the company’s trading update at its annual general meeting. While its first half performance has been a touch softer than it was expecting, the broker continues to forecast double digit earnings growth through to FY 2025. The Breville share price is trading at $21.33 today.

Monash IVF Group Ltd (ASX: MVF)

A note out of Morgans reveals that its analysts have retained their add rating and $1.24 price target on this fertility treatment company’s shares. Morgans was pleased with Monash IVF’s first quarter update and notes that management has reaffirmed its guidance for FY 2023. In light of this, its continued market share gains, and attractive valuation, the broker remains positive on the investment opportunity here. The Monash IVF share price is fetching 93.5 cents on Monday.

Pilbara Minerals Ltd (ASX: PLS)

Analysts at Macquarie have retained their outperform rating and $7.70 price target on this lithium miner’s shares. Macquarie highlights that Pilbara Minerals has received $250 million of government debt funding for its growth projects. It was pleased with the news and continues to see value in the company’s shares thanks to strong lithium prices. The Pilbara Minerals share price is trading at $5.32 this afternoon.

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

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More reading

• Up 55% in 2022, why the Pilbara Minerals share price ‘still trades at attractive multiples’: fundie
• Are ASX share investors getting their mojo back?
• 5 things to watch on the ASX 200 on Monday
• Brokers name 3 ASX shares to buy today
• Pilbara Minerals share price lifts on $250 million government loan

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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It’s been a rather shaky start to the trading week for the S&P/ASX 200 Index (ASX: XJO) so far this Monday. After a very strong start this morning, the ASX 200 has petered out as the day has progressed. The ASX 200 is now in the red zone, nursing a loss of 0.06% at around 7,153 points.

But rather than trying to figure all that out, let’s dive deeper into today’s market gyrations by taking stock of the ASX 200 shares presently at the top of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Coronado Global Resources Inc (ASX: CRN)

Our first ASX 200 share today is the coal share, Coronado. This Monday has seen a notable 22.72 million Coronado shares change hands as it currently stands. This doesn’t appear to be related to anything out of the company itself today, seeing as there hasn’t been anything.

So we can probably put this elevated trading volume down to the pleasing share price action Coronado has enjoyed today. The company is currently up a decent 3.75% at $1.99 a share after rising as high as $2.03 this morning.

Telstra Group Ltd (ASX: TLS)

Next up is an ASX 200 share that everyone knows in Telstra. This session has had a chunky 25.87 million Telstra shares rung up for a new home thus far. This could be a consequence of the update Telstra gave to investors this morning.

According to the company, Alex Badenoch, group executive for transformation, communications and people, is leaving the company after 12 years. Investors seem to be mourning Badenoch’s loss, with Telstra shares down a meaty 3.4% so far today to $3.86 a share.

Core Lithium Ltd (ASX: CXO)

Finally, this Monday, we have the ASX 200 lithium share Core Lithium. At the time of writing, a hefty 60.37 million Core Lithium shares have moved to a different owner. This is almost certainly the result of the massive share price appreciation Core shares have enjoyed today.

The company is up an impressive 11.3% to $1.86 a share and cracked a new high of $1.88 earlier this session. This seems to be a reaction to news that China might be easing its restrictive COVID policies. No wonder so many shares are flying around.

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

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More reading

• Why Elders, Flight Centre, Perpetual, and Telstra shares are dropping
• The South32 share price has leapt 10% in a month. Is it too late to buy?
• Why Accent, Block, Core Lithium, and Fortescue shares are pushing higher
• Up 55% in 2022, why the Pilbara Minerals share price ‘still trades at attractive multiples’: fundie
• Why did Core Lithium shares just crack a new all-time high?

Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation Limited. 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 Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Materials Index (ASX: XMJ) is going gangbusters today, up 3.37% at the time of writing. But one ASX lithium share is soaring far higher into the green.

The Tambourah Metals Ltd (ASX: TMB) share price is currently trading 35% higher at 21 cents. However, in earlier trade, the company’s shares soared 74% to an intraday high of 28 cents.

Let’s take a look at why this ASX lithium share is having such a top run today.

Lithium project news

Tambourah advised today it has found multiple pegmatites at the RJ 101 lithium project. This is part of the Russian Jack lithium project, 70km southeast of Nullagine in Western Australia.

Results show high levels of rubidium, tin, cesium, tantalum and niobium, which the company says are “indicators of lithium-caesium-tantalum (LCT) pegmatites”.

Tambourah also advised it was completing the purchase of a lithium and gold exploration project at Tambina.

This project has elevated lithium and rubidium, historical sampling at the site shows.

Commenting on today’s news, managing director Paul Araujo said:

At the RJ 101 project, Tambourah has identified pegmatite swarms with some continuing over 500 metres in length and up to 8m high.

We are planning to identify and field test newly recognised pegmatite swarms at several locations within this large project area.

Looking ahead, Tambourah is preparing an exploration strategy to follow up sampling of high lithium targets.

Share price snapshot

The Tambourah Metals share price has fallen 34.3% over the past 12 months and is down 14.5% in the year to date.

However, in the past month, Tambourah Metals shares have soared 50%.

In comparison, the ASX Materials Index has gained nearly 13% in the past year.

The post Guess which ASX lithium share surged 74% today on a new discovery appeared first on The Motley Fool Australia.

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Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 last couple of days of trading has been very strong when looking at some markets. And in my opinion, I think that there are some ASX shares that are looking like attractive buys.

This year has seen plenty of damage done to valuations because of factors like inflation and higher interest rates.

But, with the recent US inflation figure not being quite as strong as expected, some share prices jumped in response. For example, since 9 November 2022 (over two trading days), the S&P 500 (INDEXSP: .INX) has gone up 6.5%. That’s a huge rise in just a couple of trading sessions.

It’s impossible to say what the share market is going to do next. But, with investors seemingly wanting to push share prices higher, I think it’s worthwhile considering what I’d do with $5,000.

Airtasker Ltd (ASX: ART)

Firstly, I would put $2,000 into Airtasker shares. This business operates a platform that seeks to match up people who need work with individuals or businesses that want to do the work.

After a 60% drop in the Airtasker share price in 2022, I think it looks very attractive.

The business is growing quickly in both the UK and the US, though starting from a small base. The UK and the US are both much larger markets than Australia, so there could be plenty of potential there.

One of the most attractive things to me about the ASX share is that it has a gross profit margin of over 90%. That means most of the new revenue translates into gross profit, which can then be re-invested back into the business to grow the company.

Overall growth is going well. In the first quarter of FY23, revenue (excluding the acquired business Oneflare) increased by 36% to $8 million.

Australian Ethical Investment Ltd (ASX: AEF)

I’d also want to put $1,500 into Australian Ethical shares. This is a fund manager that aims to provide investment products that align with an investor’s ethics.

It offers superannuation and managed funds that avoid investing in things that, for example, “pollute land, air or water” or “extract, create, produce, manufacture, or market materials, products, goods or services which have a harmful effect on humans, non-human animals or the environment.”

Over the longer term, the company’s funds under management (FUM) continue to grow, which can provide a natural boost for revenue and profit. I’m particularly attracted to the fact that it provides superannuation, so it’s benefiting from the regular contributions of superannuation guarantee payments for employees.

In the three months to September 2022, the ASX share saw its total FUM (excluding institutional) rise from $6.02 billion to $6.18 billion, which included $150 million of net inflows for superannuation.

I think that ongoing FUM growth will help the Australian Ethical share price rise over time. It can also benefit from the inclusion of the Christian Super members that are being added into Australian Ethical superannuation options.

Temple & Webster Group Ltd (ASX: TPW)

The final $1,500 that I’d invest is into the shares of this furniture and homeware retailer.

I think the Temple & Webster share price looks much better value after dropping by around 60%.

While the business saw an e-commerce boost during the COVID-19 period, I believe that the amount of online shopping that people do will increase over time.

I like the company’s efforts to diversify and grow its earnings by selling more items, specifically in the home improvement categories of paint, plumbing, flooring and so on.

I’m impressed by the technology that the ASX share is now offering customers. For example, it offers augmented reality so that people can ‘see’ a product in their space. It’s also developing an artificial intelligence based interior design service.

While revenue may be volatile in FY23, I think the long-term future looks promising.

The post Share market rally: How I’d invest $5,000 right now in ASX shares appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs says these ASX growth shares are buys
• These 10 predictions could help you profit from the stock market regardless of inflation, interest rates or even another bear market
• Why Baby Bunting, James Hardie, Sims, and Temple & Webster shares are dropping
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Motley Fool contributor Tristan Harrison 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 Australian Ethical Investment Ltd. and Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. and Temple & Webster Group Ltd. 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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