The last year has proven to be a challenging time to pick a winning investment inside the S&P/ASX 200 Index (ASX: XJO). A quick look at the Aussie benchmark shows that the majority of constituents’ share prices are worse off than where they were a year ago.

However, one portfolio manager is putting her expertise to work in an attempt to uncover a winner. In a recent interview, Jun Bei Liu of Tribeca Investment Partners paints a picture of an ASX-listed investment with plenty of potential.

Let’s take a look at what ASX 200 share it is before jumping out of the gates.

Punters season underway

At times it can be difficult to forecast the peaks and troughs of cyclical businesses. Other times, it can be quite simple.

For instance, retailers tend to see their highest sales in the weeks around Christmas and Boxing Day, airlines tend to land their busiest season during summer, and sports betting companies typically make bank in spring.

Last weekend, we witnessed the AFL grand final between the Geelong Cats and the Sydney Swans. This weekend, we will see the NRL grand final between the Penrith Panthers and the Parramatta Eels. Soon after, the ICC men’s Twenty20 World Cup will be held. And, Australia’s biggest horse racing event — the Melbourne Cup — is set to take place on 1 November.

As you can imagine, the next couple of months is a punter’s paradise. Hence, Liu is expecting the gloves to come off, and the Tabcorp Holdings Limited (ASX: TAH) share price to start swinging… to the upside.

The seasoned portfolio manager shared her take on this ASX 200 share with The Age, saying:

We’re heading into a seasonally strong period for Australian wagering and a lot of these companies are going into spring with extremely defensive positions. 

I can easily see it go up by 10 to 20% because Tabcorp is the only one going through seasonally strong periods and still trading very low multiples and yet analysts don’t upgrade.

The Tabcorp share price has retained its value far better than other ASX-listed wagering companies in 2022. While the ASX 200 constituent is down 6.5%, others such as Pointsbet Holdings Ltd (ASX: PBH) and Betmakers Technology Group Ltd (ASX: BET) have sunk 70% and 62%, respectively.

Valuation on ASX 200 gambling giant

Checking out the fundamentals of Tabcorp reveals the company is loss-making for the latest trailing 12-month period. This means we should probably look at the price-to-sales (P/S) ratio for a rough comparison, rather than earnings.

Right now, this ASX 200 share is presenting with a P/S ratio of around 0.9 times. Meanwhile, the industry average is situated at two times sales. Ironically, that is exactly what Pointbet is currently valued at, with Bluebet Holdings Ltd (ASX: BBT) close behind at 1.8 times.

The post ‘I can easily see it go up by 10 to 20%’: Expert reveals ASX 200 share that’s seasonally strong right now appeared first on The Motley Fool Australia.

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More reading

• These ASX 200 dividend shares just paid out. Here’s how much
• Tabcorp share price lifts following $62m eBet sale
• Here are the top 10 ASX 200 shares today
• 3 ASX 200 shares defying Friday’s sell-off to surge higher
• 3 blue-chip ASX 200 shares touting the highest dividend yield in September

Motley Fool contributor Mitchell Lawler 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 Betmakers Technology Group Ltd and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, BlueBet Holdings Ltd, and Pointsbet Holdings 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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I think Australia is very fortunate because of the abundance of resources (and ASX shares) that can provide access to compelling demand and profit.

Names like BHP Group Ltd (ASX: BHP) and Fortescue Metals Group Limited (ASX: FMG) get plenty of investor attention because of the huge cash flow generated by their iron ore divisions.

But, there are other ASX shares that are exposed to different commodities.

Rare earth ASX shares could be one of the most interesting areas of the resources space. Examples of rare earths include neodymium (Nd) and praseodymium (Pr).

Examples of uses for rare earth elements, according to Geoscience Australia, include: magnets and super magnets, motors, metal alloys, electronic and computing equipment, batteries, catalytic converters, petroleum refining, medical imaging, colouring agents in glass and ceramics, phosphors, lasers and special glass.

This expert is bullish on rare earths

At the end of August, fund manager Emanuel Datt had allocated 23% of the fund towards rare earth ASX shares.

My colleague Tony Yoo has previously written about some of Datt’s rare earth picks, which include Lynas Rare Earths Ltd (ASX: LYC) (which is down 25% since mid-August), Dreadnought Resources Ltd (ASX: DRE) and Lanthanein Resources Ltd (ASX: LNR).

Why is Datt optimistic about rare earth prices and rare earth ASX shares? He suggests that there could be higher tensions between China and Taiwan, which could lead to the “weaponization” of rare earth supply through supply restrictions. Datt explained:

We know that rare earths are absolutely essential for advanced technology applications, ie renewables, electric vehicles […] The second point was the market power. We’ve already discussed how China produces around 90% of rare earths globally on a downstream basis.

We’re not looking or anticipating a full-blown war or anything like that between the two nations. But escalation in tensions, you know, sanctions and tit for tat retaliation. I think that will be enough to really get rare earth prices moving and demand being pushed forward effectively from rare earths uses, wanting to secure supply ahead of any potential restrictions.

What does Datt like about Lynas shares?

My colleague Tony Yoo reported on why Datt thinks that Lynas is the “gold standard” for rare earth ASX shares. Datt said:

It is an integrated producer with downstream processing facilities located in Malaysia and upstream operations in Western Australia.

Its customers are primarily Japanese and other nationalities who wish to diversify their supply from non-mainland Chinese sources.

Lynas Rare Earth share price snapshot

Since the start of 2022, Lynas has dropped by more than 30%.

The post Which ASX shares have exposure to this ‘absolutely essential’ market? appeared first on The Motley Fool Australia.

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More reading

• Looking to buy Lynas shares? Here’s what rare earths are actually used for
• 3 ASX mining shares absolutely slaying the market today
• The Lynas share price is down 20% this year, so why is management receiving a huge bonus?
• Here are the top 10 ASX 200 shares today
• Lynas share price storms 5% higher: Can it keep rising?

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 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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If you’re looking to buy some ASX 200 blue chip shares, you may want to look at the stars named below.

Both have been tipped as buys with bright futures by top brokers. Here’s why:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share that has been tipped as a buy is CSL.

It is one of the world’s leading biotechnology companies and the name behind the CSL Behring, CSL Vifor, and Seqirus businesses.

CSL Behring is the global leader in a plasma therapies industry, CSL Vifor is a global leader in iron deficiency and iron deficiency anaemia therapies, and Seqirus is the number two player in the global influenza vaccines industry.

These businesses appear well-placed for growth thanks to their world class product portfolios, significant investment in research and development, and strong demand.

Morgans is positive on CSL and believes the tide is finally turning for the company after plasma collection headwinds eased. It said:

While near term challenges remain and plasma inventories will need to be rebuilt over time, strong plasma collection growth and ongoing demand across both Behring and Seqirus underpin strong growth and continued momentum.

Morgans has an add rating and $321.30 price target on its shares.

ResMed Inc (ASX: RMD)

Another star ASX 200 blue chip share that has need named as a buy is ResMed.

It is a global leader in the development, manufacturing, distribution, and marketing of medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders.

ResMed has been growing at a strong rate for years thanks to the popularity of its products and increasing demand for sleep treatment solutions.

Analysts at Goldman Sachs are very positive on the company and believe it is well-placed for further growth. It commented:

We continue to see a long-duration runway of HSD organic growth for RMD, and we believe that growth-adjusted valuation of 3.1x (sector 2.9x) is not demanding in the context of various near/long-dated tailwinds. Buy.

Goldman Sachs has a buy rating and $36.80 price target on its shares.

The post Experts name 2 star blue chip ASX 200 shares to buy now appeared first on The Motley Fool Australia.

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• ‘Long term view’: Expert names 2 punished ASX shares with ‘bright outlook’
• Here are the top 10 ASX 200 shares today
• Not all ASX 200 shares are getting hammered today. Here are some winners
• Why this expert has a ‘positive long-term view’ on the CSL share price
• Experts names the blue chip ASX 200 shares to buy

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 CSL Ltd. and ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. 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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These ASX lithium shares are surging amid a much-relieved rebound across the Aussie stock market on Tuesday.

At the time of writing, the S&P/ASX 200 Index (ASX: XJO) is up 0.26% after recording heavy falls the day before.

The benchmark index tanked 1.6% yesterday which brought its losses to over 5% in a week.

This came on the back of the US Fed’s latest rate hike as well as concerns about a looming recession by next year.

Nonetheless, investor excitement surrounding the lithium revolution is driving these ASX shares back deep in the green.

Let’s take a look at which are some of the best performers on the market today.

How are these ASX lithium shares faring today?

The Argosy Minerals Ltd (ASX: AGY) share price is rocketing by 8.08% to 53.5 cents despite no company news.

The emerging lithium carbonate miner has been busy completing the construction of its Rincon Lithium Project in Argentina.

It is expected that production will commence in the next quarter.

In addition, the Pilbara Minerals Ltd (ASX: PLS) share price is cracking 6.46% higher to $4.695 following yesterday’s 9% decline.

The lithium producer recently released the results of its BMX auction which attracted strong interest from a broad range of buyers.

Pilbara Minerals intends to accept the highest bid of US$6,988 per dry metric tonne (dmt) for a cargo load of 5,000 dmt.

Lastly, the Sayona Mining Ltd (ASX: SYA) share price is also pushing upwards on its project news.

The lithium explorer’s shares are up 3.18% to 22.7 cents but rode as high as 24 cents during midday trade.

Also providing support to the ASX lithium miners is the uptick in the prices for lithium carbonate.

According to Trading Economics, the battery making ingredient is fetching at 501,500 Chinese yuan (US$70,000).

This is near its all-time high of 504,000 Chinese yuan (US$70,400 per tonne).

When looking at year-on-year, lithium prices are up almost 200%.

The post Why are these ASX lithium miners powering up today? appeared first on The Motley Fool Australia.

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• Why Brainchip, New Hope, Sayona Mining, and Talga are pushing higher
• Sayona Mining share price leaps 7% on lithium project news
• Pilbara Minerals share price up 5%: Can this lithium share keep rising?
• 3 ASX lithium shares that dropped by 12% or more on Monday
• Exploding 30% in a month, is it too late to buy Pilbara Minerals shares?

Motley Fool contributor Aaron Teboneras has positions in Argosy Minerals Limited and Pilbara Minerals 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 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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Lynas Rare Earths Ltd (ASX: LYC) shares could well be on many market watchers’ bucket lists after the company posted more than $900 million of revenue for financial year 2022 – marking an 88% year-on-year increase.

That was driven by rising demand for the rare earths materials produced by the company, which in turn bolstered prices.

The company produced 15,970 tonnes of rare earths in financial year 2022 and boasted an average selling price of $60.30 per kilogram.

But what are rare earths materials actually used for? Let’s take a look at where the materials will likely end up.

Right now, Lynas shares are swapping hands for $7.545 apiece.

What are rare earths used for?

Interested in Lynas shares but unsure of the role that rare earths play? You’ve come to the right place.

Rare earths are a group of 15 elements including neodymium, lanthanum, cerium, praseodymium, and promethium, plus yttrium.

Many are used to make high-power magnets, while others can be used in electronic, optical, and catalytic applications.

They are, therefore, often used in petroleum catalytic cracking, glass manufacturing, semiconductors, and electronics.

In fact, you’re likely to find rare earths in the device you’re reading from right now.

And the world will use plenty of rare earths as it works to reach net zero emissions.

The minerals are needed to harness power from wind and to build electric vehicles, according to the International Energy Agency. Rare earths are also found in certain batteries and even fluorescent bulbs.

Under various scenarios analysed by the IEA, demand for rare earths is projected to be four to seven times higher in 2040 than it was in 2020.

Lynas also offers one factor that seemingly makes it more attractive to rare earth consumers.

The company is the largest rare earths producer outside of China, which was responsible for nearly 90% of the world’s rare earths refining in 2019.

Therefore, political tensions can play to Lynas’ advantage. Indeed, the company noted that outside China demand remained strong in financial year 2022.

Lynas share price snapshot

Despite predictions for soaring demand, the Lynas share price has struggled lately.

The stock has slumped 32% since the start of 2022. Though, it’s trading 6% higher than it was this time last year.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen 15% year to date and 12% over the last 12 months.

The post Looking to buy Lynas shares? Here’s what rare earths are actually used for appeared first on The Motley Fool Australia.

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• The Lynas share price is down 20% this year, so why is management receiving a huge bonus?
• Here are the top 10 ASX 200 shares today
• Lynas share price storms 5% higher: Can it keep rising?
• Lynas share price tumbles again, down 10% this week
• The Lynas share price is sinking 5% amid market mayhem

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 Star Entertainment Group Ltd (ASX: SGR) share price is pushing higher on Tuesday.

In afternoon trade, the embattled casino and resorts operator’s shares are up over 1% to $2.67.

What’s going on with the Star share price?

The Star share price is rising on Tuesday after the company responded to the NSW Independent Casino Commission’s (NICC) show cause notice. This relates to the report prepared by Mr Adam Bell SC (the Bell Report) that found “extremely serious governance, risk management and cultural failures” had occurred at its Sydney casino.

According to the release, Star accepts the findings of the Bell Report, including the finding of unsuitability. The company also acknowledges the gravity of the conduct which is raised in the report.

The company stressed that it has taken “significant and urgent remedial steps”, including increased risk, compliance, and security staff, approval of upgrades to surveillance technology as well as permanently exiting junkets and closing the Marquee nightclub.

It is also committed to taking additional necessary and appropriate action in clear timeframes to address the issues raised by the report. This is in the hope that the NICC “can be satisfied that The Star Sydney has taken sufficient steps, and has bound itself to take further steps, so that it may continue to hold its licence.”

Star also highlights that it has made significant changes in its leadership. Noting that “the team to lead us on the path to suitability will be very different to those who led TSEG in the past.”

What’s next?

The future of Star Sydney now rests with the NICC.

It will make a decision on whether to allow the company to continue to hold its licence in due course. It could also fine the company upwards of $100 million.

Though, with the Star share price pushing higher today, it appears as though the market feels the company has potentially done enough to continue holding its licence.

Time will tell if that is the case.

The post Star Entertainment share price lifts on ‘significant and urgent remedial steps’ appeared first on The Motley Fool Australia.

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• Star Entertainment share price jumps despite ‘shocking’ report

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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The Endeavour Group Ltd (ASX: EDV) share price has outperformed the ASX 200 this year, but could it still be a buy?

Endeavour shares have climbed 4% in the year to date. For comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen nearly 13% since the start of the year.

At the time of writing, its shares are up 1.37% today to $7.01 apiece.

Let’s consider the outlook for the Endeavour share price.

Is Endeavour a buy?

Endeavour is an ASX 200 consumer share operating brands including BWS, Dan Murphy’s, Jimmy Brings and ALH Hotels.

Analysts at Goldman Sachs are recommending investors buy the Endeavour share price. Goldman has an $8.10 price target on the company’s shares. This suggests 15% upside on the current share price.

Despite Tasmania’s recent plan to limit player losses on gaming machines, Goldman does not believe this will impact Endeavour shares.

Endeavour sees this Tasmanian plan as “immaterial” to Endeavour’s earnings and is positive on the company’s long-term growth.

EDV has 150 Gaming Machines in TAS (c. 1.2% of total machines) which we estimate contributes to A$6mn in revenue (0.1% of group).

In our view, while this may offer short-term overhang, we have a more constructive view on EDV’s longer-term growth aspirations as it may accelerate the speed of independent publicans exiting the industry due to the increasing cost and complexity of the operating environment.

Endeavour reported a net profit after tax (NPAT) of $495 million in FY22, up 11.2% on the 2021 financial year. Group sales overall for the company were $11.6 billion, on par with FY21. The company declared a final dividend of 7.7 cents per share.

Endeavour share price snapshot

The Endeavour share price has climbed 3.5% in the past year. In the past month, it has fallen 3%, while it has lost 1.5% in the past week.

For perspective, the ASX 200 has shed 12% in the last year.

Endeavour has a market capitalisation of nearly $12.6 billion based on the current share price.

The post The Endeavour share price has slayed the ASX 200 so far this year. Too late to buy? appeared first on The Motley Fool Australia.

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• Goldman Sachs tips major upside for the Endeavour share price
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• 5 things to watch on the ASX 200 on Friday
• How do Endeavour’s dividends stack up against its old parent Woolworths?

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 ASX 200 iron ore miners are racing ahead today following a rebound across the broader market.

Yesterday, the S&P/ASX 200 Index (ASX: XJO) fell 1.60% as investors fled for safe-haven assets such as US treasury bonds.

That brought losses on the ASX to around 5% over the last 3 days, signalling the biggest fall since June.

However, it appears the market is taking a breather with a number of popular ASX shares in the green.

Let’s take a look at how the big miners are performing today.

ASX 200 iron ore miners make a comeback

There are a couple of reasons why shares in the ASX 200 iron ore miners are heading north today despite no company announcements.

The S&P/ASX 200 Resources (ASX: XJR) sector is the best performer across the ASX today with a 2.06% gain.

This has catapulted shares in BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) to climb 2.18%, 2.5% and 3.39% respectively.

The strong turnaround for the benchmark index of Australian resource companies comes after falling a mammoth 5.88% yesterday.

Recently, bearish sentiment impacted global markets following the 75-basis points rate hike by the US Fed and concerns about a looming recession.

However, those worries have since been alleviated for now as a number of blue-chip shares are trading in bargain territory.

For example, BHP and Fortescue shares are entering near year-to-date lows, while Rio Tinto is closing in on its 52-week lows.

Furthermore, the price of iron ore appears to have found the bottom at roughly US$100 per tonne.

This comes as China’s previous extended stimulus package is now paying dividends to its ailing construction and manufacturing sectors.

The Asian powerhouse added more than 1 trillion yuan (US$146 billion) of stimulus to fight against its slowing economy.

As reported by Trading Economics, the steel-making ingredient is currently fetching at US$99.50 a tonne.

The post ASX 200 iron ore miners rally as market rebounds on Tuesday appeared first on The Motley Fool Australia.

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• The Fortescue share price is handily beating the ASX 200 today
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• 5 things to watch on the ASX 200 on Tuesday
• Why BHP, Costa, Link, and Syrah shares are dropping
• Why is the Rio Tinto share price rolling 5% lower on Monday?

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

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The Mineral Resources Limited (ASX: MIN) share price is up today amid a recovery in the materials sector.

The ASX 200 miner’s shares are up 4.14%, while the S&P/ASX 200 Materials Index (ASX: XMJ) is one of the best-performing sector indices today with a 2.09% gain.

It might not be surprising, then, that some of Mineral Resources’ peers have also recovered from yesterday’s sell-off. Pilbara Minerals Ltd (ASX: PLS) is up 6.35%, and Newcrest Mining Ltd (ASX: NCM) is rising 0.44%.

In comparison, the S&P/ASX 200 Index (ASX: XJO) is currently enjoying a 0.27% gain.

So what’s going on? Let’s investigate.

What’s going on with the Mineral Resources?

Investors seem to have refreshed their appetites for shares of Mineral Resources after they suffered a sizable loss yesterday, as the Motley Fool reported. The Mineral Resources share price ended the day 7.94% in the red.

The coverage included the fact that a broker rated the company’s shares a hold and that a speculated demerger of its lithium business “could create value”.

Other ASX lithium shares were also sold off on Monday, with some losing as much as 16.9%.

So with the broader market moving upwards and no news announced from the company, investors may surmise that the prices of these and other lithium shares are too good to pass up.

Mineral Resources share price snapshot

The Mineral Resources share price is up almost 11% year to date and 36% over the past 12 months. Meanwhile, the ASX 200 is down 14.5% in 2022 and 12% in the past year.

Mineral Resources has a market capitalisation of $11.79 billion.

The post Why is the Mineral Resources share price gaining 4% on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Is the Mineral Resources share price a buy right now?
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Motley Fool contributor Matthew Farley 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 S&P/ASX 200 Index (ASX: XJO) is heading in the right direction at last on Tuesday. In afternoon trade, the benchmark index is up 0.3% to 6,488.7 points.

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

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 5% to $1.20. This is despite a number of lithium shares charging higher and Core Lithium releasing a business update. The latter revealed that preparations are underway for the company’s first shipment of direct ship ore spodumene from the Finniss Lithium project before the end of 2022.

Ramsay Health Care Limited (ASX: RHC)

The Ramsay share price has continued its slide and is down a further 3% to $57.42. Investors have been selling this private hospital operator’s shares this week after it revealed that takeover talks with the KKR consortium have now terminated.

Synlait Milk Ltd (ASX: SM1)

The Synlait Milk share price is down 7% to $2.95. This follows the release of the dairy processor’s fully year results this morning. That’s despite Synlait Milk reporting a 21% increase in revenue to NZ$1.66 billion and a 213% jump in adjusted EBITDA to NZ$117.2 million. Management’s commentary for FY 2023 may have spooked investors. It warned that the SAMR registration timeline, a tight labour market, high inflation, and supply chain pressures could materially impact the company’s current guidance.

Virgin Money UK (ASX: VUK)

The Virgin Money share price is down 4% to $2.22. Investors have been selling this UK based bank’s shares this week amid concerns over the state of the British economy. This follows an extremely poor reaction to the government’s new tax cuts that saw the British pound drop to a record low against the US dollar.

The post Why Core Lithium, Ramsay, Synlait Milk, and Virgin Money shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Core Lithium share price falls despite business update
• Why is the Core Lithium share price cratering 9% on Monday?
• Ramsay share price sinks 7% to two-year low on failed takeover deal
• Here’s which ASX lithium shares investors have been loading up on this month
• Which ASX lithium shares are performing best in 2022?

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 Ramsay Health Care 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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