The Commonwealth Bank of Australia (ASX: CBA) share price is being hit the hardest out of its peers today.

The banking giant’s shares are receding 1.85% to $93.68 amid the S&P/ASX 200 Index (ASX: XJO) diving 2.14% today.

When looking at the other major banks, CBA shares aren’t faring quite well.

The National Australia Bank Ltd (ASX: NAB) share price is dropping 1.68%, while Westpac Banking Corp (ASX: WBC) and Australia and New Zealand Banking Group Ltd (ASX: ANZ) are sinking 1.5% and 1.23%, respectively.

How is the CBA share price valued?

A catalyst for the CBA share price performing worse than its peers today could be the premium level its currently trading at.

Currently, CBA has a price-to-earnings (P/E) ratio of 17.83 which is higher than its peers. This means investors are paying $17.83 for every $1 of earnings the company makes.

In comparison, NAB has a P/E ratio of 15.11, Westpac is on 15.97, and ANZ with 10.62.

The long-term trend for the P/E ratio of the Australian market is around 15, although it has moved around a bit since COVID-19.

Measuring P/E ratios against other companies in the sector tells an investor how expensive the stock is trading at.

This is calculated by dividing the current share price by the earnings the company made over the last 12 months.

What do the brokers think?

The team at Macquarie raised their 12-month price target for the bank’s shares by 12% to $90.50 apiece. It appears that the broker believes that CBA is fully valued at the moment, with investors agreeing alike given the current share price.

On the other hand, analysts at Morgan Stanley had a slightly more bearish take, raising its rating by 0.6% to $83.50.

Based on the bank’s share price, this implies a downside of roughly 12% from where it trades today.

CBA share price summary

Adding to the already tough month it has been, the CBA share price is down 7% over the last 12 months.

When looking at year-to-date, its shares are also down 7%.

CBA commands a market capitalisation of about $162.22 billion, making it the second largest company on the ASX.

The post Why is the CBA share price falling the hardest of the big four today? appeared first on The Motley Fool Australia.

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More reading

• What’s with the CBA share price on Wednesday?
• Here’s why I decided to buy each of the big 4 ASX 200 bank shares
• Looking to buy CBA shares? Here’s how the bank’s balance sheet stacks up
• Which ASX 200 bank share will win the great tech battle?
• CBA share price edges higher amid acquisition rumours

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 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 CSL Limited (ASX: CSL) share price is ending the week in the red.

At the time of writing, the biotherapeutics giant’s shares are down almost 2% to $276.30.

This means the CSL share price is now down approximately 14% from its 52-week high.

Is the CSL share price weakness a buying opportunity?

According to a note out of Citi, its analysts believe the company’s shares are trading at a very attractive level.

The note reveals that Citi has retained its buy rating and lofty $340.00 price target on its shares.

Based on the current CSL share price, this implies potential upside of 23% for investors over the next 12 months.

The broker is also expecting a dividend yield of approximately 1.5% in FY 2023, lifting the total potential return closer to 25%.

What did the broker say?

Citi notes that the United States District Court has overturned a decision to ban Mexicans from crossing the border to donate plasma.

Citi sees this as a positive for the company and expects it to be modestly supportive of plasma collections due to CSL operating 13 centres close to the border. It commented:

Reversal of ban on plasma donations by Mexican nationals: a tailwind for US plasma collection CSL announced that the United States District Court has issued a preliminary injunction preventing the United States Customs and Border Protection (CBP) from continuing to enforce its ban on plasma donations by Mexican nationals.

The ban was in place since June 2021. This is a positive for the industry which has just recently seen plasma collections reach pre-pandemic levels. For CSL the impact will positive, but relatively small: CSL has ~13 centres near the border, or ~4% of its US total of 312. CSL is hosting its AGM on 12 Oct and its CSL Vifor Investor Day on 17 Oct where we expect it to provide revised guidance including Vifor. We rate CSL Buy, $340 TP.

The post CSL share price tipped to rise 23% by Citi appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Top brokers name 3 ASX shares to buy today
• Could the CSL share price be set for a boost before the year’s end?
• Looking to buy ASX shares? Expert reveals ‘one metric to assess the quality of a business’
• The CSL share price has been struggling of late. Is this because it’s fully valued?

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. 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 the push towards electrification of vehicles, the price of lithium in its raw and refined forms has shot to record highs

With lithium carbonate now resting at an all-time high of A$106,626 per tonne, there’s been a flurry of investor activity on ASX-listed shares producing the battery metal.

The Global X Battery Tech & Lithium ETF (ASX: ACDC) has gained nearly 2% in the past month of trade and has lifted 16% off its low point on 7 July.

Driving the upside in recent times has been government stimulus in China that has spurred growth in electric vehicle demand, whilst the U.S.’s ‘inflation reduction act’ offers tax breaks for individuals considering purchasing an electric vehicle.

These two recent factors in combination with the soaring aggregate demand for lithium-ion batteries and electric vehicles has created a buoyant market for both lithium and the companies mining or producing the metal.

What ASX lithium shares have been in favour?

Whilst there’s been some triple-digit gains in the small and micro-cap end of the market in 2022, here I’ll concentrate on the larger capitalised lithium stocks.

And there’s been some stellar performances on the chart this year from this particular cohort.

Two standouts have been the Core Lithium Ltd (ASX: CXO) share price and the Pilbara Minerals Ltd (ASX: PLS) share price, up 131% and 52% in 2022 respectively.

Both shares have seen their 4-week average trading volume lift to 15.3 million and 6.3 million shares respectively – well above previous averages.

Meanwhile, there are plenty more ASX lithium shares catching a strong bid lately.

Names such as Sayona Mining Ltd (ASX: SYA) have soared from the June bounce in equities and recently shot back towards 52-week highs, before turning sharply back to the downside.

Similar patterns have been observed with The Lake Resources N.L. (ASX: LKE) share price, itself having a difficult time in 2022 after whipsawing between $2.45 and 62.5 cents per share.

It now trades well off its previous highs and is down almost 13% for the past month of trade.

The same can’t be said for the Allkem Ltd (ASX: AKE) share price, however. It has continued on a one-way journey up north and thrust past 52-week highs of $15.96 on 20 September.

It has since levelled off and trades 5% down on the day, despite no market-sensitive news.

These 5 names form a core basket of ASX lithium players that sit at the large end of town. However, the entire spectrum of lithium shares has benefitted from the market activity this year.

It remains to be seen where the market will head next. Forecasts at both ends of the analyst matrix are estimating a sustained increase all the way down to a plummet in the lithium price.

Time will tell, but that’s something to think about.

The post Here’s which ASX lithium shares investors have been loading up on this month appeared first on The Motley Fool Australia.

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More reading

• Why has the Lake Resources share price been so volatile lately?
• Why is the Sayona Mining share price in the doldrums this week?
• Which ASX lithium shares are performing best in 2022?
• Is it too late to invest in ASX lithium shares? Apparently not…
• These 8 companies joined the ASX 200 on Monday. Here’s how they’re performing

Motley Fool contributor Zach Bristow 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 Whitehaven Coal Ltd (ASX: WHC) share price is on the rise again today, but could there be challenges ahead?

Whitehaven Coal shares are leaping nearly 2% today and are currently trading at $9.13. For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) is down a painful 3.26% today.

So what looming development could impact Whitehaven coal shares?

Could New South Wales implement a coal tax?

Whitehaven shares have exploded 250% since the start of the year. Whitehaven reported a $2 billion net profit after tax (NPAT) in FY22.

However, TAMIM Asset Management Australian equities head Ron Shamgar has warned of the prospect coal producers could face a new tax next year, potentially impacting Whitehaven and New Hope Corporation Limited (ASX: NHC). In a tweet, Shamgar said:

One risk to keep in mind in the coal trade and $WHC and $NHC is that it’s certain the NSW government will impose an additional tax on coal producers next year, but unlike Qld gov, they will do it in consultation with the industry. That’s my prediction.

Queensland has a three-tier coal royalty tax system that has been in place since 1 July 2022. When coal prices hit $175 to $225 per tonne, 20% tax is charged. This rises to 30% when the coal price lifts to $225 to $300, and 40% when the average coal price per tonne is more than $300.

Australian Institute economist Rod Campbell is calling on the NSW Government to follow this path and implement a higher tax burden on the coal industry. In quotes cited by The Guardian, he said:

This is absolute textbook economics on what you should be taxing.

You should be taxing the things you want less of – fossil fuel production – and you should tax higher when profits are over and above a normal return to capital.

NSW currently charges a coal royalty of between 6.2% and 8.2%, depending on the method of mining.

Whitehaven operates four coal mines in the Gunnedah Basin of NSW. The company is also developing the Winchester South coal project in Queensland.

Whitehaven Coal share price snapshot

Whitehaven coal shares have soared 194% in the past year, while they have risen 21% in the past month

For perspective, the ASX 200 energy index has grown 28.6% in the past year.

Whitehaven has a market capitalisation of around $8.7 billion based on the current share price.

The post Whitehaven Coal shares are on fire, but could there be a looming risk? appeared first on The Motley Fool Australia.

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• Why Apollo Tourism, OZ Minerals, SSR Mining, and Whitehaven Coal shares are rising
• Is the party just getting started for ASX 200 coal shares?
• Here are the top 10 ASX 200 shares today
• Why is the Whitehaven share price soaring another 5% on Wednesday?
• Why is the Whitehaven Coal share price having such a top run on Tuesday?

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 Woodside Energy Group Ltd (ASX: WDS) share price is in the red on Friday, down 3.27% to $31.38.

The whole market is down today, with the benchmark S&P/ASX 200 Index (ASX: XJO) dipping 2.26%.

Earlier today, Woodside announced it was the first Australasian company to sign the Aiming for Zero Methane Emissions Initiative.

This means the energy producer is committed to “striving to reach near-zero methane emissions from its operated assets by 2030″.

What does methane do to our climate?

In its non-market statement today, Woodside said methane was the second-worst greenhouse gas contributing to climate change after carbon dioxide.

Woodside cited a 2021 International Energy Agency paper that said methane had caused about 30% of the rise in global temperature.

The Aiming for Zero initiative is led by the Oil and Gas Climate Initiative (OGCI), which in turn is led by a bunch of CEOs who are trying to accelerate the industry’s response to climate change.

The OGCI aims to reduce the average methane intensity of oil and gas operations. It wants to drive it down from 0.3% in 2017 to well below 0.2% by 2025.

Other big global companies that have signed the initiative include BP, Chevron, ExxonMobil, and Shell.

Does this make Woodside shares cleaner?

Woodside is already compliant with the initiative’s demands. Its 2021 methane emissions were less than 0.1% of production by volume. So, signing into the initiative doesn’t appear to make Woodside shares a cleaner investment.

Woodside CEO Meg O’Neill said:

Woodside’s historic focus on managing methane emissions means that we are already at less than 0.1% of our production by volume — well below the OGCI’s 2025 methane intensity target …

Minimising methane emissions has historically been a priority for Woodside. For example, frontline engineering, operations and maintenance staff are empowered to understand and act on methane emissions to support a sustainable ‘find and fix’ philosophy that can be implemented by site personnel.

OGCI executive committee chair Bjørn Otto Sverdrup said:

We hope other producers, from Australasia and beyond, will join Woodside in recognising that eliminating methane emissions from the oil and gas industry represents one of the best short-term ways to address climate change.

Signatories of the initiative pledge to report annually on their methane emissions. They also commit to using “all reasonable means to avoid methane venting and flaring, and to repair detected leaks”.

What Woodside is doing on climate change

Woodside has committed to reducing its net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025. Its goal for 2030 takes it further — to 30%.

In its half-year report, Woodside said it has a “strategy to thrive through the energy transition as a low-cost, lower-carbon energy provider”.

As we reported recently, Woodside aims to invest $5 billion in new energy products and lower-carbon services by 2030.

Among its projects is a proposed liquid hydrogen project in the United States. There’s also a proposed “world-scale liquid hydrogen and ammonia production facility” in Perth.

The post Could this nation-first action make an investment in Woodside shares cleaner? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Could international demand keep boosting Woodside shares for the next 20 years?
• 5 things to watch on the ASX 200 on Wednesday
• Have ASX 200 energy buyers missed the boat on Woodside shares?
• 5 ASX energy shares powering portfolios with the highest dividend yields

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

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week deep in the red. At the time of writing, the benchmark index is down 3.3% to 6,545.3 points.

Four ASX shares that are falling more than most today are listed below. Here’s why these ASX shares are dropping:

Block Inc (ASX: SQ2)

The Block share price is down a massive 9% to $83.86. Investors have been selling this payments company’s shares in response to weakness from its US listed shares over the last two trading sessions. This has been driven by a tech selloff in response to the US Federal Reserve’s rate hike.

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is down over 3% to 88 cents. This follows major weakness in the tech sector that has seen the S&P/ASX All Technology index fall by a sizeable 4.5% today. Given that Brainchip is a loss-making semiconductor company with little revenue, it’s impressive that its shares are holding up as well as they are in the current environment.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The Domino’s share price has continued its slide and is down a further 5% to $53.45. At one stage, this pizza chain operator’s shares dropped to a new two-year low. While today’s decline is due to the market selloff, Domino’s shares have come under pressure this year due to concerns about the impact that inflation could be having on its operations.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price is down 4% to $7.54. This is despite there being no news out of the lithium developer. However, it is worth noting that higher risk shares are being sold off today amid the market weakness. This has led to many lithium shares dropping deep into the red.

The post Why Block, Brainchip, Domino’s, and Vulcan shares are sinking today appeared first on The Motley Fool Australia.

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• Here’s why the Block share price is being smashed today
• Here are the top 10 ASX 200 shares today
• Do BrainChip shares pay dividends?
• Why did the Domino’s share price just slump to a two-year low?
• Why is the Vulcan Energy share price lifting today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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 De Grey Mining Limited (ASX: DEG) share price is on track to finish the week deep in the red.

While the gold miner’s shares are currently down 1.71% to $1.01 today, this represents a fall of almost 8% for the week.

The ASX is digesting Wall Street’s losses yesterday following the decision by the United States Federal Reserve to lift interest rates.

As a result, the broader market is treading lower along with a number of gold mining companies.

The S&P/ASX 200 Index (ASX: XJO) is falling 2.12% to 6,558.2 points.

Newcrest Mining Ltd (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) are down 0.36% and 1.06%, respectively.

Let’s take a look at why the De Grey share price is losing more of its shine.

Why are De Grey shares being hit the hardest?

Investors are continuing to sell off De Grey shares as the market reacts to the US central bank’s rate hike.

The S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down 0.86%, which is now touching 5% lower for the week.

While the Aussie stock market is now pricing in the latest move by the Fed, it’s De Grey shares that are losing most of their shine.

This is because the company is much smaller than its peers, and is also being targeted by short-sellers.

As my Motley Fool colleague James pointed out, De Grey sits within the top 10 of ASX-listed companies that have high short levels.

The last short-sale data report indicated De Grey has 7.58% of its shares that are being shorted.

In addition, gold prices have deteriorated to around US$1,670 per ounce following the US Fed Reserve decision.

When interest rates increase, investors tend to shift investments away from the yellow metal into treasury bonds.

De Grey share price summary

It has been a whirlwind year for De Grey shareholders.

The company’s shares touched a 52-week high of $1.465 earlier this year before plunging 50% in the following months.

Year to date, the share is down 17%.

Based on today’s price, De Grey presides a market capitalisation of approximately $1.45 billion.

The post Why is the De Grey share price struggling this week? appeared first on The Motley Fool Australia.

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• Gold just hit a 2-year low. What could this mean for the Northern Star share price?
• 5 things to watch on the ASX 200 on Friday
• Why Imugene, Link, Newcrest, and Zip shares are dropping
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Aaron Teboneras has positions in Northern Star Resources 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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It’s a big day for many ASX investors today. Not just because of the awful movements that we are seeing in the share market. Yes, the S&P/ASX 200 Index (ASX: XJO) has lost almost 2% today. But that belies the fact that many investors will be receiving a paycheque this Friday, which might help to make up for the depressing losses on the markets.

It’s a dividend bonanza on the ASX 200 today. Let’s go through some of the ASX shares that will be paying out their latest dividends during this session.

The first is QBE Insurance Ltd (ASX: QBE). QBE has managed to hold up relatively well over 2022, recording a small gain of 0.25% over the year to date. Investors can now look forward to receiving the 9 cents per share fully franked interim dividend that the ASX 200 insurer is sending out today.

This dividend payment is smaller than the previous final dividend of 19 cents per share that investors received in March. It’s also behind the 11 cents per share interim dividend from FY21. This gives QBE shares a dividend yield of 2.34% on current pricing.

Bega Cheese Ltd (ASX: BGA) is another dividend share that is sending a cheque investors’ way today. This ASX 200 dairy and snack foods company has had a rough year, down more than 37% in 2022 so far. So no doubt investors are looking forward to receiving the 5.5 cents per share fully franked final dividend today.

This is level with the interim dividend from March but a 10% rise over the 5 cents per share final dividend from FY21. Bega shares now have a dividend yield of 3.12%.

More ASX dividend payments incoming this Friday

Next up, we have ASX 200 gaming company Tabcorp Holdings Ltd (ASX: TAH). Tabcorp has had a big year, with the spinoff of its Lottery Corporation Ltd (ASX: TLC) division a few months ago. Today, Tabcorp investors can expect a payment of 6.5 cents per share, fully franked, for their final dividend for FY22.

That is the same payment investors received for Tabcorp’s March interim dividend and a drop from the 7 cents per share payout from FY21.  It gives Tabcorp a dividend yield of 13.68% on today’s pricing.

Let’s now check out Eagers Automotive Ltd (ASX: APE). Eagers shares have taken a big hit today, losing more than 5% of their value in the ASX 200 market selloff. But that might make the incoming dividend even more valuable to investors.

Eagers shareholders will be receiving a 22 cents per share fully franked payment this Friday. Unlike last year’s interim dividend of 20 cents per share, this will not come with a special dividend included. Today, the Eagers dividend yield stands at 5.38%.

Finally, today we have the ASX 200 mining company Mineral Resources Ltd (ASX: MIN). Mineral Resources has had a cracking year, rising a healthy 15.6% over 2022 thus far.

The $1 per share fully franked dividend that shareholders will welcome today is a bit of a drop from the $1.75 per share payment investors enjoyed last year. It brings the Mineral Resources dividend yield to the 1.47% we see today.

The post These ASX 200 dividend shares just paid out. Here’s how much appeared first on The Motley Fool Australia.

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• Own Mineral Resources shares? Your dividends are on the way
• Top broker names 2 ASX dividend shares to buy
• Looking to buy ASX shares? Expert reveals ‘one metric to assess the quality of a business’
• Here are the top 10 ASX 200 shares today
• Mineral Resources share price up 5% as miners lead the market on Tuesday

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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The BHP Group Ltd (ASX: BHP) share price is at risk of ending the year nursing losses with few signs of a letup in the headwinds pressuring the miner.

Falling iron ore prices, the sputtering Chinese economy and rising cost pressures are some of the factors hanging over its shares.

Now that BHP has shed its massive record dividend, I don’t blame you if you were thinking of cashing out.

What’s the shorter-term outlook for BHP shares

After all, we might be waiting for a while before the next positive share price catalyst. And given the BHP share price has fallen around 10% since January, shareholders might be sitting on losses for 2022.

While this ignores the in-specie distribution of Woodside Energy Group Ltd (ASX: WDS) shares, the outlook for BHP is still looking uncertain.

But I think it would be a mistake to throw in the towel. While I do take profit as I actively manage my portfolio (cash is my single largest position currently), I intend to keep my remaining BHP shares.

Flat means up for ASX iron ore shares

This is despite the iron ore price crashing from its March 2022 peak of around US$160 a tonne to approximately US$100/t.

The fact is the BHP share price is still sitting pretty at the current iron ore spot price. It roughly costs BHP US$20 to dig up and ship a tonne of ore from its Pilbara mines.

At current market prices for its key commodities, Macquarie Group Ltd (ASX: MQG) estimates a 12% and 20% earnings upside for the miner in FY24 and FY25, respectively.

Iron ore can hold its ground

BHP can continue to generate substantial cash flows even if the world goes into a recession – if iron ore holds its ground.

There are reasons to think it could. The problems with China and the global economy from rapidly escalating rate hikes are well understood. The risks are largely priced in.

Secondly, the supply of iron ore is tight even when demand is on the back foot due to production issues at Vale SA (NYSE: VALE) and Rio Tinto Limited (ASX: RIO).

Has iron ore hit a bottom?

The scope of the supply imbalance is reflected in comments by Vale that things can only get better, reported Bloomberg.

The comments came from the Brazilian miner’s head of strategy and business transformation, Luciano Siani. He said that the iron ore market has stabilised following the sell-off and commented:

“The good news is that from now on it can only get better…. There is no ore available in the near term.

Holding on to BHP shares

This doesn’t mean that the BHP share price will be protected if the S&P/ASX 200 Index (ASX: XJO) tanks.

But I believe the Big Australian can recover more quickly than those in other sectors thanks to the positive fundamentals.

Naturally, all bets are off if commodity prices crash. But that would take something rather unexpected to trigger such a meltdown.

The post 2022 hasn’t been kind to BHP shares. Here’s why I’m holding tight appeared first on The Motley Fool Australia.

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• How do investors decide which ASX 200 mining shares to buy?
• The history-making BHP dividend is being paid out today. Here’s the lowdown
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Motley Fool contributor Brendon Lau has positions in BHP Billiton Limited, Macquarie Group Limited, Rio Tinto Ltd., and Woodside Petroleum Ltd. 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 Macquarie Group 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 Betashares Global Cybersecurity ETF (ASX: HACK) is an exchange-traded fund (ETF) that gives investors exposure to a trend that is, unfortunately, growing in the world: defence against cybersecurity.

In a perfect world, there wouldn’t be any cybercrime. But the world is becoming increasingly digital. More details are accessed online. There are more transactions being done online. And so on. There is more scope for cybercriminals to get up to mischief.

Optus affected

Indeed, just today we’re learning that current and former Optus customers have potentially been involved in a data breach. The breach resulted from a cyber attack on the telecommunications company, as reported by various media including the ABC.

The ABC reports that Optus noticed “unusual activity” yesterday afternoon. The telco is now working with the Australian Cyber Security Centre (ACSC) and the Australian Federal Police.

Things like customer names, dates of birth, phone numbers, email addresses, addresses and ID document numbers such as a driver’s licence or passport numbers may have been exposed.

Optus says that services remain “safe to use and operate as per normal”.

Optus CEO Kelly Bayer Rosmarin said the number of people affected is “significant”, but didn’t say how many because it’s too early:

We want to be absolutely sure when we come out and say how many.

We’re so deeply disappointed because we spend so much time and we invest so much in preventing this from occurring.

Our teams have thwarted a lot of attacks in the past and we’re very sorry that this one was successful.

Optus isn’t the only business to suffer a cyber attack, though it is the most recent high-profile case. This is where the Betashares Global Cybersecurity ETF, or HACK, can help.

Cybercrime is growing

The Australian Cyber Security Centre Annual Cyber Threat Report 2020-21 showed that over FY21, the ACSC received over 67,500 cybercrime reports, an increase of nearly 13% from the previous financial year. It says:

A higher proportion of cyber security incidents this financial year was categorised by the ACSC as ‘substantial’ in impact. This change is due in part to an increased reporting of attacks by cybercriminals on larger organisations and the observed impact of these attacks on the victims, including several cases of data theft and/or services rendered offline.

The increasing frequency of cybercriminal activity is compounded by the increased complexity and sophistication of their operations. The accessibility of cybercrime services – such as ransomware-as-a-service (RaaS) – via the dark web increasingly opens the market to a growing number of malicious actors without significant technical expertise and without significant financial investment.

What does an ASX ETF have to do with this?

The Betashares Global Cybersecurity HACK ETF is invested in a portfolio of 37 businesses involved in cybersecurity.

Some readers may have heard of some of the largest businesses in the portfolio: Broadcom, Crowdstrike, Cisco Systems, Palo Alto Networks, Infosys, Cyberark Software, Zscaler, Fortinet, Science Applications and Booz Allen Hamilton.

As BetaShares says, the fund’s portfolio includes global cybersecurity giants and emerging players from a range of global locations.

The ETF provider expects the global cybersecurity market to rise from $137.6 billion in 2017 to $248.3 billion in 2023.

Including the annual management fee of 0.67%, the ETF has returned an average return per annum of 14.9% over the three years to August 2022.

HACK ETF share price snapshot

But, past performance is no guarantee of future performance. It’s down 24% this year, so its price is a lot cheaper.

The post Could the HACK ETF provide a hedge against future cyber fallout? appeared first on The Motley Fool Australia.

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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 BETA CYBER ETF UNITS, Cisco Systems, CrowdStrike Holdings, Inc., Fortinet, Palo Alto Networks, and Zscaler. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Broadcom Ltd. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended CrowdStrike Holdings, 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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