On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a disappointing fashion. The benchmark index fell 0.3% to 6,719.9 points.

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

ASX 200 expected to rebound

The Australian share market is expected to rebound on Tuesday following a solid start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 52 points or 0.8% higher. In the United States, the Dow Jones rose 0.65%, the S&P 500 was up 0.7%, and the NASDAQ climbed 0.75%.

Tech shares on watch

It could be a decent day for ASX 200 tech shares such as WiseTech Global Ltd (ASX: WTC) and Xero Limited (ASX: XRO) after their US counterparts stormed higher on Monday night. The tech focused NASDAQ index rose 0.75%. Investors appear to believe recent weakness has created a buying opportunity. Though, with the US Federal Reserve meeting this week, it could be a volatile few days.

Oil prices edge higher

It could be a decent day for energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) after oil prices edged higher overnight. According to Bloomberg, the WTI crude oil price is up 0.5% to US$85.53 a barrel and the Brent crude oil price has risen 0.55% to US$91.84 a barrel. Supply uncertainty outweighed demand concerns and boosted prices.

Coal dividends being paid

Coal miners Coronado Global Resources Inc (ASX: CRN) and Yancoal Australia Ltd (ASX: YAL) will be paying their respective shareholders a share of their bumper coal profits later today. Coronado is paying a 7.6 cents per share dividend and Yancoal is paying a 52.7 cents per share dividend to shareholders.

Gold price flat

Gold miners such as Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price traded flat overnight. According to CNBC, the spot gold price is fetching US$1,683.6 an ounce. The gold price is trading near a 29-month low ahead of the US Fed’s meeting.

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

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More reading

• 3 ASX energy stocks up more than 100% so far this year
• 5 ASX energy shares powering portfolios with the highest dividend yields
• Broker names 2 of the best ASX shares to buy now
• These are the top ASX 100 buy ideas from Macquarie
• 5 things to watch on the ASX 200 on Monday

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

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Are you interested in adding some ASX growth shares to your portfolio? If you are, you may want to look at the three listed below.

Here’s what you need to know about these growth shares:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer with a growing stable of brands which continue to grow in popularity with consumers. Combined with its global expansion and consistent investment in research and development, this has underpinned solid sales and earnings growth over the last decade.

Morgans is bullish on Breville and expects its solid growth to continue in the coming years. The broker currently has an add rating and $25.00 price target on its shares. This compares to the latest Breville share price of $19.33.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share that has been tipped as a buy is this pizza chain operator. It is rated highly due to its strong brand, investment in technology, and bold expansion plans. The latter sees the company aiming to more than double its network by 2033. Domino’s has also been putting its strong balance sheet to work with acquisitions. This trend could continue, increasing its potential footprint even further in the coming years.

Morgans is positive on the company’s future and sees recent weakness as a buying opportunity. The broker has an add rating and $90.00 price target on its shares. This suggests over 50% upside based on the current Domino’s share price of $58.63.

Life360 Inc (ASX: 360)

A final ASX growth share to look at is Life360. This rapidly growing location technology company is responsible for the Life360 mobile app. This market-leading app is for families and offers useful features such as communications, driver safety, and location sharing. At the last count, there were over 40 million active users of it. Life360 also recently acquired wearables company Jiobit and items tracking company Tile. These are opening the door to significant cross and upselling opportunities.

Bell Potter remains bullish on the company’s future. It currently has a buy rating and $8.23 price target on its shares. This compares favourably to the current Life360 share price of $5.69.

The post Here are 3 ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia.

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More reading

• Why Lake Resources, Life360, Pilbara Minerals, and PolyNovo shares are storming higher
• The ASX 200 is getting a shakeup today. Here’s the tea
• Out in the cold: How are the ASX 200 evictees faring on Monday?
• 5 things to watch on the ASX 200 on Monday
• $20,000 invested in these ASX shares 10 years ago is worth how much?

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 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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If you’re looking for dividend shares to buy, then read on!

Listed below are two ASX dividend shares that analysts at Morgans rate as buys. Here’s what they are saying about them:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

Morgans is feeling very positive about this coal terminal operator. It is expecting a big dividend yield in FY 2022 with modest growth in the years that follow.

The broker currently has an add rating and $2.32 price target on the company’s shares. It commented:

DBI holds the 99 year lease to the 85 Mtpa Dalrymple Bay Coal Terminal, of which c.80% of throughput is metallurgical coal (used in steelmaking). DBCT offers the cheapest export route-to-market for users within its Bowen Basin catchment region. DBCT is fully contracted from 2023 to 2028. In the current low interest rate environment, income-oriented investors will be attracted to DBI’s high cash yield and commitment to 1-2% pa DPS growth

Morgans is forecasting dividends per share of 18.3 cents in FY 2022 and 18.5 cents in FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.15, this will mean yields of 8.5% and 8.6%, respectively.

Dexus Industria REIT (ASX: DXI)

Another ASX dividend share that has been tipped as a buy by analysts at Morgans is Dexus Industria. It is a property company with a focus on industrial and logistic assets.

Morgans currently has an add rating and $3.25 price target on its shares. The broker explained:

DXI’s portfolio is valued at $1.76bn and is weighted 79% towards industrial and logistics assets. The weighted average cap rate is 5.1%; WALE 5.9 years; and occupancy 97%. DXI is trading at a discount to NTA, offers an attractive yield with solid underlying portfolio metrics and has near/medium-term growth opportunities via the development pipeline.

Its analysts are forecasting dividends of 16.4 cents per share in FY 2023 and 16.9 cents per share in FY 2024. Based on the current Dexus Industria share price of $2.66, this will mean yields of 6.2% and 6.35%, respectively, for income investors.

The post Broker names 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 300 company earnings results you might have missed

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 Global Lithium Resources Ltd (ASX: GL1) share price stumbled into the red today, finishing the day 4.68% lower at $2.65.

Despite reaching its 52-week highs of $2.93 last Thursday, the share has taken a sharp reversal and now trades more than 9.5% off that point.

Today investors sold off Global Lithium shares following a company announcement.

Why did investors sell Global Lithium today?

The company released results from the second round of preliminary metallurgical test work carried out after diamond core drilling from the Marble Bar Lithium Project.

Specifically, Global says that BGRIMM Technology Group has been engaged by the company to carry out the test work in Beijing, China.

Global notes the preliminary test work achieved “excellent results”, leading to the potential development of flow sheets and other processing options.

Speaking on the release, Global Lithium Managing Director Ron Mitchell said:

This second round of preliminary results from the ongoing metallurgical test work for our MBLP continue to impress with grades and recoveries produced meeting industry expectations. Achieving lithium recoveries of 85% is certainly something we are excited about.

These results, as did the initial results released in August, fully support the prospect of MBLP becoming a standalone lithium operation in the years to come.

The company says that further test work is required to improve the concentrate grade and lithium recovery.

It also says that further investigation into additional trace elements will be conducted on test samples.

The down-leg in Global Lithium’s share price today is at odds with the remainder of the ASX lithium basket, itself catching a strong bid today as the price of lithium carbonate reached all-time highs again last week.

Chief to the upside is the demand-supply equation for the industry whereby demand for electric vehicles (EVs) is seeing equally as strong demand for batteries to fulfil this gap in the market.

The result has been a sustained and consistent upswing in the price of lithium for at least 12 months, creating a potential barrier to entry in the process, but also a large incentive to explore and produce the battery metal.

In the meantime, the Global Lithium share price has soared 516% in the past 12 months.

The post Global Lithium share price stumbles despite ‘positive’ step appeared first on The Motley Fool Australia.

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More reading

• 3 ASX lithium shares smashing new, all-time highs on Monday
• Global Lithium share price sinks despite lithium project update
• Back baby! 5 ASX lithium shares smashing all-time highs today
• Why is the Global Lithium Resources share price rocketing 11% today?
• Mineral Resources share price lifts amid lithium stock buy-up

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 Micro-X Ltd (ASX: MX1) share price exploded today on news of a $15 million investment.

Micro-X shares surged 37% from 13.5 cents to 18.5 cents before retreating. The company’s shares finished the day up 26%.

Let’s take a look at what this ASX medical tech share reported.

New strategic partnership

Micro-X has formed a strategic partnership with Varex Imaging Corporation (NASDAQ: VREX). Varex is said to be the biggest independent manufacturer of x-ray technology components in the world.

Varex will pay Micro-X US$5 million (about A$7.5 million) for a global exclusive licence to use Micro-X’s NEX technology. Under the deal, Varex will be able to design, make and sell multi-beam x-ray tubes using this technology.

Further, Varex will take a 9.9% stake in Micro-X via a share placement of 50,709,000 shares at 14.7 cents per share. This investment is valued at nearly $7.5 million. In total, this would take Varex’s investment in Micro-X to about $15 million.

Commenting on the news, Micro-X managing director Peter Rowland said:

This long-term investment will continue to promote Micro-X on the world stage, as a leader in innovative products and technology that is designed to make lives better.

This collaboration contributes hugely to our future growth and allows us to continue to focus on future medical and security imaging applications for our proprietary NEX Technology

Micro-X is holding an investor call at 9am on Tuesday to discuss this news.

Micro-X share price snapshot

The Micro-X share price has slid 42% in the past year, while it has fallen 33% year to date.

For perspective, the S&P/ASX 200 Health Care Index (ASX: XHJ) has fallen nearly 14% in a year.

Micro-X has a market capitalisation of about $78 million based on the current share price.

The post Guess which ASX medical tech share soared 37% at one point today appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• How many Woolworths shares does the CEO hold after his $8.4 million sell-down?
• Why is the Allkem share price bolting out the gate on Monday?
• Leading brokers name 3 ASX shares to buy today
• Why ‘we’re quite bullish’ on this battered ASX 200 growth share: fundie

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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Despite posting a decent start to the week, the S&P/ASX 200 Index (ASX: XJO) slipped into the red on Monday afternoon. The index closed 0.29% lower at 6,719.9 points today.

Its slip followed a rough Friday on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) ended last week with a 0.4% fall while the S&P 500 Index (SP: .INX) fell 0.7% and the Nasdaq Composite Index (NASDAQ: .IXIC) slumped 0.7%.

Back home, the S&P/ASX 200 Utilities Index (ASX: XUJ) was the market’s biggest weight today, diving 1.4%.

The S&P/ASX 200 Energy Index (ASX: XEJ) also posted a decline, slipping 1.1% despite oil prices remaining relatively steady on Friday.

The Brent crude oil price rose 0.6% to close 1.6% lower week on week at US$91.35 a barrel while the US Nymex crude oil price gained a single cent to end the week 1.9% lower at US$85.11 a barrel.

But not all was dire on the ASX 200 today. The S&P/ASX 200 Real Estate Index (ASX: XRE) gained 0.8% while the S&P/ASX 200 Materials Index (ASX: XMJ) lifted 0.02%.

But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

The Lake Resources NL (ASX: LKE) share price outperformed all others on Monday. Its 12% gain came on the back of an update on the company’s Kachi Project.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Lake Resources NL (ASX: LKE)	$1.045	12.37%
OZ Minerals Limited (ASX: OZL)	$26.13	3.49%
Pilbara Minerals Ltd (ASX: PLS)	$4.75	3.49%
Sandfire Resources Ltd (ASX: SFR)	$3.99	3.37%
Northern Star Resources Ltd (ASX: NST)	$7.61	2.84%
Abacus Property Group (ASX: ABP)	$2.71	2.65%
St Barbara Ltd (ASX: SBM)	$0.82	2.5%
Mineral Resources Limited (ASX: MIN)	$68.00	2.43%
GPT Group (ASX: GPT)	$4.13	2.23%
Shopping Centres Australasia Property Group (ASX: SCP)	$2.53	2.02%

Our top 10 ASX 200 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

• Leading brokers name 3 ASX shares to buy today
• Why Lake Resources, Life360, Pilbara Minerals, and PolyNovo shares are storming higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• 3 ASX mining shares going gangbusters on Monday
• 3 ASX lithium shares smashing new, all-time highs on Monday

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 positions in and has recommended Shopping Centres Australasia Property Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woolworths Group Ltd (ASX: WOW) share price is edging higher today despite a recent sell-down by the company’s CEO.

At market close on Monday, the Woolies share price finished up 0.2% at $34.67.

In contrast, the S&P/ASX 200 Index (ASX: XJO) backtracked to 6,719.9 points, down 0.29%.

CEO offloads Woolworths shares

Investors appear unfazed by the company’s latest announcement, sending the Woolworths share price into positive territory.

According to the release, Woolworths CEO Brad Banducci sold a portion of his shares between 30 August and 1 September.

In total, 230,000 Woolworths shares were offloaded in an on-market trade for an average price of $36.36 per share. The transaction equates to the value of $8.36 million.

While this isn’t uncommon, as CEOs sell for various reasons, the company noted the sale was due to fund taxation obligations.

However, this was after Banducci received 111,849 shares as part of his remuneration, following the vesting of performance share rights on 26 August. The value of this is around $4.11 million (at $36.76 apiece).

Following the sale, Banducci now has a shareholding of 247,578 Woolworths shares, which are held in a family trust.

The last time Banducci offloaded his Woolworths shares was in August 2021, when he sold 140,000 shares at $41.45 each.

Woolworths share price snapshot

Despite edging higher today, the Woolworths share price is down 12% over the last 12 months.

Based on today’s price, Woolworths commands a market capitalisation of approximately $42 billion, with about 1.21 billion shares on hand.

The post How many Woolworths shares does the CEO hold after his $8.4 million sell-down? appeared first on The Motley Fool Australia.

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• Are these ASX blue-chip shares losing their defensive benefits?
• Attention Endeavour shareholders: Here’s some news on your dividends
• Have Woolworths shares ‘got their mojo back’?
• Supermarket shakeup: Do Coles shares offer better dividends than Woolworths?
• Down 6% in a month, is September a good time to buy Woolworths shares?

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 Allkem Ltd (ASX: AKE) share price has performed well today and is now trading around 3% in the green at $15.39.

Investors have rallied behind the share today on no news. So what’s the deal? And does Allkem represent compelling value as an investment right now? Let’s take a look.

Allkem share price edges higher

Whilst there’s been no market-sensitive information released today, the price of lithium carbonate continues to be a standout amongst the ASX lithium basket.

Whilst most other commodity baskets have cooled off in recent months, prices for the unrefined battery metal have nudged back to its all-time high of A$105,860 per tonne today.

A number of catalysts have weighed in, but most notably, the asymmetry in the demand for electric vehicles (EV) and supply of lithium is chiefly responsible for the upside.

It places serious doubts over Goldman Sachs’ projections earlier in the year calling for the end to the battery metals bull market, and that the lithium trade had been exhausted.

However, as it goes in markets, a fresh set of catalysts has emerged and this includes legislative changes in the U.S. under the ‘inflation reduction act’ that sees tax breaks for EV owners.

And zooming out, we can see the strengths across the board in the ASX lithium basket, trends that have been building on each other for some time now.

For Allkem, the number of buyers still bidding up lithium shares has been tremendously positive, with the share recently kissing its 52-week high of $15.99 on 13 September before pulling back to range.

Does the Allkem share price represent value?

Firstly, Allkem came in with a strong set of numbers in its FY22 annual report. Looking at the cash flow statement, it printed net cash from operations of $396 million, up from $45 million the year prior.

Meanwhile, capital expenditures (CAPEX) was up 64% year on year to $161 million made up of additional investment in property, plant and equipment (PP&E).

It brought this down to a net income of $324 million and also realised free cash flow of $294 million, each up more than triple digits from last year.

The share is also trading at a 19.7 times price-to-earnings ratio (P/E) and it is priced at 2.15 times book value of equity (P/Book).

Compared to the GICS Metals & Mining Industry median P/E and P/Book, the share is trading at a premium of 55% and 2.4% respectively.

Allkem is also trading at a premium to its 3-year P/E and P/Book historical averages by 42% for both, according to Refinitiv Eikon data.

Hence the question becomes if these figures do represent value, or if the slight premium relative to peers and historical averages is justified by the company’s strong FY22 performance.

Brokers remain tilted bullish with 9 out of 14 analysts still advocating to buy, down from 11 saying it’s a buy one month ago, per Refinitiv.

However, the consensus price target is $16.53 from the list, indicating a small amount of upside to be captured if the group is correct.

Net-net, it appears as if there’s a case to be made for the share to be trading at a premium. However, a further pullback in the Allkem share price would bring the multiples listed above closer to the peer group.

In the meantime, the Allkem share price has lifted more than 64% in the past 12 months.

The post Why is the Allkem share price bolting out the gate on Monday? appeared first on The Motley Fool Australia.

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More reading

• 2 fantastic ASX 200 shares analysts say are buys
• ASX lithium shares take a beating on Friday
• Back baby! 5 ASX lithium shares smashing all-time highs today
• The Vulcan share price sank 7% today in ASX sea of red
• 3 ASX 200 mining shares that smashed all-time highs on Tuesday

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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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:

Airtasker Ltd (ASX: ART)

According to a note out of Morgans, its analysts have retained their add rating and $1.05 price target on this small jobs marketplace provider. Whilst the broker acknowledges the current volatile market conditions and broader sector sentiment, it continues to remain attracted to the strong growth opportunity ahead for Airtasker. This is based on the company successfully implementing its strategy of penetrating the “prodigious TAM opportunity” both at home and overseas. The Airtasker share price is trading at 35 cents on Monday.

CSL Limited (ASX: CSL)

A note out of Macquarie reveals that its analysts have retained their outperform rating and $329.50 price target on this biotherapeutics company’s shares. Macquarie highlights that CSL’s recent phase 3 trial of garadacimab was successful and brings the hereditary angioedema (HAE) treatment closer to approval. The broker believes it could command almost half of the market in the coming years if it is approved by regulators. The CSL share price is fetching $283.09 today.

GPT Group (ASX: GPT)

Analysts at Citi have upgraded this property company’s shares to a buy rating with a $4.90 price target. The broker made the move on valuation grounds after significant weakness in 2022. Citi highlights that GPT’s shares have fallen ~25% year to date and are now trading at a ~35% discount to NTA with a forward PE of ~12x. In Citi’s view, this is starting to present a reasonable margin of safety. The GPT share price is trading at $4.13 on Monday.

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

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker Limited. 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 rough year so far the share price of S&P/ASX 200 Index (ASX: XJO) growth stock Hub24 Ltd (ASX: HUB).

The tech stock has dumped 24% since the start of 2022 to trade at $22.26 today.

That leaves it having underperformed its sector – the S&P/ASX 200 Financials Index (ASX: XIJ) – by around 15%. The sector has dumped 9% this year while the ASX 200 has slumped 11%.

But experts at Wilson Asset Management expect big things from the financial services company. The stock is held by the investment manager’s listed investment companies, WAM Capital Limited (ASX: WAM) and WAM Active Limited (ASX: WAA).

Here’s why one fundie is “quite bullish” on the Hub24 share price.

Is now the time to buy this ASX 200 growth share?

The Hub24 share price could be set to take off after underperforming the ASX 200 over the course of this year so far.

The company provides platform services to entities working in the financial sector. And equity analyst Sam Koch thinks it’s among the best of its bunch, naming it a high conviction stock pick. Koch says:

Hub have made a number of strategic acquisitions over the last couple of years that have really enhanced their platform capability, especially relative to its peers.

We believe that this enhancement will drive an acceleration [in] organic growth for the business and we’re quite bullish on that medium term.

The most recent of such acquisitions was, of course, its takeover of formerly ASX-listed Class.

Hub24 ultimately paid 12.5 cents cash and 1 Hub24 share for every 11 Class shares for the cloud-based wealth accounting technology provider.

The Hub24 share price launched to a record high of $34.72 when it announced the takeover in October. It has since tumbled 35%.

The ASX 200 share also snapped up its formerly ASX-listed peer Xplore Wealth and Ord Minnett’s non-custody Portfolio Administration and Reporting Service, as well as a significant stake in Diverger Ltd (ASX: DVR) (previously known as Easton Investments), in 2020.  

Hub24 share price snapshot

The Hub24 share price has had a rough trot recently. Looking longer term, however, the ASX 200 share has been a strong performer.

The stock has fallen 24% over the past 12 months but it has gained 300% over the last five years.

For comparison, the ASX 200 has fallen 7% since this time last year but has lifted 18% over the last five years.

The post Why ‘we’re quite bullish’ on this battered ASX 200 growth share: fundie appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are 3 ASX 200 shares going ex-dividend on Monday
• Hub24 share price slumps despite dividend doubling on record growth

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24 Ltd. The Motley Fool Australia has positions in and has recommended Hub24 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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