The Mesoblast limited (ASX: MSB) share price has been a standout performer in recent trading sessions.

Over the last six sessions, the biotechnology company’s shares have risen a sizeable 14% to 93 cents.

That’s despite there being no news out of the company during this time.

What is driving the Mesoblast share price higher?

While it remains unclear why the Mesoblast share price has suddenly taken off, it is worth noting that there has been some significant insider buying recently.

Earlier this week, the company revealed that its newest director, Jane Bell, has been picking up shares since her appointment.

According to a change of director’s interest notice, Bell more than doubled her holding on 7 September with the purchase of 133,333 shares through an on-market trade.

The director paid an average of approximately 83 cents per share, which equates to a total consideration of $109,999.73. This increased her holding to 247,618 shares.

Insider buying is often interpreted as a bullish signal for investors as nobody knows a company better than its directors. And Bell certainly is positive on Mesoblast’s outlook.

When she was appointed as a director in August, Bell revealed that she was excited about what lies ahead for Mesoblast. She commented:

I look forward to joining the Mesoblast Board at such an exciting stage in the company’s transition to a commercial organization, with its deep cell therapy product pipeline. The potential FDA approval and launch in the US market of the first allogeneic cell therapy is an incredibly exciting opportunity for me to be involved with and I look forward to using my background and experience to make a strong contribution.

The post Why has the Mesoblast share price marched 14% higher in 6 days? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Looking to buy Mesoblast shares? Here’s the latest on where the ASX biotech is at with the FDA
• Mesoblast share price lifts 5% despite hefty loss
• Why has the Mesoblast share price tumbled 10% so far in August?

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.

from The Motley Fool Australia https://ift.tt/Sjb8iXA

It’s hard enough to consistently beat the market, whether that be the S&P/ASX 200 Index (ASX: XJO), or the S&P/ASX 300 Index (ASX: XKO). But doing so without ASX energy shares over 2022, in particular, is a hard ask indeed.

After all, the ASX 300 has lost around 9.7% year to date. But the S&P/ASX 200 Energy Index (ASX: XEJ) has gained a whopping 34.3%.

That’s been helped by ASX energy shares like Woodside Energy Group Ltd (ASX: WDS), which is up by around 50% in 2022 thus far. Whitehaven Coal Ltd (ASX: WHC) shares have gained an extraordinary 224% or so over the same period.

The ongoing war in Ukraine, as well as rising global inflation, has pushed energy prices up to historically high levels this year, to which any motorist would be able to attest.

And yet, the Ethical Partners Australian Share Fund has managed to beat the market. And without investing in fossil fuel shares at all. As an ethical fund, this fund manager excludes any fossil fuel-producing shares from its investing universe.

That’s along with any company involved with gambling, alcohol, tobacco, uranium, weapons or predatory lending, as per the fund’s environmental, social and governance (ESG) investing framework.

According to the fund manager, the Fund’s C class units have delivered a loss of just 13.5% over the year to 31 August. That’s an outperformance of almost 4% against the ASX 300 Index.

So how has this managed fund done it?

Beating the market without ASX energy shares

Well, let’s look at what kind of shares the Ethical Partners Australian Share Fund currently holds for an idea. So Ethical Partners fund manager Nathan Parkin recently sat down for an interview with the Australian Financial Review (AFR). He named several of the fund’s winning ASX 300 shares.

The first is Graincorp Ltd (ASX: GNC). Graincorp shares are up more than 32% over the past year, and rose around 30% between January and May on the back of rising food prices. Here’s what Parkin said on the fund’s Graincorp position:

You’ve got to look in different places… There’s a shortage of energy in the world, but there’s also a shortage of wheat. It’s somewhat of a hedge. The things that are affecting oil and gas are also affecting wheat.

Qantas Airways Limited (ASX: QAN) is another company that Parkin likes. He pointed out how Qantas is “committed to reducing carbon emissions by 25 per cent by 2030 from 2019 levels”. Qantas shares have gained more than 26% over the past two months or so.

So this just goes to show that funds can deliver outperformance, even when they actively exclude what might be one of the best-performing sectors on the ASX 300 Index.

The post How this fundie is beating the ASX 300 without fossil fuels appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Qantas share price lifts 3% following Wednesday’s rout
• Why is the Woodside share price surging 4% on Thursday?
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• While the Qantas share price is stalling, Rex is surging 5%. What’s happening?

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.

from The Motley Fool Australia https://ift.tt/K9EYAPG

The Qantas Airways Limited (ASX: QAN) share price has returned to form on Thursday.

In afternoon trade, the airline operator’s shares are up 3% to $5.38.

Why are its shares lifting off?

Investors appear to have been bidding the Qantas share price higher today following the release of data from the Bureau of Infrastructure and Transport Research Economics (BITRE).

That data shows that the cheapest domestic airfares have doubled since January following another sizeable jump in September.

There have also been sizeable increases in business and restricted domestic fares according to BITRE, which all bodes well for Qantas’ margins.

Where next for its Qantas share price?

The good news for shareholders is that brokers are overwhelmingly positive on the prospects of the Qantas share price.

For example, according to a note out of Macquarie, its analysts have an outperform rating and $7.05 price target on the company’s shares. Based on the current Qantas share price, this implies potential upside of 31% for investors over the next 12 months.

The team at JP Morgan are even more positive on the airline. Earlier this week, the broker retained its overweight rating and lifted its price target to $7.40. This suggests even greater upside of 38% for investors.

JP Morgan notes that the company’s shares are trading at a sizeable discount to US airline stocks. However, it doesn’t believe this should be the case given its superior position in the domestic market.

Are there any bears?

One bearish broker that I’m aware of is Citi. Its analysts currently have a sell rating and $4.72 price target on the company’s shares. The broker has concerns over the company’s earnings targets given the current environment. It is explained:

How long will consumers remain inelastic? On an absolute level we think QAN guiding to essentially FY19 levels of EBITDA, despite the current environment, indicates the company is being managed well for shareholders. However on a relative basis, we see this as a high hurdle and the potential risk/reward skewed to the downside with the consumer potentially softening. Subsequently we retain our cautious view, and look for signs of RASK holding up through 2H23 before getting more positive.

The post Qantas share price lifts 3% following Wednesday’s rout appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• While the Qantas share price is stalling, Rex is surging 5%. What’s happening?
• What’s the growth runway for Qantas shares in the coming year?
• Qantas share price holds firm despite Virgin ‘Switch-A-Roo’ play
• What’s boosting the Qantas share price on Monday?
• Qantas share price ends week in the red despite green update

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.

from The Motley Fool Australia https://ift.tt/WkQFP23

Fortescue Metals Group Limited (ASX: FMG)’s $1.21 per share final dividend is only weeks away from landing in shareholders’ accounts.

And the company has announced exciting news for those not interested in receiving the offering in cash.

Let’s take a look at the latest announcement from the S&P/ASX 200 Index (ASX: XJO) mining favourite.

The Fortescue share price is trading at $17.97 at the time of writing.

Reinvesting your Fortescue dividends? Read this

Fortescue has revealed the allocation price for its dividend reinvestment plan (DRP), allowing investors to receive their final dividend in the form of additional shares.

The DRP will be priced at $17.737 this time around.

That means shareholders who pledge the entirety of their promised dividends to the plan will receive one new share for every 14.65 shares they already hold.

Any remaining dividends unable to make up the value of a whole share will be retained by the company. They will then go towards the DRP with the next dividend.

The allocation price represents the average of the daily volume weighted average market price of all Fortescue shares traded on the ASX over the five sessions from 8 September.

The company declared a $1.21 per share, fully franked final dividend last month. That was 43% less than it offered shareholders at the end of financial year 2021.

The final dividend brought its full-year payout to $2.07, representing a payout ratio of 75% of its net profit after tax (NPAT) – which came in at approximately US$6.2 billion.

Fortescue shares traded ex-dividend on 5 September.

Of course, shareholders who opt into the DRP are still eligible for franking credits attached to the dividend. They will also dodge fees normally associated with increasing their stake in the company.

Fortescue will pay out its final dividend in two weeks’ time. Shares issued under the DRP are expected to go out that same day.

The post Reinvesting your Fortescue dividends? Here’s what you need to know appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• ASX 200 mining shares stage significant rebound in afternoon trading
• Rio Tinto share price slides despite new $3bn iron ore project
• Why is the Fortescue share price getting hammered on Wednesday?
• Expert predicts stock market will crash 20% lower in the next four weeks as US inflation rages out of control
• Why are ASX 200 shares tumbling like dominos on Wednesday?

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.

from The Motley Fool Australia https://ift.tt/BXCY1Mp

It’s been a year of extremes in 2022, ranging from market turbulence to natural disasters none of us could pick.

For the Suncorp Group Ltd (ASX: SUN) share price, along with other insurers, the latter has been weighing in on pricing distribution this year to date.

What’s up with the Suncorp share price?

There’s been nothing market-sensitive out of Suncorp’s corner today, or this week.

However recent data compiled by NRMA Insurance illustrates that 26,515 claims were filed nationally in the last period.

The numbers make “it the worst winter for damage to homes and vehicles since 2016,” The Australian reports.

The higher perils and claims costs were attributed to the colossal flooding experienced earlier this year, however, other natural disasters were at fault as well.

And it doesn’t look to be letting off either.

The Bureau of Meteorology has suggested we can expect a 3rd La Nina weather pattern to remain in situ over spring and summer, says The Australian.

This is characterised by higher levels of rainfall, alongside strong winds and other wild weather, that is uncharacteristic of an Australian summer.

What this means for Suncorp looking ahead, is anyone’s guess. You can’t predict the weather, right?

Still, almost 62% of all home claims and approximately 25% of automotive claims stemmed back to wild weather last period, each up substantially year on year, NRMA said.

Following the floods of the Hawkesbury–Nepean river and mid-north coast this year, the Federal Government announced a reinsurance pool for cyclones and related flood damage in Northern Australia.

Suncorp says it will continue working with the government on this.

In the meantime, the Suncorp share price has lost more than 16% over the past year to date.

The post Why is the Suncorp share price failing to shine today? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Analysts name 2 quality ASX shares to buy for a retirement portfolio
• The Suncorp share price has dived 8% since ANZ’s takeover bid. What’s happening?
• Why has the Suncorp share price been struggling in August?
• Can ANZ’s latest acquisition help it catch up to the other ASX 200 bank shares?

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.

from The Motley Fool Australia https://ift.tt/p32YXNh

The IGO Ltd (ASX: IGO) share price is gaining ground on Thursday despite trading ex-dividend today.

At the time of writing, the shares of the battery materials producer are up 0.79% to $14.67 a share.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.55% to 6,866.3 points following yesterday’s nasty sell-off.

Let’s take a look at why IGO shares are trading higher on Thursday.

Why is the IGO share price powering up today?

As the ASX recovers from Wednesday’s $60 billion hit, the IGO share price is following suit.

This is because of the positive investor sentiment surrounding ASX lithium shares at the moment.

If you manage to scoop up some IGO shares yesterday and owned them at market open, you’ll be eligible for the company’s upcoming dividend.

IGO will pay shareholders a fully franked dividend payment of five cents per share on 30 September.

Although the final dividend is lower than H2 FY21’s 10 cents per share, the full-year dividend is the same amount as paid in FY21.

IGO did not pay an interim dividend for FY21.

Are IGO shares a buy?

Following the company’s full-year results, a couple of brokers have weighed in on the IGO share price.

As reported by ANZ Share Investing, Jefferies raised its price target by 3.2% to $16 per share.

In addition, JP Morgan had a more bullish outlook, lifting its price target by 16% to $16.30 apiece.

Based on the current share price, this implies an upside of around 8.5%.

IGO share price summary

Over the past 12 months, the IGO share price has risen by almost 50% due to momentum in commodity prices.

On the other hand, the S&P/ASX 200 Materials Index (ASX: XMJ) is flat over the same period.

IGO shares are a whisker away from their all-time high of $15.26 reached in April this year.

Based on today’s price, IGO commands a market capitalisation of approximately $11.1 billion and has a dividend yield of 0.33%.

The post Lithium mania: IGO share price lifts despite trading ex-dividend appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 things to watch on the ASX 200 on Thursday
• Hoping to dig into the next IGO dividend? Here’s what to do
• Here are the top 10 ASX 200 shares today
• IGO share price slips on JV ‘significant lithium potential’
• How do IGO shares compare to Mineral Resources following earnings season?

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.

from The Motley Fool Australia https://ift.tt/NqMXxz1

Yesterday’s carnage on the ASX share market seemed to finally put a stop to the relentless march of ASX lithium shares. Yesterday, we saw lithium shares like Pilbara Minerals Ltd (ASX: PLS) and Allkem Ltd (ASX: AKE) lose more than 3%. This dented the recent rise of the shares, which have seen outsized gains over the past month or so.

But today, all seems forgiven.

ASX lithium shares are once again on fire. And even that’s a slight understatement. We have seen not one, not two, but five of these shares hit all-time highs during this Thursday’s session so far.

First up is Pilbara Minerals, the arguable flagship lithium share of the ASX. Pilbara Minerals took a 3.16% hit yesterday. But today, the company has made up for that, and then some. Pilbara shares hit a new record high of $4.79 each just before midday today.

That puts the Pilbara share price up an extraordinary 48% over the past month alone. The company is currently up a healthy 4.14% at $4.78 a share at the time of writing.

But it doesn’t stop there.

More ASX lithium shares hitting record highs on Thursday

We’ve also seen a new high from Allkem. Allkem shares also took a 3.06% haircut yesterday. But again, all is forgotten today, with Allkem shares currently up 2.81% at $15.935 each. The company touched a new record high of $16.08 earlier in the session.

Some lesser-known ASX lithium shares are also riding the coattails today. Let’s look at Leo Lithium Ltd (ASX: LLL). This company was immune to yesterday’s market carnage, gaining more than 7%.

It has backed this up today with another gain worth 9.66%, putting it at 79 cents a share. This company’s new high is 81 cents though, which Leo Lithium hit this morning.

Turning to Global Lithium Resources Ltd (ASX: GL1), we have yet another lithium company at a new all-time high. This company is up an extraordinary 17.89% so far today, currently at its record high of $2.90 a share.

Our final share to check out is IRIS Metals Ltd (ASX: IR1). IRIS Metals shares are also burning hot today. This ASX lithium share is currently up by 11.57% at $2.17 each. The company’s new record high stands at $2.19 a share, which happened earlier this afternoon.

So it’s unclear what is sparking this rush into lithium today. Maybe investors are keen to get back in after getting spooked yesterday. It’s worth pointing out though that earlier this week, we looked at one ASX expert’s opinion that ASX lithium shares are the “buy now, pay later of 2022”. Perhaps that explains what is going on.

Either way, it’s quite a party for ASX lithium shares on the markets today.

The post Back baby! 5 ASX lithium shares smashing all-time highs today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Pilbara Minerals share price rebounds, wiping all of Wednesday’s losses
• Why is the Global Lithium Resources share price rocketing 11% today?
• Mineral Resources share price lifts amid lithium stock buy-up
• The Vulcan share price sank 7% today in ASX sea of red
• How are ASX lithium shares faring amid Wednesday’s carnage?

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.

from The Motley Fool Australia https://ift.tt/J7yEvFX

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Warren Buffett has a lifetime of investing experience under his belt, and he’s justly earned the reputation as one of history’s greatest stock pickers. From 1965 through 2021, his company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), posted an average annual return of 20.1% — absolutely trouncing the S&P 500 index’s 10.5% return across that stretch.

If you’ve got some spare cash just waiting to be put to use, taking some cues from the Oracle of Omaha could help you turn that money into a much larger sum. Read on for a look at two Buffett-backed stocks that look like surefire winners for long-term investors. 

1. Amazon

inflation and rising interest rates have caused investors to become much more cautious about growth stocks this year. Inflationary pressures have also led to rising costs for Amazon‘s (NASDAQ: AMZN) e-commerce business, and this headwind has coincided with the company making some massive infrastructure and technology investments that have hurt the company’s profitability.

Making matters worse, the big investments in the company’s e-commerce business have coincided with weaker demand as pandemic-related conditions have eased in many parts of the world.

With so many negative catalysts occurring in tandem, it’s not surprising that Amazon is down substantially this year. The tech giant’s share price is down roughly 20% so far in 2022 and 29% from the high that it hit last year. Despite big sell-offs, the drop-off in profitability has resulted in the company’s price-to-earnings (P/E) ratio skyrocketing. However, the stock still looks poised to be a big winner for long-term investors.  

AMZN PE Ratio data by YCharts

Amazon’s e-commerce business is going through growing pains, but the company’s moves to increase its scale and infrastructure advantages will likely wind up paying off. While the online retail business accounts for the large majority of the company’s revenue, it has relatively low margins; in fact, it doesn’t contribute nearly as much to overall earnings as Amazon Web Services (AWS), the company’s cloud infrastructure business — and that’s even when conditions are more favorable.

But warehouse and delivery automation stands to make the e-commerce business much more profitable over the long haul, and the trend could prove very rewarding for patient shareholders. 

In the meantime, investors can feel confident knowing that AWS is on track to continue serving up profitable growth. The segment posted 33% year-over-year sales growth and a 29% operating income margin in the second quarter, and the long-term demand outlook for cloud infrastructure services remains incredibly favorable. 

With leading positions in two promising industries and a fantastic track record when it comes to innovation and execution, Amazon is built for success. 

2. Berkshire Hathaway

Berkshire has scored big wins this year by investing in energy company Occidental Petroleum and video game publisher Activision Blizzard, Inc.(NASDAQ: ATVI), which is on track to be acquired by Microsoft Corporation (NASDAQ: MSFT). Buffett’s investment conglomerate has also outperformed the market in 2022 thanks to its value-oriented approach and focus on backing high-quality businesses.

Apple, Bank of America, Coca-Cola, Chevron, and American Express stand as the investment conglomerate’s five largest stock holdings, and investing in Berkshire Hathaway will give your portfolio exposure to these stocks, as well as the company’s fully owned insurance and energy businesses and other subsidiaries.

The company also has a massive cash pile to work with, too. As of its last filing, Berkshire had $105.4 billion in cash, and keeping a lot of money on the sidelines has proven to be a smart move due to turbulent trading for stocks this year. With the S&P 500 index down roughly 15% this year and the Nasdaq Composite index down roughly 25%, Buffett now has opportunities to go deal hunting for stocks and potential acquisitions.

News that Berkshire has invested in a stock often sends that company’s share price higher, and so owning a stake in the investment conglomerate gives you exposure to those companies before news of Buffett’s latest buys hits the wires. Berkshire’s market-crushing track record speaks to the quality of the management team, which includes Buffett, Vice Chairman Charlie Munger, and some younger blood who have come on board too — all working to grow your wealth. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 2 unstoppable Warren Buffett stocks that can turn sitting cash into growing wealth appeared first on The Motley Fool Australia.

(function() { function setButtonColorDefaults(param, property, defaultValue) { if( !param || !param.includes(‘#’)) { var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0]; button.style[property] = defaultValue; } } setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’); setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’); setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’); })()

More reading

• Why Amazon and Apple stocks slumped Tuesday
• Why Amazon stock popped today
• The best investment, according to Warren Buffett, and how you can own it
• Better buy: Shopify vs. Amazon stock
• Why Amazon stock stumbled today

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Keith Noonan has positions in Activision Blizzard. The Motley Fool has positions in and recommends Activision Blizzard, Amazon, Berkshire Hathaway (B shares), and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Activision Blizzard and Microsoft. The Motley Fool Australia has recommended Activision Blizzard. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

from The Motley Fool Australia https://ift.tt/HaOYV8I

ASX copper shares are having a mixed day on the market today. Copper prices fell overnight, however Morgan Stanley has also improved its outlook on copper.

Copper miners on the ASX include OZ Minerals Limited (ASX: OZL), Sandfire Resources Ltd (ASX: SFR) and Copper Mounting Mining Corporation (ASX: C6C).

Other copper explorers include Chalice Mining Ltd (ASX: CHN), BHP Group Ltd (ASX: BHP) and Hot Chili Ltd (ASX: HCH)

Let’s take a look at what’s impacting ASX copper shares today.

Improved copper outlook

Morgan Stanley has improved its copper price prediction for the long term, The Australian reported today.

The broker has lifted its long-term copper outlook by 15% to US$7,540, according to the publication. Analysts said:

Our new bottom-up modelling suggests 2030 copper and aluminium demand could be 24 per cent and 26 per cent higher than current levels.

However, with investment in new supply lagging, we see larger deficits ahead, driving stronger medium-term prices.

Sandfire Resources shares are climbing 0.48% today, while BHP shares are lifting 1% and Chalice Mining shares are rising 0.47%.

However, Copper Mounting Mining shares are falling nearly 4%, while Hot Chili shares are down 3%. The OZ Minerals share price is 0.02% in the red at the time of writing.

Copper prices fell nearly 1% to US$7,803 per tonne overnight amid concerns inflation could drive up the US dollar, impacting commodities. WisdomTree analyst Nitesh Shah, in comments cited by mining.com, said:

If the US is raising rates faster than other countries, that will exert upward dollar pressure and all commodities priced in dollars will take a hit

The post What’s with ASX copper shares on Thursday? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why a leading fund manager rates these 2 ASX 200 mining shares as buys
• ASX 200 shares dump $60 billion in horror session. Here’s how Wednesday unfolded
• ASX 200 mining shares stage significant rebound in afternoon trading
• Rio Tinto share price slides despite new $3bn iron ore project
• The BHP share price is tumbling today, but here’s why Macquarie is bullish

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.

from The Motley Fool Australia https://ift.tt/U8ZYhPo

Over the last few years, the Rio Tinto Limited (ASX: RIO) dividend has been among the most generous on the Australian share market.

The mining giant has been able to reward shareholders with bumper dividend payments thanks to its world class operations and favourable commodity prices.

For example, in FY 2021, Rio Tinto paid total dividends per share (including special dividends) of US$5.61. Based on current exchange rates, this equates to A$8.30 per share, which represents a sizeable fully franked 8.7% dividend yield today.

In FY 2022, the market is expecting a similarly generous dividend to be paid by the mining giant.

According to a note out of Goldman Sachs, its analysts expect the company to declare a final dividend of US$2.23 per share in February. This will bring its full year dividend to a fully franked US$4.90 per share or A$7.25 per share.

Based on the current Rio Tinto share price, this will mean a yield of 7.6% for investors for the 12 months.

What will the Rio Tinto dividend be in 2023?

The good news for investors is that Goldman Sachs is expecting the Rio Tinto dividend to increase in FY 2023.

It is forecasting a fully franked US$5.10 per share dividend for the period. At current exchange rates, this will mean a fully franked A$7.55 per share dividend for shareholders. This equates to another generous yield of 7.9%.

In addition, the broker sees decent upside ahead for the Rio Tinto share price. Goldman currently has a buy rating and $121.50 price target on the miner’s shares.

This suggests that the company’s shares could rise over 27% from current levels over the next 12 months. Add in the dividends during that time and you’re looking at a total potential return in the region of 35%.

The post How big will the Rio Tinto dividend be in 2023? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• ASX 200 mining shares stage significant rebound in afternoon trading
• Rio Tinto share price slides despite new $3bn iron ore project
• Rio Tinto share price shrugs off latest blow to Turquoise Hill deal
• Top ASX dividend shares to buy in September 2022
• Why did ASX 200 iron ore shares have such a strong end to the week?

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.

from The Motley Fool Australia https://ift.tt/0tnf4lT