While inflation has gripped the share markets this year, in the real world the most visible manifestation is when motorists drive into a petrol station.

For the first time, Australians in 2022 have had to get used to paying in the $2s for each litre of fuel they put in their cars.

Australia, along with the US, still has the lowest petrol prices in the developed world. But that is little consolation for a population that was used to paying a lot less only a few months ago.

However, investors of ASX shares can take back some of that cash that they’re handing over to the oil companies.

How? Here’s how one expert explains it:

‘A hedge to petrol pump pain’

Wilson Asset Management analyst Anna Milne recommended investors buy Santos Ltd (ASX: STO).

“If you’re wanting a hedge to petrol pump pain, I would say buy Santos,” she said in a Wilson video.

“It’s a producer, so it benefits from higher oil prices.”

With all the hoopla surrounding BHP Group Ltd (ASX: BHP) offloading its oil assets to Woodside Energy Group Ltd (ASX: WDS), Milne feels like Santos’ stock price has been “left behind”.

“Its current share price implies that oil is trading at $60 a barrel, when reality is it’s north of $100,” she said.

“We think it’s going to be elevated over the medium term. So we like Santos — it’s a buy.”

Many fans, but some dissent

It seems Milne’s peers generally agree.

Currently 15 out of 17 analysts surveyed on CMC Markets rate Santos as a buy. Twelve of those even recommend it as a strong buy.

The Motley Fool reported this week that Morgans is another investment team that favours Santos.

“We expect the resilience of Santos’ growth profile and diversified earnings base see it best placed to outperform against a backdrop of a broader sector recovery,” its research read.

Morgans has a $9.30 price target, which is about a 34% premium from the current level.

However, The Motley Fool’s Tristan Harrison begs to differ.

“Woodside Energy Group Ltd shares seem like a better pick compared to Santos Ltd, in my opinion,” he said earlier this week.

“While dividends aren’t everything, I think the bigger dividend yield from Woodside can help provide stronger returns.”

The post Sick of high petrol prices? Then buy this ASX share: analyst appeared first on The Motley Fool Australia.

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More reading

• Why is the Woodside share price in a slump on Friday?
• 5 things to watch on the ASX 200 on Friday
• Which ASX 200 shares will prove to be dividend heavyweights this earnings season?
• Why Creso Pharma, Endeavour, Orica, and Woodside shares are dropping
• 2 reasons why I’d pick Woodside shares over Santos

Motley Fool contributor Tony Yoo 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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I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

With that in mind, here’s how you would have fared if you had invested in these ASX shares in 2012:

NEXTDC Ltd (ASX: NXT)

If you had bought this data centre operator’s shares 10 years ago, you would have done very well for yourself. Thanks to the structural shift to the cloud and its world class portfolio of data centres across Australia, NextDC has delivered consistently strong revenue and EBITDA growth.

This has led to the company’s shares generating an average total return of 19.94% per annum over the period. This means that if you had invested $20,000 into NextDC’s shares back in 2012, you would have grown your investment to a sizeable $123,000 today.

ResMed Inc. (ASX: RMD)

Another ASX share that has smashed the market over the last decade is sleep treatment focused medical device company ResMed. Like NextDC, it has delivered consistently solid sales and earnings growth over the period. This has been driven by its industry-leading sleep treatment solutions and the growing awareness and prevalence of sleep disorders.

ResMed’s strong operating performance has led to its shares generating a total average return of 26.84% per annum for investors since 2012. This means that anyone lucky enough to have invested $20,000 into the company’s shares 10 years ago, would have seen the value of their investment grow to be worth a massive ~$215,000 today.

The post $20,000 invested in these ASX shares 10 years ago is worth how much now? appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Worried about how ASX 200 tech shares might perform this earnings season? Here’s what to watch
• Why are ASX 200 tech shares having such a stellar run today?
• Morgans names 3 more of the best ASX shares to buy in August
• Here are 3 stellar ASX growth shares analysts are tipping as buys

Motley Fool contributor James Mickleboro has positions in NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The price of iron ore has slumped 10% this week amid ongoing macroeconomic uncertainty.

This includes the contraction in China’s economic activity and widespread fears of a looming recession.

Iron ore is essential to the revenues of the major miners on the S&P/ASX 200 Index (ASX: XJO). As such, changes in its price can lead to considerable swings in those companies’ share prices.

Although correlation is not causation, let’s check how the shares of the ASX iron ore giants have fared over the last five days. 

How have the ASX’s big iron ore players held up this week?

Shares of Rio Tinto Ltd (ASX: RIO) are down 1.22% over the last five trading days. A contraction in Rio’s share price is to be expected as iron ore is the company’s largest business segment, accounting for 80% of its earnings in 2021.

Another factor that may be squeezing Rio shares – and those of other iron ore producers – is the formation of the China Mineral Resources Group.

The entity could attempt to drive down the price of iron ore through the process of collective bulk buying on behalf of domestic companies in China.

BHP Group Ltd (ASX: BHP) also experienced a minor dip with its share price down 0.69% over the last five days. BHP also generates the majority of its revenue from iron ore, but it is considerably more diversified than Rio. This could explain why its contraction is less.

In 2021, 57% of BHP Group’s revenues came from iron ore, while its second-largest operating segment was copper, contributing 25%.

Lastly, Fortescue Metals Group Ltd (ASX: FMG) shares dipped 0.82%. Iron ore is Fortescue’s primary operating segment, contributing $8.39 billion in revenue in 2021. 

The post The iron ore price has slumped 10% in 5 days. Here’s how ASX 200 mining shares have responded. appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why did the Arafura share price plunge 19% today?
• ‘The world is changing’: CEO reveals what will help drive Rio Tinto shares in 2023 and beyond 
• 3 ASX 200 shares to buy for a post-COVID resurgence: experts

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

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The Pilbara Minerals Ltd (ASX: PLS) share price had a good end to the week, lifting 3.61% to close on Friday at $2.87%.

This ASX lithium share has seen a lot of volatility in the last few weeks and months.

However, investors in the miner may have a reason to smile after the business provided an optimistic presentation at the Diggers & Dealers Mining Forum.

In the presentation, the company said it had enjoyed an amazing growth journey with more to come.

Highlights recap

A key factor that affects the performance of commodity companies is the price of the resource.

Pilbara Minerals advised that lithium pricing remained “strong”. The ASX lithium share said this placed the business in a “prime position” to capitalise on current market conditions, including selling spodumene concentrate from the Ngungaju Plant.

The company noted that the lithium deficit was expected to grow and, by 2040, might be the equivalent of around 18 Pilgangooras.

Pilbara Minerals is benefiting from the strong pricing, and this is helping build its cash balance. It had a cash balance of $874.2 million on 30 June 2022.

A key part of the company’s strategy is value-added products that can help increase its margin. It is positioned to capture value throughout the entire lithium raw material and chemical supply chain. That includes spodumene, lithium salts and lithium fine chemicals.

Pilbara Minerals share price snapshot

Over the past month, the Pilbara Minerals share price has risen by 32%.

The post Why is the Pilbara Minerals share price having such a strong end to the week? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Friday
• ASX lithium shares facing ‘insatiable’ demand amid global funding gap
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why are ASX lithium shares having such a top run on Wednesday?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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 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 ended up being a very pleasing end to the week for ASX investors this Friday. As of market close, the All Ordinaries Index (ASX: XAO) has closed up a healthy 0.59% at 7,250.3 points. But many ASX tech shares fared even better.

So let’s check out three that had an absolutely cracking end to the trading week on the ASX today.

3 ASX tech shares that had a cracking day on the ASX today

Novonix Ltd (ASX: NVX)

Our first ASX tech share to check out is battery tech company Novonix. Novonix shares had a corker rising a pleasing 13.65% to $3.08 a share over today’s session.

This staggering move was despite a complete absence of any news out of the company, as my Fool colleague Bronwyn covered earlier. This latest move means that the Novnix share price is now up more than 32% over the past month alone.

Saying that, the company remains down a painful 70% or so over 2022 thus far. Its current 52-week high of $12.47 still looks like a long way off too.

Weebit Nano Ltd (ASX: WBT)

Next up is ASX tech share Weebit Nano. Weebit Nano shares enjoyed more than a (apologies) wee bit of a gain today. The semiconductor company rose an impressive 9.06% over today’s session to finish up at $3.01 a share.

There’s been no news out of this company since its investor presentation that was released on Monday. This was initially poorly received. But since Tuesday, Weebit Nano shares have risen by more than 12%, so perhaps investors have changed their minds.

Life360 Inc (ASX: 360)

Finally, we have location-sharing software company Life360. As you might guess, Life360 shares also had a very successful trading day this Friday.

The company ended up closing at $4.96 a share, up a healthy 5.76%. This one is a little more of a mystery. The company hasn’t put out much in the way of news at all in recent weeks. Yet it has risen close to 15% since Wednesday this week.

Perhaps the bullish broker note my Fool colleague James went through late last month could have played a role. Broker Bell Potter rated the company as a “buy”, with a share price target of $7.50. That might have tempted a few buyers this week.

The post These 3 ASX tech shares had a cracking day on the ASX today appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why is the Novonix share price leaping 12% on Friday?
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Why did the Novonix share price notch up a 24% gain in July?

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 positions in and has recommended Life360, Inc. 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 Piedmont Lithium Inc (ASX: PLL) share price has finished the week higher, closing on Friday at 66 cents.

After finding a bottom on 15 July, Piedmont shares have curled upward and are now testing their June FY22 levels again.

Investors have pushed the stock up to this level on no news. As seen below, the S&P/ASX 300 Metals and Mining Index (ASX: XMM) has also ticked up lately, and currently trades 2% higher on the month.

What’s up with the Piedmont share price?

Despite no market-sensitive news recently, Piedmont shares have drifted higher in unison with the metals and mining index, as seen above.

The index, a benchmark for listed metals and mining companies on the ASX, has basically mirrored the Piedmont share price this year to date – or, more likely, the other way around.

As the sector continues strengthening, it stands to reason that Piedmont is attracting buys on the back of this, in the absence of any other data.

Further, whilst numerous commodity baskets enter sell-off mode and trim most of 2022’s gains, lithium remains in its place on the mantlepiece and has clipped a 418% YoY gain.

The impact of lithium’s top-heaviness has seen ASX lithium players catch a bid in the last few weeks, alongside peers in the sector.

As such, the Piedmont Lithium share price boasts a 26% gain over the past month of trade, narrowing its YTD loss to just 10%.

Amid the market turbulence, brokers have been unswayed on their projections on the share as 100% of analysts covering Piedmont rate it a buy or strong buy right now, according to Refinitiv Eikon data.

The consensus price target on the company is a mammoth $101 per share, implying more than $56 per share of upside potential if they are correct.

The post Why is the Piedmont Lithium share price off to such a great start in August? appeared first on The Motley Fool Australia.

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More reading

• Why are ASX lithium shares having such a top run on Wednesday?
• Why is the Piedmont Lithium share price piling on 6% today?
• Why has the Piedmont Lithium share price tumbled 30% in a month?

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 S&P/ASX 200 Index (ASX: XJO) finished the week on a high note, lifting alongside materials shares.

The index was 0.58% higher at 7,015.60 points as of Friday’s close. That’s also 1.01% higher than it was at the end of last week.

The S&P/ASX 200 Materials Index (ASX: XMJ) lifted 1.9% today, with lithium and gold stocks coming in as its best performers.

It followed a 1.7% gain recorded by gold futures, which lifted to trade at US$1,806.90 an ounce. Meanwhile, iron ore futures fell 3.5% to US$106.50 a tonne

But it wasn’t all gains across the market. The S&P/ASX 200 Energy Index (ASX: XEJ) plunged 1.4% after oil prices slumped overnight.

Brent crude oil fell 2.7% to US$94.12 a barrel and US Nymex crude slipped 2.3% to US$88.54 a barrel. That marks their lowest prices since Russia invaded Ukraine in February.

The S&P/ASX 200 Information Technology Index (ASX: XIJ) also fell 1.25% as Block Inc (ASX: SQ2)’s quarterly earnings disappointed.

All in all, six of the ASX 200’s 11 sectors closed today’s trade in the green. But which share outperformed all others? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s best performing ASX 200 share recorded double the gain of the next best performer. It was none other than the Novonix Ltd (ASX: NVX) share price which surged around 14% to close the week. Find out what’s been going on with the battery technology and materials share here.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Novonix Ltd (ASX: NVX)	$3.08	13.65%
Liontown Resources Limited (ASX: LTR)	$1.505	6.74%
Ramelius Resources Limited (ASX: RMS)	$1.115	6.7%
Silver Lake Resources Limited (ASX: SLR)	$1.54	6.57%
Core Lithium Ltd (ASX: CXO)	$1.285	6.2%
Life360 Inc (ASX: 360)	$4.96	5.76%
Coronado Global Resources Inc (ASX: CRN)	$1.475	5.36%
Pointsbet Holdings Ltd (ASX: PBH)	$3.35	5.35%
Champion Iron Ltd (ASX: CIA)	$4.79	5.27%
Corporate Travel Management Ltd (ASX: CTD)	$20.66	4.87%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check in at Fool.com.au after the market has closed during weekdays 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

• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Core Lithium, European Lithium, Incannex, and Qantas shares are pushing higher
• Why did the Arafura share price plunge 19% today?
• ASX lithium shares facing ‘insatiable’ demand amid global funding gap
• Why is the Novonix share price leaping 12% on Friday?

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 Block, Inc., Life360, Inc., and Pointsbet Holdings Ltd. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Corporate Travel Management Limited and Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Ecograf Ltd (ASX: EGR) share price had a sensational finish to the week.

This lithium battery materials company’s shares ended the day almost 27% higher at 40.5 cents.

This means the Ecograf share price is now up 44% in the space of two weeks.

Why is the Ecograf share price rocketing higher?

Investors appear to have been loading up on battery materials shares recently following some sharp declines in the previous months.

For example, the Ecograf share price is still down 43% since the start of the year despite this recent resurgence.

It has been a similar story for the Novonix share price. It is up 20% in the last couple of weeks but remains down 70% year to date.

What is Ecograf?

EcoGraf is in the process of building an integrated battery anode material business to produce high purity graphite products for the lithium-ion battery and advanced manufacturing markets.

A recent quarterly update reveals that over US$30 million has been invested to date to create two highly attractive, development ready graphite businesses.

The first new state-of-the-art EcoGraf processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America. It will provide customers with sustainably produced high performance battery anode material.

Additional battery graphite processing facilities are in planning for Europe, Asia and North America to support the global transition to clean, renewable energy and the rapid growth in demand for battery materials.

Judging by the Ecograf share price performance in recent weeks, it appears as though some investors believe the company is well-placed to benefit from the decarbonisation megatrend. Time will tell if that is the case.

The post This lithium battery materials share is up 44% in two weeks, what’s going on? appeared first on The Motley Fool Australia.

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More reading

• Genex share price climbs 6% amid new takeover rumours
• Brokers name 3 ASX shares to buy today
• Why has the Macquarie share price had such a lacklustre start to August?
• Can Westpac shares deliver a competitive dividend yield and 20% upside in FY23?
• Here are the 3 most heavily traded ASX 200 shares on Friday

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 Genex Power Limited (ASX: GNX) share price closed higher on Friday as rumours circulate another bidder has taken an interest in the renewable energy company.

Genex shares finished the day at 22 cents each, up 2.33%, after hitting 22.7 cents a share earlier today. That was a jump of 5.58%.

The interest comes after the company knocked back a $300 million takeover proposal on Monday. 

Let’s check the latest on Genex’s takeover prospects.

A new suitor for Genex? 

As reported by The Australian, an undisclosed group is “making inquiries around the market about launching a rival bid for the business”.

The group is said to be “not private equity” and a company that operates in Australia.

The speculated names include Sundance Energy Australia Ltd (ASX: SEA), Alinta Energy, and other companies with energy assets on Australia’s east coast.

On Monday, Genex rejected an unsolicited acquisition attempt from a group consisting of Atlassian co-founder and co-CEO Scott Farquhar’s Skip Capital and Stonepeak Partners. The bid offered 23 cents per share for the company.

Genex power’s board of directors said the offer undervalued the company but it was open to a counter-offer with a revised amount.

Share price snapshot

The Genex share price is up more than 11% year to date, gaining a remarkable 85% in the last month.

Despite the recent action though, the company’s share price is still 5% lower than it was this time last year.

The company has a current market capitalisation of $308 million.

The post Genex share price climbs 6% amid new takeover rumours appeared first on The Motley Fool Australia.

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More reading

• ‘Massive untapped demand’: The $3 trillion opportunity ASX 200 energy shares could be missing
• No deal: Genex share price lifts as $300m takeover bid rejected
• Genex share price rockets 50% on confirmed takeover bid
• Genex share price in focus amid Atlassian co-founder’s $300m takeover bid
• Here’s why ASX renewable shares slipped in June

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Atlassian. 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 has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Elders Ltd (ASX: ELD) 

According to a note out of Goldman Sachs, its analysts have retained their conviction buy rating and $21.00 price target on the agribusiness company’s shares. Goldman believes that recent weakness in the Elders share price has created a buying opportunity for investors. Particularly given the long term structural growth opportunities still in front of the company. The Elders share price is trading at $12.01 on Friday.

Qantas Airways Limited (ASX: QAN)

A note out of UBS reveals that its analysts have retained their buy rating and $6.55 price target on this airline operator’s shares. UBS notes that recession fears have been weighing heavily on the Qantas share price. However, the broker believes that if the economy avoids a recession and has a soft landing instead, then compelling value will be found in its shares. The Qantas share price is fetching $4.63 today.

ResMed Inc (ASX: RMD)

Analysts at Macquarie have retained their outperform rating and lifted their price target on this sleep treatment company’s shares to $38.70. According to the note, the broker suspects that consensus estimates could be too low in the coming years if industry device volume growth improves as it expects. In addition, Macquarie sees an opportunity for ResMed to continue to increase its market share following the Philips recall. The ResMed share price is trading at $34.45 this afternoon.

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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 ResMed Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed Inc. The Motley Fool Australia has recommended Elders 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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