The ASX 200 index is home to a good number of quality blue chip shares. So many, it can be hard to decide which ones to include in your portfolio.

In order to narrow things down, listed below are two ASX 200 shares that are highly rated right now. They are as follows:

Goodman Group (ASX: GMG)

The first ASX 200 share to look at is Goodman Group. It is a leading global integrated commercial and industrial property company.

Citi is a big fan of the company and has a buy rating and $29.50 price target. It is positive on the company’s outlook largely due to the strong demand for industrial properties and its burgeoning development pipeline.

Citi also believes a recent pullback has created a buying opportunity for investors. It commented

Similar to previous periods, we see FY22 guidance as conservative given strong FUM growth into 4Q22, off the back of development completions and rising asset values (as GMG’s book cap rates are softer than market). Moreover, despite fears, we see the growth outlook as being robust for FY23 as well given solid demand for industrial (which is driving market rental growth above longer-term averages) and ongoing investment demand, which should support asset value and AUM growth. We re-iterate Buy and see the -25% YTD share price decline as a good entry point.

REA Group Limited (ASX: REA)

Another ASX 200 share to look at is property listings company REA Group.

It has been a consistently solid performer over the last decade despite whatever the economy or housing market has thrown at it.

The good news is that the team at Goldman Sachs expect this trend to continue and has put a buy rating and $164.00 price target on its shares. The broker believes REA is a high quality company capable of delivering strong earnings growth in the coming years.

The broker said:

We re-iterate our Buy rating on REA and add it to the ANZ Conviction List, with +34% upside to our revised A$164 TP. As the #1 player in our preferred vertical (audience share), we believe REA is amongst the highest quality names in our coverage, and forecast FY22-25 EBITDA CAGR of +12%.

The post Why experts are tipping these ASX 200 shares as buys 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

• $264 million! The 10 highest-paid CEOs on the ASX
• The Goodman share price went through a big rollercoaster in FY22
• 2 bargain ASX shares with good times ahead: expert
• Here are the top 10 ASX shares today
• Why this broker sees huge upside for REA share price despite housing market downturn

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 REA Group Limited. 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/It9zRap

The Xero Limited (ASX: XRO) share price is on course to end the week in the red.

At the time of writing, the cloud accounting platform provider’s shares are down almost 1.5% to $85.93.

This means the Xero share price is now down over 40% since the start of the year.

What are brokers saying about the Xero share price?

In light of the poor performance from the Xero share price in 2022, investors may be wondering if it has created a buying opportunity.

The good news is that three leading brokers see value in its shares at the current level.

Here’s what they are saying about Xero:

Citi currently has a buy rating and $108.00 price target on the company’s shares. This implies potential upside of almost 26% for investors. The broker was pleased with its recent price increases. It commented:

We see Xero’s decision to increase prices in ANZ and UK as an indication of the company’s confidence in its position in its core markets. While the changes would not have a full impact in FY23e, we estimate the changes represent a 8% uplift to group ARPU and represents upside to our ARPU forecasts. An increase in churn is a factor to consider especially given the slowing economic outlook

Over at Goldman Sachs, its analysts have a buy rating and $113.00 price target on its shares. This represents potential upside of 31% for the Xero share price. It said:

While noting that the near term remains robust, we do acknowledge the risk of higher churn from SME business challenges and recent price increases. Nevertheless, we see Xero as well-placed to navigate this uncertainty given the stickiness & importance of its software, and lower levels of churn vs. AU overall.

Finally, analysts at Morgans are bullish and recently initiated coverage on its shares with an add rating and a more modest $90.25 price target.

XRO has a significant runway for customer growth with <10% penetration of a 45m+ SMB Total Addressable Market (TAM). We see additional earnings upside from platform / ancillary value-added services and margin expansion.

The post What are brokers saying about the Xero share price? 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

• Broker names 2 ASX tech shares to buy in July
• ASX 200 midday update: ANZ confirms MYOB talks, energy shares fall
• This broker sees 30% upside for the Xero share price over the next year
• Here’s why Goldman Sachs sees lots of value in the Xero share price
• Down 40% in 2022: Is the Xero share price a buy today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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/kOMI8RU

The Coles Group Ltd (ASX: COL) share price defied the broader market’s downturn on Friday to post a new 52-week high, and one broker thinks it could go even higher.

At its highest point today, the Coles share price was trading at $18.97, 1.87% higher than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) has been in the red all day. It’s currently down 0.75%.

So, what might be going on with the supermarket’s stock lately? Let’s take a look.

Coles share price inks new 52-week high

The Coles share price reached its highest point in more than a year on Friday despite the company’s silence.

In fact, the market hasn’t heard price-sensitive news from the supermarket since late April.

So, what might be driving it higher? Well, the Australian Bureau of Statistics found household spending increased in May despite the current inflationary environment earlier this week.

Speaking of, Coles has positive exposure to inflation, my Fool colleague James reported yesterday. On top of that, its sales have been growing and it holds a strong market position.

The supermarket can also pass on higher costs to consumers. In fact, it upped the price of Coles brand milk yesterday due to rising costs associated with sourcing, transporting, and packing the dairy product.

Morgans is one broker excited about the future of the Coles share price. It has reportedly slapped the stock with a $20.65 price target.

It also expects the supermarket giant to up its dividends to 61 cents in financial year 2022 and 64 cents in financial year 2023.

The post Coles share price claims new 52-week high, could it still be a buy? 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 experts have named these ASX 200 dividend shares to buy
• ASX 200 supermarket shares lead as household spending jumps
• Here’s why the Coles share price had a volatile FY22
• The Coles share price beat the ASX 200 by over 10% in June
• 3 ASX shares that could survive a recession: expert

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 COLESGROUP DEF SET. 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/kAOuQK5

The IGO Ltd (ASX: IGO) is enduring a tough end to the week, along with many other ASX mining shares.

The diversified miner’s shares are currently down 6.93% to $9.26 despite no news out of the company.

In broad market moves, the S&P/ASX 300 Metals and Mining Index (ASX: XMM) is down 3.06% to 4,745 points in late afternoon trading.

What’s up with the IGO share price?

The IGO share price and many of its peers are struggling today as the mining sector reacts poorly to Rio Tinto Limited (ASX: RIO)’s downgrade to alumina production today.

Not only that, economists are lowering their forecasts for key industrial metals including aluminium, zinc, and nickel.

Industrial metals have fallen across the board as the US dollar continues to strengthen against all major currency pairs.

Copper fell to trade at US$7,261 on the London Metals Exchange (LME) yesterday after falling to a near two-year low of US$7,160 a day earlier.

ANZ commodity strategist Daniel Hynes said the demand picture out of China “is improving” while prices are falling, suggesting that investors are pricing in lower economic growth.

All of this has weighed on the mining sector and appears to have transposed to the IGO share price.

Meanwhile, 83% of analysts still rate IGO as a buy right now, per Refinitiv Eikon data, with 16% saying it’s a sell.

The consensus price target from this list is $12.75 per share, suggesting there’s still upside to capture.

In the last 12 months, the IGO share price has clipped a 7% gain.

The post IGO share price declines 7% amid commodity fears 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

• 3 ASX lithium shares that flew in FY22, and 1 that sank
• ASX 200 mining shares glide lower as expert reduces commodity targets
• ASX battery metals shares trying to power up after a horror June
• Here’s why the IGO share price is discovering a 5% rally on Friday
• Is now the time to be buying beaten down ASX 200 mining 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/Z5cQ92U

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:

Bapcor Ltd (ASX: BAP)

According to a note out of Citi, its analysts have retained their buy rating and $8.03 price target on this auto parts retailer’s shares. The broker continues to rate Bapcor as its top pick in the sector and expects the company to continue to benefit from the lack of supply of new vehicles for longer than previously thought. The Bapcor share price is trading at $6.40 on Friday afternoon.

Megaport Ltd (ASX: MP1)

A note out of Macquarie reveals that its analysts have retained their outperform rating but cut their price target on this network as a service provider’s shares to $16.00. While Macquarie has trimmed its price target to reflect rising rates, it remains very positive and sees major upside potential for its shares. In addition, it suspects that the market is being too conservative with revenue estimates ahead of its quarterly update this month. The Megaport share price is fetching $6.80 today.

Pilbara Minerals Ltd (ASX: PLS)

Another note out of Macquarie reveals that its analysts have their outperform rating and $4.20 price target on this lithium miner’s shares. This follows the release of the results from the company’s latest BMX lithium auction. Macquarie was impressed with the price that the company commanded and notes that it is materially higher than its estimates for FY 2023. The Pilbara Minerals share price is trading at $2.38 this afternoon.

The post Brokers name 3 ASX shares to buy 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

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Data#3, Netwealth, New Hope, and Pilbara Minerals shares are pushing higher
• The best and worst ASX All Ords mining shares of FY22
• Pilbara Minerals share price drops on latest BMX lithium auction update
• 3 ASX lithium shares that flew in FY22, and 1 that sank

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 MEGAPORT FPO. The Motley Fool Australia has recommended Bapcor and MEGAPORT FPO. 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/mVv3Npy

The Carsales.Com Ltd (ASX: CAR) share price is down 3.83% to trade at $18.59 in late afternoon trading.

The broader market is also down today with the benchmark S&P/ASX 200 Index (ASX: XJO) losing 0.7%.

One expert believes a new acquisition is going to do great things for the online classifieds company.

Is the Carsales share price a buy?

WAM Active Limited (ASX: WAA) is a listed investment company run by Wilson Asset Management. It invests in “market mispricing opportunities in the Australian market”.

For background, the Carsales share price is down more than 25% year to date.

In its June 2022 investor update released yesterday, the fund manager said it was positive about Carsales exercising its call option to acquire the remaining 51% of United States marketplace business, Trader Interactive.

Carsales operates the largest online classifieds business in Australia for cars, motorcycles and boats. It’s also a part-owner of Trader Interactive, which has a leading position in the categories of recreational vehicles (RVs), powersports, and commercial trucks and equipment.

Carsales earnings ‘more resilient’ than the market thinks

In the update, Wilson said the transaction would provide “immediate low, double-digit earnings per share (EPS) accretion, including tax and interest benefits.”

Furthermore:

We are positive on this strategic transaction for the company, with the move to 100% ownership in TI expected to unlock a range of additional growth opportunities for the business.

[The company] also provided a trading update during the month, with FY2022 earnings guidance in-line with consensus analyst expectations.

Despite broader macroeconomic uncertainty, the company noted strong momentum across all markets into FY2023 and we believe earnings will prove more resilient versus market expectations.

The Carsales share price lost about 8% in value over FY2022.

Capital raising completed

In an announcement to the ASX today, Carsales said it has completed the retail component of its fully underwritten one for 4.16 pro-rata accelerated non-renounceable entitlement offer.

Carsales announced the offer to the market on 27 June and it closed on Wednesday.

This is the final stage of the overall $1.207 billion equity raising to enable Carsales to buy the remaining 51% interest in Trader Interactive for US$809 million.

The retail offer was open to approximately 19,000 Carsales shareholders and 8,000 elected to participate.

The offer price was A$17.75 and approximately 10.3 million new Carsales shares were subscribed. This raised A$183 million.

Approximately 10.1 million new shares that were not taken up will be allocated to the sub-underwriters.

A separate offer to institutional investors had a 90% take-up and those new shares are already trading.

Carsales expects to settle the retail offer on 19 July. These Carsales shares will begin trading on 21 July.

The post Why this expert tips a ‘range of additional growth opportunities’ for Carsales shares 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

• Here are the top 10 ASX shares today
• Why Carsales, EOS, Imugene, and Tyro shares are sinking today
• Here’s why ASX 200 tech shares are taking a beating on Wednesday
• ASX 200 midday update: Carsales sinks, Liontown jumps on Ford agreements
• Why is the Carsales share price crashing 15% lower today?

Motley Fool contributor Bronwyn Allen 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 carsales.com Limited. 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/Bxsgj1I

The market is tumbling towards the end of the week, with the All Ordinaries Index (ASX: XAO) slipping 0.78% lower. Fortunately, not all ASX All Ords shares are joining the index in its suffering.

These three stocks are posting notable gains on Friday. Keep reading to find out what’s buoying their share prices amid today’s sea of red.

3 ASX All Ords shares defying today’s downturn

Sezzle Inc (ASX: SZL)

The share price of All Ords BNPL favourite Sezzle has climbed back on the horse today, recovering some of the 57% fall it posted over the first four days of the week.

Right now, the Sezzle share price is trading 2.5% higher at 20.5 cents.

The company binned its planned multi-million-dollar merger with fellow ASX BNPL favourite Zip Co Ltd (ASX: ZIP) earlier this week.

Its stock plummeted nearly 39% when the news was released on Tuesday before slipping another 22% on Wednesday.

Michael Hill International Ltd (ASX: MHJ)

Sezzle is joined in the green today by shares in its ASX All Ords peer Michael Hill.

The jewellery retailer’s share price has lifted 3.7% to trade at $1.12 right now.

Its gains come on the back of a trading update detailing decent growth in the June quarter, topping off a strong full year of sales, released after the market closed on Thursday

The company’s managing director and CEO Daniel Bracken commented on its recent performance, saying:

I’m delighted with our full year trading results, despite the continued backdrop of COVID disruptions and the resulting loss of 10,000 store trading days, we have delivered the highest sales and margin in the history of the Michael Hill brand.

Booktopia Group Ltd (ASX: BKG)

The final ASX All Ords share recording a decent gain on Friday is Booktopia.

Its share price is currently 33.5 cents, 8.06% higher than its previous close.

There’s been no news from the online book retailer today.

However, its shares tumbled nearly 5% yesterday when the company announced it had dumped its CEO Tony Nash following an internal business review.

The post 3 ASX All Ords shares sidestepping the selling 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(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Ardent Leisure, Michael Hill, National Storage, and WiseTech shares are rising
• Penny-pincher: Where Sezzle shares could be heading from here
• What’s the outlook for ASX BNPL shares in FY23?
• Why Galileo Mining, Platinum, Sezzle, and Woodside shares are dropping
• Sezzle shares plunge another 16%, now down 60% in a week

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 ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Booktopia Group 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.

from The Motley Fool Australia https://ift.tt/rA9afoL

Sadly for investors, the S&P/ASX 200 Index (ASX: XJO) has decided to give us a backwards day on this last trading day of the week. At the time of writing, the ASX 200 has dropped by an unwelcome 0.75% to around 6,600 points. 

But rather than letting that ruin our weekends, let’s focus on the ASX shares that are currently at the top of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Friday

Fortescue Metals Group Limited (ASX: FMG)

A rare appearance from iron ore giant Fortescue marks our first ASX 200 share today. This Friday has seen 7.69 million Fortescue shares swap hands as it currently stands. There’s been no news out of the miner so far today.

So we can probably assume this volume is the result of the dip in the Fortescue share price itself. Fortescue has lost a nasty 4.71% today and is down to $16.59 a share, amid a big fall in commodity prices over the past 24 hours.

BHP Group Ltd (ASX: BHP)

Another rare appearance, next up we have the ‘Big Australian’, and largest share on the ASX 200, BHP. This Friday has seen a notable 8.23 million BHP shares change owners so far today.

Just like with Fortescue, this seems to be a consequence of the share market’s moves. BHP has also copped a big hit, falling by 3.26% to $36.18 a share.

South32 Ltd (ASX :S32)

And it’s three for three today in terms of ASX 200 mining shares, with diversified resources company South32 taking out the final and most traded medal. So far today, a sizeable 11.3 million South32 shares have been bought and sold on the public markets.

Once more, it seems as though a nasty share price drop is the culprit here. So far this Friday, the South32 share price has lost 3.67% of its value and is now down to $3.41 a share.

The post Here are the 3 most heavily traded ASX 200 shares on Friday 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 BHP, Jumbo, Pendal, and Rio Tinto shares are sinking today
• Australia’s unemployment rate is at a 48-year low. What’s this mean for ASX 200 shares?
• Why is the Newcrest share price slipping to a new 52-week low on Friday?
• Here’s why the Fortescue share price is falling 6% into the dirt today
• These ASX 200 mining shares are getting buried. 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/urVMWeq

The S&P/ASX 200 Index (ASX: XJO) is having a tough finish to the week. In afternoon trade, the benchmark index is down 0.75% to 6,600.9 points.

Four ASX shares that have not let that hold them back are listed below. Here’s why they are rising:

Ardent Leisure Group Ltd (ASX: ALG)

The Ardent Leisure share price is up 4% to 54.7 cents. This may have been driven by comments out of WAM Capital Limited (ASX: WAM), which described the entertainment company as undervalued. It said: “We believe Ardent Leisure Group’s current share price materially undervalues the company relative to global peers, while opportunity exists to unlock further value via development of excess land assets.”

Michael Hill International Ltd (ASX: MHJ)

The Michael Hill share price is up 4% to $1.12. This morning this jewellery retailer released a trading update and revealed strong quarterly sales growth. This is expected to underpin a 7.3% increase in full-year sales in FY 2022. EBIT is expected to be between NZ$60 million and NZ$63 million, up from NZ$56.6 million in FY 2021.

National Storage REIT (ASX: NSR)

The National Storage share price is up over 2% to $2.25. This appears to have been driven by a broker note out of Ord Minnett. This morning its analysts retained their buy rating and lifted their price target on the self-storage centre operator’s shares to $2.70. It was pleased to see management guide to earnings growth ahead of consensus estimates in FY 2022.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is up 3.5% to $44.22. Investors have been buying this logistics solutions company’s shares after it upgraded its FY 2022 earnings guidance. Due to strong top line growth and cost efficiencies, FY 2022’s EBITDA is now forecast to be between $310 million and $320 million. This compares to its previous guidance range of $275 million to $295 million.

The post Why Ardent Leisure, Michael Hill, National Storage, and WiseTech shares are rising 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

• Ardent Leisure share price ‘materially undervalued’: expert
• ASX 200 midday update: Rio Tinto’s update, BHP and Fortescue sink, AVZ remains suspended
• WiseTech share price leaps 7% higher following upgraded guidance
• What I’d do with 3 ASX shares that have plunged this year: expert
• ‘Pretty attractive’: Expert reveals 3 ASX shares to buy right now

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. The Motley Fool Australia has positions in and has recommended WiseTech Global. 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/JyPG9nj

After a brutal start to this Friday’s trading session, the All Ordinaries Index (ASX: XAO) has recovered somewhat. At the time of writing, the All Ords is still down by 0.72% at around 6,800 points after going as low as 6,733 points this morning.

So it goes without saying that there are many ASX All Ords shares tumbling in value today as we head into the weekend. Let’s look at three notable examples.

3 ASX All Ords shares falling on Friday

Jumbo Interactive Ltd (ASX: JIN)

The only jumbo thing about this ASX share today is the size of its fall. The gaming company has had a shocker this Friday, falling by 14.85% at the time of writing to $12.33 a share. That’s also a new 52-week low for the company.

These moves seem to be a response to the release of the company’s preliminary full-year earnings this morning. As we covered earlier today, Jumbo disappointed investors with a miss on revenues, earnings and net profits. Ouch.

Bluebet Holdings Ltd (ASX: BBT)

Another All Ords gaming share, Bluebet, is also having a clanger. At present, the Bluebet share price has lost a meaty 10.83% and is back to 54 cents a share. The company went as low as 51 cents this morning, which fortunately is still a fair way from its 52-week low of 37 cents.

There’s been no news out of Bluebet today, or indeed this week. So perhaps this fall is a side effect of the tumble Jumbo shares have taken, given both companies are in the gaming space.

Starpharma Holdings Limited (ASX: SPL)

Starpharma is not a gaming company but a healthcare share, as its name implies. But that hasn’t saved it from a displeasing fall today. The Starpharma share price is currently down by 8.84% at 67 cents a share after dipping to 66 cents earlier today. That’s not too far from this company’s 52-week low of 62 cents.

There’s been no news our of this company either. So it’s not too obvious what’s going on here. Starpharma shares have been incredibly volatile over the past week though. The company rose more than 8% yesterday (also on no news) so perhaps investors have gotten cold feet now that the market is falling.

The post 3 ASX All Ords shares tumbling into the weekend 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 BHP, Jumbo, Pendal, and Rio Tinto shares are sinking today
• Jumbo share price sinks 10% on FY22 earnings miss
• Sezzle shares plunge another 16%, now down 60% in a week
• Here’s a look at the 5 best ASX All Ords tech shares in FY22
• Becoming Australia’s biggest export failed to ignite ASX coal shares today

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 Jumbo Interactive Limited and Starpharma Holdings Limited. The Motley Fool Australia has recommended BlueBet Holdings Ltd, Jumbo Interactive Limited, and Starpharma Holdings Limited. 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/JyeFXKZ