The Mineral Resources Limited (ASX: MIN) share price has leapt 40% in the past month.

After reaching a low of $43.37 on 15 July, the miner’s shares sharply continued to rebound in the following weeks.

At market close today, Mineral Resources shares finished trading up 0.08% at $60.52.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 7.90% over the same time frame.

Let’s take a closer look and see what’s been boosting Minerals Resources shares lately.

What’s been lifting the Mineral Resources share price?

It appears that investors are buying up the Mineral Resources share price as confidence in the market is regaining momentum.

After Goldman Sachs released a report forecasting a severe drop in lithium prices in the near term, the sector tumbled.

This led to a number of popular lithium shares erasing their meteoric gains achieved in 2022.

However, since then, lithium prices have maintained posture with investors shrugging off the bearish sentiment.

Also, providing a major boost is the recent quarterly report from Mineral Resources which highlighted record production volumes for FY22.

The news sent the company’s shares flying 9.04% on the day to finish at $53.21.

And if that wasn’t enough, two prominent brokers revised their outlook on the miner’s shares.

Analysts at Bell Potter raised its price target by 8.2% to $75.75 per share for Mineral Resources. Based on the current price, this implies an upside of around 24%.

On the other hand, Macquarie also took the liberty of adjusting its price target by 4% to a bullish $85 per share. This represents an upside of almost 40% from where it trades today.

How have Mineral Resources shares performed in 2022?

After a choppy 8 months, the Mineral Resources share price has returned an 8% gain to investors.

In comparison, the S&P/ASX 200 Resources Index (ASX: XJR) is down 4% over the same period.

On valuation grounds, Mineral Resources presides a market capitalisation of roughly $11.46 billion.

The post Why has the Mineral Resources share price surged 40% in a month? appeared first on The Motley Fool Australia.

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

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The Novonix Ltd (ASX: NVX) share price closed lower on Wednesday despite no news coming from the company in the last month.

Shares of the battery materials tech company finished at $2.74 each, 6.49% lower than yesterday’s closing price of $2.93.

By comparison, the S&P/ASX 200 Information Technology Index (ASX: XIJ) closed 0.27% higher while the S&P/ASX 200 Industrials Index (ASX: XNJ) finished 1% ahead.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) gained 0.31% today.

Let’s look at the performance of Novonix against some of its peers today.

Why did the Novonix share price plummet today?

The Novonix share price was sold off considerably this afternoon.

It wasn’t alone though. Lake Resources NL (ASX: LKE), Vulcan Energy Resources Limited (ASX: VUL), and Core Lithium Limited (ASX: CXO) also closed well in the red today. The companies lost 5.6%, 4.93%, and 4.03%, respectively.

It was a tough day generally for ASX lithium shares today despite lithium carbonate prices holding steady, according to Trading Economics.

Today’s fall sees the Novonix share price down 74% year to date and 51% over the last six months.

Its long-term trend is more positive, though, with the company’s shares yielding a gain of more than 225% in the last five years.

The benchmark index is currently down 6% year to date and up 24% over the last five years.

The post Why did the Novonix share price nosedive 6% today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Looking to buy IAG shares but worried about where the growth will come from? Read this
• Here’s why the Nickel Industries share price is climbing on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
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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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S&P/ASX 200 Index (ASX: XJO) shares posted another strong performance on Wednesday despite a wobbly morning’s trade. The index ended the day 0.31% higher at 7,127.70 points, marking its highest close since early June.

Consumer shares were the real winners in today’s session with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) and the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) gaining 1.7% and 1.4%, respectively. Their gains followed a strong session for retailers on Wall Street and earnings from Super Retail Group Ltd (ASX: SUL).

Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) weighed on the market, slumping 0.6% amid falling oil prices and earnings from energy giant Santos Ltd (ASX: STO).

Crude oils hit six-month lows overnight, with the Brent crude price falling 2.9% to US$92.34 a barrel ­– its lowest point since February – while the US Nymex crude price lost 3.2% to hit US$86.53 a barrel – its lowest since January.

At the end of the day, seven of the ASX 200’s 11 sectors closed in the green. But which share outperformed all others to be crowned today’s top performer? Let’s take a look.

Top 10 ASX 200 shares countdown

The top performing ASX 200 share on Wednesday was annuities provider Challenger Ltd (ASX: CGF).

It posed a recovery after tumbling on the back of its earnings, released to the market yesterday, helped along by broker upgrades.

Learn more about the company and what it’s been up to lately here.

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

ASX-listed company	Share price	Price change
Challenger Ltd (ASX: CGF)	$6.76	5.63%
Brambles Limited (ASX: BXB)	$12.40	5.08%
City Chic Collective Ltd (ASX: CCX)	$2.44	4.72%
Super Retail Group Ltd (ASX: SUL)	$10.70	4.7%
New Hope Corporation Limited (ASX: NHC)	$4.57	4.34%
Reece Ltd (ASX: REH)	$16.35	3.55%
Reliance Worldwide Corporation Ltd (ASX: RWC)	$4.65	3.33%
Pendal Group Ltd (ASX: PDL)	$5.02	3.08%
Metcash Limited (ASX: MTS)	$4.24	2.91%
Zip Co Ltd (ASX: ZIP)	$1.075	2.87%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why did the Novonix share price nosedive 6% today?
• Looking to buy IAG shares but worried about where the growth will come from? Read this
• Here’s why the Nickel Industries share price is climbing on Wednesday
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why Brambles, Challenger, Nearmap, and Super Retail shares are rising today

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 Reliance Worldwide Corporation Limited, Super Retail Group Limited, and ZIPCOLTD FPO. The Motley Fool Australia has positions in and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Challenger Limited and Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Adore Beauty Group Ltd (ASX: ABY) share price is not looking all too glamorous on Wednesday.

At the close, shares in the online cosmetics and skincare retailer were 12% worse compared to yesterday. As a result, the company is now sporting a share price of $1.94, giving Adore a market capitalisation of $182.6 million.

So, what’s driving this less-than-glowing performance today?

Clearing the air on the Adore Beauty share price

What a world of difference 24 hours can make. Yesterday, shares in Adore Beauty were on fire, skyrocketing more than 30%. This was in addition to several extremely strong trading sessions leading up to Tuesday.

As a result, the Australian Securities Exchange issued the company with a speeding ticket — prompting an explanation for the swift upwards move. Fast forward to today and we have our supposed answer to the sudden euphoria.

According to the release, Adore said it was aware of Temple & Webster Group Ltd (ASX: TPW) experiencing a 29.7% glow-up amid the release of its FY22 annual results.

Furthermore, the company referenced our coverage yesterday of Adore. The article referenced was titled Why is the Adore Beauty share price rocketing 19% on Tuesday?. Adore Beauty points out this article discussed the outsized performance of both Temple & Webster and the Adore Beauty share price on Tuesday.

However, Adore highlighted that it was not aware of whether or not Temple & Webster’s results had any influence on its own share price. The company also noted it was unaware of future buying or selling intentions of a recent substantial shareholder, Woodson Funds.

Looking back

The recent rebound in value has acted as a reprieve to an otherwise painful year. Since the start of 2022, the seller of makeup and skincare products has endured a steady dismantling of value.

While the S&P/ASX 200 Index (ASX: XJO) is 6% in the red year-to-date, Adore is 52% underwater. This is even after a near 90% bounce back in the Adore Beauty share price.

The post Adore Beauty share price slips 12% following ASX speeding ticket appeared first on The Motley Fool Australia.

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More reading

• Why BHP, Life360, Tassal, and Temple & Webster shares are charging higher
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• The BHP share price now trades on a fully franked dividend yield of 11%
• Temple & Webster share price soars 21% on revenue lift
• Adore Beauty share price volatile following CEO resignation

Motley Fool contributor Mitchell Lawler 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 Temple & Webster Group Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited and Temple & Webster Group 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 Insurance Australia Group Ltd (ASX: IAG) share price closed in the green today, recovering from a dip after the company released its FY22 results last week.

The insurance giant’s shares gained 1.53% during Wednesday trade to $4.65 apiece. That takes the company’s share price to around the same level it was when it delivered its results last Friday.

Financial year 2022 was a mixed bag for IAG with uncertainty clouding its future growth. However, the insurance company’s management seems confident about its outlook.

But could it be looking through rose-tinted glasses? Let’s find out.

A quick recap of FY22 results

Whilst net profit improved dramatically from a $427 million loss in FY21 to $347 million in FY22, the same cannot be said for cash earnings.

IAG’s cash earnings took a tumble from $747 million to $213 million.

The company had to slash its dividend from 20 cents per share in FY21 to 11 cents per share in FY22.

As reported in the Australian Financial Review, IAG CEO Nick Hawkins said, “We had a tough … 24 months really but we can see genuine momentum within the organisation.”

CEO lays the bull case

In response to concerns over a growing price war that could potentially compress margins for insurers, the company maintains a medium-term margins target of between 15% to 17%.

Hawkins told the AFR Weekend, “That drives everything we do. We’re not going to make a decision against that in pursuit of something.”

This is after recording underlying insurance margins of 14.7% in FY21 and 14.6% in FY22.

Hawkins also advised growth would be driven by IAG’s “wonderful brands that we probably haven’t done as much with as we should have”.

Some of IAG’s brands include NRMA, SGIO, RACV in Victoria, and CGU Insurance.

And Hawkins was also upbeat on customer retention, saying it was “as strong as I can remember”.

The bear case

As reported in the AFR, a Jarden analyst advised clients that “accelerated premium rate momentum is required in our view to meet … margin targets”.

IAG management expects premium increases will likely absorb inflationary impacts.

I tend to err on the side of caution when management may appear overly confident in their guidance. In this case, I’m trying to understand how reasonable Hawkis’ predictions are relative to IAG’s past performance.

If you review the top line and bottom line for the last decade, IAG has produced quite volatile financial results.

It’s because the very nature of the products it sells is subject to forces outside its control.

Who would have predicted a war in Ukraine and the record-breaking floods this year?

So, how is Hawkins in a position to be so confident about IAG’s future if there are so many variables outside of his control?

I’m not asserting that his statements will prove to be false. Rather, I’m trying to frame his point of view in the context of the cold hard numbers.

Whilst management is confident in addressing inflation through higher premiums, Content Editor of Livewire Markets Glenn Freeman makes a great point about IAG.

He noted that IAG offers insurance products that are for shorter durations, like house and car insurance. If inflation keeps rising, this could spell significant price hikes for cars, automotive parts, wages, and building material supply.

All these factors will affect IAG, putting it in a vulnerable position.

IAG share price snapshot

In the last 12 months, the IAG share price has fallen 13% but is making ground with a 5% jump in the last month.

The S&P/ASX 200 Index (ASX: XJO) fared better in the last year, falling by 5% and gaining 7% in the last month.

IAG’s market capitalisation is around $11.4 billion. It’s currently trading at a price-to-earnings multiple of 34.69 times.

The post Looking to buy IAG shares but worried about where the growth will come from? Read this appeared first on The Motley Fool Australia.

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• Here’s why the Nickel Industries share price is climbing on Wednesday
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• How much have Medibank shares paid in dividends over the past 5 years?
• These ASX 200 shares just cracked new highs today
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Motley Fool contributor Raymond Jang 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 Insurance Australia Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. 

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The Carnarvon Energy Ltd (ASX: CVN) share price is tumbling today.

Carnarvon shares closed yesterday trading for 20 cents and are currently trading for 17 cents, down 17.5%.

The ASX energy share certainly hasn’t been helped by sliding oil prices, now at six-month lows.

But the real pressure on the Carnarvon share price today looks to be an update on its Dorado development, located offshore in Western Australia.

What’s happening at the Dorado project?

Investors are driving down the Carnarvon share price today after the company reported it will not make a financial investment decision (FID) for the project this year.

While the Dorado Front End Engineering and Design (FEED) works are “substantially” complete, the company said current instability in the cost environment and uncertainty around supply chain capacity will delay its FID.

Commenting on the progress and delays at Dorado, Carnarvon CEO Adrian Cook said:

Carnarvon is keen to see the timely sanctioning of the Dorado development and commencement of the construction phase, and we continue to work collaboratively with the operator to achieve this.

That said, given the current regional inflationary pressures and supply chain challenges, the risk of cost escalation is unacceptably high and requires fiscal discipline until this environment shows signs of stabilising.

As for funding, Carnarvon said a formal and ongoing process is underway to fund its share of the Dorado development. Carnarvon said it may divest some of its share in the project and associated exploration acreage prior to taking FID.

On the regulatory front, the Carnarvon share price could also be facing some headwinds. The explorer’s offshore project proposal remains under assessment by the National Offshore Petroleum Safety and Environmental Management Authority.

Cook remained upbeat on the project’s future, adding:

The analysis of the Pavo discovery to date shows that this is a tremendous resource with the potential to generate a significant amount of value for Carnarvon shareholders by utilising the proposed Dorado facilities. Accordingly, the Joint Venture is undertaking detailed studies to optimise an integrated Dorado development concept.

Carnarvon share price snapshot

The Carnarvon share price has struggled this year, down 53% since the opening bell on 4 January.

By comparison, the All Ordinaries Index (ASX: XAO) is down 7% in 2022.

The post Why is the Carnarvon share price cratering 18% on Wednesday? appeared first on The Motley Fool Australia.

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More reading

• Woodside share price dips as oil slumps to 6-month lows
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price has spent most of Wednesday in the red following a slump in oil prices.

At the time of writing, the ASX energy producer’s shares are down 0.09% to $32.01, after dipping to an intraday low of $31.73.

Let’s take a look at what’s happening with Woodside and the market.

Woodside shares lose ground as oil price slips

Investors are weighing down the Woodside share price as the price of its key commodity comes under selling pressure.

Currently, West Texas Intermediate (WTI) and Brent crude prices are trading at US$87.10 and US$92.84 per barrel, respectively.

China’s central bank cut key lending rates to stimulate demand as data revealed that the economy slowed down in July. The news shocked the market and likely led oil prices to sink to a six-month low.

It appears Beijing’s woes are being driven by its strict COVID-19 policy, which has severely impacted factory and retail activity. An ongoing property crisis within the country hasn’t helped matters.

The S&P/ASX 200 Energy Index (ASX: XEJ) is down 0.31% today, alongside other energy players.

Shares in fellow energy giant Santos Ltd (ASX: STO) are treading lower by 2.12% to $6.93 apiece despite the company’s positive half-year results released today.

What’s next for the price of oil?

Last week, OPEC issued its monthly oil market report forecasting that world oil demand growth in 2022 would be slower than previously expected. The group estimated that oil demand would grow at a healthy 3.1 million barrels per day (mb/d). This is due to expectations of a resurgence of COVID-19 restrictions and ongoing geopolitical uncertainties such as the Russian war in Ukraine.

In total, OPEC expects oil demand to average around 100 mb/d in 2022.

Looking further ahead, the forecast for world oil demand growth in 2023 remains unchanged at 2.7 mb/d, with total oil demand averaging 102.7 mb/d.

Woodside share price summary

Despite edging lower today, it has been a solid 12 months for the Woodside share price, up 54%.

The company’s shares reached a 52-week high of $35.77 in early June on the back of multi-year high oil prices.

In terms of market capitalisation, Woodside is the largest energy company on the ASX, with a valuation of approximately $60.78 billion.

The post Woodside share price dips as oil slumps to 6-month lows appeared first on The Motley Fool Australia.

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More reading

• Why is the Woodside share price sliding today?
• Why did the Woodside share price lag the ASX 200 on Monday?
• 5 things to watch on the ASX 200 on Monday
• Here are the top 10 ASX 200 shares today
• Why 5E Advanced Materials, IAG, Magnis, and Woodside shares are pushing higher

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

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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Allkem Ltd (ASX: AKE)

According to a note out of Macquarie, its analysts have retained their outperform rating and $16.20 price target on this lithium miner’s shares. This follows news that Allkem has signed a deal with Minera Santa Rita to swap assets. This will see Allkem transfer its Borax Argentina project to Minera Santa Rita in exchange for the Maria Victoria lithium tenements close to the Olaroz project. Macquarie notes that this will simplify things and make Allkem a pureplay lithium miner. The Allkem share price is trading at $12.34 on Wednesday.

Goodman Group (ASX: GMG)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $25.40 price target on this integrated industrial property company’s shares. This follows the release of a full year result that was broadly in line with its expectations. Looking ahead, the broker believes that Goodman will outperform its guidance in FY 2023 thanks to continued strong fundamentals that are underpinning demand for high-quality, well located logistics assets. The Goodman share price is fetching $21.08 this afternoon.

SEEK Limited (ASX: SEK)

Analysts at Morgans have upgraded this job listings company’s shares to an add rating with a trimmed price target of $29.40. This follows the release of a mixed full year result which beat on the top line but missed on the bottom line. Nevertheless, Morgans remains positive and believes that strong domestic listings and candidate shortages will continue to drive increased reliance/utilisation of Seek’s products. And while volume growth is expected to normalise in FY 2023 from the record high levels seen this year, the broker believes Seek has the ability to pull levers to drive yield growth. The Seek share price is trading at $23.48 on Wednesday afternoon.

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

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• Goldman Sachs tips huge returns for the Goodman share price
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Motley Fool contributor James Mickleboro has positions in Allkem Limited and SEEK Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended SEEK Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Nickel Industries Ltd (ASX: NIC) share price is trading higher today after the company announced a binding agreement for a battery solar project in Indonesia.

Shares of the nickel pig iron producer are fetching $1.152 apiece, up 2.86%. By comparison, the S&P/ASX 200 Materials Index (ASX: XMJ) is 0.22% higher at the time of writing.

Let’s go over the highlights of the agreement.

Binding term sheet for battery solar project

Nickel Industries said it has signed a binding term sheet with solar development company PT Sumber Energi Surya Nusantara (SESNA).

Under the terms, SESNA will “build, power, and maintain” a battery solar project to power a number of the company’s processing plants within the Indonesia Morowali Industrial Park (IMIP).

The project will power Nickel Industries’ Hengjaya Nickel, Ranger Nickel, and Oracle Nickel sites. Power will be generated via two solar batteries with a 200MWp and 20MWh capacity.

The binding term sheet is part of a memorandum of understanding with SESNA, made in January this year. No capital funding will be required by Nickel Industries for the project’s completion.

It also follows Nickel Industries’ previous engagement with SESNA to develop solar infrastructure for its operations. The companies have previously worked together on development of the Hengjaya mine, which Nickel Industries partially owns.

Mining activity is currently powered via diesel generators. Once the solar project is complete, it will save the company 31 million litres of diesel over 25 years.

Nickel Industries Managing Director Justin Werner said:

We are very pleased to announce the next step in our collaboration with SESNA to develop the first renewable energy production within IMIP, which reflects the Company and Tsingshan’s commitment to a material reduction in its greenhouse gas emissions. The fact that Nickel Industries is not required to provide any funding for the project is very attractive, as is the stable nature of the pricing which will be fixed over the 25-year contract period and which is currently lower than existing power costs.

The nickel price has been boosted by several tailwinds recently, including the increased production of electric vehicles in China.

Nickel Industries share price snapshot

The Nickel Industries share price is down 19% year to date.

The benchmark S&P/ASX 200 Index (ASX: XJO), by comparison, is down 6.2% over the same period.

The company has a current market capitalisation of roughly $3.15 billion.

The post Here’s why the Nickel Industries share price is climbing on Wednesday appeared first on The Motley Fool Australia.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to extend its winning streak. At the time of writing, the benchmark index is up 0.3% to 7,125.5 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are falling:

CSL Limited (ASX: CSL)

The CSL share price is down 1.5% to $292.25. Investors have been selling this biotherapeutics giant’s shares following the release of its full year results. Although CSL delivered a result that was in line with expectations, its guidance for FY 2023 fell short. CSL is forecasting an uplift in profits of around 8%.

Downer EDI Limited (ASX: DOW)

The Downer share price is down over 7% to $5.20. Investors have been selling this integrated services provider’s shares after it reported a 17% profit decline in FY 2022. Management blamed COVID-19 and severe wet weather for the poor performance. However, it is expecting a much better performance in FY 2023 and is guiding to underlying net profit growth of 10% to 20%.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 5% to $14.22. This morning this struggling fund manager released its full year results for FY 2022. Magellan reported an adjusted net profit after tax of $399.7 million, which was down 3% year over year. Management also warned that the material client outflows experienced in the second half of the year will impact FY 2023.

PointsBet Holdings Ltd (ASX: PBH)

The PointsBet share price is down almost 8% to $3.60. This is despite the sports betting company revealing that its shares have been approved for eligibility by the Depository Trust Company (DTC), facilitating real time electronic clearing and settlement in the United States. A soft night on the tech-focused NASDAQ index may have taken the wind out of its sails today.

The post Why CSL, Downer, Magellan, and PointsBet shares are falling today appeared first on The Motley Fool Australia.

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More reading

• Everything you need to know about the latest CSL dividend
• Downer share price drops on 17% profit slide
• An ASX 200 market darling in the past, but don’t expect fireworks from the CSL share price going forward
• Magellan share price in freefall despite 44% rise in profits
• CSL share price drops despite expectations of growth in FY23

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