There is a fact that many retail investors ignore about their ASX shares.

It is that the biggest shocks to the portfolio don’t usually come from external forces like inflation, interest rates, or wars in Europe.

It’s most likely to come during reporting season.

“Results present a bi-annual moment of heightened risk for all stocks that report,” stated the analysts at Marcus Today in a blog post.

“Thanks to continuous disclosure requirements — meaning companies’ dump’ information at results — and high-frequency trading, the results reactions can be surprising and savage.”

These conditions can mean even multibillion-dollar S&P/ASX 200 Index (ASX: XJO) companies can see their share price shift 20% on results day, sometimes within minutes.

“Thanks to the herd that now thunders around the market in the short term, and the computers that react to a whiff, rather than a sniff, or even a taste, the results season has become a dangerous time,” read the memo.

“Holding stocks in August and February (the two results seasons) is like running around in an orange vest on a battlefield during an artillery barrage — you’re never quite sure whether you’re going to get blown up.”

So to assist investors, the blog post set out some rules to successfully navigate the August reporting season.

Know your reporting schedule

This one’s pretty basic. It’s to simply know which dates companies in your portfolio will announce their results.

“If you find a stock you hold is down 10% one morning after announcing results you didn’t know were due, it is a bit negligent,” read the memo.

“Don’t be surprised by announcements — there’s no excuse.”

History of surprising

Although past performance is no indicator of the future, certain companies have a track record of under-promising then over-delivering.

The Sydney Morning Herald’s Elizabeth Knight has written about how Macquarie Group Ltd (ASX: MQG) has such a habit, which is reportedly dubbed “Macquarie speak”. 

Switzer Group’s Paul Rickard has mentioned multiple times how CSL Limited (ASX: CSL) has a record of surprising on the upside during reporting season.

Identifying such companies before they report can be fruitful, according to the Marcus Today team.

“Go back and look at the last earnings announcement — the AGM maybe, a trading statement, a presentation — and see if the share price went up or down, whether it was positive or not, and whether brokers upgraded the next day or not,” read the memo.

“It is unlikely a company that has seen earnings upgrades running into results is going to disappoint, and there is an even better chance they will not disappoint.”

Don’t catch the falling knife

The other side of the coin is to not buy into down-in-the-dumps ASX shares, expecting a miracle turnaround in its results.

This is especially prudent in a turbulent year like 2022.

“Don’t catch the knife. Don’t swim against the tide. It’s not clever — it’s dumb,” read the blog post.

“It’s a game of odds, not heroics… Don’t bet on results being surprisingly good when the history is bad. For most of us, results are about risk minimisation, not risk-taking.”

Safer way to harvest a dividend

Rather than gambling on a dividend-paying stock before the results, just wait to see how their numbers look.

“If they are okay or good, buy the stock after the results and still collect the dividend that’s coming up. It’s dividend-stripping in full possession of the facts and avoids the gamble on the results.”

“If the results are good quite often, the stock will trend up after the announcement as well.” 

Don’t think you missed the boat

If a company reveals excellent results and the share price rockets up, don’t give up on buying, thinking you’ve missed the boat.

“There is an academic study about shock drops and shock rises in share prices. The conclusion was that when it comes to shares, a stock that has a shock move up or down continues to move in that same direction for the next nine days,” read the blog post.

“It’s the nine-day rule. In other words, if a stock has a good set of results and pops up 5%, don’t say ‘I’ve missed it’ — just buy it, because it is likely to keep going in that direction for a while.”

The theory is that the initial boost is just the start of a longer-term rise for the stock.

“The research the next day will be upbeat. Brokers will raise target prices and recommendations over the next week — fund managers make decisions slowly, it takes a while for the news to be discounted,” the memo read.

“You may miss the first day and the best day, but you’ll catch the next few days of trend, and your risk is much lower than punting ahead of the results.”

The post 5 things to do during ASX results season appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX 200 shares today
• Leading brokers name 3 ASX shares to buy today
• The Endeavour share price is trading near all-time highs. Is it too late to buy?
• Here are the 3 most heavily traded ASX 200 shares on Monday

Motley Fool contributor Tony Yoo has positions in CSL Ltd. and Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. The Motley Fool Australia has recommended Macquarie 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in fine form. The benchmark index rose 0.7% to 6,993 points.

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

ASX 200 expected to fall

The Australian share market is expected to open the day lower on Tuesday following a poor start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 19 points or 0.3% lower. On Wall Street the Dow Jones fell 0.15%, the S&P 500 dropped 0.3%, and the NASDAQ was down 0.2%.

RBA meeting

The Reserve Bank of Australia is meeting again today to decide on the cash rate. According to the latest cash rate futures, the market sees a 67% probability of the central bank raising the cash rate by 0.65% to 2%. Though, another 0.5% rise to 1.85% appears to be the more likely outcome at this afternoon’s meeting according to the Westpac Banking Corp (ASX: WBC) economic team.

Oil prices sink

It could be a difficult day for energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) after oil prices sank deep into the red on Monday night. According to Bloomberg, the WTI crude oil price is down 5% to US$93.66 a barrel and the Brent crude oil price has fallen 4.1% to US$99.72 a barrel. Traders were selling oil following concerns over weak Chinese factory data.

Credit Corp results

The Credit Corp Group Limited (ASX: CCP) share price will be on watch on Tuesday when the debt collector kicks off earnings season. According to a note out of Morgans, its analysts are expecting the company to report a full year net profit after tax of $96.2 million. This will be the top end of Credit Corp’s guidance range of $92 million to $97 million. Looking ahead, the broker is expecting management to guide to a net profit of $94 million to $104 million for FY 2023.

Gold price higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a decent day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.35% to US$1,788 an ounce. A softer US dollar and weak Chinese economic data boosted demand for the precious metal.

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

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• Will the RBA increase rates today?
• Here are the top 10 ASX 200 shares today
• Leading brokers name 3 ASX shares to buy today
• The Endeavour share price is trading near all-time highs. Is it too late to buy?
• Here are the 3 most heavily traded ASX 200 shares on Monday

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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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This afternoon, the Reserve Bank of Australia (RBA) will be meeting to discuss the cash rate once again.

The previous two meetings have seen the central bank raise rates by 0.5% on each occasion. Will the same happen again this time?

Will the RBA raise rates today?

The good news for savers and the bad news for borrowers is that the market is expecting the RBA to raise rates again on Tuesday.

According to the latest cash rate futures, the market is pricing in a 67% probability of an increase from 1.35% to 2%.

However, the more likely outcome according to economists will be a third consecutive 0.5% increase to 1.85%.

The economics team at Westpac Banking Corp (ASX: WBC) are among those forecasting a 0.5% increase this afternoon.

Westpac’s chief economist, Bill Evans, explained last week that he doesn’t expect this to be the final time the central bank lifts rates by this amount. He said:

For August, the Governor will continue to make the case for justifying a third consecutive 0.5% move therefore laying the foundation for the expected [0.5%] move in September.

After which, Evans is expecting rates to continue to rise but in smaller increments. He explained:

Just as we saw Chairman Powell, during the post FOMC Press Conference this week, imply that having reached the neutral zone (around 2.5%) with the federal funds rate (now 2.375%) it would be appropriate to slow the pace of tightening, we expect that following the 0.5% increase in September the RBA Board will move back to 0.25% increments from October as policy moves into the contractionary zone.

All in all, the bank expects this to eventually lead to the RBA maintaining the cash rate at 3.35% throughout 2023.

The post Will the RBA increase rates today? appeared first on The Motley Fool Australia.

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• Leading brokers name 3 ASX shares to buy today
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• ‘Raises a whole lot of issues’: Which ASX 200 banks are still funding new fossil fuel projects?

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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 Domino’s Pizza Enterprises Ltd (ASX: DMP) fell slightly today, but could it have better days ahead?

The company’s share price closed 0.44% lower today to trade at $72.12. In comparison, the  S&P/ASX 200 Index (ASX: XJO) jumped 0.69%.

Let’s take a look at the outlook for the popular pizza company.

What’s ahead?

According to Atlas Funds Management chief investment officer Hugh Dive, Domino’s pizza is due for a boost.

Despite not owning shares in the company, Dive predicted Domino’s could be “well placed to do quite well”. He added in an interview with livewire:

Bit of a caveat, similar to Hugh, we don’t own Domino’s.

But I think that they’ll be well placed to do quite well.

At a recent strategy presentation in Tokyo, Japan, the company announced the appointment of two new executives to boost sales in the continent.

Analyst’s at Ord Minnett also recently retained a buy rating on Domino’s share price.

The broker can see value in the company’s shares, my Foolish colleague James reported recently. Ord Minnett has placed an $88 price target on Domino’s shares. This is 14% higher than their current price.

However, the broker highlighted that Domino’s was facing some headwinds, including the falling Japanese yen and inflation.

Domino’s share price snapshot

The Domino’s share price has dropped 4% over the past 12 months and 10% year to date.

For perspective, the ASX 200 has slid more than 5% in the last 12 months.

Dominos has a market capitalisation of nearly $8.5 billion based on the current share price.

The post Top brokers say Domino’s share price has loads of extra topping in it, here’s why appeared first on The Motley Fool Australia.

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• Top brokers name 3 ASX shares to buy today
• Why is the Domino’s share price struggling on Monday?
• 2 ASX 200 shares ready for a massive resurgence: experts 
• 5 things to watch on the ASX 200 on Monday
• Experts name 2 beaten down ASX growth shares with plenty of upside potential

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

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The Whitehaven Coal Ltd (ASX: WHC) share price accelerated in July.

For the month, shares in the coal miner jumped 28% to finish at $6.21 on 29 July.

This means the company’s shares outperformed the S&P/ASX 200 Energy (ASX: XEJ) sector, which rose 2.1% over the same timeframe.

And looking at the start of the new month, Whitehaven shares are continuing their ascent.

At close of trade on Monday, the coal producers’ shares are up 2.09% to $6.34.

What’s fuelling Whitehaven shares lately?

Despite the gloomy outlook on the global economy, coal prices rebounded strongly over the month following significant tailwinds.

An International Energy Agency (IEA) report released last week stated that global coal demand is looking to return to its all-time high in 2022.

This comes on the back of news that China could reopen its ports to ships carrying Australian coal. The two-year ban follows a reset in political relations between the two countries since the Morrison government left office in May.

Subsequently, the price of coal has shot up to US$407 per tonne, a 5.6% increase since this time last month.

In its June quarterly report, Whitehaven achieved a record average coal price of AU$514 per tonne for the quarter and AU$325/t for FY22.

With higher coal prices translating to higher earnings, investors took notice of management forecasting its strongest ever full-year result.

As such, the company expects to report FY22 earnings before interest, tax, depreciation, and amortisation (EBITDA) of approximately $3 billion, subject to a final audit. 

The positive release led Whitehaven shares to lift 5.17% on the day, and another 8.79% over the next two days.

According to ANZ Share Investing, Citi remains confident on Whitehaven shares, raising its 12-month price target by 60% to $7.85. This represents an upside of around 24% based on the current share price.

Its analysts believe the miner’s shares are a buy as it is well-placed to benefit from strong coal prices.

Whitehaven share price summary

Due to the favourable commodity pricing, the Whitehaven share price has surged by more than 140% in 2022.

Although, when looking at the past 12 months, Whitehaven shares are up by 185%.

Whitehaven has a price-to-earnings (P/E) ratio of 55.61, and a market capitalisation of $5.93 billion.

The post Why did the Whitehaven share price surge 28% in July? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
• How long can ASX coal shares keep this rally up?
• Why is Whitehaven share price climbing 5% today?
• Morgan Stanley tips 30% upside for the Whitehaven share price. Here’s why
• Rocks and lasers: 2 ASX All Ords shares securing new multi-year highs on Wednesday

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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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There are a lot of quality shares to choose from on the Australian share market. To narrow things down, listed below are a couple of ASX shares that are highly rated by analysts.

Here’s what they are saying about them:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX share to look at is Aristocrat. It is a gaming technology company best-known for its industry-leading poker machines. However, it also has a digital business, named Pixel United, which is generating significant recurring revenues from mobile games.

But management isn’t settling for that. As well as investing heavily in research and development each year, it is aiming to expand into the emerging real money gaming market.

Citi is very positive on Aristocrat. Its analysts believe the company “represents a compelling long-term growth story” and recently noted that “while industry-wide trends present a risk to Aristocrat’s digital bookings outlook, the company’s key social casino titles and RAID had outperformed within their respective genres.”

The broker currently has a buy rating and $41.00 price target on the company’s shares.

Lifestyle Communities Limited (ASX: LIC)

Another ASX share that could be a quality option for investors is retirement communities company, Lifestyle Communities.

It develops, owns, and manages affordable independent living residential land lease communities and, at the last count, had 26 residential land lease communities under contract, in planning, in development, or under management.

Goldman Sachs is very positive on the company and believes it is well-placed to benefit from Australia’s ageing population and the structural growth in land lease living. It explained:

We believe LIC is well positioned to benefit from shifting demographic trends, as its business helps address some critical emerging social issues. Its core business is to provide affordable housing to an ageing population, addressing a key social issue that is becoming more prevalent as the proportion of over 50’s increases. We expect as this population cohort continues to grow, this should deliver structural growth for the industry; we expect demand to far outpace supply at current build rates.

Goldman has a conviction buy rating and $24.30 price target on its shares.

The post Top analysts say investors should buy these quality ASX shares appeared first on The Motley Fool Australia.

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• Experts name 2 ASX growth shares to buy with double-digit upside potential
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• Goldman Sachs names 2 ASX shares as conviction buys
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• Can the Lifestyle Communities share price recover 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 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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Today brought more gains for the S&P/ASX 200 Index (ASX: XJO), with energy shares taking the lead. The index was 0.69% higher at 6,993 points as of Monday’s close.

It marks a fifth consecutive session in which the benchmark index closed in the green. Though, it hasn’t clambered back its June losses yet.

The S&P/ASX 200 Energy Index (ASX: XEJ) led on Monday, gaining 1.9% on the back of higher oil prices.

The price of Brent crude oil lifted 2.7% on Friday to trade at US$110.01 a barrel. Meanwhile, the US Nymex crude oil price gained 2.3% to reach US$96.42 a barrel.

It was also a good day for the S&P/ASX 200 Health Care Index (ASX: XHJ) and the S&P/ASX 200 Materials Index (ASX: XMJ). The latter’s lift likely had something to do with higher base metals and iron ore prices.

The price of nickel lifted 7.8% on Friday while iron ore futures rose 7.4% to trade at US$115.48 a tonne.

It wasn’t all glory, however. The S&P/ASX 200 Information Technology Index (ASX: XIJ) slumped 0.4% on the back of the Megaport Ltd (ASX: MP1) share price’s 13% tumble.

At the end of Monday’s session, eight of the ASX 200’s 11 sectors were in the green. But which shares topped the lot? Let’s take a look.

Top 10 ASX 200 shares countdown

Today’s top performer was lithium and boron producer Allkem Ltd (ASX: AKE). The stock gained 4.5% today despite the company’s silence. Find out what Allkem has been up to lately here.

Today’s biggest gains were made by these ASX 200 shares:

ASX-listed company	Share price	Price change
Allkem Ltd (ASX: AKE)	$11.79	4.52%
Lynas Rare Earths Ltd (ASX: LYC)	$9.10	4.48%
Elders Ltd (ASX: ELD)	$11.75	4.17%
Champion Iron Ltd (ASX: CIA)	$4.98	3.75%
Sonic Healthcare Limited (ASX: SHL)	$35.40	3.3%
Sims Ltd (ASX: SGM)	$15.16	3.2%
St Barbara Ltd (ASX: SBM)	$1.16	3.11%
Deterra Royalties Ltd (ASX: DRR)	$4.45	3.01%
Pinnacle Investment Management Group Ltd (ASX: PNI)	$10.31	3%
Woodside Energy Group Ltd (ASX: WDS)	$32.84	2.69%

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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• Why is the Allkem share price leaping 5% on Monday?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Bank of Queensland share price getting a caning on Monday?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO and PINNACLE FPO. The Motley Fool Australia has positions in and has recommended PINNACLE FPO. The Motley Fool Australia has recommended Elders Limited, MEGAPORT FPO, and Sonic Healthcare 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 Fortescue Metals Group Limited (ASX: FMG) share price had a subdued start to the week.

The mining giant’s shares have just closed the day a touch under 1% lower at $18.21.

That’s despite rivals BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) both rising over 1%.

Why did the Fortescue share price underperform?

Today’s weakness in the Fortescue share price appears to have been driven by a lukewarm response to the company’s latest quarterly update.

For example, the team at Morgans responded by maintaining its hold rating and cutting the price target on the company’s shares to $17.40.

Based on the current Fortescue share price, this implies potential downside of 4.5% for investors over the next 12 months.

Morgans commented:

Despite recent share price weakness, we believe FMG is still trading around fair value and will look for further volatility before considering our investment view. We do see potential for the current volatility to push FMG into oversold territory.

What else?

Analysts at Goldman Sachs are far more bearish. In response to Fortescue’s update, the broker retained its sell rating and cut its price target to $12.70.

Based on the current Fortescue share price, this suggests significantly more downside risk of 30% over the next 12 months.

Goldman believes its shares are extremely overvalued when compared to BHP and Rio Tinto. It explained:

The stock is trading at a significant premium to BHP & RIO; c. 1.5x NAV vs. RIO & BHP at c. 0.8x & 1x NAV, c. 5.5x EBITDA (vs. BHP on 5x & RIO on c. 3.5x), and c. 5% FCF vs. BHP & RIO on c. 8-12%.

In addition. the broker has concerns over “widening of low grade 58% Fe product realisations” and “uncertainties around Fortescue Future Industries (FFI) diversification and Pilbara decarbonisation.”

The post What brokers are saying about the Fortescue share price in August appeared first on The Motley Fool Australia.

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• Guess which 2 ASX 200 shares have some of the highest dividend yields right now
• Fortescue share price slumps as iron ore price pulls back
• Why BrainChip, Fortescue, PointsBet, and Zip shares are dropping
• 5 things to watch on the ASX 200 on Friday
• Fortescue share price lifts on record iron ore exports

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 Qantas Airways Limited (ASX: QAN) share price had a strong day on the market today.

At close of trade on Monday, Qantas shares finished at $4.64, a 1.75% gain.

So what was behind the airline’s positive movement on the boards today?

What’s going on at Qantas?

The Qantas share price outperformed its fellow ASX 200 travel shares today. The Webjet Limited (ASX: WEB) share price descended 2.33% on Monday, while Flight Centre Travel Group Ltd (ASX: FLT) shares ended the day 0.93% in the red.

Today’s rise comes despite multiple flight cancellations. More than 21 flights were scrapped in Sydney on Monday.

This followed thousands of travellers being stranded on the tarmac on Sunday due to a “major computer glitch,” the Daily Mail reported.

Qantas said the problem was only “minor” and has now been fixed, Nine News reported. Today reporter Christine Ahern said in a tweet:

More chaos at Qantas after yesterdays IT glitch caused delays. The security line snaking back almost to international terminal at Melbourne airport.

However, New Zealand’s international border reopening last night could have been what saved the Qantas share price. Borders opened at 11:59pm last night.

Commenting on the news, New Zealand tourism minister Stuart Nash said:

Today’s change in border settings marks the final milestone for our reconnecting strategy.

Share price snapshot

The Qantas share price has lost more than 7% year to date. Though it has climbed 1% in the past year.

Qantas has a market capitalisation of nearly $8.8 billion based on the current share price.

The post Qantas share price lifts despite airport mayhem appeared first on The Motley Fool Australia.

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More reading

• When will Qantas shares pay a dividend again?
• What’s happening to the Qantas share price today?
• ‘At tipping point’: Qantas share price slides as chaos continues
• Why are ASX 200 travel shares having such a stellar session?
• Why are Flight Centre, Webjet, and other ASX travel shares sinking today?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Webjet 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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It ended up being a decent start to the trading week for the All Ordinaries Index (ASX: XAO) on Monday. Over today’s trading session, the All Ords ended up gaining a healthy 0.5%, putting it at the 7,210 point mark. But it was even better for a few All Ords shares.

So today, let’s take a look at three such All Ords shares that managed to hit new 52-week highs.

3 All Ords shares at 52-week highs today

BWP Trust (ASX: BWP)

BWP is a real estate investment trust (REIT) that is well-known for owning commercial real estate assets, including several of the warehouses occupied by the Wesfarmers Ltd (ASX: WES)-owned Bunnings. This REIT had a rather strange session.

Yes, it initially rose upon market open to a new 52-week high of $4.35 a unit. But BWP quickly lost steam throughout the day and ended up closing at $4.24, down 0.93% for the day. Even so, the new high watermark still counts.

Austal Ltd (ASX: ASB)

Shipbuilder Austal is next up this Monday. Austal shares also had a strange day of trading today. The company, like BWP, was out of the gate like a bull this morning, quickly rising to $2.79 a share, its new 52-week high.

But investors appeared to get cold feet as well, and Austral shares spent the rest of the day falling away from this new high. The company ended up finishing at $2.64 a share, down 1.49%.

It was only last week that we were discussing another new 52-week high for Austral. So it’s certainly been a great week for this company.

COG Financial Services Ltd (ASX: COG)

Third and finally, we have Cog Financial Services. Alone on this list, Cog actually finished in the green this Monday. The company closed at $1.87 a share this afternoon, up a pleasing 4.47%. However, that’s not Cog’s new 52-week high.

That came at market open when the company rocketed as high as $2 a share. That happens to be Cog’s new high watermark. Cog shares are now up close to 20% since 21 July, when the company released a well-received trading update.

The post These 3 ASX All Ordinaries shares hit new 52-week highs on Monday appeared first on The Motley Fool Australia.

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More reading

• These were the best performing ASX 200 shares in July
• Why is the Bubs share price smashing the All Ordinaries today?
• 3 ASX All Ordinaries shares hitting new 52-week highs on Wednesday
• 2 ASX 300 shares rocking new 52-week highs on Monday
• Why did the Kogan share price rocket 20% this week?

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 Austal Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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