After more than 11 years, Australia finally saw interest rates head upwards last week.

The Reserve Bank’s 25 basis-point boost in the cash rate was a rude awakening for an entire generation of consumers and homeowners that have never seen their debt obligations increase.

What does this mean?

The whole point of the RBA’s move is, not just to be a pain for the sake of it, but to stop people spending money in order to bring down inflation.

So if that goal is achieved, which ASX shares will not be anxious about a dramatic plunge in revenue?

One strategy is to back the companies that sell goods and services that Australians just cannot do without, regardless of the economic cycle.

Sequoia Wealth Management advisor Peter Day had a couple of “buy” ideas:

Drinks whether you’re at home or going out

The structure of Endeavour Group Ltd (ASX: EDV) is clever in that it has both a liquor retailing arm and hospitality business.

When people stayed home during the long COVID-19 lockdowns, its retail unit thrived as bored Australians sought to drink at home.

Then as vaccination rates soared and state governments loosened restrictions, its pubs and hotels saw improved business.

Now if Australians put away their wallets after their mortgage repayments rise, they may head back to drinking at home.

For Day, a recent acquisition is also a tailwind.

“Endeavour, in partnership with Warakirri Asset Management, have acquired Josef Chromy Wines in Tasmania for $55 million,” he told The Bull.

“We view the acquisition as a positive step. It’s consistent with our view that Endeavour is seeking margin accretive opportunities.”

Day suspected Josef Chromy would be added to the Pinnacle Drinks unit within Endeavour.

“Growth in Pinnacle brands and hotels are key opportunities underpinning our buy recommendation.”

If two analysts say the same thing, then this must be a buy

You will have shopped in one of Wesfarmers Ltd (ASX: WES)’s retail chains at one time or another: Bunnings, Kmart, Officeworks and Target.

Those stores sell everyday items that Australians will still need, regardless of whether they are taking on additional mortgage costs.

Wesfarmer’s brands make up a “quality retail portfolio”, according to Day. 

“Bunnings remains a solid performer, as people continue to invest in their homes.”

The stock price has been pummelled in recent times, plunging more than 18% so far this year and almost 26% since August.

But this just makes it even more tempting to buy for Day.

“We see the recent share price retreat providing a good entry point for investors,” he said.

“The Wesfarmers management team is highly [regarded] and the balance sheet is healthy.”

Morgans analyst Andrew Tang expressed the same view last week in almost the same words in his Best Ideas memo.

“We see the recent pullback in the share price as a good entry point for longer-term investors,” he said.

“The core Bunnings division remains a solid performer as consumers continue to invest in their homes.”

Tang also nominated Endeavour as one of his current buy recommendations.

The post 2 ASX shares to buy as Aussies tighten their belt appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• Broker names 2 of the ‘best’ ASX dividend shares to buy next week
• Guess which ASX 200 shares are defying today’s sell-off to climb higher
• Why is the Wesfarmers share price defying today’s ASX 200 bloodbath?
• Wesfarmers share price slips as Bunnings competition heats up

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers 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 team at Morgans has been looking over a number of ASX 200 shares once again.

Among its best ideas for May are the blue chip ASX 200 shares listed below. Here’s what you need to know about them:

ResMed Inc (ASX: RMD)

The first ASX 200 share that could be in the buy zone according to Morgans is ResMed. While the broker suspects that supply chain issues could make things volatile in the near term, it remains very positive on the long term.

While we believe the next few quarters will likely be volatile, as Covid-related demand for ventilators continues to slow and core sleep apnoea volumes gradually lift, nothing changes our medium/longer term view that the company remains well-placed as it builds a unique, patient-centric, connected-care digital platform that addresses the main pinch points across the healthcare value chain.

Morgans has an add rating and $39.23 price target on ResMed’s shares.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX 200 share that could be a top option for investors is Treasury Wine. Morgans rates the wine giant highly due to its strong portfolio and its recent restructuring. All in all, it feels this has positioned the company for strong growth over the coming years.

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The company recently reported an impressive 1H22 result despite facing a number of material headwinds. The foundations are now in place for TWE to deliver strong double-digit growth from 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Morgans has an add rating and $13.93 price target on Treasury Wine’s shares.

The post Broker names 2 of the ‘best’ blue chip ASX 200 shares to buy now appeared first on The Motley Fool Australia.

More reading

• Hoping to bag the Resmed dividend? Read this
• Guess which ASX 200 shares are defying today’s sell-off to climb higher
• 2 medical tech ASX shares Morgans loves right now
• Broker names the best ASX shares to buy right now
• Leading brokers name 3 ASX shares to 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 recommended ResMed. The Motley Fool Australia has recommended ResMed Inc. and Treasury Wine Estates 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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Unfortunately the S&P/ASX 200 Index (ASX: XJO) has plunged almost 4.8% over the past month as investors’ nerves have been tested.

There is much anxiety about inflation and rising interest rates — not to mention a vicious invasion of a democratic country in Europe.

But with volatility comes opportunity. 

Fairmont Equities managing director Michael Gable nominated 2 ASX shares he would pounce on right now:

Lithium miner going for cheap

Lithium producers are all the rage these days, with the element in hot demand as an ingredient for high-end batteries.

Despite this, Australian lithium miner Pilbara Minerals Ltd (ASX: PLS) has seen its share price sink almost 16% in the past month, to close Monday at $2.56.

“The share price has fallen from $3.62 on April 4,” Gable told The Bull.

“The price fall provides an appealing buying opportunity, in our view.”

According to The Motley Fool colleague James Mickleboro, the stock price weakness is not related to the business internally, but rather a market-wide pullback on lithium.

“The lithium industry has been hit particularly hard, with Pilbara Minerals just one of many lithium shares that are recording sizable declines.”

Gable agrees, noting business metrics for Pilbara look good.

“This lithium company recently posted a solid March quarter activities report. Lithium prices continued to climb, while cash costs fell,” he said.

“Production is expected to increase during 2022.”

Despite the recent pullback in the stock price, Pilbara shares are still double what they were 12 months ago.

Is this former darling ready to rocket again?

After being a star performer for decades, the COVID-19 era over the past couple of years has seen CSL Limited (ASX: CSL) shares go nowhere.

But Gable, who is an expert in share price movement (technical) analysis, reckons the biotechnology stock could be ready to break out.

“The share price of this blood products group has been mostly range bound for the past two years,” he said.

“CSL recently bounced off the lower part of its trading range, and upward share price momentum paints a positive outlook.”

The Australian giant has a large plasma collection business in the US, which took a huge hit during the pandemic with donors staying home.

Gable suspects this arm can’t do anything but improve from here.

“We expect buyer support in response to improving collections of plasma.”

CSL shares have dropped more than 8.3% for the year, and remain at almost the same price as when the March 2020 coronavirus crash struck.

The post 2 ASX shares at ‘appealing’ buy prices right now appeared first on The Motley Fool Australia.

More reading

• How did the CSL share price escape the carnage today?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Macquarie picks ASX 200 shares to buy in this volatile environment
• Low charge: Is the party over for ASX lithium stocks?
• 4 ‘defensive growth’ ASX shares to buy in turbulent times: Wilsons

Motley Fool contributor Tony Yoo has positions in CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in the red. The benchmark index fell 1.2% to 7,120.7 points.

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

ASX 200 expected to fall again

The Australian share market looks set to continue to sink on Tuesday after another selloff on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 97 points or 1.35% lower. On Wall Street, the Dow Jones fell 2%, the S&P 500 dropped 3.2%, and the Nasdaq crashed 4.3%.

Tech shares under pressure

Things look set to go from bad to worse for Australia’s tech sector on Tuesday. The likes of Appen Ltd (ASX: APX) and Block Inc (ASX: SQ2) are likely to fall deep into the red following a selloff in the US tech sector. Block’s US listed shares crashed a sizeable 13% during overnight trade on the NYSE.

Oil prices sink

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a difficult day after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 6.4% to US$102.74 a barrel and the Brent crude oil price has fallen 6.2% to US$105.46 a barrel. Traders were selling oil amid concerns over China’s lockdowns.

Gold price tumbles

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a bad day after the gold price sank overnight despite the market selloff. According to CNBC, the spot gold price is down 1.6% to US$1,851.5 an ounce. The precious metal was sold off after US bond yields rose

Wesfarmers rated as a sell

The Wesfarmers Ltd (ASX: WES) share price could be heading lower from here according to analysts at Goldman Sachs. This morning the broker reiterated its sell rating with a $38.60 price target on the conglomerate’s shares. This implies potential downside of over 20% for investors. Goldman expects Wesfarmers to be impacted from softening consumer demand due to broad-based inflation and higher housing costs.

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

More reading

• Here are the top 10 ASX shares today
• ‘Do not panic’: Experts explain how to stay calm and carry on investing amid rising interest rates
• Do Beach Energy shares pay dividends?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Macquarie share price tumbles 4% to 9-week low. Is it time to pounce?

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 Appen Ltd and Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. and Wesfarmers 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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If you’re looking for an easy way to invest, then exchange traded funds (ETFs) could be worth considering. Rather than deciding which individual shares to buy, ETFs allow you to invest in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are popular with analysts and investors right now:

BetaShares Global Energy Companies ETF (ASX: FUEL)

The first ETF to look at is the BetaShares Global Energy Companies ETF. This ETF provides investors with access to a group of global energy companies. This could make it a top option for investors looking to gain exposure to sky-high energy prices. Among the 50+ shares included in the fund are energy giants such as BP, Chevron, ExxonMobil, and Royal Dutch Shell. Last week the latter reported a quarterly profit of US$9.13 billion, which was almost triple its US$3.2 billion profit from the same period last year.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors easy exposure to a portfolio of the largest companies involved in video game development, hardware, and eSports. The gaming market has been growing strongly in recent years and now has an estimated 2.7 billion gamers globally according to VanEck, which is more than Netflix and iPhone users combined. To be included in the fund, a company is required to generate at least 50% of their revenues from video gaming and eSports. Making the cut are the likes of Nvidia, Roblox, Take-Two, and Electronic Arts.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ETF for investors to look at is the Vanguard MSCI Index International Shares ETF. This ETF provides investors with exposure to a massive ~1,500 of the world’s largest listed companies. This could make it a good option for investors seeking to add some diversification to a portfolio. Among the companies you’ll be investing in are giants such as Amazon, Apple, Johnson & Johnson, JP Morgan, Nestle, Procter & Gamble, and Visa.

The post 3 fantastic ETFs for ASX investors to buy this week appeared first on The Motley Fool Australia.

More reading

• These 2 ETFs could help to protect ASX investors against inflation
• How diversified is the Vanguard International Shares ETF?
• Are these 2 compelling ASX shares buys in May 2022?
• 5 ASX ETFs to combat inflation: fund manager
• Which ASX 200 shares have historically performed well during rising inflation?

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 BetaShares Global Energy Companies ETF – Currency Hedged and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and Vanguard MSCI Index International Shares ETF. 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, the S&P/ASX 200 Index (ASX: XJO) left investors disappointed once more as markets made another move downwards. At the end of the session, the benchmark index finished 1.18% lower at 7,120.6 points.

Shareholders experienced firsthand the 54-day high in the volatility index today as the violent sways in Aussie shares continue. The most dramatic swing to the downside could be seen in the real estate sector, with a fall of 4.2%. Similarly, tech and mining shares had an unfruitful day, both sectors tumbling more than 2%.

In contrast, energy shares in the index received a boost today following a gain in oil prices overnight. The Brent crude oil price strengthened 1.5% to US$112.39 a barrel — setting up oil and gas shares on Monday.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Westpac Banking Corporation (ASX: WBC) was the biggest gainer today. Shares in the major bank added 3.23% following the publication of its half-year results which showed a continued focus on cost reductions. Find out more about Westpac Banking Corporation here.

The next best performing ASX share across the market today was Whitehaven Coal Ltd (ASX: WHC). The coal producer rallied 2.63% despite there being no price-sensitive announcements from the company. However, there was a backdrop of strength across energy shares today. Uncover the latest Whitehaven Coal details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Westpac Banking Corporation (ASX: WBC)	$24.60	3.23%
Whitehaven Coal Ltd (ASX: WHC)	$5.08	2.63%
TPG Telecom Ltd (ASX: TPG)	$5.70	2.33%
Domino’s Pizza Enterprises Ltd (ASX: DMP)	$67.60	1.98%
Meridian Energy Ltd (ASX: MEZ)	$4.20	1.94%
Amcor Plc (ASX: AMC)	$18.08	1.52%
Iress Ltd (ASX: IRE)	$10.60	1.44%
Ramsay Health Care Ltd (ASX: RHC)	$78.75	1.22%
Metcash Ltd (ASX: MTS)	$4.74	1.07%
Beach Energy Ltd (ASX: MND)	$1.675	0.90%

Our top 10 ASX shares today 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 shares today appeared first on The Motley Fool Australia.

More reading

• 3 ASX All Ordinaries shares that managed to post decent gains on Monday
• ‘Do not panic’: Experts explain how to stay calm and carry on investing amid rising interest rates
• Why BrainChip, PolyNovo, TPG, and Westpac shares are pushing higher
• Here are the 3 most heavily traded ASX 200 shares on Monday
• These ASX shares pay you to own them

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Amcor Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, Ramsay Health Care Limited, TPG Telecom Limited, and 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 Hawsons Iron Ltd (ASX: HIO) share price had a horror day on the market today.

The explorer’s shares opened at 65 cents and fell a whopping 23.08% through the day to close at 50 cents. For perspective, the S&P/ASX 200 Index descended 1.18%.

Let’s take a look at what might have impacted the Hawsons Iron share price today.

Iron ore prices plunge

The Hawsons Iron share price has been volatile in recent days. In today’s trade, it dropped massively despite no price-sensitive news from the company.

It’s likely that sinking iron ore prices could be impacting the company’s share price. Singapore iron ore futures dropped 6.7% in global markets to US$128.75. Iron ore on China’s Dalian Commodity Exchange also gravitated more than 5% on Friday after traders reacted to China’s COVID-19 zero policy.

Shares of iron ore producers Fortescue Metals (ASX: FMG) and BHP Group Ltd (ASX: BHP) also dropped 5.76% and 1.26% respectively today. Meanwhile, the S&P/ASX 200 Resources Index (ASX: XJR) fell 1.89%.

Hawsons is exploring the Hawsons Iron Project near Broken Hill in New South Wales. This project received a three-year major project status renewal in March.

The company’s share price soared nearly 59% between market close on 27 April and 2 May. Investors appeared to react positively to the quarterly report released on 29 April. The company reported a cash balance of $18.377 million. However, since the market close on 2 May, the company’s share price has slipped 43%.

Hawsons Iron share price snapshot

The Hawsons Iron share price has exploded more than 1000% in a year and is up 233% this year-to-date.

In contrast, the benchmark S&P/ASX 200 Index (ASX: XJO) has returned less than 1% in the past year.

Hawsons has a market capitalisation of about $357.5 million based on today’s share price.

The post Why did the Hawsons Iron share price plunge more than 23% today? appeared first on The Motley Fool Australia.

More reading

• Hawsons Iron share price tumbles another 9% on Friday. What’s going on?
• Hawsons Iron share price volatility continues with more wild swings on Wednesday
• Hawsons Iron share price subjects investors to wild ride on Tuesday
• Guess which ASX iron ore share has surged more than 260% in a month. Hint: it’s not Fortescue

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

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The S&P/ASX 200 Index (ASX: XJO) may have slipped today, but the CSL Ltd (ASX: CSL) share price had a better day.

CSL shares jumped 0.84% to $270.40. In comparison, the benchmark index dropped 1.18% today.

So what is happening at CSL?

How is the CSL share price performing?

Shares in the global biotech company jumped 2.15% in earlier trade to $273.95 before retreating to the current share price. For perspective, the S&P/ASX 200 Health Care Index (ASX: XHJ) also leapt more than 1% in early trade from 40,260 to 40,683 points before pulling back.

Analysts at Wilsons have recently named CSL as one of four “defensive growth” shares to buy in turbulent times.

In a memo to clients, Wilsons recommended it was “sensible” to have an above-average allocation to defensives including CSL:

Our picks are healthcare, insurance and telco.

Sectors like healthcare and consumer staples, along with utilities, have performed well against a backdrop of higher uncertainty around the US Fed’s and RBA’s hiking expectations and the impact this will have on the economy.

Wilsons also recommended Insurance Australia Group Ltd (ASX: IAG), Telstra Corporation Ltd (ASX: TLS) and Healthco Healthcare and Wellness REIT (ASX: HCW).

Meanwhile, Macquarie has also recently named CSL as a share to buy during market volatility. My Foolish colleague Brendon reported that CSL is considered by Macquarie to be a COVID-recovery share.

Share price snapshot

The CSL share price has fallen nearly 2% in the past 12 months while it has descended 7% year-to-date.

In comparison, the benchmark ASX 200 has returned less than 1% over the past year.

CSL has a market capitalisation of nearly $130 billion based on today’s share price.

The post How did the CSL share price escape the carnage today? appeared first on The Motley Fool Australia.

More reading

• Macquarie picks ASX 200 shares to buy in this volatile environment
• 4 ‘defensive growth’ ASX shares to buy in turbulent times: Wilsons
• The CSL share price has tumbled 8% this year. Here’s why these top brokers still have faith
• 2 strong blue chip ASX 200 shares to buy after the market selloff according to analysts
• Broker names 3 ‘champion’ ASX 200 shares to buy and hold

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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 Bubs Australia Ltd (ASX: BUB) share price has dropped by more than 29% over the last month.

It has declined much further than the S&P/ASX 200 Index (ASX: XJO), which has fallen by around 5%.

There has been a lot of volatility on the ASX share market. Inflation and interest rates are firmly in investor minds. But, Bubs has also recently released a quarterly update which may be factoring into investor thoughts.

Quarterly recap

On 26 April 2022, Bubs told investors how it had performed in the three months to 31 March 2022.

It said that gross revenue was up by 49% to $17.6 million. This was the third consecutive quarter of growth compared to the prior year. Bubs revealed that it’s seeing “positive growth momentum” across all of its key business pillars – domestic, China and international. Could this growth help the Bubs Australia share price?

Domestic retail infant formula sales more than doubled, up 108% on the previous corresponding period. It has reached a market share record, according to Bubs, with 4.2% of the overall infant formula category, and 40% scan sales growth. It claims to now be the number one goat infant formula brand with 42.1% of the total domestic goat segment.

While Chinese sales (daigou and cross-border e-commerce) were only up 8% year on year, while international gross revenue rose by 153%. International sales now account for approximately a third of sales in the last quarter.

The company continues to expand its bricks and mortar retail footprint in the United States, with 254 Smart & Final supermarkets in California and 130 Buy Buy Baby stores across 37 states. This is in addition to the ranging at Ralphs Supermarkets and an online presence on Amazon.com, Walmart.com, Thrive.com and others.

Bubs expects to deliver half-on-half revenue growth in the second half of FY22, partly thanks to the rollout of the new Bubs Supreme A2 beta-casein infant formula product range in the fourth quarter.

Lockdowns in China

One thing that investors may be keeping their eyes on is the lockdowns in China. The Chinese market is an important segment for the company – direct sales accounted for 40% of quarterly sales.

Lockdowns continue in China as authorities seek to stamp out COVID-19 there. Regarding that situation, Bubs said:

Due to renewed concerns regarding an increased number of COVID cases, authorities in China have implemented a range of measures including lockdowns. Bubs is working with its partners to ensure that consumers are able to access our products. Whilst there continue to be new challenges and issues to work through, the unique restructure of supply chain and logistics over the last two years have enabled the business to maintain and accelerate the growth momentum.

Is the Bubs share price an opportunity?

The broker Citi thinks so, with a price target of 59 cents. That implies a potential upside of around 60%.

However, Citi did acknowledge that the quarterly update wasn’t as good as expected and thinks the lockdowns in China may impact the current quarter. Citi suggests Bubs Australia will need to invest some money into launching its new products.

The post Bubs share price sinks 29% in a month. Top broker tips 60% upside appeared first on The Motley Fool Australia.

More reading

• 2 great ASX growth shares to buy in May 2022: experts
• Bubs share price sinks 7% despite quarter of ‘exceptional growth’

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BUBS AUST FPO. 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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Monday has been a rough day on the ASX. The benchmark All Ordinaries Index (ASX: XAO) ended the day recording a 1.47% slump. Though, not all All Ordinaries shares were in the red.

In fact, some were boasting gains of more than 15% this afternoon.

So what pushed these All Ords constituents to outperform today? Let’s take a look.

3 ASX All Ordinaries shares that traded higher on Monday

BrainChip Holdings Ltd (ASX: BRN)

BrainChip was the best performing ASX All Ordinaries share on Monday.

As of Monday’s close, the artificial intelligence computing company’s share price was $1.21, 14.15% higher than it was at the end of Friday’s session.

It’s impossible to say what has caused the stock to surge today. Though, some eagle-eyed market watchers recently noticed a mention of a partnership between BrainChip and UK-based semiconductor company, Arm, reports The Motley Fool Australia’s James Mickleboro.

The partnership doesn’t appear to have been officially announced. However, BrainChip has outlined the partnership on its website, saying that the companies will work to create faster, smarter, and safer sensor products.

Westpac Banking Corp (ASX: WBC)

The Westpac share price is also among the All Ordinaries gainers today.

The bank’s stock closed 3.23% higher on Monday, at $24.60. The move followed the release of Westpac’s earnings for the first half of financial year 2022.  

Its revenue slipped 8% and its cash earnings tumbled 12% over the first half. Though, that appears to be a better outcome than the market had hoped for.

Additionally, the bank increased its dividend slightly, promising shareholders 61 cents per share for the period.  

Domino’s Pizza Enterprises Ltd. (ASX: DMP)

Finally, the Domino’s Pizza share price also outperformed the ASX All Ordinaries today.

It finished the day trading at $67.60, 1.98% higher than it ended last week. That’s despite no news having been released by the pizza chain operator.

However, the Domino’s share price tumbled nearly 4% on Friday. Today’s increase could be a slight rebalance following last week’s sell-off.

The post 3 ASX All Ordinaries shares that managed to post decent gains on Monday appeared first on The Motley Fool Australia.

More reading

• Why BrainChip, PolyNovo, TPG, and Westpac shares are pushing higher
• Why is the BrainChip share price racing 8% higher today?
• These ASX shares pay you to own them
• ASX 200 midday update: Westpac result impresses, AVZ halted
• Westpac share price charges higher on earnings beat and improving costs outlook

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 recommended Dominos Pizza Enterprises Limited and 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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