The CSL Limited (ASX: CSL) share price is in the green on Thursday despite the broader market’s struggles.

At the time of writing, shares in the healthcare giant are trading for $272.33, 0.53% higher than their previous close.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has tumbled 1.12%, and the All Ordinaries Index (ASX: XAO) has slipped 1.17%.

Let’s take a look at what might be helping CSL’s stock to dodge today’s carnage.

What’s buoying the CSL share price?

The CSL share price is outperforming on Thursday, as is its home sector – the S&P/ASX 200 Health Care Index (ASX: XHJ).

The health care sector has spent much of the day in the green but has just edged into the red by 0.06%.

And CSL isn’t the sector’s best performer.

It’s being beaten by ASX 200 staple Ramsay Health Care Limited (ASX: RHC). The stock is boasting a 0.71% gain right now.

Though, it’s not all sunshine for the healthcare sector on Thursday.

The Clinuvel Pharmaceuticals Limited (ASX: CUV) share price is plunging 5.97%, making it one of the worst performers on the ASX 200.

Despite today’s gains, the CSL share price is still 8.18% lower than it was at the start of 2022. That’s compared to the ASX 200’s 7.22% year-to-date slip.

Meanwhile, the healthcare index has plummeted 12.22% this year so far.

The post Why is the CSL share price defying today’s sell-off? appeared first on The Motley Fool Australia.

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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 CSL Ltd. The Motley Fool Australia has recommended Ramsay Health Care 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 Qantas Airways Ltd (ASX: QAN) share price is hitting some turbulence today, down 4.0%.

Qantas shares closed yesterday at $5.43 and are currently trading for $5.21.

So, what’s going on?

Airports’ peak contingency plans engaged

The Qantas share price isn’t the only one falling today.

In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is down 0.9%. Meanwhile, fellow ASX 200 travel share Flight Centre Travel Group Ltd (ASX: FLT) is down 5.3%, while Webjet Ltd (ASX: WEB) has lost 1.6%.

The Australian travel sector looks to be following the lead of US markets. Yesterday (overnight Aussie time), American Airlines Group Inc (NASDAQ: AAL) fell 3.2%, while United Airlines Holdings Inc (NASDAQ: UAL) tumbled 4.0%.

The Qantas share price is also slipping amid news that management has asked front office staff from the Sydney headquarters to roll up their sleeves and pitch in to help its overworked ground handling crews.

With a strong rebound in domestic travel numbers and international travel also beginning to tick higher, the airline is finding itself short-staffed in the wake of its pandemic workforce reductions.

As Bloomberg reports, an internal email sent by Qantas’ budget airline division, Jetstar, said, “We need your help,” adding that the request was part of its Airports Peak Contingency Plan.

According to the email, the airline is facing the most labour shortages in Melbourne, Sydney and Brisbane. But office workers volunteering to help out could find themselves in the other airports as well to assist with finding lost luggage or help laggards get through the lengthy security lines to make their flights.

Qantas issued a similar request to its front office staff over the Easter holidays as travel numbers peaked.

Qantas share price snapshot

Despite today’s sharp fall, the Qantas share price remains up 1.2% in 2022.

Over the past 12 months, Qantas shares have gained 8.3%, well outpacing the 3.0% one-year loss posted by the ASX 200.

The post ‘We need your help’: What’s dragging on the Qantas share price today? appeared first on The Motley Fool Australia.

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• Here’s what’s impacting the Qantas share price on Thursday

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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The Pilbara Minerals Ltd (ASX: PLS) share price has nosedived in the last few weeks and is currently sinking 4.55% today to a six-month low of $2.31. It is now down 27.81% this year to date.

Lithium stocks were hammered last week following a bearish note from Goldman Sachs on the outlook for battery metals’ demand and the electric vehicle (EV) space. It declared “the battery metals bull market is over”.

Those at Goldman forecasted a 2023 lithium price of US$16,372 per tonne, a huge plunge from the US$70,994/tonne lithium carbonate currently trades at.

Downgrade felt for Pilbara Minerals share price

While the Pilbara Minerals share price fell, it wasn’t alone. Numerous lithium players realised a segment-wide sell-off that resulted in heavy losses for miners and others positioned along the value chain.

Nevertheless, investors were quick to price in the revised outlook from Goldman.

Analysts at Credit Suisse followed suit, noting lithium prices could peak “[within] the next few months” amid shifting demand-supply mechanics.

The JP Morgan team were on the opposite side of the coin just a week earlier in its examination of the lithium sector.

“We remain positive on the lithium market with an expected near-term deficit that should be supportive of prices,” it wrote in a note to clients.

Pilbara fires back

Meanwhile, incoming Pilbara CEO Dale Henderson said that “it’s a fairly bold call to say the peak has occurred, and the downhill trend will start within this calendar year,” reported The Australian Financial Review.

Instead, Henderson said the outlook was in fact “very positive”, adding that “in Goldman’s report they support strong demand, but that strong supply is coming on foot”.

“Of course that supply is coming, the question is when[?]”

Nevertheless, the downward revision was enough to spell a downgrade from Credit Suisse to neutral. However, Barrenjoey Markets upped its rating to neutral last week.

That’s supported by Macquarie, and around 50% of other analysts saying the Pilbara Minerals share price is a buy right now, according to Bloomberg data. The remainder say it’s a hold.

Despite recent turbulence, the Pilbara Minerals share price has held onto a 70% gain these past 12 months.

The post Can the Pilbara Minerals share price recover from a 28% loss this year? appeared first on The Motley Fool Australia.

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• Here are the 3 most traded ASX 200 shares on Monday

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. 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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The Novonix Ltd (ASX: NVX) share price has continued its slide on Thursday.

In afternoon trade, the battery technology company’s shares were down 4% to a 10-month low of $3.17.

When the Novonix share price hit that level, it was down a massive 75% from its 52-week high of $12.47.

What’s going on with the Novonix share price?

The weakness in the Novonix share price today has been driven by broad market weakness, which is being felt hardest among higher risk shares.

For example, battery materials producers Liontown Resources Limited (ASX: LTR) and Pilbara Minerals Ltd (ASX: PLS) are both down over 4% on Thursday.

But what about its larger decline?

The catalyst for the 75% decline for the Novonix share price from its 52-week high appears to be valuation concerns.

After all, with a total of ~486 million shares outstanding, when its shares were fetching $12.47, it implied a market capitalisation of over $6 billion.

For context, that’s more than both AGL Energy Limited (ASX: AGL) and Bank of Queensland Limited (ASX: BOQ) despite Novonix generating only modest revenue of US$6.4 million during the first three quarters of FY 2022.

With Novonix’s market capitalisation now standing at ~$1.6 billion, it is looking more reasonable. However, the market may want to see a major uptick in its revenue before the buyers come flooding back in.

The post Novonix share price slips to 10-month low amid Thursday’s sell-off appeared first on The Motley Fool Australia.

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• These were the worst performing ASX 200 shares in May

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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June has been a rough month so far for the S&P/ASX 200 Index (ASX: XJO), but not all the shares that call it home have suffered.

While the index has crashed 2.18% since the end of May, these ASX 200 shares have enjoyed upwards momentum.

Let’s take a look at what’s driving them to 52-week highs on Thursday.

3 ASX 200 shares hitting 12-month highs today

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is in the green once more on Thursday, gaining 2.6% at its highest point. That saw the ASX 200 share trading at a new post-pandemic high of $35.66.

Its surge is likely due to rising oil prices. The Brent crude oil price lifted 2.5% overnight to reach US$123.58 a barrel. Meanwhile, the US West Texas Intermediate crude price gained 2.3% to hit US$122.11 per barrel. Their gains represent a new 13-week high for the commodity.

Oil prices gained amid demand for petrol in the US and concerns that China’s demand for oil could increase, reports Reuters.

Worley Ltd (ASX: WOR)

Woodside’s fellow ASX 200 energy share Worley is likely in the green for the same reason.

The Worley share price rose 1.9% to its new 52-week high of $15.69 today. That’s its highest point since January 2020.

Crown Resorts Ltd (ASX: CWN)

Finally, the ASX 200’s Crown saw its share price lift to a new 52-week high of $13.02 on Thursday. That represents a 2.1% gain on Wednesday’s close.

Its gains come on the back of news of Blackrock’s takeover of the casino giant.

Today, Crown announced that both the Victorian Gambling and Casino Control Commission and New South Wales Independent Gaming and Liquor Authority have given the $8.9 billion takeover the tick of approval.

The ASX 200 staple’s acquisition now only needs the ‘okay’ of the Western Australian gaming regulator and the Federal Court before it can be passed.

The post 3 ASX 200 shares rocking new 52-week highs on Thursday appeared first on The Motley Fool Australia.

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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 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 Cleanaway Waste Management Ltd (ASX: CWY) share price has been in the red all day following news of a disruption to the company’s operations in Victoria.

The waste management’s shares are trading 2.60% lower at $2.82 at the time of writing.

The drop coincides with bearish sentiment on the S&P/ASX 200 Industrials Index (ASX: XNJ) and the S&P/ASX 200 Index (ASX: XJO), which are down 1.23% and 0.85%, respectively.

Let’s take a look at the news out of Cleanaway on Thursday.

Cleanaway suffers another setback

Investors are offloading Cleanaway shares following the company’s announcement that its operations have been disrupted.

In today’s release, Cleanaway advised that a fire broke out yesterday at its medical waste processing facility in Dandenong, Victoria.

While no Cleanaway staff or contractors were hurt, the fire “caused significant damage to the equipment at the site”. As a result, the company said the Health Services business unit would be disrupted for an unspecified period of time.

Management is looking at ways to treat and dispose of medical waste that would usually be handled at the site. This includes temporary licence approvals to process medical waste at other Cleanaway facilities as well as disposal with third parties.

Cleanaway estimates the disruption will impact earnings before interest, tax, depreciation, and amortisation (EBITDA) by roughly $2 million to $3 million each month. While this is a preliminary forecast, the company expects to provide a clearer picture of the financial toll when available.

Unfortunately, this will further dampen Cleanaway’s balance sheet after the company provided a disappointing trading update in early May.

Previously, Cleanaway stated that EBITDA would already be $15 million to $20 million lower than its prior guidance. This is due to higher fuel and labour costs, and the recent east coast floods which caused property damage along with loss of vehicles and equipment.

About the Cleanaway share price

Since the start of the year, the Cleanaway share price has moved in circles to register a loss of 10%.

The company’s shares touched a 52-week high of $3.31 in April before reversing its year-to-date gains.

Cleanaway commands a market capitalisation of around $5.8 billion, with approximately 2 billion shares outstanding.

The post Why is the Cleanaway share price heading south today? 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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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, will execute a 20-for-1 stock split on July 15. That split will lower Alphabet’s trading price from about $2,300 to $115, but it won’t actually change its market capitalization or valuations. 

Nonetheless, Alphabet might attract some extra attention from retail investors due to its lower price tag. It could also generate more liquidity through options trading, since a single options contract represents 100 shares. And its lower share price could eventually lead to its inclusion in the price-weighted Dow Jones Industrial Average.

Alphabet might seem like a wobbly investment after its first-quarter revenue and earnings miss, but I believe it’s still a great stock to buy ahead of its split for four simple reasons. 

1. An unbeatable advertising business

In the first quarter, Alphabet generated 80% of its revenue from Google’s advertising business (including YouTube). Its ad business certainly isn’t immune to macro headwinds — it suffered temporary slowdowns during both the Great Recession and the COVID-19 pandemic — but it has always bounced back from such downturns.

Between 2011 and 2021, Google’s annual advertising revenue rose from $36.5 billion to $209.5 billion, a compound annual growth rate of 19.1%. This year, eMarketer estimates Google will control 27.7% of the digital ad market in the U.S. — putting it in first place ahead of Meta Platforms (NASDAQ: FB) (24.2%) and Amazon (NASDAQ: AMZN) (13.3%) — and remain the market leader in most markets outside of China.

Therefore, if you expect Google to ride out the current macroeconomic headwinds, then this is still a great time to invest in its market-leading digital advertising business.

2. An expanding and inescapable ecosystem

Google’s core business has grown so rapidly because its ecosystem is practically inescapable. It owns the world’s largest online search engine, the most widely used mobile operating system (Android), the most popular web browser (Chrome), the top webmail service (Gmail), the leading online mapping service (Google Maps), and the largest free streaming video platform (YouTube). It also operates a growing list of adjacent services like YouTube Music, Google Workspace, Google Pay, and Google Photos.

Those digital tentacles consistently gather personal data from its users, which it uses to better target ads across its ecosystem. That approach is controversial, especially among privacy advocates and antitrust regulators, but it’s remarkably effective for advertisers.

3. A rapidly growing cloud business

Google operates the third-largest cloud infrastructure platform in the world after Amazon (NASDAQ: AMZN) Web Services (AWS) and Microsoft‘s (NASDAQ: MSFT) Azure. Google Cloud held an 8% share of the global market in the first quarter, according to Canalys, compared to a 33% share for AWS and a 21% share for Azure.

Google Cloud won’t catch up to AWS or Azure anytime soon, but its revenue rose 53% to $8.9 billion in 2019, 46% to $13.1 billion in 2020, and 47% to $19.2 billion (amounting to 7% of Alphabet’s total revenue) in 2021. That means it’s growing faster than AWS and at a comparable pace to Azure.

Google Cloud should continue to grow over the long term as it attracts retailers that don’t want to work with Amazon or tether themselves to Microsoft’s sprawling ecosystem of enterprise software. That expansion should gradually reduce Google’s dependence on its advertising business. 

4. High growth rates and a low valuation

Alphabet’s scale and diversification have enabled it to generate robust growth over the past decade. Looking ahead, analysts expect its revenue to rise both 15% in 2022 and 2023. They expect its earnings to dip 1% this year as it ramps up its spending, but to increase 19% in 2023.

Over the next five years, they expect Alphabet’s annual earnings to grow at an average rate of about 17%. Investors should take those long-term estimates with a grain of salt, but they give it a low 5-year price-to-earnings-growth (PEG) ratio of 0.8. Stocks with a PEG ratio below 1.0 are considered undervalued, so Alphabet looks dirt cheap relative to its growth potential. By comparison, Meta and Amazon have 5-year PEG ratios of 1.2 and 3.0, respectively.

It’s still a great long-term investment

Alphabet’s share price might struggle over the next few quarters due to investors’ concerns about macroeconomic headwinds for advertising and the recent slowdown in YouTube’s ad sales.

But as a long-term Alphabet investor, I’m not too worried about these near-term speed bumps. I’m confident Google’s platforms will continue to grow over the next decade, and I believe Alphabet’s upcoming stock split will generate fresh interest from retail investors and options traders. Simply put, this tech titan remains a rock-solid investment in a tumultuous market. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 4 reasons to buy Alphabet before its stock split appeared first on The Motley Fool Australia.

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Leo Sun has positions in Alphabet (A shares), Amazon, and Meta Platforms, Inc. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Meta Platforms, Inc., and Microsoft. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, and Meta Platforms, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Experts believe that some S&P/ASX 200 Index (ASX: XJO) dividend shares are good opportunities and could also pay pleasing investment income in the coming years.

While a business isn’t a buy just because it pays a dividend, there are some companies where the valuation is attractive and that company’s dividend can add to the potential returns.

Businesses that are expected to pay attractive dividend yields may be appealing in a climate where capital growth is difficult. But who knows what’s going to happen next?

With that in mind, here are two ASX 200 dividend shares that one particular broker is a fan of.

Telstra Corporation Ltd (ASX: TLS)

Telstra is the largest telecommunications company in Australia, with a market capitalisation of $45 billion, according to the ASX.

It’s currently rated as a buy by the broker Ord Minnett, with a price target of $4.85. That implies a possible rise of more than 25% on its current share price of $3.875.

It thinks the telco will be successful in increasing mobile revenue, with a rise in average revenue per user (ARPU). This will help grow earnings before interest, tax, depreciation and amortisation (EBITDA).

The broker is expecting Telstra to pay a grossed-up dividend yield of 5.9% in FY22 and FY23 with the 16 cents per share annual dividend. Telstra itself has said it wants to keep paying this level of dividends for investors.

The ASX 200 dividend share is looking to grow its dividends over time as its profit and cash flow grow. Telstra sees its competitive position with 5G as an important factor that will help profit growth.

Bapcor Ltd (ASX: BAP)

Bapcor is a leading auto parts company in Australia and New Zealand with a number of businesses, including Burson Auto Parts, BNT, Autobarn, Autopro, Midas, ABS, Shock Shop, and Battery Town.

It’s currently rated as a buy by the broker Ord Minnett. The price target is $8.60, with implies a potential rise of around 40% on the current share price of $6.13.

One of the main reasons for its optimism was a trading update for the FY22 third quarter, where Bapcor said it performed “strongly with strong market demand”, without the impact of lockdown and the level of supply chain disruption in the first half of the financial year.

Year on year, trade revenue increased 5.3% for the quarter and specialist wholesale revenue increased 10.1%.

The ASX 200 dividend share said the fundamental drivers of the automotive aftermarket remain “strong” and are expected to continue to do so. In FY22, Bapcor is aiming to deliver pro forma earnings of at least the level of FY21.

Another thing the broker likes about the business is its potential growth in Asia, where it is expanding with its Burson brand and also benefiting from the Tye Soon stake it owns. Tye Soon is a similar business to Bapcor, operating in South East Asia.

According to Ord Minnett, Bapcor is expected to pay a grossed-up dividend yield of 5.2% in FY22 and 5.6% in FY23.

The post Broker tips 2 ASX 200 dividend shares with major upside AND juicy yields appeared first on The Motley Fool Australia.

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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 positions in and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Bapcor. 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’s turning out to be another day of heavy selling for the S&P/ASX 200 Index (ASX: XJO) so far this Thursday. At the time of writing, the ASX 200 is down by a nasty 0.87% and is back under 7,060 points.

And it’s ASX bank shares that seem to be leading the charge off the cliff.

Backing up yesterday’s heavy losses in the banking sector, today has seen major banks tumble. Commonwealth Bank of Australia (ASX: CBA) shares are currently down a painful 2.36%. It’s a similar story for most of the other ASX bank shares. But with one glaring exception – Macquarie Group Ltd (ASX: MQG).

Macquarie shares are presently defying the market’s gloom. This ASX 200 bank is currently up by 0.68% at just over $180 a share. This follows from Macquarie’s outperformance yesterday. The bank finished 0.99% higher on a day that saw utter carnage for most ASX banks.

So what’s going on with Macquarie to warrant such an exceptional treatment from investors?

Macquarie share price rises amid new interest rates for savers

Well, it could be a by-product of a recent announcement the bank made.

It’s likely that the painful losses investors have seen over this week in the bank sector are a result of the jumbo interest rate rise the Reserve Bank of Australia (RBA) delivered on Tuesday afternoon. As we covered earlier in the week, sharply rising rates have the potential to give mortgage-heavy banks a headache.

But Macquarie is using the new cash rate to get on the front foot, it seems.

Hot on the heels of the interest rate announcement, Macquarie revealed a new interest rate for its transaction accounts this week.

According to the company, as of 17 June, customers will enjoy an interest rate of up to 1.5% per annum on Macquarie’s transaction accounts, up from the current 0.2% rate. This new rate is far higher than the interest rates offered by most of the other ASX banks.

So perhaps investors are viewing Macquarie’s charge into offering market-leading interest rates as enough of a reason to spare the bank from the worst of the banking sectors’ falls today.

Whatever the reason for Macquarie shares’ resilience, no doubt investors will be pleased. At the current Macquarie share price, this ASX 200 bank share has a market capitalisation of $69.21 billion, with a dividend yield of 3.45%.

The post Macquarie shares are beating the other ASX 200 banks again today. What’s going on? appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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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The Jumbo Interactive Ltd (ASX: JIN) share price is falling with the market on Thursday.

In afternoon trade, the lottery ticket seller’s shares are down 1% to $14.62.

This means the Jumbo share price has now lost a quarter of its value in 2022.

Should investors be betting on the Jumbo share price?

The good news for shareholders is that one leading broker believes Jumbo’s shares can rebound strongly from current levels.

According to a note out of Morgans, its analysts have retained their add rating but trimmed their price target on the company’s shares to $18.30.

Based on the current Jumbo share price, this implies potential upside of 25% for investors over the next 12 months.

In addition, the broker is forecasting fully franked dividends of 44 cents per share in FY 2022 and 46 cents per share in FY 2023. This means that if you include the forecast dividends over the next 12 months, the total potential return stretches to over 28%.

What did the broker say?

Morgans came away from Jumbo’s investor forum feeling confident in its growth opportunities.

The broker notes that these include the “expansion of its SaaS business in the profitable charity sector, as well as medium-term penetration of the large US iLottery market.”

Overall, its analysts believe their “positive view on the investment prospects of JIN was reinforced and we reiterate an ADD rating.”

It concluded:

We reiterate our ADD rating. We believe JIN offers excellent strategic growth opportunities, both in Australia and overseas, supported by a steadily expanding domestic market for digital lottery retailing. The business is cash generative and has a low requirement for ongoing capex.

The post Why this top broker is betting on the Jumbo share price rising 25% appeared first on The Motley Fool Australia.

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