If you’re looking to take advantage of recent weakness in the lithium industry, then Allkem Ltd (ASX: AKE) shares could be worth considering.

That’s the view of analysts at Morgans, which earlier this week reiterated their bullish view on this lithium stock.

According to the note, the broker has retained its add rating with a slightly trimmed price target of $16.38.

Based on the latest Allkem share price, this implies potential upside of over 40% for investors over the next 12 months.

Why is Morgans bullish on the Allkem share price?

Morgans is feeling very positive about the Allkem share price due to sky high lithium prices, its production mix, and its bold production growth plans.

The broker explained:

We maintain our ADD rating given the strong growth outlook for the company.

AKE’s diverse products and geographical mix adds opportunities to capture value as the market evolves. There is further potential upside that are not in our numbers such as Olaroz stage 3 and/or another lithium hydroxide plant. Should the lithium market continue to remain strong AKE still has a large amount of untapped growth potential.

What about concerns over weaker lithium prices in the coming years?

Something that has been weighing on lithium shares in recent weeks are concerns over the potential for lithium prices to tumble in the coming years as supply increases.

Morgans has considered this and acknowledges that prices will inevitably retreat from current levels in the future. However, it doesn’t necessarily think that decline is imminent.

We don’t think spot prices are likely to remain at current levels forever but we think there is still plenty of scope for contract prices to increase further before settling down into a long term average.

Overall, the broker appears to see the current Allkem share price as a great entry point for investors looking for lithium exposure.

The post Why this top broker is bullish on the Allkem share price appeared first on The Motley Fool Australia.

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• Analysts have just named these 2 ASX lithium stocks as buys
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• Allkem share price falls on mixed lithium update

Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Woolworths Group Ltd (ASX: WOW) share price has taken a bit of a tumble in recent weeks.

Since this time last month, the retail giant’s shares have fallen over 10%.

This has left the Woolworths share price trading within touching distance of a 52-week low.

Is the weakness in the Woolworths share price a buying opportunity?

According to a note out of Goldman Sachs, its analysts think that investors should be taking advantage of this share price weakness.

This morning the broker has reiterated its buy rating and $41.70 price target on the company’s shares.

Based on the current Woolworths share price of $34.47, this implies potential upside of 21% for investors over the next 12 months.

What did the broker say?

Goldman has been busy looking deeply into the grocery industry in recent weeks and its channel checks have revealed that trading remains strong despite rising inflation.

It explained:

We have conducted a series of channel checks in the last 2 weeks with key grocery industry participants (FMCG suppliers, fresh wholesalers, freight and logistics solution providers, SimilarWeb online traffic update). Bottom line: we see continued resilience in the grocery space, where most players have not seen a noticeable change in consumer behaviour.

We are encouraged by the resilience and superior operations of WOW and reiterate our unchanged FY22-24e Sales and EPS CAGR of 6.9% and 14.9% respectively. We expect this to be driven by high price growth, well protected GPM and slight EBIT margin expansion as COVID costs roll-off and cost efficiencies continue.

In light of this, the broker feels that the recent weakness in the Woolworths share price has created a buying opportunity. Particularly given that its shares are trading at their lowest valuation premium to the Coles Group Ltd (ASX: COL) since its spinoff from Wesfarmers Ltd (ASX: WES) in 2018.

The post Why this top broker thinks the Woolworths share price is cheap appeared first on The Motley Fool Australia.

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• Tolls and phones: Wilsons unveils 3 ASX shares to buy for a slowing economy
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• Why did the Woolworths share price underperform on Thursday?
• Own Woolworths shares? Here’s how the retailer plans to combat rising wage costs
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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 positions in and has recommended COLESGROUP DEF SET 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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With oil prices trading above US$120 per barrel and looking unlikely to retreat meaningfully any time soon, energy shares look well-placed to deliver bumper profits in the near term.

If you’re wanting to gain exposure to this side of the market, then the two ASX shares listed below could be worth considering. Here’s what you need to know:

BetaShares Global Energy Companies ETF (ASX: FUEL)

The first option for investors to consider is actually an exchange traded fund (ETF). The BetaShares Global Energy Companies ETF could be a top option for investors as it provides them with easy access to some of the biggest energy companies in the world.

Among its 40+ holdings you will find giants such as BP, Chevron, ConocoPhillips, ExxonMobil, Phillips 66, Royal Dutch Shell, and Total.

BetaShares notes that these companies are typically larger, more geographically diversified, and more vertically integrated than Australian listed energy companies.

Santos Ltd (ASX: STO)

Another option for investors to consider in the energy sector is Santos. It is one of Australia’s leading energy producers with a number of quality operations and growth projects.

The team at Morgans remain very positive on the company despite its strong gain (32%+) this year. They recently named Santos as one of the best shares to buy this month. The broker currently has an add rating and $10.00 price target on its shares, which compares favourably to the current Santos share price of $8.76.

Morgans commented:

We expect the resilience of STO’s growth profile and diversified earnings base see it best placed to outperform against a backdrop of a broader sector recovery. While pre-FEED, we see Dorado as likely to provide attractive growth for STO, while its recent acquisition increasing its stake in Darwin LNG has increased our confidence in Barossa’s development.

PNG growth meanwhile remains a riskier proposition, with the government adamant it will keep a larger share of economic rents while operator Exxon has significantly deferred growth plans across its global portfolio.

The post 2 ASX energy shares to buy now to take advantage of booming oil prices appeared first on The Motley Fool Australia.

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• Will June be a good month for the Santos share price?

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. 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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It’s been just over seven months since the Betashares Crypto Innovators ETF (ASX: CRYP) began trading on the ASX.

When the exchange traded fund (ETF) opened for trade on 4 November, it broke a number of barriers.

Namely, CRYP was the first ASX-listed ETF that offered investors direct exposure to a range of crypto-related assets.

Second, the ETF also set a new record for the volume of trades on an opening day. $8 million worth of trades went through within the initial 15 minutes of trade, with ASX investor interest seeing CRYP end its first day with record net buys of $39.7 million.

Does the ASX-listed Betashares CRYP ETF invest in Bitcoin?

Unlike a few crypto ETFs that launched on Cboe Australia recently, the ASX-listed CRYP does not invest directly in Bitcoin (CRYPTO: BTC) or any of the range of altcoins.

Instead, it provides ASX investors exposure to a range of crypto mining and blockchain-related companies.

The Betashares website states that CRYP can invest in as many as 50 related assets. It currently holds 34.

The ETF’s top four holdings, at the time of writing, are:

Silvergate Capital Corp (13.8%); Microstrategy Inc (10.1%); Galaxy Digital Holdings Ltd (8.1%); and Coinbase Global Inc (7.3%).

How has the ETF performed?

If you think timing the market is hard when it comes to buying shares, spare a thought to trying to time the entry of the first ASX-listed crypto ETF.

Unfortunately, the 4 November timing for CRYP could scarcely have been worse, with the share price now down 74% since launching.

While not investing directly in cryptocurrencies, the fortunes of the crypto mining and blockchain-related companies the ETF does invest in are closely tied to the rise and fall of digital asset prices.

Just six days after CRYP hit the boards at the ASX, Bitcoin hit all-time highs on 10 November. Good news on the day, but not so much over the past seven months, with Bitcoin down 56% since that peak.

Ethereum (CRYPTO: ETH), the world’s number two token, also hit its own record highs on 16 November. Ethereum is down 63% since then.

Tumbling crypto prices have seen the Silvergate share price tank 61% since 4 November; the Microstrategy share price lose 70%; Galaxy Digital shares drop 81%; and the Coinbase share price slide 80%.

CRYP has remained under pressure, with shares down 25% over the past month.

The post How has the ASX-listed Betashares CRYP ETF been performing? appeared first on The Motley Fool Australia.

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• ‘Wherever there’s smoke there’s probably crypto,’ warns Dogecoin founder
• Why are Bitcoin miners selling their holdings?
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• 2 top cryptocurrencies to buy and hold for decades

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Betashares Crypto Innovators ETF, Bitcoin, and Ethereum. The Motley Fool Australia has positions in and has recommended Bitcoin and Ethereum. 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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So interest rates have risen 75 basis points over the past five weeks, and there is more to come.

This means that Australian consumers will rein in their spending and bunker down in order to make higher mortgage repayments.

If life’s excesses are trimmed, perhaps it’s best to back ASX shares of companies that provide goods and services that Aussies just can’t live without.

Wilsons investment advisor Peter Moran this week named two such examples to buy right now:

An ASX stock buy for the great outdoors

You may have seen the logo of ARB Corporation Limited (ASX: ARB) on other vehicles as you drive around Australia.

This is because ARB provides accessories and parts for a favourite Australian pastime — 4-wheel driving.

The company absolutely went gangbusters during the COVID-19 pandemic as Australians trapped in lockdown made their own adventures.

By November last year, ARB shares had quadrupled from its panic-selling low in March 2020.

Yes, it rose 300% over just 20 months.

But 2022 has been pretty ugly for the ASX stock. It has lost nearly half its value.

Moran still has faith, and believes it has been oversold.

“Underlying demand for parts remains strong, and the trend towards owning 4-wheel drive vehicles is likely to continue,” he told The Bull.

“We expect supply constraints to ease over time, which should generate higher levels of sales growth. We hold an overweight rating.”

Who wants a bucket tonight?

After enjoying the outdoor lifestyle, Australians also like to enjoy a greasy meal now and then.

This is where Moran’s other buying tip, Collins Foods Ltd (ASX: CKF), comes in.

“Collins Foods owns more than 300 KFC outlets in Australia,” he said.

“Collins is well-positioned for additional growth through its continuing rollout of Taco Bell outlets in Australia and via its KFC European operations.”

The owner of Kentucky Fried Chicken, like ARB, thrived during the lockdown era as Australians bought takeaway in droves.

Its share price almost tripled from the March 2020 trough.

However, Collins shares have fallen almost 33% year-to-date, and KFC outlets are now having to replace lettuce with cabbage in their burgers due to high supply costs.

But Moran is not worried.

“Concerns about increasing input costs have flowed to a weaker share price,” he said.

“Although costs will rise, investor concerns are too exaggerated, in our view. We hold an overweight rating.”

The post 2 ASX shares the Aussie lifestyle can’t do without appeared first on The Motley Fool Australia.

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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 positions in and has recommended Collins Foods Limited. The Motley Fool Australia has recommended ARB Corporation Limited and Collins Foods 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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It’s been a terrible year for mid- and small-cap ASX shares, and professional fund managers have fared no better than retail investors.

Montgomery Investment Management chief investment officer Roger Montgomery is no exception, recently making a stunning revelation about his personal holdings.

“When I first invested in the Polen Capital Global Small and Mid Cap Fund, I didn’t expect the unit price to decline by nearly 40%,” he said.

“But it has.”

That’s all good and well, but everyone’s portfolios are in the red right now.

The big question is whether it’s time to buy up bargains, or are there more falls to come?

“Several friends have asked me to let them know when I decide to make additional investments in equities,” he said on his blog.

“Of course, I can’t predict what will happen in markets in the short term… [But] over the longer term, I am acutely aware of the old investing aphorism: the lower the price you pay, the higher your return.”

Earnings will now rule the share market

The aggregate forward price-to-earnings ratio of the stocks in the Polen Capital fund was 44 when it started its journey.

Now that ratio has tumbled to 25 times.

Montgomery analysed this drop to figure out a clue about whether it’s time to buy.

“If I break up the PE multiple compression of the portfolio into its components, we find about 70% is due to lower prices but 30% is due to higher earnings the companies have generated,” he said.

“And that’s the point. Polen calculates the companies in the portfolio have grown earnings by nearly 25% per annum over the last five years on revenue growth of 18.5% per annum over the last five years.”

And forward earnings growth for the next five years is estimated to range between 20% and 25%.

‘I will be calling my banker’

The fact that an increase in earnings is a major contributor to the dramatic fall in PE ratios gives Montgomery much confidence.

“Unless the [US] Fed surprises with even more aggressive rate hikes, the future direction of the market should now be determined by earnings growth.”

He reckons that explains why Warren Buffett’s Berkshire Hathaway Inc (NYSE: BRK.A) bought up more than US$51 billion of shares in the March quarter.

“I trust you can see why I have instructed my banker to transfer additional funds into the Polen Capital Global Small and Mid Cap Fund,” said Montgomery. 

“And if the market continues to fall, I will be calling my banker again to continue the process of dollar cost averaging.”

A spanner in the works is possible though, in the form of a global recession.

Montgomery admits it’s possible, but unlikely.

“Current economic forecasts for the rest of 2022 and 2023 aren’t suggesting any negative rates of growth,” he said.

“So, with PEs now at recent historical lows, I’d prefer to look at the earnings growth of the companies we own.”

The post My shares have plunged 40% but I’m buying like there’s no tomorrow: fundie appeared first on The Motley Fool Australia.

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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 positions in and has recommended Berkshire Hathaway (B shares). The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), short January 2023 $200 puts on Berkshire Hathaway (B shares), and short January 2023 $265 calls on Berkshire Hathaway (B shares). The Motley Fool Australia has recommended Berkshire Hathaway (B shares). 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 Wednesday, the S&P/ASX 200 Index (ASX: XJO) was able to record a small gain despite weakness in the banking sector. The benchmark index rose 0.35% to 7,121.1 points.

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

ASX 200 expected to fall

The Australian share market looks set to tumble on Thursday following a disappointing night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 53 points or 0.75% lower this morning. On Wall Street, the Dow Jones fell 0.8%, the S&P 500 dropped 1.1%, and the Nasdaq tumbled 0.7%. This was driven by concerns that rising oil prices could stifle economic growth.

Miners likely to fall

It could be a tough day for the mining sector after BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) saw their US listed shares tumble overnight. Both mining giant’s dropped approximately 2.5% due to the weakening global economic outlook because of rising inflation.

Oil prices storm higher

It could be a good day for energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices continued their ascent overnight. According to Bloomberg, the WTI crude oil price is up 2.6% to US$122.56 a barrel and the Brent crude oil price is up 2.9% to US$124.02 a barrel. Oil jumped to a 13-week high on rising US gasoline demand.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price edged higher overnight. According to CNBC, the spot gold price is up 0.15% to US$1,854.70 an ounce. The precious metal rose amid concerns over global growth.

St Barbara acquisition talks

The St Barbara Ltd (ASX: SBM) share price will be one to watch after $380 million Genesis Minerals Ltd (ASX: GMD) confirmed that it had been in acquisition talks with the gold miner. However, these talks have now concluded and St Barbara has yet to make a takeover offer. Genesis is a gold explorer with a project in close proximity to St Barbara’s Leonora operation.

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

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• Here are 2 ASX 50 shares analysts rate as buys
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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 ASX 50 index is home to 50 of the largest listed companies on the Australian share market.

While there are a number of quality options on offer in the index, two that could be in the buy zone are listed below.

Here’s what you need to know about these ASX 50 shares:

BHP Group Ltd (ASX: BHP)

The first ASX 50 share for investors to look at is BHP. It is of course one of the world’s largest mining companies with a portfolio of world class operations across a range of commodities and geographies.

It could be a top option for investors thanks to strong prices for many of the commodities it is producing. This is expected to offset higher labour costs and generate bumper free cash flow again in FY 2022.

And with the Big Australian’s balance sheet in a very healthy position, this provides it with the opportunity to reward shareholders with big dividends and consider M&A activities.

And while the BHP share price has stormed 12% higher this year, analysts at Macquarie still see plenty of upside ahead. Its analysts currently have an outperform rating and $57.00 price target on its shares.

REA Group Limited (ASX: REA)

Another ASX 50 share that is highly rated is REA Group. It is the dominant player in real estate listings in the Australian market.

Its shares have been hammered this year amid weakness in the tech sector. As disappointing as this is, it could be a buying opportunity for long term investors.

For example, Goldman Sachs currently has a buy rating and $167.00 price target on its shares.

Its analysts note that management “remains confident it can achieve double digit revenue/EBITDA growth through the cycle with positive jaws.”

“Overall, we believe these commitments illustrate the pricing power of REA, pipeline of value-add products, and its ability to offset any potential macro weakness, and now forecast FY22-24E Sales growth of 10% despite challenging volume listings,” it added.

The post Here are 2 ASX 50 shares analysts rate as buys appeared first on The Motley Fool Australia.

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

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The Fortescue Metals Group Limited (ASX: FMG) share price has continued its strong form lately.

During Wednesday’s market close, the iron ore mining outfit’s shares lifted 2.22% to $21.63.

This means that Fortescue shares have surged 7.56% higher for the month of June.

In comparison, S&P/ASX 200 Index (ASX: XJO) is 1.25% in the red so far in June. This follows the Reserve Bank of Australia’s rate hike yesterday, which dragged down the benchmark index.

Let’s take a closer look at what’s driving the miner’s shares upwards.

Iron ore prices touch one-month high

Investors are bidding up the Fortescue share price after iron ore prices reached a one-month high.

Currently, the steel-making ingredient is fetching at US$146.50 per tonne, an improvement of 9.7% for the month of June.

An easing of COVID-19 restrictions in China as well as more potential support from government is driving the price.

In addition, it appears that the market is optimistic that demand could elevate as Chinese workers return to their jobs.

According to Bloomberg, iron ore inventories at major ports dropped to an eight-month low.

With demand outpacing supply, iron ore prices could rally even further.

Recently, India raised export duties for iron ore to 50% which increases the cost for steel mills. This is likely to impact supply on the international market as it becomes more expensive to send iron ore products overseas.

Fortescue share price snapshot

Over the past 12 months, the Fortescue share price has struggled to consistently remain near the $20 mark.

The company’s shares are down 3.5% for the period.

When looking at the year to date, Fortescue shares are up 12% despite a volatile start to 2022.

Based on today’s price, Fortescue presides a market capitalisation of approximately $66.07 billion.

The post Here’s why the Fortescue share price is 8% higher so far in June appeared first on The Motley Fool Australia.

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• Is now the time to load up on Fortescue shares?
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• Why are the ASX 200 iron ore giants outperforming on Friday?
• ASX 200 midday update: Healius disappoints, BHP and Fortescue storm higher

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

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The Peninsula Energy Ltd (ASX: PEN) share price exploded today following positive news for the global uranium market.

Peninsula shares spent all day in the green, surging to close 20% higher at 21 cents apiece. In contrast, the S&P/ASX 200 Index (ASX: XJO) index lifted just 0.36% today.

So why did the Peninsula Energy share price have such a good day?

Biden administration target uranium production

It appears investors were interested in buying up Peninsula shares following news out of the United States overnight.

According to a Bloomberg report, US Government energy officials are meeting with congress staff to discuss a uranium deal.

President Joe Biden’s administration is reportedly seeking support for a $4.3 billion plan to buy uranium from domestic producers. Peninsula Energy is a mineral explorer focused on the Lance Uranium Project in the US state of Wyoming. 

The company is intent on expanding its project in the US. On 16 May, Peninsula Energy announced it had boosted its North American board presence with the appointment of Brian Booth as a non-executive director.

Commenting on the company’s plans for the Lance Uranium Project in the US, chairman John Harrison said:

We are very happy to secure the experience and services of Brian as a non-executive director as we embark on a critical six-month period for the company.

Brian brings extensive North American mining and capital markets experience and an impressive history of successfully guiding and leading companies through the mining lifecycle.

I much look forward to working with Brian as we work towards transitioning Lance into production.

Peninsula plans to make a final investment decision on the Lance project in the 2022 calendar year.

Peninsula Energy share price snapshot

The Peninsula share price flew higher than its ASX uranium peers today. The Paladin Energy Ltd (ASX: PDN) jumped almost 13% at the close, Boss Energy Ltd (ASX: BOE) surged 12%, while Bannerman Energy Ltd (ASX: BMN) leaped 9.5%.

The Peninsula Energy share price has soared 27% in the past 12 months, lifting 5% year-to-date.

In contrast, the S&P/ASX 200 Index (ASX: XJO) has shed 2% in the past year.

Peninsula Energy has a market capitalisation of about $209 million based on the current share price.

The post Peninsula Energy share price soars 20% amid US news on uranium market appeared first on The Motley Fool Australia.

More reading

• Why are ASX 200 energy shares jumping today?
• Why are ASX uranium shares having such a cracker run on Wednesday?

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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