In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on track to record another strong gain. At the time of writing, the benchmark index is up 1.1% to 7,251.6 points.

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

ASX Ltd (ASX: ASX)

The ASX share price is down 2% to $80.61. This follows an outage which saw its ASX 24 futures contracts trading platform go offline for several hours. The stock exchange operator has since revealed that it is now up and running. It commented: “ASX can confirm that the issue was caused by a hardware fault, which has been resolved.“

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global Resources share price is down 4.5% to $1.82. This decline is entirely attributable to the coal miner’s shares going ex-dividend this morning for its 8.8 cents per share final dividend. In fact, if you take this out of the equation, the company’s shares would be a fraction higher for the day. Eligible shareholders will be paid this dividend next month on 8 April.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is down 3.5% to $8.39. This is despite there being no news out of the grain exporter. However, it is worth noting that its shares had risen over 35% during the last six months prior to today’s decline. Some investors may have decided to take a bit of profit off the table and rotate into other areas of the market.

Integral Diagnostics Ltd (ASX: IDX)

The Integral Diagnostics share price is down 2.5% to $3.77. This morning the medical imaging services provider announced the completion of the retail component of its entitlement offer. Integral Diagnostics raised approximately $43 million at the offer price of $3.44 per new share, bringing the total raised to ~$90 million. However, there was only a 40% take up rate by retail shareholders, which ultimately led to around half of the retail offer being allocated to sub-underwriters.

The post Why ASX, Coronado, Graincorp, and Integral Diagnostics shares are dropping today appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Block and Zip shoot higher, Ampol’s acquisition boost
• 2 ASX shares to buy now at bargain prices that you’ve forgotten about
• Why Goldman says to buy these ASX coal shares right now
• Leading brokers name 3 ASX shares to sell today
• These 3 ASX 200 shares are topping the volume charts on Tuesday

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 Integral Diagnostics Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is benefitting from another strong performance here on the ASX this Thursday. At the time of writing, the ASX 200 is up a pleasing 1% at just under 7,250 points. 

But let’s dig a little deeper into these gains and have a look at the ASX 200 shares that are currently at the top of the market’s volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume on Thursday

Zip Co Ltd (ASX: Z1P)

The ASX’s largest buy now, pay later (BNPL) share Zip is our first share of the day today. Zip has had a notable 19.96 million of its shares swap hands as it currently stands. This has almost certainly been sparked by the gigantic leap upwards the company has enjoyed during today’s trading session.

The Zip share price is currently up an eye-catching 10.5% at $1.58 a share after going as high as $1.62 in earlier trading. No wonder this company is experiencing higher than normal trading volumes. 

Nickel Mines Ltd (ASX: NIC)

Nickel Mines is our next ASX 200 share to check out today. This resources share has seen a hefty 22.91 million shares bought and sold at the time of writing. This doesn’t appear to have been caused by any news out of the company itself.

So we can probably assume it is the result of the movement of the Nickel Mines share price itself. At present, the company is up a robust 5.42% at $1.26 a share. This is the likely source of this elevated trading volume. 

Telsra Corproation Ltd (ASX: TLS)

ASX 200 telco Telstra is last up this Thursday. At present, a sizeable 23.11 million Telstra shares have found their way around the ASX boards thus far. Again, there have been no major news or announcements out of the company, save for a share buyback notice that is probably helping this volume. 

But Telstra shares have had a rather wild day. They were up at $4 at one point, but have cooled off in afternoon trading and are now going for $2.96 each, up 0.13% for the day. This bouncing around has likely also contributed to this volume of shares trading. 

The post These 3 ASX 200 shares are topping the volume charts this Thursday appeared first on The Motley Fool Australia.

More reading

• Why Ampol, EML, Vulcan, and Zip shares are zooming higher
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• ASX 200 (ASX:XJO) midday update: Block and Zip shoot higher, Ampol’s acquisition boost
• Is the party over for ASX 200 gold shares?
• ASX 200 shares open with a bang following US interest rate rise

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The All Ordinaries Index (ASX: XAO) is in a buoyant mood this Thursday. At the time of writing, the All Ords is up a very pleasing 1.2% at just over 7,500 points. But one ASX share is doing a whole lot better. That would be the Kogan.com Ltd (ASX: KGN) share price.

Kogan shares are presently trading at $5.56 each, up a rather extraordinary 13.24%. So what has happened to this ASX e-commerce company to elicit such a response from investors?

Well, unfortunately, the answer is not clear. The company hasn’t put out any news or ASX releases today that might easily explain this move.

Kogan share price caught in a tornado of goodwill?

However, let’s put today’s move in context. Before this leap upwards, Kogan shares had lost more than 41% of their value in 2022 to date.

Even after today, the company remains down more than 35% this year. Kogan arguably falls into the ‘growth share‘ characterisation that many market participants love to use.

Growth shares are typically in favour when the market is in the mood for taking risks and making money. But conversely, they are often the first shares to be sold when there is an investing climate dominated by fear. And 2022 has certainly served up a lot more fear than greed thus far.

But today, the markets seem to be in a very good mood, which could explain the rush back into Kogan that we are seeing.

It’s not just Kogan either. Many of the ASX’s most prominent growth shares that have seen nasty share price falls this year are also booming today. Look at Zip Co Ltd (ASX: Z1P), up 10.3%. Or Block Inc (ASX: SQ2), up nearly 11%. Polynovo Ltd (ASX: PNV) has gained 8.8% so far today.

Thus, it appears this ‘risk-on’ sentiment may be the primary driving force behind the Kogan share price’s gains so far this Thursday.

No doubt shareholders will be hoping the party continues tomorrow.

At the current Kogan share price, this ASX e-commerce share has a market capitalisation of $525.01 million.

The post Lucky 13? Why the Kogan (ASX:KGN) share price is leaping 13% today appeared first on The Motley Fool Australia.

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• 2 ASX All Ords shares jumping more than 15% today
• These are the 10 most shorted ASX shares
• Why did the Cobalt Blue (ASX:COB) share price rocket 30% in a week?
• Why has this ASX share you’ve never heard of soared 30% already this month?
• What a Boss! Why the Boss Energy (ASX:BOE) share price is soaring 13% today

Motley Fool contributor Sebastian Bowen owns Kogan.com ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Block, Inc., Kogan.com ltd, POLYNOVO FPO, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Block, Inc. and Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Magellan Financial Group Ltd (ASX: MFG) share price… well, it hasn’t been pretty, to say the least.

Magellan is now up almost 15% since Tuesday morning’s trading. However, that doesn’t hide the fact this fund manager is still down 27% in 2022 thus far, and down a nasty 66% over the past year alone.

With the $15.44 share price at the time of writing, it’s hard to imagine it was only a bit over two years ago that this company was fetching more than $70 a share.

So what on earth has gone so wrong for Magellan?

Well, there has been a seeming cavalcade of bad news stemming from the company in recent times. We had the reportedly temporary departure of its former star stock picker, Hamish Douglass, in February for health reasons. This followed public revelations of Douglass’ divorce. But we also had some high-profile institutional funds pulling their capital out of Magellan’s management.

But perhaps the root cause here is the disappointing performance of Magellan’s underlying investments. Most of the company’s woes seem to start there.

Magellan isn’t shy when it comes to charging management fees. Its flagship Magellan Global Fund, which has an ASX-listed version in Magellan Global Fund (ASX: MGF), bills investors 1.35% per annum. Its Magellan High Conviction Fund (ASX: MHHT) charges 1.5% per annum. That’s many multiples higher than what a typical index fund charges. So it’s fair to say that with management fees like that, investors expect significant market outperformance.

But unfortunately, that is something the company has struggled with in recent years.

Magellan funds battle chronic underperformance

The Magellan Global Fund has returned 9.9% over the past 12 months, according to the company’s latest data. That doesn’t exactly look great against its MSCI World Net Total Return Index benchmark, which has given investors an 18.15% return over the same period. Over the past 5 years, the unlisted fund has returned an average of 11.65% per annum against the benchmark’s 13.36% per annum. These metrics are after fees have been taken into account, by the way. It’s only over the past 10 years that Magellan Global Fund beats its benchmark. But even then, it’s by 0.01% per annum (15.23% versus 15.22%).

Magellan likes to say that its Global Fund has “downside protection built in”. But over the past six months, the fund has lost 8.06% against the benchmark’s 3.96%.

Although the company’s High Conviction Fund doesn’t use a benchmark, it has given investors a return of 10.27% per annum over the past five years, again below the MSCI’s 13.36%.

So you get the picture. 

What’s gone wrong?

Most of these woes stem from what seem to be poorly-timed investments. The company bet big on Chinese companies like Alibaba and Tencent, just before a series of Chinese regulatory crackdowns and geopolitical tensions saw investors lose faith en-masse in Chinese companies. 

Netflix Inc (NASDAQ: NFLX) was a major holding when the company dropped more than 20% upon an earnings report earlier this year. Netflix is now down more than 40% year to date. It was a similar story with Facebook, now Meta Platforms (NASDAQ: FB).

Now Magellan’s co-founders have famously described themselves as disciples of Warren Buffett and his trademark buy-and-hold investing style.

Buffett has routinely been pilloried over his career for periods of underperformance, only to prove the doubters wrong again and again. Perhaps the same will happen with Magellan and its funds. But for investors who have been buying-and-holding Magellan funds or, indeed, Magellan shares, for years, patience would certainly be being tested.

At the current Magellan share price, this ASX 200 funds manager has a market capitalisation of $2.86 billion.

The post Down 80%, what’s gone so wrong for Magellan (ASX:MFG) shares? appeared first on The Motley Fool Australia.

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• Magellan (ASX:MFG) share price on watch after announcing share buyback
• Leading brokers name 3 ASX shares to sell today

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. Motley Fool contributor Sebastian Bowen owns Meta Platforms, Inc. and Magellan High Conviction Trust. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Meta Platforms, Inc. and Netflix. The Motley Fool Australia has recommended Meta Platforms, Inc. and Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX tech shares, as a whole, are having a stellar day.

The S&P/ASX All Technology Index (ASX: XTX) is up 3.9% in afternoon trading. That’s almost twice the 1.5% gains posted by the All Ordinaries Index (ASX: XAO) at this same time.

This follows on a strong run from US tech shares yesterday (overnight Aussie time), which saw the tech-heavy Nasdaq finish the day up 3.8%.

You might think that growth shares would be under pressure following the US Federal Reserve’s 0.25% interest rate hike. But Fed chair Jerome Powell’s bullish take on the US economy, the world’s biggest, looks to have investors’ monetary tightening concerns.

So, which ASX tech shares are charging ahead of the pack today?

Block is off to the races

The Block Inc CDI (ASX: SQ2) share price is off to the races today, up 11.1%.

Block shares closed yesterday at $142.92 and are currently trading for $158.87.

The dual-listed ASX tech share looks to be building off the rally of its US-listed share, which finished the day up 12.6% on the New York Stock Exchange.

Today’s rally will come as welcome news to shareholders of Block, which recently acquired Aussie buy now, pay later (BNPL) leader Afterpay. Despite today’s big lift, Block shares remain down 29% so far in 2022.

This ASX tech share is also racing ahead

Also leading the charge higher today is Brainchip Holdings Ltd (ASX: BRN).

The Brainchip share price is up 8.3% today. Shares closed yesterday at 93 cents and are currently trading for $1.01.

With no fresh news out from the artificial intelligence technology company, it looks like investors may be doing some bargain hunting. At the opening bell this morning, Brainchip shares were down 15% since Friday’s open.

With today’s intraday gains factored in, the ASX tech share remains down 29% over the past month, though shares are up 27% year-to-date.

The post Guess which ASX tech shares are leading the pack today? appeared first on The Motley Fool Australia.

More reading

• Here’s why the BrainChip (ASX:BRN) share price is up 9% today
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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Block, Inc. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woodside Petroleum Limited (ASX: WPL) share price is struggling today amid fluctuating commodity prices.

The ASX 200 energy share is currently trading at $30.31, a 2.1% fall on its previous closing price. In comparison, the S&P/ASX 200 Index (ASX: XJO)  is up 1.17%.

So what is going on with Woodside?

What’s happening with Woodside?

The Woodside share price could have been impacted by turbulent oil prices and falling natural gas prices. Woodside explores, develops and produces both oil and gas in Australia and internationally.

The natural gas price has fallen 0.17% to US$4.74 MMBtu (Metric Million British thermal unit), according to Bloomberg.

International benchmark Brent crude oil dropped 1.9% to $98.02 a barrel in the US on Wednesday, while WTI crude fell 1.08% to $95.04 a barrel. This is a huge drop from recent hikes that saw Brent oil hit US$140 a barrel in early March.

US President Joe Biden even highlighted falling oil prices in a tweet on Wednesday. He said: “Oil prices are decreasing, gas prices should too.”

However, oil futures rose in early trading Thursday, Reuters reported. A report from the International Energy Agency predicted three million barrels a day of Russian oil could be held in the country due to western sanctions.

Woodside is not the only ASX energy share struggling today. The Santos Ltd (ASX: STO) share price has also dropped 0.2%. Meanwhile, the S&P/ASX 200 Energy (ASX: XEJ) index is down 0.39%.

As my Foolish colleague Sebastian reported recently, Woodside CEO Meg O’Neill believes the war in the Ukraine puts the “spotlight” on natural gas.

Woodside share price snapshot

The Woodside share price has soared 21% over the past year. In 2022, it is up 38% to date.

In the past month, Woodside shares have gained 14%, while they have fallen 8% in a week.

Woodside has a market capitalisation of about $29 billion based on its current share price.

The post Why is the Woodside (ASX:WPL) share price missing out on all the fun today? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Thursday
• Why are ASX renewable shares struggling in 2022?
• Why is the crude oil price tumbling and which ASX 200 shares are being impacted?
• Why is the Woodside (ASX:WPL) share price plunging today?
• Woodside (ASX:WPL) share price slips but CEO says Ukraine puts ‘spotlight’ on natural gas

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 Bruce Jackson.

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The BrainChip Holdings Ltd (ASX: BRN) share price is heading in the right direction at last on Thursday.

In afternoon trade, the artificial intelligence technology company’s shares are up 9% to $1.01.

This will come as a big relief to shareholders as, prior to today, the BrainChip share price was down 35% in the space of a month.

Though, longer term shareholders won’t be too concerned by that. The company’s shares are still up 80% over the last 12 months.

Why is the BrainChip share price charging higher today?

The catalyst for the rise in the BrainChip share price today has been a rally in the tech sector.

This follows a very strong night on the tech-focused Nasdaq index, which rose 3.8% after investors responded positively to the US Federal Reserve’s decision to raise interest rates for the first time in three years.

The general consensus is that the market was pleased with Fed Chair Jerome Powell stating that the US economy is “very strong” and can handle monetary tightening. And given that the prospect of rate increases has long been priced into the market, this positive rhetoric had a big impact on sentiment.

Though, only time will tell where the BrainChip share price goes next. It has been hyping up its technology for some time now. As a result, investors will no doubt now be expecting to see it out there in the world and generating revenues that justify a ~$1.6 billion market capitalisation.

The post Here’s why the BrainChip (ASX:BRN) share price is up 9% today appeared first on The Motley Fool Australia.

More reading

• Why is the BrainChip (ASX:BRN) share price jumping 8% today?
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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 Bruce Jackson.

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The Imagion Biosystems Ltd (ASX: IBX) share price is rebounding strongly after weeks of severe falls. This comes after the biotechnology and nanotechnology company provided an update on its MagSense HER2 breast cancer study.

During mid-afternoon trade, the Imagion share price is 60.47% higher at 6.9 cents.

What did Imagion announce to make its share price soar?

According to its release, Imagion advises it has completed the evaluation of its first five patients enrolled in the MagSense HER2 breast cancer Phase I first-in-human study.

Imagion said the interim data shows no safety issues reported by patients administered with the MagSense HER2 imaging agent. Primary results indicate that the dosage of the injectable was well-tolerated.

Furthermore, Imagion noted that from observation, the imaging agent reached the lymph nodes.

Imagion Biosystems executive chair, Bob Proulx commented:

We are encouraged by these preliminary observations from our investigators. It is very exciting to begin accumulating patient data and see the positive direction of these preliminary results.

We feel the results from the first five patients provide sufficient justification for us to continue the study.

Imagion plans to move forward by ramping up development and clinical studies that would support regulatory submissions.

Imagion said if one of the imaging methods is proven effective the MagSense HER2 test will be commercialised.

The MagSense test will be used as a non-invasive alternative to biopsies for cancer nodal staging.

More on the MagSense HER2 breast cancer study

The program aims to investigate the use of a MagSense imaging agent to increase the accuracy in detecting a patient’s HER2 breast cancer. More specifically, it looks to see whether the patient’s tumour has spread to the lymph nodes.

Traditionally, the current standard of care involves a biopsy or surgical removal of the lymph nodes to confirm metastases. Approximately half of HER2 breast cancer patients have no nodal disease, allowing MagSense to provide non-invasive procedures in detecting the cancer.

Each patient in the study receives an injection of the MagSense nanoparticle imaging agent and undergoes an MRI. While this occurs, MagSense magnetic relaxometry technology assesses a sample of the lymph node.

Imagion is expecting to enrol a total of 15 participants in the phase 1 study. The aim of the program is to determine the safety and tolerability of the MagSense imaging agent. The company is also exploring the nanoparticles’ effectiveness for in vivo detection.

Imagion share price summary

Over the past 12 months, Imagion shares have lost 57%, with falls of 13.75% year to date.

The Imagion share price reached a 52-week low of 4.2 cents yesterday.

Imagion commands a market capitalisation of $48.21 million and has $1.12 billion shares outstanding.

The post The Imagion Biosystems (ASX:IBX) share price just exploded by 60%. Here’s why 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 Bruce Jackson.

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There are plenty of high-yielding ASX dividend shares on the S&P/ASX 200 Index (ASX: XJO). From the big banks like Commonwealth Bank of Australia (ASX: CBA) to companies like BHP Group Ltd (ASX: BHP) and Telstra Corporation Ltd (ASX: TLS), there is no shortage of shares that currently have a fat yield in front of their name right now. 

But the companies that could be described as ‘swimming in bash’ are far fewer. The shares named above have high yields because they pay out the vast majority of their earnings as dividends, leaving a small amount of cash to reinvest into their businesses. For example, CBA has a payout ratio target of between 70-80% of earnings.       

Not that this is a bad thing. Many of those companies are large, mature businesses that have reached the upper limits of their growth potential. Thus, it makes sense for them to give shareholders most of their profits. 

But what if a company has a decent dividend yield with a lower payout ratio? That means it still offers yield today, but with the potential of far higher yields down the track thanks to a higher level of reinvestment. Brickworks Limited (ASX: BKW) could be an ASX 200 share that does just that. 

Could ASX dividend share Brickworks be swimming in cash?

Brickworks is an ASX stalwart, having been around since 1934. It is primarily in the construction materials business, making bricks (gasp) and other building supplies. But it also has some other ventures, such as a real estate portfolio, and a large investment in Washington H. Soul Pattinson and Co Ltd (ASX: SOL).

On today’s pricing, Brickworks offers a healthy dividend yield of 2.76%, which grosses-up to 3.94% with the company’s typical full franking credits. 

Looking at Brickworks’ last earnings report (it’s full-year earnings delivered last September), and we can see that the company made an underlying earnings per share (EPS) of $1.89 over FY2021. And yet the company paid out a total of 61 cents per share in dividends. That represents a payout ratio of just under 32.3%. 

That means that Brickworks is effectively keeping almost 68% of its earnings inside the business, available for debt financing, reinvestment or whatever else the company sees fit to use the cash for.

So compared to a business like CBA, we could indeed say that Brickworks is ‘swimming in cash’. All while funding a decent dividend right now.

At the current Brickworks share price, this ASX 200 dividend share has a market capitalisation of $3.35 billion. 

The post This high-yield ASX 200 dividend share is swimming in cash appeared first on The Motley Fool Australia.

More reading

• 3 quality ASX dividend shares that have been sold off
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• 3 reasons why Soul Pattinson (ASX:SOL) is a strong ASX dividend share idea
• Here’s why the Brickworks (ASX:BKW) share price has loads of growth potential: expert

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks, Telstra Corporation Limited, and Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain for the second day in a row. At the time of writing, the benchmark index is up 1.45% to 7,279.8 points.

Four ASX shares that are rising more than most today are listed below. Here’s why they are zooming higher:

Ampol Ltd (ASX: ALD)

The Ampol share price is up 4% to $29.84. Investors have been buying the fuel retailer’s shares after its proposed acquisition of Z Energy Ltd (ASX: ZEL) was given a boost. This morning Ampol revealed that the New Zealand Commerce Commission has provided clearance for the acquisition. This is on the proviso that Ampol fully divests its Gull business in New Zealand within nine months of completing the transaction.

EML Payments Ltd (ASX: EML)

The EML share price is up 7% to $2.52. As well as getting a boost from a tech rebound today, investors have been buying this payments company’s shares following an announcement late yesterday afternoon. That announcement reveals that EML has entered the Employee Benefits Market (EBM) in Europe through a multi-year agreement with Up Spain. The EBM is worth over A$88 billion globally.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price is up 8% to $9.65. This follows a strong rise by a number of lithium miners today. In addition, as I noted here earlier, Vulcan’s shares are rated as a buy by the team at Alster Research. Its analysts have a massive $20.00 price target on them, which is more than double where its shares trade today.

Zip Co Ltd (ASX: Z1P)

The Zip share price is up over 10% to $1.58. Investors have been buying this buy now pay later (BNPL) provider’s shares following big rebound in the tech sector. This follows a strong night of trade on the tech focused Nasdaq index after investors responded positively to the US Federal Reserve’s rate hike.

The post Why Ampol, EML, Vulcan, and Zip shares are zooming higher appeared first on The Motley Fool Australia.

More reading

• Why the Zip share price is surging 12% higher today
• Why the Ampol (ASX:ALD) share price is outperforming the energy sector today
• ASX 200 (ASX:XJO) midday update: Block and Zip shoot higher, Ampol’s acquisition boost
• ASX 200 shares open with a bang following US interest rate rise
• Renewable energy shift ‘is about to accelerate’ making Vulcan (ASX:VUL) shares a buy: Broker

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. owns and has recommended EML Payments and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended EML Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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