• Woodside (ASX:WPL) share price surges another 9% today as oil resumes rally

    Oil written on a chart with two people shaking hands.

    Oil written on a chart with two people shaking hands.Oil written on a chart with two people shaking hands.

    The Woodside Petroleum Ltd (ASX: WPL) share price is surging today.

    Again.

    Spurred by spiking oil and gas prices, shares in the S&P/ASX 200 Index (ASX: XJO) energy giant are up around 9% in afternoon trading.

    The Woodside share price closed on Friday at $31.42. It currently stands at $34.16.

    And it’s not just Woodside shares rallying amid the global surge in energy prices. While the ASX 200 is down 1.26% at time of writing, the S&P/ASX 200 Energy Index (ASX: XEJ) is up around 5%.

    What’s happening with energy prices?

    Gas prices are rocketing; coal is trading at all-time highs; and Brent crude oil is worth US$118 per barrel. That’s up 42% from the $69 per barrel Brent was trading for as recently as 1 December, according to data from Bloomberg. This puts crude prices at 13-year highs and is helping drive the Woodside share price sharply higher today.

    Energy prices had already been increasing on resurgent demand following easing of COVID-19 restrictions and limited supply growth.

    Then Russia, the world’s number two oil exporter with a similarly large footprint in coal and gas, surrounded and invaded Ukraine.

    Western nations are now actively debating adding oil to the sanctions already imposed on Russia. That news saw Brent crude prices spike 8% over the past 24 hours alone.

    While higher energy costs will come as bad news to energy intensive companies, like ASX travel shares or manufacturers, they’ve certainly added some strong tailwinds for the likes of the Woodside share price.

    Woodside share price in review

    You’re unlikely to hear any Woodside shareholders complaining about the company’s performance in the New Year.

    The Woodside share price has surged 56% since the opening bell on 4 January. For some context, the ASX 200 is down 6% in that same time.

    At the current price, Woodside pays a 5.96% dividend yield, fully franked.

    The post Woodside (ASX:WPL) share price surges another 9% today as oil resumes rally appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside right now?

    Before you consider Woodside, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    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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  • Is this boosting the Firefinch (ASX:FFX) share price higher today?

    Two miners standing together with a smile on their faces.

    Two miners standing together with a smile on their faces.Two miners standing together with a smile on their faces.

    The Firefinch Ltd (ASX: FFX) share price has started the week in a positive fashion.

    At one stage today, the Mali-based gold and lithium explorer’s shares were up 5% to 73 cents.

    The Firefinch share price has since pulled back but remain up 1% at the time of writing.

    Why is the Firefinch share price rising today?

    Investors were bidding the Firefinch share price higher today after the company received some positive news.

    According to an announcement out of S&P Dow Jones Indices, it has added Firefinch to the All Ordinaries index at the next quarterly rebalance on 22 March.

    This can be a boost to a company’s shares as some fund manager have strict investment mandates that will only allow them to buy shares from certain indices such as the All Ordinaries.

    S&P Dow Jones Indices appears to believe Firefinch shares have earned the right to join the index after the company’s market capitalisation surpassed $800 million. This follows a whopping 250% rise by the Firefinch share price over the last 12 months.

    Investors have been bidding its shares higher over this time thanks to promising drilling results from its 80% owned Morila Gold Mine and 100% owned Goulamina Lithium Project.

    The latter is one of the world’s largest undeveloped high quality spodumene deposits. Though, this operation may not be part of Firefinch for too much longer. Management is currently in the process of demerging Goulamina into a new ASX listed entity, Leo Lithium.

    The post Is this boosting the Firefinch (ASX:FFX) share price higher today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Firefinch right now?

    Before you consider Firefinch, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Firefinch wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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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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  • These 3 ASX 200 shares are topping the volume charts this Monday

    An office worker and his desk covered in yellow post-it notes

    An office worker and his desk covered in yellow post-it notesAn office worker and his desk covered in yellow post-it notes

    The S&P/ASX 200 Index (ASX: XJO) seems to have gotten up on the wrong side of the bed this morning in a disappointing start to the trading week. At the time of writing, the ASX 200 is down by a rather nasty 1.33% at just over 7,000 points. 

    But rather than dwelling on that, let’s have a look at the ASX 200 shares currently at the top of the market’s share volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume so far on Monday

    Whitehaven Coal Ltd (ASX: WHC)

    ASX 200 energy share Whitehaven is our first company to feature on our list today. This coal miner has seen a hefty 31.41 million shares traded on the share market as it currently stands. This appears to have been triggered by yet another boom in the Whitehaven share price itself. 

    The company is up another 4.8% or so today and hit a new 52-week high of $4.21 earlier today. That puts Whitehaven’s one-month gains at an astounding 46.7%. These factors are almost certainly behind Whitehaven’s elevated trading volume this Monday.

    Incitec Pivot Ltd (ASX: IPL)

    Incitec Pivot is our next ASX 200 share to check out today. This fertiliser and explosives manufacturer has had a sizable 34.06 million shares change hands at the time of writing. There’s been no major news or announcements out of the company today, or indeed this month so far.

    However, the Incitec share price is currently up an impressive 5.03% to $3.44 a share. Earlier today, it rose as high as $3.52. It’s this big leap upward that is probably to thank for the high volumes we are seeing. 

    Paladin Energy Ltd (ASX: PDN)

    Uranium miner Paladin is our final share of the day today. So far, a whopping 47 million of this ASX 200 share’s have been bought and sold on the ASX’s boards this Monday. Again, there isn’t much news out of the company to report so far. 

    However, the Paladin share price has shown quite a lot of volatility over today’s trading day. The company is presently down by 0.7% at 73 cents per share. But earlier this morning, the company was going for as much as 80 cents per share. That’s a move of more than 7% that’s occurred in between. It’s this volatility that has probably put Paladin on the top of this ASX 200 list as it stands right now. 

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

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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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 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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  • Get ready! The ASX shares set for a decade-long tailwind: expert

    a man in a hard hat and overalls raises his arms and holds them out wide as he smiles widely in an optimistic and welcoming gesture.a man in a hard hat and overalls raises his arms and holds them out wide as he smiles widely in an optimistic and welcoming gesture.a man in a hard hat and overalls raises his arms and holds them out wide as he smiles widely in an optimistic and welcoming gesture.

    It’s been a good few years for ASX mining shares with many companies delivering solid performances.

    Yet, one investment expert believes there’s plenty still on the table, with a decade of positive catalysts ahead for the resource sector. This is despite materials pulling through as the third-best performing sector in the last 12 months, rallying more than 13%.

    So, what exactly has this experienced fund manager of more than 27 years excited about ASX mining shares?

    Where is all the supply?

    Regal Investment Management chief investment officer Phil King is bullish on ASX mining shares. The investing veteran has supported this belief by holding an overweight position in the resources sector through his Australian equity fund.

    In an interview with The Australian Financial Review, King detailed his fund’s perspective, stating:

    We remain very positive on the outlook for the Australian market and we think it will be one of the best performing markets over the next decade. We have a large and increasing exposure to miners and already, we’re seeing that outperformance.

    There are a few key reasons why the fund manager considers the sector a red hot opportunity looking forward. Firstly, the proliferation of electrification as the world pushes towards a greener alternative is creating new demand for resources.

    Secondly, the supply to meet demand is non-existent. In short, ASX mining shares are not investing the same level of capital in creating new supply as they had once before. King notes this might partly be due to the increasing difficulty in getting mine approvals.

    Furthermore, King highlights lithium as a big potential opportunity. Much like iron ore 20 years ago, the fund manager thinks prices will benefit from the drawn-out process to bring new supply online. This comes amid increasing demand for lithium in manufacturing electric vehicle batteries.

    Picking favourites among ASX mining shares

    While King has shared his optimism for the resources sector, there are a handful of specific ASX mining shares the fund manager named as preferred picks.

    These companies included Allkem Ltd (ASX: AKE), Galan Lithium Ltd (ASX: GLN), and Firefinch Ltd (ASX: FFX).

    You might have noticed these are all lithium producers or explorers. Though, King is also bullish on mineral sands, rare earths, energy, and aluminium companies — without naming specific shares.

    The post Get ready! The ASX shares set for a decade-long tailwind: expert appeared first on The Motley Fool Australia.

    Should you invest $1,000 in lithium shares right now?

    Before you consider lithium shares, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and lithium shares wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    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 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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  • 3 fantastic ASX growth shares analysts rate as buys

    If you’re looking for growth shares, then look no further. Listed below are three ASX growth shares which have been tipped for strong growth in the future.

    Here’s why analysts have rated them as buys:

    Breville Group Ltd (ASX: BRG)

    The first growth share that could be in the buy zone is Breville. It is a leading appliance manufacturer responsible for a number of popular brands. These include the Kambrook, Sage and Breville brands. The team at Morgans is very positive on the company. This is due partly to its global expansion, burgeoning product pipeline, and favourable consumer trends. Morgans recently put an add rating and $32.00 price target on its shares.

    Hipages Group Holdings Ltd (ASX: HPG)

    Another ASX growth share to look at is Hipages. This leading Australian-based online platform and software as a service (SaaS) provider connects consumers with trusted tradies. While the first half of FY 2022 was disappointing due to the impact of lockdowns on its tradie subscriptions, a big improvement is expected in the second half. Goldman Sachs remains positive and notes that Hipages has a compelling long term growth opportunity as it scales to become the leading trade services marketplace in Australia. The broker currently has a buy rating and $3.60 price target on its shares.

    NEXTDC Ltd (ASX: NXT)

    A final growth share that could be a buy is NEXTDC. It is a leading data centre operator which appears well-placed to benefit from the structural shift to the cloud thanks to its world class network of centres and expansion into edge centres. Citi is a fan and currently has a buy rating and $14.55 price target on NEXTDC’s shares. It believes the conversion of Hyperscale customer commitments in Sydney and Melbourne will be the next key growth catalyst.

    The post 3 fantastic ASX growth shares analysts rate as buys appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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    Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia owns and has recommended Hipages Group Holdings 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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  • Glitch! Why are ASX tech shares getting hammered on Monday?

    A man smashes open a piggy bank with a hammer.

    A man smashes open a piggy bank with a hammer.A man smashes open a piggy bank with a hammer.

    The S&P/ASX 200 Index (ASX: XJO) is taking a bit of a hammering so far this Monday. At the time of writing, the ASX 200 is down by a disappointing 0.97% at just over 7,000 points. But ASX tech shares are once again faring far worse.

    The ASX tech sector is currently the worst-performing ASX 200 sector by far. And we have certainly seen some dramatic moves amongst its most famous constituents. Take Block Inc (ASX: SQ2), the new owner of Afterpay. Block shares are currently down a notable 11.05%.

    We’ve seen a 3.2% slide in Zip Co Ltd (ASX: Z1P) shares, which also saw a new 52-week low of $1.62 a share this morning. Life360 Inc (ASX: 360) has lost more than 8% so far today, while EML Payments Ltd (ASX: EML) and Megaport Ltd (ASX: MP1) are down by 4.6% and 5.5% respectively.

    Altium Limited (ASX: ALU) and WiseTech Global Ltd (ASX: WTC) have both lost more than 2.5%. And Appen Ltd (ASX: APX) has lost more than 4.5%.

    You get the idea.

    Why are ASX tech shares getting hammered today?

    So why are ASX tech shares bearing the brunt of today’s sell off? Well, there’s no easy answer, unfortunately. However, it is typical for ASX tech shares to react in a more volatile fashion than the broader market during both strong and weak markets.

    We often see tech shares like those listed above, enjoy outsized gains when the market is green. But conversely, we often see carnage in this space on days like today where there are broad selling pressures across the share market. As such, today’s moves might be painful, but they are not exactly abnormal. 

    Another factor to consider is the US markets. According to the Australian Financial Review (AFR), futures markets for the Nasdaq 100 Index are currently pointing to a 2% slide when the markets open early tomorrow morning (our time). The Nasdaq is known as the US’s tech-heavy index, so ASX tech investors often take cues from what this market is doing.

    Whatever the underlying cause for today’s sell off, there’s no doubt it has been a painful day for ASX tech shares, and their investors.

    The post Glitch! Why are ASX tech shares getting hammered on Monday? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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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. owns and has recommended Altium, Appen Ltd, Block, Inc., EML Payments, Life360, Inc., MEGAPORT FPO, WiseTech Global, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Appen Ltd, Block, Inc., EML Payments, and WiseTech Global. The Motley Fool Australia has recommended MEGAPORT FPO. 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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  • Why we just sold Zip and bought Pro Medicus (ASX:PME) shares: fundie

    a woman sits at her computer in deep contemplation with her hand to her chin and seriously considering information she is receiving from the screen of her laptop.a woman sits at her computer in deep contemplation with her hand to her chin and seriously considering information she is receiving from the screen of her laptop.a woman sits at her computer in deep contemplation with her hand to her chin and seriously considering information she is receiving from the screen of her laptop.

    A high-level funds manager has divulged her fund’s strategy of offloading Zip Co Ltd (ASX: Z1P) shares and buying Pro Medicus Ltd (ASX: PME) instead.

    The Pro Medicus share price is down 4.48% at the time of writing at $44.10, after falling as low as $43.59 earlier today. Meanwhile, Zip shares are around 2.62% lower.

    By comparison, the S&P/ASX 200 Index (ASX: XJO) is down around 1% so far today.

    Let’s take a look at what the Australian head of one global investment firm had to say.

    Why Pro Medicus instead of Zip?

    Amid interest rate speculation, the Russian invasion of Ukraine, and the east coast floods, one investment head has outlined reasons for a shift towards a growth share like Pro Medicus over buy now, pay later (BNPL) share Zip.

    Speaking to LiveWire, Abrdn Australian equities head Michelle Lopez explained her fund’s major portfolio shift with its move to a growth share like Pro Medicus.

    So we pivoted out of a company, for example, Zip, that had a very long runway to turn profitable. And we recycled that capital into a higher quality growth name, such as a Pro Medicus, that again, got hit very hard. 

    But, A, it’s profitable, B, it’s got incredibly strong margins. It’s an industry leader. It’s got cash on the balance sheet. And again, we felt the valuation had come off a long way. So it was just being a lot more discriminate in quality growth versus lower quality growth.

    In its half-yearly results, Pro Medicus reported net profit surged by 52.7% and revenue increased by 40%. The company’s shares gained 3.6% on 16 February, the day these figures were released.

    Lopez also shared her insight into the latest reporting season, describing it as “turbulent”. She added:

    We’ve had rising inflation, we’ve got interest rates and expectations of hikes coming through, and we’ve got geopolitical tensions escalating. I felt it was a case of “shoot first and ask questions later” this reporting season.

    Particularly for companies that had either very high valuations or operating leverage that was expected to come through that didn’t, they’re the ones that really got hit quite hard.

    The Pro Medicus share price has sunk 26% in the past six months while the Zip share price has tanked 76% over the same time frame.

    Share price recap

    The Pro Medicus share price has held steady during the past 12 months, gaining a modest 0.75%, while Zip shares have shed around 83%.

    For comparison, the benchmark ASX 200 index has returned about 5% over the past year.

    Year to date, Pro Medicus shares have dived nearly 30%, while Zip shares have slumped around 62%.

    The post Why we just sold Zip and bought Pro Medicus (ASX:PME) shares: fundie appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Pro Medicus right now?

    Before you consider Pro Medicus, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Pro Medicus wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pro Medicus Ltd. and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Pro Medicus 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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  • 2 blue chip ASX 200 shares analysts rate as buys this month

    A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movementsA happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements

    A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movementsIf you’re looking to bolster your portfolio with some blue chip shares in March, you may want to look at the two listed below.

    Here’s why these blue chip ASX shares are highly rated right now:

    CSL Limited (ASX: CSL)

    The first blue chip share to look at is CSL. This biotherapeutics giant could be a top option for investors looking for exposure to the healthcare sector.

    This is thanks to the long term growth potential of its CSL Behring and Seqirus businesses, as well as the soon to be acquired Vifor Pharma business.

    The team at Morgans believe now could be the time to buy. Particularly given the improving outlook for plasma collections. It said: “While near term challenges remain, the ongoing recovery in plasma collections, coupled with management’s confidence, paints a favourable earnings picture.”

    Morgans currently has an add rating and $327.60 price target on its shares. This compares favourably to the latest CSL share price of $250.22.

    Goodman Group (ASX: GMG)

    Another blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

    Over the last decade, Goodman has built a portfolio of in-demand properties that have exposure to key growth markets such as ecommerce and logistics. And with a material development pipeline and strong demand, Goodman has been tipped to continue its solid growth in the coming years by the team at Citi.

    In fact, the broker believes that management’s upgraded earnings per share guidance of 20% in FY 2022 is conservative and sees scope for Goodman to outperform it.

    Citi has a buy rating and $29.50 price target on the company’s shares. This compares to the latest Goodman share price of $21.38.

    The post 2 blue chip ASX 200 shares analysts rate as buys this month appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

    *Returns as of January 12th 2022

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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. owns 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 Bruce Jackson.

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  • ANZ (ASX:ANZ) share price trails benchmarks, melts to another 52-week low

    A man's eyes pop behind the ice cream melting in his hands, making a mess.A man's eyes pop behind the ice cream melting in his hands, making a mess.A man's eyes pop behind the ice cream melting in his hands, making a mess.

    Shares in Australia and New Zealand Banking Group Ltd (ASX: ANZ) are faltering once again today. At the time of writing, the ANZ share price is racing lower at $24.68.

    Today’s loss marks another 52-week low for the banking giant after its share price collapsed from a recent high of $28.17 on 22 February.

    Since then ANZ shares have raced towards the floor, and a bottom is not yet clearly defined.

    Why are this big bank’s shares falling again today?

    ASX bank shares have been hit hard since the conflict in Europe escalated in late February and the US Federal Government imposed sanctions on the Russian financial system.

    The S&P/ASX 200 Financials Index (ASX: XFJ) has collapsed almost 4% in the past month and is down more than 7% for the year – a mile behind the benchmark S&P/ASX 200 Index (ASX: XJO).

    ANZ has faltered more than 12% during that time and is now among the worst performers from the other banking majors in 2022.

    Market pundits have become jittery in the global banking sector amid the sanctions that have restricted Russian financial institutions from participating in the global financial system.

    The impulse of these sanctions has been felt throughout the global banking sector, with each of the United States, Europe and Asia-Pacific taking a hit in response.

    The number of banking stocks trading above their 200-day and 50-day moving averages around the world is creeping down slowly, and the overall sector is proving to be a thorn in the side of investors over the past month of trading.

    TradingView Chart

    Whilst global banking indices take a pummelling in 2022, the Bloomberg Commodity Index (BCOM), shown via the red line above, has taken off – a reflection of the supercycle most raw materials find themselves in right now.

    Hence with the negative momentum sweeping through the ASX financials sector, it’s no wonder we’re seeing the ANZ share price suffering today as well.

    Not all are so downbeat on ANZ though – analysts at JP Morgan and Goldman Sachs are bullish on the bank. Each broker values ANZ at $30.50 and $31 per share, respectively.

    ANZ share price snapshot

    During the last 12 months the ANZ share price has collapsed over 14%. It is down another 10% this year to date.

    In the past month, shares have collapsed another 9%, meaning ANZ is now among the worst-performing large-cap stocks on the ASX in 2022.

    The post ANZ (ASX:ANZ) share price trails benchmarks, melts to another 52-week low appeared first on The Motley Fool Australia.

    Should you invest $1,000 in ANZ right now?

    Before you consider ANZ, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and ANZ wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    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 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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  • Why Block, GQG, Qantas, and Unibail-Rodamco-Westfield are sinking today

    The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a heavy decline. In afternoon trade, the benchmark index is down over 1% to 7,036.3 points.

    Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

    Block Inc (ASX: SQ2)

    The Block share price has tumbled 10% to $137.50. Investors have been selling this payments company’s shares following a poor night of trade for its US listed shares on Friday night. In addition, futures contracts are currently pointing to a very red start to the week for tech shares on Wall Street. This is weighing on the Australian tech sector, which has dragged the S&P ASX All Technology index down 4% this afternoon.

    GQG Partners Inc (ASX: GQG)

    The GQG share price is down 7% to $1.23. This follows the release of the fund manager’s latest funds under management (FUM) update. That update revealed that fund inflows have continued but its overall FUM has fallen by 1.6% month on month to $89.8 billion.

    Qantas Airways Limited (ASX: QAN)

    The Qantas share price is down 9% to $4.49. Investors have been selling this airline operator’s shares amid concerns about rising oil prices. With prices briefly topping US$130 a barrel earlier today, Qantas’ fuel costs are likely to increase materially and put pressure on its margins. This could push back its break-even point once again.

    Unibail-Rodamco-Westfield (ASX: URW)

    The Unibail-Rodamco-Westfield share price is down 7% to $4.31. This shopping centre operator’s shares have come under pressure today following news that they will be dumped from the ASX 200 index later this month. At the quarterly rebalance on 22 March, Unibail-Rodamco-Westfield will be one of four shares removed from the index.

    The post Why Block, GQG, Qantas, and Unibail-Rodamco-Westfield are sinking today 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. 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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