The Domino’s Pizza Enterprises Ltd (ASX: DMP) share price started the week deep in the red.

The pizza chain operator’s shares dropped 4% to $78.95.

This means the Domino’s share price is now down almost 36% since the start of the year.

Why did the Domino’s share price tumble?

Investors were selling down the Domino’s share price on Monday after the pizza chain operator was the subject of a broker note out of Goldman Sachs.

According to the note, the broker has downgraded the company’s shares to a neutral rating and cut the price target on them by 34% from $136.20 to $89.90.

While this is still meaningfully higher than where the Domino’s share price trades today, it doesn’t appear to have been enough for some investors to stick with it.

What did Goldman say?

Goldman Sachs was disappointed with the company’s performance during the first half. And while it remains positive on its growth outlook in the ANZ and European markets, it fears that medium term risks in Asia are building.

It commented: “DMP reported 1H22 NPAT at -10.3% below GSe and -9.1% vs. Visible Alpha Consensus Data. About 75% of this earnings miss came from the Asia region, largely driven by underperformance of sales in Japan from early 2Q22. The operating deleverage from this factor was greater than GSe as underperformance from fortressed stores was strong.”

“We continue to see a strong earnings growth outlook in the ANZ and Europe regions at c. 6.8% and +17.7% CAGR respectively over FY21-24e. Additionally, we expect the group to continue to engage in M&A activity over the short term either in terms of expansion to new regions or bolt-on acquisitions within the existing regions in line with its stated strategy. However, the emerging risks in Japan remain stronger than these growth opportunities for DMP, in our view,” it added.

The post Why this top broker just downgraded Domino’s (ASX:DMP) shares appeared first on The Motley Fool Australia.

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• ‘Attractive entry point’: Broker upgrades Domino’s (ASX:DMP) shares
• 5 ASX 200 shares tumbling to 52-week lows today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises 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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If you’re looking for new ASX shares to buy, then you may want to check out the ones listed below.

These two shares have just been named as buys by the team at Morgans. Here’s what the broker is saying:

Adbri Ltd (ASX: ABC)

Morgans was pleased with this building materials company full year results. The broker highlights that Adbri’s result came in ahead of expectations and its outlook remains positive.

Its analysts said: “ABC’s FY21 result came in ahead of our forecasts and consensus expectations and was supported by ongoing net cost savings, strong volume growth across cement, concrete and aggregates, an increased contribution from its JVs and realisation of property profits. Outlook comments were positive and confirmed that earnings growth is targeted in FY22.”

And with its shares trading at just 17x estimated FY 2022 earnings, the broker feels its valuation is undemanding and sees scope for a rerating to higher multiples. Morgans has an add rating and $4.03 price target on its shares. This implies potential upside of 22% for investors over the next 12 months.

GQG Partners Inc (ASX: GQG)

Another ASX share that Morgans believes is attractively priced is fund manager, GQG Partners. Following the release of its full year results, which were in line with the broker’s expectations, Morgans has retained its add rating but trimmed its price target to $2.27.

Morgans explained why it thinks the fund manager is a buy. It said: “GQG has seen a valuation de-rate along with the broader sector, however we view it as unwarranted. Both relative investment performance and flows remain strong. We view GQG’s ~11x FY22 PE as attractive versus its diversity of earnings; current flows momentum; and expected growth. Add maintained.”

Based on the current GQG share price of $1.47, this price target implies potential upside of 54% for investors over the next 12 months.

The post Analysts names 2 ASX value shares to buy with 20%+ upside potential appeared first on The Motley Fool Australia.

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• GQG (ASX:GQG) share price up 5% amid strong FY21 profit growth

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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National Australia Bank Ltd (ASX: NAB) customers have raised concerns the bank is no longer taking cash at the branch for card payments. However, the banking giant has denied the claims.

The NAB share price finished the day at $28.94, a 0.1% gain. In contrast, the S&P/ASX 200 Index (ASX: XJO) climbed 0.73% today.

Let’s take a look at what is worrying NAB customers.

What is worrying NAB customers?

NAB is facing concern from customers who claim the bank is no longer taking cash for credit card payments within the branch, The Age reported. Two branches that have attracted customer complaints are the Ballarat branch in Victoria and the Bribie Island branch in Queensland.

The Financial Sector Union blasted the NAB over the reports, The New Daily stated. The union’s national secretary Julia Angrisano said:

This is an outrageous bid by NAB to block its customers from using branches for a common transaction many older people make.

There is no other reason for the NAB to specifically target credit card payments, except to force customers onto digital banking.

However, the NAB group executive personal banking group executive Rachel Slade denied the claims. She said:

NAB continues to take credit card payments over the counter in branches.  Any suggestions otherwise are wrong.

I want every one of our customers to have a simple and easy experience banking with NAB. That’s why our branch teams are showing customers additional ways to repay their credit cards. 

More than 94% of customer interactions are now taking place over the phone, by video or online. 

The NAB share price gained 4.51% on February 10 after the bank released its first-quarter update. The bank reported a 12% surge in cash earnings to $1.8 billion and an 8% boost in revenue compared to the FY21 second half quarterly average.

My Foolish colleague Tony recently reported analysts are bullish on NAB’s latest results. A CMC markets survey found 11 out of 17 professional investors rate NAB shares as a buy. Eight of these rate it as a strong buy, while three see it as a moderate buy.

NAB share price snap shot

The NAB share price has soared more than 17% in the past 12 months, while it is up 0.35% year to date.

For perspective, the benchmark ASX 200 has returned about 5.63% over the past year.

NAB has a market capitalisation of about $93 billion.

The post Own NAB (ASX:NAB) shares? Here’s why the bank has been ruffling some customer feathers appeared first on The Motley Fool Australia.

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• Why NAB (ASX:NAB) and this ASX dividend share could be buys

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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Today, the S&P/ASX 200 Index (ASX: XJO) rallied despite an intensification of sanctions on Russia. At the end of the session, the benchmark index finished 0.73% higher at 7,049.1 points.

Kicking off a new week, the Australian share market was mostly green, aside from a few unloved sectors. However, the heavyweights bringing home the green were the miners and energy shares. Impacts from sanctions started to factor into potential commodity shortfall, pushing mining companies into the positive.

The question is: which shares managed to stay in the green on the ASX today? Here are the top ten stocks that pulled through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, John Lyng Group Ltd (ASX: JLG) was the biggest gainer today. Shares in the building restoration and repairs company gained 7.96% following a destructive weekend of flooding across south-east Queensland. Find out more about John Lyng Group here.

The next biggest gaining ASX share today was Lynas Rare Earths Ltd (ASX: LYC). The rare earths producer notched up a 6.90% gain despite there not being any official announcements from the company. Though, positive sentiment was experienced broadly across the resource sector today. Uncover the latest Lynas Rare Earths details here.

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

ASX-listed company	Share price	Price change
John Lyng Group Ltd (ASX: JLG)	$7.60	7.96%
Lynas Rare Earths Ltd (ASX: LYC)	$10.23	6.90%
Bluescope Steel Ltd (ASX: BSL)	$20.24	6.25%
AVZ Minerals Ltd (ASX: AVZ)	$0.79	6.04%
Iluka Resources Ltd (ASX: ILU)	$10.69	5.32%
Zimplats Holdings Ltd (ASX: ZIM)	$25.30	4.50%
BHP Group Ltd (ASX: BHP)	$46.66	4.41%
Medibank Private Ltd (ASX: MPL)	$3.18	4.26%
South32 Ltd (ASX: S32)	$4.81	4.11%
Magellan Financial Group Ltd (ASX: MFG)	$18.40	3.49%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

The post Here are the top 10 ASX shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler owns Lynas Corporation 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 Bruce Jackson.

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It’s fair to say that the Pilbara Minerals Ltd (ASX: PLS) share price is one that punches above its weight. Although this lithium producer is a member of the S&P/ASX 200 Index (ASX: XJO), its market capitalisation of $8 billion or so pales in comparison to some of the other big miners on the ASX. Take Fortescue Metals Group Limited (ASX: FMG), which is worth more than $55 billion. Or BHP Group Ltd (ASX: BHP), with its $220 billion-plus size. 

Yet it is Pilbara shares that have given investors a 5-year return of more than 500%. And Pilbara shares that consistently dominate the ASX 200’s trading volume charts more days than not.

But although the Pilbara share price is still up more than 168% over the past 12 months, the past few weeks haven’t been too kind to the lithium giant. After today’s meaty fall of 1.1% or so, the Pilbara share price has now lost 16.9% over the past month alone. 

So what’s gone wrong in February for Pilbara? Well, let’s start with the company’s earnings. Pilbara reported its half-year earnings back on 23 February. 

As my Fool colleague James covered at the time, the company saw some impressive growth metrics. Shipments increased by 49%, while half-year sales revenue grew by an even heftier 394% to $291.7 million. That helped Pilbara bring in $151.1 million in earnings before interest, tax, depreciation and amortisation (EBITDA). That was up from $3.2 million a year earlier. 

Is the Pilbara Minerals share price a buy?

And yet investors didn’t seem impressed. The Pilbara share price fell 7% at one point that day, and has fallen more than 8% since. Sometimes, even a fast-growing company can have too much good news baked in, one could argue. Even at today’s prices Pilbara still boasts a price-to-earnings (P/E) ratio of 93.15. That’s quite high compared to the broader market right now. 

So now that the Pilbara share price has had a haircut, could it be good value at these prices? Well, as we covered last week, Eley Griffiths Group analyst and portfolio manager Tim Serjeant now reckons Pilbara could be the best value lithium stock on the ASX. He described the company as having “the best exposure to current pricing dynamics”.

Earlier this month, my Fool colleague Tony covered how Burman Invest chief investment officer Julia Lee was also buying Pilbara, based on the company’s position as a ‘hard-rock’ lithium producer. 

So some professional investors are certainly finding this dip in the Pilbara share price appealing. 

At today’s closing Pilbara Minerals share price of $2.71, the company is almost in the middle of its 52-week range of 88 cents and $3.89 a share. 

The post The Pilbara Minerals (ASX:PLS) share price has lost 17% in a month. What’s going on? appeared first on The Motley Fool Australia.

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• How have ASX lithium stocks been faring this reporting season?

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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The Webjet Limited (ASX: WEB) share price fell by more than 3% today. What happened?

Webjet is one of the largest travel businesses on the ASX, with a global presence thanks to its WebBeds business.

There has been a lot for investors to think about in recent weeks.

Not only has the chatter about inflation and interest rates soared as high as the International Space Station, but Ukraine being invaded by Russia has also increased uncertainties.

What’s happening with the Webjet share price?

The global travel market is underpinned by safety and access to most countries and open air travel.

Conflict between two countries may not be calming for global travellers or the global market.

Most European nations, including the UK, Finland, Poland and so on have shut their airspace to Russian planes, including the private jets of oligarchs. They are not allowed to fly over any EU nation, or land there.

In retaliation, Russia has banned flights from some European nations.

This will add extra flying time to different airlines from different destinations as they avoid the airspace from Ukraine and Russia. Qantas Airways Limited (ASX: QAN) will use a flight path that takes longer between Darwin and London where it’s not passing over Russia.

Russian economic plunge

Various economic areas of Russia have plunged. Over the last five days the Russian share market has plunged 35%.

According to reporting by CNBC, the Russian currency fell almost 30% against the US dollar on Monday morning.

Whilst Russia is not exactly a major market for Webjet, this can add to the uncertainty for the market.

ASX share market response

Whilst the Webjet share price fell by more than 3% today, the S&P/ASX 200 Index (ASX: XJO) rose by 0.7%. So there was a difference in performance of around 4% today.

However, Webjet wasn’t the only one to suffer a decline today in the ASX travel sector. The Corporate Travel Management Ltd (ASX: CTD) share price dropped 2% and the Flight Centre Travel Group Ltd (ASX: FLT) share price went down 3.4%.

The last couple of years has been a volatile time for Webjet. COVID-19 sent ASX travel shares dramatically down. In November 2021, the Omicron variant caused another sell-off. The Webjet share price has fallen more than 10% over the last couple of weeks.

Is the Webjet share price an opportunity?

UBS certainly thinks so. It rates it as a buy, with a price target of $6.85. That implies a possible upside of almost 30% over the next several months.

The post Why is the Webjet (ASX:WEB) share price having such a lousy start to the week? appeared first on The Motley Fool Australia.

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• Which ASX 200 shares have delivered the biggest dividend payout increases this earnings season?
• ASX 200 (ASX:XJO) midday update: Zip to buy Sezzle for $491m, GrainCorp storms higher

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Graincorp Ltd (ASX: GNC) share price took flight on Monday. Investors bidded up the grain exporter’s shares today despite there being no announcements from the company.

At the close, the Graincorp share price finished at $8.40, up 5% from its previous close. However, shares in the company had been as high as $8.62 throughout the day.

Let’s take a look at what could be behind the momentum.

Wheat shortage presents opportunity for Graincorp share price

As the devastating Russian invasion of Ukraine continues, analysts are looking at how the conflict could impact markets. According to several experts, one expected side effect of this catastrophe is a considerable jump in wheat prices.

Already, global prices of the staple food have surged 20% since the beginning of the year. However, experts such as James Maxwell, senior insights manager at Rural Bank, are anticipating sky-high wheat prices if the turmoil continues in Ukraine.

Between Russia and Ukraine, 30% of global wheat exports could be disrupted. Due to the dangerous environment and sanctions imposed, Middle Eastern and North African markets could turn to Australia.

According to sources Russia and Ukraine together produce nearly a quarter of the world’s wheat, and supply disruptions in near future could fuel higher food prices and social unrest. 1/6 pic.twitter.com/wRzrzjDMI5

— Aamer Hayat Bhandara (@AamerBhandara) February 25, 2022

https://platform.twitter.com/widgets.js

Maxwell stated:

We’d expect 50% increases or even more [if the conflict continued to July], which is saying something because we’re already pretty close to record prices.

Earlier this month, the Graincorp share price rallied after the company upgraded its full-year guidance for FY22. At that point in time, the company was already pointing at the high global demand for Australian grain.

Prior to Russia’s invasion of Ukraine, the last time access to wheat exports via the Black Sea was lost was during World War I. To drive home the significance of these circumstances, Rabobank agriculture analyst Dennis Voznesenski said:

Chicago wholesale wheat prices rose 45% from October 1914 to February 1915.

The Graincorp share price is now trading on a price-to-earnings (P/E) ratio of ~13 times.

The post Here’s why the Graincorp (ASX:GNC) share price jumped 5% today appeared first on The Motley Fool Australia.

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• Why Core Lithium, Dicker Data, GrainCorp, and InvoCare shares are rising
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• ‘Bumper crop’: Graincorp (ASX:GNC) share price rockets 13% on guidance update

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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The Vulcan Energy Resources Ltd (ASX: VUL) share price has been on a continuing decline over the last few weeks.

This follows the company’s dual listing on the Frankfurt Stock Exchange (FSE), which occurred on 15 February, European time.

At market close, the clean lithium developer’s shares finished the day trading at $8.59, down 0.46% for the day.

Why did Vulcan Energy proceed to be dual listed on the FSE?

In case you weren’t aware, Vulcan is developing its Zero Carbon Lithium Project in Germany, which is recognised as the fastest growing lithium battery market worldwide.

The company aims to play a crucial role in decarbonising the region’s power and heating requirements through the delivery of baseload geothermal energy.

With its projects and 90% of the team based in Germany, the dual listing was considered an important step. This not only increases the international profile of Vulcan Energy to European investors but also provides an investment opportunity.

The company aims to become the world’s first lithium and energy renewables producer with net zero greenhouse gas emissions. The Zero Carbon Lithium Project’s plan is to produce a lithium-hydroxide chemical product for the European electric vehicle battery market.

How did Vulcan Energy shares travel since the dual listing?

The company has been relatively quiet on the news front since announcing its shares were to be dual listed.

During the time when the FSE Listing was becoming effective, Vulcan Energy shares were trading at $9.30 a pop. However, the shares had some shocker days, falling 6.24% on 22 February and 9.51% on February 24.

Although it’s worth noting that Vulcan Energy shares did climb 9.31% between the two days of heavy losses (23 February).

Overall, the fall represents a loss of around 8% in value for the company’s shares.

A major catalyst for the wild volatility appears to be attributed to the geopolitical tensions between Ukraine and Russia. The All Ordinaries (ASX: XAO) slumped close to 4% since February 16 when Vulcan Energy shares were dual listed.

Vulcan Energy share price snapshot

Over the last 12 months, Vulcan Energy shares have powered ahead, posting a gain of 33%. When looking at year to date, its shares have fallen by 17% despite investor sentiment heating up in the industry.

Based on today’s price, Vulcan commands a market capitalisation of $1.13 billion with approximately 131.65 million shares on issue.

The post How have Vulcan Energy (ASX:VUL) shares been faring since their dual listing? appeared first on The Motley Fool Australia.

More reading

• Why is the Vulcan (ASX:VUL) share price charging higher today?
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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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Bitcoin (CRYPTO: BTC) is down 2.0% over the past 24 hours, currently trading for US$37,813 (AU$52,682).

Gold has gone the other way.

Bullion prices have climbed another 1.2% since this time yesterday, to US$1,911 per troy ounce.

That’s up from US$1,801 per ounce on 1 February, for a monthly gain of 6%.

Bitcoin, on the other hand, has slid from US$38,144 on 1 February, down 1% for the month.

Why is Bitcoin down while gold is up?

Russia’s invasion of Ukraine has roiled global markets and sent jittery investors seeking haven assets.

When it comes to haven assets, gold has long held the throne for many investors. In more recent years, crypto enthusiasts have touted Bitcoin as a potential digital equivalent to gold.

But Bitcoin is proving it can’t, as yet, live up to that title.

On the subject of gold’s surge, senior resource analyst at MineLife Gavin Wendt said (as quoted by Bloomberg):

Gold has only one trajectory at present, and that’s upward. Already well-supported on the back of inflation and interest-rate uncertainty, the political contagion with Russia has supercharged gold and it looks set to maintain its positive momentum.

Rush Gold CEO Jodi Stanton added (courtesy of Australian Fintech), “This crisis is unfolding with analysts unable to predict what tomorrow will hold, let alone next month. What we do know is that the gold price has rallied again in the wake of a geo-political crisis.”

As for Bitcoin supplanting gold in its haven role, Stanton doesn’t see that happening:

The other thing that is becoming clearer is whether Bitcoin is a hedge in the way that gold is. We’ve always been of the view that gold and Bitcoin serve entirely different functions, and this is being borne out in markets, with Bitcoin correlating to riskier assets like shares and gold showing clear hedging and capital preservation traits in times of turmoil.

With gold prices rising so are ASX 200 gold shares

With gold prices rising again, so too are S&P/ASX 200 Index (ASX: XJO) gold shares.

While the ASX 200 is up 0.7% in late afternoon trading, the Newcrest Mining Ltd (ASX: NCM) share price is up 3.5%; the Evolution Mining Ltd (ASX: EVN) share price is up 2.4%. And the Northern Star Resources Ltd (ASX: NST) share price has gained 2.9% today.

The post Is Bitcoin or gold a better buy for these uncertain times? appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bitcoin. 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 NextDC Ltd (ASX: NXT) share price had a subdued start to the week.

The data centre operator’s shares ended the day down 0.5% to $10.63.

This means the NextDC share price is down 17% since the start of the year.

Is the NextDC share price in the buy zone?

The weakness in NextDC’s shares in 2022 could be a buying opportunity according to the team at Morgans.

According to a note, in response to the company’s half year results, the broker has retained its add rating and $14.64 price target on its shares.

Based on the current NextDC share price, this implies potential upside of 38% over the next 12 months.

What did the broker say?

Morgans was pleased with NextDC’s performance during the first half, highlighting that its result was ahead of estimates. And while management has increased its capital expenditure (capex) guidance, the broker isn’t concerned.

Its analysts commented: “NXT’s 1H22 result was ahead of our forecasts and came with a small upgrade to FY22 guidance. Noteworthy was the ~8% upgrade to capex guidance which bodes well for future growth. NXT typically builds only what they have line of sight to leasing; including recently announced gen 4/5 regional/edge sites in smaller cities.”

All in all, Morgans remains positive on the NextDC share price and notes that the company has exposure to structural tailwinds in an industry with high barriers to entry.

It explained: “We retain our Add recommendation and highlight that NXT remains our preferred pick given substantial structural growth, quality management, significant barrier to entry and, in our view, improving competitive advantage with regional/edge sites. We see a clear pathway for long-term growth, substantially higher EBITDA and material free cash flow, over the medium term.”

The post Broker says NextDC (ASX:NXT) share price has 38% upside appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns NEXTDC 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 Bruce Jackson.

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