On Wednesday, the S&P/ASX 200 Index (ASX: XJO) was on form again and charged notably higher thanks largely to gains in the banking sector. The benchmark index rose 1.15% to 7,268.3 points.
Will the market be able to build on this on Thursday? Here are five things to watch:
ASX 200 to open higher
The Australian share market looks set to have another good day on Thursday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 0.4% or 30 points higher this morning. In late trade on Wall Street, the Dow Jones is up 0.9%, the S&P 500 is up 1.4%, and the Nasdaq has risen 1.85%.
NAB Q1 update
The National Australia Bank Ltd (ASX: NAB) share price will be on watch today when it releases its first quarter update. According to a note out of Bell Potter, its analysts are forecasting close to $1.59 billion in cash earnings and around 49 cents cash earnings per share in during the first quarter of FY 2022.
Oil prices rise
Energy shares including Santos Ltd (ASX: STO) and Woodside Petroleum Limited(ASX: WPL) could have a decent day after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 0.5% to US$89.82 a barrel and the Brent crude oil price is up 1% to US$91.72 a barrel. Analysts are warning that oil prices could hit US$120 if Russia invades Ukraine.
AGL half year update
The AGL Energy Limited (ASX: AGL) share price will be in focus today when it releases its half year results this morning. The energy company is widely expected to post an ugly set of numbers after facing a very tough half. According to a note out of Morgans, its analysts expect AGL’s first half earnings to sink to $97 million.
Gold price rises
Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a decent day after the gold price pushed higher. According to CNBC, the spot gold price is up 0.4% to US$1,835 an ounce. Traders were buying gold after the US dollar and treasury yields softened ahead of the release of key US inflation data.
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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.
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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Technology surely is a wonder, isn’t it? Think about it: in the last 20 years or so, a plethora of technological advances mean our lives are now more integrated with software and code than ever.
More than 40% of the world’s population now has access to the internet and more than 90% of the world’s data was generated within just the past 2 years. (Although most of this comes in the form of digital media – photos, social media, customer data, etc.)
Much of the recent growth stems from infrastructure upgrades and also technological advances, including a vast improvement in internet speeds.
The chart above shows how internet speeds have increased in the last 10-12 years across all major nations.
It seems this has helped drive people’s integration with the technological stratosphere — and not the other way around.
Enter the metaverse. It’s a term you’ve probably heard thrown around investor circles lately, especially with the rise in speculative digital assets such as cryptocurrencies. Not to mention, a huge tech company with a similar name – but it’s a relatively new term nonetheless.
Long has been our fascination with the idea of a ‘digital reality’, a technological utopia of sorts. Think of the success of The Matrix franchise — and we still quote lines from Orwell’s 1984.
But, as with anything new, there comes an element of fear and angst. The metaverse isn’t immune. It hasn’t exactly got investors running for the hills. (It hasn’t quite attained “weapons of financial mass destruction” status, as Warren Buffet once labelled derivatives in his 2022 annual report), but there are reservations.
However, the metaverse is an intriguing new aspect of reality that looks set to stick around for a while.
So what is it? Will there be one big metaverse or a multitude, as some suggest? There are many questions still to be answered, even by the experts.
In this article, we’ll deconstruct the metaverse and help you, as an investor, understand how to potentially make a bold entrance. Or a small one, whatever suits. Either way, it seems imperative that we know a bit more about the topic. Strap in, let’s take a look.
What is the metaverse?
The word ‘metaverse’ was apparently first coined in the 1992 sci-fi novel Snow Crash where author Neal Stephenson used the term to describe a 3D virtual world.
According to a definition on Bloomberg Intelligence, today’s version of the metaverse is a digital reality that combines numerous aspects of digital media, enabling users to interact virtually.
This includes augmented reality (AR), online gaming, virtual reality (VR), cryptocurrencies, and even social media.
Another definition has it a new phase of “interconnected virtual experiences”.
Perhaps the boldest claim to date, however, is that it’s touted as the next evolution of the internet — the internet 2.0.
Although it sounds similar to VR and AR, the metaverse is actually quite different. It aims to replicate a real-world experience for users, whereas VR is entirely fictional or story-based.
That means it is also different from the internet in that it uses real-time 3D visualisation software to blend the physical and virtual worlds.
Picture an online world where everyday activities such as grocery shopping, buying and selling of real estate, business meetings, and even education include all of the sensory elements of reality – only they occur in these ‘3D virtual spaces’, that is, in the metaverse.
Basically, the metaverse is the real world transposed online into a digital version. Except it incorporates additional capabilities that we, as mere mortal humans, can’t perform in real life.
On that basis, yes, one needs to ‘enter’ the metaverse which, at this point in time, is achieved through computers and/or other tech devices.
It may sound crazy to think we would enter a digital world to do things we already do in real life, right? Well, it’s happening — and both companies and investors alike are making a splash in the digital universe as well.
Perhaps the most popular metaverse move of late has been the former Facebook’s pivot into the new online world. The company even changed its name to Meta Platforms Inc (NASDAQ: FB) and shifted its focus entirely onto the metaverse.
CEO Mark Zuckerberg wrote in his founder’s address, in 2021, that in the metaverse, we’ll be able to do just about anything imaginable. Literally anything.
For instance, Zuckerberg claimed we’ll be able to “teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parent’s living room to catch up”.
We’ll also have the opportunity to “create new experiences that don’t really fit how we think about computers or phones today”, he wrote.
In fact, Meta even goes so far to say that by “creating a sense of virtual presence, interacting online can become much closer to the experience of interacting in person”.
How big is the metaverse? How big will it grow?
Interest is piquing from the public on the topic as well. Data from google trends shows that searches on the term ‘metaverse’ spiked in September last year and have remained elevated since. No doubt, much of this activity came from Meta (nee Facebook)’s name change around the same time.
Nevertheless, data compiled by digital marketing company Mrs Digital finds people are still quite uncertain about the metaverse based on specific search terms. This suggests the concept is still in its infancy and that adoption has been slow to date.
However, data compiled by Statista, PWC, Bloomberg Intelligence, and venture capital company Epyllion, claim the metaverse could reach a value of $800 billion by 2024/25, growing at an average of 13% per year until then.
Given the rise of gaming software and social media advertising, the market could triple that size in the not-too-distant future. Epyllion even suggests “this is a $10–$30 trillion opportunity that will manifest in a decade or decade and a half”.
More analysis from Bloomberg suggests that mentions of the word ‘metaverse’ have increased more than 4 times in third-quarter US earnings transcripts.
In a note from December, US investment bank Jefferies also believes it to be a multi-trillion opportunity, stating it will create the biggest disruption to human life ever seen.
“A single metaverse could be more than a decade away, but as it evolves, it has the potential to disrupt almost everything in human life,” its analysts wrote.
Jefferies also notes that our younger generations will likely spearhead the metaverse’s rise, specifically those aged between 9 and 24, otherwise known as Generation Z.
What will the metaverse involve?
Right now the biggest revenue opportunity in the metaverse exists for game and software developers, live events, user-generated content, social ads, social networks, and those using VR/AR.
The assumption is that enormous opportunities will arise in these markets within the metaverse, especially for entities that can blend their physical and virtual worlds.
According to analysis from Bloomberg Intelligence, the biggest opportunities sit within gaming and software sales as well as the development of new gaming hardware.
It is estimated this subsector of the market could reach $412 billion in value by FY24. It was already valued at $275 billion in 2020. Within this figure, roughly 70% of earnings come from software and services sales.
Game makers are generating sales via play-to-collect and play-to-earn games that use blockchain technology and cryptocurrencies like Bitcoin and Dogecoin.
These features could be incredibly profitable and lead to innovation, according to technology analyst Matthew Kanterman of Bloomberg.
Not only that, for live events such as concerts and sports, the metaverse provides an opportunity to host these on a digital platform, showing them in a 3D virtual world. This also represents additional opportunities for game makers with some already holding concerts inside their games, according to Kanterman.
According to data obtained from Bloomberg, Statista and PWC, the revenue opportunity in films, sports, and live music could exceed $200 billion in the next 3 years.
How to invest in the metaverse?
To track the sector’s performance, there is the Ball Metaverse Index. It’s managed by an expert council and maps companies into 7 categories that are weighted towards the metaverse.
The index has a market cap of $87 trillion and contains mostly media and tech-weighted companies. It has underperformed the benchmark so far this year, alongside global tech indices.
According to research compiled by Bloomberg, companies exposed to the metaverse in the Ball Index have outperformed the MSCI ACWI Index of Developed and Emerging markets since 2018.
The same list of companies also gained around 6% during the previous quarter on average, according to this research. Who are these companies? Here’s a list of the top 10 main players by market capitalisation in the table below, from Bloomberg:
Name
Country of Domicile
Apple Inc
United States
Microsoft Corp
United States
Meta Platforms Inc
United States
NVIDIA Corp
United States
Tencent Holdings Ltd
China
Walt Disney Co/The
United States
Sea Ltd
Singapore
Sony Group Corp
Japan
Snap Inc
United States
NetEase Inc
China
The breakdown is quite concentrated by industry. It appears that around 60% of current revenue activity in the metaverse is made up by the media, followed by tech and semiconductors at 25%. Financial services and consumer discretionary also account for 3% each.
By region, the lion’s share of metaverse activity is focused on the US with Asia and Europe making up the remainder, Bloomberg says.
It seems those investors wanting exposure to the metaverse might want to pay attention to these large-cap stocks that are already involved with the space.
However, a number of metaverse-specific ETFs have surfaced in recent months, giving investors diversified exposure to the sector.
The Roundhill Ball Metaverse ETF (NYSEAMERICAN: METV) launched back in June and aims to track the performance of the Ball Metaverse Index.
It has struggled recently amid the tech selloff in 2022 and was trading at US$12.72 at last check.
The Fount Metaverse ETF (NYSEARCA: MTVR) is another US incorporated ETF that tracks the performance of the Fount Metavese Index. It has shown similar returns of late and is now trading at US$21.62.
The Subversive Metaverse ETF (CBOE: PUNK) also provides investors exposure to short the metaverse, by performing a daily short of 40 shares on Meta/Facebook’s share price.
It was formed within the last few months. With Meta erasing over $200 billion in market cap in just a few hours last week on its earnings miss, we can all guess how PUNK must have performed lately. It is shown on the chart below in mint-green, towards the right-hand side.
In fact, there are now 282 listed funds concentrated on the metaverse, according to data compiled from Bloomberg Intelligence.
What’s next?
By all accounts, the metaverse is set to see a period of increased adoption over the next few years. It appears that many new entrants will make their presence felt and innovators will find ways to capitalise on the newly-formed free market.
For us, as investors, there’s the opportunity to enter as a company-specific play or via the numerous ETFs that have launched lately.
However, it’s early days and there are many uncertainties, a fact widely acknowledged among sophisticated investors.
Jefferies reckons it’s the younger generation that will drive growth in the space. Yet a poll conducted by market research firm The Harris Poll found only around 40% of generation Zs see the metaverse as becoming part of our lives in the next decade.
But the research also found around 70% of generation Zs and millennials would be interested in knowing more about or interacting with the metaverse.
The question is whether both individuals and investors are willing to part with their hard-earned money and place it in the realms of the digital world.
Facebook’s investment into the space adds a layer of credibility. However, investor interest has so far remained relatively sparse, even with the new ETFs.
Of course, time will tell where the direction of the metaverse takes us and there’s certainly nothing wrong with sitting on the sidelines and watching it all unfold in the meantime.
Should you invest $1,000 in the metaverse right now?
Before you consider the metaverse, 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 the metaverse 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.
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 Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Meta Platforms, Inc. The Motley Fool Australia has recommended Meta Platforms, 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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Altium is an electronic design software provider behind the Altium 365 and Altium Designer platforms. These best in class platforms have put Altium in a strong position to benefit greatly from the rapidly growing Internet of Things (IoT) and AI markets. These markets are expected to underpin strong demand for electronic design software over the next decade. Earlier this week, Bell Potter upgraded Altium’s shares to a buy rating with a $40.00 price target.
Goodman is one of the world’s leading integrated commercial and industrial property companies. Thanks to the success of its focus on investing in and developing high quality industrial properties in strategic locations, close to large urban populations and in and around major gateway cities globally, Goodman has been growing at a consistently strong rate for many years. Pleasingly, with demand for its properties continuing to grow and its development pipeline filled to the brim, the future looks bright for Goodman. Citi is very positive on the company and has a buy rating and $27.50 price target on its shares.
Life360 is a relatively new addition to the ASX 200. The growing technology company was added to the index following Oil Search’s merger with Santos Ltd(ASX: STO). And with the company boasting 33.8 million monthly active users of its eponymous Life360 mobile family app, it’s not hard to see why Life360 is included in the illustrious index. From these users, the company delivered a 48% year on year increase in Annualised Monthly Revenue (AMR) (excluding acquisitions) to US$120.1 million during the third quarter. Bell Potter appears confident this strong growth will continue and has put a buy rating and $13.51 price target on its shares.
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.
Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Altium and Life360, Inc. 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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Fortescue Metals Group Limited (ASX: FMG) is planning for Fortescue Future Industries to build a massive solar and wind energy farm.
For readers that haven’t heard of FFI, Fortescue says it’s taking a global leadership position in green energy and green technology with a vision to make green hydrogen the most globally traded seaborne commodity in the world.
Fortescue’s massive renewable energy plan
Fortescue Future Industries is planning to build a very large renewable energy hub for up to 5.4GW of generation capacity from and solar. It will include 340 wind turbines according to reporting to The Australian.
The idea is that this huge green energy producer will send power to the Eliwana mining operations with 170km of power transmission.
FFI is also planning to install a very large battery as well.
How big is this project? According to reporting, if it produces 5.4GW then this would be approximately the same amount of power for WA’s South West Integrated System, which reportedly powers the south west of WA, including Perth.
How much carbon emissions will this actually save?
The Australian reported Fortescue Future Industries has outlined in documents lodged with the WA environmental regulator how much greenhouse gas emissions it thinks will be reduced with the construction of this renewable energy project:
The implementation of the proposal will enable Fortescue to reduce annual greenhouse gas emissions by at least 1.5 million tonnes of carbon dioxide equivalent emissions by 2030 in line with the Paris Agreement to limit global warming to well below 2C compared to pre-industrial levels.
Establishment of the Uaroo Renewable Energy Hub is a critical component of achieving net zero emissions from Fortescue mining operations by 2030.
Construction works will commence following receipt of all necessary approvals and are anticipated to run for approximately seven years. Renewable energy generation and electricity transmission infrastructure will be progressively constructed and commissioned in stages.
It is building a global green energy manufacturing centre in Gladstone, Queensland. The first stage is a large electrolyser manufacturing facility.
Fortescue Future Industries has entered into a master development agreement with the State of Papua New Guinea that will enable FFI to undertake feasibility studies on a portfolio of major green energy and hydrogen projects.
It has also entered into an agreement with AGL Energy Ltd (ASX: AGL) to undertake a feasibility study to repurpose infrastructure at the Hunter Valley Liddell and Bayswater coal-fired power stations to generate green hydrogen.
Before you consider Fortescue, 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 Fortescue 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.
Motley Fool contributor Tristan Harrison owns Fortescue Metals Group 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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Today, the S&P/ASX 200 Index (ASX: XJO) climbed further out of its recent January dip. At the end of the session, the benchmark index finished 1.14% higher at 7,268.3 points.
Only two sectors left investors in the red on the ASX today. These losses were seen in energy and materials, which were pulled down by weakness in oil and iron ore prices. Fortunately, the remaining sectors more than made up for the underperformers. The tech sector was a standout from the crowd, posting a 4.2% gain.
The question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:
Top 10 ASX shares countdown today
Looking at the top 200 listed companies, Computershare Ltd (ASX: CPU) was the biggest gainer today. Shares in share registry operator surged 11.24% on its solid first half result, which included an upgraded guidance. Find out more about Computershare here.
The next biggest gaining ASX share today was Dicker Data Ltd(ASX: DDR). The computer products distributor jumped 7.76% after announcing plans to pay shareholders a fully-franked final dividend of 15 cents per share. Uncover the latest Dicker Data details here.
Today’s top 10 biggest gains were made in these ASX shares:
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.
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.
Motley Fool contributor Mitchell Lawler owns Commonwealth Bank of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Dicker Data Limited, WiseTech Global, and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Dicker Data Limited and WiseTech Global. 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 past 30 days have been rough on the Woolworths Group Ltd(ASX: WOW) share price despite the company’s silence.
However, its direct competitor, fellow supermarket giant Coles Group Ltd(ASX: COL) hasn’t suffered the same pressure.
The Coles share price has tracked roughly in line with the S&P/ASX 200 Index (ASX: XJO), falling 2.64% over the past 30 days – 0.24% more than the index’s own slump.
Meanwhile, the Woolworths share price has stumbled into a hole, tumbling 7.25% since this time last month.
As of Wednesday’s close, stock in Woolworths is swapping hands for $34.41. At the same time, a share in Coles will set an investor back $16.62.
Let’s take a look at why the ASX’s biggest supermarket has been lagging its smaller rival lately.
Why has the Woolworths share price underperformed Coles?
There’s no clear reason why the Woolworths share price has underperformed that of Coles over the past 30 days. However, broker expectations might be playing a part.
Coles also acknowledged that it was struggling with supply chain issues by announcing a recruitment drive and reinstating product limits. Additionally, the media reported Coles faced significant staff shortages at its distribution centres, too.
Woolworths share price snapshot
Looking back over the past 12 months, the Woolworths share price has outperformed Coles by almost 7%. Woollies shares are down 2.19% compared to the Coles share price, which is down 9.13%.
Over the long term, Woolworths is the stand-out with a 60% gain in its shares over 5 years compared to Coles at 30%.
Before you consider Woolworths, 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 Woolworths 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.
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. 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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REX Airlines and Qantas subsidiary QantasLink have entered a public spat over a new flight route between Sydney and Broken Hill.
But it seems the dispute hasn’t dampened investor sentiment for the companies’ shares. Both airlines are having a good week on the ASX so far.
The Regional Express Holdings Ltd(ASX: REX) share price has surged 23% in just the last 3 trading days. Meanwhile, the Qantas Airways Ltd (ASX: QAN) share price has gained more than 6%.
Let’s take a look at what’s behind the squabble.
Broken Hill competition
REX Airlines is not happy about Qantas operating in what it sees as its own regional market. QantasLink will be flying between Broken Hill and Sydney for the first time from 8 April.
The airline will schedule return flights between the two destinations in its 50-seat Q300 aircraft twice a week.
In comments on ABC radio, REX deputy chair John Sharp described Qantas’s decision to fly into the regional town as “retaliation”.
Qantas obviously isn’t happy with Rex going into the domestic airline business, flying in competition with them in Sydney, Melbourne, Brisbane, and Adelaide.
So in retaliation they’ve been moving into our regional market, our traditional market.
However, QantasLink CEO John Gissing had his own words for REX, stating:
We hear a lot about that airline. Some people in aviation call them the cockatoo airline, lots of squawking. But sometimes you can’t work out what they’re actually on about.
Despite the public spat, both Qantas and the Regional Express share price are well in the green this week. The Qantas share price has been buoyed by news Australia’s international borders will open. As Motley Fool Australia reported yesterday, Qantas is looking to restart flights to more overseas destinations on the back of the announcement.
Meanwhile, Regional Express has received $250 million from the NSW government to secure its base in Sydney.
In an announcement shared with the market on Monday, REX said the package would create 2,500 jobs in NSW. REX deputy chair Sharp commented:
Without the state’s substantial assistance, Rex’s expansion plans in the State would never have materialised under this climate of pandemic and many new jobs would not be created.
NSW premier Dominic Perrottet added:
By supporting Rex Airlines to expand its Sydney headquarters we are not only creating thousands of new jobs, but signalling to the world that NSW is open and ready to welcome travellers.
Should you invest $1,000 in Regional Express right now?
Before you consider Regional Express , 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 Regional Express 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.
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 ClearVue Technologies Ltd(ASX: CPV) share price hit the gas for shareholders today following its latest update.
At the closing bell, shares in the green technology company were situated at 46.5 cents apiece, rising 13.4%. The sizeable gain put ClearVue shares on pace with a three-week high. Notably, shareholders are now sitting on a gain of 72% over the past month.
Moreover, today’s market announcement propelled the number of shares being exchanged on the market. While the average trading volume for this small-cap company hangs around 1.16 million, more than 3.7 million shares swapped hands today.
Two minds are better than one
The excitement getting behind ClearVue on the ASX today stems from its partnership agreement with D2Solar. This builds on top of an already lengthy relationship between the companies.
According to the release, ClearVue has signed a Master Services Agreement (MSA) with California-based D2Solar. As part of the agreement, the two companies will put their heads together to continue development on second and third-generation technologies.
Clearvue explained the rationale behind budding up with solar development company D2Solar. Importantly, the deal is expected to bring stability to ASX-listed ClearVue’s supply chain. A locally sourced supply chain has become an influential factor in purchasing decisions within the US market.
Furthermore, the MSA enables the ability for both companies to enter into an exclusive supply agreement in the future. This would see D2Solar be the exclusive manufacturer of certain ClearVue components once the company reaches this stage.
Additional scope of work is being discussed to include development input from D2Solar. The expanded scope would encompass development efforts on the second and third generation of ClearVue’s single and double-glazed products.
Commenting on the news, ClearVue executive chair, Victor Rosenberg said:
ClearVue is very pleased to be working with D2Solar – they are a one-of-a-kind service in solar technology development and are a pleasure to work with. Very few contract development teams globally have the depth of skills and knowledge that the team at D2Solar can offer – we have been very pleased to be working with them over the last few years and are very much looking forward to deepening this relationship going forward including as a tech development partner, contract manufacturing partner and through the proposed co-location.
Interestingly, the move in the ClearVue share price occurred despite the announcement being marked non-price sensitive.
How has the ASX treated the ClearVue share price lately?
ClearVue has made its way into 2022 in style. In the space of 5 weeks, the ClearVue share price has rocketed 86% higher. The bulk of these gains played out in January without any announcements to fuel the momentum.
However, it is worth noting that the company is coming off a low base. Between April 2021 and December 2021, ASX-listed ClearVue shaved off 73% from its share price.
Should you invest $1,000 in ClearVue Technologies right now?
Before you consider ClearVue Technologies, 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 ClearVue Technologies 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.
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 token is down 7% over the past 24 hours, currently trading for 0.0031 US cents.
This comes after the speculative altcoin – whose creators call it the ‘Dogecoin killer’ and also features a Shiba Inu dog as its mascot – surged 38% yesterday.
At the current price, Shiba Inu has a market cap of US$17.1 billion, making it the 14th biggest crypto in virtual circulation, according to data from CoinMarketCap.
Whether today’s losses reflect short-term profit taking or longer-term pain for the crypto remains to be seen. The token is down 9% in 2022 and down 65% since hitting all-time highs on 28 October last year.
What drove yesterday’s Shiba Inu price surge?
When you’re talking about market caps in the US$17 billion range, a 38% daily gain is worth taking stock of.
As The Motley Fool reported yesterday, the Shiba Inu price surge followed “a weekend rally driven by news that fast-food chain Welly’s will be partnering with the dog-inspired cryptocurrency.”
Derivatives markets also look to have spurred on the price gains, where “forced liquidations cost traders nearly $10 million, this time on traders betting the price of SHIB would fall”.
Commenting on the revived fortunes in the crypto markets over the past week, Sharat Chandra, VP of Research and Strategy at EarthID said (quoted by the Economic Times), “Crypto prices have mimicked the US stock rally and recovery in stocks have provided the tailwinds for crypto.”
For some insight into yesterday’s big leap in the Shiba Inu price, Ishan Arora, Partner at Tykhe Block Ventures, added, “Bitcoin and Ethereum both bouncing off the lows have again given investors confidence in other coins such as Shiba Inu which have also bounced off weeks of downtrend.”
And Lindsey Bell, chief markets and money strategist at Ally Financial said (quoted by Bloomberg), “People are starting to feel a little more comfortable dipping their toes back into some of these riskier asset classes after the pullback.”
Now what?
Bell cautioned that it wasn’t all clear sailing ahead for cryptos and the Shiba Inu price, with plenty of uncertainty on the horizon. Among those, how fast and how high global central banks might set interest rates.
Before you consider Shiba Inu, 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 Shiba Inu 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.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and recommends Bitcoin and Ethereum. The Motley Fool Australia owns and recommends Bitcoin and Ethereum. 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 Nickel Mines Ltd(ASX: NIC) share price finished Wednesday’s trading session in a continued trading halt.
Before market open today, the low-cost nickel producer requested its shares be halted pending a capital raising announcement.
Yesterday’s closing price for Nickel Mines shares stood at $1.455 apiece.
What’s the details in Nickel Mines’ update?
The Nickel Mines share price remained frozen today despite the company releasing the details regarding its capital raise.
According to its afternoon release, Nickel Mines launched a US$225 million capital raise to fund the acquisition of its initial 30% stake in the Oracle Nickel Project (ONI).
In December, Nickel Mines announced that it had executed a binding definitive agreement to acquire a 70% stake in ONI.
Shanghai Decent Investment (Group) Co., Ltd (Shanghai Decent) and Decent Resource are listed as partners in the US$525 million investment. This will comprise US$371 million in acquisition funding and US$154 million in shareholder loans.
Nickel Mines stated that its US$225 equity raise will be broken in the following:
A US$106 million fully underwritten institutional placement;
A US$106 million non-underwritten placement to Shanghai Decent (conditional placement); and
A US$13 million non-underwritten share purchase plan (SPP)
ONI is currently undergoing construction activities within the Indonesia Morowali Industrial Park.
Once the acquisition is completed, this will pave the way for Nickel Mines in becoming a top-10 global nickel producer.
With new capacity from the Angel Nickel Project (ANI) and ONI coming online, the company’s nickel production profile is expected to approximately triple by early 2023.
Under the US$106 million institutional placement, roughly 108.1 million new ordinary shares will be issued at $1.37 per new share. This reflects a discount of about 5.8% on yesterday’s closing price of $1.455.
The new shares issued under the placement represent approximately 4.3% of the company’s total registry.
In regards to the conditional placement, Nickel Mines entered into a subscription agreement with Shanghai Decent. However, this is subject to shareholder approval from Nickel Mines investors, and the Foreign Investment Review Board (FIRB) approval.
The conditional placement will be conducted at the same price as the institutional placement.
Lastly, the SPP will be offered to eligible Australian and New Zealand shareholders who can apply for up to $30,000 worth of shares. The listed price will be the same as above.
A SPP booklet will be dispatched on 16 February, along with the offer opening up.
Nickel Mines share price snapshot
With Nickel pig iron prices rising to unprecedented levels, the Nickel Mines share price has accelerated by 20% in the past year.
The company’s shares rocketed to an all-time high of $1.65 last month, before retracing 12% to late December levels.
Nickel Mines commands a market capitalisation of roughly $3.66 billion, with approximately 2.52 billion shares outstanding.
Should you invest $1,000 in Nickel Mines right now?
Before you consider Nickel Mines, 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 Nickel Mines 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.
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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