• How did the Wesfarmers (ASX:WES) share price perform in the last quarter?

    Adult man wearing a black suit and necktie calculating via old fashioned calculator, surrounded by newspapers.

    The Wesfarmers Ltd (ASX: WES) share price has started this week in the red, closing down 0.3% at $54.26 per share yesterday. That makes for a loss of 1.5% over the first 2 trading days.

    It also puts the retail giant down 2.7% so far in the new financial quarter (Q2 FY22), which kicked off on 1 October.

    By comparison, the S&P/ASX 200 Index (ASX: XJO) is down 0.7% since the closing bell on 30 September marked the end of Q1.

    That’s the recent price action.

    But how did the Wesfarmers share price perform relative to the benchmark last quarter?

    We take a look at that, and some of the big factors moving the price.

    How did the Wesfarmers share price perform last quarter?

    Wesfarmers started the quarter gone (Q1 FY22) by trading for $59.10 per share.

    When the closing bell marked the end of Q1 on 30 September the Wesfarmers share price stood at $55.75, down 5.7% over the quarter.

    By comparison, the ASX 200 managed to notch up a 0.3% gain.

    It wasn’t all downhill for Wesfarmers shareholders though. In fact, Wesfarmers’ shares hit all-time highs of $66.06 on 20 August.

    But by 29 September they’d fallen to a low for the quarter, down some 19% from the highs, at $55.31 per share.

    What were ASX investors considering over the quarter?

    While COVID-19 restrictions have been with us for far longer than we’d like, and should hopefully be a relic of the past, they continued to occupy investors’ minds in the past quarter.

    With its subsidiary holdings including Kmart, Bunnings, and Officeworks all considered essential services and allowed to remain open, many of Wesfarmers’ assets continued to perform well over the quarter.

    But the company is more than a retail share. And the Wesfarmers share price looked to have gotten a lift on 16 July when the company reported its Mt Holland lithium project in Western Australia had received ministerial approval.

    In August, Wesfarmers again made news over an energy deal.

    As my Foolish colleague Brooke Cooper pointed out at the time: “The agreement is between energy infrastructure company Jemena and Wesfarmers’ subsidiary Coregas. It will see green hydrogen supplied to New South Wales’ transport sector for the first time.”

    With the Wesfarmers share price having notched an all-time high in the past quarter, it will be interesting to see what the coming months offer for shareholders.

    The post How did the Wesfarmers (ASX:WES) share price perform in the last quarter? appeared first on The Motley Fool Australia.

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

    Before you consider Wesfarmers, 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 Wesfarmers wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

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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 owns shares of and has recommended Wesfarmers 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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  • 5 things to watch on the ASX 200 on Wednesday

    Investor sitting in front of multiple screens watching share prices

    On Tuesday the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.25% to 7,280.7 points.

    Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

    ASX 200 expected to rise

    The Australian share market looks set to bounce back on Wednesday. According to the latest SPI futures, the ASX 200 is expected to open the day 20 points or 0.3% higher this morning. This is despite all the major indices on Wall Street dropping into the red. In late trade, the Dow Jones is down 0.25%, the S&P 500 is down 0.2%, and the Nasdaq is trading 0.1% lower.

    Bank of Queensland results

    The Bank of Queensland Limited (ASX: BOQ) share price will be on watch today. This morning the regional bank is due to release its full year results for FY 2021. According to a note out of Goldman Sachs, its analysts are expecting Bank of Queensland to deliver cash earnings of $406 million, which will be an increase of 80% year on year. This is expected to underpin a 39 cents per share fully franked full year dividend. This comprises an interim 17 cents per share dividend and a 22 cents per share final dividend.

    Oil prices mixed

    Energy producers such as Beach Energy Ltd (ASX: BPT) and Woodside Petroleum Limited (ASX: WPL) will be on watch after a mixed night for oil prices. According to Bloomberg, the WTI crude oil price is up 0.1% to US$80.58 a barrel and the Brent crude oil price has fallen 0.4% to US$83.30 a barrel. Traders appear to have been taking profit after some very strong gains.

    Gold price rises

    Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a good day after the gold price pushed higher. According to CNBC, the spot gold price is up 0.3% to US$1,760.5 an ounce. The gold price gained amid growing inflation concerns.

    Dividends being paid

    It is pay day for the shareholders of a number of ASX 200 shares. Among the companies paying dividends on Wednesday are BlueScope Steel Limited (ASX: BSL), News Corporation (ASX: NWS), and TPG Telecom Ltd (ASX: TPG).

    The post 5 things to watch on the ASX 200 on Wednesday 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 more than eight 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 August 16th 2021

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended TPG Telecom 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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  • Why has the Origin (ASX:ORG) share price rallied 17% in 3 weeks?

    A group of business people face the camera clapping.

    The Origin Energy Ltd (ASX: ORG) share price has been on a tear in recent weeks. In fact, shares in the energy company have gained 17% in the space of just three weeks.

    Many ASX-listed energy shares have been rising in recent weeks as high demand meets constricted supply for energy resources. Illustrating the situation, the price of natural gas in Europe at the moment is at least 5 times higher than it was last year.

    Keeping the lights on

    A number of various factors have combined to create a difficult energy scenario in Europe. In addition, fears are building that lacking energy supply will flow across China and India in the near term. While the gas industry believes this situation will be a temporary one, that doesn’t change the current scarcity.

    As such, countries are buying up supplies where they can at almost any cost. On 1 October, the Chinese government instructed its energy companies to secure supply at all costs, compounding the global price hike. Despite this, China continues to experience widespread power outages as it struggles to meet demand.

    All of this bodes well for Origin and its share price. As the company’s CEO Frank Calabria stated in its FY21 annual report:

    Australia Pacific LNG was outstanding, safely curtailing output when the market was subdued, and rapidly ramping up production when demand recovered, matching previous daily production records and shipping a record 130 cargoes for the year.

    Investors are likely speculating over the potential benefit the shortages could bring to the growth of Origin’s Octopus Energy investment. Already, it’s been revealed that Octopus Energy has tripled in value to £3 billion since its original investment in May 2020.

    With fossil fuel prices spiralling out of control, more customers may be drawn to Octopus Energy’s renewable alternative. Octopus supplies 100% green energy sourced from solar, wind, or hydro sources.

    Origin share price snapshot

    Although the Origin share price has performed well recently, it still is dwarfed by the benchmark on longer timeframes.

    For instance, the energy company’s shares have increased 14% in value over the past 12 months. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) delivered a gain of 17.5% during the same period.

    Similarly, Origin shares have gained 4% since the start of the year while the ASX 200 is up nearly 9%.

    Lastly, for dividend investors, the company is offering a dividend yield of 3.94% at the current Origin share price.

    The post Why has the Origin (ASX:ORG) share price rallied 17% in 3 weeks? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Origin Energy right now?

    Before you consider Origin Energy, 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 Origin Energy wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

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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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  • Why has the Adriatic Metals (ASX:ADT) share price leapt 11% in a month?

    jump in asx share price represented by man leaping up from one wooden pillar to the next

    The Adriatic Metals Plc (ASX: ADT) share price has finished Tuesday’s session in the green and closed the day 3.5% higher at $3.31.

    That caps off an impressive gain for the precious and base metals explorer, whose share price has climbed 11% in the last month.

    Adriatic Metals has scored these gains despite there being no market sensitive information for the company.

    So let’s dive in and take a look at what’s fuelling the price action.

    Why is the Adriatic Metals share price gaining ground lately?

    Adriatic Metals is a producer of precious and base metals such as zinc, lead and silver. It has keen interests in several projects dotted across Bosnia and Serbia involved in each metal.

    In the absence of any remarkable news that may directly impact its share price, we have to look to the underlying commodity markets to help understand what’s driving the Adriatic share price lately.

    That’s because Adriatic Metals is in a fairly secular position, in that like its peers, it is an ASX resource share that produces commodities. As such, its share price will fluctuate as the price of its underlying commodities fluctuates.

    Two of the base metals the company has exposure to – zinc and lead – have had price spikes in the last few weeks.

    For instance, the price of zinc has crept up from a previous low of US$3,013/Tonne on 6 October to reach a high of US$3,222/tonne yesterday. That’s a 3-year high for the metal.

    Lead has also crept up 7.5% in the last few weeks to trade at US$2,279/tonne, reversing a downward trend that had been in situ since mid-August.

    With this in mind, it appears that bullish investors may have grabbed ahold of Adriatic Metals shares on the back of the recent momentum in the broader commodities markets.

    And it also appears the strengths are carried through the broader sector, with the S&P/ASX 300 Metals and Mining Index (XMM) gaining almost 4% in the past week as well.

    Hence, Adriatic shares could be riding the wave of a stronger underlying commodities market and buying strengths across the broader ASX metals sector.

    Adriatic Metals share price snapshot

    The Adriatic Metals share price has climbed 42% this year to date and has extended its gains over the last 12 months to 47%.

    Each of these returns has outpaced the S&P/ASX 200 index (ASX: XJO)’s return of around 25% in the last year.

    The post Why has the Adriatic Metals (ASX:ADT) share price leapt 11% in a month? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Adriatic Metals right now?

    Before you consider Adriatic Metals , 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 Adriatic Metals wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

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    The author Zach Bristow has no positions 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 has the Brainchip (ASX: BRN) share price tanked 20% in a month?

    a woman holds her hand out under a graphic hologram image of a human brain with brightly lit segments and section points.

    The Brainchip Holdings Ltd (ASX: BRN) share price has had an awful month’s trade on the ASX despite no news having been released by the company.

    In fact, the last time the artificial intelligence company updated the market with price-sensitive news was way back in August when it released its earnings for the first half of 2021.

    As of Tuesday’s close, the Brainchip share price is 39 cents, 2.5% lower than Monday’s close.

    This time last month, Brainchip’s shares were swapping hands for 48 cents apiece. That means the Brainchip share price has dropped a whopping 19.79% over the last 30 days.

    For context, the S&P/ASX 200 Index (ASX: XJO) has fallen 1.9% in this time.

    Meanwhile, the S&P/ASX Information Technology Index (ASX: XIJ) has dropped 6% over the last 30 days while the S&P/ASX All Technology Index (ASX: XTX) is down 5.6%.

    So, what’s been weighing on the global AI company‘s stock lately? Let’s take a look.

    Could this be why Brainchip has struggled lately?

    The Brainchip share price’s recent slide might have something to do with its founder and CEO Peter van der Made.

    On 10 September, the company announced van der Made was in the process of offloading 8,993,315 Brainchip shares. At the time, my Foolish colleague reported the holding was valued at around $4.3 million.

    However, the shares were only earmarked the be sold on 10 September. They would actually swap hands 15 trading days later for the volume average weighted price exhibited through the 15-session period.

    Thus, on 5 October, the shares left van der Made’s portfolio with the buyer paying $3,659,584.

    The Brainchip share price fell 2.5% on the day the swap was completed. However, it fell a similar amount during both the previous session and following session.

    Since then, Brainchip’s stock has gained another 2.6%.

    Whether or not the boss’ extended trade was weighing on the AI company’s stock is impossible to say.

    Though, it’s worth noting van der Made still owns more than 160 million Brainchip shares.

    Brainchip share price snapshot

    The last month has plunged the Brainchip share price into the longer-term red on the ASX.

    Right now, the company’s shares are trading for 9% less than they were at the start of 2021. However, they’re currently valued 6% higher than they were this time last year.

    The post Why has the Brainchip (ASX: BRN) share price tanked 20% in a month? appeared first on The Motley Fool Australia.

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

    Before you consider Brainchip, 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 Brainchip wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

    More reading

    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 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 has the Rumble Resources (ASX:RTR) share price leapt 12% in a week?

    a smile from a man with a full set of gold teeth with dollar signs embossed on them.

    The Rumble Resources Ltd (ASX: RTR) share price has powered through the session to finished the day 5.21% higher at 50.5 cents.

    Rumble shares have been on a bumpy ride lately, having come off previous highs of 54 cents in September. However, they’ve gained 12% in the past week.

    Let’s take a look at what’s fuelling this recent price action.

    Why is the Rumble Resources share price gaining lately?

    The Rumble Resources share price has been gaining ground this past week despite there being no market sensitive information for the company.

    However, in the weeks prior to this, Rumble released an update on its Lamil gold-copper project.

    The Lamil project is a joint venture with AIC Mines Ltd (ASX: A1M), located in the Paterson Province in Western Australia.

    Rumble described the Paterson region as one of the most highly endowed and underexplored mineral provinces in Australia. It already hosts the Telfer copper-gold and Nifty copper mines.

    So it stands to reason Rumble is hopeful it will benefit from the same fortunes these two projects have delivered to date.

    With this in mind, it appears bullish investors have got ahold of Rumble’s shares after the price of 2 key metals – gold and copper – regained some field position in the past few weeks.

    Gold has spiked US$32/t.oz since September 30 while copper now fetches US$4.30/lbs – a 7.5% gain in that time.

    Plus the S&P/ASX All Ordinaries Gold Index (XGD) has climbed 5% in the last week. At the same time, the S&P/ASX 300 Metals & Mining (XMM) has clicked up as well, indicating strengths across the broad sector.

    Rumble’s position as an ASX resource share that produces a commodity means its share price fluctuates with volatility in the commodity markets.

    It makes sense then as to what might be driving investors to bid up the price of Rumble Resource shares, given the strengths in its underlying markets.

    Rumble Resources share price snapshot

    The Rumble Resources share price has soared over 339% this year to date, extending its gains to 197% in the last 12 months.

    These returns are well ahead of the S&P/ASX 200 Index (ASX: XJO)’s return of about 20% in the last year.

    The post Why has the Rumble Resources (ASX:RTR) share price leapt 12% in a week? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Rumble Resources right now?

    Before you consider Rumble Resources, 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 Rumble Resources wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

    More reading

    The author Zach Bristow has no positions 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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  • BPM Minerals (ASX:BPM) share price leaps 7% on exploration update

    arrow exploding over rising finance chart

    The BPM Minerals Ltd (ASX: BPM) share price ended Tuesday’s trading session firmly in the green. This comes after the Perth-based gold, nickel and base-metal explorer provided an update on its exploration activities.

    At the closing bell, BPM Minerals finished 7.40% higher to 29 cents apiece.

    What did BPM Minerals announce?

    In a statement to the ASX, BPM Minerals provided an update for its Western Australia projects.

    The company advised that the Rhodes and Ivan Well lead-zinc-silver projects in Earaheedy Basin have now been granted. The site is an emerging base-metal precinct that has been largely untested for deposits.

    BPM Minerals stated that external aeromagnetic-photographic interpretations have been completed at both projects. As such, the results show 21 and 13 Litho-Structural lead (Pb), zinc (Zn) and silver (Ag) exploration targets respectively.

    Soil and stream sediment geochemical programs have been scheduled for Rhodes and Ivan Well to be completed in November. This is expected to assist with drill targeting and mapping of anomalous structures that may lead to mineralisation.

    In addition, the Hawkins Project is slated for a grant in mid-November, with Native Title agreements now well advanced. The Hawkins area is considered to cover a significant strike length of the prospective Frere-Yelma Formation unconformity.

    The company noted that ground gravity programs are planned to begin at Hawkins in mid-November. The geological survey is designed to identify areas of accumulations of massive sulphides.

    Utilising a combination of airborne magnetics, gravity and passive seismic tools is expected to lead to Pb-Zn-Ag mineralisation. Should this occur, the BPM Minerals share price could potentially shoot higher in future. Investors have already expressed their positive assessment, sending the company’s shares higher today.

    BPM Minerals share price summary

    Since listing on the ASX in December 2020, it has been a relatively positive year for BPM Minerals, up 20%. The company’s share price accelerated to an all-time high of 59.5 cents in May, before sharply pulling back. 

    On valuation grounds, BPM Minerals commands a market capitalisation of roughly $10.8 million, with approximately 37.5 million shares on issue.

    The post BPM Minerals (ASX:BPM) share price leaps 7% on exploration update appeared first on The Motley Fool Australia.

    Should you invest $1,000 in BPM Minerals right now?

    Before you consider BPM Minerals, 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 BPM Minerals wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

    More reading

    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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  • Regional Express (ASX: REX) share price slumps amid new regional competition

    a man in a flowery t-shirt and sunglasses clutches two airline boarding passes and a toy plane in his other hand and smiles widely to the camera, sticking his tongue out to show his joy.

    The Regional Express Holdings Ltd (ASX: REX) share price descended today amid reports new competition for the regional airline will soon be taking off.

    There’s a new kid ready to move onto Australia’s budget airline block and its name is Bonza. Bonza is expecting to launch early next year and will be focusing on routes that sound very similar to REX’s offerings.

    As of Tuesday’s close, the REX share price was $1.58, 2.17% lower than its previous close.

    That’s a slightly worse performance than the broader market’s today. The S&P/ASX 200 Index (ASX: XJO) dropped around 0.2% on Tuesday. Meanwhile, the All Ordinaries Index (ASX: XAO) fell 0.3%.

    However, REX’s dip was in line with that of its peers. The Qantas Airways Limited (ASX: QAN) share price fell 1% while Flight Centre Travel Group Ltd (ASX: FLT) and Webjet Limited (ASX: WEB) dropped 1.3% and 2.4% respectively.

    Let’s take a closer look at the regional airline’s potential new competition.

    REX might soon face new competition

    The REX share price plunged lower today amid news Australia is set to get a new domestic airline.

    Bonza is set to be Australia’s second budget airline after Qantas’ Jetstar. Though, its launch is still subject to regulatory approvals.

    Like REX, the airline won’t be offering any international flights. Although, exactly where it will be flying remains a mystery. Bonza is currently in talks with airports around the country to finalise its offered routes.

    And, according to reporting in Executive Traveller, the airline will be avoiding the country’s most popular flight paths.

    Unlike most airlines, routes between Melbourne, Sydney, and Brisbane won’t be a focus of the airline. Instead, Bonza will reportedly be encroaching on REX’s turf, offering flights to “regional leisure destinations”.

    Additionally, the publication states Bonza will be scrapping the luxuries of travel to focus on travellers seeking domestic holidays rather than the business travel market.

    Bonza customers won’t have access to airport lounges, reward systems, or business class.

    The new airline’s customers will be flying on Boeing 737-8 jets that can each seat 186 passengers. That’s 10 more seats than on REX’s largest plane.

    REX share price snapshot

    It’s hard to say whether news of Bonza’s planned launch affected the REX share price today. It’s been struggling on the ASX lately.

    REX’s stock has fallen 24% since the start of 2021. However, it’s trading for 13% more than it was this time last year.

    The post Regional Express (ASX: REX) share price slumps amid new regional competition appeared first on The Motley Fool Australia.

    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 nearly 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 August 16th 2021

    More reading

    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 shares of and has recommended Webjet Ltd. The Motley Fool Australia has recommended Flight Centre Travel Group 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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  • What’s with the Revasum (ASX:RVS) share price, up over 100% in a week?

    A person with a round-mouthed expression clutches a device screen and looks shocked and surprised.

    The Revasum Inc (ASX: RVS) share price was on fire today until giving back its gains and more.

    At one stage, the semiconductor company’s shares were up as much as 20% to a 52-week high of 87.5 cents. When the Revasum share price reached that level, it meant it had gained a remarkable 109% in the space of a week.

    The company’s shares ultimately ended the day almost 8% lower at 67 cents after it responded to an ASX Price and Volume Query.

    What’s happening with the Revasum share price?

    Judging by the rollercoaster ride that the Revasum share price was on today, it appears as though investors were speculating on some big news being announced.

    However, in response to its ASX Price and Volume Query, the company said it was not aware of any information that has not been announced to the market which could explain the recent trading in its shares.

    Management suggested the gains may have been caused by recent media coverage featuring an interview with its new CEO, Rebecca Shooter-Dodd.

    Other than that, there hasn’t a major announcement out of the company in a month.

    What was the last announcement?

    That last market sensitive announcement was the release of an investor update in September.

    That update provided investors with a breakdown on its performance in FY 2021 and its market opportunity.

    In respect to the latter, management advised that the Silicon Carbide (SiC) market is growing rapidly and is expected to be worth US$2.56 billion by 2025. This compares to US$541 million in 2019 and is being driven largely by the electric vehicle industry.

    Revasum designs and manufactures capital equipment for substrate conditioning and device manufacturing in the global semiconductor industry with a strategic focus on the SiC market. In light of this, investors appear to believe it is well-placed to benefit from this increasing demand.

    Time will tell if that is the case.

    The post What’s with the Revasum (ASX:RVS) share price, up over 100% in a week? appeared first on The Motley Fool Australia.

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

    Before you consider Revasum, 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 Revasum wasn’t one of them.

    The online investing service he’s run for nearly 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 August 16th 2021

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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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  • Here are the top 10 ASX shares today

    Top 10 ASX today

    Today, the S&P/ASX 200 Index (ASX: XJO) experienced weakness, moving to the downside. The benchmark index fell 0.43% lower to 7,268.2 points.

    Dragging the index lower — energy, tech, and utilities sectors tumbled more than 1%. Meanwhile, the healthcare sector was the only one that managed to finish in the green on Tuesday. This was largely aided by a 2% gain in the CSL Limited (ASX: CSL) share price.

    However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the ten stocks that rose to the occasion:

    Top 10 ASX shares countdown today

    Looking at the top 200 listed companies, Zimplats Holdings Ltd (ASX: ZIM) was the biggest gainer today. Shares in the platinum miner added 6.06% as the price of the industrial metal climbs. Find out more about Zimplats Holdings here.

    The next biggest gaining ASX share today was Sims Ltd (ASX: SGM). The metals recycling company gained 4.85% despite no announcements. Uncover the latest Sims details here.

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

    ASX-listed company Share price Price change
    Zimplats Holdings Ltd (ASX: ZIM) $21.70 6.06%
    Sims Ltd (ASX: SGM) $13.62 4.85%
    Alumina Ltd (ASX: AWC) $2.25 4.65%
    IDP Education Ltd (ASX: IEL) $34.86 3.57%
    Netwealth Group Ltd (ASX: NWL) $14.10 3.15%
    CSL Limited (ASX: CSL) $293.79 2.19%
    Bluescope Steel Ltd (ASX: BSL) $21.265 2.14%
    AMP Ltd (ASX: AMP) $1.1275 2.04%
    Mercury NZ Ltd (ASX: MCY) $6.08 1.84%
    Pro Medicus Ltd (ASX: PME) $52.08 1.70%
    Data as at 3:49pm AEDT

    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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    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 August 16th 2021

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    Motley Fool contributor Mitchell Lawler owns shares of Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd., Idp Education Pty Ltd, Netwealth, and Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Netwealth and 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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