The S&P/ASX 200 Index (ASX: XJO) fell 0.1% today to 7,527 points.

Here are some of the highlights from the ASX:

Metcash Limited (ASX: MTS)

Metcash gave an update for the first 16 weeks of FY22 to 15 August 2021. The ASX 200 company said that trading has continued to be strong in all pillars and “well above” pre-COVID levels in FY20.

There were a few drivers of this trading, including more local neighbourhood shopping and consumers moving from the city to regional areas.

Metcash told the market that total food sales increased by 3.1% compared to the same period in FY20, though compared to FY21 food sales were down 7.4%.

Total liquor sales were 23.1% higher compared to the same period in FY20 and 9.5% higher compared to FY21.

The total hardware sales increased 37.8% compared to the same period in FY20 and were 16.3% higher compared with the same period in FY21. Strong demand is continuing to put pressure on stock availability, particularly timber.

Metcash also said that its store networks have improved competitiveness because of its MFuture program which aims to improve the performance of the ASX 200 business.

4DMedical Ltd (ASX: 4DX)

4DMedical announced today that it has successfully completed phase one of its clinical pilot program with Australia’s leading medical imaging provider, I-MED Radiology Network.

This pilot provided I-MED radiologists with the ability to use XV lung ventilation analysis software in patient settings to provide insights into patient care.

The company said that the phase one pilot received “overwhelmingly positive” feedback from radiologists and patients.

The software was used on various respiratory diseases, including asthma, chronic obstructive pulmonary disease, bronchiectasis, sarcoidosis, silicosis and long COVID.

Phase two will be completed over the remaining year to assess a potential commercial partnership.

4DMedical said that while the partnership is not generating revenue at this stage, it’s aiming to secure a contract with I-MED provided that phase two is successful.

The 4DMedical share price fell by 4% today.

EBOS Group Ltd (ASX: EBO)

The EBOS Group share price edged lower today after announcing that it had completed the purchase of Sentry Medical. This acquisition is a designer, marketer and distributor of a broad range of medical consumable products, including its own brands and agency brands.

Sentry is based in Australia and supplies customers including wholesalers, hospitals, general practitioners, dental surgeries, aged care facilities, pharmacies, government agencies and vet clinics.

EBOS said this acquisition will further strengthen its presence in the distribution of medical consumables to the institutional healthcare market, which is a growing business for EBOS.

The post ASX 200 falls, Metcash down, 4DMedical drops appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares were the most heavily traded on Wednesday
• ASX shares and the $41 trillion climate change investment opportunity
• Here are the top 10 ASX 200 shares on Wednesday
• ASX 200 company bosses lobby for reopening plan
• Woodside (ASX: WPL) share price leads ASX 200 energy sector giants on Wednesday

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 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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Are you interested in adding some more ASX shares to your portfolio?

Three ASX shares that could be worth considering this month are listed below. Here’s what you need to know about them:

Altium Limited (ASX: ALU)

The first ASX share to look at is Altium. It is an award-winning printed circuit board (PCB) design software provider. It could be worth considering due to its leading position in a market exposed to the Internet of Things and artificial intelligence booms. The proliferation of electronic devices is expected to lead to increasing demand for its software over the next decade.

This morning Citi upgraded its shares to a buy rating with a $35.40 price target. This compares to the latest Altium share price of $29.95

Appen Ltd (ASX: APX)

Another ASX share to consider is Appen. It has a million-plus team of crowd sourced experts preparing the data that goes into artificial intelligence and machine learning models. It does this for some of the biggest tech companies in the world such as Google and Facebook. While demand has been subdued recently and led to Appen falling short of expectations in the first half of FY 2021, it has been tipped to bounce back strongly. Especially given how the artificial intelligence and machine learning markets have been tipped to grow materially in the future.

Citi remains positive on the company. It has a buy rating and $18.80 price target on its shares. This compares very favourably to the current Appen share price of $10.53.

Cochlear Limited (ASX: COH)

A final ASX share to look at is Cochlear. It is one of the world’s leading hearing solutions companies and has a long track record of delivering earnings growth. While the pandemic was weighing on its performance, it has bounced back strongly recently. Looking longer term, the company appears well-placed for growth over the next decade. This is thanks to the ageing populations tailwind and its industry leading products.

Macquarie is very positive on the company’s long term outlook. It has an outperform rating and $256.00 price target on its shares. The Cochlear share price is currently fetching $231.30.

The post 3 fantastic ASX shares that could be buys appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy today
• Brokers give their verdict on the Altium (ASX:ALU) share price
• ASX 200 midday update: Metcash update, Wesfarmers goes ex-div
• August wasn’t a great month for the Cochlear (ASX:COH) share price
• Here’s what this top broker thinks of the Altium (ASX:ALU) share price

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium, Appen Ltd, and Cochlear Ltd. The Motley Fool Australia owns shares of and has recommended Altium and Appen Ltd. The Motley Fool Australia has recommended Cochlear 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 Flight Centre Travel Group Ltd (ASX: FLT) share price rose by 3% today.

COVID-19 continues to cause major disruption to domestic and international travel.

However, there may be light at the end of the travel tunnel with the New South Wales Premier Gladys Berejiklian making comments about when the state will start welcoming international travellers.

According to reporting by The Guardian, when asked about whether the state would allow vaccinated Australians to come home from overseas for Christmas, Ms Berejiklian said:

If they are double dosed vaccinated, I think home quarantine is a definite. The traditional hotel quarantine system is no longer relevant when you have 80% of your population double vaccinated.

And it’s no longer relevant when the key issue is rates of vaccination. So things will look different.

And as I said if other states aren’t ready to welcome home Aussies at 80% double dose New South Wales will be.

And if means more citizens come through to the Sydney airport so be it, the more flights, the better. But obviously we’re working through those issues and discussing them at national cabinet and with the Prime Minister.

On top of that, The Guardian also reported that the Prime Minister Scott Morrison has commented:

In states that aren’t locking others out … there will be the opportunity for people to go and travel and return to Australia and quarantine at home, and that people in those states who are overseas can come back to Australia.

The caps that are on flights coming into those places … that aren’t locking others out, they will be able to receive more and more, and that will be a big change.

What does this mean for the Flight Centre share price?

Investors have sent the Flight Centre market capitalisation 3% higher than it was yesterday as it seems the business now has a target to work towards when it comes to international borders starting to open.

Flight Centre itself has said that it’s targeting a return to monthly profitability in both corporate and leisure during FY22. This relies on vaccine efficacy as well as governments opening borders and keeping them open.

The company previously said that had experienced strong and immediate rebounds after travel restrictions are lifted.

To reach break-even, the company needs to generate around half of its pre-COVID total transaction value (TTV) an 40% of its leisure pre-COVID TTV.

The post Flight Centre (ASX:FLT) share price lifts 3% as NSW targets November international travel appeared first on The Motley Fool Australia.

More reading

• ASX 200 midday update: Metcash update, Wesfarmers goes ex-div
• These are the 10 most shorted ASX shares
• ASX 200 Weekly Wrap: A mixed bag of earnings dominates ASX
• These were the best performing ASX 200 shares last week
• It has been a great week for the Webjet (ASX:WEB) share price

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 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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The S&P/ASX 200 Index (ASX: XJO) is having a bit of a down day on the share markets this Wednesday. At the time of writing, it looks as though the ASX 200 is set to end the trading day down 0.12% at 7,525 points. Rather than dwelling on that figure, let’s instead check out the ASX 200 shares that were the most heavily traded today.

3 heavily traded ASX 200 shares on Wednesday.

Alumina Limited (ASX: AWC)

Alumina and aluminium producer Alumina is our first ASX 200 share to check out today, with an impressive 22.65 million shares having swapped hands today. That’s despite the absence of any major news or announcements from the company today.

In saying that, we are saw some fireworks with the Alumina share price this Wednesday. AWC shares finished the day up a healthy 4.49% to $1.86 apiece. It’s probably this strong buying pressure that is resulting in such high trading volume with this company today.

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is next up on our list today. This telco has also not given anything away today. However, the Telstra share price is also on fire (although not quite as enthusiastically as Alumina’s). Telstra shares finished the day up a robust 1.30% to $3.89 at the time of writing. This is probably why we saw a high volume of Telstra shares, specifically 21.22 million, change hands today. 

Spark Infrastructure Group (ASX: SKI)

Our final and most traded ASX 200 share today is ASX renewables share Spark Infrastructure. This Wednesday saw a sizable 39.07 million Spark shares bought and sold.

Strangely, this is despite an absence of any major news or announcement out of the company. Or a major change to the Spark share price for that matter. Spark shares finished the day at $2.83 a share. However, they did dip to $2.80 earlier in the day, which might be the reason why we are seeing more shares trade than usual. Still, this is certainly a strange case to finish on!

The post These 3 ASX 200 shares were the most heavily traded on Wednesday appeared first on The Motley Fool Australia.

More reading

• ASX shares and the $41 trillion climate change investment opportunity
• Here are the top 10 ASX 200 shares on Wednesday
• Telstra (ASX:TLS) share price rises on official Amplitel launch
• ASX 200 company bosses lobby for reopening plan
• Woodside (ASX: WPL) share price leads ASX 200 energy sector giants on Wednesday

Motley Fool contributor Sebastian Bowen owns shares of Telstra 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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Minbos Resources Ltd (ASX: MNB) share price was among the best performers on the Australian share market on Wednesday.

The phosphate ore developer and explorer’s shares rocketed as much as 41% to a multi-year high of 15.5 cents.

The Minbos Resources share price ultimately ended the day 23% higher at 13.5 cents.

Why did the Minbos Resources share price rocket higher?

Investors were bidding the Minbos Resources share price higher today following the release of an event presentation.

That presentation provides investors with a summary of the company’s operations, plans, and industry trends.

According to the release, the company is aiming to build a high-impact nutrient production and distribution business for Central Africa.

It is hoping to achieve this with its Cabinda Phosphate Project in Angola. At a recent showcase event, this project was affirmed as a Project of National Importance to Angola and the wider Economic Community of Central African States (ECCAS) Region.

This partly due to the International Fertilizer Development Center (IFDC) forecasting the Angolan fertiliser market to grow 10x in the future. Furthermore, over a 10-year period, the IFDC expects Minbos’ and the AFFPP to create 20,000 jobs in fertilizer distribution and agribusiness for a total economic value of more than US$2 billion.

Management commentary

Minbos Resources’ CEO, Lindsay Reed, recently commented: “What is now clear from subsequent meetings, was that that our showcase was a watershed moment for the Company and the Project, a moment for which Government support coalesced behind both our plans and that of the AFFPP. It’s now clear that Minbos has the support of the Government to produce not only Rock Phosphate Fertilizer, but to execute a range of Agri-business opportunities.”

“Through all of the challenges that developing a project during a pandemic has thrown-up, it’s clear that our Project and that of our project partners at the IFDC are having a real impact and gaining real momentum. On behalf of the Board of Minbos, we thank all of the various stakeholders representatives for their attendance as we look forward to being a part of Angola’s growth story, one of the most compelling agricultural stories globally,” he added.

The Minbos Resources share price is now up 240% in 2021.

The post Why the Minbos Resources (ASX:MNB) share price rocketed 41% higher appeared first on The Motley Fool Australia.

More reading

• Minbos Resources (ASX:MNB) share price pushes higher on project update

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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Climate change is an issue front of mind for many these days. Even companies are now viewing it as a credible risk to our way of life. ASX shares are likely to be impacted by climate change, but it could also reap huge benefits for companies working towards net zero emissions.

At present, the endeavour to decarbonise the planet comes with an estimated $41 trillion bill. To put that into perspective, that is roughly twice the annual gross domestic product (GDP) of the United States. The sheer scale of this mission could present an opportunity that has not been witnessed since the internet.

An opportunity heating up

The latest Intergovernmental Panel on Climate Change (IPCC) report, released in August, has brought increased attention to the severity of consequences from climate change. In particular, ASX shares exposed to coal mining, oil drilling, and gas extraction bore the brunt of negativity from the report – including comments that such industries could face even tighter restrictions.

Furthermore, the studies published in the report showed that global temperatures were likely to increase 1.5 degrees Celsius by 2030 without action. Understandably, there is a large push to fund initiatives to ensure this is not the case.

Enter the ESG players, committed to environmental, social and governance goals. The question is exactly how big could this ESG sector become? Well, one portfolio manager has deemed it the next big mega-trend.

In an interview with The Australian Financial Review, portfolio manager at Munro Partners James Tsinidis stated:

Climate change is the next major mega-trend, and we believe it represents the biggest investment opportunity since the internet. We’re just at the beginning of the next big S-curve, a massive and sustainable decades-long growth trend.

Opportunity for ASX shares

The risks posed by climate change have moved to the front of minds and pitch decks in recent years. According to Macquarie Group, 38% of S&P/ASX 200 Index (ASX: XJO) companies now have net zero emissions targets. The portfolio manager believes the sizeable expenditure expected puts ESG-centred shares in good stead.

Out of the $41 trillion, about 25% is anticipated to be spent on energy efficiency. Meanwhile, 18% is slated to be allocated towards renewable energy. Some ASX-listed shares in this sector include Infratil Ltd (ASX: IFT), Mercury NZ Ltd (ASX: MCY), and Genex Power Ltd (ASX: GNX).

Adding to this belief, BlackRock’s Wei Li mentioned the shift towards sustainable investing is still early in the piece. Moreover, Li said, “We expect green assets that are likely to benefit from the transition to a low-carbon economy to outperform during this shift.”

The post ASX shares and the $41 trillion climate change investment opportunity appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares on Wednesday
• ASX 200 company bosses lobby for reopening plan
• Woodside (ASX: WPL) share price leads ASX 200 energy sector giants on Wednesday
• Top broker picks best ASX 200 bank shares to buy coming out of reporting season
• Why the Rio Tinto (ASX:RIO) share price is down 17% in a month

Motley Fool contributor Mitchell Lawler owns shares of Genex Power 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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The Woodside Petroleum Limited (ASX: WPL) share price climbed 1.28% on Wednesday to $19.74, as it put a disappointing month to bed.

Shares in the Aussie energy giant slumped 12% over August in a busy month for the company.

So, what’s driving the Aussie petroleum share price right now and what lies ahead in 2021 and beyond?

Why the Woodside share price fell 12% in August

Woodside closed at $19.49 per share on Tuesday — 11.97% lower compared to its closing price on Monday 2 August.

The biggest slide came on either side of the group’s 2021 half-year (1H 21) results released on 18 August.

Woodside reported a $317 million net profit after tax following a 31.3% jump in operating revenue to $2.5 billion.

Investors will receive an interim dividend of US 30 cents per share after Woodside generated US$311 million in free cash flow.

The Woodside share price was volatile in August but ultimately closed the month down 12%.

Underlying the half-year result was the merger speculation with BHP Group Ltd (ASX: BHP)’s petroleum division.

That speculation was proved to be true as Woodside and BHP unveiled a plan to create a top 10 independent, global energy company. The merged entity will focus on creating a high margin oil portfolio alongside long-life, high-quality liquid natural gas (LNG) assets.

What’s next for Woodside?

The merger plan looks set to dominate Woodside’s plans in the near term. Existing Woodside shareholders are set to hold a 52% stake in the merged business with 48% held by BHP shareholders.

The Woodside share price remains down 14.4% in 2021 after a busy August earnings season.

Rising oil prices helped boost the energy giant’s shares on Wednesday, and investors will be hoping that continues for the rest of FY21.

The Aussie energy giant has commenced the sell-down of its Pluto Train 2 development and is approaching a final investment decision on its Scarborough development.

Woodside also stands to benefit from higher demand for energy as Australia and the world turns their attention to reopening and moving past tight COVID-19 restrictions in 2021 and 2022.

The post The Woodside (ASX:WPL) share price dropped 12% in August. What’s next? appeared first on The Motley Fool Australia.

More reading

• Woodside (ASX: WPL) share price leads ASX 200 energy sector giants on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• Woodside (ASX:WPL) share price struggles despite rise in oil price
• ASX 200 Weekly Wrap: A mixed bag of earnings dominates ASX
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Ken Hall 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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Today, the S&P/ASX 200 Index (ASX: XJO) inched lower after climbing upwards from its early morning fall. The benchmark index finished 0.1% lower to 7,527.1 points. Consumer discretionary and staples were the laggards of the session, with Wesfarmers Ltd (ASX: WES) and Endeavour Group Ltd (ASX: EDV) diving downwards today.

However, the question is: which shares from the top 200 delivered the most green on the ASX today? Here are the ten stocks that delivered the biggest gains while the market fell:

Top 10 ASX 200 shares countdown today

Looking at the top 200 listed companies, Dicker Data Ltd (ASX: DDR) was the biggest gainer today. Shares in the tech distribution company increased 5.6% despite no news. Find out more about Dicker Data here.

The next best performing ASX share out of the top 200 today was Alumina Ltd (ASX: AWC). The miner’s shares rallied 4.78% to $1.865 today, once again with no announcements. Uncover the latest Alumina information here.

Today’s top 10 biggest gains were made in these ASX 200 shares:

ASX-listed company	Share price	Price change
Dicker Data Ltd (ASX: DDR)	$13.42	5.59%
Alumina Ltd (ASX: AWC)	$1.865	4.78%
Yancoal Australia Ltd (ASX: YAL)	$2.26	4.63%
Technology One Ltd (ASX: TNE)	$10.30	4.25%
Skycity Entertainment Group Ltd (ASX: SKC)	$3.20	3.90%
Link Administration Holdings Ltd (ASX: LNK)	$4.53	3.66%
Whitehaven Coal Ltd (ASX: WHC)	$2.61	3.16%
IDP Education Ltd (ASX: IEL)	$29.69	3.02%
Qantas Airways Ltd (ASX: QAN)	$5.24	2.95%
Flight Centre Travel Group Ltd (ASX: FLT)	$16.89	2.93%

Our top 10 ASX 200 shares 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 200 shares on Wednesday appeared first on The Motley Fool Australia.

More reading

• ASX 200 company bosses lobby for reopening plan
• Which shares on the ASX 300 are on the move today?
• Woodside (ASX: WPL) share price leads ASX 200 energy sector giants on Wednesday
• Top broker picks best ASX 200 bank shares to buy coming out of reporting season
• Why BlueBet, Dicker Data, Immutep, & Sandfire are charging higher

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. owns shares of and has recommended Dicker Data Limited, Idp Education Pty Ltd, and Link Administration Holdings Ltd. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Link Administration Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Digital Wine Ventures Ltd (ASX: DW8) share price spent most of today in the red, despite no news having been released by the company.

However, it did announce its earnings for financial year 2021 (FY21) yesterday.

Luckily, the wine distributor’s shares recovered in the nick of time. The Digital Wine share price finished the day trading at 6.4 cents, flat with its previous close.

Let’s take a look at the latest news from Digital Wine.

Digital Wines share price flat despite posting 410% increase to income

Here’s how the wine distributor performed during FY21:

• $2.6 million of revenue, 410% greater than that of FY20
• Net loss after tax of $6.9 million, a 240% great loss than the company reported for  the prior financial year
• Gross profit of $19,414

According to the company, its net loss for FY21 was intensified by the expansion of its WINEDEPOT business and employee share options.

Over the period, Digital Wine’s assets increased by $8.3 million to reach $8.8 million worth, mostly due to a capital raise.

The company shipped 204,962 cases of wine in FY21. That’s 761% more than it did the prior financial year.

The company ended the period with $6.3 million of cash.

What happened in FY21 for Digital Wine?

It’s been a busy year for Digital Wine and its share price.

Digital Wine underwent a $6.15 million capital raising in July 2020.

The company signed up its first French winery and, in doing so, expanded its addressable market early in FY21.

It also announced it would make credit as a service available within its direct-to-trade marketplace.

Additionally, Digital Wine partnered with Earlypay Ltd (ASX: EPY) to launch a payment management system for its wholesale customers and with Zip Co Ltd (ASX: Z1P) to offer a buy now, pay later solution.

It finalised its plan to roll out a national network of temperature-controlled depots and expand its delivery fleet to ready itself for expected growth. Digital Wine later partnered with Direct Couriers to develop a dedicated delivery fleet for its wine.

It agreed to acquire Wine Delivery Australia, which Digital Wine expected to increase its customer database by 186 suppliers. Digital Wine also expanded its addressable market by providing wineries the ability to list their products across a broad range of direct-to-consumer sales channels and allowed corporate small-to-medium enterprises and registered businesses to purchase wine on a membership model.  

It also partnered with Vivino, the world’s largest wine app and marketplace, and Bibendum, a fine wine and beverage distributor. Additionally, Digital Wine signed a memorandum of understanding with eBay. The company also added Amazon.com, Inc. (NASDAQ: AMZN) to the list of direct-to-customer channels serviced by Digital Wine’s WINEDEPOT DIRECT

It also allowed its shareholders to buy its products at better prices through its ‘Insider Trading’ wine club.

Finally, Digital Wine obtained official climate neutral status from Leaders for Climate Action.

What did management say?

Digital Wine’s chair, Paul Evans, commented on the results that didn’t manage to spur much excitement for the company’s share price. He said:

It has been a year of further strong growth. We have accelerated organic growth in our WINEDEPOT LOGISTICS platform…

Our sales pipeline remains strong, notwithstanding a challenging environment for many of our customers stemming from the COVID-19 pandemic, specifically the constraints on winery visitation and forced closures for on-premise operations…

The Company in a strong liquidity position and has the resources to execute its vision. We continue to consider a range of merger and acquisition opportunities. The key principles that must drive these is that they will either add value to our customer experience and/or drive efficiencies and scale in our core business.

What’s next for Digital Wine?

Here’s what those interested in the Digital Wine share price might want to keep an eye out for in FY22.

The company commented in its FY21 results that it expects to ship 1 million cases of wine in FY22. That would be a notable milestone that might have an effect on the Digital Wine share price.

Additionally, the company plans to develop WINEDEPOT’s presence in Australia and New Zealand for the time being. Though, it eventually hopes to expand into other key markets.

In the future, Digital Wine might be updating the market on launches in the United States, the United Kingdom, Canada, Europe, Hong Kong, and Singapore.

Digital Wine share price snapshot

The Digital Wine share price has gained 60% year to date. It is also, coincidently, 60% higher than it was this time last year.

The post Why the Digital Wine (ASX: DW8) share price wobbled today appeared first on The Motley Fool Australia.

More reading

• The Digital Wine (ASX:DW8) share price storms 8% higher

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended eBay and has recommended the following options: long January 2022 $1,920 calls on Amazon, short January 2022 $1,940 calls on Amazon, and short October 2021 $70 calls on eBay. The Motley Fool Australia has recommended Amazon. 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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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large number of broker notes this week.

Three broker buy ratings that have caught my eye are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

Altium Limited (ASX: ALU)

According to a note out of Citi, its analysts have upgraded this electronic design software company’s shares to a buy rating with a trimmed price target of $35.40. Citi believe the weakness in the Altium share price following its results release is a buying opportunity for investors. Particularly given its solid guidance for FY 2022 and long term growth potential. The Altium share price is trading at $29.95 on Wednesday.

NEXTDC Ltd (ASX: NXT)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and lifted their price target on this data centre operator’s shares to $15.50. Although NEXTDC fell a touch short of expectations in FY 2021, Morgan Stanley remains very bullish on its long term growth potential. This is due to structural tailwinds in the industry. All in all, the broker expects this to lead to a compound annual growth rate of 27% for its earnings over the next three years. The NEXTDC share price was fetching $13.34 today.

Webjet Limited (ASX: WEB)

Analysts at Macquarie have retained their outperform rating and lifted their price target on this online travel agent’s shares to $6.45. This follows the release of a trading update which revealed that its key WebBeds business reached profitability again in July. Macquarie sees this as a big positive and also expects a sharp rebound in bookings once lockdowns ease and border restrictions are lifted. The Webjet share price is trading at $5.74 on Wednesday.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• Brokers give their verdict on the Altium (ASX:ALU) share price
• ASX 200 midday update: Metcash update, Wesfarmers goes ex-div
• Top ASX shares to buy in September 2021
• ASX 200 rises, Harvey Norman falls, Mesoblast sinks
• Here’s what this top broker thinks of the Altium (ASX:ALU) share price

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium 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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