The Telstra Corporation Ltd (ASX: TLS) share price will be one for investors to watch this morning.

This follows the release of an announcement relating to its 5G leadership position.

What did Telstra announce?

This morning the telco giant announced that it has secured 1000 MHz in the 26 GHz spectrum auction.

According to the release, Telstra is investing $277 million for this additional spectrum, which it expects to further extend its leadership in 5G now and into the future. The company advised that it will be paying for the spectrum in five equal annual instalments.

Positively, Telstra revealed that it secured the spectrum in all major capital cities and regional areas where it was sold.

The company’s CEO, Andrew Penn, believes the new mmWave spectrum will dramatically increase capacity and speeds for customers, building on the “already superior 5G experience Telstra provides across the country.”

Mr Penn said: “High speed connectivity is critical to Australia’s future prosperity and our aspirations to be a world leading digital economy. It has become central to all of our lives – the way we live, work, keep ourselves entertained and stay connected, and more and more 5G will be at the heart of that.”

What is mmWave spectrum?

Mr Penn explained that mmWave spectrum is particularly good at providing high-speed mobile broadband in high-density areas. This includes built up cities and towns, train stations, sport stadiums and other locations with a high concentration of people using their mobile devices.

He added: “Imagine watching the Grand Final at the Melbourne Cricket Ground, with your 5G-powered augmented reality goggles overlaying real time player stats, all at the same time as thousands of others are enjoying the game alongside you – that’s the immense bandwidth and speed that mmWave can offer.”

Telstra has already been testing the technology and reported excellent results.

“Telstra has been testing mmWave at a number of sites for some time, achieving a record peak download speed of 5 Gbps in a test earlier this year. We launched our first mmWave-compatible device in May 2020 and we are working closely with global device manufacturers to bring more mmWave-capable devices to market this calendar year,” Mr Penn commented.

The release explains that Telstra’s 5G network now covers almost two-thirds of the Australian population and is on track to reach 75% by the end of June.

Furthermore, there are now more than 3,200 Telstra 5G sites on-air in more than 160 cities and towns, and 5G coverage is available in more than 2,450 suburbs across the country.

The Telstra share price is up 13% in 2021. Investors will no doubt be hoping this announcement take it even higher.

More reading

• Why I love Telstra (ASX:TLS) shares right now: fundie
• Can 5G boost the Telstra (ASX:TLS) share price?
• 2 ASX dividend shares with fully franked yields of almost 5%
• Why the Telstra (ASX:TLS) share price is a buy today
• ASX 200 Weekly Wrap: ASX 200 hits new post-COVID high

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra 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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Chalice Mining Ltd (ASX: CHN) shares were on fire yesterday. At one point during intraday trade, shares in the mining company were trading at a record $6.73. By the market’s close, however, the Chalice Mining share price had retreated to $6.65 — still up 8.13% on the prior session.

By comparison, the S&P/ASX 200 Index (ASX: XJO) closed Thursday’s session 0.83% higher.

Yesterday’s record-breaking day came after the company reported “significant new results” from one of its mines.

Let’s take a closer look at the news.

What boosted the Chalice share price?

In a statement to the ASX, Chalice Mining advised it has made further major finds at its Julimar Nickel-Copper, Platinum Group Element (PGE) Project in Western Australia. In the release, the company said it intersected 165 new, high-grade mineralised areas with at least 1 gram of palladium per tonne. The most prominent highlights included:

• A 13.4m wide ore with 6.3g per tonne of palladium, 1.1g per tonne of platinum, 1.3% nickel, 0.7% copper, and 0.07% cobalt.
• A 13m wide ore with 4.7g per tonne of palladium, 1.0g per tonne of platinum, 0.4g per tonne of gold, 0.2% nickel, 2.2% copper, and 0.02% cobalt.
• A 12m wide ore with 2.6g per tonne of palladium, 1.4g per tonne of platinum, 0.8g per tonne of gold, 0.2% nickel, 0.9% copper, and 0.01% cobalt.

Investors seemed to agree with the significance of the results, judging by the Chalice share price moves.

Management commentary

Chalice managing director Alex Dorsch called the discoveries “world-class”, saying:

Even after 87,000m over more than 13 months of continuous drilling, we continue to expand of the footprint of our major Julimar discovery; a quite remarkable result that demonstrates the potential world-class nature of the discovery.

He went on to add:

Given the continued expansion of the Gonneville deposit [located within the project], in particular the growth of the high-grade zones, the quantum of drilling required to define the maiden Mineral Resource is likely to grow. We are now anticipating resource definition drilling will continue into Q3 2021 and the maiden Mineral Resource will be released in late Q3 2021.

Copper, gold, and PGE commodity prices

According to the website Trading Economics, at the time of writing, copper is selling on the open market for US$4.27 per pound. Gold is trading at US$1,791.13 per troy ounce, platinum is US$1,210.19 per troy ounce, and palladium is US$2,871.20 per troy ounce.

Respectively, these metals have changed in value by 21.2%, -5.54%, 13.5%, and 17.31% since the beginning of this year. These mostly positive trends seem to be good news for the Chalice share price, which is up almost 55% over the same period.

Copper is expected to continue rising into the future as the economy improves and demand for renewable energy rises. Many expect PGE metals to follow, as they are also essential to renewable technology. Gold, on the other hand, generally has an inverse relationship to the economy. As GDP grows, in theory, gold prices should fall.

Smaller amounts of cobalt were also highlighted in this week’s announcement from Chalice. Cobalt is currently trading for US$49,750.00 per tonne and is up 54.55% in 2021.

Chalice share price snapshot

Over the past 12 months, the Chalice share price has increased by around 530%. An announcement regarding the expansion of the company’s Julimar mine on Monday also saw its share price increase.

Chalice Mining has a market capitalisation of $2.3 billion.

More reading

• Why has the Lithium Australia (ASX:LIT) share price plunged 7% today?
• Chalice (ASX:CHN) share price rises after latest update
• Why the Chalice Mining (ASX:CHN) share price has grown 51% in a month

Motley Fool contributor Marc Sidarous 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 fund manager Ben Griffiths believes that the ASX share bull market we’re currently seeing could go on longer than some investors are expecting.

Mr Griffiths published an article on Livewire Markets discussing his latest thoughts and some of the recent moves by the fund.

Why could the bull market go on longer for ASX shares?

The fund manager pointed out that cheap money and lots of liquidity are key reasons why the ASX share market is generating so much growth. But he commented that there are quite a few late cycle markers beginning to emerge. He pointed to the GameStop situation and the growth of special purpose acquisition companies (SPAC) as markers.

Those SPACs, which are outlawed in Australia, raised US$100 billion in the three months to March 2021 in the US, which was roughly equivalent to what was raised in the whole of 2020.

Discussing which phase of the market the ASX share market is in right now, Mr Griffiths said:

Stocks have shifted to Sir John Templeton’s 4th quadrant market stage-Euphoria (Pessimism-Scepticism-Optimism-Euphoria). Problematic? Eventually but I contend that markets can remain this way for some time. It should be noted that credit markets (including CDS pricing) remain benign and the VIX futures curve remains in clear contango.

He went on to comment on the smaller end of the ASX share market:

Investors need to appreciate that the Small resources subset of stocks is at the early stages of an unfolding rally whilst their industrial brethren appear unstoppable and about 7% shy of their all-time highs.

Which ASX shares have the Eley Griffiths funds been buying and selling?

Pro Medicus Ltd (ASX: PME)

The healthcare technology business has been a recent addition to the portfolio.

Mr Griffiths acknowledged that it’s an expensive stock but with a 20% compound annual growth rate of revenue over the next five years and earnings before interest and tax (EBIT) margins of around 60%, it was worth it to buy the business according to the fund manager.

Pentanet Ltd (ASX: 5GG)

Pentanet is a newly-listed Perth telecommunications business where Eley Griffiths participated in the IPO. The former iiNet CEO is the current chair.

Eley Griffiths pointed out that it’s winning market share with high bandwidth fixed wireless technology called Terragraph. Capital is only employed when customers sign up. It also has a gaming opportunity with a partnership with NVIDIA, which will allow for multiple use of bandwidth within a single household and delivering high processing power to any laptop or standard PC.

Betmakers Technology Group Ltd (ASX: BET)

The fund manager sees a similar opportunity in Betmakers as Pointsbet Holdings Ltd (ASX: PBH).

Eley Griffiths believes that Betmakers has secured the perfect entry to sell the bookmaker and racing operator technology to US operators.

SportsTech is a business it acquired late last year, which has increased its presence to 36 states in the US and Mr Griffiths said that it’s the pre-eminent operational partner for US racing bodies.

Netwealth Group Ltd (ASX: NWL)

The fintech ASX share is a business that the fund has sold out of. It still thinks the thesis is compelling with growing market share and dissatisfied customers at legacy rivals who have been underinvesting in their products.

However, the fintech is looking to reprice its back book and it’s also looking to renegotiate its next deposit arrangement.

The fund manager wants to sit on the sidelines until there’s clarity on the above issues. Eley Griffiths is hoping for a better entry point in the future.

More reading

• Why brokers think these 3 top performing ASX 200 shares can beat the market
• The Betmakers (ASX:BET) share price is sliding today
• What happened with the Betmakers (ASX:BET) share price this week?
• What’s happening with the Pentanet (ASX:5GG) share price today?
• Why Ampol, Netwealth, Orocobre, & Race Oncology shares are storming higher

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Pointsbet Holdings Ltd and Pro Medicus Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Betmakers Technology Group Ltd. The Motley Fool Australia owns shares of Netwealth. The Motley Fool Australia has recommended Betmakers Technology Group Ltd, Pointsbet Holdings Ltd, 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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A dual listing could potentially be on the horizon for Afterpay Ltd (ASX: APT). Could this act as a catalyst to drive further gains for the Afterpay share price? 

What are the benefits of a dual listing? 

The main advantage of a dual listing is access to additional capital. This is why cash-hungry businesses such as Mesoblast Limited (ASX: MSB) and Piedmont Lithium Ltd (ASX: PLL) have successfully listed on both exchanges.

A dual listing also makes sense for companies that have operations in, or derive a significant proportion of their revenue from, the United States. In the case of Aussie biotech Mesoblast, the company’s treatments must be reviewed by the US Food and Drug Administration (FDA) for approval. And for Piedmont Lithium, its flagship lithium project is located in North Carolina with initial offtake agreements signed with local companies such as Tesla.

With that in mind, it does make sense for Afterpay to explore the potential for a dual listing since the US market has become the largest contributor to its business. Furthermore, additional funding may be required to help fuel Afterpay’s continued global growth. 

What about Zip’s dual listing rumours?

If this is all sounding somewhat familiar, that’s because a similar story was surrounding fellow buy now, pay later (BNPL) provider Zip Co Ltd (ASX: Z1P) earlier in the year. You may recall that Zip shares surged by as much as 20% on 8 February after rumours the company was exploring a potential dual listing in the US surfaced.

But the rise in the Zip share price has arguably been just a partial catch up against Afterpay’s monster valuation. Zip shares trade at approximately 29 times FY20 revenue, while Afterpay’s revenue multiple has ballooned to approximately 67. 

On 21 January, Zip co-founder Peter Gray told the Australian Financial Review that “even if you looked at us as a direct comparison to Sezzle, we would appear undervalued, and I think that one of the opportunities for us as we go to market this year is to bridge that valuation gap.”

Why a dual listing might not appear as glossy as it seems 

It might be worth taking a closer look at an already listed US BNPL share to gain an understanding of the sentiment for and performance of the sector in a different market. 

Affirm Holdings Inc (NASDAQ: AFRM), for example, is one of the top three largest BNPL players in the United States. Affirm listed on the Nasdaq on 13 January 2021 at a listing price of US$39 with a market capitalisation of approximately US$10 billion. 

It was then off to the races, with Affirm shares surging as high as US$146.90 by mid-February for a 277% return.

But following a tech-led selloff in late February, Affirm shares have never been able to fully recover, let alone keep up with the Nasdaq. Its shares breached the $100 level by late February, then slid back to the $80 mark by early March and briefly touched a record low of $63.02 on Tuesday this week. At these levels, Affirm trades at an FY20 revenue multiple of approximately 33. 

As Affirm continues to grind around record lows, one could argue that the US market is not particularly excited about its own born and bred BNPL player. What this means for the Afterpay share price should the company’s dual listing eventuate remains to be seen.

More reading

• Why Zip (ASX:Z1P) and this ASX growth share are rated highly
• Why your ASX 200 shares aren’t going up with the market 
• Is the Afterpay (ASX:APT) share price fully valued?
• Why Megaport, Pointerra, Regis Resources, & Zip are charging higher
• Top brokers name 3 ASX shares to sell today

Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Sezzle 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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If you’re wanting to take advantage of recent weakness in the tech sector, then you might want to look at the shares listed below.

These ASX tech shares come highly rated right now. Here’s why:

Appen Ltd (ASX: APX)

The first ASX tech share to look at is this global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence.

Appen works and has worked with some of the biggest tech companies in the world. This includes Facebook, Microsoft, and Apple. In respect to the latter, Appen helped with the development of its Siri smart assistant.

The company also has a strong position in the government sector thanks to its acquisition of Figure Eight. This is a big positive as governments across the world are investing billions into artificial intelligence.

And while demand has softened during the pandemic due to the postponement of many projects, it is expected to rebound strongly once the crisis passes.

One broker that is positive on Appen is Citi. It currently has a buy rating and $30.90 price target on its shares. This compares to the current Appen share price of $15.17.

Pushpay Holdings Group Ltd (ASX: PPH)

Another ASX tech share that is highly rated is Pushpay.

It is a payments company with a focus on the church market. Pushpay’s platform brings churches into the digital age with donation and community engagement solutions.

While Pushpay was already growing at a rapid rate before COVID-19, the pandemic has given its growth a lift over the last 12 months. This is due to the pandemic accelerating the digitisation of the church, leading to a surge in demand for its offering.

Whether or not this has pulled forward sales from future periods is difficult to say, so the company’s growth could potentially slow in FY 2022. But it certainly appears to be worth sticking with Pushpay due to its long term growth potential.

Especially given management’s bold aspirational targets. It is aiming to win a 50% share of the medium to large church market in the United States. This is estimated to be worth a massive US$1 billion in revenue. This is almost six times greater than the annualised revenue of US$85.6 million it delivered in the first half of FY 2021. 

Goldman Sachs is bullish on Pushpay. It has a conviction buy rating and a $2.59 price target on its shares. This compares to today’s Pushpay share price of $1.71.

More reading

• 2 stellar ASX shares growing rapidly
• 5 things to watch on the ASX 200 on Tuesday
• 3 of the best ASX shares to buy this month
• 2 ASX growth shares that could generate huge returns for investors
• 2 great ASX payment shares to buy

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 Appen Ltd and PUSHPAY FPO NZX. The Motley Fool Australia has recommended PUSHPAY FPO NZX. 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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More reading

• 2 exciting ASX tech shares that are highly rated by analysts
• Is the Blackmores (ASX:BKL) share price in the buy zone?
• 2 strong ASX 200 shares offering good income
• 2 growing ASX dividend shares for income investors
• 5 things to watch on the ASX 200 on Friday

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Kate O’Brien owns shares of Apple and Rio Tinto Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Alphabet (A shares), Alphabet (C shares), and Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), and Apple. 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 Blackmores Limited (ASX: BKL) share price was out of form on Thursday.

The health supplements company’s shares dropped 4.5% to $80.60.

Why did the Blackmores share price tumble lower?

Investors were selling the company’s shares yesterday following the release of its shareholder update.

While no sales or profit data was provided, the update did reveal that trading conditions remain tough.

This is due to pressures in the daigou channel because of COVID-19, a milder cold and flu season, and a shift in shopping trends.

Is this a buying opportunity?

Yesterday’s decline means the Blackmores share price is now trading 9% lower than its 52-week high.

However, one leading broker believes investors should be sitting tight and waiting for a better entry point.

According to a note out of Goldman Sachs, its analysts have retained their neutral rating and cut the price target on its shares to $74.80.

Based on the current Blackmores share price, this implies potential downside of over 7%.

What did Goldman say?

Goldman was happy with the progress of its expansion into India and its investment in digital and supply chain projects. It expects the latter to improve efficiency and drive gross margin improvements.

However, it has concerns over its short term performance.

Goldman said: “Short-term outlook remains uncertain due to ongoing discounting pressure in the market and uncertainty in travel recovery. Capital expenditure is expected to accelerate from 2H22. Dividend payout ratio target has been reduced to 30-60%. Overall, while longer-term growth and expansion opportunities look positive, we think short-term uncertainties remain material. We revise our FY22E and FY23E EBIT forecasts by -8.6% and -5.1% respectively/ Our revised 12m Target Price on BKL is A$74.80. We maintain our Neutral rating on BKL.”

Goldman isn’t the only broker that is unsure about Blackmores at present. On Thursday, Citi put a sell rating and lowly $59.20 price target on Blackmores’ shares. It has concerns over demand in the lucrative China market.

More reading

• 5 things to watch on the ASX 200 on Friday
• Why the Blackmores (ASX:BKL) share price is under pressure today
• A2 Milk (ASX:A2M) share price sours amid international student uncertainty
• Why Blackmores, Cleanspace, PointsBet, & Treasury Wine shares are sinking
• Top brokers name 3 ASX shares to sell today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores 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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There are some S&P/ASX 200 Index (ASX: XJO) shares that are strong and offer good levels of income.

In this environment where interest rates are so low, but the future is uncertain, it could be interesting to look at businesses offer solid yields:

Magellan Financial Group Ltd (ASX: MFG)

Magellan is a large funds management business with a market capitalisation of around $8.75 billion.

The fund manager is currently rated as a buy by Morgans, which has a price target of $58.26 on Magellan.

It’s expecting the funds management business to pay a partially franked dividend of $2.06 per share. That translates to a partially franked dividend yield of 4.25%. Magellan has been steadily growing its ordinary dividend as the funds management profit keeps growing.

In the FY21 half-year result the profit before tax and performance fees generated by the funds management business grew 8% to $256.2 million and the interim dividend went up 5% to $0.97 per share. The dividend also grew in FY20, despite all of the impacts of COVID-19.

In March 2021, the total funds under management (FUM) went up 5.4% to $106 billion, which can help drive underlying profit higher. It experienced net inflows of $206 million for the month.

Not only is the ASX 200 share growing its core funds management business, but it has been making investments itself into other private businesses to help generate long-term growth. Examples include Barrenjoey and Guzman y Gomez.

According to Morgans, the Magellan share price is valued at 21x FY21’s estimated earnings.

Wesfarmers Ltd (ASX: WES)

Wesfarmers is a business that has built a track record for paying dividends to shareholders. It had been steadily growing its dividend for a number of years prior to the the Coles Group Ltd (ASX: COL) divestment. Wesfarmers has continued to do well with its dividend.

In the FY21 half-year result the board decided to increase the interim dividend by 17.3% to $0.88 per share. That was supported by a 16.6% increase in continuing operations revenue to $17.8 billion and a 25.5% increase in continuing operations earnings per share (EPS) to $1.25 per share. This leaves plenty of the profit left in the hands of the business to invest for more growth.

A year ago the ASX 200 share was seeing a lot of growth for Bunnings and Officeworks as people invested in their homes with projects and ensuring they could continue to work or learn at home.

In the FY21 half-year result, those trends are continuing. Excluding Catch, online sales across the group more than doubled for the half. Including Catch, online sales were over $2 billion for the six-month period. Bunnings saw underlying earnings before tax increase by 35.8% to $1.275 billion, which is the key profit centre of Wesfarmers.

Growth of the dividend is expected for FY21. According to the estimates on Commsec, Wesfarmers is expected to pay a dividend of $1.76 per share in this financial year.

That translates to a fully franked dividend yield of 3.1%.

Retail sales growth is expected to moderate in the last few months of FY21 because of the strong sales in the early months of COVID-19 in 2020, particularly for Bunnings and Officeworks.

However, it’s pursuing other avenues of growth. It recently announced the joint approval of its final investment decision for the Mt Holland lithium project.

Management said the group will continue to develop and enhance the portfolio, building on its capabilities and platforms to take advantage of growth opportunities within existing businesses and to pursue investments and transactions that create value for shareholders over the long-term.

More reading

• 5 things to watch on the ASX 200 on Friday
• ASX 200 recovers, Redbubble sinks, Megaport jumps
• 2 high quality ASX shares for your retirement portfolio
• Wesfarmers’ (ASX:WES) Bunnings open to hosting COVID vaccine hubs
• What’s happening with the Wesfarmers (ASX:WES) share price today?

Motley Fool contributor Tristan Harrison owns shares of Magellan Financial Group. The Motley Fool Australia owns shares of COLESGROUP DEF SET and 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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One positive in this low interest rate environment is that the Australian share market is not short of options for income investors.

For example, the two ASX dividend shares listed below are all expected to provide generous yields to investors in 2021. Here’s why they could be top options for income investors:

Accent Group Ltd (ASX: AX1)

While the name Accent may not be familiar, the brands that it owns certainly will be. Accent is the retail conglomerate behind footwear brands including HypeDc, Platypus, and The Athlete’s Foot.

It has been growing its earnings and dividends at a strong rate in recent years and has been tipped to continue doing so in the years to come.

According to a note out of Bell Potter, its analysts have pencilled in dividends per share of 11.9 cents in FY 2021, 12.2 cents in FY 2022, and 12.9 cents in FY 2023. Based on the latest Accent share price, this equates to fully franked yields of 4.6%, 4.7%, and 5%.

Bell Potter currently has a buy rating and $2.65 price target on the company’s shares.

Coles Group Ltd (ASX: COL)

Another option to consider is Coles. It is of course one of the “big two” supermarket operators in Australia. It also has convenience and liquor stores.

Due to its strong market position, growing own brand offering, and focus on automation, the supermarket giant has been tipped to grow at a solid rate long into the future.

As a result, analysts at Goldman Sachs are forecasting dividends per share of 62 cents in FY 2021, 67 cents in FY 2022, and 73 cents in FY 2023. Based on the current Coles share price, this will mean attractive fully franked yields of 3.9%, 4.2%, and 4.6%, respectively, over the coming years.

Goldman Sachs currently has a buy rating and $20.70 price target on its shares. 

More reading

• Wesfarmers’ (ASX:WES) Bunnings open to hosting COVID vaccine hubs
• Coles (ASX:COL) share price rises on “supercharged” renewable targets
• 2 ASX dividend shares with fully franked yields of almost 5%
• Why Accent, Bank of Queensland, Freelancer, & Zip shares are pushing higher
• Why the Australian Primary Hemp (ASX:APH) share price is up 5%

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of COLESGROUP DEF SET. The Motley Fool Australia has recommended Accent Group. 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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On Thursday the S&P/ASX 200 Index (ASX: XJO) was back on form and charged notably higher. The benchmark index rose 0.8% to 7,055.4 points.

Will the market be able to build on this on Friday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market looks set to end the week on a disappointing note. According to the latest SPI futures, the ASX 200 is expected to open the day 24 points or 0.35% lower this morning. This follows a poor night of trade on Wall Street, which saw the Dow Jones, S&P 500, and Nasdaq all fall 0.9%. This follows reports that President Biden is eyeing a capital gains tax hike in the US.

Oil prices rebound

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) will be on watch after oil prices rebounded. According to Bloomberg, the WTI crude oil price is up 0.5% to US$61.63 a barrel and the Brent crude oil price is up 0.4% to US$65.57 a barrel. News that Libya is reducing production gave prices a lift.

Gold price softens

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a subdued finish to the week after the gold price softened. According to CNBC, the spot gold price is down 0.5% to US$1,784.30 an ounce. Positive economic data put pressure on the precious metal.

Blackmores rated as neutral

The Blackmores Limited (ASX: BKL) share price may be fully valued according to Goldman Sachs. This morning the broker responded to its shareholder briefing by reaffirming its neutral rating and cutting its price target on the health supplements company’s shares to $74.80. Goldman notes that its short-term outlook remains uncertain due to ongoing discounting pressure in the market and uncertainty in travel recovery.

Iron ore price pulls back

The shares of BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) could come under a spot of pressure today after the iron ore price pulled back overnight. According to Metal Bulletin, the benchmark iron ore price dropped 2.4% to US$183.62. Both mining giants’ US-listed shares fell around 2% last night.

More reading

• ASX 200 recovers, Redbubble sinks, Megaport jumps
• Wesfarmers’ (ASX:WES) Bunnings open to hosting COVID vaccine hubs
• Woodside (ASX:WPL) share price slides despite 22% revenue increase
• Why the Blackmores (ASX:BKL) share price is under pressure today
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores 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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