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The S&P/ASX 200 Materials Index (ASX: XMJ) closed 0.7% lower on Tuesday, but three ASX lithium shares bucked the trend.

The Global Lithium Resources Ltd (ASX: GL1), Zenith Minerals Limited (ASX: ZNC), and Power Minerals Ltd (ASX: PNN) share prices all lifted today.

Let’s take a look at what’s going on with these companies.

Power Minerals

Shares in Power Minerals rose 10.2% today despite no news from the company. However, multiple ASX lithium shares lifted today.

Among the big players, the Core Lithium Ltd (ASX: CXO) share price soared 9.93% while Pilbara Minerals Ltd (ASX: PLS) jumped 7%. This follows JP Morgan upgrading Pilbara to outperform and boosting its price target to $4.10.

Analysts are predicting the lithium market could be undersupplied until 2025. The broker also lifted its price target for lithium carbonate to 20% and predicted spodumene prices to surge by 25%.

On Friday, Power Minerals announced drilling will commence at the Salta Lithium-Brine Project in northwest Argentina.

Global Lithium Resources

The Global Lithium Resources share price soared nearly 12% today.

It seems investors were buying up shares amid optimism for the lithium market today. Also, the company advised an extra reverse circulation drilling rig is now in use at the Manna Lithium project, located in Western Australia, 100km east of Kalgoorlie.

The second rig will provide Global Lithium will more drilling information ahead of the Mineral Resource Estimate (MRE). Global Lithium plans to provide an update on the MRE in late 2022.

Commenting on the news, geology head Stuart Peterson said:

With the addition of the second RC rig from K-Drill, along with the double shifting Diamond rig, the geological information flow from the Manna Lithium Project is the highest it’s ever been.

Zenith Minerals

The Zenith Minerals share price leapt nearly 7% today. Zenith is exploring lithium and other battery metals. Today, the company advised it has defined a new nickel, copper and platinum drill target at the Waratah Well project in Western Australia.

This project is a joint venture with the EV Metals Group. The companies are also exploring lithium at the site. Drill testing will take place between late September and early October.

Zenith managing director Michael Clifford said:

The Ni-Cu-PGE target fits within our strategy of battery minerals leveraged to the increasing global demand for metals critical to the production processes of new energy industrial sectors

The post 3 little-known ASX lithium shares that rocketed today appeared first on The Motley Fool Australia.

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More reading

• Global Lithium shares edged higher today amid ‘very promising’ results
• Why are ASX lithium shares having such a cracking start to the week?
• Why is the Global Lithium share price rocketing 13% on Wednesday?

Motley Fool contributor Monica O’Shea 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 Scott Phillips.

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It ended up being a fairly disappointing day for ASX shares and the S&P/ASX 200 Index (ASX: XJO) on Tuesday. As of market close, the ASX 200 went backwards by 0.38%, giving up the gains that we saw early in the session. But it was a different story for one of the ASX 200’s incoming members Sayona Mining Ltd (ASX: SYA) shares.

The Sayona Mining share price ended up having a cracking day. The ASX lithium share closed at 25.5 cents apiece yesterday. But by the end of today’s trading session, the company had risen to 27 cents per share, a healthy gain of 5.88%.

So what went so right for this ASX lithium up-and-comer?

Why did the Sayona Mining share price leap higher on Tuesday?

Well, we don’t know for sure, unfortunately. There hasn’t been much in the way of news or announcements from Sayona recently. Its most recent ASX release was put out after close last Friday, informing the markets that the company would be joining the ASX 200 index later this month.

However, we did get some news regarding one of Sayona’s peers in the ASX lithium space today. This could have had an impact.

As my Fool colleague Tristan comprehensively covered this afternoon, brokers at JP Morgan have taken another look at the Pilbara Minerals Ltd (ASX: PLS) share price and liked what they saw.

The broker upgraded Pilbara shares to an outperform rating, with an improved 12-month share price target of $4.10. This upgrade is due to JP Morgan’s view that the global lithium market will remain tight for many years to come, giving Pilbara (and other ASX lithium shares) a powerful tailwind.

The broker also raised its long-term forecast for lithium carbonate and spodumene prices by 20% and 25% respectively. This would also bode well for all ASX lithium shares.

Perhaps in response, the Pilbara share price rose a pleasing 7.03% today to $3.96 a share today. It also looks as though this optimism has flowed onto other ASX lithium shares, including the Sayona mining share price. No doubt that will be welcomed by shareholders.

At the last Sayona Mining share price, this ASX lithium share has a market capitalisation of $2.24 billion.

The post Why did the Sayona Mining share price shoot 6% higher today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why broker JP Morgan just upgraded the Pilbara Minerals share price
• Here are the top 10 ASX 200 shares today

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Sebastian Bowen has positions in JPMorgan Chase. 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 Scott Phillips.

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The New Hope Corporation Limited (ASX: NHC) share price finished Tuesday’s session up a healthy 6.12% at $5.72. This came after the ASX coal miner hit a new 10-year high of $5.79 just moments before market close.

For context, the S&P/ASX 200 Energy Index (ASX: XEJ) gained just 0.5% for the day. Elsewhere though, other ASX coal shares also enjoyed a stellar session on Tuesday. The Whitehaven Coal Ltd (ASX: WHC) share price notched up its own all-time high, finishing the day 3.65% higher, while Yancoal Australia Ltd (ASX: YAL) shares finished 6.34% higher.

New Hope shares reached the 10-year milestone despite there being no news from the company today. However, macro tailwinds have been developing, boosting ASX coal miners. Let’s go over the highlights.

What’s been boosting New Hope?

New Hope shares enjoyed strong gains today on the back of some positive news for the sector overall. Firstly, as reported by The Australian Financial Review, despite increasing global pressure to reduce reliance on fossil fuels, Prime Minister Anthony Albanese has reiterated that Australia will continue to be a key international supplier of energy materials like gas and coal.

Speaking at the annual Minerals Council of Australia dinner on Monday night, he said:

Australia will continue to be a trusted and stable supplier of energy and resources to our key trading partners. As we work with other nations to reduce emissions globally, we will continue to be a reliable provider of energy.

Secondly, the global energy continues to worsen, boosting the demand for coal and sending profits soaring for Australia’s largest coal mining shares.

Over the weekend, Russia shut down its Nord Stream 1 gas pipeline, restricting supply to several European nations and forcing them to find alternative energy supplies. This resulted in future contracts of Newcastle Coal rising to a new high of US$435 per tonne.

Meanwhile, Whitehaven Coal, which made a $1.95 billion profit for FY22, reported in its annual results release to the ASX late last month that the outlook for coal remains strong:

It is likely to take several years before additional supply or alternative energy sources are available to rebalance global supply and demand dynamics.

New Hope share price snapshot

The New Hope share price has gained a whopping 156% this year to date. By comparison, the S&P/ASX 200 Index (ASX: XJO) is down 8.3% over the same period.

The company’s market capitalisation based on the current share price is around $4.76 billion.

The post Why did the New Hope share price just surge 6% to a 10-year high? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• How are ASX 200 energy stocks performing on Tuesday?
• Here are the top 10 ASX 200 shares today
• Why are ASX 200 coal shares smashing the market on Monday?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Matthew Farley 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 Scott Phillips.

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The team at Goldman Sachs has been busy reviewing earnings season this week.

The good news for investors is that the broker believes a few ASX shares are flying under the radar now and could be in the buy zone.

Two such ASX shares that Goldman rates highly post-earnings season are listed below. Here’s what it is saying about them:

Cochlear Limited (ASX: COH)

Goldman Sachs was impressed with this hearing solutions company’s performance in FY 2022. Particularly given the tough trading conditions it was facing. Looking ahead, the broker suspects Cochlear could hit the top of its guidance range in FY 2023. It commented:

In a highly challenging year Cochlear delivered +17% NPAT growth to reach the upper-half of the guided range. In our view, the backdrop for this year appears relatively more favourable, and we see clear scope for COH to deliver at the upper-end of another solid guidance (+8-13% to $290-305m, with further accretion possible from the Oticon Medical transaction, which is yet to close).

The broker has a buy rating and $247.00 price target on Cochlear’s shares.

Reliance Worldwide Corporation Ltd (ASX: RWC)

Goldman highlights that this plumbing parts company’s shares have fallen since its results. It feels this was due to its soft start to FY 2023. However, the broker sees this as a buying opportunity given its defensive qualities. It said:

RWC announced FY22 results in line with both GSe and Visible Alpha Consensus on 22nd of August. The company provided an update on July trading, with sales down -3% resulting in the share price falling 7% on the day and down 19% to date. We consider RWC as more defensive within the building materials sector as a high portion of its revenues are derived from repairs in the R&R sector.

Goldman Sachs currently has a buy rating and $4.85 price target on the Reliance Worldwide’s shares.

The post Goldman Sachs says these ASX shares are flying under the radar post-results appeared first on The Motley Fool Australia.

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More reading

• How do CSL shares stack up against Cochlear following earnings season?
• Here’s why analysts say these blue chip ASX 200 shares are buys
• 3 buy-rated ASX 200 shares that analysts love
• Goldman Sachs tips Cochlear share price to rise 13%
• 5 things to watch on the ASX 200 on Monday

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 positions in and has recommended Cochlear Ltd. and Reliance Worldwide Corporation Limited. The Motley Fool Australia has recommended Cochlear Ltd. and Reliance Worldwide Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price saw some action today, lifting in earlier trade before closing flat.

Woodside Energy finished the day at $35.08, the same as yesterday’s closing price. However, in earlier trade, Woodside shares lifted by as much as 1.74%.

Much the same happened to its oil and gas peer Santos Ltd (ASX: STO). Its shares closed 0.38% lower at $7.94 apiece.

For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) closed 0.5% higher today.

Let’s take a look at what may have been impacting Woodside today.

What’s happening?

The WTI Crude Oil price is rising 2.23% to US$88.81 a barrel, Bloomberg data shows. However, the Brent Crude Oil price is down 0.63% to US$95.14 a barrel. Natural gas is also down 0.6% to US$8.73 per MMBtu.

The European energy crisis also dominated headlines overnight after Russia cut gas supply to Europe.

Woodside has just signed a flexible sale and purchase agreement with German energy company Uniper. Woodside will supply twelve cargoes of LNG, or 0.8 million tonnes of natural gas, to Europe from January 2023.

CEO Meg O’Neill said the new agreement will “provide a new source of LNG for consumers in Europe seeking alternatives to Russian gas”. She added:

It also reflects the increasingly interconnected nature of LNG trade in the Atlantic and Pacific basins as global markets respond to energy security challenges.

Meanwhile, Prime Minister Anthony Albanese has assured key trading partners Australia will “continue to be a trusted and stable supplier of energy and resources”, the Australian Financial Review reported. He commented:

As we work with other nations to reduce emissions globally, we will continue to be a reliable provider of energy.

Woodside share price snapshot

The Woodside share price has soared 80% in the past year, while it has gained 60% year to date.

For perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) has risen nearly 50% in the past year.

Woodside has a market capitalisation of about $66.6 billion based on the current share price.

The post What happened to Woodside shares on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• ‘We would like to see faster progress’: ASX 200 energy shares on notice
• The Woodside share price has gained under 5% in 10 years. Does the latest monster dividend make up for this?
• How are ASX 200 energy stocks performing on Tuesday?
• Here are the top 10 ASX 200 shares today
• Why is the Woodside share price surging ahead on Monday?

Motley Fool contributor Monica O’Shea 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 Scott Phillips.

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ASX uranium shares enjoyed another strong run higher on Tuesday.

Meanwhile, by close of trade, the All Ordinaries Index (ASX: XAO) had given up its earlier gains and finished the session down by 0.26%. Despite it being widely expected, the dip came following confirmation from the RBA that it has raised interest rates by 0.5%

But this didn’t seem to faze these leading ASX uranium shares which concluded Tuesday’s session as follows:

• Boss Energy Ltd (ASX: BOE) shares up 7.31% to $2.79
• Paladin Energy Ltd (ASX: PDN) shares up 7.78% to 90 cents
• Bannerman Energy Ltd (ASX: BMN) shares up 8.29% to $2.35
• Deep Yellow Ltd (ASX: DYL) shares up 6.8% to $1.10
• Alligator Energy Ltd (ASX: AGE) shares up 6.25% to 6.8 cents

That’s some impressive performance today. But what’s the outlook for ASX uranium shares moving forward?

What’s the outlook for ASX uranium shares in September?

All the companies named above are also well up since this time last month.

While there are no guarantees as to how share prices will move over the rest of September, arguably the foundations are being laid to support strong and rising global demand for uranium. This should, in theory, support the miners longer term.

Just two weeks ago, Japan’s government announced it will investigate the development of next-generation nuclear power plants and reopen seven currently shuttered plants.

As you might expect, ASX uranium shares rocketed higher following the announcement.

And Japan is far from the only nation looking to ramp up its nuclear power generation.

Global energy crisis spurs nuclear power ambitions

With the world facing a global energy crisis, exacerbated by Russia’s invasion of Ukraine, countries around the world are extending the lives of existing reactors or rolling out plans to build new ones.

Those nations include India, Germany, Belgium, and France.

As reported by the Financial Times, France’s state-controlled energy company, EDF, is moving to restart 32 of the nation’s reactors that have been taken offline for maintenance. That represents more than half of France’s 56 nuclear plants.

French energy minister Agnès Pannier-Runacher said, “EDF has committed to restarting all its reactors for this winter.”

Reactors, of course, require uranium.

Today, Kazakhstan produces more than 40% of the global uranium. Australia lags far behind in production, though Australia has at least 25% of the world’s proven uranium resources.

As more nations turn to nuclear power for their baseload generation, investors will be hoping this creates some long-term tailwinds for ASX uranium shares.

The post What’s the outlook for ASX uranium shares in September? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• 2 ASX uranium shares added to the ASX 300 today
• Why did ASX uranium shares get hammered on Thursday?
• Why BHP, Deep Yellow, Nickel Industries, and PointsBet shares are dropping

Motley Fool contributor Bernd Struben 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 Scott Phillips.

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Are you looking for some dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

That’s because top brokers have recently named these dividend shares as buys. Here’s why analysts are positive on them:

Coles Group Ltd (ASX: COL)

Coles could be an ASX dividend share to buy right now according to analysts at Citi. The broker currently has a buy rating and $20.10 price target on its shares.

The broker likes Coles due to its strong market position and positive exposure to inflation. It expects that “food inflation will benefit supermarkets significantly while operating costs should remain less than top line inflation, benefiting margins.”

Citi is also forecasting some attractive dividend yields for investors in the coming years. It is expecting fully franked dividends of 74 cents per share in FY 2023 and then 79 cents per share in FY 2024.

Based on the latest Coles share price of $17.60, this will mean yields of 4.2% and 4.5%, respectively, over the next two financial years.

Transurban Group (ASX: TCL)

Another ASX dividend share that brokers rate as a buy is toll road operator Transurban.

Macquarie is positive on Transurban and currently has an outperform rating and $14.66 price target on its shares.

Its analysts believe that the company is one of the best defensive options for income investors on the Australian share market at this time. Especially given its opportunity to raise prices as inflation rises and its burgeoning development pipeline.

As for dividends, Macquarie is forecasting dividends per share of 55 cents in FY 2022 and then 58.5 cents in FY 2023. Based on the current Transurban share price of $13.71, this implies yields of 4% and 4.2%, respectively.

The post Brokers name 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Why did the Coles share price have such a rough trot in August?
• Boost your income with these ASX dividend shares: analysts
• Why is the Coles share price having such a lousy end to the week?
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) slid into the red after a decent start to Tuesday’s trade on news the Reserve Bank of Australia lifted interest rates by 0.5% today. The index closed 0.38% lower at 6,826.50 points.

Today’s decision from the central bank marks the fifth consecutive month in which Australian interest rates have been hiked, bringing the official cash rate to 2.35%. The move is another effort to tame inflation, which sat at 6.1% at last count.

The S&P/ASX 200 Utilities Index (ASX: XUJ) was the market’s worst performing sector today, falling 1.9%.

Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) outperformed, lifting 0.7%.

The S&P/ASX 200 Energy Index (ASX: XEJ) also lifted 0.5% amid rising oil prices. The Brent crude oil price rose 2.9% to US$95.74 a barrel overnight while the US Nymex crude oil price gained 2.4% to US$88.92 a barrel.

Finally, iron ore futures saw a 3.3% overnight rise, trading at US$98.47 a tonne. But it wasn’t enough to bolster the S&P/ASX 200 Materials Index (ASX: XMJ). It fell 0.7%.

Four of the ASX 200’s 11 sectors closed in the green today. But which shares outperformed? Let’s take a look.

Top 10 ASX 200 shares countdown

ASX lithium stocks led on Tuesday, and in the lead was Core Lithium Ltd (ASX: CXO).

A bullish outlook for both the battery-making material and fellow producer Pilbara Minerals Ltd (ASX: PLS) may have been behind the gain.

Find out more about Core Lithium and what it’s been up to lately here.

Today’s biggest gains were made by these ASX shares:

ASX-listed company	Share price	Price change
Core Lithium Ltd (ASX: CXO)	$1.495	9.93%
Lake Resources NL (ASX: LKE)	$1.205	9.55%
Paladin Energy Ltd (ASX: PDN)	$0.90	7.78%
Pilbara Minerals Ltd (ASX: PLS)	$3.96	7.03%
New Hope Corporation Limited (ASX: NHC)	$5.72	6.12%
Liontown Resources Limited (ASX: LTR)	$1.765	5.69%
Megaport Ltd (ASX: MP1)	$7.26	5.22%
EML Payments Ltd (ASX: EML)	$0.90	4.65%
De Grey Mining Limited (ASX: DEG)	$0.965	4.32%
Allkem Ltd (ASX: AKE)	$14.06	4.3%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why is the Core Lithium share price surging 8% on Tuesday?
• Why broker JP Morgan just upgraded the Pilbara Minerals share price
• How are ASX 200 energy stocks performing on Tuesday?

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 positions in and has recommended EML Payments and MEGAPORT FPO. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s no secret that the best way to make money from investing is to buy and hold high-quality ASX shares for years on end. This allows compounding to take place, which is one of the most powerful forces in finance.

By regularly buying more shares of high-conviction companies, we can remove some of the emotion and tendency to try and time the market. For the average investor, the appeal of picking the highs and lows leads to long-term underperformance compared to the S&P/ASX 200 Index (ASX: XJO).

Today, I want to share with you three ASX shares that I am personally planning to buy more of over time. In my opinion, each of these businesses represents an attractive investment opportunity with a long runway for growth ahead.

I won’t stop buying these 3 ASX shares anytime soon

Each company that I’ll mention today is quite different in terms of market capitalisation, sector, and stage of development. This provides some valuable diversification benefits and reduces the overall risk of the portfolio.

Personally, I’m a big fan of taking a ‘GDV’ (growth, dividend, and value) approach to investing in ASX shares. This doesn’t mean it’s necessarily the right approach, but there are two key benefits to this investing style, in my opinion:

1. It dampens the peaks and troughs in the portfolio compared to if it were completely invested in only growth shares or only dividend shares. At the moment, this has proved comforting when many growth-orientated shares have lost support in the market.
2. It opens the portfolio to many opportunities that may not otherwise be considered purely because they don’t fit into a specific box at a single point in time. For example, Microsoft Corporation (NASDAQ: MSFT) failed to grow its net income for 9 out of 10 quarters between 2014 and 2016 — some might have considered it a deteriorating ‘value’ share — yet, the company, by all accounts, has been a colossus, compounded over the ensuing years.

Having said that, let’s dive into the shares!

Ansarada Group Ltd (ASX: AND)

The first ASX share I’ll be regularly buying more of is Ansarada Group. This fast-growing software-as-a-service (SaaS) company provides cloud-based software solutions that help businesses manage their data during key corporate events, such as mergers & acquisitions (M&A).

At a market capitalisation of around $135 million and currently loss-making, Ansarada quenches the ‘growth’ thirst for me. Based on its latest full-year results, the company delivered 44% revenue growth year on year with a gross margin of 95%.

I think Ansarada is an ASX share with the potential to deliver tremendous shareholder returns as it expands its software offering to more day-to-day operations reliant on orderly data.

Jumbo Interactive Ltd (ASX: JIN)

This company has been a staple of my portfolio for several years now, with my first buy at around $2.70 a share. Jumbo Interactive provides digital lottery services across Australia, Canada, and the United Kingdom.

During my time as a shareholder (going back to 2017), Jumbo has grown its net profits after tax (NPAT) by nearly fourfold. Aiding in this growth has been a successful acquisition strategy, broadening the company’s growth potential.

However, I personally consider Jumbo a cornerstone dividend share in my portfolio. This ASX share is currently trading on a dividend yield of 3.1%.

Sonic Healthcare Ltd (ASX: SHL)

That only leaves us with the ‘value’ component of the portfolio. Sonic Healthcare is a global leader in providing pathology and radiology services. It has a market capitalisation of around $16 billion, making it the largest ASX share on this list.

At present, Sonic is trading on a price-to-earnings (P/E) ratio of around 11 times. This represents a notable discount when compared to the global healthcare industry average of around 18 times earnings.

Personally, I believe Sonic Healthcare has an attractive valuation considering the healthcare sector’s long-term tailwinds. Furthermore, the market appears to be pricing Sonic as though its growth days are behind it. However, I’m quietly confident there could be much more to come, fuelled by acquisitions and advancements in artificial intelligence.

The post 3 ASX shares I’ll be buying and holding for years to come appeared first on The Motley Fool Australia.

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• How I’d invest $50,000 in ASX dividend shares for retirement, if I had to start from scratch
• 5 ASX 200 shares turning ex-dividend tomorrow
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Motley Fool contributor Mitchell Lawler has positions in Ansarada Group Limited, Jumbo Interactive Limited, and Sonic Healthcare Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Ansarada Group Limited, Jumbo Interactive Limited, and Microsoft. The Motley Fool Australia has positions in and has recommended Ansarada Group Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited and Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Seven West Media Ltd (ASX: SWM) share price closed higher on Tuesday following the company’s announcement of a new record AFL deal.

At market close, the media company’s shares finished up 3.16% to 49 cents apiece after touching an intraday high of 51 cents a share.

Let’s take a look in more detail at the company’s latest announcement.

Seven West Media shares jump on bonanza AFL deal

Investors rallied up the Seven West Media share price today after the company announced a record AFL television rights deal.

According to The Australian, Seven advised it has signed Australia’s biggest broadcast rights deal with the AFL.

This will see the Seven network, alongside Foxtel, retain television broadcast rights under a seven-year $3.85 billion contract.

In contrast, the AFL secured an extension of two seasons with Seven and Foxtel for $946 million during COVID-19.

However, one key detail that isn’t clear is how much free-to-air televised footy will be shown.

The Seven network provides free access to a number of games over the week, while Foxtel is a pay-to-air service.

Seven West Media managing director and CEO James Warburton said:

We are delighted to extend our partnership with the AFL until 2031. Securing a comprehensive package of digital rights to the AFL for 7plus was our absolute focus. For the first time, fans will be able to access the best AFL games and video content, live and free, in a way that suits them.

More importantly, this new combination of broadcast and digital means SWM will be ideally positioned to drive and capture a significant share of the growing total television market.

Together, the AFL and Seven have made the code the #1 winter sport across the country and we look forward to working with the AFL Commission to extend the sport’s leadership.

Seven West Media share price summary

After tumbling to a 52-week low of 33.5 cents during mid-May, the Seven West Media share price is staging a comeback.

The share fell almost 50% between May and June but has not looked back since. In that time, the company’s shares are up 48%.

Seven West Media presides a market capitalisation of approximately $803 million.

The post Seven West share price lifts on new record AFL deal appeared first on The Motley Fool Australia.

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More reading

• Seven West Media share price tumbles 5% on full-year earnings
• Seven West Media share price in focus following best financial performance in a decade

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 Scott Phillips.

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