Tag: Motley Fool

I think exchange-traded funds (ETFs) are a fantastic way to build long-term wealth. Particularly low-cost, broad-based ETFs listed on the ASX.

These broad-based ETFs sit at the heart of my core portfolio. But I think thematic ETFs can play a part when it comes to satellite or tactical positions, which are riskier and form smaller parts of my portfolio.

While the space is getting crowded and some thematic ETFs seem particularly niche, there is a handful I have my eye on.

Here are two thematic ASX ETFs I’d buy today. In fact, one of them is already sitting in my portfolio.

BetaShares Global Cybersecurity ETF (ASX: HACK)

Starting with the one I own, the BetaShares Global Cybersecurity ETF is a simple way to get exposure to the cybersecurity theme here on the ASX.

The cybersecurity industry has been growing in prominence for years. But it’s now hurtling along a COVID-accelerated trajectory as things like cloud computing and remote working have come to the fore.

According to the Identity Theft Resource Center, the number of new data breaches set a new record in 2021, soaring 68% over the number of incidents seen in 2020.

Consulting firm Gartner forecasts that information security spending will reach US$187 billion in 2023, representing 11% growth.

As security budgets continue to rise and the world only becomes even more connected, cybersecurity will likely be a high-growth industry for years to come.

And like any high-growth industry, there’ll be various winners and losers.

Rather than selecting which individual companies to invest in, this ETF provides investors with a basket of leading companies involved in cybersecurity.

The ETF has 38 holdings, the majority of which are listed in the United States. Right now, the top holdings include Crowdstrike Holdings Inc (NASDAQ: CRWD), Cloudflare Inc (NYSE: NET), and Cisco Systems Inc (NASDAQ: CSCO).

These companies operate across the spectrum of cybersecurity, from virus protection and intrusion detection to computer networking equipment, identity management, content delivery networks, and more.

As a growth-focused ETF, the year hasn’t been particularly kind. Over the past 12 months, the ETF is printing an 11.4% fall (including dividends). But over the last three years, it has delivered an average return of 14.9%.

It’s worth noting that as a thematic ETF, its management fee comes in on the higher side at 0.67%.

VanEck Video Gaming and Esports ETF (ASX: ESPO)

As its name suggests, this VanEck ETF provides investors with exposure to the video gaming and esports thematic.

After once being stereotyped as being isolating and unsociable, gaming has levelled up. And it’s an industry that’s becoming increasingly hard to ignore, especially in the attention economy we live in.

Last year, the number of gamers worldwide surpassed three billion. And the audience for live-streamed gaming content continued to grow, with 747 million people tuning in to watch their favourite gamers on platforms like Twitch and YouTube.

According to research firm Newzoo, the global games market generated revenue of US$181 billion in 2021. It’s tipping this figure to reach US$218.8 billion in 2024.

Meanwhile, esports continues to take on a life of its own. Last year’s League of Legends World Championship racked up more than one billion total hours of viewership. And the finals series garnered a peak audience of 73 million people.

The ETF comprises 25 holdings and aims to track an index that includes the largest and most liquid companies that generate at least 50% of their revenue from video gaming and/or esports.

As it stands, the ETF has key weightings to the US (42%), Japan (22%), and China (16%).

The top holdings include chip company NVIDIA Corporation (NASDAQ: NVDA), Call of Duty publisher Activision Blizzard Inc (NASDAQ: ATVI), and Chinese conglomerate Tencent Holdings Ltd (HKG: 0700).

The ETF has tumbled 27.6% over the last 12 months as many of its top holdings have been smashed, showing the downsides of being a rather concentrated ETF. But zooming out, the index that this ETF tracks has delivered an average annual return of 16.1% across the last three years.

At 0.55%, the ETF attracts lower management fees than the BetaShares Global Cybersecurity ETF.

The post Why I’d buy these 2 ASX ETFs right now appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 fantastic ETFs for ASX investors to buy today
• 3 quality ETFs for ASX investors in September
• 2 beaten down ETFs for investors to buy and hold
• 3 high quality ETFs for ASX investors to buy now
• Why I think these 2 ASX shares are bargain buys

Motley Fool contributor Cathryn Goh has positions in BETA CYBER ETF UNITS, Cloudflare, Inc., and CrowdStrike Holdings, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Activision Blizzard, BETA CYBER ETF UNITS, Cisco Systems, Cloudflare, Inc., CrowdStrike Holdings, Inc., Nvidia, and Tencent Holdings. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended Activision Blizzard, CrowdStrike Holdings, Inc., Nvidia, and VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/48rg3Uv

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

I know a lot of people around my age who are still decades away from retirement but can’t wait for that milestone to arrive. But I’ve always worried that retirement is not something I’ll enjoy.

I’m the sort of person who likes being busy. Can I manage the occasional couch potato day? Sure. But does the idea of spending days on end in front of the TV excite me? Not at all.

Now to be clear, I’m not trying to imply that that’s what retirement is all about. But the reality is that I enjoy working not just for the financial benefit, but also, the mental benefit. And I also like having some structure to my days.

As such, I’m taking these concerns into account in the course of my retirement planning. Here’s what I’m doing about them.

1. Saving aggressively

I dread the idea of retiring and winding up bored. And while there are plenty of things I like to do (think hiking, reading, and so forth) that don’t cost money, I also know I’ll probably need a decent-sized nest egg to help ensure that I’m able to keep busy.

That’s why I’m aggressively funding my retirement savings now. As a freelance writer, I’m pushing myself to earn as much as I can now so that I’m able to save as much as possible. When you work on a freelance basis, you can sometimes choose to give up downtime and take on extra projects. That’s something I’ve taken to in recent years, and a big reason is that I have very aggressive savings goals that I want to meet.

2. Planning to continue working in some capacity

These days, I work on a full-time basis, and I wouldn’t have it any other way. As a retiree, I don’t intend to plug away at my desk for 40 hours a week. But I do hope to continue working in some capacity.

Part-time work could give me the structure I need to anchor my days. And, since I get satisfaction from my work, I feel that the mental benefit could be just as important as the financial one, if not more so.

Retirement isn’t for everyone

I know some people who are enjoying their retirement to the fullest. And I know other people who retired, hated it, and went back to work because they couldn’t handle all of that downtime.

You may not know which camp you’ll end up falling into until you get there. But I know myself pretty well, and I can already see myself growing dissatisfied in the absence of some work and a pretty busy schedule. So rather than pretend that retirement will magically work out and be wonderful, I’m taking steps to tackle those concerns. And if you feel similarly about retirement, you should do the same.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post I’m worried I won’t like retirement. Here’s what I’m doing about that appeared first on The Motley Fool Australia.

(function() { function setButtonColorDefaults(param, property, defaultValue) { if( !param || !param.includes(‘#’)) { var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0]; button.style[property] = defaultValue; } } setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’); setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’); setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’); })()

More reading

• Why Breville, Incitec Pivot, Magellan, and Super Retail shares are dropping
• Zip share price jumps as broker goes on myth-busting bender
• Should all ASX investors be buying defensive shares right now?
• Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising
• 3 ASX mining shares leaping on mineral discoveries

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.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

from The Motley Fool Australia https://ift.tt/BAjQk8b

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the day in the red after a late turn. At the time of writing, the benchmark index is down 0.3% to 6,829.9 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

Breville Group Ltd (ASX: BRG)

The Breville share price is down over 4% to $20.97. Investors have been selling this appliance manufacturer’s shares after it was hit by a broker downgrade. According to a note out of Macquarie, it has downgraded Breville’s shares to a neutral rating with a trimmed price target of $23.10. This followed a cautious update from one of its rivals.

Incitec Pivot Ltd (ASX: IPL)

The Incitec Pivot share price is down 3.5% to $3.69. This follows the release of the industrial explosives, chemicals, and fertilisers company’s investor update this morning. Incitec Pivot revealed that its performance has been mixed in FY 2022. For example, its fertiliser business has seen volumes fall due to lower demand. It also warned that its explosives business is experiencing supply chain and inflationary pressures.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 2% to $12.19. Investors have been selling this fund manager’s shares following the release of another disappointing funds under management (FUM) update. Magellan revealed that its FUM fell $2.6 billion during August. This comprises $1.3 billion of net outflows and the same amount due to unfavourable market movements.

Super Retail Group Ltd (ASX: SUL)

The Super Retail share price is down 6% to $9.68. This decline has been driven largely by the retail conglomerate’s shares trading ex-dividend this morning. Last month, Super Retail declared a 43 cents per share fully franked final dividend of FY 2022. This will now be paid to eligible shareholders next month on 17 October.

The post Why Breville, Incitec Pivot, Magellan, and Super Retail shares are dropping appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Magellan share price nosedives as FUM plunges $1.3 billion
• Own Magellan shares? Here’s some news on your dividends
• 5 ASX 200 shares turning ex-dividend tomorrow
• Broker names 2 excellent ASX growth shares to buy right now

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

from The Motley Fool Australia https://ift.tt/mUZ9b4D

The Zip Co Ltd (ASX: ZIP) share price is up in late afternoon trading amid bullish observations from analysts at Jarden earlier today.

The ASX buy now pay later (BNPL) share currently trades for 84.5 cents, up 1.81%, after hitting an intraday high of 90 cents a share. That’s a gain of more than 8%.

Zip is outperforming the S&P/ASX 200 Index (ASX: XJO) which is down 0.33% at the time of writing.

Let’s cover what the analysts said about Zip shares.

What did the analysts say?

In a note posted to clients, Jarden analysts Elise Kennedy and Tim Halliday provided an alternative view of Zip’s contentious results for FY22, which included a $1 billion loss.

Notably, the analysts said the slowdown in retail sales that Zip is forecast to experience is a “myth” and part of several misconceptions that surround the company.

The analysts said:

Overall, counterintuitively and against consensus, we could see a push towards increasing need from merchants. This could help see a reduction in the marketing dollars that have to be added to the merchant deals in the US and also reduce the pressure on merchant fees.

They continued:

Importantly too, in Australia, the no-surcharge rule change means that merchants can now pass on this cost to the consumer. It may mean less subscribers but a more profitable consumer that continues its usage.

The pair set out to dispel more myths, including Zip’s credit losses and the forecast that it can’t break even on its cash flow.

On the credit front, Kennedy and Halliday observed Zip was “tightening measures across the whole cycle to help contain its credit losses”.

And as for cash burn, the analysts wrote:

Zip had previously guided to being breakeven in FY24, but at the FY22 result, they had enough visibility to narrow that window. It is already cash positive in the ANZ market and expecting to achieve that in the US as it exits FY23. The Rest of World (ROW) strategic review is underway with predictions the second half will see Zip “neutralise” ROW cash burn.

Zip share price snapshot

The Zip share price is down 80% year to date and 87% over the last 12 months.

The company’s current market capitalisation is approximately $584 million.

The post Zip share price jumps as broker goes on myth-busting bender appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• The Zip share price slid 15% in August. What went wrong?
• Rejected: Zip share price slips following latest blow
• August’s RBA rate hike saw investors favour Macquarie and BHP shares. Here’s what to expect in September: expert
• These are the 10 most shorted ASX shares
• Why these 3 ASX shares could be in for a massive boost this month

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 positions in and has recommended ZIPCOLTD FPO. 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.

from The Motley Fool Australia https://ift.tt/Su1hGwl

Investors might be wondering whether defensive ASX shares are good investments in this environment considering volatility is picking up and the possibility of a recession is rising.

In a typical recession, defensive shares can demonstrate resilient earnings and this could mean a more robust share price.

But, in this period of high inflation and rising interest rates, things may be a bit different.

Profit and the performance of the share price can sometimes vary quite dramatically. In a higher interest rate environment, investors may not value the defensive earnings of some ASX shares as much as they used to. Inflation could also hurt their earnings.

Emma Fisher from Airlie Funds Management discusses which ASX shares could be opportunities in the Australian Financial Review (AFR).

For starters, she said that investors have a better chance of making good money when markets are down. This is because it gives more potential to buy mispriced assets.

She said: “Even though it doesn’t feel as good and it doesn’t feel as comfortable as when markets are making new highs, it’s actually a better environment for stock picking.”

Time to look at defensive ASX shares?

Airlie’s Fisher is not convinced that defensive shares are an easy pick. Companies like Telstra Corporation Ltd (ASX: TLS) and Brambles Limited (ASX: BXB) were two of the names considered.

Fisher said:

If we are in a more inflationary environment than we have been historically, you want to look at the capital intensity of the business model.

So, a lot of those businesses like Telstra or Brambles, they’re spending billions of dollars a year on maintenance capex and that’s going to cost even more each year in an inflationary environment.

They’re sort of running harder to stand still and you’re paying more for them now than you did a year ago. That, to us, doesn’t scream good value.

However, the Airlie fund does have some ASX shares in the portfolio that are seen as defensive. They include Woolworths Group Ltd (ASX: WOW), Wesfarmers Ltd (ASX: WES) and CSL Limited (ASX: CSL).

The tricky thing about this investment environment is that both valuations and earnings outlooks have changed for different areas of the market.

Fisher said:

It can be tempting when you’re worried about where the cycle is going to want to hide in defensives.

The challenge you’ve got is the defensive, safe, boring part of the market has re-rated. So, you’re now facing this choice between, in some instances, eye-wateringly expensive, defensive companies and bombed-out consumer-facing businesses that look tantalisingly cheap, but where you recognise that the earnings are probably too high.

You’ve got to have a playbook for how you navigate both sides of the market.

Why do interest rates matter?

The market may view defensive ASX shares as worth a bit less right now. This is because asset values are pulled lower by higher interest rates.

Warren Buffett once described why this is the case:

The value of every business, the value of a farm, the value of an apartment house, the value of any economic asset, is 100% sensitive to interest rates because all you are doing in investing is transferring some money to somebody now in exchange for what you expect the stream of money to be, to come in over a period of time, and the higher interest rates are the less that present value is going to be. So every business by its nature … its intrinsic valuation is 100% sensitive to interest rates.

The Reserve Bank of Australia (RBA) increased interest rates by another 50 basis points today. The RBA “expects to increase interest rates further over the months ahead“. So it could continue to be a bumpy ride for ASX shares.

The post Should all ASX investors be buying defensive shares right now? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Woolworths share price edges higher as shareholders green light MyDeal takeover
• Why is the CSL share price on the slide today?
• These 9 ASX 200 shares are going ex-dividend tomorrow
• Should you buy Telstra shares after the telco ‘comfortably turned the corner’?
• 5 things to watch on the ASX 200 on Tuesday

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

from The Motley Fool Australia https://ift.tt/HWKEPrC

In late trade on Tuesday, the S&P/ASX 200 Index (ASX: XJO) has slipped into the red. At the time of writing, the benchmark index is down 0.35% to 6,829.5 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are rising:

Karoon Energy Ltd (ASX: KAR)

The Karoon Energy share price is up 5.5% to $2.24. This follows the release of a positive update on the Bauna intervention campaign this morning. The company revealed that its second well intervention has been successful and oil production has increased strongly. Work has begun on a third well intervention.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price has continued its ascent and is up a further 6.5% to $3.94. A number of lithium shares are rising strongly today amid optimism over lithium demand and supply constraints. Pilbara Minerals was given a boost yesterday by a broker note out of JP Morgan. Its analysts upgraded the company’s shares to an overweight rating with an improved price target of $4.10.

Pointsbet Holdings Ltd (ASX: PBH)

The Pointsbet share price is up 2.5% to $2.23. This is despite there being no news out of the sports betting company. However, with the PointsBet share price down 37% in the space of a month, it is possible that some investors believe it has been oversold and created a buying opportunity.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 3.5% to $8.78. Investors have been buying Whitehaven Coal and other coal miners today after coal prices charged higher. This followed news that Russia has stopped pumping gas via the Nord Stream 1 pipeline to Europe, which is likely to lead to increased demand for coal in Europe.

The post Why Karoon Energy, Pilbara Minerals, PointsBet, and Whitehaven Coal are rising appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why broker JP Morgan just upgraded the Pilbara Minerals share price
• How are ASX 200 energy stocks performing on Tuesday?
• Whitehaven share price surges to yet another all-time high, here’s why
• The Whitehaven share price has surged 36% in a month. Why Morgans predicts more ‘supercharged returns’

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 Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/SbDfVlR

The S&P/ASX 200 Materials Index (ASX: XMJ) is falling 0.43% today, but three ASX mining shares are leaping following news of mineral discoveries.

The share prices of Victory Goldfields Ltd (ASX: 1VG), ABX Group Ltd (ASX: ABX), and Gascoyne Resources Ltd (ASX: GCY) are all in the green today.

Let’s take a look at what these explorers have discovered.

Gascoyne Resources

Gascoyne shares are soaring 15% today on the back of news from the company’s Dalgaranga Gold Project in Western Australia.

Reverse Circulation drilling intercepted with thick, high-grade gold. This included 50 metres at 4.58 grams per tonne gold (g/t) from 191 metres including 24 metres at 7.3 g/t.

Managing director Simon Lawson said:

Wherever we drill to test the extends of this beast we hit more gold.

These outstanding new results clearly demonstrate that we are dealing with a wide, high-grade and potentially very large gold system at Never Never.

ABX Group

The ABx Group Ltd (ASX: ABX) share price is surging 16% today. The company announced a “major expansion” of a rare earth discovery at the Deep Leeds project in Tasmania.

Drilling assays showed the extent of rare earth elements mineralisation has expanded 230% to 4.01 square kilometres. The company has started working on a maiden REE resource estimate for the project.

Commenting on the results, CEO Dr Mark Cooksey said:

The southwest trending channel delineated by holes DL403, DL450 and DL453 has been extended 750m westwards by hole DL520 that intersected 5m thickness of ionic adsorption clay REE mineralisation averaging 2,170 ppm TREO from 3m dept.

Victory Goldfields

The Victory Goldfields share price has risen as high as 22% today. Investors are buying up the ASX mining share after drilling results showed widespread REE mineralisation. This is at the company’s wholly-owned North Stanmore Project.

Results included:

• 4 metres at 2414 parts per million (ppm) Total Rare Earth Oxide (TREO) from 28 metres
• 8 metres at 1876 ppm TREO from 24 metres
• 12 metres at 1319 ppm TREO from 24 metres.

Executive director Brendan Clark said:

Victory is very excited to confirm the significant extension of a high grade rare earth element mineralisation that now covers an area of about 1km.

The Victory Goldfields share price has since declined to be trading flat in late trading today.

The post 3 ASX mining shares leaping on mineral discoveries appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 3 ASX mining shares rocketing higher today on new finds
• Guess which ASX mining share just exploded 30% on a new gold discovery

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.

from The Motley Fool Australia https://ift.tt/pFOLjy8

What an indecisive mood the markets seem to be in today. The S&P/ASX 200 Index (ASX: XJO) has bounced around for most of the day, giving up some healthy gains that we saw this morning. At present, the ASX 200 is in the red, recording a loss of 0.29% at just over 6,830 points.

So let’s delve a little deeper into these market gyrations and examine the ASX 200 shares currently topping the market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Incitec Pivot Ltd (ASX: IPL)

ASX 200 fertiliser and chemical manufacturer Incitec Pivot is our first share worth checking out this Tuesday. So far today, a sizeable 14.01 million Incitec shares have been bought and sold on the share market. This could be related to the investor presentation the company released to the markets this morning.

Investors don’t seem to approve of what was discussed though. The Incitec Pivot share price has tanked a chunky 2.74% today to $3.725 a share. It’s probably this selloff that has prompted the elevated volumes we are seeing.

Core Lithium Ltd (ASX: CXO)

Next up is ASX 200 lithium stock Core Lithium. As it currently stands, a notable 20.22 million Core Lithium shares have traded on the markets. There hasn’t been much in the way of news out from Core Lithium today.

However, as my Fool colleague Brooke looked at this afternoon, several positive developments in recent months have proven very lucrative for the Core Lithium share price.

The company is up a whopping 8.82% today so far to $1.48 a share, which puts Core’s gains at almost 10% over the past five trading days. It’s almost certainly this gain today that has resulted in the volumes we see.

Pilbara Minerals Ltd (ASX: PLS)

Finally today, we have another ASX 200 lithium share in Pilbara Minerals. This Tuesday has seen a hefty 25.28 million Pilbara shares fly around the ASX. There hasn’t been any news out of Pilbara either.

However, as we also looked at this afternoon, ASX broker JP Morgan has come out with an upgrade for Pilbara shares. The broker gave the company an outperform rating and boosted its 12-month share price target by 17% to $4.10.

Investors could have taken this to heart, given the Pilbara share price has gained a robust 6.49% to $3.94 a share. It could be a combination of these events that has led to the high volumes we are witnessing.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why is the Core Lithium share price surging 8% on Tuesday?
• Why broker JP Morgan just upgraded the Pilbara Minerals share price
• Here are the top 10 ASX 200 shares today
• Leading brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares on Monday

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.

from The Motley Fool Australia https://ift.tt/6tn5rsd

The Tyranna Resources Ltd (ASX: TYX) share price is rocketing on Tuesday, shooting out of the blocks from the open this morning.

Shares of the diversified minerals company currently trade for 4.3 cents each, a gain of 26.47% on the day.

It’s a much better performance than the S&P/ASX 200 Materials Index (ASX: XMJ) — it’s down 0.11% at the time of writing.

In fact, Tyranna shares have been on a hot run since May, reaping a 529% year-to-date return.

Let’s see what’s going on.

What happened?

There’s no news from the company today to make sense of the surge in the Tyranna share price.

However, momentum could be carried forward from 22 August when the company announced “outstanding results” from its Namibe lithium project in Angola, Africa.

The results came from assays (composition and quality analysis) from 50 rock-chip samples collected from the site in July.

Tyranna notes that half the samples contained spodumene. The rock chips contained also contained a high average concentration of lithium oxide at 3.21%.

Overall, the company notes this confirms that significant lithium mineralisation exists at its Namibe site and that it will explore previously untapped deposits.

Tyranna executive director Paul Willams said:

We are very excited by these results which provide further encouragement and confirmation that the Namibe Lithium Project contains substantial high grade spodumene mineralisation and justifies Tyranna’s acquisition of what is proving to be a valuable project. We have defined a larger drill-target area at the site known as 21n, and these results in particular provide further confidence in designing our maiden drilling program. We are looking forward to the next phase of exploration to test these areas at depth.

Tyranna Resources share price snapshot

The Tyranna share price is up 57% over the past month. By comparison, the Materials Index is down 2.37% over the same period while the S&P/ASX 200 Index (ASX: XJO) is 2.56% lower.

The company’s market capitalisation is around $98 million.

The post Why is ASX lithium share Tyranna rocketing 26% today? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• ASX 200 shares dip as RBA boosts interest rates by another 0.50%
• Does the iShares S&P 500 ETF (IVV) pay dividends?
• Woolworths share price edges higher as shareholders green light MyDeal takeover
• ‘We would like to see faster progress’: ASX 200 energy shares on notice
• 3 reasons to invest in Ethereum right now

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.

from The Motley Fool Australia https://ift.tt/sqZYThH

The Reserve Bank of Australia (RBA) announced a 0.50% increase in interest rates on Tuesday afternoon. That brings Australia’s benchmark cash rate to 2.35%.

This marks the fifth consecutive month of rate hikes from the central bank.

The RBA began tightening its policies on 4 May, when it raised rates from the historic low of 0.10% to a still quite modest 0.25%. That marked the first increase in interest rates since November 2010. At that time, the central bank raised the official cash rate by 0.25% to 4.75%.

Today, the RBA board also increased the interest rate on Exchange Settlement balances by 0.50% to 2.25%.

S&P/ASX 200 Index (ASX: XJO) shares had fallen 0.50% since this morning in the lead up to the central bank’s announcement at 2:30pm AEST. Since the announcement, ASX 200 shares have dipped another 0.1%, suggesting the market had broadly priced in the rate hike.

Why another interest rate hike from the RBA?

The RBA is determined to bring inflation back to its target rate of 2% to 3% “over time”.

The latest quarterly inflation figures came in at 6.1%. And that number is expected to peak higher by the end of the year before beginning to trend lower.

According to RBA governor Philip Lowe:

Inflation in Australia is the highest it has been since the early 1990s and is expected to increase further over the months ahead. Global factors explain much of the increase in inflation, but domestic factors are also playing a role. There are widespread upward pressures on prices from strong demand, a tight labour market and capacity constraints in some sectors of the economy.

Lowe said the bank expects inflation to begin falling, driven lower by the “ongoing resolution of global supply-side problems, recent declines in some commodity prices and the impact of rising interest rates”.

The RBA’s central forecast for CPI inflation is around 7.75% for 2022, “a little above” 4% over 2023 and around 3% in 2024.

Tight labour markets see wages beginning to rise

Lowe pointed to tight labour markets beginning to fuel wage growth. This could add to inflationary pressures as companies may then pass these costs on.

“Wages growth has picked up from the low rates of recent years and there are some pockets where labour costs are increasing briskly,” he said.

July’s unemployment rate dipped to 3.4%, the lowest in half a century.

The behaviour of household spending in the months ahead remains “an important source of uncertainty”.

On one side of the ledger, Australians have more job opportunities, rising salaries, and greater household savings levels accrued during the pandemic restrictions.

On the other side of that ledger, Lowe said, “Higher inflation and higher interest rates are putting pressure on household budgets, with the full effects of higher interest rates yet to be felt in mortgage payments.”

What’s next for RBA interest rate policies?

Looking ahead, Lowe said:

Price stability is a prerequisite for a strong economy and a sustained period of full employment. The Board expects to increase interest rates further over the months ahead, but it is not on a pre-set path.

The post ASX 200 shares dip as RBA boosts interest rates by another 0.50% appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Does the iShares S&P 500 ETF (IVV) pay dividends?
• Woolworths share price edges higher as shareholders green light MyDeal takeover
• ‘We would like to see faster progress’: ASX 200 energy shares on notice
• 3 reasons to invest in Ethereum right now
• Why is the Core Lithium share price surging 8% on Tuesday?

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.

from The Motley Fool Australia https://ift.tt/cVTYCpZ