Tag: Motley Fool

  • Why Lynas shares and one other ASX 200 rare earths miner are in this expert’s ‘core basket’

    Two mining workers in orange high vis vests walk and talk at a mining siteTwo mining workers in orange high vis vests walk and talk at a mining site

    Rare earths have been getting a lot of mentions lately as demand continues to soar for the group of metals.

    This has seen an uptick in demand for rare earths stocks, but not so much for the underlying metals themselves.

    Curiously, rare earths actually aren’t all that rare.

    They are, however, absolutely critical in the production and manufacture of a broad array of products. These products span segments ranging from defence to convection heating and of course, electric vehicles. Primarily, rare earths are used in magnets for each application.

    It should come as no surprise, therefore, to see the boutique and well-known investment advisory firm Jevons Global (JG) laying out its investment thesis on the “rare earths complex” in a recent report.

    Rare earths to flourish

    In the analysis from JG, Dr Kingsley Jones provides a deeper insight into the functions of rare earths. He describes their critical nature to society, and of course, the value proposition at hand.

    Dr Jones notes that whilst China is the number one global producer of rare earths, Australia sits in sixth spot “but ranked as the leading reserve nation amongst the developed world mining jurisdictions”.

    As part of the report, JG has developed a core basket of active producers, advanced development projects, and exposure to “promising downstream ventures”.

    JG chose companies based on their current production status, on the quality of feasibility studies, and how close they are to a final investment decision.

    Within that group, five stocks are listed, and immediately two names stand out.

    Why this advisory backs Lynas shares

    First is Lynas Rare Earths Ltd (ASX: LYC).

    Perhaps one of Australia’s better known rare earths miners, Lynas shares have caught a bid lately following recent company updates.

    Last week Lynas announced a $500 million expansion at its Mt Weld operations in Western Australia. Just prior to this, it posted its Q4 FY22 earnings report.

    Both updates were received positively by the market.

    Meanwhile, JG also names Iluka Resources Limited (ASX: ILU) in its core rare earths basket. Iluka has a unique exposure to the rare earths segment.

    It is a major exporter of mineral sands. This is a class of minerals that contains a number of essential ingredients for the manufacture of industrial metals and goods.

    It also mines monazie and xenotime, both of which fall under the rare earths umbrella.

    “Lynas Rare Earths and Iluka Resources enjoy very strong positions as anchor firms for an integrated mines to metals strategy,” Dr Jones writes in the report.

    “Whilst the dominance of these 2 players may distract investor attention from worthy new entrants, we consider the health of the industry will depend on a portfolio approach to investment,” he added.

    Lynas and Iluka shares are up 61% and 6% over the past 12 months of trade respectively, as seen below.

    TradingView Chart

    The post Why Lynas shares and one other ASX 200 rare earths miner are in this expert’s ‘core basket’ appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    Motley Fool contributor Zach Bristow 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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  • How are ASX copper shares performing after Monday’s surge?

    Open copper pipesOpen copper pipes

    The S&P/ASX 200 Materials Index is climbing 0.29% today. But what happened to ASX copper shares following yesterday’s explosion?

    Copper shares on the market include Oz Minerals Limited (ASX: OZL),  Sandfire Resources Ltd (ASX: SFR), Copper Mountain Mining Corporation (ASX: C6C) and 29Metals Ltd (ASX: 29M).

    So how are ASX copper shares performing today?

    What’s going on?

    Oz Minerals shares have lifted 1% today, while Copper Mountain shares have fallen 3%. Meanwhile, Sandfire Resources shares have dropped 0.62% and 29Metals shares have leapt 0.57%.

    The copper price is down 0.4% at the time of writing, trading economics data shows. In the past month, the copper price has lifted 4% but it has fallen nearly 18% in a year.

    This follows ASX copper shares exploding yesterday after Oz Minerals rejected a takeover bid from BHP Group Ltd (ASX: BHP). Data out of China also showed copper imports had surged in July compared to the same time last year.

    Oz Minerals highlighted it had a unique set of copper and nickel assets, with long-term growth potential. Especially given the world’s tendency toward global electrification and decarbonisation.

    In today’s news Commonwealth Bank of Australia (ASX: CBA) analyst Vivek Dah has warned any rebound in copper could be dependent on one major factor. He said, in comments cited by the Australian Financial Review:

    If we’re talking about a rebound in copper, it’s going to be conditional on China’s COVID-zero policy being reversed, and we really only see a possibility of that after the National Congress in November after Xi Jinping is voted in for his next term.

    Share price snapshot

    The Sandfire share price has shed near 25% in the past year, while the Copper Mountain share price has plummeted nearly 40%. Meanwhile, Oz Minerals shares have leapt 14% and 29Metals has lost 29%.

    For comparison, the ASX 200 Materials Index has fallen 10% in the past year.

    The post How are ASX copper shares performing after Monday’s surge? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    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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  • Why an RBA-issued crypto-like currency could soon be a reality

    A hand reaching into a computer to grab digital money, indicating a rise in the use of cryptocurrencyA hand reaching into a computer to grab digital money, indicating a rise in the use of cryptocurrency

    In what might seem like a dream to crypto fans, the Reserve Bank of Australia (RBA) is exploring whether the nation would benefit from a digital form of the Australian Dollar.  

    It will be a far cry from the example set by El Salvador. The nation adopted Bitcoin (CRYPTO: BTC) as legal tender in 2021.

    Instead, the RBA plans to create its own digital currency, dubbed central bank digital currency (CBDC), as part of a trial. To do so, it’s collaborating with the Digital Finance Cooperative Research Centre (DFCRC).

    The pair will work on a pilot that will ultimately see the CBDC used in a ring-fenced environment.

    Let’s take a closer look at the RBA’s latest pivot towards cryptocurrency-style tokens.

    Could Australia soon have its own crypto-like currency?

    Australia’s central bank is looking into creating its own digital currency, testing potential uses and benefits in a pilot program.

    However, crypto fans might not want to get too excited. The RBA’s digital currency, unlike cryptocurrency, will be backed by the central bank. Thus, It will work just like the Australian Dollar.

    RBA deputy governor Michelle Bullock reportedly told ABC’s The World Today that the pilot’s participants will purchase and use CBDC in a “closed loop” system. She continued:

    I suspect where its role might be more important is perhaps in delivery versus payment for physical assets.

    Possibly things like property, possibly things like gold — these sorts of things that might give businesses an opportunity to exchange real assets on a digital ledger for currency on a digital ledger.

    A project that will oversee the development of the pilot is expected to take around a year.

    It will look into innovative uses for a CBDC and business models that could be supported by its issuance. Finally, the project will consider some of the technical, legal, and regulatory considerations associated with a CBDC.

    A paper will be published in the next few months further explaining the project. It will also detail how industry participants will be able to engage in the program.

    DFCRC CEO Dr Andreas Furche commented on the research project, saying:

    CBDC is no longer a question of technological feasibility.

    The key research questions now are what economic benefits a CBDC could enable, and how it could be designed to maximise those benefits.

    The post Why an RBA-issued crypto-like currency could soon be a reality appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    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 Bitcoin. 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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  • Expert names one of the best ETFs for ASX investors to buy now

    A young man with short black fuzzy hair and wearing a black and white striped t-shirt looks surprised at a broker's tip that Macquarie shares will rise by 30%

    A young man with short black fuzzy hair and wearing a black and white striped t-shirt looks surprised at a broker's tip that Macquarie shares will rise by 30%If you’re looking for exchange traded funds (ETFs) to buy, then you may want to look at the VanEck Vectors MSCI World ex Australia Quality ETF (ASX: QUAL).

    This ETF has been rated highly by an expert, particularly in the current economic environment.

    Why the VanEck Vectors MSCI World ex Australia Quality ETF?

    The VanEck Vectors MSCI World ex Australia Quality ETF could be worth considering thanks to its focus on quality. This is seen as a big positive given the ongoing threat of recessions globally due to rising inflation and increasing rates.

    This ETF aims to provide investment returns of the MSCI World ex Australia Quality Index before fees and other costs.

    VanEck notes that the index has been created to capture the performance of quality stocks selected from the parent index, MSCI World ex Australia. It does this by identifying companies with high quality scores based on three key fundamental factors: high return on equity; stable year-on-year earnings growth; and low financial leverage.

    Companies deemed to be high quality enough to be included in the fund are the likes of Apple, Johnson and Johnson, Mastercard, Microsoft, Nestle, Nvidia, Pfizer, and Visa.

    Sarah Gonzales from Apt Wealth is a fan of the ETF. She also told Livewire:

    My preferred ETF is the VanEck MSCI International Quality ETF. I think it provides exposure to that quality factor, which tends to outperform in market downturns. It does focus on factors like return and equity, year-on-year growth of earnings and also levels of debt. These are proxies for profitability, earnings variability, and the level of debt of companies. Particularly if we are going into a recession,  I think these are really the factors that I think we should focus on.

    The post Expert names one of the best ETFs for ASX investors to buy now appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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

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  • Why Coronado Global, Lake, Megaport, and REA shares are storming higher

    A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price

    A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price

    In late trade, the S&P/ASX 200 Index (ASX: XJO) is on track to record a small gain. At the time of writing, the benchmark index is up 4.4 points to 7,024.4 points.

    Four ASX shares that are climbing more than most today are listed below. Here’s why they are storming higher:

    Coronado Global Resources Inc (ASX: CRN)

    The Coronado Global share price is up 5% to $1.59. This follows the release of the coal miner’s half year results this morning. Thanks to sky high coal prices, Coronado Global reported a 147.4% increase in revenue to US$1,978 million and a 3,204% jump in adjusted EBITDA to US$849 million.

    Lake Resources N.L. (ASX: LKE)

    The Lake Resources share price is up 15% to $1.23. This is despite there being no news out of the heavily shorted lithium developer. However, it is worth noting that a number of lithium shares are storming higher today. This follows a strong night of trade on Wall Street for lithium shares.

    Megaport Ltd (ASX: MP1)

    The Megaport share price is up 9% to $8.94. Investors have been buying this network as a service company’s shares following the release of its full year results. Megaport reported a 40% increase in revenue to $109.7 million and a 43% lift in monthly recurring revenue to $10.7 million. Management also revealed that it sees “strong momentum” heading into FY 2023.

    REA Group Limited (ASX: REA)

    The REA share price is up almost 7% to $132.52. This follows the release of the real estate listings company’s full year results. REA reported a 26% increase in revenue to $1.17 billion and a 25% jump in net profit to $408 million. Looking ahead, REA is targeting full year positive operating jaws for Australia in FY 2023.

    The post Why Coronado Global, Lake, Megaport, and REA shares are storming higher appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO and REA Group 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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  • ‘Phenomenal start’: Here’s why ASX gold share Tempus Resources just rocketed 53%

    Miner with thumbs up at mineMiner with thumbs up at mine

    The Tempus Resources Ltd (ASX: TMR) share price entered the stratosphere on Tuesday after coming out of a trading halt.

    During market open, the exploration company’s shares kicked off at 7.7 cents apiece but quickly shot up thereafter.

    These shares are now up an astonishing 53.33% to 9.2 cents apiece.

    Let’s take a closer look at what’s driving these gains today.

    Tempus Resources reports ‘highest grade intersections’

    Investors are fighting to get a hold of the Tempus Resources share price following the company’s assay results.

    In its release, Tempus Resources advised it has received assay results for the first three drill holes at the Elizabeth Gold Project.

    Located 200 kilometres north of Vancouver in Canada, drill holes EZ-22-01 through EZ-22-03 intersected blue vein gold mineralisation multiple times.

    In particular, drill-hole EZ-22-03 had the highest grades ever recorded at Elizabeth Gold Project.

    Some of the strongest assay results included:

    • 523.0 grams per tonne of gold over 0.42 metres from 96.91 metres
    • 32.7 grams per tonne of gold over 0.45 metres from 124.02 metres
    • 7.4g grams per tonne of gold over 1.73 metres from 164.41 metres

    In total, 18 drill holes have been completed so far in the program that commenced in late May.

    A further 15 holes are currently pending assay results, however no timeline has been given on this.

    Commenting on the results, Tempus Resources president and CEO Jason Bahnsen said:

    We have a phenomenal start, with drill-hole EZ-22-03 reporting the highest-grade intersections we’ve ever seen at Elizabeth!

    The spectacular grades are a cause for celebration given the Blue Vein was only discovered late last year but what’s potentially more important is that every hole had multiple gold intersections spaced relatively close together. This indicates potential for stacked high-grade vein mineralisation within a wider Blue Vein structure.

    About the Tempus Resources share price

    Despite today’s strong gains, the Tempus Resources share price has fallen almost 62% over the last 12 months.

    The company’s shares touched a near all-time low of 5.6 cents last Friday before leaping to April 2022 levels today.

    Tempus Resources presides a market capitalisation of roughly $14.34 million with approximately 155.93 million shares outstanding.

    The post ‘Phenomenal start’: Here’s why ASX gold share Tempus Resources just rocketed 53% appeared first on The Motley Fool Australia.

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

    Before you consider Tempus Resources Ltd, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Tempus Resources Ltd wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of July 7 2022

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    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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  • Why is the Polynovo share price powering 6% on Tuesday?

    Two scientists in a Rhythm Biosciences lab cheer while looking at results on a computer.Two scientists in a Rhythm Biosciences lab cheer while looking at results on a computer.

    The Polynovo Limited (ASX: PNV) share price is trading higher today amid a major announcement from the company.

    Shares of the medical devices company currently trade for $2.135 each, a 5.69% gain. Earlier today, the Polynovo share price hit an intraday high of $2.20 a share, a rise of 9%

    Let’s find out why investors are buying Polynovo shares today.

    What happened?

    Polynovo will receive $500,000 under the Victorian government’s Medtech Manufacturing Capability Program.

    The company said it will use the funds to buy and upgrade manufacturing equipment for its Novosorb Synpath products which are used in treating diabetic foot ulcers, among other applications.

    Polynovo chair David Williams said:

    Our SynPath product offers significant health economic and healing benefits over biologic-based products in the treatment and wound closure of diabetic foot ulcers and venous leg ulcers. The much appreciated government grant will support manufacturing the new product at our Port Melbourne plant from where we will ship to the world.

    Polynovo share price snapshot

    The Polynovo share price is currently up almost 40% year to date.

    The company’s shares are significantly outperforming the S&P/ASX 200 Healthcare Index (ASX: XHJ) which has contracted 3.3% so far in 2022.

    Across the broader market, the company is also beating the S&P/ASX 200 Index (ASX: XJO) year to date — it’s down around 6%.

    At its current share price, Polynovo has a market capitalisation of around $1.4 billion.

    The post <strong>Why is the Polynovo share price powering 6% on Tuesday?</strong> appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    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 POLYNOVO 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.

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  • Can the Bitcoin price reach US$30,000 again in 2022?

    A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin.A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin.

    The Bitcoin (CRYPTO: BTC) price is up 2% over the past 24 hours.

    The world’s original crypto is currently trading for US$23,850 (AU$34,176).

    This price bump puts bitcoin up some 5% since this time last week. But it remains down 50% in 2022, having traded for US$47,228 on 1 January.

    It’s not just the Bitcoin price that’s been under pressure this calendar year. Almost every crypto has sold off heavily. For example, the world’s number two token, Ethereum (CRYPTO: ETH), is down 53% year to date.

    We’ll look at some expert insight into whether Bitcoin can make it back to US$30,000 in 2022 in a tick.

    But first…

    Why have cryptos come under pressure?

    This year has locked in the reality that, for now at least, cryptos trade very much like other risk assets, such as high-growth tech shares.

    And like other risk assets, the Bitcoin price soared higher for much of 2021 as global interest rates remained at historic lows and central bankers forecast little change for several years to come.

    As you’re aware, those forecasts proved to be a tad rosy. Soaring inflation in 2022 has ushered in multiple interest rate rises from the United States Federal Reserve, the Reserve Bank of Australia, and numerous other central banks across the world.

    These rapidly tightening monetary policies saw the tech-heavy NASDAQ fall 31% from its mid-November 2021 highs through to the end of June this year.

    As for the Bitcoin price, it crashed from its own 10 November all-time high of US$68,790 to hit a low of US$17,708 on 19 June. It’s up 34% since then.

    With that said, can the leading digital token get back to US$30,000 in 2022?

    More institutional flows could boost Bitcoin price

    Asked about his outlook for Bitcoin and any potential for recouping the US$30,000 price level in 2022, Michael Novogratz, founder of crypto financial services firm Galaxy Digital Holdings, said we need to see more institutional investor interest returning first.

    According to Novogratz (courtesy of Bloomberg):

    Will Bitcoin get through $30,000 on this move up? We will see – I’m doubtful. I think we’re going to probably be in this range now. I quite frankly would be happy if we’re in a $20,000, $22,000 or $30,000 range for a while. We’re not seeing huge institutional flows, to be fair, but we’re not seeing anyone back away.

    The billionaire pointed to the Fed’s tightening policies, adding that in this environment, “I don’t see the mania that we saw in 2021 or 2017 reigniting”.

    When the Fed does eventually reverse course, it should spur renewed institutional and retail investor appetite for risk assets. And the Bitcoin price is likely to benefit.

    The post Can the Bitcoin price reach US$30,000 again in 2022? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    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 positions in and has recommended Bitcoin and Ethereum. The Motley Fool Australia has positions in and has recommended Bitcoin and Ethereum. 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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  • Here are the 3 most heavily traded ASX 200 shares on Tuesday

    An office worker and his desk covered in yellow post-it notes

    An office worker and his desk covered in yellow post-it notes

    This Tuesday has been a rather bouncy one for the S&P/ASX 200 Index (ASX: XJO). At the time of writing, the ASX 200 is down a slight 0.08% at just over 7,015 points after several stints in both positive and negative territory throughout the trading day.

    But rather than trying to figure all of that out, let’s instead check out the ASX 200 shares that are currently topping the share market’s trading volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume this Tuesday

    Liontown Resources Limited (ASX: LTR)

    First up today is ASX 200 lithium stock Liontown Resources. So far this Tuesday, a notable 25.86 million Liontown shares have been traded on the share market. There’s been no fresh news out of the company. But the Liontown share price itself has had an absolute corker.

    The company is presently up a healthy 6.34% at $1.71 a share after rising as high as $1.78 earlier this afternoon. It’s this sharp rise that has probably elicited the high volumes we are seeing.

    Core Lithium Ltd (ASX: CXO)

    It’s another ASX 200 lithium stock up next today. This Tuesday has seen a hefty 28.8 million Core Lithium shares bought and sold. There hasn’t been much out of Core Lithium either. But once again, we have a large share price rise on display today.

    Core Lithium shares are presently up an even more pleasing 8.97% at the time of writing at $1.48 a share. It’s this massive share price run that is undoubtedly behind so many shares trading.

    Lake Resources N.L. (ASX: LKE)

    At the risk of sounding like a broken record, we have yet another ASX 200 lithium share rounding out our list today in Lake Resources. A sizeable 63.35 million Lake shares have swapped hands as it currently stands. This one is a doozy.

    This elevated volume is almost certainly a consequence of Lake’s massive 25.77% surge we’ve seen today to $1.35 a share. Like with the other lithium shares today, this phenomenal share price rise seems to have been prompted by a whole lot of not much. All is silent on the Lake Resources front today when it comes to ASX announcements. There must be something in the water…

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

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    Motley Fool contributor Sebastian Bowen 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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  • Why Block, CBA, Mesoblast, and NAB shares are dropping today

    A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the Electro Optic Systems share price declines today on news the CEO has resigned

    A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the Electro Optic Systems share price declines today on news the CEO has resigned

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up slightly to 7,024.4 points.

    Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

    Block Inc (ASX: SQ2)

    The Block share price is down over 2% to $123.99. This follows a poor night of trade for the payments company’s NYSE listed shares. Investors were selling its US based shares after investors were spooked by a disappointing update from a tech giant.

    Commonwealth Bank of Australia (ASX: CBA)

    The CBA share price is down almost 1.5% to $101.31. This appears to have been driven by the release of an update from a big four rival and a broker note out of Morgan Stanley. In respect to the latter, the broker has retained its underperform rating with an $82.00 price target on the banking giant’s shares.

    Mesoblast limited (ASX: MSB)

    The Mesoblast share price is down 6% to 87.5 cents. This morning the allogeneic cellular medicines developer announced the completion of a US$45 million (A$65 million) placement to institutional investors. This was led by its largest shareholder, M&G Investments, and strongly supported by its major Australian and American shareholders. The private placement was undertaken at 19.4% discount of A$0.75 per share.

    National Australia Bank Ltd (ASX: NAB)

    The NAB share price is down 3% to $29.74. Investors have been selling this banking giant’s shares after its third quarter update disappointed. Although NAB delivered a cash profit that was in line with expectations, it raised its cost growth guidance for the second time in FY 2022. It now expects cost growth of 3% to 4% for the year.

    The post Why Block, CBA, Mesoblast, and NAB shares are dropping today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of July 7 2022

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. 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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