Tag: Motley Fool

ASX mining shares have continued their rebound since July and are now trading back in the green. Investors have wound up the metals and mining trade amid a number of macroeconomic catalysts.

The benchmark S&P/ASX 300 Metals and Mining Index (ASX: XMM) is up 9% over the past month after a 5.1% gain this past week.

Meanwhile, these 3 ASX mining shares have clipped a more than 20% gain in today’s session.

Tempus Resources Ltd (ASX: TMR)

Shares in ASX small cap Tempus have rocketed 52% after the company announced it had intersected gold at its Elizabeth Gold Project.

Tempus said it had received assay results for the first three drill holes of its 2022 drilling campaign at Elizabeth.

One drill hole “returned ‘bonanza’ grades including the best intersection ever encountered at Elizabeth Gold Project.” Assays over widths of up to 1.7 metres in multiple intersections were found.

Tempus Resources President and CEO, Jason Bahnsen said “the spectacular grades are a cause for celebration given the Blue Vein was only discovered late last year…”

Tempus shares are down 17% this year to date and have recently bounced along 52-week lows since July.

DevEx Resources Ltd (ASX: DEV)

DevEx shares have tracked 28% into the green today following a company update regarding its Nabarlek Uranium Project in the Northern Territory.

The company advised that initial diamond drilling has intersected high-grade uranium mineralisation at the site.

Hole number two intersected 10.7 metres @ 1.2% eU3O8 from 123.4 metres, including 3.2 metres @ 3.1% eU3O8. Meanwhile, Hole number four intersected 9.1 metres @ 0.15% eU3O8 from 50.5 metres.

Both finds extend the previously known uranium mineralisation a further 25 metres down-plunge from the historical intercepts.

DevEx Managing Director, Brendan Bradley said drilling at the Nabarlek site “is off to a flying start” following the discoveries.

“The historic Nabarlek uranium mine has shown that these high-grade deposits can exist within a
lens of between 30m and 75m in length,” he added.

DevEx shares have soared 60% into the green over the past 12 months.

Minerals 260 Ltd (ASX: MI6)

The final ASX mining share pushing 20% or more today is Minerals 260. It is up 20% to 33 cents in late afternoon trading.

Investors have rallied the stock today on no news. Noteworthy, however, is that both gold and copper prices have reversed off their 52-week lows and have retraced a small percentage of gains.

As seen on the chart below, the ASX miner is sensitive to movements in the underlying metals markets it is exposed to. Six-month returns are shown below.

With that in mind, it stands to reason that strength in the gold and copper markets has transferred to Minerals 260.

Since listing last October, the Minerals 260 share price has clipped a 45% loss.

The post 3 ASX mining shares rocketing by more than 20% today appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX mining share is surging 43% on a new uranium find

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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This time two years ago the Webjet Limited (ASX: WEB) share price was deep in a pit of COVID-19 induced despair.

The company has since picked itself up by the bootstraps, returning to profitability in the second half of financial year 2022.

Right now, stock in the online travel agency is swapping hands for $5.07. That’s around 63% higher than it was at this point of 2020.

But after such a meteoric rise, does the travel share have anything left in the tank? Let’s take a look at what experts are saying.

What might the future bring for the Webjet share price?

The Webjet share price suffered through the worst of the pandemic before recently marking its return to profitability.

On posting its results for financial year 2022 – which, in the case of the company, ran to 31 March 2022 – it noted it ended the second half in the green despite posting a full year statutory loss of $85.4 million.

It also said it expects to reach pre-pandemic booking volumes in financial year 2023.

And analysts at Wilson Asset Management think it could get there sooner than others expect.

Senior analyst Shaun Weick has picked Webjet as a ‘buy’, as my Fool colleague Tony reports. Weick said:

If you look at consensus analyst estimates on [Webjet], you’re essentially implying a recovery to pre-COVID in the second half of 2023. We think that’s too conservative …

We think the market’s under appreciating the technology investments that they’ve made and the upside that provides.

Meanwhile, Morgans senior analyst Belinda Moore noted Webjet was among the broker’s top travel buys last month as it tipped a (slower than previously expected) recovery for the industry.

Though, not all experts see blue skies ahead for the Webjet share price.

As my colleague Zach reported last month, many are split between recommending Webjet stock as a buy or a hold.

Only 46% of the brokers referenced by Refinitiv Eikon data said it was a buy. They tipped a consensus price target of $5.94.  

While it’s much higher than it was 24 months ago, the Webjet share price has slumped 6% year to date. It’s also traded flat over the last 12 months.

The post It’s gained 60% in 2 years, does the Webjet share price still have room to grow? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX 200 shares to buy for a post-COVID resurgence: experts
• Here’s what I consider to be the very best ASX 200 share to buy in August
• Why did the Webjet share price trail the ASX 200 in July?
• Why is the Webjet share price having such a great start to the week?
• Why are ASX 200 travel shares having such a stellar session?

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Webjet Ltd. 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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1) The meme-stock frenzy has returned with the Wall Street Bets crowd likely piling into speculative US stocks like Bed Bath & Beyond and AMC Entertainment.

Bloomberg reports Bed Bath & Beyond stock “nearly tripled at one point during its nine-day winning streak, while the AMC capped a 65% rally of its own as speculative pockets of the stock market surge.”

Bed Bath & Beyond is a struggling home-goods retailer dealing with slowing demand and elevated inventory levels. In late June, one bearish analyst said the company is in “the end days” after a “dumpster fire” first quarter report.

Still, that’s music to the ears of the Wall Street Bets crowd, who pride themselves on collectively “sticking it” to the hedge funds who are short the stock. Such funds are sometimes forced to buy back their short positions, exacerbating the upward swing in the stock price… hence a stock like Bed Bath & Beyond surging almost 400% in less than two weeks.

Such organised, co-ordinated and collective action is illegal in Australia, so don’t try this at home. Also, it’s the antithesis of The Motley Fool’s business focus investing philosophy. This is nothing more than pure speculation, something that usually ends badly. 

What it does potentially signal is the renewed interest of retail investors. Probably not to the same extent as the COVID stay at home boom of March 2020, but there are signs of life.

Already we’ve seen former ASX darling Zip Co Ltd (ASX: ZIP) soar 140% in the past month, with fellow fallen buy now pay later company Sezzle Inc (ASX: SZL) up over 110% in the same period. Other short-term winners include Cettire Ltd (ASX: CTT) and Airtasker Ltd (ASX: ART), up 78% and 48% respectively over the past month.

Even after these dramatic moves – some of which may be justified given the indiscriminate tax loss selling seen in June – it’s unlikely these companies, and many other former ASX fliers, will get back anywhere near their all-time highs in the foreseeable future. Buyer beware.

2) The push and pull of markets continues as the economy refuses to roll over into recession. The AFR reports that according to ANZ, “Australian consumers are continuing to spend on big items despite rising inflation and interest rates.”

With an unemployment rate of just 3.5%, the lowest since August 1974, and job vacancies almost equal to the number of people unemployed, Australian consumers are happy to spend up, safe in their jobs, deferring the consequences of higher rent and mortgage payments to a later day.

3) Sadly, not all are safe in their jobs, with telco infrastructure company Megaport Ltd (ASX: MP1) laying off 35 staff even though it reported a positive EBITDA in the fourth quarter. 

Gone are the days when tech companies could rely on the capital markets to replenish their cash burn as they went all in on growth. The game now is to get to break-even free cash flow to avoid taking on expensive debt or worse, a heavily dilutive capital raise when share prices are low.

On the plus side, gone also are the days when these former darlings would see their share prices smashed on any hint of a slowing in growth – the Megaport share price has jumped 8% higher to $8.85 in Tuesday trading despite it laying off staff.

Although it’s up a whopping 80% in the past few weeks, the Megaport share price is still down almost 60% from its November 2021 highs. It’s a long way back. 

4) Like many of the top S&P/ASX 200 Index (ASX: XJO) stocks, the National Australia Bank Ltd (ASX: NAB) share price has been remarkably resilient during this period of extreme stock market volatility, up 10% in the past 12 months.

Today though, unlike the smashed up tech stocks, a decent trading update has seen the NAB share price fall 3.3% in Tuesday trade. Put it down to a lower net interest margin as higher funding costs and a tough competitive environment in mortgages weighed on profits.

As any customer with a savings account will know, banks should be beneficiaries of higher interest rates as the gap between what they pay depositors and charge lenders gets wider. Not so NAB, not yet anyway.

On the plus side, NAB are seeing few signs of mortgage stress, with troubled loans at just 0.7%, down from 0.75% in the prior quarter.

Writing in the AFR, James Thomson says an economy with low unemployment and a high level of household savings should provide resilience this cycle.

“If consumer spending can moderate as appears likely, and wage growth doesn’t get out of control, perhaps the soft landing that the RBA craves can be engineered.”

“Soft landing.” Those two words are music to the ears of stock market bulls.

Despite today’s fall in the NAB share price, the ASX 200 is trading in positive territory in early afternoon Tuesday trading. 

Down just 5.6% year to date, during a period where we’ve seen central banks raise interest rates at almost unprecedented rates, the ASX 200 could just finish 2022 in positive territory. It would be a truly remarkable turn of fortune.  

The post In this most volatile of years, the ASX 200 is within shouting distance of turning positive appeared first on The Motley Fool Australia.

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• Here are 2 reasons why I like the Endeavour share price today
• ‘Capital light and scalable’: Expert picks 2 ASX shares to buy now while CHEAP
• 5 things to watch on the ASX 200 on Tuesday
• Nickel Industries share price slips on $225 million debt capital raise
• Here are the top 10 ASX 200 shares today

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The BrainChip Holdings Ltd (ASX: BRN) share price is fired up on Tuesday despite no announcements from the company.

At the market open, the artificial intelligence (AI) technology company’s shares started off at $1.13.

However, throughout the day, the shares have gradually climbed to reach an intraday high of $1.21, up 6.14%.

Let’s take a look at what’s moving the BrainChip share price today.

Why is BrainChip soaring on Tuesday?

Investors are bidding up the BrainChip share price following a broader uptick in the S&P/ASX All Technology Index (ASX: XTX).

After touching a 23-month low of 1,756 points, the ASX tech sector has continued to rebound strongly as investor confidence grows.

Today, the benchmark index for Australian technology-orientated companies is up 1.77% to 2,299 points, making it the best-performing sector.

The market appears to have shrugged off the weaker-than-expected revenue from Nvidia Corporation and other semiconductor companies.

Currently, the NASDAQ 100 futures are in the green by 0.23% as Wall Street looks ahead to more earnings results and inflation data. This will provide a clearer sign on how the economy is tracking and if another rate hike is around the corner.

The July consumer price index in the US is due to be released on Wednesday.

Whatever happens on the NASDAQ will undoubtedly impact the ASX following the latest inflationary report.

Investors may want to keep a close eye on this piece of information.

BrainChip share price snapshot

Since the beginning of March, the BrainChip share price has been in a sideways channel around the $1 mark.

This is a sharp contrast from when its shares were fetching $2.34 at the start of 2022.

Nonetheless, if you invested 12 months ago, you’d be up 116%.

BrainChip presides a market capitalisation of approximately $1.95 billion.

The post Why is the BrainChip share price bouncing 6% higher today? appeared first on The Motley Fool Australia.

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More reading

• This US investment house has made tens of millions from Brainchip. Guess which other ASX share it’s backing
• Here are the top 10 ASX 200 shares today
• Why did the BrainChip share price rocket 36% in July?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why BrainChip, Fortescue, PointsBet, and Zip shares are dropping

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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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.

Contrary to popular belief, the metaverse is not a new notion. The term was coined by bestselling author Neil Stephenson in his science fiction novel Snow Crash all the way back in 1992. That said, there’s no doubt that the concept has been generating more headlines of late as a host of businesses race to cash in on this idea of a persistent 3D virtual world backed by technologies including virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and blockchain.

Generally speaking, investors tend to view metaverse-centric companies such as Roblox Corporation (NYSE: RBLX) and Unity Software as riskier investments, but there are some exceptions. Let’s have a look at two safer stocks that offer investors a great chance to profit from the creation of the metaverse. And by safe, I mean these companies are already strongly profitable and cash-flow positive, but still have tremendous upside potential in the metaverse arena.

1. Nvidia 

Nvidia‘s (NASDAQ: NVDA) graphics processing units (GPUs) and system-on-a-chip products are widely relied upon for gaming and 3D simulation, cryptocurrency mining, and the development of other business applications, many of which will be foundational to the metaverse. Likewise, its on-the-rise NVIDIA Omniverse platform has a chance to revolutionize the world as we know it. In essence, Omniverse is a platform designed for 3D real-time simulation and design collaboration. For example, BMW Group has used the platform to design a future car factory, creating and simulating an exact “digital twin” of the facility. Between Nvidia’s hardware and its Omniverse platform, it’s one of the companies with the most potential upside in the metaverse.

In its fiscal 2023 first quarter, which ended May 1, Nvidia’s total sales soared 46.4% year over year to $8.3 billion, and its adjusted earnings per share increased 49.5% to $1.36. On the profitability front, its adjusted gross and operating margins expanded by 90 and 255 basis points, respectively, to 67.1% and 47.7%. During the quarter, the tech giant also generated $1.4 billion in free cash flow, bringing its total over the past 12 months to $7.9 billion. As of the end of the quarter, Nvidia had $20.3 billion in cash and marketable securities on the books. For the year, Wall Street analysts expect the company’s revenues and earnings to climb by 23.9% and 20.3%, respectively, to $33.3 billion and $5.34 per share.

Those are rock-solid growth rates, and given that its shares have plunged by 36% since the start of 2022 and its current price-to-earnings ratio of 50.9 is well below its 5-year average of 59.0, Nvidia appears to be a smart investment today. 

2. Meta Platforms

As evidenced by its name change from Facebook to Meta Platforms (NASDAQ: META), this company is fully committed to its metaverse transformation. The social media giant’s Reality Labs business segment is focused on developing VR and AR hardware and software, such as its Oculus Quest 2 headset, in addition to other metaverse platforms like Horizon Worlds. In the second quarter, Meta’s research and development spending rose by 42.6% year over year to $8.7 billion as it continued to ramp up its investments in the space. Meanwhile, Reality Labs booked a $2.8 billion operating loss, wider than its $2.4 billion loss in the same quarter a year ago.

It will take time for the company’s metaverse plans to come to fruition, but investors shouldn’t fret. The social media king has $40.5 billion in cash and marketable securities on the books, and has generated $35.8 billion in free cash flow over the past year. And its revenue from advertising — the backbone of its business — totaled $28.2 billion in the quarter, equal to 98% of total sales.

In short, Meta is well-funded to further its metaverse ambitions, all while enjoying a steady stream of income from its world-class ad business via its Facebook platform. Today, the Facebook platform boasts 2.9 billion monthly active users, equal to more than one-third of the global population. And similar to Nvidia, Meta has had a rough year in the stock market up to this point. Its shares have fallen by about 50% since the beginning of 2022. That has dragged its price-to-earnings ratio down to an all-time low of 13.6, well below its five-year average of 27.9. 

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

The post Here are 2 safe Metaverse stocks for risk-averse investors appeared first on The Motley Fool Australia.

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• This NFT-linked cryptocurrency just surged into a top-30 spot
• Why GameStop stock is gaining today
• The 1 reason Amazon shares may not be a buy right now
• How did the BetaShares Metaverse ETF perform on its ASX debut?
• 5 tech stocks sending the Nasdaq higher on Wednesday

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Luke Meindl 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 Meta Platforms, Inc., Nvidia, and Roblox Corporation. The Motley Fool Australia has recommended Meta Platforms, Inc. and Nvidia. 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.

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The DevEx Resources Ltd (ASX: DEV) share price is riding an enormous wave on Tuesday after announcing the discovery of high-grade uranium. 

DevEx shares are currently swapping hands for 38.5 cents a share, 28.33% higher than yesterday’s closing price. Earlier today, the company’s shares hit 43 cents a share, an intraday spike of more than 43%.

The ASX minerals explorer seems to have struck early success at its 100%-owned Nabarlek Uranium Project. 

Let’s get stuck into some further details on the company’s project milestone.

What has DevEx found? 

The Nabarlek Uranium Project is located in Alligator Rivers Uranium Province in the Northern Territory.

The Nabarlek uranium mine is considered Australia’s highest-grade uranium deposit with past production of 24Mlbs @ 1.84% U3O8. The DevEx drill campaign has uncovered the following uranium equivalent intercepts:

• 10.7m @ 1.20% eU3O8 from 123.4m, incl 3.2m @ 3.05% eU3O8
• 9.1m @ 0.15% eU3O8 from 50.5m, incl 0.4m @ 0.80% eU3O8

The region presents a major opportunity for the company as uranium may play a central role in a low-carbon future.

As well, electric vehicles need electricity to recharge and uranium can act as a primary energy source. 

This likely explains why optimism has rocketed the DevEx share price today.

The drill result ultimately means DevEx now knows such high-quality uranium exists. As a result, the drilling programme will be expanded with a second rig arriving shortly, according to the company. 

Management upbeat about future prospects

DevEx managing director Brendan Bradley said: 

Our 2022 drilling programme at Nabarlek is off to a flying start, with the early success at Nabarlek South and North Buffalo clearly demonstrating the scale and quality of the opportunity in this highly endowed uranium field. The historic Nabarlek uranium mine has shown that these high-grade deposits can exist within a lens of between 30m and 75m in length.

It’s important to focus on Bradley’s comment about the quality of the opportunity. The company’s fortunes are not yet set in stone because the uranium deposits need to be extracted before they can be sold. 

My view on the DevEx share price

In the last twelve months, the DevEx share price has risen by around 64%.

It’s certainly taken the opposite trajectory to the S&P/ASX 200 Index (ASX: XJO) which has fallen by around 7% in the last year.  

DevEx has a current market capitalisation of $121 million at the time of writing. 

I believe it’s important to understand the enormity of this discovery. It’s essentially moved DevEx further away from the proof of concept stage and closer to commercialisation. 

DevEx shares are a less speculative investment now but what does the future hold for the uranium market when more deposits are discovered by competitors? 

Also, what is the likelihood of there being an oversupply? 

These are some of the risks I’d be considering in evaluating DevEx as a potential investment. 

The post Guess which ASX mining share is surging 43% on a new uranium find appeared first on The Motley Fool Australia.

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Motley Fool contributor Raymond Jang 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 lithium shares are charging higher today.

Drilling down to some of the biggest lithium stocks, the Lake Resources NL (ASX: LKE) share price is soaring 27.2%, shares in Core Lithium Ltd (ASX: CXO) have gained 9.3%; Allkem Ltd (ASX: AKE) shares are up 1.4%; and the Pilbara Minerals Ltd (ASX: PLS) share price is up 1.35%.

The big-name ASX lithium shares are handily beating the 0.2% gains posted by the All Ordinaries Index (ASX: XAO) at the same time.

So, what’s going on?

United States bill set to boost electric vehicle market

ASX lithium shares could be getting an extra boost today following the passage of a major spending bill in the US Senate addressing healthcare and climate change.

Of the roughly US$437 billion greenlighted by the Senate, some US$347 billion is earmarked for climate and energy spending.

It was a narrow victory for the White House-sponsored bill, with all 50 republicans voting against, tying the 50 democrats voting in favour. In the end, the bill passed 51 to 50 with a tiebreaking vote from Vice President Kamala Harris.

The House still needs to vote on the bill. But it’s widely expected to sail through that process, with democrats holding a majority of seats. President Joe Biden, an advocate of the bill, will then need to sign it into law.

So, how could this development further energise ASX lithium shares in the future?

Atop the wider focus on emissions reduction, the bill ends per-manufacturer limits for the US$7,500 tax credit for new electric vehicles (EVs).

As Electrek reported, the EV credit will be renewed commencing January 2023 and run for 10 years.

Under the previous legislation, EV tax credits had a cap of 200,000 cars per manufacturer. Tesla Inc and General Motors Company had already exceeded that cap “years ago”. Toyota Motor Corp exceeded the cap this quarter, with other EV manufacturers also looking to surpass that cap.

Importantly for ASX lithium shares, the bill includes language that stipulates “critical minerals” for the EV batteries must be sourced in the US, or from a nation with a free trade agreement with the US.

The US is eager to diversify its supply sources of critical battery minerals away from China, which has long dominated the industry.

How have these ASX lithium shares been tracking longer term?

Over the past 12 months, the Lake Resources share price has surged 98%.

The Core Lithium share price has performed even better, up 263% since this time last year.

Allkem is another ASX lithium share that has had a strong year, up 42%. The Pilbara Minerals share price is up 43%.

For some context, the All Ordinaries is down 7% over the 12 months.

The post Could this development further energise ASX lithium shares in FY23? appeared first on The Motley Fool Australia.

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More reading

• Why is the Core Lithium share price leaping 10% on Tuesday?
• Why is the Lake Resources share price powering up 17% today?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Why is the Lake Resources share price leaping 11% today?

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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The Pointsbet Holdings Ltd (ASX: PBH) share price is currently up by 7%. That means that it’s now up by 12% for the week.

Pointsbet shares have gone up so much that it has risen by around 37% since 1 August 2022.

Today’s 7% rise comes at the same time that the S&P/ASX 200 Index (ASX: XJO) is up by just 0.1%. So, Pointsbet’s share price has experienced significant outperformance.

The Jumbo Interactive Ltd (ASX: JIN) share price is down 1.4% and the Tabcorp Holdings Limited (ASX: TAH) share price is up 0.7%. So, it’s not as though the entire ‘gambling sector’ is soaring.

The company hasn’t released any material information today. The last news that investors heard was the FY22 fourth quarter update. Updates can have an influence on the Pointsbet share price.

Quarterly recap

Looking at the overall numbers (which is Australia and the US combined), Pointsbet said that sports betting turnover for the quarter was $1.3 billion, up 32%. The sports betting gross win was up 24% to $122 million and (including iGaming) the total net win was up 41% to $85.8 million.

This meant that, for FY22, sports betting turnover was up 32% to $5 billion, the gross win went up 41% to $497.8 million and the overall net win (including iGaming) jumped 48%.

Pointsbet share price snapshot

Since the beginning of 2022, Pointsbet shares have fallen 44% despite today’s rise.

The post Investors are betting on the Pointsbet share price today, it’s up 7% 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
• Here are the top 10 ASX 200 shares today
• Why is the Pointsbet share price up 8% on the ASX today?
• Why BrainChip, Fortescue, PointsBet, and Zip shares are dropping

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 Jumbo Interactive Limited and Pointsbet Holdings Ltd. The Motley Fool Australia has recommended Jumbo Interactive Limited and Pointsbet Holdings Ltd. 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 Endeavour Group Ltd (ASX: EDV) share price has been one of the better performers on the S&P/ASX 200 Index (ASX: XJO) in recent times. Although Endeavour shares have only been on the ASX boards for a little over a year, the company has certainly made a big impact.

The Endeavour share price is currently trading at $7.80, down 0.95% for the day so far. But that still puts Endeavour up almost 15% year to date in 2022 thus far.

It also means Endeavour shares have risen 12.7% over the past 12 months, and a pleasing 28% since the company first listed in its own right back in June 2021.

In contrast, the ASX 200 remains down 7.5% in 2022 thus far, and down by 6.84% over the past 12 months. So Endeavour has been a bona fide market beater.

So we’ve already established that Endeavour has the capacity to outperform the broader markets. But here are two more reasons why I like the Endeavour share price for investment today.

The first reason why I like the Endeavour share price: Dividends

The first is dividends. So Endeavour used to be part of Woolworths Group Ltd (ASX: WOW) before it was spun out last year. Woolworths shares have always been a solid income investment, and today the company has a dividend yield of 2.46%.

But since Endeavour left the Woolworths nest, it has taken its dividends to the next level. Its first dividend was the final payment of 7 cents per share, fully franked, that investors received in September last year.

This year, Endeavour upped the ante, delivering an interim dividend of 12.5 cents per share, also fully franked. That’s an increase of close to 80% on its first payment.

Today, these payments give Endeavour a trailing dividend yield of 3.21%. That’s a solid yield and one that exceeds what its old parent company currently has on the table.

The second reason: The nature of the business

The second reason I like the Endeavour share price today is the inherent nature of the business. Endeavour is a consumer staples company that primarily sells alcoholic beverages.

Its BWS and Dan Murphy’s bottle shop chains are well known in Australia and have considerable market share and brand recognition. Alcohol is a vice and sales tend to be fairly stable, regardless of the economic climate.

This makes Endeavour a very recession-resistant company that will likely prosper in good times and bad. And that makes it a useful addition to any ASX share portfolio in my view. 

So that’s why I like the look of the Endeavour share price today. The company has had a very successful start to ASX life on its own terms, and I don’t see any reason why this success can’t continue.

At the current Endeavour share price, this ASX 200 company has a market capitalisation of $14.09 billion.

The post Here are 2 reasons why I like the Endeavour share price today appeared first on The Motley Fool Australia.

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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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The Core Lithium Ltd (ASX: CXO) share price is taking off on Tuesday, marking its fifth consecutive day in the green.

The stock is trading at $1.50 at the time of writing. That’s 9.93% higher than it was at yesterday’s close and 33% higher than it was this time last week.

For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.08% right now having gained 0.4% over the last week.

So, what’s going on with the Core Lithium share price today? Let’s take a look.

What’s driving the Core Lithium share price higher?

The Core Lithium share price is surging upwards alongside many of its ASX lithium peers.

Indeed, the S&P/ASX 200 Materials Index (ASX: XMJ) is currently up 0.6%, led by the Lake Resources N.L. (ASX: LKE) share price. It’s leapt 23% to trade at $1.33 right now.

Other ASX 200 lithium shares are also up, with Liontown Resources Limited (ASX: LTR) and Allkem Ltd (ASX: AKE) rising 8.2% and 1.8% respectively.

Interestingly, there’s been no major news from any of the lithium favourites today. Though, there has been a bit going on with the sector this week.

Firstly, ASX lithium producers were found to be best in class in terms of environmental, social, and governance (ESG) criteria, The Canberra Times reported yesterday.  

Pilbara Minerals Ltd (ASX: PLS) and Mineral Resources Limited (ASX: MIN) reportedly topped the list compiled by Benchmark Mineral Intelligence.

Meanwhile, bullish guidance from major US lithium solutions producer Albemarle has hit headlines this week.

The company’s CEO Kent Masters expects the lithium market will continue to be tight for most of this decade, the Financial Times reports.

Such a happening would likely support lithium prices for years to come, bringing good news for the material’s producers.

The Core Lithium share price has gained 138% since the start of 2022. It’s also 266% higher than it was this time last year.

The post Why is the Core Lithium share price leaping 10% on Tuesday? 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 3 most heavily traded ASX 200 shares on Monday
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why Core Lithium, European Lithium, Incannex, and Qantas shares are pushing higher

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 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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