Tag: Motley Fool

  • Why is the Appen share price charging 6% higher?

    A man reacts with surprise when her see a bargain price on his phone

    A man reacts with surprise when her see a bargain price on his phone

    The Appen Ltd (ASX: APX) share price is having a better day on Thursday.

    And falling heavily this week, the artificial intelligence data services company’s shares are rebounding today.

    In late trade, Appen’s shares are up 6% to $4.40.

    Why is the Appen share price rising?

    Today’s gain appears to have been driven by a couple of factors.

    The first is the technology sector racing higher today following a very strong night on the tech-focused NASDAQ index.

    This has led to the S&P/ASX All Technology Index rising 2.4% in afternoon trade on Thursday.

    What else?

    It is worth remembering that Appen’s shares have been smashed again this week following the release of a very disappointing trading update. Its shares are down 24% since the start of the week even after today’s gain.

    Some investors may believe that the Appen share price had been oversold and have been picking up shares today.

    Though, one broker that isn’t recommending investors jump in just yet is Macquarie. Yesterday, the broker responded to Appen’s update by downgrading its shares to an underperform rating with a reduced price target of $3.50.

    This suggests potential downside of approximately 20% for investors from current levels.

    The post Why is the Appen share price charging 6% higher? appeared first on The Motley Fool Australia.

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

    Before you consider Appen 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 Appen 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 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 Appen Ltd. 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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  • Exploding 600% in a month, what is going on with the Cobre share price?

    Piggy bank rocketing.Piggy bank rocketing.

    The Cobre Ltd (ASX: CBE) share price is climbing again today and has lifted more than 600% in a month.

    This ASX mining share is rising 1.39% today. In this week alone, the company’s share price has exploded 100%.

    Let’s take a look at what Cobre announced today.

    $7 capital raise attracts ‘significant demand’

    Cobre has completed a $7 million capital raise at 15 cents a share to sophisticated and institutional investors.

    This follows the company entering a trading halt yesterday ahead of news of this capital raise.

    Cobre said the placement attracted “significant demand” from current and new sophisticated international and domestic institutional investors.

    Shares were offered at a 16.7% discount to the closing price on 2 August.

    The funds will be used to fast track exploration at the Kalahari Copper Belt in Botswana. Cobre said the exploration will be on the tenement package held by Kalahari Metals Limited (KML). Cobre signed a share purchase deed to acquire 100% of Kalahari Metals, a UK company, in June.

    The placement involves two stages, the second of which will require shareholder approval at a meeting later this year. This second stage involves the issue of 9.8 million ordinary shares at 15 cents per share to the company’s largest shareholder, Metal Tiger PLC.

    Commenting on the news, executive chairman and managing director Martin Holland said:

    I would like to extend a vote of thanks for the support from existing and new shareholders into this placement which we see as a vote of confidence in the strategy the board is developing to fast track exploration with the aim to unlock this new potential discovery in Botswana.

    Earlier this week, Cobre reported significant copper mineralisation at the project.

    Cobre share price snapshot

    Cobre’s shares have jumped 22% in a year, while it has surged 94% in the year to date.

    For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has lost more than 16% in the last year.

    Cobre has a market capitalisation of nearly $30 million based on its current share price.

    The post Exploding 600% in a month, what is going on with the Cobre share price? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Cobre Limited right now?

    Before you consider Cobre Limited, 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 Cobre Limited 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 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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  • Broker tips TechnologyOne share price to shoot 15% higher

    Looking down on a workstation with three people working on their tech devices.

    Looking down on a workstation with three people working on their tech devices.

    The TechnologyOne Ltd (ASX: TNE) share price is edging higher on Thursday.

    In afternoon trade, the enterprise software company’s shares are up 0.5% to $12.37.

    This means the TechnologyOne share price is now up 21% over the last six months.

    Can the TechnologyOne share price keep rising?

    The good news is that one leading broker believes there’s room for the TechnologyOne share price to keep rising from here.

    According to a note out of Bell Potter, its analysts have retained their buy rating and lifted their price target on the company’s shares to $14.25.

    This price target implies potential upside of approximately 15% for investors over the next 12 months.

    What did the broker say?

    Bell Potter remains confident in TechnologyOne’s growth outlook. Particularly given the company’s plan to increase prices in line with inflation.

    The price rises being put through this half are greater than in the first half which will provide a further boost to both NRR and revenue in H2. Notably the majority of customer renewals – or anniversaries as the company calls them – fall in the second half so this will provide an even greater boost relative to the first half.

    In light of this, the broker believes the company is well-placed to deliver on its guidance in FY 2022.

    We continue to forecast strong revenue growth of 16% in FY22 and both the strong NRR in 1HFY22 and the even greater price rises being put through in 2HFY22 give us confidence this forecast will be achieved. We also continue to forecast PBT of $112.0m in FY22 which equates to growth of 14% and is therefore consistent with the guidance of 10-15% growth.

    It is also worth noting that Bell Potter believes there “is potential for the company to lift this annual target to 15-20% at some stage in the next few years.”

    All in all, given this positive outlook, the broker sees plenty of value in the TechnologyOne share price at the current level and retains its buy rating.

    The post Broker tips TechnologyOne share price to shoot 15% higher appeared first on The Motley Fool Australia.

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

    Before you consider Technologyone 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 Technologyone 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 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 recommended TechnologyOne 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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  • Expert panel slashes 2022 outlook for Dogecoin price. Here’s why

    A very sad beagle cross dog lays dejectedly on a sofa with his short legs stretched out in front of him in a pose of flat defeat as he stares sadly at the camera.

    A very sad beagle cross dog lays dejectedly on a sofa with his short legs stretched out in front of him in a pose of flat defeat as he stares sadly at the camera.

    The Dogecoin (CRYPTO: DOGE) price is up 1% over the past 24 hours, currently trading for 6.74 US cents.

    Yet the meme crypto, with a Shiba Inu for its virtual mascot, remains down 61% year to date. And it’s down a painful 91% since hitting all-time highs of 73.76 US cents on 8 May last year.

    To be sure, some crypto investors or traders are still making money while others are losing it as the Dogecoin price continues to be notoriously volatile.

    How volatile?

    Over the past three months, the token has traded as high as 13.19 US cents and as low as 4.97 US cents, according to data from CoinMarketCap.

    Quite a spread.

    But investors with the stomach to ride out these ups and downs could see 18% gains by the end of 2022.

    Dogecoin price forecast to end 2022 at 8 US cents

    According to 54 fintech specialists, polled by Finder in early July, the Dogecoin price will end 2022 trading for 8 US cents.

    That level (an average value of their predictions) is half the value Finder’s expert panel forecast for the meme token’s year end worth back in January. At the time they predicted it would enter 2023 trading for 16 US cents.

    Gavin Smith, general partner at Panxora Hedge Fund, counted among the bulls, forecast that the Dogecoin price will finish off the year worth 24 US cents.

    “While DOGE was launched as a joke coin, it has subsequently developed a large and loyal community. Detractors of the token forget that community is at least as important as uniqueness in the crypto space,” he said.

    Walker Holmes, co-founder and VP of MetaTope, was even more bullish. He forecast a year end price of 40 US cents, despite its lack of fundamental utility.

    “DOGE has a great community but little utility. DOGE has the ability to attract a culture of content creators and creatives,” Holmes said.

    But not everyone agreed.

    In the bearish camp

    55% of the expert panel believes that “at some point in the future” the Dogecoin price will go to zero. Only 21% said they believe the crypto will bounce back.

    Swinburne University of Technology director Dimitrios Salampasis is among the experts who believe the meme token will eventually be worthless. Though he sees it almost doubling in price by year end to 12 US cents.

    According to Salampasis, Dogecoin is “nothing more than a non-serious coin with no value proposition or utility. One of the many to soon disappear”.

    So, at the current Dogecoin price is it time to buy, sell or hold?

    71% of the panel said it was time to sell, with 24% saying hold on to what you already own.

    Only 4% of the panel said it was time to buy.

    The post Expert panel slashes 2022 outlook for Dogecoin price. Here’s why 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 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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  • Here are the 3 most heavily traded ASX 200 shares on Thursday

    blue arrows representing a rising share price ASX 200

    blue arrows representing a rising share price ASX 200

    What a tease this Thursday has been from the S&P/ASX 200 Index (ASX: XJO). Today, the ASX 200 initially opened with strength, rising as high as 7,021 points.

    But this turned out to be short-lived since the ASX 200 has given up most of those gains and is now up by just 0.1% at around 6,980 points.

    But let’s not let that get us down. So instead, let’s take a look at the shares now at the top of the ASX 200’s share trading volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume this Thursday

    Pilbara Minerals Ltd (ASX: PLS)

    ASX 200 lithium stock Pilbara Minerals is first up this Thursday. So far today, a notable 17.73 million Pilbara shares have been bought and sold on the markets. There’s been no new news out of Pilbara today.

    But, just like the ASX 200, the Pilbara share price can’t seem to make up its mind about what to do today. The company initially rose as high as $2.88 a share this morning, but has since fallen into red territory, and is now down by 0.54% at $2.78 a share.

    It’s probably this volatility that has elicited the high volumes we are seeing.

    Lake Resources N.L. (ASX: LKE)

    It’s another ASX 200 lithium stock up next in Lake Resources. So far this Thursday, a sizeable 25.25 million Lake shares have changed owners.

    It looks as though we are seeing a similar pattern with this company as well. No new news, but some bouncing around on the markets. Lake shares went as high as 94 cents this morning, but have now dipped to 88 cents, a loss worth 1.12%.

    Again, it’s probably this volatility that is causing this trading volume.

    Zip Co Ltd (ASX: ZIP)

    Taking a break from lithium, we have buy now, pay later (BNPL) share Zip rounding out our list today. So far this Thursday, a hefty 30.45 million Zip shares have swapped hands as it currently stands.

    Once again, we can probably blame volatility here. Zip hasn’t come out with any new news. But we hae seen some dramatic pricing swings with the BNPL share today. Upon market open, Zip climbed as high as $1.45 a share after closing at $1.32 yesterday, a rise worth almost 10%.

    But investors seem to have gotten cold feet, given that Zip shares are now down by almost 5% at $1.26 a share. Go figure.

    The post Here are the 3 most heavily traded ASX 200 shares on Thursday 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 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.

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  • Up 4% today, could this ASX 200 share finally receive a takeover bid?

    two men in business suits sit across from each other at a table with a chess board on it. Both hold their hands to their chins and look down in serious contemplation of their next move.two men in business suits sit across from each other at a table with a chess board on it. Both hold their hands to their chins and look down in serious contemplation of their next move.

    The share price of S&P/ASX 200 Index (ASX: XJO) toll road operator Atlas Arteria Group (ASX: ALX) is lifting amid news that seemingly indicates it’s still firmly in the sights of private equity.

    IFM Investors abandoned takeover talks with the company last week, saying it’s “not presently in a position to meaningfully progress a proposal”.

    However, a release to the ASX today shows it’s been snapping up more of Atlas Arteria’s stock. IFM and its associates now hold a 19% stake in the ASX 200 infrastructure company.

    The Atlas Arteria share price lifted to a high of $8.19 earlier today – a 5.7% gain. However, it’s slipped to trade at $8.05 right now, representing a 3.87% increase.

    That’s a notably better performance than that posted by the ASX 200. The index has lifted just 0.13% at the time of writing.

    Let’s take a closer look at today’s news from the ASX 200 share.

    Is this ASX 200 share still a takeover target?

    The Atlas Arteria share price is gaining on Thursday. It comes amid news that IFM is still buying up the company’s stock despite walking away from acquisition talks.

    The pair entered discussions regarding a potential proposal in early June after IFM increased its holding in the ASX 200 company to 15%.

    After a period of back and forth, IFM walked away. Though, it left the door open to future talks.

    And its interest in such discussions appears to remain. Indeed, a 19% interest in the toll road operator is now in the hands of IFM and associates.

    However, neither party have pointed to takeover talks since their previous discussions were put to bed.

    A release to the ASX today shows IFM now holds a 9.99% relevant interest and a 9.01% economic interest in Atlas Arteria.

    The last purchase made by IFM was dated today and comprised 30.7 million shares priced at $8.10 apiece. That represents around 3% of the ASX 200 company’s outstanding stock.

    The post Up 4% today, could this ASX 200 share finally receive a takeover bid? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Atlas Arteria Group right now?

    Before you consider Atlas Arteria Group, 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 Atlas Arteria Group 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 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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  • Why Creso Pharma, Endeavour, Orica, and Woodside shares are dropping

    a man with a moustache sits at his computer with his hands over his eyes making a gap between his fingers so he can peek through to his computer screen.

    a man with a moustache sits at his computer with his hands over his eyes making a gap between his fingers so he can peek through to his computer screen.In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up 4 points to 6,980 points.

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

    Creso Pharma Ltd (ASX: CPH)

    The Creso Pharma share price is down 11% to 4.35 cents. This morning this cannabis company announced that it has received firm commitments for a $7 million placement at a discount of 4 cents per share. Management intends to use the funds to progress further expansion into the US with its pending acquisition target, Sierra Sage Herbs.

    Endeavour Group Ltd (ASX: EDV)

    The Endeavour share price is down 3% to $7.79. Investors have been selling this drinks company’s shares after it was the subject of a broker note out of UBS. Its analysts have downgraded the company’s shares to a sell rating with a $7.20 price target. UBS feels that Endeavour’s shares are overvalued at current levels.

    Orica Ltd (ASX: ORI)

    The Orica share price is down 9% to $15.64. This has been driven by the commercial explosives company announcing the successful completion of a $650 million equity raising to fund a major acquisition. Orica is acquiring geospatial tools manufacturer Axis Mining Technology in a deal worth up to $350 million. Orica raised the funds at a discount of $16.00 per new share.

    Woodside Energy Group Ltd (ASX: WDS)

    The Woodside share price is down 2.5% to $31.68. Investors have been selling Woodside and other energy shares on Thursday after oil prices pulled back overnight. This was driven by higher than expected oil and gasoline inventories in the US. The S&P/ASX 200 Energy index is down 2% this afternoon.

    The post Why Creso Pharma, Endeavour, Orica, and Woodside shares are dropping 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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  • Up 5% in a month, is the current Fortescue share price a buy or a sell?

    a man in high visibility vest and hard hat at the wheel of heavy mining machinery looks backwards out of the cabin window.

    a man in high visibility vest and hard hat at the wheel of heavy mining machinery looks backwards out of the cabin window.

    It hasn’t been a great day so far for the Fortescue Metals Group Limited (ASX: FMG) share price this Thursday. At the time of writing, Fortescue shares have lost 1.33% and are going for $17.78 a share. That stands in stark contrast to the S&P/ASX 200 Index (ASX: XJO), which is currently up 0.07% at under 7,000 points.

    But zooming out and the picture looks a little rosier for Fortescue shares. The iron ore miner is still up a robust 4.86% over the past month. Saying that, the Fortescue share price is also down around 4.2% over just the past five trading days. So things have been choppy for this mining giant.

    Amid all of this, many investors might be wondering where the Fortescue share price is heading next. After all, Fortescue has been one of the best performing ASX 200 blue-chip shares over the past five years, largely thanks to its eye-watering gain of more than 200% over this period.

    So what do the next 12 months hold in store for Fortescue shares?

    Is the Fortescue share price a buy or a sell today?

    Well, unfortunately for optimistic investors out there, there are a few ASX brokers that aren’t too keen on Fortescue shares right now.

    As my Fool colleague James covered earlier this week, ASX broker Morgans has recently maintained a hold rating on Fortescue shares, with a cut share price target of $17.40 for the next 12 months.

    That essentially implies that investors won’t see much share price upside at all (albeit with no downside either) over the coming year. Here’s what Morgans said:

    Despite recent share price weakness, we believe FMG is still trading around fair value and will look for further volatility before considering our investment view. We do see potential for the current volatility to push FMG into oversold territory.

    More ASX brokers weigh in

    But sadly, that’s about as good as it gets for broker opinions on the miner. We also looked at another broker in Goldman Sachs. Goldman has recently retained its sell rating on Fortescue shares.

    Dramatically, this broker reckons Fortescue shares are heading as low as $12.70 over the coming year, which would be a loss of almost 30%. Goldman cites Fortescue’s far higher current valuation compared to other ASX mining giants like BHP Group Ltd (ASX: BHP) right now as its reasons for being so bearish.

    Another broker in Citi isn’t as bearish as Goldman. But, as my Fool colleague Bronwyn looked at the other day, it still has a hold rating on Fortescue shares today.

    So all in all, it seems there is more than one ASX broker who isn’t wild about the Fortescue share price where it currently stands. No doubt investors won’t be too pleased by these assessments. But we shall have to see who proves to be correct.

    In the meantime, the current Fortescue Metals share price gives this ASX 200 mining share a market capitalisation of $54.74 billion, with a trailing dividend yield of 16.70%.

    The post Up 5% in a month, is the current Fortescue share price a buy or a sell? 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 Appen, Centuria Industrial, NRW, and Sayona Mining shares are pushing higher

    a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

    a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has given back the majority of its intraday gains but remains in positive territory. At the time of writing, the benchmark index is up 0.1% to 6,984 points.

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

    Appen Ltd (ASX: APX)

    The Appen share price is up 5% to $4.37. This is despite there being no news out of the artificial intelligence data services company. However, Appen’s shares have been hammered this week following the release of a disappointing update. Some investors may believe they had been oversold and are buying them today.

    Centuria Industrial REIT (ASX: CIP)

    The Centuria Industrial share price is up 3% to $2.95. This follows the release of the industrial property company’s full year results. Centuria Industrial reported a 22% increase in funds from operations (FFO) to $111.7 million and FFO per share of 18.2 cents. The latter was in line with its upgraded guidance.

    NRW Holdings Limited (ASX: NWH)

    The NRW share price is up 10% to $2.11. This was driven by the release of an update on this engineering company’s full year results. NRW revealed that it expects to report revenue of $2.4 billion and operating earnings of $157 million in FY 2022. The latter is up from its previous guidance range of $150 million to $155 million.

    Sayona Mining Ltd (ASX: SYA)

    The Sayona Mining share price is up 5% to 20.5 cents. Investors have been buying this lithium developer’s shares after it revealed that it is accelerating the restart of its North American Lithium operation. Management advised that it is now targeting first production during the first quarter of 2023.

    The post Why Appen, Centuria Industrial, NRW, and Sayona Mining shares are pushing 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 Appen Ltd. 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 has the Coles share price outperformed the ASX 200 by more than 10% in 2022 so far?

    a woman pushes a man standing in a shopping trolley pointing ahead far off into the distance.a woman pushes a man standing in a shopping trolley pointing ahead far off into the distance.

    The Coles Group Ltd (ASX: COL) share price has so far fended off the S&P/ASX 200 Index (ASX: XJO)’s year to date tumble, recording a decent gain for the first eight months of 2022.

    The supermarket operator’s stock is currently swapping hands for $18.85. That’s 4.84% more than it was trading for at the start of this year. Meanwhile, the ASX 200 has dumped 6.85% in 2022 so far.

    That leaves the supermarket stock having outperformed the broader market by nearly 12% year to date.

    Could inflation ­– one of the major weights on the market this year ­– be providing a boost for the Coles share price? Let’s take a look.

    What’s going right for the Coles share price?

    It’s been a rough year on the market, but one sector has managed to bypass much of the suffering. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) has traded relatively flat so far this year.

    And within the sector, the Coles share price is relishing. In fact, it hit an all-time high of $19.28 yesterday.

    Its strong performance has come as the company is heralded as an inflationary winner.

    Brokers have tipped the supermarket operator as an inflation-resistant buy as it sells, well, staples, as my Fool colleague Sebastian reported earlier this week. Consumers can’t choose to skip the supermarket trip due to rising inflation.

    Additionally, the market has driven the Coles share price higher every time the company has released news this year.

    Its stock surged 3% when it dropped its half year earnings in February. It lifted another 0.6% on the back of the company’s third quarter results.

    There’s also been exciting non-market related news from the supermarket giant this year.

    Coles announced it would offer Canberra-based customers the option to have goods delivered by drone in March and will soon open its first ever Liquorland in Tasmania.

    And in more exciting news, brokers are tipping the Coles share price to keep rising.

    Citi has a buy rating and a $19.30 price target on Coles’ shares, while Morgans has slapped them with an add rating and a $20.65 price target, my Fool colleague James reports.

    Both brokers are also expecting Coles to up its dividends over the coming years.

    The post Why has the Coles share price outperformed the ASX 200 by more than 10% in 2022 so far? 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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    Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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