Tag: Motley Fool

The Core Lithium Ltd (ASX: CXO) share price continued its positive run today, climbing 2.67% to $1.155 at market close.

This comes after the company released its quarterly results on Wednesday, highlighting its progress at the Finniss Lithium Project in the Northern Territory.

With no other news released, shares in the ASX lithium developer are now up more than 9% for the week.

What’s powering Core Lithium shares ahead?

Investors have been snapping up Core Lithium shares as investor confidence in the sector picks up.

Shares in fellow lithium miners Lake Resources NL (ASX: LKE) and Liontown Resources Ltd (ASX: LTR) are also surging today, up 4.52% and 3.53%, respectively.

According to its quarterly report, Core Lithium has been ramping up its construction and mining activities at Finniss to export its first lithium carbonate by the end of 2022.

The progress comes despite some headwinds encountered last quarter, such as supply chain disruptions, inflationary cost pressures and COVID-19 absenteeism.

Once Finniss is online, it will be Australia’s first lithium-producing mine outside of Western Australia.

The bigger picture

As demand for electric vehicles and renewable energy heats up, Core Lithium will be crucial in servicing the lithium supply gap.

This will be particularly important as the Australian government focuses on increasing the onshore capabilities of refining such critical minerals.

If lithium prices remain stable from here, this could translate to bumper revenues for Core Lithium, given the current market.

The price for lithium carbonate is currently fetching around US$70,600 a tonne, up 430% year-on-year.

Core Lithium share price snapshot

It has been an excellent year for Core Lithium shareholders, with the company’s shares up 94% over the last seven months and a whopping 320% higher since this time last year.

Based on today’s price, Core Lithium has a market capitalisation of roughly $1.85 billion, with more than 1.73 billion shares outstanding.

The post Core Lithium shares leapt 9% following this week’s results release, but why? appeared first on The Motley Fool Australia.

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More reading

• Core Lithium share price flat after ‘progressing well’ last quarter
• Why has the Core Lithium share price surged 15% in a week?
• Here are the top 10 ASX shares today
• Here are the top 10 ASX shares today
• Why is the Core Lithium share price surging 7%?

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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The S&P/ASX 200 Index (ASX: XJO) ended a strong week’s trade on a high, driven upwards by real estate shares. The index was up 0.81% at 6,945.20 points at Friday’s close.

That sees the benchmark 2.26% higher than it was this time last week and at its highest point since 10 June.

The S&P/ASX 200 Real Estate Index (ASX: XRE) led the session today, closing 3% higher after starting the week on a slow foot.

Other top performing sectors included the S&P/ASX 200 Utilities Index (ASX: XUJ) and the S&P/ASX 200 Information Technology Index (ASX: XIJ) – up 2.5% and 1.3% respectively.

Their gains followed a strong session on Wall Street overnight. The S&P 500 Index (SP: .INX) lifted 1.2% in Thursday’s session while the Dow Jones Industrial Average Index (DJX: .DJI) and the Nasdaq Composite Index (NASDAQ: .IXIC) both rose 1%.

Iron ore futures and gold futures also lifted overnight, although Singapore iron ore futures reportedly tumbled today.

Of the ASX 200’s 11 sectors, 10 were trading in the green at the end of today’s session. But which shares delivered the biggest gains? Keep reading to find out.

Top 10 ASX 200 shares countdown

The best performing ASX 200 share on Friday was gold miner St Barbara Ltd (ASX: SBM). The stock leapt 10% on Friday amid the rising price of gold. Find out more about what St Barbara has been up to lately here.

Today’s biggest gains were made by these ASX 200 shares:

ASX-listed company	Share price	Price change
St Barbara Ltd (ASX: SBM)	$1.125	9.76%
EML Payments Ltd (ASX: EML)	$1.05	8.25%
Clinuvel Pharmaceuticals Limited (ASX: CUV)	$18.77	6.17%
Charter Hall Group (ASX: CHC)	$12.74	5.12%
Evolution Mining Ltd (ASX: EVN)	$2.64	4.76%
Goodman Group (ASX: GMG)	$20.70	4.6%
Lake Resources NL (ASX: LKE)	$0.81	4.52%
Janus Henderson Group CDI (ASX: JHG)	$36.07	4.4%
Boral Limited (ASX: BLD)	$2.90	4.32%
Block Inc (ASX: SQ2)	$108.48	4.25%

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

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

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More reading

• 3 ASX All Ords shares having a stellar end to the week
• Here are the 3 most heavily traded ASX 200 shares on Friday
• Why is the Santos share price beating the ASX 200 on Friday?
• Why IDP, PolyNovo, Sezzle, and St Barbara shares are pushing higher
• Why is the Lake Resources share price up today?

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 Block, Inc. and EML Payments. The Motley Fool Australia has positions in and has recommended Block, Inc. and EML Payments. 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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Do you have room for a growth share or two in your portfolio? If the answer is yes, then it could be worth considering the two listed below.

Here’s why these ASX growth shares have been rated as buys by experts:

Aristocrat Leisure Limited (ASX: ALL)

The first ASX growth share that could be a buy is Aristocrat. It is a gaming technology company with a portfolio of hugely popular poker machines and digital games.

In respect to the latter, the company’s digital business, Pixel United, is the developer of popular games such as Raid: Shadow Legends, Heart of Vegas, Mech Arena, and Vikings: War of Clans. These are generating significant recurring revenues from their millions of daily active users.

Analysts at Citi are very positive on Aristocrat and believe it is well-placed for growth. Citi commented:

Aristocrat represents a compelling long-term growth story, with exposure to ongoing growth in mobile game penetration and potential to grow into new markets.

The broker currently has a buy rating and $41.00 price target on the company’s shares. Based on the current Aristocrat share price of $35.30, this suggests potential upside of 16% for investors.

Lovisa Holdings Limited (ASX: LOV)

Another ASX growth share that could be in the buy zone is fashion jewellery retailer Lovisa.

After dominating the Australian market, the company has now set its sights on the globe. And with a well-incentivised management team that have been there and done that before with other brands, analysts are tipping the company for incredible growth over the 2020s.

One of those brokers is Morgans, which sees a huge opportunity for Lovisa in the massive US market. It explained:

Lovisa’s global footprint now spans 22 countries. In our opinion, investors can expect this number to increase steadily while, at the same time, Lovisa builds out its presence in its existing markets. We do not think there is any lack of opportunity. In the US, for example, Lovisa now has 81 stores, representing 0.25 stores for every million people), compared to Australia with 158 stores, 6.15 stores for every million people.

Morgans currently has an add rating and $21.50 price target on its shares. Based on the latest Lovisa share price of $17.80, this implies potential upside of almost 21%.

The post Experts name 2 ASX growth shares to buy with double-digit upside potential appeared first on The Motley Fool Australia.

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More reading

• Experts say these ASX tech shares would be excellent buys
• Own Lovisa shares? Why this broker believes the retailer could be a ‘global force’
• Why this leading broker is bullish on the Aristocrat share price
• Why has the Aristocrat share price increased 17% in two months?
• Here’s why analysts are tipping these ASX growth shares as buys

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 Lovisa 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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If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

That’s because rather than deciding on which individual shares you should put your money into, ETFs allow you to invest in a large group of shares via a single investment.

If that sounds appealing to you, then you might want to take a look at the two ETFs listed below that could be top options in August:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first ETF for investors to consider in August is the BetaShares Global Cybersecurity ETF. This fund provides investors with exposure to the leaders in the global cybersecurity sector, which is heavily under-represented on the ASX.

It could be a top long term option because the sector is forecast to grow materially in the future due to the increasing importance of cybersecurity and rising cyber attacks. Among the companies in the fund are cybersecurity giants Accenture, Cloudflare, Crowdstrike, Okta, and Palo Alto Networks.

In respect to CrowdStrike, it provides the increasingly popular Falcon platform. This platform delivers incident response and forensic analysis services that are designed to help businesses understand whether a breach has occurred. It then allows the user to respond and recover from a breach with speed and precision to remediate the threat.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another ETF to consider in August is the VanEck Vectors Video Gaming and eSports ETF. As its name implies, this ETF gives investors access to a portfolio of the biggest and best companies involved in video game development, hardware, and esports.

Among its major holdings are graphics processing units giant Nvidia and games developers Take-Two Interactive (GTA and Red Dead series), Electronic Arts (FIFA, Sims, Apex Legends), Activision Blizzard (Call of Duty series), and Roblox Corp (the company behind the hugely popular Roblox global platform).

VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports. Another positive is that it gives investors the opportunity to diversify their portfolio by providing quality tech options outside FAANG stocks such as Apple, Amazon, and Meta (Facebook).

The post 2 excellent ETFs for ASX investors in August appeared first on The Motley Fool Australia.

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More reading

• Does the HACK ETF pay dividends?
• 3 quality ETFs for ASX investors in July
• 3 high quality ETFs for ASX investors to buy today
• Why I think these 2 ASX shares are steals
• Here’s why I think this cybersecurity ETF is a top buy in July

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 BETA CYBER ETF UNITS. The Motley Fool Australia has positions in and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Bitcoin (CRYPTO: BTC) price is up 3% since this time yesterday. That puts the world’s leading crypto up 4% over the past week.

One Bitcoin is currently trading for US$23,924 (AU$34,085).

The last week’s move higher will be welcomed by crypto investors. However, the Bitcoin price remains down 50% year-to-date and down 62% from the record highs reached on 10 November last year.

That timing didn’t exactly work out well for El Salvador’s government.

The Bitcoin price hit its record high two months after El Salvador became the first nation in the world to adopt the crypto as legal tender. President Nayib Bukele made the virtual groundbreaking announcement on 10 June 2021. The legislation took effect in September 2021.

Unswayed by Bitcoin price retreat

According to calculations by Bloomberg – based on Bukele’s tweets – the 2,381 Bitcoin El Salvador bought with public funds are worth about 50% of what the government paid for them.

Despite the big retrace in the Bitcoin price, El Salvador’s finance minister, Alejandro Zelaya, stood by the decision.

According to Zelaya (quoted by Bloomberg):

For some, it’s something new and something they don’t entirely understand, but it’s a phenomenon that exists and is gaining ground and will continue to be around in the coming years.

Zelaya was also unswayed by surveys indicating the majority of businesses and households continue to preference fiat currency over the crypto:

We aren’t going to have results overnight. We can’t go to bed poor and wake up millionaires. New technologies have shown how people in previous years were afraid of things like websites and digital business, but it’s been shown through time that reality imposes itself.

Crypto-backed bond still in the pipeline

Not everyone is as enthusiastic about the nation designating Bitcoin as legal tender.

The IMF counts among those critics. Yet El Salvador’s government intends to move forward with its plans for a US$1 billion Bitcoin-backed bond even as it negotiates a US$1.3 billion extended fund facility with the IMF.

Zelaya said the Bitcoin price crash had only delayed the rollout of the crypto-backed bond, not derailed it.

“I believe in the traditional, international monetary system just as I believe that new technologies are going to help human beings in the future,” he said.  “So, I think making that transition is vital and it would be wrong of us to not pursue financial innovation that could benefit El Salvador.”

The post Why El Salvador is doubling down on Bitcoin despite the 2022 price crash appeared first on The Motley Fool Australia.

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More reading

• The Bitcoin price is leaping 10% higher today. What’s going on?
• Bitcoin or Cardano: which crypto is most widely held among Aussies in 2022?
• Why top cryptocurrencies Bitcoin, Ethereum, and Dogecoin are slumping today
• 2 things need to happen for a sustained Bitcoin price rally: experts
• Why Bitcoin, Ethereum, and Shiba Inu are falling 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 positions in and has recommended Bitcoin. The Motley Fool Australia has positions in and has recommended Bitcoin. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price is lifting into the green during afternoon trade on Friday.

At the time of writing, the share is trading 0.3% higher at $32.07 on no news. In broad market moves, the S&P/ASX 200 Energy Index (ASX: XEJ) is up 0.43% on the day.

It’s also proving a good day for Woodside’s ASX oil share peers. The Santos Ltd (ASX: STO) share price is up 1.04% in late afternoon trade, while the Beach Energy Ltd (ASX: BPT) share price is rising 1.11%.

Meanwhile, Brent Crude is trading around 0.24% down at US$106 per barrel after moving in sideways territory throughout July.

The oil benchmark is now down from its 9 June highs of US$120 per barrel, pointing to a potential cooling in prices.

What does this mean for the Woodside share price?

Despite its recent volatility, forecasts remain strong for the price of oil, which could weigh on the Woodside share price.

“Shell CEO Ben van Beurden told Bloomberg TV on Thursday that there is more upside than downside for oil prices as ‘demand hasn’t fully recovered yet and supply is definitely tight’,” Trading Economics reports.

“TotalEnergies CEO Patrick Pouyanne shared the same view, saying oil production could not keep up with recovering demand,” it added.

Meanwhile, the risk of recession continues to be a weighting factor on global oil markets. With the US Fed raising its policy rates another 75 basis points this week, talk of economic slowdown has grown.

“It certainly feels like we are back in trade-off mode again, where sentiment is shifting between recessionary risks in H2 and a fundamentally undersupplied market,” Stephen Innes of SPI Asset Management told Reuters.

The movement of the oil price has been reflected in the Woodside share price over the past 12 months, as seen on the chart below.

Woodside has gained more than 46% this year to date and is up 45% for the past 12 months.

The post Oil has retraced from June highs. What’s this mean for the Woodside share price? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• 5 things to watch on the ASX 200 on Thursday
• Do Woodside shares really have a 6% dividend yield right now?
• Why did ASX 200 energy shares fire up on Tuesday?
• Own Woodside shares? Here’s why this $7 billion deal could be at risk

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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Commonwealth Bank of Australia (ASX: CBA) shares are gaining alongside the broader market rally today.

CBA shares closed yesterday trading for $99.89 and are currently changing hands for $101.12, up 1.2%.

Barring any late afternoon selling action, today should mark the third day of share price gains for the big four bank. CommBank closed lower on Monday and Tuesday, then rallied on Wednesday and again on Thursday in the wake of the US Fed’s 0.75% interest rate hike decision.

All up the big bank’s share moves this week leave it up 3.4% since last Friday’s close.

Now here’s what put CBA shares in front of the media this week.

CommBank rolls out new tech

On Tuesday, CommBank reported that commencing early next month, customers will be able to use its app to track their carbon footprint. In a first for Aussie banks, the emissions estimate will be based on their spending data.

The tech behind the app was developed in partnership with sustainability Fintech startup Cogo.

Commenting on the carbon tracking app rollout, Ben Morgan, general manager strategy investments and transformation said:

The combination of customer data and Cogo’s capabilities, means we can now provide personalised and granular information to customers about how their spending translates to a carbon footprint.

A customer’s carbon footprint is an estimate that considers things such as personalised spending data and transaction behaviours.

CBA shares were back in the news on Thursday when the bank unveiled its latest technology hub in Melbourne’s central business district.

The centre can support some 400 software developers, cloud engineers and cyber specialists, which the bank says will help create fresh opportunities for Victoria’s growing digital economy workforce.

Commenting on the new tech hub, Brendan Hopper, CBA’s chief information officer for technology said:

Establishing a tech hub in Melbourne puts us in a great position to tap into Victoria’s digital technology industry, which is not only internationally recognised, but incredibly robust and competitive thanks to support from the government and the education sector,

CBA recently opened a tech hub in Adelaide and operates another tech centre in Sydney. The bank intends to open more tech hubs across Australia to tap into those states and territories’ technology skills.

How have CBA shares been performing longer term?

CBA shares have outperformed the benchmark over the past 12 months, gaining 2% while the ASX 200 fell 6%.

At the current share price, CBA also pays a trailing dividend yield of 3.9%, fully franked.

The post Here’s what’s happening with CBA shares this week appeared first on The Motley Fool Australia.

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More reading

• Can investors bank on a dividend surprise from CBA shares this earnings season?
• Why did the ANZ share price smash the other ASX 200 banks today?
• Own CBA shares? Union labels bank ‘irresponsible’ following major COVID change
• How high will the RBA hike rates in 2022? Here’s what the ASX 200 banks are forecasting
• ‘CBA and Westpac are too big’: One fund manager’s take on the future of ASX 200 bank shares

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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It’s been a good week for the All Ordinaries Index (ASX: XAO), and these shares are making the most of it, rocketing home on Friday.

The index has gained 2.5% since the end of last week, driving it to trade at a seven-week high this afternoon.

Let’s take a look at three shares leaping towards the finish line.

3 ASX All Ords shares surging higher on Friday

Temple & Webster Group Ltd (ASX: TPW)

It’s been a good week for the ASX All Ords Index, but its performance has been nothing compared to that of the Temple & Webster share price.

It’s lifting another 11.01% today to trade at $5.04 – 33% higher than it closed last Friday.

There’s been no news to explain the online homewares and furniture retailer’s recent gains. However, the Australian Bureau of Statistics released data detailing another record level of Australian retail turnover in June.

Additionally, an insider recently suggested online retailers might actually benefit from rising inflation, as my Fool colleague Tristan Harrison reports.

Adriatic Metals Plc (ASX: ADT)

It’s also been a good day for precious and base metals explorer Adriatic Metals.

The All Ords share is leaping 8.9% so far to trade at $2.08 on the back of the company’s quarterly results.

The company said it has inflationary pressures under control, its project is still on schedule to begin concentrate production in the second quarter of 2023, and it held US$83.4 million in cash as of 30 June.

EML Payments Ltd (ASX: EML)

The EML Payments share price is also ending the week on a strong note, up 9.28% to $1.06. Sadly though, it’s not enough to boost the All Ords share back into this week’s green.

Monday saw the stock plummet 22% on news the Central Bank of Ireland isn’t impressed with the company’s remediation program.

EML Payments is now making further changes in a bid to get the central bank’s final approval next year.

The post 3 ASX All Ords shares having a stellar end to the week appeared first on The Motley Fool Australia.

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More reading

• ASX 200 midday update: Zip crashes, PointsBet tumbles
• Could ASX online retail shares be getting a boost out of inflation?
• 3 ASX 300 retail shares majorly cashing in on Thursday
• Why is the Temple & Webster share price flaming 16% higher?
• Take a seat: What inflation data might mean for ASX retail shares

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended EML Payments and Temple & Webster Group Ltd. The Motley Fool Australia has positions in and has recommended EML Payments. The Motley Fool Australia has recommended Temple & Webster Group 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 Macquarie Group Ltd (ASX: MQG) share price is ending the week on a positive note.

In late trade, the investment bank’s shares are up almost 2% to $181.95.

Can the Macquarie share price keep rising?

The good news is that one leading broker sees room for the Macquarie share price to keep rising.

According to a note out of Goldman Sachs, its analysts remain neutral rated but see decent upside ahead of the company’s shares with their trimmed price target of $194.03.

Based on the current Macquarie share price, this equates to upside of almost 7%

And that’s before dividends. Goldman is forecasting a $5.85 per share dividend in FY 2023. This represents a forward yield of 3.2% and brings its total potential return to ~10%.

What did the broker say?

Goldman was pleased with Macquarie’s performance during the first quarter. Particularly given the difficult trading conditions it was facing. It commented:

MQG 1Q23 performance was solid, which despite difficult conditions, was up on a strong pcp with annuity style businesses up significantly and capital markets facing businesses up slightly. That said, management noted conditions did soften during the quarter and did update its divisional guidance, which implied broadly consistent Group NPAT to our previous forecasts.

The broker also believes that the bank’s growth outlook is strong. However, due to the company cycling an even stronger period a year earlier, it suspects that Macquarie will still report a decline in profits in FY 2023.

So, with its shares trading at a premium to long term averages, it is sticking with its neutral rating for now. Goldman concludes:

MQG’s solid 1Q23 performance combined with yet again higher business capital requirements suggests a strong growth outlook for the group. However, against this, divisional guidance implies FY23 earnings will likely fall, with our forecasts currently down 13%. We highlight that the stock is trading on a 12-month fwd PER of c.16x, which is c.15% above its long-term average of 13.5x, and with the stock offering only 12% [now 7%] upside to our revised TP, we stay Neutral.

The post Broker gives its verdict on the Macquarie share price appeared first on The Motley Fool Australia.

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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 Macquarie 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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The AGL Energy Limited (ASX: AGL) share price is edging higher in afternoon trade on Friday.

At the time of writing, investors have bid the share nearly 1% into the green despite no market-sensitive news.

In broad market moves, the S&P/ASX 200 Utilities Index (ASX: XUJ) is trading more than 2% higher on the day. Returns for both for the past 12 months are seen below.

What’s up with the AGL share price?

Whilst it’s been quiet in AGL’s camp, elsewhere it’s been more of a ruckus. US Natural Gas futures have rebounded towards yearly highs and now trade 51% higher on the month.

Moreover, the outlook for energy markets continues to strengthen for suppliers, a positive inflection point for the AGL share price.

This sentiment was echoed by analysts at JP Morgan who are bullish on the AGL share price.

In a recent note, the broker upgraded its average wholesale electricity prices by 93% to $208 megawatt per hour.

It expects these trends to continue into FY23 and FY24 with similar upgrades to forecasts in those years as well.

As a result, the broker anticipates AGL to print net profit of around $240 million in FY22, expanding to $555 million in FY23 and $1.32 billion in FY24.

Meanwhile, AGL is rated as a buy from 44% of the brokers covering the share, with the remainder tilted towards a hold, per Refinitiv Eikon data. There is just 1 sell rating.

The consensus price target from this list is $9.06 per share. Meanwhile, AGL has secured a 36% gain this year to date.

The post What’s been impacting the AGL share price this week? appeared first on The Motley Fool Australia.

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More reading

• ‘Elevated prices’ give AGL share price a shot at 26% upside: JP Morgan
• These were the best (and worst) performing ASX 200 sectors of FY22
• Own ASX 200 energy shares? Retailers could hit back on AEMO fees
• Top brokers name 3 ASX shares to buy next week
• Why did the AGL share price have a volatile FY22?

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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