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It’s been a positive day for ASX shares on Thursday. At the close of trading, the S&P/ASX 200 Index (ASX: XJO) was up a healthy 0.44% to more than 6,650 points. But speaking of points, it’s been an even better day for the Pointsbet Holdings Ltd (ASX: PBH) share price.

Pointsbet shares closed 7.06% higher at $2.73 a share.

So what sparked such an enthusiastic reaction from investors over the sports betting company’s shares today?

Why did Pointsbet shares rocket 7% today?

Well, it’s not clear, unfortunately. There has been no major news or announcements out of the company for a while now.

However, we saw a clear trend on the ASX boards today that could explain the Pointsbet share price’s impressive performance. ASX tech shares were one of the best performing sectors on the ASX 200 today. The S&P/ASX All Technology Index (ASX: XTX) put on an eye-catching 2.15% today, with many ASX tech shares doing even better than that.

EML Payments Ltd (ASX: EML) shares rose 12.3% today, while Novonix Ltd (ASX: NVX) was up 3.4%, the Computershare Limited (ASX: CPU) share price lifted 2.7% and WiseTech Global Ltd (ASX: WTC) shares climbed 2.47%.

Pointsbet is also one of the ASX’s most shorted shares at the moment. This means the company’s share price is vulnerable to a short squeeze, which could also help explain its healthy outperformance today.

Even so, today’s move isn’t nearly enough to make up for what has been an especially tough year for the Pointsbet share price. The company remains down more than 60% year to date in 2022, as well as down more than 75% over the past 12 months.

At the current Pintsbet share price, this ASX tech share has a market capitalisation of $830 million.

The post Why did the Pointsbet share price leap 7% on Thursday? appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Thursday
• TPG share price rises as telco hits back at Optus over ‘factual errors’
• Here are 3 ASX 200 shares tumbling to new 52-week lows today
• ASX 200 midday update: Telstra completes acquisition, Lake Resources and Bega Cheese sink
• 5 things to watch on the ASX 200 on Thursday

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 EML Payments, Pointsbet Holdings Ltd, and WiseTech Global. The Motley Fool Australia has positions in and has recommended EML Payments and WiseTech Global. The Motley Fool Australia has recommended Pointsbet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Aristocrat Leisure Limited (ASX: ALL) share price was on form again on Thursday.

The gaming technology company’s shares have just ended the day with a gain of almost 2% to $36.70.

This stretches its one-month return to a decent 11%.

Can the Aristocrat share price keep rising?

The good news is that the team at Citi believe there’s still plenty of room for the Aristocrat share price to climb.

According to a note from this morning, the broker has retained its buy rating and $41.00 price target on the company’s shares.

Based on the current Aristocrat share price, this implies potential upside of 12% for investors over the next 12 months.

What did the broker say?

Citi has been looking at the company’s digital operations, which are now called Pixel United.

While the broker concedes that the mobile gaming market is posting declines on an annual basis, its research indicates that Aristocrat’s games are outperforming the market.

In light of this, the broker remains positive on Aristocrat’s outlook and continues to forecast solid earnings growth over the coming years. It expects earnings per share of $1.78 in FY 2022 (up from $1.36 per share a year earlier), then $1.95 in FY 2023, and $2.11 in FY 2024.

Citi commented:

Overall, mobile game bookings for the industry look to be on a clear downward trend after having peaked in mid-2021. Bookings for the June 2022 quarter are down 19% on pcp and 28% from the peak. The decline has been broad-based across most genres, with game bookings for titles in the strategy and action genres falling the most, while casino and RPG games have fared better. While industry-wide trends present a risk to Aristocrat’s digital bookings outlook, the company’s key social casino titles and RAID had outperformed within their respective genres. We remain Buy rated on Aristocrat with an A$41.00 target price.

The post Why this leading broker is bullish on the Aristocrat share price appeared first on The Motley Fool Australia.

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More reading

• Why has the Aristocrat share price increased 17% in two months?
• Here’s why analysts are tipping these ASX growth shares as buys
• Here are 3 excellent ASX growth shares for investors to buy in July
• Could there be another 19% upside to the Aristocrat Leisure share price?
• Analysts name 2 ASX growth shares to buy this week

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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ASX dividend shares could be good ideas for income and total returns at the current valuations.

There has been a lot of volatility in recent months. While volatility is unpredictable, it should be expected — there have been significant sell-offs on many previous occasions, including the COVID-19 crash and the global financial crisis.

For me, stock markets falling are a good time to be looking to buy shares. I’d rather buy shares when they’re priced lower than when they are more expensive.

A bonus effect of lower share prices is that dividend yields are pushed up. So, not only can we buy companies at better value, but the cash returns of dividends are also bigger for new investors.

With that in mind, these are two ASX dividend shares I think look good value for attractive prospective income:

Charter Hall Long WALE REIT (ASX: CLW)

This real estate investment trust (REIT) owns properties in various industries such as pubs and bottle shops, government office buildings, telecommunications properties, grocery and distribution, fuel and convenience, food manufacturing, waste and recycling, and ‘other’.

Tenants include Endeavour Group Ltd (ASX: EDV), Australian federal government and state government entities, Telstra Corporation Ltd (ASX: TLS), BP, Inghams Group Ltd (ASX: ING) and Metcash Limited (ASX: MTS).

As the name suggests, its property portfolio has tenants signed up for long-term leases. The weighted average lease expiry (WALE) is around 12 years. I think that gives good rental security and visibility about future rental income.

The REIT notes that income growth is driven by annual rental increases in all its leases. It disclosed that 46% of leases are linked to CPI, while 54% are fixed with an average fixed increase of 3.1%. This can help drive rental profit and grow the ASX dividend share’s distribution.

CMC markets has an estimated distribution of 28.6 cents per unit for FY23, translating into a forward distribution yield of 6.5%.

Brickworks Limited (ASX: BKW)

Brickworks has a number of quality divisions. So, the fact the Brickworks share price has dropped more than 20% since the start of 2022 makes it seem much more attractive to me.

It is the leading brickmaker in Australia with a number of brands including Austral Bricks. Brickworks also owns other building product brands including Bristle Roofing, Austral Precast, and Austral Masonry.

Another area of the business that’s interesting is its US brickmaking division. After making a few acquisitions, it’s the market leader in the country’s northeast. The US is a huge market, so there is compelling potential growth there if it can grow its brickmaking business geographically and also add other building products.

But, for me, two divisions are key for paying the Brickworks dividend, which hasn’t been cut for more than 40 years. The ASX dividend share has an investments division, which pays growing dividends to Brickworks. There’s also an industrial property trust, of which it owns half.

The industrial property trust is building high-quality properties like high-tech warehouses for clients such as Amazon and Coles Group Ltd (ASX: COL).

There is reportedly strong demand for well-located logistics properties, which has helped increase the value of the properties and can help drive the rent higher in the coming years. In the FY22 half-year result, the net trust income rose 7% to $17 million.

The industrial property trust has several years of projects planned, including the Oakdale East estate.

Based on the CMC Markets estimated dividend per share of 63 cents, Brickworks offers a potential grossed-up dividend yield of 4.75% in FY22.

The post 2 ASX dividend shares I’d buy with $2,000 right now appeared first on The Motley Fool Australia.

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More reading

• This tiny ASX share flew 14% on Friday following investment by Brickworks
• 5 worst ASX energy shares of FY22
• Here’s why Brickworks might be one of the ASX’s best dividend shares
• 2 ASX dividend shares that analysts are tipping as buys in July
• Here are the top 10 ASX shares today

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. 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 Amazon and Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks, COLESGROUP DEF SET, and Telstra Corporation Limited. The Motley Fool Australia has recommended Amazon. 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 Lifestyle Communities Limited (ASX: LIC) share price is rangebound today.

At the time of writing, the share is trading 0.5% higher at $14.19 apiece on no news.

The real estate company is having a tough time in 2022, with its share price down 32% year to date.

To compare, the S&P/ASX 200 Real Estate Index (ASX: XRE) is 1.2% lower today and down 23% year to date.

Are Lifestyle Communities shares now drifting higher?

It was a flat year on the ASX charts for Lifestyle Communities in FY22, right up until market volatility crept in on 29 December 2021.

That confirmed a longer-term downtrend that remained in situ until the shares found a bottom at $11.63 on 17 June.

Since then, Lifestyle Communities has drifted marginally higher, and then sideways over the past two to three weeks.

Turning to FY23 and the outlook could be bright for the Lifestyle Communities share price, according to a research note from Goldman Sachs.

The Goldman team rates Lifestyle Communities a buy and values its shares at a price of $24.65.

Macroeconomic analysts at the investment bank reckon there could be a 10% drawdown in house prices in coming periods.

However, Lifestyle Communities offsets this risk with its annuity-style rental income, Goldman says.

Meanwhile, the share has a buy rating from 80% of the analysts covering it, according to Refinitiv Eikon data.

UBS analysts led by Tom Bodor were neutral on Lifestyle Communities back in March.

The 12-month consensus price target from this list is $17.30, suggesting brokers think there’s some upside yet to be priced in during FY23.

In the past 12 months, the Lifestyle Communities share price is down 5.5%.

The post Can the Lifestyle Communities share price recover in FY23? appeared first on The Motley Fool Australia.

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More reading

• Why analysts say investors should buy these top ASX shares
• The Lifestyle Communities share price is down 50% in 8 months – time to buy?

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 positions in and has recommended Goldman Sachs. 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 Australian share market is home to plenty of growth shares. But which ones would be good options for investors right now?

Two that have been rated as buys recently are listed below. Here’s what you need to know about them:

Cochlear Limited (ASX: COH)

The first ASX growth share for investors to look at is hearing solutions company Cochlear.

Over the last four decades, the company has carved out a leadership person in the industry thanks to its world class portfolio of implantable hearing devices.

Thanks to this strong position in a market benefiting from ageing population and with significant barriers to entry, it has been tipped to continue its growth long into the future.

For example, Morgans is very positive on the company. It commented:

Cochlear maintains a dominant position in the implantable hearing solutions segment. While we continue to believe a full recovery from Covid-based disruptions still has time to play out, improving demand and strong pipeline, coupled with management’s increasing confidence, suggests an improving earnings profile.

Morgans has an add rating and $244.50 price target on Cochlear’s shares.

TechnologyOne Ltd (ASX: TNE)

Another ASX growth share that could be in the buy zone is TechnologyOne. It is an enterprise software provider that has also been growing at a solid rate for decades.

The good news is that the company’s growth isn’t about to stop anytime soon. Thanks to its expansion into the larger UK market and its shift to a software-as-a-service (SaaS) model, TechnologyOne has been tipped to grow strongly over the coming years.

For example, the team at Goldman Sachs are very bullish on the company’s prospects. It explained:

Defensive end markets (public sector and education) with IT spending that are relatively resilient to recessions (see our initiation here). Contractual CPI pricing pass-through, high recurring revenue, minimal churn (<1%), high margins and net cash are attractive attributes in a slowing economy. In addition, TNE’s recent result highlight continued momentum towards the +A$500mn FY26 ARR target, providing valuable earnings growth visibility over coming years, in our view.

Goldman Sachs has a buy rating and $13.30 price target on its shares.

The post Analysts say these top ASX growth shares are buys appeared first on The Motley Fool Australia.

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More reading

• 3 ASX shares to buy in a sector suddenly soaring this month: expert
• Experts name 3 ASX 200 shares to buy now
• Has a turnaround already begun for ASX tech shares? Experts reveal the outlook for FY23
• 4 ‘quality’ ASX shares to buy in scary times: expert
• Why experts rate 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 positions in and has recommended Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and 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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It was a pretty tough year for ASX 200 shares over FY2022, with the S&P/ASX 200 Index (ASX: XJO) falling by 10.19%. So it might come as something of a surprise to learn that Novonix Ltd (ASX: NVX) shares outperformed the index by quite a fat margin.

As my Fool colleague Brooke shone a light on last week, Novonix recorded an FY2022 high of $12.47 a share but a low of just $2.07. Despite this enormous disparity, Novonix ended up with a very modest gain of 2.7% for the 2022 financial year. But that 2.7% was still a vast outperformance of the ASX 200 index’s 10.19% loss.

Even so, Novonix shares have had a painful start to 2022, with the battery metals company now down almost 80% year to date.

But now that we’ve finished up with FY2022 and are on our way into FY2023, what might the next year hold in store for the Novonix share price?

Are Novonix shares heading higher in FY2023?

Well, one ASX broker who isn’t holding its breath is Morgans. As my Fool colleague James covered earlier this week, Morgans is currently feeling “gun shy” on the Novonix share price. This broker has just retained its hold rating on the company but has cut its 12-month share price target by 39%, down to $2.98 a share.

Despite the near-41% upside that the share price target would represent over the current Novonix price, Morgans remains uncertain about the business. Here’s some of what the broker said:

The market is pricing in risk much more aggressively and NVX has not yet proven the viability of its anode business with blue chip clients at scale.

We have therefore reduced our target price to $2.98 (-39%) with a higher assumed cost of equity and a later assumed ramp up of production.

So if Morgans is to be believed, FY2023 might just be a good one for the Novonix share price. But with all of that uncertainty from the broker, investors might not be feeling too comforted today. So we shall just have to wait and see.

At the current Novonix share price, this ASX battery metals share has a market capitalisation of $1.04 billion.

The post Novonix shares: What does the next year hold in store? appeared first on The Motley Fool Australia.

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More reading

• Why Costa, Domino’s, EML, and Novonix shares are dropping
• Novonix share price sinks 8% following ‘gun shy’ broker note
• These 3 ASX 200 lithium stocks are exploding on Friday
• Why was FY22 a rollercoaster period for the Novonix share price?
• Why did the Novonix share price slide nearly 36% in June?

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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When it comes to looking for dividend shares, few will think of looking at the lithium miners.

However, this could soon change given the high levels of free cash flow that miners are generating thanks to sky high prices of the white metal.

And while it might be too soon to think of dividends this year, Allkem Ltd (ASX: AKE) shares have been tipped to provide investors with some big yields in the future.

What is expected from the Allkem dividend?

According to a recent note out of Credit Suisse, its analysts are not expecting dividends from Allkem in FY 2022. But in FY 2023, it is predicting a maiden dividend of 69 U.S. cents per share.

Based on current exchange rates, this will mean a $1.02 per share dividend for investors.

The good news is that Credit Suisse expects the company to build on this in FY 2024. It is forecasting a dividend of 71 US cents per share. This represents a $1.05 per share dividend in the local currency.

So, with the Allkem share price currently trading at $9.89, this will mean very attractive yields of 10.3% in FY 2023 and then 10.6%, respectively.

Are Allkem shares in the buy zone?

Despite predicting these big dividends, Credit Suisse only has a neutral rating on Allkem’s shares at this point.

Though, with a price target of $11.00, it still sees potential upside of 11% for the Allkem share price over the next 12 months. That’s not bad for a neutral rating!

All in all, this could make Allkem worth considering if you’re looking for exposure to lithium and some big dividends in the coming years.

The post Is Allkem a top ASX dividend share hiding in plain sight? appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for Allkem shares in FY23?
• Why Allkem, Kogan, Metcash, and Sezzle shares are sinking
• Why are these ASX 200 lithium shares tumbling today?
• Is this a good time to go digging for ASX 200 mining shares for FY23?
• ASX battery metals shares trying to power up after a horror June

Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 Chalice Mining Ltd (ASX: CHN) share price has been a strong performer on Thursday.

In afternoon trade, the mineral exploration company’s shares are up over 7% to $3.95.

This means the Chalice Mining share price is now up approximately 11% over the last two trading sessions.

What’s going on with the Chalice Mining share price?

There appear to be a couple of catalysts for the strong gain by the Chalice Mining share price today.

The first is a rebound in the resources sector. For example, at the time of writing, the S&P/ASX 200 Resources index is up a sizeable 2.2%.

This compares favourably to the benchmark ASX 200 index and its 0.5% gain.

What else?

Also potentially boosting the Chalice Mining share price is a broker note out of Bell Potter from earlier this week.

In response to recent drilling updates, the broker has retained its speculative buy rating and lofty $11.73 price target. This is almost triple where the company’s shares currently trade.

Bell Potter commented:

This is another positive update from CHN, with the latest Resource showing growth and improvement on all metrics: tonnes, grade and quality. It is also in-line with our expectations, with the main focus being the lift in the quality of the Resource. This is, in our view, a top priority and will support ongoing mining studies.

The high grade Resource provides project development optionality, flexibility to maximise project cash flows and is supportive of potential underground operations. The update has delivered all the key features we were expecting and is a key project development milestone.

The post What’s behind the Chalice Mining share price jumping 7% today? appeared first on The Motley Fool Australia.

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More reading

• What had the Chalice Mining share price glowing today?
• Here are the top 10 ASX shares today
• Why is the Chalice Mining share price racing higher today?
• Top broker says the Chalice Mining share price can rise almost 200%
• 5 things to watch on the ASX 200 on Friday

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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Shares in Evolution Mining Ltd (ASX: EVN) were buoyant for the bulk of FY22 and then pared their gains to close out the year.

The share peaked at $4.96 on 16 July 2021 and was in sideways territory until it collapsed in April 2022.

What’s in store for Evolution shares?

Whilst we can’t predict the future, we can get an idea of what the sentiment on Evolution shares currently is.

Analysts at Morgans recently dubbed the share a buy, valuing the company at $3.23 in the process.

The Morgans team reckons there’s value in Evolution following the large retracement in its share price, brought on by the miner’s FY22 guidance downgrade.

Meanwhile, seven brokers rate Evolution as a buy right now, while eight say it’s a hold, according to Refinitiv Eikon data. There are two brokers saying sell.

The consensus price target from this list is $3.30 per share, suggesting Evolution shares could rally.

Gold price causing problems

Moreover, the gold price continues to be a contentious issue for Evolution. Gold has slipped hard from its 8 March highs of US$2,052/5.oz and now trades at US$1,727/t.oz.

“Although gold is considered an inflation hedge, rising rates draw investors away from bullion by raising the opportunity cost of holding the zero-yield asset,” Reuters reported today.

With gold now testing key support levels, its next moves will be crucial for shares of Evolution Mining.

A lower expected gold price on a lower production could be the lethal combination that locks in losses for Evolution shares. Especially given the market’s reaction to its production guidance downgrade.

Time will tell as to how all these moving parts will work out. Returns for both the commodity and Evolution shares since June 2021 are plotted below.

The post What’s the outlook for Evolution Mining shares in FY23? appeared first on The Motley Fool Australia.

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More reading

• 2 ASX 200 mining shares performing today amid a volatile gold price
• The best and worst ASX All Ords mining shares of FY22
• 5 things to watch on the ASX 200 on Thursday
• Why did the Evolution share price crash 47% in FY22?
• 5 things to watch on the ASX 200 on Wednesday

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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The S&P/ASX 200 Index (ASX: XJO) is enjoying some smooth gains so far this Thursday after the earlier volatility we have seen for much of the week. At the time of writing, the ASX 200 index has risen by a robust 0.49% at around 6,650 points. 

So let’s delve deeper into these market moves and take a look at the ASX 200 shares that are currently at the peak of the share market’s trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

South32 Ltd (ASX: S32)

Mining company South32 is our first ASX 200 share to check out today. So far this Thursday, a hefty 13.7 million South32 shares have changed hands as it currently stands. We have not had any news or developments out of this miner so far.

So we can probably thank the healthy share price gains we have seen today for this elevated trading volume. At present, South32 has gained a pleasing 2% at $3.58 a share.

Pilbara Minerals Ltd (ASX: PLS)

Our next company to take stock of today is ASX 200 lithium producer Pilbara Minerals. This Thursday has seen a sizeable 15.27 million Pilbara shares find a new home on the share market thus far. In this case, we can probably thank the announcement Pilbara came out with this morning for this high volume.

As we covered at the time, Pilbara has just come out with its latest lithium auction results. These saw strong interest, although with a price 2.5% lower than last month. Investors initially reacted with apathy, but have since changed their minds, with the Pilbara share price now up a notable 3.8% at $2.45 a share.

Lake Resources N.L. (ASX: LKE)

Our third, final and most traded ASX 200 share today is none other than Pilbara’s fellow lithium stock Lake Resources. This Thursday has seen a whopping 72.83 million Lake shares bought and sold on the markets today. The company returned from a trading halt this morning, which might be causing elevated volumes in itself.

However, Lake Resources has also just been on the receiving end of a short seller attack. Although the company put out a defence responding to this report, its share price has still sunk by more than 5% today. With all of this drama, it’s perhaps no wonder so many shares have been bouncing around today.

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

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More reading

• These ASX 200 mining shares are bolstering the market today
• Why Aurizon, Bega Cheese, Flight Centre, and Lake Resources shares are sinking
• TPG share price rises as telco hits back at Optus over ‘factual errors’
• Why Data#3, Netwealth, New Hope, and Pilbara Minerals shares are pushing higher
• Here are 3 ASX 200 shares tumbling to new 52-week lows today

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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