Tag: Motley Fool

  • Here are the top 10 ASX 200 shares today

    sad party goer sitting alone after celebration

    sad party goer sitting alone after celebration

    It turned out to be another miserable trading session this hump day for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares. By the close of Wednesday’s trading, the ASX 200 had lost 0.66%, leaving the index at 7,608.4 points.

    This woeful ASX Wednesday comes after another red night for US shares up on Wall Street last night (our time).

    The Dow Jones Industrial Average Index (DJX: .DJI) had a fairly miserable time, shedding 0.17% of its value.

    It was even worse for the Nasdaq Composite Index (NASDAQ: .IXIC), which was chopped down by 0.92%.

    Time to return to the local markets though, so let’s see how the different ASX sectors navigated today’s trading.

    Winners and losers

    Leading today’s losses were consumer staples shares. Spurred on by Woolworths Group Ltd (ASX: WOW)’s epic selloff, the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) tanked by a horrid 4.25% this Wednesday.

    Mining stocks also had a rough time. The S&P/ASX 200 Materials Index (ASX: XMJ) had an awful day, cratering by another 1.41%.

    Communications shares were on the nose too. The S&P/ASX 200 Communication Services Index (ASX: XTJ) ended up retreating by 1.08%.

    Financial stocks only fared slightly better. The S&P/ASX 200 Financials Index (ASX: XFJ) sank by 0.72% by the closing bell.

    Gold shares couldn’t hold the fort either, evidenced by the All Ordinaries Gold Index (ASX: XGD)’s loss of 0.61%.

    Industrials stocks were yet another sore spot. The S&P/ASX 200 Industrials Index (ASX: XNJ) gave up 0.39% of its value today.

    That was closely followed by the energy sector. The S&P/ASX 200 Energy Index (ASX: XEJ) ended up shrinking by 0.35%.

    Real estate investment trusts (REITs) were our final losers. The S&P/ASX 200 A-REIT Index (ASX: XPJ) slipped by 0.06% by the time the markets closed.

    Turning now to the winners, it was tech shares that shone the brightest during today’s trading. The S&P/ASX 200 Information Technology Index (ASX: XIJ) had a great time, surging 2.23% higher.

    Utilities stocks were also in demand, as you can see from the S&P/ASX 200 Utilities Index (ASX: XUJ)’s gain of 1.27%.

    ASX healthcare shares lived up to their name today as well, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) bouncing 0.65% higher.

    Finally, consumer discretionary stocks did far better than their consumer staples counterparts, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) lifting 0.28%.

    Top 10 ASX 200 shares countdown

    Today’s winner came in at building construction materials company CSR Ltd (ASX: CSR). CSR shares rocketed a huge 17.43% up to $7.95 each before being halted this afternoon. There was no official news from the company aside from that, but there are takeover rumours swirling around.

    Here’s how the rest of today’s winners turned out:

    ASX-listed company Share price Price change
    CSR Ltd (ASX: CSR)
    $7.95 17.43%
    Strike Energy Ltd (ASX: STX) $0.24 11.63%
    WiseTech Global Ltd (ASX: WTC) $88.75 11.15%
    Sayona Mining Ltd (ASX: SYA) $0.064 8.47%
    Iluka Resources Ltd (ASX: ILU) $7.63 5.83%
    Ventia Services Group Ltd (ASX: VNT) $3.51 4.46%
    Cochlear Ltd (ASX: COH) $341.07 3.26%
    Lynas Rare Earths Ltd (ASX: LYC) $5.94 3.12%
    Scentre Group (ASX: SCG) $3.06 2.68%
    Ansell Ltd (ASX: ANN) $24.26 2.67%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes 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.

    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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 Cochlear and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Ansell and Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    from The Motley Fool Australia https://ift.tt/Gn5IXA9

  • CSR shares rocketed 17% before trading halt on acquisition speculation

    Three builders analyse their blueprints on site representing the growth in the Johns Lyng share priceThree builders analyse their blueprints on site representing the growth in the Johns Lyng share price

    The CSR Ltd (ASX: CSR) share price jumped 17% before entering a trading halt on a potential takeover deal.

    CSR is one of Australia’s biggest building product companies, with products like Gyprock plasterboard, Bradford insulation, Cemintel fibre cement, Hebel autoclaved aerated concrete panels, PGH Bricks, Monier roof tiles and AFS walling systems.

    Takeover talk

    According to reporting by The Australian, CSR shares have entered a trading halt following reports by Bloomberg that French business Saint-Gobain is thinking about a possible deal to buy CSR. They have reportedly held initial talks.

    CSR shares climbed 17.4% to $7.95 before the trading was paused.

    The French business is a giant in the industry and has the scale to afford the deal. It made €51.2 billion in revenue in 2022 and has 168,000 employees across 75 countries. It can trace its history back to 1665 from the creation of the Manufactory of Mirror Glass – it has been operating for over 350 years.

    Is CSR a tempting target?

    It’s an interesting time to be considering an acquisition considering the CSR share price was, before today, close to its multi-year high. It hasn’t been at this current level since the GFC.

    CSR is looking at uncertainty in the short term amid all of the inflation, interest rate rises and increased insolvencies in the construction industry.

    Nonetheless, the FY24 half-year result showed solid profitability, with underlying net profit after tax (NPAT) of $94 million, down 15% year over year. Strong growth in the building products division was offset by a lower contribution from property and aluminium.

    For its outlook, it said there was still a good pipeline of work for the building products division. However, the aluminium business is forecast to see a loss in the range of between $15 million to $30 million. It also recently announced settlement of stages 3A and 3B of Horsley Park, the location of its former brick plant.

    CSR share price snapshot

    In the past year, the CSR share price has climbed over 60%, including today’s gain.

    The post CSR shares rocketed 17% before trading halt on acquisition speculation 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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 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.

    from The Motley Fool Australia https://ift.tt/XEjyLmM

  • Up 21% in a month: Can GQG shares climb even higher?

    Happy man working on his laptop.

    Happy man working on his laptop.

    The performance of the GQG Partners Inc (ASX: GQG) share price in recent weeks has been nothing short of extraordinary.

    At the start of 2024, GQG shares were asking $1.69 each. But today, those same shares are going for $2.09 at the time of writing. That puts the asset management company up 23.7% year to date, and up 21.5% over the past month alone.

    The GQG share price is also up an even more impressive 44.14% over the past 12 months. So investors have done exceptionally well owning these shares in recent times. However, performance has been a little more muted since GQG’s ASX debut back in October 2021. Since then, the company’s shares are up a far milder 3.5%.

    Today, the company has gone backwards, currently down 0.95% for the day. But seeing as GQG has just traded ex-dividend for its upcoming (and sizeable) final dividend of 9.1 US cents per share, investors arguably don’t have too much to complain about on this front.

    But perhaps those investors are wondering if GQG shares have any room left to grow. After all, we have seen a pretty significant revaluation of this company in recent months.

    What’s next for GQG shares?

    Well, two ASX experts reckon GQG’s future is bright.

    GQG shares were recently named as one of the best-performing stocks in the Blackwattle Small Cap Quality Fund. This managed fund‘s managers, Robert Hawkesford and Daniel Broeren, discussed their thoughts on GQG’s future in Blackwattle’s recent January fund update. Here’s what they had to say:

    A strong finish for equity markets at the end of the calendar year in combination with consistent inflows and fund performance led to Funds Under Management (FUM) upgrades. At 11x P/E paying a >7% dividend, GQG still screens cheaply vs the market and listed peers with less favorable business momentum.

    So GQG is a business with momentum that is trading cheaply, and, partly as a consequence, with a compelling dividend yield. That seems to be the conclusion of Hawkesford and Broeren.

    No doubt GQG shareholders will appreciate these insights.

    At the current GQG share price, this asset manager is trading on a dividend yield of 6.55%.

    The post Up 21% in a month: Can GQG shares climb even 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/oAQZgbw

  • The Fortescue share price is down almost 10% in February, time to buy?

    Miner looking at a tablet.Miner looking at a tablet.

    The Fortescue Metals Group Ltd (ASX: FMG) share price has dropped 10% since the end of January. Some investors may be wondering whether this is the right time to invest.

    Indeed, the share prices of BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO) have both fallen in February 2024 as well, with each ASX mining share dropping by at least 5% this month.

    What’s going on with the iron ore price?

    It’s understandable why there is volatility in the market for some miners. The iron ore price has seen a sizeable fall – according to Trading Economics it’s now down to US$124.50 per tonne, after starting the month at around US$133 per tonne.

    The current price still leaves plenty of room for Fortescue and the other ASX iron ore shares to make large profits, but it does cut into profitability.

    Remember, mining costs don’t usually change much each month, so extra revenue dollars from a higher commodity price largely translate into extra net profit (before tax) dollars on that production. But, the reverse is true when the iron ore price falls – it largely cuts into net profit.

    Making good profits is usually what investors focus on, so a fall in potential monthly profits is going to have an impact.

    Is it time to buy Fortescue shares?

    The Fortescue share price is down more than 3% today. But, it’s still up by more than 30% in the last six months.

    I think this business is one of the best in the world at what it does, with low operating costs and a compelling future in green hydrogen, green ammonia and industrial batteries.

    I’m a long-term Fortescue shareholder and I believe in the company’s future.

    However, I’m also a believer that iron ore is a very cyclical commodity. There’s no rule that says when the iron ore price will go higher or lower, it’s very unpredictable. We don’t know when Chinese demand will increase or decrease.

    I don’t think it makes sense to invest (much) when the iron ore price is above US$120 per tonne. Within the last 12 months, the iron ore price has been below US$100 per tonne.

    I’d suggest being patient and waiting for a time when the iron ore price is lower, which I believe will send the Fortescue share price lower, as we’ve seen over the past few weeks.

    The dividend yield could be appealing though. According to the projection on Commsec, Fortescue could pay a grossed-up dividend yield of 11.25% in FY24. But, it wouldn’t be helpful for new investors if the Fortescue share price fell by more than that.

    The post The Fortescue share price is down almost 10% in February, time to buy? 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    Motley Fool contributor Tristan Harrison has positions in Fortescue. 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.

    from The Motley Fool Australia https://ift.tt/tSYUw4j

  • Sonic Healthcare shares hit 52-week low as analysts take a scalpel to targets

    Shot of a young scientist using a laptop while conducting research in a laboratory.Shot of a young scientist using a laptop while conducting research in a laboratory.

    The Sonic Healthcare Ltd (ASX: SHL) share price has reached a fresh 52-week low today.

    In late afternoon trading, shares in the blood-testing beast are 0.6% lower at $29.06 apiece. This is roughly on par with the S&P/ASX 200 Index (ASX: XJO), which is 0.7% worse for wear on Wednesday.

    Sonic, a $14 billion company, recorded a new 12-month low early in the session. The share price fell as much as 3.86% at one point, hitting $28.11.

    Sonic Healthcare share price targets get carved up

    After posting a disappointing result yesterday for the first half of FY2024, the pain continues to spill over into today’s session. However, this time, the negative move is not attributable to news directly from the company.

    Instead, there’s a good chance investors are looking less favourably on Sonic Healthcare shares as analysts revise their price targets. Following yesterday’s results, two brokers have amended their targets.

    Firstly, analysts at Citi downgraded their rating on Sonic from a buy to neutral. Accompanying the downgrade was a cut price target from $33.00 to $31.00 per share. This suggests only a 6% upside from yesterday’s closing price.

    Likewise, the team at Jefferies slashed their Sonic Healthcare share price target by 12.4% to $28.90.

    Weak results call for valuation worry

    Generally, Sonic’s profits underwhelmed market spectators in the first half. While a reduction in earnings was expected, the 47% reduction in net profit after tax (NPAT) to $202 million was worse than most had prepared for.

    The latest set of numbers remained impeded by reduced COVID-19 testing revenue. While the base business experienced revenue growth of 15%, COVID-19 revenue created a $340 million drag on the company.

    All the murkiness makes it difficult to value Sonic Healthcare shares. Is the current price-to-earnings (P/E) ratio of 20 times reasonable? What is a likely growth rate for earnings from moving forward? These are challenging questions to find answers to as the company continues to cycle a period of elevated COVID-19 business.

    RBC Capital is a broker with a less bearish take on Sonic post-earnings. Despite reducing its forward earnings expectations, the broker maintains a positive view of its future. Moreover, the team mentioned robust organic growth, cost reduction initiatives, and recent acquisitions as encouraging factors.

    Still, RBC Capital also cut its Sonic Healthcare share price target from $37 to $34.

    The post Sonic Healthcare shares hit 52-week low as analysts take a scalpel to targets 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    Motley Fool contributor Mitchell Lawler has positions in Sonic Healthcare. 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 Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    from The Motley Fool Australia https://ift.tt/WnosUfk

  • WiseTech increases dividend for 15th time in a row. Here’s what you need to know

    Man holding out Australian dollar notes, symbolising dividends.

    Man holding out Australian dollar notes, symbolising dividends.

    We got a couple of blockbuster earnings reports this Wednesday as ASX earnings season rolls on this February. And investors in WiseTech Global Ltd (ASX: WTC) will no doubt be delighted with what this ASX 200 tech stock had in store.

    We of course heard some dramatic news from supermarket giant Woolworths Group Ltd (ASX: WOW). You can read more about that here.

    But today, let’s discuss the remarkable statistics coming out of the logistical solutions company WiseTech.

    So, as we covered this morning, WiseTech reported an astonishing 32% rise in revenues to $500 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at $230 million. That was up 23% year on year. Underlying net profits after tax (NPAT) were up 5% to $128 million.

    But perhaps most remarkable was WiseTech’s dividend announcement.

    The company revealed to investors that its next interim dividend would be worth a fully-franked 7.7 cents per share.

    This is a remarkable metric for a number of reasons. Firstly, it is a pleasing 17% rise on the 6.6 cents per share interim dividend investors got last year.

    But secondly, this shareholder payment is the fifteenth dividend increase in a row since WiseTech began funding dividend payments back in 2017.

    Yes, ever since April 2017, every interim and final dividend WiseTech has declared has been a year-on-year increase over the payment that preceded it.

    WiseTech’s first two dividend payments from 2017 were an interim dividend of 1 cent per share, and a final dividend worth 1.2 cents per share.

    In 2023, WiseTech doled out that interim dividend of 6.6 cents per share, as well as a final dividend of 8.4 cents. This means that over the past seven years, WiseTech investors have seen their shareholder income soar almost 600%.

    The nuts and bolts of the record WiseTech interim dividend

    WiseTech shares are scheduled to trade ex-dividend for this latest shareholder payment next month on 8 March. So 7 March will be the last day that investors will be able to buy WiseTech shares with the rights to this latest dividend attached. Payday is then set for 5 April.

    WiseTech will be running a dividend reinvestment plan (DRP) for this payment. Investors who’d prefer to receive WiseTech shares instead of the usual cash payment will need to enrol in the DRP before the close of business on 12 March.

    At the current Wisetech share price of $88.02, this tech stock has a trailing dividend yield of 0.17%. The company now has a new forward dividend yield of 0.18%.

    The post WiseTech increases dividend for 15th time in a row. Here’s what you need to know 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

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

    from The Motley Fool Australia https://ift.tt/4sVPou5

  • 2 ASX lithium shares ‘well placed to ride out near-term volatility’

    two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.

    two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.

    If you’ve invested in ASX lithium shares, or are just keeping an eye on them, you’ll have noticed a good bit of volatility in the sector.

    That’s because lithium stocks tend to see big moves not just from changes in the spot price of lithium, but also from regularly shifting forecasts for the pricing outlook.

    And those forecasts have varied widely over the past year.

    As for the spot market, lithium prices are down some 80% from the November 2022 highs. And over the shorter term, there’s unlikely to be a rapid rebound.

    Despite some producers, like Core Lithium Ltd (ASX: CXO), suspending mining operations amid the depressed prices, global supply growth looks like it will continue to exceed demand growth over the coming months. Especially with EV sales growth rates in the United States and China slowing markedly.

    Which brings us to two ASX lithium shares that Blackwattle Investment Partners analysts Robert Hawkesford and Daniel Broeren “are well placed to ride out near-term volatility in the lithium price”.

    Two ASX lithium shares to weather the storm

    As Blackwattle notes:

    Lithium stocks had a challenging start to January as former Small Ords member, Liontown Resources Ltd (ASX: LTR), reported that its major funding partner had pulled a $760 million debt package over concerns of project sustainability.

    That added more unwanted volatility to the sector.

    Rescinding the debt package, Hawkesford and Broeren said, “resulted in the sell-down of shares for all lithium developers still in need of capital”.

    But the analysts cite a crucial difference between Liontown and small-cap ASX lithium shares Patriot Lithium Ltd (ASX: PAT) and Latin Resources Ltd (ASX: LRS).

    According to Blackwattle:

    An important distinction, however, is that while Liontown has a large resource asset, it is a complex and high-cost project at around US$750/ton. This compares to Latin Resources, for example, with a proposed cost base closer to US$540/ton.

    In our view projects with superior economics like Latin Resources and Patriot Metals are well placed to ride out near-term volatility in the lithium price.

    For the three months ending 31 December, Latin Resources reported a 41% increase to the Colina Deposit Mineral Resource Estimate (MRE) at its Salinas Lithium Project, located in Brazil. The MRE now totals 63.5 million tonnes at 1.3% Li2O.

    Patriot reported its quarterly results on 30 January.

    Over the three months, the microcap ASX lithium share completed its Phase 3 exploration program at its Gorman Project, located in Canada.

    The miner noted that Gorman is along trend and 68 kilometres from Frontier Lithium‘s (CVE: FL) PAK-Spark Lithium Project. This counts among the largest, highest-grade lithium deposits in North America with a resource of 58.5 million tonnes.

    The post 2 ASX lithium shares ‘well placed to ride out near-term volatility’ 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/4JBEDN7

  • How ASX uranium shares like Paladin are ‘in a great position to capitalise’

    a man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher todaya man sits back from his laptop computer with both hands behind his head feeling happy to see the Brambles share price moving significantly higher today

    The rise of ASX uranium shares like Paladin Energy Ltd (ASX: PDN) has been one of the biggest and most notable trends on the ASX in recent months.

    Take the Paladin share price. In May 2023, this uranium stock hit a new 52-week low of 52 cents a share. But earlier this month, those same shares hit a new high of $1.46, a gain worth just over 180% from that 52-week low.

    Since then, Paladin shares have cooled off a little, but are still going for $1.18 at the time of writing. See for yourself below:

    We’ve seen similar gains with other ASX uranium shares too. Boss Energy Ltd (ASX: BOE) shares, for example, shot up more than 200% between March 2023 and early February 2024.

    After these stunning gains in the ASX uranium space, some investors might be wondering just how much gas is left in the uranium tank.

    Well, one ASX expert thinks uranium shares, and Paladin Energy in particular, are well-positioned to surge even higher from here.

    Why this ASX expert reckons Paladin shares aren’t done yet

    Paladin shares are one of the current holdings in the Blackwattle Small Cap Quality Fund. In this managed fund‘s January update for 2024, portfolio managers Robert Hawkesford and Daniel Broeren named Paladin as one of the fund’s largest contributors to its recent performance.

    Here’s some of what they said on their outlook for this ASX uranium stock:

    Paladin Energy had a strong January, led by a rapid increase in the uranium price outlook. The market for uranium remains in a significant deficit and is expected to remain that way for the rest of the decade.

    This places re-start projects like Paladin in a great position to capitalise on the high prices that are needed to incentivise additional supply to enter the market.

    Of course, Blackwattle isn’t the only fund that’s bullish on uranium shares like Paladin. Back on Valentine’s Day, we also covered the views of Eiger Capital. Eiger cited the appeal of nuclear energy during the world’s transition to net zero emissions of carbon dioxide for their view. Here’s what they told investors:

    We continue to believe that nuclear energy will play an increasingly important role in providing the world with clean power and maintain significant positions in near-term uranium producers, Boss Energy and Paladin Energy.

    So no doubt investors of Paladin Energy and other uranium shares will draw great comfort from these bullish appraisals. Let’s see how it plays out.

    The post How ASX uranium shares like Paladin are ‘in a great position to capitalise’ 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/bwQ6F95

  • Top brokers name 3 ASX shares to buy today

    Man smiling at a laptop because of a rising share price.

    Man smiling at a laptop because of a rising share price.

    Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week.

    Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

    ARB Corporation Ltd (ASX: ARB)

    According to a note out of Citi, its analysts have retained their buy rating on this automotive parts company’s shares with an improved price target of $44.90. This follows the release of a strong half-year result from ARB earlier this week. Citi also sees upside risk to its estimates from the company’s partnership with auto giant Ford. The ARB share price is trading at $38.91 on Wednesday.

    BHP Group Ltd (ASX: BHP)

    A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $49.40 price target on this mining giant’s shares. Goldman was pleased with BHP’s half-year result, noting that it was broadly in-line with expectations. Outside this, the broker remains positive on the future and sees the miner’s valuation as attractive at current levels. The BHP share price is fetching $44.20 this afternoon.

    Megaport Ltd (ASX: MP1)

    Analysts at Macquarie have retained their outperform rating on this network solutions company’s shares with an improved price target of $15.90. This follows the release of Megaport’s half-year results this week. Although the result was largely pre-released, Macquarie was pleased with the finer details and has boosted its earnings estimates to reflect an acceleration in momentum. The Megaport share price is trading at $13.20 today.

    The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 ARB Corporation, Goldman Sachs Group, Macquarie Group, and Megaport. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended ARB Corporation and Megaport. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

    from The Motley Fool Australia https://ift.tt/cjCqdrA

  • Everything you need to know about the Woolworths dividend

    Man holding out Australian dollar notes, symbolising dividends.

    Man holding out Australian dollar notes, symbolising dividends.

    The latest earnings results from Woolworths Group Ltd (ASX: WOW) shares that were released this morning have been overshadowed somewhat by the dramatic departure of Woolworths CEO Bradford Banducci.

    It certainly seems that way if one looks at the Woolworths share price at present. As we speak, Woolworths shares have tanked by a nasty 8.20% and are down to $32.93 each. WOW indeed.

    However, Woolies still reported some interesting numbers today that all shareholders should take a look at. As my Fool colleague covered at the time, this morning saw the ASX 200 blue-chip stock and consumer staples giant reveal that its revenue had increased 4.4% over the six months to 31 December to $34.64 billion.

    Profits before significant items also rose by 2.5% to $929 million. Saying that, Woolworths recorded a loss of $781 million after significant items, thanks mostly to a $1.5 billion non-cash writedown of Woolworths’ New Zealand business.

    But let’s talk about the fresh Woolworths dividend.

    Everything you need to know about the latest Woolworths dividend

    So Woolworths revealed an interim dividend for 2024 of 47 cents per share, fully franked (as usual), this morning. That’s a 2.17% rise over the interim dividend from 2023, which came in at 46 cents per share.

    Together with the final dividend of 58 cents per share that we saw doled out last September, it takes Woolies’ 12-month payouts to $1.05 per share.

    If you don’t already own Woolworths shares but wish to receive this dividend, you have until the ex-dividend date of 28 February to pick up shares. After that date, all new Woolworths shareholders won’t have the rights to this dividend included in their purchase.

    For eligible investors, dividend payday will then roll around on 11 April.

    Woolworths is running its dividend reinvestment plan (DRP) for this upcoming dividend. If any investors wish to participate in this program and receive additional Woolworths shares in lieu of the traditional cash payment, they have until 1 March next month to elect to do so.

    Woolworths shares are currently trading with a trailing dividend yield of 3.16%. However, factoring in this new dividend, we can now give the Woolworths share price a forward dividend yield of 3.21%.

    The post Everything you need to know about the Woolworths dividend 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 10 November 2023

    (function() {
    function setButtonColorDefaults(param, property, defaultValue) {
    if( !param || !param.includes(‘#’)) {
    var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
    button.style[property] = defaultValue;
    }
    }

    setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
    setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
    setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
    })()

    More reading

    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.

    from The Motley Fool Australia https://ift.tt/ecR4AB2