Tag: Motley Fool

  • 2 stellar ASX 200 growth shares analysts rate as buys

    a happy investor with a wide smile points to a graph that shows an upward trending share price

    a happy investor with a wide smile points to a graph that shows an upward trending share price

    Looking for growth shares to buy? Listed below are two ASX 200 growth shares that have recently been named as buys.

    Here’s why they could be top options for growth investors next week:

    Allkem Ltd (ASX: AKE)

    The first ASX 200 growth share to consider is Allkem. It is one of the world’s leading lithium miners with a collection of world class operations and projects.

    Allkem appears well-placed for growth over the next few years thanks to its production growth plans and favourable lithium prices. In respect to the former, although Allkem is already a significant producer of lithium, it recently revealed plans to increase its production three-fold by 2026.

    Management notes that this will allow the company to maintain a 10% share of the global lithium market over the next decade.

    Morgans is bullish on the company and has an add rating and $16.98 price target on Allkem’s shares. It commented:

    AKE has been a strong performer in recent weeks but we continue to see long term valuation upside with persistent tightness in the lithium market.

    We don’t think spot prices are likely to remain at current levels forever but we think there is still plenty of scope for contract prices to increase further before settling down into a long term average.

    Pro Medicus Limited (ASX: PME)

    Another ASX 200 growth share that could be in the buy zone is Pro Medicus. It is an industry-leading provider of software that facilitates the clinical assessment of medical images.

    This software has been in demand with healthcare institutions thanks to its ability to process, transfer and store medical images and associated data efficiently. And given that speed and accuracy is fundamentally linked to both treatment success and commercial incentives, it isn’t hard to see why demand is strong and Pro Medicus keeps announcing huge long term contracts.

    This has caught the eye of analysts at Bell Potter, which have put a buy rating and $55.00 price target on the company’s shares. The broker commented:

    Visage 7 is the fastest, most versatile viewing software on the market and it is the key reason why Pro Medicus has been successful in winning numerous high profile hospital contracts in the US, ahead of some of the largest global names in the industry.

    Furthermore, although its shares trade on higher than average multiples, the broker believes that Pro Medicus’ “prospective EPS growth is supportive of this large premium.”

    The post 2 stellar ASX 200 growth shares analysts rate as buys 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.

    *Returns as of January 12th 2022

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    Motley Fool contributor James Mickleboro has positions in Allkem Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus 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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  • Here’s why AGL shares hit the headlines again on Friday

    A man and a woman sit in front of a laptop looking fascinated and captivated by ASX shares news articles especially one about the Bannerman Energy share priceA man and a woman sit in front of a laptop looking fascinated and captivated by ASX shares news articles especially one about the Bannerman Energy share price

    The AGL Energy Limited (ASX: AGL) share price finished the session up 0.58% trading at $8.63 on Friday.

    While the ASX utilities company made no official announcements to the ASX today, it was in the news.

    Recap on the drama at AGL this year

    To recap quickly, Atlassian billionaire Mike Cannon-Brookes and Canadian company, Brookfield tried to buy AGL outright earlier this year. On the day news of the first offer broke, the AGL share price spiked 9%.

    The AGL board rejected both the first offer and a second improved offer of $8.25 per share. The board said the price was “still well below both the fair value of the company on a change of control basis and relative to the expected value of the proposed demerger”.

    The board prefers to proceed with plans for a demerger of AGL’s energy retailing and energy generation segments. Cannon-Brookes reckons this is a bad move environmentally and for AGL shareholders.

    So, what’s Cannon-Brookes doing now?

    In short, Cannon-Brookes wants to block the demerger. Earlier this month, he purchased an 11.3% stake in AGL using derivatives. This made him the largest shareholder at AGL.

    According to reporting in The Australian, Cannon-Brookes reckons former AGL Energy boss and US businessman Andy Vesey is against the company’s proposed demerger.

    Cannon-Brookes, who is a passionate environmental advocate, apparently met with Vesy to seek his support in blocking the demerger.

    According to the article, Cannon-Brookes said: “He is broadly supportive of what we are trying to do and he does believe very much in the opportunities for these assets to go in a different direction.”

    When is the demerger vote?

    The AGL board needs 75% shareholder approval at the vote on 15 June for the demerger to proceed.

    If the demerger fails, Cannon-Brookes would like to see AGL phase out coal by 2035 and provide green loans to customers who want 100% renewable electricity in their homes.

    Why does Cannon-Brookes want to keep AGL whole?

    According to reporting in the Australian Financial Review (AFR), a memo received by shareholders in Cannon-Brookes’ Grok Ventures says he believes an integrated AGL Energy “could capture 30 per cent of the electricity retail market”.

    The memo said AGL could achieve this “by closing its coal power stations by 2035 and offering customers 100 per cent renewable energy while expanding into energy finance products”.

    The memo stated that moving to 100% electric could cost the average Australian home approximately $100,000. It said: “We believe converting this capital expenditure into operating expenditure is a challenge AGL can solve for customers.”

    The AFR also reported that RBC Capital Markets considers the demerger’s value to shareholders as “subjective”.

    The AFR quoted RBC analyst Gordon Ramsay:

    In our view, shareholder benefits are opaque. After the demerger, shareholders will continue to own the same underlying assets in the same proportion, implying that the demerger value uplift argument is subjective.

    The post Here’s why AGL shares hit the headlines again on Friday appeared first on The Motley Fool Australia.

    Should you invest $1,000 in AGL right now?

    Before you consider AGL, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and AGL wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor Bronwyn Allen 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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  • 3 ASX mining shares that went gangbusters on Friday

    Happy woman miner with her thumb up signalling Wyloo's commitment to back IGO's takeover of Western Areas nickelHappy woman miner with her thumb up signalling Wyloo's commitment to back IGO's takeover of Western Areas nickel

    The market has come to a close for the week and all (or at least most) seems well. That’s especially true in the camps of these ASX mining shares.

    Despite a spot of trouble through the week, the All Ordinaries Index (ASX: XAO) finished it 1% higher than it started. It was a similar story for the S&P/ASX 200 Index (ASX: XJO), which recorded a gain of 0.9% over this week.

    It was a better outcome for these ASX mining shares. They each recorded gains of up to 20% on Friday. Let’s take a look at what pushed them upwards.

    3 ASX mining shares rocking the market on Friday

    Chalice Mining Ltd (ASX: CHN)

    First up is ASX 200 mining share, Chalice Mining. The mineral exploration company recorded a gain of 19.06% on Friday, closing the week at $6.81.

    The company released good news about its Julimar Project today. The project is being explored for commodities including nickel, copper, platinum group elements, cobalt, and gold.

    Excitingly, Chalice Mining today announced it has been granted approvals needed to start low-impact exploration drilling at the project’s Hartog-Dampier targets. The drilling will test for green metals in the area.

    Nico Resources Ltd (ASX: NC1)

    Next up is the Nico Resources share price. The ASX mining share surged 11.06% today to close the week at $1.16.

    Interestingly, there’s been no news from the recently listed nickel explorer since late last month.

    However, the price of nickel surged 8% on the London Metal Exchange overnight, rising to trade at around US$28,200 a tonne. That’s the highest it’s been since 10 May.

    Resource Mining Corporation Limited (ASX: RMI)

    The third ASX mining share recording a major gain on Friday is Resource Mining. It’s share price soared 19.57% to close at 11 cents.

    Market watchers will be forgiven for not instantly recognising Resource Mining. The company is focused on nickel exploration in Tanzania and has a market capitalisation of around $36 million.

    Thus, it could also have gained on the back of higher commodity prices. Though, today’s gains might also be related to a capital raise and debt repayment the company announced on Tuesday.

    The post 3 ASX mining shares that went gangbusters on Friday 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.

    *Returns as of January 12th 2022

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    Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Why the Aristocrat share price is surging again today

    man at casino throwing chips in the airman at casino throwing chips in the air

    Don’t look now but the Aristocrat Leisure Limited (ASX: ALL) share price is making another dash higher today.

    Shares in the gaming machine and app developer jumped a further 3.8% to a more than one-month high of $35.02 in after lunch trade.

    The gain comes on top of its 6.7% surge yesterday after management released its half year results and announced a $500 million on-market share buyback.

    Aristocrat share price gets another lift from bullish brokers

    The Aristocrat share price appears to be getting a second wind as brokers gave the thumbs-up to the results and reiterated their buy recommendation on the shares.

    These positive developments come after Aristocrat tanked 23% over the past six months. That’s a 20% underperformance to the S&P/ASX 200 Index (ASX: XJO).

    Earnings beat

    The group’s interim net profit after tax and amortisation from acquisitions (NPATA) jumped 40% to $580 million.

    That was ahead of UBS’ forecast of $507 million, but that isn’t the only thing that impressed the broker. UBS noted that Aristocrat’s gaming machine business in the Americas is winning market share.

    UBS rates the Aristocrat share price as a buy with a 12-month price target of $44.80 a share.

    High quality result

    Goldman Sachs is another broker that was impressed. The group’s first half earnings and sales came in 5% to 6% ahead of its expectations.

    The broker said:

    Compositionally, the result was strong, with better-than-expected performances across the board, particularly across North American land based which came in 12% higher than our above consensus segment profit forecasts.

    Digital presents big upside for the Aristocrat share price

    Further, Aristocrat’s digital business is also delivering. This offsets the recent weak mobile bookings data that had been dragging on the Aristocrat share price.

    The analysts at Macquarie Group Ltd (ASX: MQG) think there is a big upside from Aristocrat’s plans to launch iGaming in North America before the end of this year. It has two major customers lined up and has the opportunity to scale the business in what is believed to be a US$30 billion market in 2030.

    Macquarie commented:

    We take the view that Aristocrat has a strong opportunity for success, considering its market leading slot content, land-based customer relationships and the ability to tuck-in additional capability and product suites through M&A.

    As context, we see an opportunity for Aristocrat to deliver A$6.00/sh upside under a bull-case scenario but for now include A$3.50/sh in our target price.

    Both Goldman Sachs and Macquarie are recommending the Aristocrat share price as a buy. Goldman’s 12-month price target on the shares is $43 while Macquarie’s target is $44 a share.

    The post Why the Aristocrat share price is surging again 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.

    *Returns as of January 12th 2022

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    Motley Fool contributor Brendon Lau has positions in Aristocrat Leisure Ltd. and Macquarie Group 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 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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  • Brokers name 3 ASX shares to buy today

    A white and black clock face is shown with three hands saying Time to Buy reflecting Wilson Asset Management's two ASX share picks in its WAM Research portfolio

    A white and black clock face is shown with three hands saying Time to Buy reflecting Wilson Asset Management's two ASX share picks in its WAM Research portfolioIt has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

    Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

    Aristocrat Leisure Limited (ASX: ALL)

    According to a note out of Citi, its analysts have retained their buy rating but trimmed their price target on this gaming technology company’s shares to $41.00. This follows the release of a half-year result that smashed the broker’s estimates thanks to strength from its land-based businesses. Pleasingly, Citi believes that Aristocrat’s strong market position is sustainable and continues to forecast further solid earnings growth in the coming years. The Aristocrat share price is trading at $35.21 on Friday.

    Goodman Group (ASX: GMG)

    A note out of Credit Suisse reveals that its analysts have retained their outperform rating on this industrial property company’s shares with a $24.05 price target. Credit Suisse was pleased to see Goodman increases its earnings per share growth guidance to 23% for FY 2022. Looking ahead, the broker continues to forecast solid earnings growth in the coming years, noting that there is good visibility on the company’s future earnings thanks to its work in progress pipeline. The Goodman share price is fetching $19.37 today.

    Webjet Limited (ASX: WEB)

    Another note out of Citi reveals that its analysts have retained their buy rating and lifted their price target on this online travel agent’s shares to $6.75. While the broker expects volatility to remain as we come out the pandemic, it takes comfort that the business is trending in the right direction. Furthermore, Citi is very optimistic on Webjet’s potential in the US market and suspects the market could rerate its shares to higher multiples as it grows in the massive market. The Webjet share price is trading at $6.02 on Friday afternoon.

    The post 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.

    *Returns as of January 12th 2022

    More reading

    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 Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Woolworths share price lifts following $218m online marketplace deal

    Supermarket trolley with groceries going up the stairs with a rising red arrow.Supermarket trolley with groceries going up the stairs with a rising red arrow.

    The Woolworths Group Ltd (ASX: WOW) share price is in the green on Friday after the company announced its intent to acquire ASX-listed online marketplace operator MyDeal.com.au Ltd (ASX: MYD).

    It comes as the broader market shakes off some of its Thursday losses.

    At the time of writing, the Woolworths share price is $35.37, 0.54% higher than its previous close.

    For comparison, the S&P/ASX 200 Index (ASX: XJO) is up 1.05% right now. Meanwhile the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) is 0.32% higher.

    Let’s take a closer look at what’s going on with the supermarket giant on Friday.

    Woolworths share price rises on Friday

    The Woolworths share price is lifting after the company announced its plan to acquire an 80% stake in MyDeal for around $218 million.

    It has offered to purchase shares in the online retailer for $1.05 apiece, The Motley Fool Australia reported this morning.

    That represents a premium of nearly 63% on the MyDeal share price’s previous close.

    Meanwhile, the ASX 200 and the consumer staples sector are shaking off yesterday’s losses. They dumped 1.65% and 3.71% respectively on Thursday as warning bells sounded for retailers in the US.

    Interestingly, today’s recovery follows an extension of Wall Street’s losses overnight.

    It might have been spurred by expectations restrictions in Shanghai – where most of China’s current COVID-19 outbreak is housed – could soon ease, the Australian Financial Review reports.

    That’s good news for the global market. Fewer restrictions in the region could help bolster economic growth.

    China’s unemployment rate reached 6.1% and its total retail sales slumped 11.1% as the nation suffered through lockdowns last month, the National Bureau of Statistics of China announced earlier this week.

    The post Woolworths share price lifts following $218m online marketplace deal appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woolworths right now?

    Before you consider Woolworths, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woolworths wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

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    Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Why is the Woodside share price dropping 4% today?

    a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.

    a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.

    The Woodside Petroleum Limited (ASX: WPL) share price is on course to end the week with a decline.

    In afternoon trade, the energy producer’s shares are down 4% to $28.75.

    Why is the Woodside share price sliding on Friday?

    There appears to have been a couple of catalysts for the weakness in the Woodside share price on Friday.

    One is a slight pullback in oil prices during Asian trade. This has seen the WTI crude oil price fall 1.2% to US$110.85 a barrel and the Brent crude oil price fall 0.6% to US$111.35 a barrel.

    In addition to this, it is worth highlighting that Woodside shareholders have just approved the merger with the petroleum assets of BHP Group Ltd (ASX: BHP).

    BHP-Woodside petroleum merger

    Following the receipt of shareholder approval, BHP and Woodside look set to merge their petroleum assets on 1 June.

    This will see Woodside issue 914,768,948 to BHP as part of the merger process. These shares will then be distributed to eligible BHP shareholders via an in specie dividend. They will receive one new Woodside share for every 5.534 BHP shares they hold.

    It is possible that some of the weakness in the Woodside share price today could be due to selling from investors that already hold shares in both companies. Given that these investors now know the amount of Woodside shares they will receive when the merger completes, they could be trimming their existing holding in Woodside to balance their portfolio.

    Woodside name change

    A final thing to note, is that as part of the merger process, Woodside will soon be having a slight name and ticket code change.

    From Wednesday 25 May, the company will go from being Woodside Petroleum Ltd with the WPL ticker code, to Woodside Energy Group Ltd with the WDS ticker code.

    The post Why is the Woodside share price dropping 4% today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Woodside right now?

    Before you consider Woodside, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Woodside wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    *Returns as of January 13th 2022

    More reading

    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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  • Why are ASX 200 shares rebounding on Friday?

    Illustration of men and women pushing share price graph up

    Illustration of men and women pushing share price graph up

    S&P/ASX 200 Index (ASX: XJO) shares are staging a welcome rebound today.

    After falling 1.5% yesterday, the benchmark index is up 1.1% in afternoon trading.

    This comes despite further, more modest falls in US markets yesterday (overnight Aussie time), which saw the S&P 500 slip another 0.6%. US markets have come under renewed pressure amid fears of rising interest rates and a potential recession in the world’s top economy.

    So, why are ASX 200 shares shaking off the malaise to put in such a strong day?

    ASX 200 shares welcome COVID restriction news out of China

    Part of the answer looks to lie with the world’s number two economy and Australia’s top trading partner, China.

    The Middle Kingdom may be offering tailwinds to ASX 200 shares on two separate fronts.

    First, China announced that it will scale back some of its economy crippling COVID-19 restrictions. While China appears intent on pursuing its zero-virus policies, the nation is scaling back testing requirements for people flying in from the US and other select nations.

    This may be the first move towards reopening the country and could see an uptick in China’s economic growth.

    What else did China report?

    Other news out of China that could be helping push ASX 200 shares higher today is a larger than expected 0.15% reduction in its benchmark reference rate for mortgages.

    That’s the second cut this year, taking the reference rate down to 4.45%.

    Chinese officials said they’re ready to take additional steps to help spur economic growth.

    Commenting on the move, Capital Economics’ Julian Evans-Pritchard said (quoted by Reuters), “Today’s reduction to the five-year Loan Prime Rate should help drive a revival in housing sales, which have gone from bad to worse recently.”

    Evans-Pritchard cautioned that “the lack of any reduction to the one-year LPR suggests that the PBOC [People’s Bank of China] is trying to keep easing targeted and that we shouldn’t expect large-scale stimulus of the kind that we saw in 2020.”

    With many ASX 200 shares doing business with China, any revival in the nation’s massive housing sector will be welcomed.

    The post Why are ASX 200 shares rebounding on Friday? 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.

    *Returns as of January 12th 2022

    More reading

    The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Here are the 3 most traded ASX 200 shares on Friday

    Boy looks quizzical standing in front of a graph.Boy looks quizzical standing in front of a graph.

    The S&P/ASX 200 Index (ASX: XJO) seems to be on track to end the trading week on a bit of a high after yesterday’s strong sell-off. The ASX 200 is presently up a healthy 1.05% at well over 7,100 points.

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

    The 3 most traded ASX 200 shares by volume this Friday

    Telstra Corporation Ltd (ASX: TLS)

    Telstra is our first ASX 200 share to take a glance at this Friday. So far today, the telco has seen a hefty 11.3 million of its shares change hands.

    This may be a result of the movements of the Telstra share price itself, given there are no new news or announcements out of the company directly today, save for a share buyback notice.

    The Telstra share price is currently flat at $3.93 a share. Saying that, we did see some movement earlier today, with the telco rising as high as $3.96 before falling back to the current level. it could be this market indecisiveness that is resulting in the elevated volumes we are seeing.

    Santos Ltd (ASX: STO)

    ASX 200 energy share Santos is next up this Friday. So far, we have seen a notable 13.06 million Santos shares trade on the markets.

    Again, we haven’t had too much in the way of news out of Santos itself, save for another share buyback notice. But Santos shares have defied the market and have slumped 1.64% lower so far today to $8.075 a share.

    It’s probably this share price fall that is responsible for this company’s presence here today.

    Pilbara Minerals Ltd (ASX: PLS)

    And our final and most traded ASX 200 share today goes to Pilbara Minerals.

    This ASX lithium stock has had a sizeable 25.33 million shares swap owners during this Friday’s trading session thus far.

    It‘s not too hard to work this one out though. Like most lithium stocks, the Pilbara share rice has rocketed today, rising by 4.21% so far to $2.845 a share. No wonder so many Pilbara shares have been traded.

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

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor Sebastian Bowen has positions in Telstra Corporation 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 positions in and has recommended Telstra Corporation 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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  • Why Australian Vanadium, John Lyng, Nufarm, and Unibail-Rodamco-Westfield are dropping

    Red arrow going down on a stock market table which symbolises a falling share price.

    Red arrow going down on a stock market table which symbolises a falling share price.The S&P/ASX 200 Index (ASX: XJO) is rebounding on Friday. In afternoon trade, the benchmark index is up 1.05% to 7,138.5 points.

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

    Australian Vanadium Ltd (ASX: AVL)

    The Australian Vanadium share price is down 12% to 5 cents. This has been driven by the completion of the vanadium developer’s equity raising this morning. Australian Vanadium has raised a total of $20 million from institutional, professional, and sophisticated investors at a 17% discount of 4.7 cents per new share. The proceeds will be used primarily to finance ongoing work at the company’s Australian Vanadium Project.

    Johns Lyng Group Ltd (ASX: JLG)

    The Johns Lyng share price is down almost 4% to $5.99. This follows news that the building services company’s CEO and COO have been selling shares. According to the release, both executives have sold 1 million shares each, bringing in over $6 million apiece. It is worth noting, though, that they still retain significant shareholdings despite these sales.

    Nufarm Ltd (ASX: NUF)

    The Nufarm share price is down 5% to $5.78. This may have been driven by a broker note out of Morgans. According to the note, the broker has downgraded the agricultural chemicals company’s shares to a hold rating and cut the price target on them to $6.65. Its analysts are expecting a strong result in FY 2022 but then a pullback in earnings in FY 2023.

    Unibail-Rodamco-Westfield (ASX: URW)

    The Unibail-Rodamco-Westfield share price is down 10% to $4.87. This follows news that the global real estate developer will rebrand three flagship shopping centres in Spain, Sweden and Poland. The centres being rebranded are Parquesur in Madrid, Taby Centrum in Stockholm, and Galeria Mokotow in Warsaw.

    The post Why Australian Vanadium, John Lyng, Nufarm, and Unibail-Rodamco-Westfield are dropping 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 positions in and has recommended Johns Lyng Group Limited. The Motley Fool Australia has recommended Johns Lyng 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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