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The S&P/ASX 300 Index (ASX: XKO) may have enjoyed a day in the green, but three ASX 300 shares outperformed the index while recording multi-year highs.

The ASX 300 ended the day up 0.87% at 7,361.9 points. It was a similar story for the S&P/ASX 200 Index (ASX: XJO), which closed 0.82% higher at 7,364.7 points.

So which ASX 300 shares leapt to yearly highs today?

Coronado Global Resources Inc (ASX: CRN)

The Coronado Global Resources share price climbed 3.36% today to close at $2.46. However, in afternoon trade, it hit $2.48. This is the highest price for Coronado shares since August 2019.

A possible catalyst could be the price of coal, which soared 9% to US$355 per tonne in one day, Trading Economics data reveals. Coronado produces metallurgical coal from projects in Queensland and the United States.

Challenger Ltd (ASX: CGF)

The Challenger share price rose 3.09% today to end the day’s trading at $7.68. In afternoon trade, the investment management company’s share price reached $7.725. That is the highest this ASX 300 share has been since early March 2020.

Challenger managing director and CEO Nick Hamilton presented at the Macquarie Australia conference in Sydney today. Hamilton reflected on the success of the company’s diversification strategy. He said this strategy is driving significant momentum across the business. He highlighted the company’s Our Life business has achieved a 30% increase in sales to $7.6 billion.

Amcor CDI (ASX: AMC)

The Amcor share price surged 5.68% today to close at $17.69. In earlier trade, the company’s share price leapt 8% to $18.11 — an all-time high.

This ASX 300 share followed in the footsteps of its US listing. The Amcor PLC (NYSE: AMCR) share price surged 9.61% on the New York Stock Exchange on Wednesday.

Investors appeared to be responding positively to the company’s financial results. Net sales for the quarter soared 15.6% to $3,708 million. For the nine months ended March 31, sales surged 13% to $10,635 million. Adjusted earnings before interest and taxes (EBIT) jumped 6% in the quarter compared to the prior corresponding period.

The post 3 ASX 300 shares rocking new 52-week highs on Thursday appeared first on The Motley Fool Australia.

More reading

• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• 3 ASX All Ordinaries shares that smashed new 52-week highs today
• ‘Outlook bright’: expert picks 2 ASX shares to buy right now
• Up 80% in 2022, are Coronado shares heading for the ASX 200?
• Why City Chic, Coronado, South32, and Syrah shares are charging higher

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 Amcor Limited. The Motley Fool Australia has recommended Challenger Limited and Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Vulcan Energy Resources Ltd (ASX: VUL) share price is benefitting from a surge in positive investor sentiment today.

Upon inspection, the lithium explorer went toe-to-toe with some of the best performers on the ASX on Thursday. The Vulcan share price finished the session up 5.53% at $8.02.

Interestingly, there were no announcements percolating through from Vulcan to the market today. So, what could be grabbing the attention of ASX investors?

Mapping out the future of lithium

Investors know all too well that the future is more important than the past. It is not where the share price currently is that defines our returns, it’s where it will be years from now.

Because of this, estimates and forward projections become the driving force in the short term. As for the Vulcan Energy share price, today came with a set of important forecasts regarding the commodity of focus — lithium.

Recently, analysts at Goldman Sachs pencilled in their projections for lithium prices. They believe lithium carbonate prices will average US$46,640 per tonne this year. However, the analysts project a decline in prices for future years — falling from US$20,500 per tonne in 2023 to US$14,468 per tonne in 2025.

While Vulcan is not yet producing lithium, the value of its future cash flow is reliant on the commodity’s value. Considering this, it might not make sense why the Vulcan share price is in the green today.

One reason might be a renewed focus on potential profitability. Noted by Ben Cleary of Tribeca Global Natural Resources Fund, if lithium prices do retreat, investors still wanting exposure to the sector might congregate around cash-positive companies.

Essentially, the premise of Vulcan Energy’s goal is to produce lithium at a substantially lower cost than is traditional by using its Direct Lithium Extraction method. Although, this is still undergoing assessment.

Vulcan share price snapshot

Vulcan was one of the best performing ASX shares in 2020 and 2021. However, that performance hasn’t been replicated so far this year.

Since hitting an all-time high price of $16.65 in September last year, Vulcan shares have been steadily declining. Looking at the year-to-date performance, the Vulcan share price is down 26%.

The post Vulcan share price pops 5% on future lithium expectations appeared first on The Motley Fool Australia.

More reading

• Here’s why ASX lithium stocks are rocketing higher today
• What will the lithium price be in 2025?
• Why is the Vulcan share price lagging the ASX 200 today?
• Down 13% in a month, is the Vulcan share price a buying opportunity?
• Analysts name 3 top ASX lithium stocks to buy now

Motley Fool contributor Mitchell Lawler 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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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a large 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:

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

According to a note out of Citi, its analysts have retained their buy rating and $30.75 price target on this banking giant’s shares. This follows the release of ANZ’s half-year result earlier this week. Although the broker was disappointed to see the bank rethink its FY 2024 $8 billion cost base target and is now forecasting a $9.3 billion cost base, it remains positive. This is because Citi still expects >10% earnings per share and dividends per share growth in FY 2023 and FY 2024 as the cash rate rises. The ANZ share price is trading at $26.91 on Thursday.

Cochlear Limited (ASX: COH)

A note out of Morgans reveals that its analysts have retained their add rating and lifted their price target on this hearing solutions company’s shares to $244.50. This follows news that Cochlear has agreed to acquire Oticon Medical for A$170 million. Morgans believes the acquisition is a good one and will fortify the company’s position in the bone-anchored hearing aid segment. The Cochlear share price is fetching $229.08 today.

Liontown Resources Limited (ASX: LTR)

Analysts at Macquarie have retained their outperform rating and $2.50 price target on this lithium developer’s shares. This follows the company’s appearance at the broker’s investor conference this week. Macquarie is positive on Liontown, highlighting that it has offtake agreements with Tesla and LG Energy Solutions, is fully funded for stage one production, and will ultimately be targeting production of 500,000 tonnes per annum in FY 2026. The Liontown share price is trading at $1.46 this afternoon.

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

More reading

• Here’s why ASX lithium stocks are rocketing higher today
• Why ANZ, ARB, Janus Henderson, and Temple & Webster shares are falling
• What will the lithium price be in 2025?
• Up 250% in a year, the Liontown share price surges 6% higher again today
• Top brokers explain why not all ASX lithium shares are created equal

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 Cochlear Ltd. The Motley Fool Australia has recommended Cochlear Ltd. and 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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Although the statistics consistently show that exchange-traded funds (ETFs) covering Australian ASX shares are the most commonly held amongst ASX investors, the Vanguard MSCI International Share Index ETF (ASX: VGS) is still a popular choice. In fact, VGS is the second-most popular ASX ETF that covers international shares on the market. This means that this ETF is a go-to choice for many investors who want to diversify an ASX share portfolio to include some exposure to countries and companies that lie outside Australia.

But how far does the Vanguard International Shares ETF go in this regard? Is this ETF really a good choice for ASX diversification? Let’s take a look under the hood of this ETF.

VGS ETF: Diversified or not diversified?

So VGS is an ETF that is extremely wide in its scope. It aims to track a basket of international shares listed across the advanced economies of the world. That means that VGS houses shares from countries ranging from the United States, Canada, and the United Kingdom to Singapore, Japan and most of Europe. At the latest count, this ETF houses close to 1,500 individual underlying shares within it.

In saying that, it is the United States that unambiguously dominates this ETF. On the latest data, 70.5% of VGS’s underlying portfolio consists of US shares. Indeed, so do its top ten investments. All ten of these are US companies, which in turn are dominated by tech giants like Apple Inc (NASDAQ: AAPL), Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), Amazon.com Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA).

So we have something of a dualling narrative here. Yes, VGS has exposure to more than 20 different countries’ markets. Yet more than 70% of its portfolio weighting is to the US. Yes, VGS has almost 1,500 underlying shares in its portfolio. But its top ten positions make up just over 20% of its entire portfolio.

So the Vanguard International Shares Index ETF can arguably be thought of as both diversified and concentrated. VGS charges a management fee of 0.18% per annum.

The post How diversified is the Vanguard International Shares ETF? appeared first on The Motley Fool Australia.

More reading

• Here are 2 top ETFs for ASX investors to buy next week
• What’s impacting the Vanguard MSCI Index International Shares ETF price in 2022?
• 3 high quality ETFs for ASX investors to buy today
• Is the Vanguard International Shares ETF just a big bet on the FANG stocks?
• How did the Vanguard MSCI Index International Shares ETF fare in March?

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet (A shares), Amazon, Apple, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Tesla, and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is on form on Thursday and charging higher. At the time of writing, the benchmark index is up 0.8% to 7,366.1 points.

However, as positive as this is, this gain pales in comparison to one area of the market – the lithium industry.

Lithium stocks race higher

In afternoon trade, a number of ASX lithium stocks are on course to record very strong gains. Here’s a summary of how they are performing:

• The Allkem Ltd (ASX: AKE) share price is up 5%.
• The Core Lithium Ltd (ASX: CXO) share price is up 7%.
• The Lake Resources N.L. (ASX: LKE) share price is up 6%.
• The LionTown Resources Limited (ASX: LTR) share price is up 7%.
• The Pilbara Minerals Ltd (ASX: PLS) share price is up 6.5%.
• The Sayona Mining Ltd (ASX: SYA) share price is up 11%.
• The Vulcan Energy Resources Ltd (ASX: VUL) share price is up 5%.

Why are they rising?

Today’s gain appears to have been driven by the release of an impressive result from lithium giant Livent overnight.

The NYSE-listed lithium miner saw its shares hurtle 30% higher after reporting a 17% increase in revenue to US$143.5 million and a 94% quarter on quarter jump in EBITDA to $53.2 million. This was well-ahead of the market’s expectations.

In addition, Livent’s CEO, Paul Graves, spoke very positively about current trading conditions, which seems to have given investor sentiment a big boost.

He commented:

Strong lithium demand growth has continued in 2022.  Published lithium prices in all forms have increased rapidly amid very tight market conditions and Livent continues to achieve higher realized prices across its entire product portfolio.

In light of this positive outlook, Livent has upgraded its full year revenue guidance by over US$200 million and its EBITDA guidance by over US$130 million.

It now expects revenue of US$755 million to US$835 million and EBITDA of US$290 million to US$350 million. The midpoint of this guidance implies year on year growth of 89% and 360%, respectively.

It certainly is a boom time for lithium stocks.

The post Here’s why ASX lithium stocks are rocketing higher today appeared first on The Motley Fool Australia.

More reading

• Core Lithium share price is surging 7% on Thursday. What’s going on?
• These 3 ASX 200 shares are topping the share market’s volume charts on Thursday
• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• Why is the Pilbara Minerals share price rocketing 7% today?
• What will the lithium price be in 2025?

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 Core Lithium Ltd (ASX: CXO) share price is back on the horse on Thursday to recover some of its losses for the week so far.

And while there’s been no news from the company to explain its surge, it’s far from alone in its gains. Many of its fellow ASX lithium shares are also taking off today.

At the time of writing, the Core Lithium share price is $1.285, 7.08% higher than its previous close.

For context, the All Ordinaries Index (ASX: XAO) and the S&P/ASX 200 Index (ASX: XJO) are both in the green too. They’ve gained 1% and 0.82% respectively.

Let’s take a look at what’s been going on with the Core Lithium share price lately.

What’s boosting the Core Lithium share price today?

The Core Lithium share price has made its triumphant return to the green today. It’s currently 102% higher than it was at the start of 2022.

That’s despite the stock’s poor performance for the week so far. It tumbled 5% on Monday, before slipping another 4.5% and 5.1% on Tuesday and Wednesday.

As a result, the lithium developer’s stock is still 9% lower than it was at the end of last week.

Those falls came despite the company releasing two pieces of good news to the market.

First, it announced it had signed a crushing services contract for its Finniss Lithium Project. Then, an underground mine at the project was granted environmental approval.

It stands to reason that today’s gains could be the market’s way of correcting after the sell-off earlier this week.

It’s also worth noting that today is proving to be a good day for many ASX lithium shares.

The share prices of Liontown Resources Limited (ASX: LTR) and Pilbara Minerals Ltd (ASX: PLS) are both up around 7%. Meanwhile, that of Sayona Mining Ltd (ASX: SYA) is up 11%.

The post Core Lithium share price is surging 7% on Thursday. What’s going on? appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares are topping the share market’s volume charts on Thursday
• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• What will the lithium price be in 2025?
• Top brokers explain why not all ASX lithium shares are created equal
• Core Lithium share price gives up early gains to close 5% lower

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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The S&P/ASX 200 Index (ASX: XJO) is once again bouncing higher so far this Thursday. At the time of writing, the ASX 200 is up a healthy 0.83% at just over 7,360 points.

But let’s delve deeper into these market moves and check out the ASX 200 shares currently topping the market’s share volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Thursday

Pilbara Minerals Ltd (ASX: PLS)

Our first ASX 200 share to check out today is the lithium producer Pilbara Minerals. So far this Thursday, a sizeable 17.93 million Pilbara shares have changed owners. There has been no news or announcements out of Pilbara itself today. However, the company’s share price has certainly made a dramatic move. Right now, the Pilbara share price is up a pleasing 6.65% at $2.81 a share. Such a decisive move is the probable reason we see Pilbara on this list today.

Core Lithium Ltd (ASX: CXO)

Core Lithium is our next cab off the rank this Thursday. So far today, a hefty 19.46 million Core Lithium shares have been bought and sold. Again, we seem to have a dramatic share price movement to thank for this volume. Core Lithium has shot markedly higher today. It’s currently up by 7.08% at $1.28 a share, rising alongside other ASX 200 lithium stocks like Pilbara. It’s this move higher that is the likely reason why we have seen this elevated trading volume.

AVZ Minerals Ltd (ASX: AVZ)

Yet another ASX 200 lithium stock in AVZ once again rounds out our list today. AVZ Minerals has had a whopping 65.6 million of its shares traded on the share market this Thursday. This large volume appears to be the result of the significant share price movement this company has experienced today. As it presently sits, the AVZ share price is up a pleasing 5% at 84 cents a share. This comes after the company tanked more than 18% yesterday. With all of this volatility, no wonder so many AV shares are trading.

The post These 3 ASX 200 shares are topping the share market’s volume charts on Thursday appeared first on The Motley Fool Australia.

More reading

• Core Lithium share price is surging 7% on Thursday. What’s going on?
• Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher
• Why is the Pilbara Minerals share price rocketing 7% today?
• What will the lithium price be in 2025?
• ASX 200 midday update: NAB disappoints, Qantas announces acquisition

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is pushing higher. At the time of writing, the benchmark index is up 0.8% to 7,365 points.

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

ARB Corporation Limited (ASX: ARB)

The ARB share price is down a further 1.5% to $33.15. Investors have been selling this 4×4 parts manufacturer’s shares since the release of a market update on Wednesday. That update revealed that ARB expects to report a 12% increase in revenue to $700 million in FY 2022. However, due to a large increase in costs, its margins and earnings are under significant pressure.

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The ANZ share price is down 1.5% to $26.97. Investors have been selling this banking giant’s shares after brokers responded negatively to its half-year results. For example, Goldman Sachs has downgraded the bank’s shares to a neutral rating with a $29.84 price target. Its analysts believe the removal of ANZ’s cost reduction target has taken away valuation support.

Janus Henderson Group (ASX: JHG)

The Janus Henderson share price has sunk 14% to $37.40. Investors have been selling this fund manager’s shares after its quarterly update disappointed. Janus Henderson reported first quarter operating income of US$124.6 million, which was down 21% quarter on quarter and 35.3% year on year.

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price is down a further 2% to $4.93. This online furniture and homewares retailer’s shares have come under significant pressure after it announced its expansion into the home improvement market. The new online business is expected to be loss-making for several years and could therefore weigh on its slender margins

The post Why ANZ, ARB, Janus Henderson, and Temple & Webster shares are falling appeared first on The Motley Fool Australia.

More reading

• Here’s why the Janus Henderson share price just plunged 14%
• ASX 200 midday update: NAB disappoints, Qantas announces acquisition
• Are these 2 compelling ASX shares buys in May 2022?
• ANZ shares downgraded after cost cutting plan abandoned
• 5 things to watch on the ASX 200 on Thursday

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 Temple & Webster Group Ltd. The Motley Fool Australia has recommended ARB Corporation Limited and Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Splitit Ltd (ASX: SPT) share price is on a wild ride today. In early trade it hit a high of 31 cents — a gain of almost 9%. But it has since slumped and at the time of writing is 25.5 cents — down 10.53% on Wednesday’s close.

For comparison, the S&P/ASX All Technology Index (ASX: XTX) is currently climbing 2.08%.

Let’s take a look at what is impacting the Splitit share price today.

Splitit responds to ASX query

Splitit shares have had a stellar month, surging around 60% since market close on 5 April.

During this time, the ASX has sent Splitit two share price queries, one of which was released to the market today.

Splitit shares soared 31% between market close on 5 April and 27 April. Then on 28 April, the company’s share price exploded 55%.

The ASX BNPL share reiterated today is not aware of any non-public information that explained the first price and volume movement.

With regard to the second movement, Splitit cited the CEO’s new vision potentially impacting the share price.

Commenting on the second share price movement, Splitit said:

Splitit believes that, after almost 6 months without a permanent CEO in place, gaining insight into the new CEO’s assessment of Splitit’s potential may have influenced investors to trade in Splitit’s shares.

Splitit told the ASX it is complying with listing rules. The company also responded to the ASX on 27 April advising it was not aware of any information explaining recent trading of its shares.

On 28 April, the company released a quarterly activities report, CEO presentation, and AGM meeting results.

In a new vision outlined on 28 April, CEO Nandan Sheth highlighted Splitit “bridges the gap” between BNPL and credit cards. The company also revealed it is in talks with Google about expanding its partnership with the technology giant to United States customers.

The company allows customers to split payments using available credit lines. This differentiates the company from other ASX BNPL shares.

Sheth commenced in the role of CEO on 28 February.

Share price snapshot

The Splitit share price has fallen 66% in the past year. However, this year to date it is up 2%, while it is up 21% in the past week alone.

Splitit has a market capitalisation of about $129 million based on the current share price.

The post ASX BNPL share Splitit sinking 11% on rollercoaster day appeared first on The Motley Fool Australia.

More reading

• Guess which ASX BNPL share has soared 100% in a month. Hint: it’s not Zip
• Splitit share price leaps another 14% as CEO ‘formulates a new vision’
• The Splitit share price just popped 30%. What’s with this ASX BNPL share?
• March was a lousy month for ASX BNPL shares. Here’s why

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to snap its losing streak. At the time of writing, the benchmark index is up 0.75% to 7,360 points.

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

Alliance Aviation Services Ltd (ASX: AQZ)

The Alliance Aviation share price is up 22% to $4.28. Investors have been buying this fly-in, fly-out operator’s shares after it agreed to be taken over by Qantas Airways Limited (ASX: QAN). Australia’s flag carrier airline has offered one Qantas share per Alliance share. This represents a 35% premium to the $3.51 Alliance share price at yesterday’s close and values Alliance at an enterprise value of $919.2 million.

Amcor (ASX: AMC)

The Amcor share price is up 5.5% to $17.66. This follows a positive response to the packaging company’s third-quarter update from brokers. For example, Morgans was pleased with its stronger than expected earnings per share and retained its add rating and lifted its price target on Amcor’s shares to $18.60.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price has jumped over 6% to $1.28. A number of lithium miners are charging higher today following a stellar night of trade on Wall Street for lithium miners. This was driven by a very strong quarterly result from Livent. It reported a huge jump in profits, which led to its shares surging 30% higher overnight.

QBE Insurance Group Ltd (ASX: QBE)

The QBE share price is up over 4% to $12.54 following the release of a performance update. That update revealed that the insurance giant delivered 19% growth in gross written premium during the third quarter. The company also advised that its renewal rate increases averaged 7.9% during the period.

The post Why Alliance Aviation, Amcor, Core Lithium, and QBE shares are storming higher appeared first on The Motley Fool Australia.

More reading

• QBE share price lifts despite potential $100m impact of Ukraine conflict
• What will the lithium price be in 2025?
• Alliance share price rockets 24% on Qantas takeover news
• Top brokers explain why not all ASX lithium shares are created equal
• Core Lithium share price gives up early gains to close 5% lower

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 Alliance Aviation Services Ltd. The Motley Fool Australia has positions in and has recommended Alliance Aviation Services Ltd. and Amcor 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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