Tag: Motley Fool

  • Talga (ASX:TLG) share price rockets 17% on EV battery news

    a smiling woman holds an arm in the air as she holds a fully-charged battery symbol with her other hand.a smiling woman holds an arm in the air as she holds a fully-charged battery symbol with her other hand.

    The Talga Group Ltd (ASX: TLG) share price is accelerating today following a positive update from the technology minerals company.

    At the time of writing, Talga shares are surging 17.48% to $1.68 apiece.

    Talga brings Europe’s first Li-ion battery anode plant online

    In today’s statement, Talga advised it has successfully commissioned its electric vehicle anode qualification plant located in Northern Sweden.

    This is considered to be Europe’s first ultra-low emission battery anode production facility.

    Pleasingly, the now operational plant was commissioned on time and within budget.

    Talga will now produce large scale commercial samples of its coated active anode material, Talnode-C for battery customer qualification. The process includes using graphite concentrate from the company’s wholly-owned Vittangi Graphite Project.

    Talga highlighted that more than 20 battery manufacturers and automotive customers are engaged to receive Talnode-C samples. This is for large-scale EV battery qualification and procurement processes.

    Large scale commercial testing is a critical stage in the EV customer procurement process for active anode material.

    Talga managing director, Mark Thompson commented:

    With demand for clean graphite anode rising, Talga’s Electric Vehicle Anode plant is an important step in the journey for the establishment of a European EV and battery supply chain. We look forward to start delivering large scale samples to engaged EV battery customers.

    Talga share price summary

    Since the beginning of the year, Talga shares have moved mostly sideways, posting a 3% gain for the period.

    However, when looking at the last 12 months, its share price is up around 36%.

    Based on today’s price, Talga commands a market capitalisation of roughly $511.9 million.

    The post Talga (ASX:TLG) share price rockets 17% on EV battery news appeared first on The Motley Fool Australia.

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

    Before you consider Talga, 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 Talga 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 Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Novonix (ASX:NVX) share price shoots up 20% this month amid tech snapback

    asx share price increase represented by golden dollar sign rocketing out from white domes of lithiumasx share price increase represented by golden dollar sign rocketing out from white domes of lithium

    Shares in Novonix Ltd (ASX: NVX) are surging 8% higher to now sit at $6.11 apiece in afternoon trade on Thursday.

    Investors are rallying behind Novonix today on a volume of 69% of the 4-week average, extending gains for the past month to 20%.

    Lumpy set of returns in 2022

    Even still, the stock remains 33% in the red since trading resumed in January, all whilst the ASX tech sector has slipped just 15%.

    This kind of trend has been the norm for Novonix shares since late 2021, in that with each move to the downside or upside in the tech index, Novonix tends to jump a few points on top of that.

    Since November last year, shares have netted a loss of 25%, whereas the index is down just 20% in the same time.

    TradingView Chart

    Much of the pressure has stemmed from shifting yields on long-dated bonds, hurting the valuations of shares like Novonix.

    Consequently, tech and growth shares alike have been compressed in 2022, with many names suffering deep losses until the time of writing.

    As The Motley Fool reported earlier in March, “with a downturn in the wider sector, this appears to have spilled over into downward pressure on Novonix as well.”

    Aside from that, the company saw earnings downgrades from several brokers on the back of its much larger expenditure base in the first half.

    In the last 12 months, the Novonix share price has spiked more than 183% and is also surging 4% in the previous week of trade.

    TradingView Chart

    The post Novonix (ASX:NVX) share price shoots up 20% this month amid tech snapback appeared first on The Motley Fool Australia.

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

    Before you consider Novonix, 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 Novonix 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 Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Here’s a look at some ASX shares with ex-dividend dates coming up in April

    A man points at a paper as he holds an alarm clock.

    A man points at a paper as he holds an alarm clock.A lot of money has been paid into shareholder pockets via dividends this month and this trend is set to continue in April.

    But in order to be eligible to receive these dividends, you’ll need to be on a company’s share register prior to the ex-dividend date.

    With that in mind, listed below are some popular ASX shares that are due to go ex-dividend in April. Here’s what you need to know:

    ARB Corporation Limited (ASX: ARB)

    This 4×4 parts manufacturer’s shares will be trading ex-dividend for its fully franked 39 cents per share interim dividend on 7 April. ARB will then be paying eligible shareholders this dividend a couple of weeks later on 22 April.

    Brickworks Limited (ASX: BKW)

    This building products company is rewarding its shareholders with a fully franked 22 cents per share dividend. To be eligible for the 3 May payment, you’ll need to own its shares before they trade ex-dividend on 11 April.

    New Hope Corporation Limited (ASX: NHC)

    Earlier this month, this coal miner released its half year results and announced a fully franked interim dividend of 17 cents and a special dividend of 13 cents per share. New Hope’s shares will trade ex-dividend for these on 14 April. Eligible shareholders will then be paid these dividends on 4 May.

    Seven Group Holdings Ltd (ASX: SVW)

    This investment company’s shares will trade ex-dividend on 12 April for its fully franked 23 cents per share dividend. This will then be paid around three and a half weeks later on 6 May.

    Sigma Healthcare Ltd (ASX: SIG)

    Sigma Healthcare, the operator of Amcal and other pharmacy brands, will be paying its shareholders a fully franked 1 cent per share dividend on 22 April. To be eligible for this, you’ll need to own its shares before they go ex-dividend on 4 April.

    Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

    Finally, this investment company declared a fully franked 29 cents per share dividend earlier this month with its half year results. Soul Patts’ shares will trade ex-dividend for it on 20 April, before making the payment the following month on 13 May.

    The post Here’s a look at some ASX shares with ex-dividend dates coming up in April 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 no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended ARB Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • This ASX blue-chip share has notched up 9 52-week highs this month

    share price risingshare price rising

    March has been a good month for many of the market’s biggest names, and one ASX blue-chip share is making the most of it.

    The National Australia Bank Ltd. (ASX: NAB) share price has surpassed its own 12-month record high 9 times this month, often on consecutive days.

    In fact, it’s beaten it once again today, gaining 0.5% to trade at $32.56 at its intraday – and new 52-week – high point.

    Let’s take a look back at each time the ASX blue-chip share has bested its own milestone this month.

    ASX blue-chip share hits 9 52-week highs in March

    Today is another good day for the NAB share price ­– it’s in the green once more, pushing past its previous 52-week high yet again.

    And it’s perhaps not surprising given the bank stock’s performance over the month of March. It has gained nearly 12% since the end of February.

    Interestingly, its share price has only outperformed the broader ASX blue-chip market by around 5% in that time.

    The S&P/ASX 100 Index (ASX: XTO) has gained 7% this month, as has the S&P/ASX 50 Index (ASX: XFL).

    Prior to March, the NAB share price’s 52-week high was $30.98. It reached that point in mid-February 2022.

    Then, on 17 March, it traded as high as $31.27.

    That 12-month high didn’t last long. On 21 March, the ASX blue-chip share surpassed it to reach $31.47 – but its new 52-week high was beaten only days later when it hit $31.74 on 23 March.

    Since then, it has reached a new 52-week high during every single trading session, culminating in today’s $32.56 high point.

    As many readers have likely already assumed, the NAB share price has been performing well this year.

    It’s bested the S&P/ASX 200 Index (ASX: XJO)’s performance by nearly 11% over 2022 so far.

    It has also gained 24.5% over the last 12 months. Over that same period, the benchmark index has risen by 11%.

    The post This ASX blue-chip share has notched up 9 52-week highs this month appeared first on The Motley Fool Australia.

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

    Before you consider NAB, 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 NAB 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 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 Bruce Jackson.

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  • What’s driving the Mineral Resources (ASX:MIN) share price higher today?

    mining worker making excited fists and looking excitedmining worker making excited fists and looking excited

    The Mineral Resources Limited (ASX: MIN) share price is marching higher today, up 3.27%.

    Mineral Resources shares closed yesterday at $50.51 and are currently trading for $52.16.

    So, without any new price-sensitive announcements from the company, what’s driving ASX investor interest in Mineral Resources?

    Materials shares leading the charge

    It’s not just Mineral Resources enjoying a strong day today.

    The S&P/ASX 200 Materials Index (ASX: XMJ) is well outpacing the S&P/ASX 200 Index (ASX: XJO). The Materials Index is up 2.03% at the time of writing, compared to a 0.44% gain for the ASX 200.

    The strong performance of the Mineral Resources share price looks to be partly driven by a 3.4% boost in iron ore prices overnight. Iron ore is currently trading just above US$158 per tonne.

    Atop iron ore, Mineral Resources also has a large footprint in lithium mining operations. And lithium carbonate prices remain near record highs as the world continues with its battery boom in an effort to decarbonise.

    And in news that looks to be offering tailwinds across ASX resource shares, and could be helping boost the Mineral Resources share price, the United States is poised to begin funding Australian critical minerals projects.

    As the Australian Financial Review reports, US Commerce Secretary Gina Raimondo met with Australian Trade Minister Dan Tehan yesterday to work through remaining regulatory hurdles.

    The US is looking for secure sources outside of China for minerals crucial to the development of electric vehicles and a range of military equipment, not to mention smartphones. President Joe Biden is invoking Cold War powers to enable the US government to finance overseas projects.

    Mineral Resources share price snapshot

    The Mineral Resources share price is up almost 37% over the past 12 months, handily outpacing the 11% gains posted by the ASX 200 during that same period.

    At the current price, Mineral Resources has a market cap just north of $9.5 billion.

    The post What’s driving the Mineral Resources (ASX:MIN) share price higher today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Mineral Resources right now?

    Before you consider Mineral Resources, 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 Mineral Resources 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

    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 Bruce Jackson.

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  • What exactly is vanadium and which ASX shares have exposure?

    Vanadium square on a periodic table.

    Vanadium square on a periodic table.

    It’s probably an understatement to say that green metals are all the rage on the ASX at the moment. Almost any company that mines, produces, or processes green metals has seen an uptick in investor interest over recent months. We only need to look at lithium shares like AVZ Minerals Ltd (ASX: AVZ), up 260% in the past six months, to see this in action. But lithium is only one green metal. There are many more that investors are also excited about for their role in our potential future. Vanadium is one of those.

    Vanadium is an element (23 on the periodic table, with the symbol ‘V’) that is hard and grey in colour. According to Geoscience Australia, it is a soft and ductile metal, which makes it useful in producing iron alloys like high-strength steel. But it is also increasingly being seen as a potentially key ingredient in the next generation of rechargeable batteries. Particularly those known as ‘redox flow batteries’.

    Industry analyst Professor Rick Velenta told a recent report from the ABC that redox flow batteries “can last for over 20 years, they don’t degrade over time, and they don’t catch on fire, which is a major problem for other large-scale batteries”. 

    He said that “only about 2 per cent of vanadium produced around the world is used for redox flow batteries… but they’re such appealing batteries, demand will increase”.

    That sounds like good news for Australia, which has the third-largest deposits of the metal in the world, behind China and Russia.

    And this is presumably what has piqued many investors’ interests in this green metal. 

    So which ASX shares are involved in vanadium production?

    Is vanadium miner Multcom Resources listed on the ASX?

    Well, one popular name is Multicom Resources. This company owns the Saint Elmo Project near Julia Creek in Queensland. Saint Elmo reportedly has an extensive vanadium resource. It has been branded by the federal government with ‘Major Project Status’ to reflect its potential as a significant national deposit of vanadium. 

    Unfortunately, though, Multicom Resources is not an ASX share, since it remains a private, unlisted company. So most investors won’t be able to buy Multicom Resources shares, at least for now. 

    But the ASX does have some other names in vanadium that are available for ASX trading. One is Neometals Ltd (ASX: NMT). Neometals owns the Barrambie Titanium and Vanadium Project in Western Australia. Barrambie is still in exploration phase, but Neometals has been granted a mining permit for the site. 

    Neometals is also part of a joint venture with the Scandinavian company Critical Metals that is currently examining the feasibility of “constructing a recycling facility to recover and process high-grade vanadium products from vanadium-bearing steel by-product in Scandinavia”.

    Another name on the ASX is Horizon Minerals Ltd (ASX: HRZ). Horizon is primarily a gold miner, but also runs a joint venture with Richmond Vanadium Technology. This joint venture covers exploration of the Richmond Vanadium Project in Queensland, which the company estimates is “one of the largest undeveloped vanadium resources in the world”.

    So although Milticom Resources is not listed on the ASX, shares like Horizon and Neometals are. 

    Vanadium is still an emerging commodity. But the excitement for its potential uses is real, so this is a space definitely worth keeping an eye on. 

    The post What exactly is vanadium and which ASX shares have exposure? appeared first on The Motley Fool Australia.

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

    Before you consider Neometals, 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 Neometals 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 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 Bruce Jackson.

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  • Woodside share price dips despite ‘significant achievement’. Here’s why

    A group of disappointed board members.A group of disappointed board members.

    The Woodside Petroleum Limited (ASX: WPL) share price is heading south today despite a positive update from the company.

    At the time of writing, the oil and gas company’s shares are exchanging hands for $32.15, down 1.2%.

    Let’s take a closer look at what Woodside announced, and what might be dragging its shares lower.

    Woodside accelerates production from offshore Pluto fields

    The Woodside share price is in the red despite the company revealing it has commenced the processing of gas from the offshore Pluto fields located at the North West Shelf project’s (NWS) Karratha gas plant (KGP).

    Notably, the production is ahead of schedule following the start-up of the Pluto-KGP Interconnector.

    The interconnector is a 3.2-kilometre pipeline that connects Pluto liquefied natural gas (LNG) with KGP. This allows other resource owners’ gas to be processed at KGP.

    The plant is expected to process roughly 2.5 million tonnes of LNG and around 20 petajoules of domestic gas from Pluto between 2022 to 2025.

    One petajoule is equivalent to powering 19,000 homes for an entire year, or almost 380,000 dwellings with 20 petajoules.

    Woodside CEO Meg O’Neill touched on the “significant achievement”, saying:

    The start-up of the Pluto-KGP Interconnector provides access to spare capacity at Karratha Gas Plant to process gas owned by other resource owners, both onshore and offshore Western Australia. The commencement of Pluto gas flowing through the Interconnector is the first example of this.

    The processing of gas from the offshore Pluto fields through Karratha Gas Plant enables Woodside to deliver additional LNG cargoes into the international gas market.

    The commercial agreements underpinning third-party gas processing at the North West Shelf reflect the commitment of Woodside and the North West Shelf Project to maximising value from the significant infrastructure on the Burrup Peninsula.

    So why are Woodside shares falling?

    It is possible the Woodside share price is being affected by falling oil prices today. This comes amid news the Biden administration is contemplating releasing its oil reserves, as the war between Russia and Ukraine continues to impact fuel prices.

    The plan being weighed up involves releasing approximately a million barrels of crude oil per day from the strategic petroleum reserve.

    The total release is expected to be as much as 180 million barrels of oil to ease demand for the crucial commodity.

    In addition, efforts are being co-ordinated with other countries to also release their strategic oil reserves.

    While no final decision has yet to be reached by the United States, an announcement could come as soon as tonight.

    About the Woodside share price

    Over the past 12 months, the Woodside share price has risen by 34% in value. However, when looking at year to date, its shares have surged by almost 50% following an uptick in oil prices.

    Based on today’s price, Woodside commands a market capitalisation of roughly $31.8 billion.

    The post Woodside share price dips despite ‘significant achievement’. Here’s why 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 Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • Fortescue share price jumps 4% higher

    The Fortescue Metals Group Limited (ASX: FMG) share price is up by 4%, adding to the gains it has seen over the past couple of weeks.

    Since 15 March 2022, Fortescue shares have risen by 20%.

    The iron ore miner is rising amid the increase of the iron ore price overnight. According to Commsec, the iron ore price went up by 0.4% overnight to US$150.88 per tonne.

    Changes in the iron ore price may impact the Fortescue share price as it’s one of the world’s biggest iron ore miners.

    Fortescue isn’t the only miner that is seeing gains today. The other iron mining giants in the S&P/ASX 200 Index (ASX: XJO) are also up. The BHP Group Ltd (ASX: BHP) share price is up 3% while the Rio Tinto Limited (ASX: RIO) share price is up by 2%.

    Further green hydrogen progress

    Earlier this week, investors learned that the green division of Fortescue, called Fortescue Future Industries (FFI), had signed a large green hydrogen deal in Germany.

    FFI and energy giant E.ON signed a memorandum of understanding to partner and execute on the ambition to deliver up to five million tonnes per annum of green, renewable hydrogen to Europe by 2030. The Fortescue share price has risen 6% since the announcement of this deal.

    FFI said:

    This historic partnership marks E.ON’s and FFI’s broader ambition to lead the decarbonisation of Europe and to strengthen security of green energy supply at a time when Europe needs to reduce its energy dependence on fossil fuels from Russia as quickly as possible. Five million tonnes per annum (mtpa) of renewable GH2 is equal to approximately one third of the calorific energy Germany imports from Russia.

    Both companies will work together, in collaboration  with their governments, regarding how to achieve supply as fast as possible. This will help to decarbonise thousands of medium-sized enterprises all over Germany and the Netherlands, as well as other European cities and communities to which E.ON distributes energy, according to FFI.

    The post Fortescue share price jumps 4% higher appeared first on The Motley Fool Australia.

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

    Before you consider Fortescue, 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 Fortescue 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 Tristan Harrison owns Fortescue Metals 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 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 Bruce Jackson.

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  • Why is the Xero share price sliding 4% lower today?

    a woman looks exhausted and overwhelmed as she slumps forward into her hand while looking at her laptop screen.a woman looks exhausted and overwhelmed as she slumps forward into her hand while looking at her laptop screen.

    The Xero Limited (ASX: XRO) share price is tumbling lower on Thursday despite no word having been released by the company.

    However, it’s a rough day on the market for many ASX tech shares, particularly those on the S&P/ASX 200 Index (ASX: XJO).

    At the time of writing, the Xero share price is $103.84, 3.55% lower than its previous close.

    For context, the ASX 200 is currently trading 0.41% higher.

    Let’s take a closer look at what’s going on with Xero’s stock today and the performance of its ASX 200 technology peers.

    Xero share price slumps 4% on Thursday

    The Xero share price is sliding lower today, losing all its gains for the week so far.  

    After tumbling 5% on Monday, the cloud-based account and business software provider’s stock gained 3% on Tuesday and 5% on Wednesday.

    Sadly, today’s tumble has brought it back to square one.

    It also makes Xero the second worst performing stock on the S&P/ASX 200 Information Technology Index (ASX: XIJ) on Thursday.

    Only Block Inc (ASX: SQ2) is recording a bigger fall. Its share price is currently down 3.79%.

    Though, the ASX 200 sector as a whole is also suffering, having slipped 1.39% at the time of writing.

    Looking at the tech sector beyond the ASX 200, the S&P/ASX All Technology Index (ASX: XTX) is recording a 0.88% slump.

    The Xero share price’s poor Thursday performance sees it 28% lower than it was at the start of 2022. It has also fallen 17% since this time last year.

    The post Why is the Xero share price sliding 4% lower today? appeared first on The Motley Fool Australia.

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

    Before you consider Xero, 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 Xero 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 Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Block, Inc. and Xero. The Motley Fool Australia owns and has recommended Block, Inc. and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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  • This ASX fintech just did a deal with Mastercard, and its shares are soaring 16%

    Woman looks amazed and shocked as she looks at her laptop.Woman looks amazed and shocked as she looks at her laptop.

    The Change Financial Ltd (ASX: CCA) share price is soaring today after the company struck a financial agreement with Mastercard.

    The company’s shares are currently swapping hands at 9.9 cents, a 16.47% gain. For perspective, the S&P/ASX 200 Index (ASX: XJO) is climbing 0.41% today.

    Change is a global fintech company providing payments as a service (PaaS) to 141 clients in 41 countries

    Let’s take a look at what this ASX fintech announced today.

    Deal with Mastercard

    The Change Financial share price is surging after the company announced it has signed an exclusive six-year agreement with Mastercard in Australia and New Zealand.

    The company will receive a cash incentive payment of $1.4 million from Mastercard upon the launch of the first direct issuing program in Australia or New Zealand. This is expected in H1 FY23.

    Mastercard and Change will now be able to work together to spearhead prepaid and debit card programs for banks and fintechs.

    Change also expects the agreement will deliver transactional and recurring revenues and incentive discounts that will reduce the network costs.

    The ASX fintech is optimistic this deal will open up further opportunities to drive growth in the Oceania region.

    Commenting on the agreement fuelling the Change Financial share price today, CEO and managing director Alastair Wilkie said:

    This Agreement strengthens both our long-standing relationship with Mastercard in the US, as well as our transaction processing capabilities for existing clients.

    Our partnership with Mastercard will deliver direct issuing capabilities for our Australian and New Zealand clients, giving them a faster path to market for innovative prepaid and debit card products

    The Oceania region generates 29% of Change’s revenue and 33% of its client base.

    Change Financial share price snapshot

    The Change Financial share price has fallen 9% in a year and almost 5% this year to date.

    In the past month, the company’s shares have soared 14%, while they are up 12% in the past week alone.

    For perspective, the benchmark ASX index has returned about 11% over the past year.

    The company has a market capitalisation of about $39 million based on the current share price.

    The post This ASX fintech just did a deal with Mastercard, and its shares are soaring 16% appeared first on The Motley Fool Australia.

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    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 Bruce Jackson.

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