Tag: Motley Fool

  • These 3 ASX 200 shares are topping the volume charts this Tuesday

    Two men lok sxcited on the trading floor.Two men lok sxcited on the trading floor.

    The S&P/ASX 200 Index (ASX: XJO) is continuing to swell higher this Tuesday so far, continuing the recent good run the ASX 200 has had. At the time of writing, the ASX 200 is up by a strong 0.8% at just over 7,470 points. 

    But let’s dig a little deeper into today’s moves and check out the ASX shares topping the market’s trading volume charts, according to investing.com.

    The 3 most traded ASX 200 shares by volume on Tuesday

    Uniti Group Ltd (ASX: UWL)

    Our first share up today is ASX 200 telco Uniti. This company has so far today seen an impressive 12.51 million of its shares swap homes. This is likely the result of the takeover speculation that is currently swirling around this company.

    As we covered earlier today, Uniti has received an upped bid of $5 per share from a consortium of Morrison & Co and Brookfield Infrastructure Group, matching the bid received from Macquarie Group Ltd (ASX: MQG) last week. Despite initially spiking this morning, Uniti shares are now down by 1.69% at $4.64. It’s likely this combination of events is why so many Uniti shares have been traded today.

    Telstra Corproation Ltd (ASX: TLS)

    Another ASX 200 telco is next up today. Telstra has had a sizeable 16.88 million of its shares trade hands as it currently stands. We also got some news out of Telstra this morning that might help to explain this volume.

    The company has released some details of its legal restructuring, which will see Telstra Corporation become Telstra Group. The markets seem to have endorsed these moves, given the Telstra share price is now up a healthy 1.81% at $3.94 a share. It’s this news and meaningful share price jump that has probably resulted in Telstra’s elevated trading volumes.

    AVZ Minerals Ltd (ASX: AVZ)

    Lithium hopeful AVZ Minerals is our final and most traded share of the day thus far for the ASX 200 index. This Tuesday has seen a hefty 26.27 million AVZ shares fly around the markets at the time of writing.

    This one is a bit of a mystery. There hasn’t been any news out of AVZ today. And the company’s share price is currently up just 0.42% at $1.19. Saying that, we did see AVZ go as low as $1.16 a share soon after open, followed by a brief rally to $1.22 a share shortly after. Thus, it could be this volatility that has elicited so many AVZ shares to the markets today.

    The post These 3 ASX 200 shares are topping the volume charts this Tuesday 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 Sebastian Bowen owns 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 owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Uniti Group 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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  • Is the EML (ASX:EML) share price on the comeback trail?

    a man sits at his computer screen scrolling with his fingers with a satisfied smile on his face as though he is very content with the news he is receiving.a man sits at his computer screen scrolling with his fingers with a satisfied smile on his face as though he is very content with the news he is receiving.

    The EML Payments Ltd (ASX: EML) share price is heading north today and is now trading 2.34% higher at $2.84.

    It’s been a difficult year to date for the payments solutions company, having erased 12% since trading resumed in January.

    However, as ASX tech shares stage a comeback rally in March, EML has jumped on for the ride and is now 17% higher in that time.

    What’s up with the EML share price lately?

    As sentiment improves on the tech sector, EML has surged to be one of the top performers in the last two weeks.

    Market pundits were also quick to back the company again after its expansion into the employee benefits market (EBM) in Europe.

    The EBM is worth more than $88 billion globally and is expected to grow by $20 billion between 2021 and 2025, EML says. Europe represents around 35% of this market.

    In a recent note, analysts at UBS reckon the deal is a positive one for the payments company, valuing EML at $4.55 per share in the process.

    The move also hammered in Ord Minnett’s investment thesis on the company. The broker is also valuing EML at a shade over $4 per share.

    Ron Shamgar of TAMIM Asset Management — an owner of EML shares — also said the play was “a big win” for the payments solutions specialist.

    Meanwhile, the S&P/ASX All Technology Index (ASX: XTX) has rallied hard in March and is now up 6% in the past month. However, zooming out, it is still down more than 16% this year to date.

    EML has tracked the tech index closely and appears to be following suit with strengths in the wider sector.

    As a result of this and the recent update, it appears investors are throwing their support behind EML once again.

    TradingView Chart

    EML share price snapshot

    In the last 12 months, the EML share price has collapsed 42% and is down around 12% year to date.

    However, as investors pile into growth and tech again, shares have rallied 17% in the previous month of trade.

    The company has a market capitalisation of around $1 billion.

    The post Is the EML (ASX:EML) share price on the comeback trail? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in EML Payments right now?

    Before you consider EML Payments, 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 EML Payments 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. owns and has recommended EML Payments. The Motley Fool Australia owns and has recommended EML Payments. 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 Beach, Melbana, St Barbara, and Tietto shares are dropping

    5 arrows going down with a red background.

    5 arrows going down with a red background.

    The S&P/ASX 200 Index (ASX: XJO) is on form again and on track to record a solid gain. In afternoon trade, the benchmark index is up 0.75% to 7,468.8 points.

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

    Beach Energy Ltd (ASX: BPT)

    The Beach share price is down almost 2% to $1.61. This appears to have been driven by a pullback in oil prices overnight. Traders were selling down oil amid concerns over demand. This follows further lockdowns in China, with Shanghai the latest city to be brought to a standstill.

    Melbana Energy Ltd (ASX: MAY)

    The Melbana Energy share price has crashed 14% to 12.5 cents. Investors have been selling this energy company’s shares following the release of a drilling update at the Marti structure of its 30% owned Block 9 contract area. The update advises that at total depth there was some evidence of formation water returned with the oil during logging operations.

    St Barbara Ltd (ASX: SBM)

    The St Barbara share price has continued its slide and is down 2% to $1.44. This follows weakness in the gold price and a negative reaction to yesterday’s guidance update. In respect to the latter, St Barbara advised that FY 2022 production is expected to come in at 275-290koz with an AISC of $1,750-1,870 per ounce. This compares to its original (withdrawn) guidance of 305-355koz with an ASIC of $1,710 to $1,860 per ounce.

    Tietto Minerals Ltd (ASX: TIE)

    The Tietto Minerals share price has tumbled 13% to 51 cents. This morning the gold developer announced the successful completion of a A$130 million two-tranche placement to fully fund its 3.35Moz Abujar Gold Project construction with no debt. These funds were raised at a 14.5% discount of 50 cents per new share.

    The post Why Beach, Melbana, St Barbara, and Tietto shares are dropping 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 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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  • Do Endeavour (ASX:EDV) shares pay dividends?

    Man holding different Australian dollar notes.

    Man holding different Australian dollar notes.

    Endeavour Group Ltd (ASX: EDV) is one of the newer additions to the S&P/ASX 200 Index (ASX: XJO), and arguably a blue-chip share at that. Endeavour was spun out of Woolworths Group Ltd (ASX: WOW) last year. The new company houses Woolworths’ old liquor businesses. The most prominent of these are the Dan Murphy’s and BWS bottle shop chains. At the time of the spinoff, Woolworths shareholders all received one new Endeavour share for every Woolworths share owned. 

    Since Endeavour shares first hit the ASX under their own steam in June last year, investors have seen some healthy share price gains. Since its first day of trading, the Endeavour share price is now up more than 20%. That includes the healthy 1.25% the company has put on today at the time of writing, placing Endeavour shares at $7.28. 

    But since this company is in the consumer staples business, and a graduate of Woolworths no less, investors might have an expectation of dividend income from a company of this ilk. So let’s see how Endeavour stacks up in the dividend income department. 

    A deep dive into Endeavour’s dividends

    Endeavour is indeed an ASX dividend share. It wasted little time in funding its first dividend. This was a final payment worth 7 cents per share, fully franked. This was doled out on 22 September last year. 

    But Endeavour has actually just paid out its second dividend. This was an interim dividend of 12.5 cents per share, also fully franked. It was received by investors only yesterday. 

    So Endeavour has now paid out two dividend payments. That’s despite only being listed for less than a year. Those two payments, totalling 19.5 fully franked cents per share, give Endeavour a trailing dividend yield of 3.45% on current pricing. That grosses up to 4.93% with the full franking credits. 

    At the current Endeavour share price, this ASX 200 share has a market capitalisation of $12.86 billion. 

    The post Do Endeavour (ASX:EDV) shares pay dividends? appeared first on The Motley Fool Australia.

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

    Before you consider Endeavour, 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 Endeavour 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 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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  • Up 8% in a month, are Kogan (ASX:KGN) shares staging a comeback rally?

    a woman in a stylish living space stands leaning into her laptop computer with credit card in hand as though she is online shopping.a woman in a stylish living space stands leaning into her laptop computer with credit card in hand as though she is online shopping.

    The Kogan.com Ltd (ASX: KGN) share price is trading up more than 5% at $5.64, after hitting an intraday high of $5.76.

    Kogan shares have been punished hard in the last 12 months, trading around their 52-week lows last month.

    However, in the past month, Kogan has gained 7% and is now up another 4.3% in the previous week.

    What’s up with Kogan shares?

    Markets have staged a comeback in March as more clarity around inflation and interest rates has emerged.

    Not only that, but COVID-19 restrictions have all but wound back while financials and commodity shares prop up the broader market.

    However, amid the comeback, there’s been a rotation back to more growth-oriented shares like Kogan, even as the yields on long-dated bonds continue to spike.

    Typically, rising yields on long-dated bonds hurt the valuations of growth-type shares.

    However, investors have piled back into Kogan, bolstering its share price during the last two weeks of trade.

    Kogan has also tracked remarkably close to the S&P/ASX All Technology index (ASX: XTX) during the last three months. As the index has staged a comeback, so too has Kogan.

    TradingView Chart

    The sector itself has stumbled hard in 2022 but is starting to regain as nerves settle in equity markets.

    Aside from that, market pundits don’t appear to have any other reason to be bidding up the Kogan share price lately.

    Quick summary on the Kogan share price

    During the last 12 months, the Kogan shares price has collapsed 55% and is down another 35% this year to date.

    Despite recent gains, the company’s shares are well behind the performance of the broad market.

    The post Up 8% in a month, are Kogan (ASX:KGN) shares staging a comeback rally? appeared first on The Motley Fool Australia.

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

    Before you consider Kogan, 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 Kogan 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 Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Kogan.com ltd. The Motley Fool Australia owns and has recommended Kogan.com ltd. 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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  • Worried about how the federal budget might impact your ASX shares? Here’s what Goldman says

    A young couple sits at their kitchen table looking at documents with a laptop open in front of themA young couple sits at their kitchen table looking at documents with a laptop open in front of them

    Markets are rangebound today as the country gears up for the pre-election federal budget. The Treasurer is expected to run a deep deficit, and several areas of spending have been identified already.

    Themes of inflation, interest rates and cost of living are expected to roll throughout the delivery tonight, with undertones of fuel prices and wages growth.

    No pivot points tonight

    Goldman Sachs analyst Andrew Boak told Bloomberg Daybreak: Australia earlier that he expects no major policy shifts from tonight’s budget.

    “The government has some headroom to move because we’ve seen a much stronger than expected improvement in the labour market and higher commodity prices, so tax receipts will be stronger. The question is – what do they do with them?” he said.

    Whereas previously, the economic climate warranted a more conservative budget, current conditions are set to prevail, says Boak.

    Nevertheless, this shouldn’t materialise as a major shift in policy, he added, especially because things have improved ahead of expectations. Instead, the focus will be on cost of living, interest rates and wage growth.

    “This time around I think it’s a little bit different…we’re expecting a hat tip to cost of living pressures, a slew of small policies [like] fuel and excise concessions,” he remarked.

    “But ultimately we aren’t expecting any major new marco policies, and rather the windfall from that better than expected economic outcome to mostly be banked”.

    It is the labour market in which Boak says the government is likely to be proactive. Bloomberg reports that wages growth has slowed to below 2.5% in 2022, whereas jobs advertisements have soared to around 4%.

    What does this mean for ASX shares?

    With that kind of activity in the job market, it’s no wonder to see stocks like Seek Limited (ASX: SEK) climb 8% in the past month of trading, after trading as high as $31 in that time. When quizzed on his take on the Aussie labour market, the economist agreed that numbers are running high.

    Typically, that’s a key factor for inflation Boak notes, but there are key differences in Australia’s situation.

    Whilst the labour market is running hot, “wages growth is still quite subdued” Boak says, adding that Australia is in a very different situation to other nations like the US.

    “I Australia wages growth is a little over 2%, and we haven’t really had normal levels of wages growth in Australia for the best part of a decade,” he noted.

    “But because it’s more of a gradual adjustment…there’s not that urgency for the RBA to get rates higher in the same way that were’ seeing in the US and other parts of the world”.

    As a result, Boak says, the RBA is unlikely to rush into spiking rates. That’s a factor that is likely to impact ASX financials, like market leader National Australia Bank Ltd. (ASX: NAB).

    Infrastructure is also set to get a mention in the budget tonight, with the unveiling of approximately $18 billion in funding for new and existing infrastructure projects.

    Goldman is expecting infrastructure to be a key theme in tonight’s release. With that in mind, earlier analysis conducted by Bloomberg said that investors should pay close attention to materials shares such as Boral Limited (ASX: BLD) and others in the sector.

    Net-net, we’ll have to wait and see what is revealed in the numbers later tonight to see who the main beneficiaries could be.

    The post Worried about how the federal budget might impact your ASX shares? Here’s what Goldman says 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 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 recommended SEEK 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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  • Why is the Beach Energy (ASX:BPT) share price all at sea today?

    Businessman sits on an armchair adrift at sea.Businessman sits on an armchair adrift at sea.

    The Beach Energy Ltd (ASX: BPT) share price is descending today amid a tough day for ASX energy shares.

    The company’s shares are currently swapping hands at $1.61, a 1.83% fall. In comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.89% today.

    Let’s take a look at what might be impacting Beach Energy shares.

    Energy shares suffering

    The Beach Energy share price may be down, but it is not the only ASX energy share to fall. The S&P/ASX 200 Energy Index (ASX: XEJ) is sliding 0.49%. Santos Ltd (ASX: STO) shares are down 0.57%, while the Woodside Petroleum Limited (ASX: WPL) share price is slipping 0.84%.

    The Brent crude oil price has slipped 1.68% to US$110.59 a barrel, while the WTI crude oil price is down 1.39% to US$104.49 a barrel, according to Bloomberg.

    In other news out of Beach Energy today, it was announced the Adelaide-based company will offload its 15% interest in the Cooper Basin petroleum retention licence (PRL) 211 to a joint venture.

    Vintage Energy Ltd (ASX: VEN), Metgasco Limited (ASX: MEL), and Bridgeport (Cooper Basin) Pty Ltd will acquire this stake subject to ministerial approval. Vintage will acquire half of Beach’s interest, while Bridgeport and Metgasco will take a quarter each.

    This petroleum licence includes the Odin gas field, which was discovered and flow tested in 2021.

    Odin is a “promising discovery” with bright prospects for development to supply gas to the east coast domestic gas market, according to Vintage managing director Neil Gibbins.

    The payment terms of the deal are linked to production at Odin.

    Beach Energy share price snapshot

    The Beach Energy share price has descended nearly 9% in the past 12 months but is exploding 27% year to date. For comparison, the  S&P/ASX 200 Index (ASX: XJO) has returned nearly 10% over the past year.

    In the past month alone, Beach Energy shares have jumped 7%, while they have climbed 2% in a week.

    Beach Energy has a market capitalisation of about $3.7 billion based on the current share price.

    The post Why is the Beach Energy (ASX:BPT) share price all at sea today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Beach Energy right now?

    Before you consider Beach Energy , 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 Beach Energy 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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  • Why Block, Lake Resources, Nearmap, and Telix shares are racing higher

    In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.7% to 7,467.2 points.

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

    Block Inc (ASX: SQ2)

    The Block share price is up almost 7% to $183.05. Investors have been buying this payments company’s shares following a strong night for its NYSE listed shares on Monday. This follows a positive night of trade in the tech sector, which has rubbed off on the local tech sector today. So much so, the S&P ASX All Technology index is up 2.4%.

    Lake Resources N.L. (ASX: LKE)

    The Lake Resources share price has jumped 17% to $1.97. This morning the lithium developer announced a non-binding offtake agreement with Japan’s Hanwa Co. According to the release, Hanwa has signed up for 15,000 to 25,000 tonnes per annum of lithium carbonate for 10 years from its Kachi Project in Argentina. The top end of the range represents half of its planned production.

    Nearmap Ltd (ASX: NEA)

    The Nearmap share price is up 13% to $1.47. Investors have been buying this aerial imagery and location data company’s shares after it provided an update on its annual contract value (ACV). According to the release, Nearmap has achieved $150 million in ACV following a major US government contract win. This means the company has already hit the low end of its FY 2022 guidance range.

    Telix Pharmaceuticals Ltd (ASX: TLX)

    The Telix share price is up 6% to $4.41. This follows the release of two positive announcements out of the radiopharmaceutical company this morning. The first announcement revealed that it has signed an exclusive distribution agreement with Xiel for its Illuccix product in the UK and Ireland. The second announcement advised that its bone marrow conditioning treatment, TLX66, has received Orphan Drug Designation status from the US FDA.

    The post Why Block, Lake Resources, Nearmap, and Telix shares are racing higher appeared first on The Motley Fool Australia.

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

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

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

    *Returns as of January 12th 2022

    More reading

    Motley Fool contributor James Mickleboro owns TELIXPHARM DEF SET. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Block, Inc. and Nearmap Ltd. The Motley Fool Australia owns and has recommended Block, Inc. and Nearmap Ltd. 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 Polynovo (ASX:PNV) share price higher today?

    A male doctor wearing a white doctor's coat shrugs and holds his hands up to indicate the unimpressive CSL share price as a result of OOVID-19A male doctor wearing a white doctor's coat shrugs and holds his hands up to indicate the unimpressive CSL share price as a result of OOVID-19

    The Polynovo Ltd (ASX: PNV) share price is racing higher despite no new announcements from the company today.

    At the time of writing, the medical device company’s shares are exchanging hands for $1.14 apiece, up 7.55%. Earlier today, the company’s share price reached an intraday high of $1.165.

    Polynovo shares stage a comeback

    After hitting a multi-year low of 83.5 cents earlier this month, it appears the Polynovo share price has finally bottomed out. This is after a long and arduous 12-month journey in which its shares continually treaded downwards.

    Nonetheless, a possible reason behind the recent uptick could be related to the S&P/ASX 200 Healthcare (ASX: XHJ) sector.

    Currently, the index has risen 1.67% to 40,017.6 points during early afternoon trade, recording its best day in two weeks.

    In addition, a couple of brokers have rated Polynovo shares with varying price points in late February.

    The team at Macquarie cut its 12-month price target for Polynovo shares by 44% to $1.60 apiece. This implies a potential upside of 29% from where the company’s shares are trading today.

    Furthermore, analysts at Wilsons dropped their outlook on Polynovo shares by 22% to $1.11 each. It appears the broker is on the mark as to where the medical company’s shares are valued.

    Polynovo share price summary

    When looking year to date, the Polynovo share price has lost almost 25% in value for shareholders.

    However, over the past 12 months, its losses have magnified to around 60%.

    Based on today’s price, Polynovo presides a market capitalisation of about $751 million.

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

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

    Before you consider Polynovo, 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 Polynovo 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. owns and has recommended POLYNOVO FPO. 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 Bruce Jackson.

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  • Why is the Appen (ASX:APX) share price surging 6% higher today?

    A group of business people face the camera clapping.A group of business people face the camera clapping.

    The Appen Ltd (ASX: APX) share price is taking off on Tuesday.

    Its movements come despite no word having been released by the company. In fact, the last time the market heard price-sensitive news from the provider of data for artificial intelligence was back in early March.

    Still, the Appen share price is currently soaring 5.79% today at $7.12. For context, the S&P/ASX 200 Index (ASX: XJO) is currently up 0.7%.

    So, what might be bolstering the ASX 200 tech company’s stock on Tuesday? Let’s take a look.

    What’s driving the Appen share price higher today?

    Appen’s stock is climbing on Tuesday as the tech sector enjoys a needed day in the sun.

    After slipping 3.8% between Wednesday’s close and Monday’s close, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is back in the green.

    It’s currently up 3% on Tuesday. Its gains could be buoying the Appen share price to be one of its biggest movers.

    The company’s Tuesday performance is being bested only by the share price of Block Inc (ASX: SQ2). It has gained 6.6% at the time of writing.

    Meanwhile, Tyro Payments Ltd (ASX: TYR) is the third best performing ASX 200 tech share, gaining 5.23%.

    The broader tech market is also doing well on Tuesday, with the S&P/ASX All Technology Index (ASX: XTX) roaring 2.35% higher.

    Today’s gains see the Appen share price back in the green over the past month, sporting a 2.4% gain for the period.  

    However, the company’s stock is still 35% lower than it was at the start of 2022. It has also fallen 57% since this time last year.

    The post Why is the Appen (ASX:APX) share price surging 6% higher today? appeared first on The Motley Fool Australia.

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

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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. owns and has recommended Appen Ltd, Block, Inc., and Tyro Payments. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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