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It hasn’t been a great start to the year for growth shares. A number of high flying shares have had their wings singed like Icarus in 2022.

But while that is disappointing, it could also be a buying opportunity for investors. Here’s what analysts are saying about these growth shares:

Life360 Inc (ASX: 360)

The first ASX share to look at is Life360. It is a location-based services provider based in San Francisco, United States with 33 million+ monthly active users. Its shares have lost approximately half of their value since the start of the year.

The team at Bell Potter believe this is a buying opportunity and remain very positive on its long term outlook. So much so, the broker has a buy rating and $10.00 price target on its shares. This is just over double where its shares trade at today.

Bell Potter commented: “Life360 had already pre released most of the key metrics in the 2021 result which were all very strong. These included subscription revenue growth of 48%, total revenue growth of 40%, paying circles growth of 38% and, by our estimation, average revenue per paying circle (ARPPC) growth of 20%. The company ended the year with a cash c.US$94m after adjusting for the Tile acquisition and the only debt is convertible notes of c.US$8m.”

“We have updated each valuation used in the determination of our price target for the forecast changes as well as market movements and time creep. We have also removed the premium in EV/Revenue valuation and increased the WACC in the DCF from 8.4% to 8.7% due to the uncertainty around any impact on Tile and also the potential US listing and any associated raising. The net result is a 26% decrease in our PT to $10.00 which is still a large premium to the share price so we keep the BUY.”

Nitro Software Ltd (ASX: NTO)

Another ASX share to look at is Nitro Software. It is a software company that is aiming to drive digital transformation in organisations around the world. Its key solution is the Nitro Productivity Suite, which provides integrated PDF productivity and electronic signature tools to customers.

Goldman Sachs is very positive on the company and notes that it has a huge total addressable market to grow into in the future. The broker currently has a buy rating and $2.60 price target on its shares. This is almost double the latest Nitro share price of $1.36.

Its analysts commented: “Nitro Software is a global enterprise software challenger in a US$34bn TAM across PDF, e-signing and workflows. Nitro operates in large, underpenetrated markets supported by structural growth tailwinds including remote work, enterprise digitisation and e-signing adoption.”

“We estimate Nitro can increase its TAM penetration from 0.15% to 1.4% by FY40 implying 9x uplift to Nitro’s current revenue base. In our view, this is achievable given (1) Nitro’s core competitive advantages in price, ease-of-use and customer service; (2) strong underlying market growth; and (3) large market opportunity supporting Nitro’s growth in addition to established incumbents.”

The post Analysts see almost 100% upside for these ASX shares appeared first on The Motley Fool Australia.

More reading

• Goldman says the tech selloff has made Xero (ASX:XRO) shares a buy
• 2 small cap ASX shares that are highly rated by brokers
• Why Adbri, Appen, Block, and Life360 shares are storming higher
• Back on the horse! ASX tech shares stage stunning comeback following sell-off
• Why is the Life360 (ASX:360) share price jumping 17% today?

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has recommended Nitro Software 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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Are you looking for some exchange traded funds (ETFs) to add to your portfolio this month? If you are, it could be worth taking a closer look at the three ETFs listed below.

Here’s what you need to know about these ETFs right now:

BetaShares Global Energy Companies ETF (ASX: FUEL)

The first ETF to look at is the BetaShares Global Energy Companies ETF. This ETF provides investors with easy access to energy companies that are larger, more geographically diversified, and more vertically integrated than Australian-listed energy companies. Among its holdings are energy giants including BP, Chevron, ExxonMobil, and Royal Dutch Shell. These companies look well-placed to benefit from sky high energy prices.

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

Another ETF for investors to look at is the ETFS Battery Tech & Lithium ETF. Especially after it tumbled to a 52-week low on Friday. This ETF offers investors with exposure to providers of electrochemical storage technology and battery materials/lithium miners. Given how demand for battery materials is rising fast and outpacing supply, the companies included in the fund appear well-placed for growth. Among its holdings you’ll find AMG Advanced Metallurgical Group, Lockheed Martin, and Pilbara Minerals Ltd (ASX: PLS).

VanEck Vectors Australian Banks ETF (ASX: MVB)

A final ETF for investors to look at is the VanEck Vectors Australian Banks ETF. It could be a good option for investors that are wanting exposure to the banking sector but aren’t sure which of the banks to buy. This is because this ETF allows you to own a slice of all the big four banks, the regionals, and also investment bank Macquarie Group Ltd (ASX: MQG) through a single investment. Another positive with this ETF is that it offers an attractive yield. Its 12-month distribution yield currently stands at 5.2%.

The post Here are 3 top ETFs for ASX investors to watch appeared first on The Motley Fool Australia.

More reading

• 3 ASX ETFs hitting 52-week lows on Friday
• 3 excellent ETFs for ASX investors to look at in March
• 2 top ETFs for ASX investors to watch
• 2 more ETFs ASX investors need to know
• Why has the ETFS Battery Tech & Lithium ETF (ASX:ACDC) been on a highway to hell the past month?

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 BetaShares Global Energy Companies ETF – Currency Hedged. 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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The Brickworks Limited (ASX: BKW) share price has lots of potential to grow according to the broker Ord Minnett.

Brickworks is one of the older businesses on the ASX. It has operated as one of Australia’s biggest brick manufacturers for decades, and now it is a diverse business.

There are three segments to the business. It has its building products division, ‘investments’ and an industrial property trust.

Building products

Brickworks has operations in both Australia and the US.

In Australia, it is the leading brickmaker with a number of brands such as Austral Bricks. It also makes several other building products including masonry, paving, roofing, precast and so on.

The ASX share did a few acquisitions in the US. It is now the largest brickmaker in the north east of the US. Brickworks has been working on making that segment more efficient to increase profit margins.

Investments

Brickworks has had a cross-holding arrangement with the investment conglomerate Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) for decades. It helped stop corporate raiders.

For decades, Soul Pattinson has helped provide stability and reliable earnings to help offset the cyclicality of the building products division. The growing Soul Pattinson share price has helped the underlying value of the Brickworks share price.

The investment conglomerate has a diverse portfolio with many different businesses including TPG Telecom Ltd (ASX: TPG), Brickworks, New Hope Corporation Limited (ASX: NHC), Pengana Capital Group Ltd (ASX: PCG), agriculture and swimming schools.

Industrial property trust

Ord Minnett recognises that the joint venture with Goodman Group (ASX: GMG) is adding a lot of value for the Brickworks share price.

This trust is where Brickworks sells excess land into the trust for the joint venture to then build high-quality industrial properties on that land. There are some massive buildings going up for both Amazon and Coles Group Ltd (ASX: COL). Another sizeable warehouse is also being built for Woolworths Group Ltd (ASX: WOW).

The Amazon building was due for practical completion at the end of December. This, together with other projects at Oakdale South, will result in significant development profits.

Brickworks says the trust is seeing strong demand and sustained growth in the value of its property trust. COVID-19 has accelerated industry trends towards online shopping and increased the importance of well-located distribution hubs and sophisticated supply chain solutions.

Thanks to the demand, it’s expecting to report record property earnings in the first half of FY22 with property earnings before interest and tax (EBIT) expected to be between $290 million to $310 million.

Brickworks recently released 75 hectares of land at Oakdale East which will extend the development pipeline in the trust.

Brickworks share price target

Ord Minnett has a price target of $26.20 on the business, suggesting a potential upside of more than 20%.

The post Here’s why the Brickworks (ASX:BKW) share price has loads of growth potential: expert appeared first on The Motley Fool Australia.

More reading

• While everyone was focused on growth shares, these ASX value shares have been quietly but significantly gaining over the last 10 years
• 2 ASX dividend shares giving investors steady payrises

Motley Fool contributor Tristan Harrison owns Washington H. Soul Pattinson and Company Limited. 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, COLESGROUP DEF SET, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended TPG Telecom 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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Unfortunately, it was another week to forget for the Zip Co Ltd (ASX: Z1P) share price and shareholders.

Last week the buy now pay later (BNPL) provider’s shares were the worst performers on the ASX 200 index with a 22.2% decline.

This means the Zip share price is now down 60% since the start of the year and 82% over the last 12 months. It also reduces the Zip market capitalisation down to approximately $1.15 billion.

What happened to the Zip share price?

Investors were selling down the Zip share price last week following the completion of a ~$150 million institutional placement and in response to its plan to acquire BNPL rival Sezzle Inc (ASX: SZL).

In respect to the former, Zip raised the funds at a sizeable 14% discount of $1.90 per new share. Though, even at that level of discount, institutional investors are still under water, with the Zip share price ending the week at $1.72.

As for the latter, the market didn’t react too positively to the proposed all-scrip acquisition of Sezzle Inc (ASX: SZL).

For example, in response to the news, the team at UBS downgraded the company’s shares to a sell rating and cut the price target on them by a massive 80% to a lowly $1.00.

Were the Zip share price to fall to $1.00, it would be the lowest level it has traded at since 2018.

Elsewhere, Macquarie believes Zip might have overpaid for Sezzle and Citi suggested some of the synergy targets could be a little too optimistic.

Glimmer of hope

It is worth pointing out that not everyone is bearish on the acquisition or the Zip share price.

Analysts at Morgans believe the deal makes strategic sense. And while the broker has slashed its price target down to $3.94, this is still more double where its shares currently trade.

Morgans commented: “Clearly, the Sezzle deal makes strategic sense for Z1P. The deal increases both Z1P’s global transaction levels (currently A$7.9bn) and customer base (currently 9.9m) by around ~30-35% respectively. It gives Z1P a materially stronger position in the key US market, with Z1P/Sezzle customer overlap being relatively contained (25%). A stronger product mix and enhance distribution channel mix are other benefits.”

“Clearly the global environment has changed for BNPL operators and for investors it’s now not a space for the faint hearted. We do, however, think the global growth opportunity remains large for companies that can execute in the BNPL space. The scale provided by the acquisition of Sezzle and a more considered growth agenda, could see Z1P be one of those winners, and with Z1P now trading on 2x revenue, we maintain our ADD recommendation,” it concludes.

Time will tell which analysts make the right call.

The post What on earth happened to the Zip (ASX:Z1P) share price last week?! appeared first on The Motley Fool Australia.

More reading

• 5 ASX shares making big news this week
• These were the worst performing ASX 200 shares last week
• Why did the Block (ASX:SQ2) share price sink 9% today?
• Why Magellan, Nick Scali, Qantas, and Zip shares are tumbling today
• 5 ASX 200 shares slumping to 52-week lows on Friday

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 ZIPCOLTD FPO. 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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If you’re wanting to boost your income with some dividend shares next week, then you might want to consider the ones listed below.

Here’s what you need to know about these dividend shares:

Adairs Ltd (ASX: ADH)

The first ASX dividend share for investors to look at this week is leading furniture and homewares retailer, Adairs.

Although FY 2022 has been very disappointing due to COVID-19 impacts, this weakness is only expected to be temporary. In light of this, the team at Morgans believe the recent selloff of its shares could be a buying opportunity for patient income investors. Particularly given its new national distribution centre (NDC).

It said: “In FY23, we expect Focus to have bedded down and to have started a strategy of improving store economics while expanding its footprint. We expect the NDC to be up and running and delivering efficiencies. We expect Mocka to be making its first steps towards an omni-channel strategy. These factors underpin an expectation of positive earnings growth in FY23 and FY24, which we do not think are reflected in the multiple. ADD.”

Morgans has an add rating and $3.50 price target on its shares. As for dividends, its is forecasting fully franked dividends of 19 cents per share in FY 2022 and 26 cents per share in FY 2023.

Based on the current Adairs share price of $2.90, this will mean yields of 6.55% and 8.2%, respectively, over the next couple of years.

Elders Ltd (ASX: ELD)

Another ASX dividend share for investors to look at this agribusiness company. Elders provides livestock, real estate, feed and processing, wool agency services, financial planning, and grain marketing services to rural and regional customers.

After a difficult period, Elders has recently returned to form thanks to the success of its transformation plan and acquisitions.

The good news is that Goldman Sachs expects this positive form to continue. This is due to the rationalisation of the rural services industry, margin expansion through backward integration, and the benefits of its large scale systems modernisation project.

Goldman currently has a conviction buy rating and $15.65 price target on its shares. In addition, the broker is forecasting fully franked dividends of 40 cents per share in FY 2022 and 42 cents per share in FY 2023. Based on the current Elders share price of $12.02, this will mean yields of 3.3% and 3.5%, respectively, over the next two years.

The post 2 ASX dividend with attractive yields that brokers rate as buys appeared first on The Motley Fool Australia.

More reading

• What’s the outlook for ASX retail shares like Kogan (ASX:KGN)?
• 3 ASX shares that could get a slice of a record $81bn farm output this year
• 2 compelling ASX shares that could be buys in March 2022
• Own ASX dividend shares? Here are some of the payouts that have surprised so far this earnings season
• ‘Significant’ COVID-19-related disruptions: Adairs (ASX:ADH) share price sinks 5% following horror first-half results

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 ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Elders 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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The iShares S&P 500 ETF (ASX: IVV) is one of the largest exchange-traded funds (ETFs) on the ASX.

This investment is provided by Blackrock. It gives investors a number of useful benefits, which could make it worthwhile considering.

Very low fees

The IVV ETF has one of the lowest management fees of any investment product on the ASX.

Its annual management fee is just 0.04%, which is almost nothing. Plenty of active investment managers charge a fee of 1%, or even higher.

Every year, a management fee reduces an investment balance. So, the lower the better. It keeps more of the investment money in the investor’s hands, which is better for long-term net returns.

Diversification

As the name of this ETF may suggest, it has a total of 500 holdings.

That means it has 300 more holdings than the S&P/ASX 200 Index (ASX: XJO), offering plenty of diversification.

But it’s not just the number of shares that helps the investment, but the shares it holds are also worth knowing about.

Whilst resources and financials are the biggest sectors on the ASX, in the S&P 500 it is the following four industries that have double-digit exposures: IT (27.76%), healthcare (13.55%), consumer discretionary (11.61%) and financials (11.39%).

The technology businesses get the biggest allocation in the S&P 500 ETF portfolio. They are some of the biggest companies in the world.

This ETF gives ASX investors sizeable exposure to these businesses: Apple (6.99%), Microsoft (5.99%), Amazon (3.48%), Alphabet (4.2%), Tesla (1.84%), Berkshire Hathaway (1.62%), Nvidia (1.6%) and Meta Platforms (1.3%).

Of course, there are dozens of other names in there that you may have heard of such as Johnson & Johnson, Procter & Gamble, Visa, Home Depot, Mastercard, Pfizer, Walt Disney, Coca Cola, Costco, Adobe, Salesforce, Walmart and McDonalds.

There are plenty of national, or global, leaders in the portfolio.

Returns

Past performance is not a reliable indicator of future results.

However, the IVV ETF has done well for investors as many of the leading businesses grow profits and introduced new products to increase the long-term growth potential further.

Over the past five years the iShares S&P 500 ETF has delivered an average return per annum of 16.2%, showing the strength of the underlying businesses.

But who knows what the next few years are going to look like? But for the long-term, this ETF has pleasing attributes and investments.

The post 3 strengths of the iShares S&P 500 ETF (ASX:IVV) appeared first on The Motley Fool Australia.

More reading

• Think VAS is the best ASX index fund? These ETFs have beaten it over the past decade…

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended iShares Trust – iShares Core S&P 500 ETF. 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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The S&P/ASX 200 Index (ASX: XJO) had a better week and recovered some of the previous week’s large losses. The benchmark index clawed back 1.6% over the period to end it at 7,110.8 points.

While a good number of shares climbed higher with the market, some rose more than most. Here’s why these were the best performing ASX 200 shares last week:

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price was the best performer on the ASX 200 last week with a 25.1% gain. Investors were scrambling to buy the coal miner’s shares after coal prices surged to record highs. Demand for coal jumped materially after European countries sought alternatives to reduce their exposure to Russian natural gas.

Woodside Petroleum Limited (ASX: WPL)

The Woodside share price was a strong performer and stormed 12.4% higher over the five days. Investors were bidding the energy producer’s shares higher after the Russia-Ukraine crisis sparked fears of supply constraints in an already tight market. Late in the week, oil prices climbed beyond US$100 a barrel to their highest levels since 2008.

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price wasn’t far behind with a gain of 12.2% last week. This appears to have been driven by rising rare earth prices and the release of a bullish broker note out of Macquarie on Monday. According to the note, the broker has retained its outperform rating and lifted its price target to $12.60. The Lynas share price ended the week at $10.74.

South32 Ltd (ASX: S32)

The South32 share price was on form and charged 11.9% higher over the period. Once again, this appears to have been driven by rising commodity prices. The aluminium price charged higher last week along with a number of other commodities that South32 has exposure to. In addition, last week Goldman Sachs retained its conviction buy rating and lifted its price target to $5.60. The South32 share price ended the week at $5.17.

The post These were the best performing ASX 200 shares last week appeared first on The Motley Fool Australia.

More reading

• 5 ASX shares making big news this week
• These were the worst performing ASX 200 shares last week
• Here are the top 10 ASX shares today
• Playing limbo… Magellan (ASX:MFG) share price hits 7-year low
• 2 ASX 200 shares cracking new 52-week highs today

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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A message from our CIO, Scott Phillips:

“G’day Fools. If you’re like us, you’re dismayed by the events taking place in Ukraine. It is an unnecessary humanitarian tragedy. Times like these remind us that money is important, but other things are far more valuable. And yet the financial markets remain open, shares are trading, and our readers and members are looking to us for guidance. So we’ll do our best to continue to serve you, while also hoping for a swift and peaceful end to war in Ukraine.”

---

It was another busy week of ASX news this week. Whilst the Russian invasion of Ukraine continues to make headlines, there were also some major ASX movements that had nothing to do with the conflict.

Here’s the lowdown on the headline-makers:

Zip Co Ltd (ASX: Z1P)

The Zip share price fell more than 20% over the week.

It was a busy week for the business. Not only did it announce its FY22 half-year result, but it also announced that it was going to try to take over buy now, pay later rival Sezzle Inc (ASX: SZL) for a price of 0.98 Zip shares for each Sezzle share. At the time of the offer, that represented an offer of $491 million for the whole business.

Zip also carried out a $148.7 million capital raising from institutions.

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price jumped 25% this week.

The ASX share announced that it had executed a legally binding term sheet to supply Tesla with lithium from its Finniss lithium project. It will supply up to 110kt of spodumene concentrate to Tesla over four years, with pricing referenced to the market price. Tesla will also support Core with the planned development of lithium chemical processing capacity.

Whitehaven Coal Ltd (ASX: WHC)

Whitehaven Coal is one of the largest coal miners in Australia. The Whitehaven share price surged around 25% higher over the week.

Coal prices have surged 40% to US$440 per tonne amid the fallout from Russia’s invasion of Ukraine, the sanctions and European countries like Germany looking for other energy sources.

Grange Resources Limited (ASX: GRR)

The Grange Resources share price has gone up almost 50% this week. It released its full-year result after the market had closed on Friday, so this week was the first time the market was able to react.

It reported that profit after tax grew to $321.6 million, up from $203.2 million last year. The company said the average realised product price for the iron business was $276.17 per tonne, up from $196.77.

Paladin Energy Ltd (ASX: PDN)

The Paladin Energy share price only ended the week down 4.5%, but on Friday it fell by 14.5%.

As covered by my other Motley Fool colleagues, the drop may have been caused by a Russian attack on the Zaporizhzhia nuclear power plant in Ukraine and the plant “caught fire”. The Ukrainian President Volodymyr Zelensky said this could turn into a “catastrophe” and may have led to damage that was the size of six Chernobyls and would lead to “the end of Europe”

However, the fire has thankfully been extinguished, according to Reuters.

The post 5 ASX shares making big news this week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Why did the Block (ASX:SQ2) share price sink 9% today?
• 2 ASX 200 shares cracking new 52-week highs today
• These 3 ASX 200 shares are topping the volume charts on Friday
• Why is the Paladin Energy (ASX:PDN) share price crashing 14% today?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. 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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A message from our CIO, Scott Phillips:

“G’day Fools. If you’re like us, you’re dismayed by the events taking place in Ukraine. It is an unnecessary humanitarian tragedy. Times like these remind us that money is important, but other things are far more valuable. And yet the financial markets remain open, shares are trading, and our readers and members are looking to us for guidance. So we’ll do our best to continue to serve you, while also hoping for a swift and peaceful end to war in Ukraine.”

————

COVID-19, inflation, rising interest rates, plummeting indices, and now war in Europe.

2022 is off to an awful start not just for ASX shares, but for humanity generally.

It can be hard to summon optimism in times like this. 

If you’re looking for stocks to buy at the moment, many businesses will decline to give a forecast or will reserve their judgement about how the world pans out.

But according to Prime Value portfolio manager Shih Thin Wong, there are some companies out there that will keep doing their thing — regardless of what’s happening outside its walls.

“I can’t predict when the Ukraine-Russian crisis will end — whether it has a fat tail or a number of scenarios,” he told Switzer TV Investing.

“I want to be comfortable owning companies which I think will give me earnings profile growth regardless of the macro environment.”

Bus contracts that get paid regardless of patronage

One Australian business that fits the bill, according to Wong, is Kelsian Group Ltd (ASX: KLS).

What he particularly likes about the company formerly named Sealink is its resilient contracts with local government clients.

“Those services are not dependent on passengers,” Wong said.

“Whether you’ve got one passenger or 30 passengers alighting onto the bus, Kelsian still gets paid — because they’re paid to provide essential services to the community.”

They’re also the types of contracts that will endure different parts of the economic cycle.

The other attraction for potential buyers of Kelsian shares is that Wong reckons it has been oversold in this year’s correction.

The stock has fallen more than 4% so far in 2022, but the loss is close to 30% from its August peak.

“We look at the share price, it’s probably been sold down for the last 6 months,” he said.

“But fundamentally, as a bus business, it’s really solid.”

Kelsian shares closed Friday at $7.12.

Despite the heavy losses in the second half, the stock still rated among the top 5 best ASX 200 travel shares of 2021.

The post The ASX share that’s not worried about what’s happening in the world appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• Own Rio Tinto (ASX:RIO) shares? Here’s why the miner is ‘closely monitoring’ the Ukraine situation’
• 3 promising small cap ASX shares to watch
• Here are the top 10 ASX shares today
• Why is the iron ore price hitting 6-month highs?

Motley Fool contributor Tony Yoo 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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The S&P/ASX 200 Index (ASX: XJO) was on form last week and bounced back from the previous week’s selloff. The benchmark index rose 1.6% over the five days to end the period at 7,110.8 points.

Unfortunately, not all shares were able to climb higher with the market. Here’s why these were the worst performing ASX 200 shares last week:

Zip Co Ltd (ASX: Z1P)

The Zip share price was far and away the worst performer on the ASX 200 last week with a 22.2% decline. This buy now pay later provider’s shares came under pressure for a number of reasons. This includes the completion of a ~$150 million institutional placement at a 14% discount of $1.90 per new share. In addition, the market gave its decision to acquire rival Sezzle Inc (ASX: SZL) a lukewarm response, while analysts at UBS downgraded the company’s shares to a sell rating and cut the price target on them by 80% to a lowly $1.00.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price was under pressure again last week and dropped 12.9%. Last week the team at UBS responded to Magellan’s latest funds under management (FUM) update by retaining its sell rating and cutting its price target to $15.40. UBS has concerns over its falling FUM, which it fears won’t be helped by its flagship Global Fund being downgraded by a ratings agency.

Unibail-Rodamco-Westfield (ASX: URW)

The Unibail-Rodamco-Westfield share price wasn’t far behind with a 10.4% decline. On Monday this shopping centre giant revealed that a member of its Supervisory Board had sold ~580,000 euros worth of shares via an on-market trade. In other news, after the market close on Friday, it was announced that Unibail-Rodamco-Westfield would be dumped out of the ASX 200 at the next rebalance. It is possible that some fund managers were anticipating this and sold their shares ahead of the rebalance announcement.

Platinum Asset Management Ltd (ASX: PTM)

The Platinum share price was a poor performer and tumbled 9.2% over the five days. This was despite there being no news out of the fund manager. However, it is worth noting that its shares traded ex-dividend last week. In addition, at the end of the previous week, analysts at Macquarie retained their underperform rating and slashed their price target by 18%.

The post These were the worst performing ASX 200 shares last week appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ZIPCOLTD FPO. 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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