Tag: Motley Fool

The tech sector is home to a number of companies growing at a rapid rate.

Three that have been standout performers recently are listed below. Here’s what you need to know about these growing tech shares:

Adore Beauty Group Limited (ASX: ABY)

The first tech share to consider is Australia’s leading online beauty retailer. Adore Beauty has been growing strongly over the last few years and continued this positive form in FY 2021. It delivered a 48% increase in revenue to $179.3 million and a 53% jump in EBITDA to $7.6 million. Driving this strong growth was an increase in repeat sales and a 39% lift in active customers to 818,000. The good news is that this is still a small slice of a beauty and personal care (BPC) market worth $11.2 billion and expected to grow at a 26% CAGR through to 2024.

UBS is a fan of the company. It currently has a buy rating and $6.00 price target on the company’s shares.

Bigtincan Holdings Ltd (ASX: BTH)

Another tech share to look at is Bigtincan. It is a fast-growing sales enablement platform provider. It was also on form in FY 2021, delivering a 48% increase in annualised recurring revenue (ARR) to $53.1 million. Pleasingly, management expects more of the same in FY 2022. Its has provided ARR guidance of $119 million. This is expected to be driven by organic growth and the benefits of the acquisition of Brainshark. It is an industry-recognised and multi-awarded leader in its field of sales coaching, learning and readiness.

Morgan Stanley is very positive on the company. It has an overweight rating and $2.10 price target on its shares.

Xero Limited (ASX: XRO)

A final ASX tech share that is rated as a buy is Xero. It is a provider of a cloud-based business and accounting solution to small and medium sized businesses. As with the others, it has been growing strongly over the last few years. This has been underpinned by the shift to the cloud, acquisitions, and its international expansion. These same factors look set to drive further growth in the years to come. In addition, Xero’s growth should be supported by its burgeoning app ecosystem. The company recently introduced its App Store in the ANZ and UK markets, allowing it to earn royalties on third party apps that its subscribers use.

Goldman Sachs believes Xero has the potential to deliver strong revenue growth over multiple decades. For this reason, it has a buy rating and $165.00 price target on its shares.

The post 3 rapidly growing ASX tech shares to buy appeared first on The Motley Fool Australia.

More reading

• 2 very high quality ASX shares to own
• Here’s why the Bigtincan share price has soared 50% higher in the past 6 months
• Is the Xero (ASX:XRO) share price heading down to $130?
• Why Adore Beauty, ALE Property, Ausnet, & Zoom2u shares are charging higher
• 2 exciting small cap shares tipped as buys

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 shares of and has recommended BIGTINCAN FPO and Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO 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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The Altium Limited (ASX: ALU) share price is shooting the moon this month despite the company not releasing any price-sensitive news to the market.

Shares in the software company ended August on a low note when their value plunged off the back of its FY21 earnings results. But since the start of September, the Altium share price has rocketed 20.3% higher.

At the time of writing, Altium shares are trading at $35.96, 0.25% lower than their previous close.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen 2.6% in September so far.

However, it’s worth noting the S&P/ASX All Technology Index (ASX: XTX) has outperformed the ASX 200 this month. It has gained 0.9% over the course of September.

Let’s take a look at what’s been boosting Altium’s shares higher in September.

What’s driving Altium’s stock in September?

The Altium share price is having a grand time on the ASX this month despite the company maintaining its silence.

In fact, the last time the market heard price-sensitive news from Altium was on 30 August when it released its earnings for FY21.

Within them, Altium reported its revenue increased by 1% over FY21 compared to that of FY20. The company’s net profit after tax also increased by 80% compared to that of the prior corresponding period.

However, its earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 3%.

In the aftermath of the company’s financial year results, the value of Altium’s stock fell 14% and only ever so slightly recovered before the month ended.

Since then, the only news the market has heard from Altium was in the form of its audited non-price sensitive annual report.

It could be that the company’s recent share price gains are down to a simple market correction.

Altium share price snapshot

September’s gains have boosted the Altium share price back into the green on the ASX.

Right now, the company’s share price is 4% higher than it was at the start of 2021. It has also gained 3% since this time last year.

The post The Altium (ASX:ALU) share price is up 20% in September appeared first on The Motley Fool Australia.

More reading

• 3 fantastic ASX shares for buy and hold investors
• These were the best performing ASX 200 (ASX:XJO) shares last week
• Why the Altium (ASX:ALU) share price is up 20% in September
• These ASX tech shares have been tipped as buys by analysts
• Here are the top 10 ASX shares today

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 shares of and has recommended Altium. The Motley Fool Australia owns shares of and has recommended Altium. 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 JB Hi-Fi Limited (ASX: JBH) share price is trading lower on Friday afternoon.

At the time of writing, the retail giant’s shares are down 2.5% to $44.46.

This latest decline means that JB Hi-Fi’s shares are now down 20% from their 52-week high.

Is the JB Hi-Fi share price in the buy zone now?

Despite the recent pullback in the JB Hi-Fi share price, the team at Goldman Sachs continue to sit on the fence with it.

According to a note out of the investment bank this week, its analysts have retained their neutral rating and lifted their price target slightly to $49.80.

Though, it is worth noting that despite its neutral rating, its price target implies some strong potential returns.

Based on the current JB Hi-Fi share price, Goldman’s price target suggests there’s potential upside of 12% over the next 12 months.

And that’s before dividends. If you include the $2.20 per share fully franked dividend the broker is forecasting in FY 2022, the potential return increases to approximately 17%. Not bad for a neutral rating.

What did the broker say?

Goldman has an issue with the valuation of the JB Hi-Fi share price and believes its positive outlook is largely priced in.

It commented: “While our forecasts for JBH imply a strong outlook of +6.5% EBIT CAGR over FY19-24e, we believe this is largely priced into the valuation.”

“The strong outlook remains largely priced in with the stock currently trading at c. 13.6x, a 1.6x premium to HVN and well ahead of peer group median of 9.6x,” Goldman added.

In light of this, the broker has a preference for Harvey Norman Holdings Limited (ASX: HVN) at present.

So much so, this week the broker upgraded its shares to a buy rating with an improved price target of $6.00. This implies potential upside of 21% over the next 12 months.

The post Here’s what this broker thinks of the JB Hi-Fi (ASX:JBH) share price appeared first on The Motley Fool Australia.

More reading

• JB Hi-Fi (ASX:JBH) share price up amid ‘confident’ outlook for FY22
• The JB Hi-Fi (ASX:JBH) share price is down 9% in a month. Is it a buy?
• Got money to invest for dividends? Here are 2 ASX shares that could be buys
• 5 things to watch on the ASX 200 on Friday
• How have ASX retail shares performed during the August 2021 earnings season?

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 owns shares of and has recommended Harvey Norman Holdings 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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ASX 200 shares in travel and energy sectors topped the leaderboards this week.

Investors were quick to bid up travel shares after the White House announced on Monday that it aims to lift travel restrictions for fully vaccinated travellers from 33 countries by November.

This list includes most of Europe, China, India, Brazil, Iran, and South America. Unfortunately, Australia did not make the cut.

The prospect of international travel for the United States could mean increased demand for jet fuel, a positive for the oil and gas sector.

Oil prices held up well this week, sitting around 2-year highs of US$72.9 a barrel.

This follows positive commentary from OPEC’s monthly oil market report and recent supply-side disruptions due to Hurricane Ida.

Here’s a summary of the travel and energy ASX 200 shares that delivered the best returns this week.

This week’s top performing ASX 200 shares

The Corporate Travel Management Ltd (ASX: CTD) share price is up 11.95% this week to $23.70 in late afternoon trade on Friday.

Corporate Travel is one of the first ASX 200 travel shares to top pre-COVID times, currently trading around June 2019 levels.

Flight Centre Travel Group Ltd (ASX: FLT) is another strong performer this week, rallying 10.47% to a 52-week high of $20.36. That said, Flight Centre shares are still trading at a 42% discount to February 2020 levels.

Now, taking a look at ASX 200 shares in the oil and gas industry.

Beach Energy Ltd (ASX: BPT) is the best performing player this week, rising 10.85%.

Beach Energy still has a long way to go before reaching break-even for the year. This follows a 25% plunge on 30 April when the company downgraded its oil reserves.

Other notable performers include Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) and Woodside Petroleum Limited (ASX: WPL) which added 9% and 6.89% respectively.

The post Guess which sector this week’s top performing ASX 200 shares come from appeared first on The Motley Fool Australia.

More reading

• Why Computershare, Lake, Premier Investments, & Woodside shares are rising
• ASX 200 (ASX:XJO) midday update: Telstra buys Vita stores, Cochlear sinks
• Why ASX 200 energy shares are trouncing the index today
• Why the Flight Centre (ASX:FLT) share price reached a new 52-week high today
• How do you value the Woodside Petroleum (ASX:WPL) share price?

Motley Fool contributor Kerry Sun 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 owns shares of and has recommended Corporate Travel Management Limited and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Flight Centre Travel 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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The Arafura Resources Limited (ASX: ARU) share price is shooting straight for the moon. The positive price movement comes as the Sydney Morning Herald (SMH) reports European car manufacturers have approached the company about “sourcing elements that help power electric cars”.

At the time of writing, shares in the rare earths elements (REE) company are trading for 20 cents each – up 17.7%.

Let’s take a closer look at today’s news.

Car manufacturers looking for alternatives to Chinese REE

According to the SMH, car manufacturers like BMW and Volkswagen are looking for ethically sourced alternatives to Chinese REE as they ramp up manufacturing of electric vehicles.

REE are crucial in the manufacturing of electric car batteries. In fact, the average electric car has about 3kg of REE, especially those that use magnets in their batteries.

“We have engagement with European manufacturers to directly supply them with material,” Chief Financial Officer Peter Sherrington is quoted in the paper as saying. Apparently, Sherrington expects to “ink a deal” with manufacturer as soon as the end of this year.

This news may be spurring on the Arafura share price.

As well, a new law in Germany on supply chain responsibility has also spurred interest, Sherrington told the paper. Starting from 2023, companies in the central European country will be held accountable on social standards across their entire supplier network and including waste products, or face fines.

Up to 90% of all the planet’s REE is produced in China, recent geo-political tensions between the People’s Republic and the west have seen many US and EU based companies and governments are looking to reduce their reliance on the eastern nation. Companies like Arafura, which sources it REE from the Northern Territory, may be part of the solution.

Arafura share price snapshot

Over the past 12 months, the Arafura share price has increased 150%. Year-to-date, shares in the company have increased 53.9%. It’s 52-week high is 30 cents per share and its 52-week low is 7.6 cents per share.

Arafura Resources has a market capitalisation of about $263 million.

The post Arafura Resources (ASX:ARU) share price rockets 18% on rare earths interest appeared first on The Motley Fool Australia.

More reading

• Guess which sector this week’s top performing ASX 200 shares come from
• It’s been a terrible week for the Lynas (ASX:LYC) share price. Here’s why
• If the second-largest Chinese property developer falls in a forest…
• Leading broker tips Calix (ASX:CXL) share price to rise 57%
• The Origin (ASX:ORG) share price is up 5% in less than a week. Here’s why

Motley Fool contributor Marc Sidarous 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) has edged lower on Friday and is currently 0.4% in the red at 7339 points in afternoon trade.

In comparison, shares in rare earths miner Lynas Rare Earths Ltd (ASX: LYC) are up around 1% today and are changing hands at $6.95 each.

However, the Lynas Rare Earths share price is trading down by over 10% this past week, meaning it has lagged the benchmark index over this time.

Read on for more details.

What’s up with the Lynas Rare Earths share price today?

Lynas is a producer of rare earths metals, which are an essential component to the functioning of our modern day to day lives.

They are used in a huge array of applications – mostly electronics – in the components that make these gadgets work.

For instance – see those headphones you use to listen to music in your free time? The speakers of each unit will contain neodymium, a magnetic rare earths metal, that – who knows – Lynas could have even produced.

There are 16 more of these metals that are becoming increasingly more essential as technology integrates more with our lives.

What does this mean for the Lynas Resource share price?

Lynas, being a producer of neodymium, amongst other rare earths, relies on pricing of these metals in the commodities markets to generate profit.

As such, it is considered a “price taker”, and its share price will fluctuate with volatility in rare earths’ markets.

After an impressive run from 30 June to early August, where it gained over 134%, the price of neodymium has had a cooling off period.

Prior to this, it reached all time highs in March. It’s since come back down to trade at US$121,109/tonne – that’s still an 80% gain over the year.

But it has decreased by US$3,870/tonne over the last month or so. It only started to trade in the green again last week.

Aside from this, the S&P/ASX 200 Resources Index (XJR) is down 0.85% today as well, extending its loss over this past week to 5.4%.

This indicates that there’s been broad weakness across the ASX resources sector in the past few sessions.

In the absence of any market sensitive information, it appears these factors are weighing down the Lynas Rare Earths share price over the last 7 days. It has come off a high of $7.79 on 15 September.

Lynas Rare Earths share price snapshot

It’s certainly not all doom and gloom for investors in the rare earths company.

The Lynas share price has climbed 195% into the green over the past 12 months, 74% of that gain occurring this year to date.

Even in the last month, it is still up 6%. Both of these results have outpaced the broad index’s return of around 25% over the past year.

The post It’s been a terrible week for the Lynas (ASX:LYC) share price. Here’s why appeared first on The Motley Fool Australia.

More reading

• Why the Lynas (ASX:LYC)share price is sliding 12% on Monday
• Why the Lynas (ASX:LYC) share price is up 86% in 2021
• Here are the top 10 ASX shares today
• ASX 200 energy and materials shares are leading the market on Monday
• Materials sector lagged the ASX 200 on Tuesday

The author Zach Bristow has no positions 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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Evergrande?

I thought you’d never ask.

Actually, people have been asking me all week.

Gee, we love a disaster story, don’t we?

The evolutionary biologists can probably explain it better than I can, but we’re drawn to stories of impending doom at an astonishing rate.

Maybe it’s the ‘them not us’ thing.

Maybe it’s an evolutionary adaptation to learn from others’ mistakes.

Maybe it’s the slow-motion train wreck thing: awful, but we can’t just look away.

And maybe it’s a different expression of the human experience of the pain of loss being three times as impactful, emotionally, as a similar-sized gain… and our fears of a worst-case outcome keep us fixated.

Whatever the case, the potential collapse of Evergrande, a Chinese property developer that’s apparently both the second-largest property developer in the world and simultaneously (if not surprisingly) also the most indebted company on Earth, with debts said to amount to some $400 billion.

Cue the headlines.

“China’s Lehmann Brothers moment’ might be my favourite — not for its accuracy necessarily, but for its ability to strike fear into readers (and presumably more website clicks, were I to be cynical).

Of course, the headline writer could actually be right.

Depending on how this plays out, it could be catastrophic for the world’s credit markets.

But probably not.

See, that’s the thing about our evolutionary development, as I highlighted above.

No-one can know how bad it will actually be. So the ‘worst case scenario’ gets trotted out, and grabs people’s attention.

(It’s the same with those repeated ‘House prices could crash by 40%’ scares. The report’s author then says ‘… well, I only said it was a chance’ by way of defence, thereby getting to make the outlandish claim — and get the headlines — but with plausible deniability when — not if — she’s wrong 99 times out of 100.)

Because that’s the thing.

If I stopped investing every time someone identified an economic risk, I’d spend 364 days a year in cash.

And that would get me absolutely nowhere.

Those who ‘correctly’ called the global financial crisis were lionised as visionaries, of course.

But — with the utmost respect to those involved — that’s like sending last night’s lotto winner on a speaking tour because she correctly forecast the six numbers that were drawn from the barrel.

Now, get the issue, timing and magnitude right twice in a row, and I’ll start listening.

Three times, and you might be onto something.

But just once?

Even a broken clock is right twice a day.

And those who were right that once… how long had they been wrong before that?

Remember the disaster waiting to happen from Grexit? From Brexit? The Cypriot banking crisis?

Remember the Chinese ‘hard landing’ and ‘foreign exchange crisis’ warnings?

Australian house prices have been ‘going to crash’ for the last 15 years.

The ‘taper tantrum’ last year?

The US ‘debt ceilings’ of a few years ago?

All possible.

All risks.

Just that none ended up actually becoming a problem.

But what about the actual problems?

Who, in 2019, predicted a global pandemic was going to wipe 40% off the ASX in a month and four days?

No-one.

Don’t get me wrong — if that sort of foresight was actually possible, it’d be worth a fortune.

It’s just, well, not possible.

And yet, many people focus on Evergrande as if it’s the end of the world.

Again, let me say — it may well cause massive dislocation.

Just like, against the odds, someone won lotto last night.

But you can’t rack up millions of dollars of spending on the basis that you’re about to win lotto.

And you can’t invest on the assumption that every potential risk ends in disaster, either.

No, I’m not suggesting reckless abandon.

I’m saying that a few things have been historically true:

1. You can find a new reason not to invest every week.

2. The hugely overwhelming majority of those predictions of doom don’t come true

3. Of those that do, most are a storm in a teacup

4. The fraction of a fraction that both eventuate and cause meaningful damage are hard to gauge in advance

5. Many of the real doozies aren’t foreseen at all; and

6. Despite all of them – every single one – the ASX (and the US market, besides) has never yet failed to regain and surpass previous highs

Or, you know, you can listen to the Chicken Littles, stay in cash, and miss out on the stunning potential returns from investing (9.7%, per annum, on the ASX over the last 30 years, according to Vanguard, for context)!

I know the doom and gloom mob are persuasive. I know their predictions (sorry ‘worst case possibilities’) are scary.

But that 30 year return is despite everything that’s happened since 1991, not some 30 year period of sweetness and light.

Yes, you need to invest sensibly.

You need to:

– Work hard

– Save religiously

– Invest regularly

– Buy wisely

– Diversify appropriately

And you need to expect volatility.

I can make no promises, and I can’t offer you a comfortable ride.

But my expectation is that handsome — very handsome — long term compound returns await those who can put the market’s growth potential to work in their portfolios, just as the long term historical returns have generated significant wealth for those who did the same thing, 30 years ago.

So, Evergrande?

Well, let’s just say the ASX fell 2.1% on Monday in a mini-panic.

And since then?

Well, the S&P/ASX 200 Index (ASX: XJO) had made up all but 0.5% of that fall by the end of yesterday.

Of course a few days or a week are nothing.

My point is that panicking didn’t exactly help.

I have no informed speculation on what happens with Evergrande. Maybe it’s just like the other 99% of crises that, well, never happen.

Or maybe it’s one of the rare ones that eventuates.

History suggests that remaining invested in the face of potential crises is more profitable than freaking out every time someone yells ‘watch out’.

So, I’m going to continue my put my investment strategy into place.

I’m going to save and invest, in a sensibly diversified way, in businesses with outsized potential, knowing that sometimes I’ll be the windscreen and sometimes I’ll be the bug… but believing that such a strategy will get me where I want to go.

Fool on!

The post If the second-largest Chinese property developer falls in a forest… appeared first on The Motley Fool Australia.

More reading

• Leading broker tips Calix (ASX:CXL) share price to rise 57%
• The Origin (ASX:ORG) share price is up 5% in less than a week. Here’s why
• The ANZ (ASX:ANZ) share price is trailing behind the big four today
• These 3 ASX Healthcare shares have soared over 10% today
• Why APN Industria, Centuria Industrial, Cochlear, & Perseus Mining are tumbling

Motley Fool contributor Scott Phillips 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 Calix Ltd (ASX: CXL) share price is out of form on Friday afternoon.

At the time of writing, the clean technology company’s shares are down 3.5% to $4.99.

Not that longer term shareholders will mind too much. The Calix share price is still up just under 400% since the start of the year.

What is Calix?

Calix is a clean technology company developing environmentally friendly solutions for advanced batteries, crop protection, aquaculture, wastewater, and carbon reduction.

The company notes that its core technology has attracted considerable recognition, which has led to a number of partnerships. This includes with universities, research institutes, governments, and industry partners.

Is the Calix share price in the buy zone?

Despite the incredible rise in the Calix share price this year, one leading broker still sees value in it.

According to a note out of Bell Potter this week, the broker has retained its speculative buy rating and lifted its price target by 167% to $7.85.

Based on the current Calix share price, this implies potential upside of 57% over the next 12 months.

What did the broker say?

Bell Potter is very positive on the company’s new subsidiary, LEILAC Group.

It is dedicated to the commercialisation and ongoing development of its Direct Separation technology for lime and cement, LEILAC (Low Emissions Intensity Lime and Cement).

This month the company revealed that the business will initially be funded via a A$24.5 million investment from US-based decarbonisation investor, Carbon Direct Capital Management. Carbon Direct will will take a 6.98% equity stake in the business.

The broker estimates that this values the LEILAC business at between A$350 million and A$500 million. However, it points out that this is a valuation for the technology today, rather than a future valuation.

Bell Potter commented: “In our view the transaction validates the emerging commercial viability of the LEILAC technology, and provides a point-in-time valuation for LEILAC Group.”

It further explained: “We also note that the investment provides a point-in-time valuation for LEILAC Group, rather than a future valuation of the technology. Carbon Direct invests on behalf of institutional clients, to generate a capital return (while decarbonising). We see upside to this valuation, driven by: (1) continued de-risking of the technology via LEILAC-2; (2) the progression of current commercial MOUs to FID; and, (3) the emergence of a commercial scale LEILAC plant; which we expect over the next 12 months.”

Bell Potter believes there is a huge opportunity for the business and feels it is well-positioned thanks to its first mover advantage.

The broker commented: “Governments are increasingly committing to a net zero greenhouse gas target by CY50 (e.g. EU, US, UK, NSW, VIC). If this is to be achieved, the IEA estimates that the global cement industry will need to capture 215Mtpa CO2 by CY30, and 1,355Mtpa CO2 by CY50. The targets are materially above the scenario analysis we currently utilise in our valuation methodology, which values the opportunity at A$7.63-11.45ps.”

All in all, this could make it well worth keeping a close eye on the Calix share price over the next 12 months.

The post Leading broker tips Calix (ASX:CXL) share price to rise 57% appeared first on The Motley Fool Australia.

More reading

• Why Accent, Calix, Pilbara Minerals, & Starpharma shares are racing higher
• Why the Calix (ASX:CXL) share price is surging 20% to a new all-time high
• Here are the 3 hottest ASX shares to buy right now: expert
• 5 ASX shares under $10 that have more than doubled in the past year
• 3 tempting ASX shares that rocketed after their 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. 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 Origin Energy Ltd (ASX: ORG) share price has edged higher on Friday in yet another positive day for investors. Shareholders would have watched closely as the company’s value has climbed more than 5% since Tuesday morning.

At the time of writing, the Origin share price is up 0.33% trading at $4.50 after hitting an intraday high of $4.53.

Here’s what appears to be driving shares in one of Australia’s largest energy generators and retailers right now.

Why the Origin share price is up 5% since Tuesday

Shares in the Aussie energy company were smashed earlier in the week. In fact, the Origin share price opened Tuesday morning more than 5% lower than where it started on Monday.

It was far from the only company in the S&P/ASX 200 Index (ASX: XJO) to have a rough start. The broad market index was hammered as fears over the collapse of Chinese real estate giant Evergrande Group rocked markets.

Things certainly turned around in the latter part of the week for Origin and its shareholders. Easing fears over the fallout from Evergrande, at least for the moment, helped boost markets higher. It wasn’t the only good news moving Aussie energy shares through to the end of the week.

Crude oil prices have been jumping this week on the back of larger than expected inventory drawdowns and rising demand for energy. That comes as Australia and the world eye a re-opening after tight COVID-19 restrictions.

Rising Brent and WTI crude oil futures helped boost Aussie energy shares higher this week. The Origin share price was no exception, climbing 5.15% since Tuesday’s open. The integrated energy group has exposure to oil and gas as an explorer, producer, generator and retailer.

It means the Aussie energy group now boasts a $7.9 billion market capitalisation. However, it’s not all good news for shareholders with the Origin share price still down 7% year to date and underperforming the ASX 200.

The post The Origin (ASX:ORG) share price is up 5% in less than a week. Here’s why appeared first on The Motley Fool Australia.

More reading

• Why the embattled AGL (ASX:AGL) share price is surging higher today
• Origin (ASX:ORG) share price slides amid moves into green hydrogen
• Why the Origin Energy (ASX:ORG) share price is climbing on Tuesday
• Why is the ASX share market down today?
• These ASX 200 shares are trading ex-dividend today

Motley Fool contributor Ken Hall 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 Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is trailing behind its peers’ on Friday.

The bank’s stock is in the green by the skin of its teeth, boasting a 0.1% gain at the time of writing and trading at $27.41.

That’s better than the broader market’s performance today though. Right now, the S&P/ASX 200 Index (ASX: XJO) is down 0.39%. Meanwhile, the All Ordinaries Index (ASX: XAO) is also down 0.38%.

The National Australia Bank Ltd (ASX: NAB) share price is defying the dip, having gained 0.8% at the time of writing. Shares in Westpac Banking Corp (ASX: WBC) are performing next best, sporting a 0.5% rise. While the Commonwealth Bank of Australia (ASX: CBA) share price is currently 0.3% higher than its previous close.

Let’s take a look at what might be weighing on the ANZ share price’s performance today.

ANZ share price lags the big four

The ANZ share price is underperforming against those of its peers today despite no price sensitive news released by any of the big four banks today.

However, ANZ CEO Shayne Elliott addressed the House of Representatives Standing Committee on Economics yesterday afternoon, as did the CEO of Commonwealth Bank.

Elliott spoke to the committee about housing prices and scams, among other issues.

He noted bank concerns over rising housing prices which might affect wealth distribution and household debt levels.

The bank forecasted that housing prices would have gained 20% year-on-year by the end of 2021, with prices in regional areas lifting even more. Bank analysts believe housing prices in capital cities will grow another 7% in 2022.

Elliott also said the number of scams affecting ANZ customers had increased recently. Over the first 8 months of 2021, 73% more ANZ customers fell victim to scams than in the same period the previous year. Elliott said a high proportion of modern scams involve cryptocurrency.

Of the $77 million lost to scammers from ANZ bank accounts in 2021 so far, the bank has been able to recover $19 million.  

The post The ANZ (ASX:ANZ) share price is trailing behind the big four today appeared first on The Motley Fool Australia.

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

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